4 Truths About Business School That Nobody Told You

Business school is a whole new experience. Though most would think that business school is not “that hard” as compared to other courses, that’s where most freshmen business students would disagree at the end of their first year.

If you’re looking for business courses or certificates and other courses as well, you may visit https://www.asset.edu.au/business-administration/. However, here are some “hard truths” that most business students won’t tell you before you enter business school.

There’s No Memorization

This one is a classic. Most people evade medical courses due to the constant memorization of terms and meanings. That’s why they enrolled in business school because there’s no memorization.

Your first hard truth is that business school is also full of memorization. But, why and how? First of all, you will be introduced to the world of business. You will learn about the fundamentals of business and management.

You will memorize business terms. Aside from that, you have to learn about management principles and methods. Remembering these methods by heart and mind is essential.

Moreover, business courses are purely applications. In the real world, you will deal with real-time problems. If you don’t remember the essential business principles, your business will inevitably fail, and you will not be an excellent manager.

You may check https://www.asset.edu.au/business-administration/ if you’re currently looking for business courses.

You Only Deal With Basic Operations

While it is partially correct, most freshmen students will realize that this notion is false when they reach higher business subjects. Business mathematics is easy during the first few years. The school will teach you computing discounts, markups, interests, and other necessary computations.

What you don’t know is that you’ll take subjects like statistics and calculus. You’ll be taking subjects that would require statistical analysis and methods like standard deviations, mean, least squares, chi tests, z tests, and so on.

These complex statistical models are helpful for finance and economics subjects. You’ll learn how to create graphs and how to interpret them. For more information about the business administration curriculum, you browse https://www.asset.edu.au/business-administration/.

You Need To Study Accounting

When students hear about accounting, they say it’s hard and boring. Well, accounting is the language of business. Without knowledge of accounting, managers cannot make decisions properly.

Accounting aims to produce financial statements to its various users. Managers make use of financial statements and reports to make business decisions. If you don’t know how these reports were prepared, how can you study it in the first place?

Case Studies Are Just For Seniors

That’s a big myth. In business school, case studies are ways to assess if the student can apply business theories. Case studies are written in a way to help students be engaged in what a real-world business scenario feels like.

All year levels have case studies. However, the difficulty and level of analysis needed vary per year level.

Business cases expose students to problem identification, analysis, and problem-solving. If case studies will be given only during the senior year, how can students develop their analytical skills?

In conclusion, cases are given evenly over the program, even for freshmen students.