In the age of information, staying up to date has become more important than ever before. In the realm of business, keeping up with the latest trends is no less important. The dynamics of businesses continue to change dramatically and keeping a tag on stock markets, mergers, acquisitions, and other important aspects of the business world are central to being in competition. A decade ago, the concept of business journalism was not widely heard about but over the years, it became one of the highest paying subsets of the media industry. While the universities around the world have started offering specialized courses in Business Journalism, it has become one of the choicest career options for students.
What do Business Journalists do?
Business journalists primarily deal with topics related to Finance and Economics. Unlike other subsets of journalism, it involves a detailed analysis of events and demands a strong knowledge of Economics and Finance subjects. The professionals in the domain can work as reporters, editors, and analysts depending on their level of expertise. Their daily job is to report on events pertaining to changes in the economy, implications of economic policies, developments in the world of business, etc. It is the job of a business journalist to investigate the causes of economic slowdown or crises and also involves analyzing a large amount of financial data to relay facts to audiences in a more comprehensible manner.
How to Become a Business Journalist?
Ideally, a degree in communications or journalism is required but in many cases having a degree in Economics or Finance is preferable as the job requires a solid understanding of both these subjects. Being a highly sensitive and a drastically changing beat in journalism, a small error due to misunderstanding or misrepresentation of data can cause huge trouble. Therefore, a professional tasked with handling business stories has to be extra cautious and be well versed with the intricacies of the domain. Apart from a myriad of options available for business graduates, Business Journalism is another popular choice to go for.
Though a bachelor’s degree in journalism is enough to cater to the entry-level jobs in the field but to climb up the organizational ladder or to apply for a senior position, a specialized degree in business along with years of experience is required. Almost every reputed newspaper has a section dedicated to business, and channels have a dedicated time slot for business stories. Apart from that, there are magazines and news channels that solely cover business stories. With the emergence of data science, data-driven business stories are becoming the trend, and professionals having expertise in analysing big data and turning them into statistically rich news packages are likely to be in demand in the coming future.
By now you must be aware of the fact that as much as Business Journalism offers rewarding career opportunities, it equally requires a person to have strong business and mathematical acumen. Indian School of Business and Finance offers programmes in Economics, Finance and Management that give you a solid understanding of these subjects. All the programmes at ISBF receive academic direction from the London School of Economics and the final degree awarded is by the University of London.