For young people both in Australia and Nepal, studying business opens a diverse range of career opportunities. Business studies cover a wide breadth of disciplines, which can include economics, finance, marketing, management, strategy and law) enabling graduates to work in many fields. A business degree develops many skills that graduates can take to any job. Business graduates understand how to manage their time, solve complex problems, make quick decisions, set informed goals. They also develop strong analytical abilities.
As the realm of business evolves, with the digital age making our world smaller, the demand for well-educated business professionals will continue to grow. While the world continues to change, the importance of business remains the same – essentially providing people with the goods and services they need and want. Of course, this is about much more than simply selling products. Responsible business also improves living standards, participates in initiatives that benefit society, and creates jobs.
Learning business skills for the 21st Century
Modern employers are looking for graduates who bring more than the expected technical competencies and expertise to their work. The workplace of the 21st Century also demands skills such as critical thinking, problem solving, adaptability, initiative, communication and collaboration.
Leading universities play a pivotal role in developing the next generation of business leaders, with business programs that are designed to match this evolving workplace. The Business School at University of Technology Sydney (UTS), for example, prepares students with the academic rigour, practical learn, and creating problem solving skills that will bring their theoretical learning to life in the workplace of tomorrow. Programs are flexible, allowing students to choose majors when they’re ready, with timetables that allow for vital internships and work placements.
Encouraging an entrepreneurial mindset
To prepare students for a changing workplace, where there is a strong shift from traditional employment to project-based work, top universities like UTS now encourage a more entrepreneurial mindset in their students. Throughout their degrees, UTS business students build a portfolio of skills and experiences that will open the door to a variety of employment or project opportunities.In fact, students can choose from over 90 individual subjects across several faculties, covering innovation and entrepreneurship, from ‘Finance for Entrepreneurs’ to ‘Global Entrepreneurship’.
It’s not just Australia that needs entrepreneurs. In developing economies, such as Nepal, demand is growing for business people with entrepreneurial skills. At the 2019 Entrepreneurship Summit, held in Kathmandu, President Bidya Devi Bhandari said Nepal should promote entrepreneurship to create employment opportunities within the country, to create an investment-friendly environment.
Opportunities for Business graduates
In Australia, graduates in Business and Economics enjoy some of the country’s highest employment rates. Over 69 per cent of graduates find employment within the first four months after graduation, and over 58 per cent of these are in full-time work. Business graduates find roles in areas such as accounting, human resources, administration, analysis, financial services, auditing, management, public relations, and advertising.
Opportunities for business graduates are also growing in Nepal. With the economy expected to grow by six per cent over the next three years, new businesses are being established and older ones continue to grow. This means a boost in the demand, particularly for finance graduates and analysts, with fluent English always being an advantage.
The pathway to UTS
At UTS Insearch, the pathway to study at UTS, the emphasis on building relevant skills is the same. The focus is to equip students for success both at university and in their future careers. Depending on results, the Diploma of Business may even take graduates straight into the second year of a UTS Business or Economics degree. And for international students, there is a Foundation Program, which provides a pathway to the Diploma of Business, or first year of the UTS Bachelor of Business or Bachelor of Economics programs.
Shristi Shakya came to UTS Insearch from Nepal to complete her Diploma of Business, and is now studying in the Bachelor of Business program at UTS. She says, “UTS is one of the leading educational institutions in Sydney. It has reliable connections to the current business market, and a wide range of majors to choose from as well.” Shristi would like to work as a financial analyst, or in the banking sector. “The complexity of the finance sector has always intrigued me,” she says, “it helps the economy grow and develop. I want to learn about the modern operations of the financial sector so I can contribute to the growth of both the Australian economy and that of my home country, Nepal.”
About UTS Insearch
UTS Insearch offers leading academic English programs, UTS Foundation Studies, and higher education diplomas, such as the Diploma of Business, that are designed with UTS entry requirements in mind. It welcomes students from Australia and overseas, and prepares graduates to enter their UTS bachelor degree with confidence.
In many cases, successful students can move straight from their diploma into the second year of a corresponding UTS degree.This is because the diploma courses are created in collaboration with UTS, so the educational outcomes are the same as for first-year students in a UTS undergraduate degree. Students starting at UTS Insearch in Sydney also benefit from a unique combination of ongoing academic support, small class sizes, and practical learning. The program is designed to help them not only earn a place at UTS, but to thrive there.