Business Administration is a study devoted to the consultation and leadership in a corporate or academic setting. It is a broad field that caters to a range of management positions in major companies and organizations. Earning a degree in this field is every student’s ticket to becoming effective administrators or managers that bring order, development, and success in any business.
Business Administration leads to a variety of lucrative career specializations in a fast-moving industry. We list 10 great concentrations you can pursue as a Business Administration undergraduate or graduate.
- Computer Information Systems
- Healthcare Management
- General Business
- Global Business
Specializing in Marketing as a Bachelor of Science in Business Administration (BSBA) graduate, your work involves brand management, product development, and sales management. This study grasps consumer behavior to satisfy customer needs and develop creative advertising techniques. Focused on Marketing, Business Administration students grow into company leaders as they learn and apply analytical, research, and strategical skills to maximize profits of their line, brand, or business. A marketing manager earns up to $145,620 annually.
Business Administration with Financial emphasis centers on investment, portfolio, money management and financial markets. The specific field of Finance provides in-depth comprehension of personal and international financial topics and tackles investments, risk evaluation, securities buy and sell, business computing, investment research, and trade. Graduates are expected to possess sharp market value assessment skills and may advance to becoming financial analysts, financial advisors, budget analysts or financial consultants. These professionals focus on investment planning, debt management, and retirement plans. Finance professionals also make financial reports for shareholders to release to the public. They earn about $99,330 per year.
As the study that centers on microeconomic (individual consumer) and macroeconomic (whole economy) theories and principles, Economics is integral to supply and demand. Business Administration graduates with this concentration also deal with employment problems and pricing strategies. Degree holders also get insight on economics on a global scale and take up math, business, and finance communication courses. Acquiring a bachelor’s degree can land you various positions relating to Economics as a discipline; however, master’s degree holders take on executive roles in investment firms, banks, and private corporations.
With a concentration in Management, Business Administration graduates can lead and motivate colleagues in the workplace. They typically become part of the Human Resource Management team that deals with the recruitment, training, discipline, career development, or retention of employees and professionals in the work setting. Human Resource Managers cultivate the growth of a company and secure its sustainability through efficient workforce leadership and management. An HR manager in a top firm can earn as high as $96,130 per year.
Courses on the eCommerce curriculum in Business Administration include eSystem analysis and design, telecommunications, emergent information technologies, information system design, database marketing, and global operations information technology. BA in eCommerce students land jobs as internet marketers, internet applications designers, and management specialists. With online businesses on steady growth, holders of Master of Business Administration (MBA) degree with a concentration on eCommerce get ahead in the game. They are expected to have gained forward-thinking administration and eCommerce management skills, a deeper insight into eCommerce as a business.
Computer Information Systems
Today, many business administration majoring in computer information systems degrees are already available for learning online. Students will gain much knowledge in the design, analysis, management, and planning of information systems. Students undergo training for hardware, software and database memory for this line of work that involves the maintenance and upgrade of business systems.
Programs online offer a wide range of materials and lectures, including interaction in message boards. Special programs may require an associate’s degree or certain general ed courses like science or mathematics as an enrollment requirement.
From financial transaction records to account reconciliation, this area of business administration works around transactions and statements to keep track business expenses or profits from small establishments, bigger companies to colleges/universities.
Accounting carries several specialties: tax accounting, managerial accounting, cost accounting, auditing are just a few examples. When you become an accountant, you become directly involved in planning financial systems to tax laws. The average median pay of accountant or auditor is $69,350.
Healthcare innovation is on an unprecedented rise, and the business side of it is constantly evolving. Focusing on the Healthcare Management field, Business Administration tackles business trends in the healthcare landscape. While a relatively new Business Administration concentration, Healthcare Management is becoming a popular specialization as it tackles healthcare economics, healthcare law, healthcare risk management, healthcare informatics, and healthcare policies. With a degree in healthcare management, graduates become professionals who manage and lead employees. Job titles include healthcare manager, healthcare administrator, or healthcare consultant in healthcare facilities such as hospitals and clinics. Medical and health services managers earn a median pay of $98,350.
As a Business Administration concentration, General Business educates students on the several functional aspects of business. Generally, students are required to choose their specific coursework. They deal with advanced concepts in finance, management, economics, marketing, and accounting, while also completing business information technology courses. A broad overview of business as an industry offers students entry-level management positions.
Sometimes called International Business, this concentration prepares students for demanding business administration work in international corporations. Your Business Administration degree with Global Business concentration carves you a career path that involves multinational agencies, companies, and financial institutions. You could be working for billion-dollar firms or organizations, globally known charities and foundations, or world-leading consumer goods conglomerates. Courses in Global Business concentration include global outsourcing strategy, global banking and capital markets, emerging financial markets, monetary policy, operations for global entrepreneurs.