Versatility with associate degree in foundations of business

Accounting, economics, finance and marketing are key ingredients in today's business world. That's why many colleges are bundling those disciplines into a foundations of business degree that provides the critical infrastructure for anyone entering a general business position.

Benefits of a degree in foundations of business

If you're looking to start a business or land a job in real estate, banking, health care or general business, a degree in foundations of business can go a long way in opening doors. You'll take courses in areas such as finance, administration, business plan analysis, marketing, staffing and employee relations.

One key benefit of getting a degree in foundations of business is the flexibility it offers. This is particularly true if you're pursuing an online associate degree in foundations of business. You'll have flexibility in your schedule and be able to do much of the work from the comfort of your home -- at any hour.

Several colleges offer an online associate degree in foundations of business. Associate degree programs are typically two years long and cover the fundamentals of a particular area of study. The degrees usually require 60 credit hours broken down among general requirements, major courses and electives.

Finding the right school

When evaluating a school, look for one with a wide range of courses in finance, business and administration. You'll also want a knowledgeable faculty who have hands on experience in the business world. Many schools also offer financial aid through the federal Pell Grant programs, along with scholarships, loans and work study options.

A foundations of business degree can be put to use in almost any industry, but you are wise to focus on finance, insurance and technology because of their stable employment outlook. Each specialty will need workers with sharp management, accounting and computer skills who can handle entry level to mid-level business management duties.

Among the career options that fit with a foundations of business degree are:

Retail buyer -- Oversees the buying process for a clothing, grocery or other retail operations, from finding merchandise to pricing, inventory and sales support. Retail buyers also analyze buying trends, sales patterns and contractual obligations with suppliers. While an associate degree in foundations of business is sufficient for some employers, a four-year degree will expand your opportunities. Job growth is expected in the 7 percent range from 2008 to 2018, about average for all occupations. The mean annual wage for May 2009 was $55,480.

Insurance underwriter -- Typically works with an insurance company to investigate claims, negotiate settlements and oversee the administrative process of claims processing. Job growth is expected in the 7 percent range from 2008 to 2018, about average for all occupations. Employment is expected to grow as insurance companies focus on cost reduction and seek insurance underwriters to review medical claims. The mean annual wage for May 2009 was $58,780.

Office manager -- Oversees work assignments, scheduling and employee relations throughout the company. The number of jobs in this area is expected to grow by 11 percent from 2008 to 2018, average for all occupations. The mean annual wage for May 2009 was $49,990.

An associate degree in foundations of business can lay the foundation for a stellar career in the business world.

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