As the number of students enrolling in business degree programs rises, schools are receiving grants that can help fund the expansions needed in this field of study. Many organizations, including those who provide federal funding, are improving the opportunities for future degree holders to earn an advanced education in this field.
The U.S. Department of Education recently awarded the University of Miami (UM) a four-year grant totaling $1.5 million that will help build the Center of International Business Education and Research (CIBER). One of the three schools in the U.S. that will have CIBER on its campus, the UM will house its School of Business Administration in the new facility.
This funding will help improve service education and offer more opportunities for students to learn about international competitiveness. The center will also specialize in four sections of international service, including healthcare, financial reporting, infrastructure development and environmental sustainability.
Joseph Ganitsky, a management professor at UM and director of the center, stated that "[it] will be an important gateway for business and government leaders, citizens, students and faculty to develop and strengthen their international competencies, particularly in the service sector, to create new initiatives that will enhance the international competitiveness of the U.S."
In 2008, business degree holders earned annual salaries ranging from $73,510 to $171,583, depending on the field, position and years of experience, according to PayScale.com, a research company.
