Business Administration is a study that focuses on business disciplines, theories, management, and practices. Upon acquiring a bachelor’s degree or furthering their studies, students apply their learned knowledge and skill sets to private sectors and larger global corporations. Business Administration is a sought-after field of study for students and has long been a top major to take as an undergraduate course.
Business Administration as a Degree
Becoming an active part in a growing business as a Business Administration graduate makes you a contributor to this fast-developing market. To be skilled in specialization in the extensive business arena, you need to earn a relevant degree or pursue advanced studies to enrich your credentials and become the perfect fit for your desired profession.
The availability of Businesses Administration as a degree now extends to the web-based platform. In fact, many students may choose to work while taking an online BA course. This option is deemed more affordable and feasible than attending a conventional college or university.
Students may acquire a degree in business in collegiate and post-secondary levels. Here are the Business Administration degrees you can opt to take.
- With a certificate program, completion takes less than two years and accepts graduate or undergraduate enrollees. By gaining a certificate program, you develop your executive education skills.
- An associate’s degree takes at least two years to finish. Programs feature subjects such as management, accounting, and software applications that allow you to apply relevant business techniques. This is a good step toward earning a bachelor’s degree.
- A bachelor’s degree requires four years, often with a requirement of GED (General Education Diploma) or high school diploma. Upon graduating, students acquire knowledge of general business management principles, as well as gain interpersonal skills.
- DBA (Doctorate of Business Administration) degrees typically need three to six years and a GRE score submission. This educational pathway prepares students to become future consultants, teachers, and leaders in various educational and corporate settings. Undergraduate programs require SAT or ACT standardized test scores for admission.
- An MBA (Master of Business Administration) adds another two to three years to your study. Oftentimes graduate programs seek undergraduates who have experience in real-world business prior to acceptance. A handful of doctoral programs require an MBA master’s degree. Earning an MBA opens doors for greater career opportunities for graduates. They become independent consultants, CEOs to business owners and moguls.
Types of Business Administration Degrees
There is a wide variety of Business Administration specializations. The study encompasses subfields, and graduates get to apply their skills relevant to the broad and fast-growing local or international market in various sectors. Leaders that majored in Business Administration are the innovators, solution providers, and decision-makers. They are responsible for today’s skyrocketing markets trends.
Here are the Business Administration degrees and their individual emphasis:
Accounting – From statistics, tax laws, financial records, finance management, to general accounting principles and everything in between, Accounting is indispensable in business operations. Accounting as a course helps BA graduates venture into tax-related or auditing and secure positions specializing on these.
Advertising – Advertising as a discipline continues to evolve and innovate–all for the purpose of drawing attention to business and attracting customers. Advertising specialists excel at analyzing the local or global market by using their creativity. It’s a doorway to futuristic consumer-provider possibilities.
Economics – Microeconomics, macroeconomics, economic principles and theories, business administration graduates with degrees majoring in economics are sharp at economic forecasting and analysis. These are essential skills in keeping up with business and economic trends.
Finance – Finance deals with responsibilities such as risk management, statistics, portfolio management, and earnings projection. Finance as a major helps companies invest wisely and make smart decisions with their money, where it goes and how it continues to grow for the progress of the company.
Healthcare Management – Becoming a healthcare manager means ensuring the operational excellence of healthcare facilities to benefit the business, its people, and end-users. As a constantly evolving industry, healthcare requires trained professionals to resolve everyday challenges and provide first-rate services.
Human Resources – The work environment is challenging, which is why experts like human resource managers are needed to assist in staff recruitment and training, policy implementation, and other business processes within a private business or top-earning organization. In this type of Business Administration degree, you will need to develop your people skills and leadership.
Marketing – Similar to advertising, marketing concentrates on strategies for gaining buyers to many feature products to quirky items or niches. This field demands plenty of research and techniques for business success despite tough competition.
Public Relations – Public Relations specialists represent companies and deal with the public for a diplomatic and strategic resolve. As a Business Administration graduate with emphasis on Public Relations, you are expected to possess excellent communication skills and manage public, media, and company relations.
LOOK DEEPER: 10 Great Concentrations in Business Administration
Different Business Administration Courses
Business administration courses earn students extra skill sets such as leadership and heightened management skills up to the international scale, furthering their careers.
Core courses include, but do not limit to:
- Business Communications and Critical Thinking:
- Introduction to Computer Applications and Systems
- Management Theory and Practice
- Principles of Accounting I
- Principles of Accounting II
- Business Research
- Principles of Microeconomics
- Finance for Business
- Global Business Strategies
Business Administration Career Information and Prospects
Business Administration promises to be a lucrative career option as demand for newer, convenient, and high technologies rise in the business landscape. To manage trends and innovations in business processes, the industry requires well educated and highly trained professionals.
The prospects for graduates with a degree or MBA in this study are aplenty. Depending on your specialization, organizing the workplace, facilitating projects, overseeing workforce, leading teams, and creating new policies are some of your specific roles as Business Administration graduate and professional.
Below are examples of professional designations that await you:
An Advertising Executive is responsible for developing strategies so commodities reach the target market and permeate every aspect of their lives. An advertising executive plans and analyzes marketing campaigns and negotiates contracts. This line of work will allow you to speak with sales agents, art directors and finance heads for the media advertisement and promotions. According to the Bureau of Labor Statistics, advertising and marketing managers earn $129,380 annually.
A City Manager runs municipalities and is on the political end of the business arena. Selected by the city council, a city manager creates city policies, makes budget recommendations, and hires or terminate laborers. In overseeing the function of municipal departments, city managers earn anywhere from $71,000 to $105,000 depending on years of experience.
A Commercial Loan Officer is a decision-maker with superb financial and EQ skills to make loan qualification recommendations for businesses. Dealing with banks is part and parcel of the job.
The Chief Executive Officer is responsible or business policy, strategy, and planning. Firmly setting goals, overseeing finances, managing activities, and appointing the right people are just some of the all-important roles of the CEO. To land this executive position, an MBA is needed.
A Market Research Analyst analyzes marketing trends to meet and exceed company sales potential and overall profit objectives. Forecasting sales conditions and measuring the efficiency of marketing programs are also in a market research analyst’s job description. Financial analysts who perform similar yet more finance-focused work, get a yearly median pay of $84,300.
Business Administration graduates also land these professions with these yearly median pay rates:
- Public Relations Specialist or Fundraising Manager – $111,280
- Economist – $102,490
- Human Resources Manager – $110,120
- Medical and health services manager – $98,950
- Accountant – $69,350
Business Administration Schools, Degrees, and Rankings
For more information, read our rankings featuring Business Administration programs and schools:
- Best Online Schools for Associate in Business Administration
- Top Online Bachelor of Business Administration Programs
- Top 15 Online Master’s of Business Administration
- Top 20 Online Doctor of Business Administration Programs
- 20 Best Online Schools for ACCELERATED Bachelor of Business Management (BBM) Degrees 2020
- 20 MOST AFFORDABLE Online Schools for Bachelor of Business Management (BBM) Degrees 2020