Should you study business administration? What can I do with a degree in business administration? What are the career opportunities in business administration? Are there scholarships to study business administration?
We are going to answer these questions and more in this article.
Business plays an integral part in the economic development of nations. Businesses are responsible for creating jobs and delivering goods and services. Businesses need people managing their affairs—from revenue to human resources, finances, operations, and customers—for them to grow and expand.
Business administrators are in high demand. This is more so because more businesses are created daily and market competition keeps getting steeper. Also, business owners take business administration courses to help them be more efficient in managing their businesses. So what is business administration all about?
Also read 10 Reasons Why You Should Study Marketing
Business administration or business management refers to planning, managing and being responsible for how a business, company, or organization operates. This includes daily operations, long-term plans, and projects of the business. The job description and responsibilities of a business administrator may include recruiting staff members, handling business finances, conducting meetings, dealing with public relations, negotiating, and more.
A degree in business administration can be used on a professional level as an employee or for independent and personal purposes, operating your own business. Business administration is a broad field that covers other fields such as accounting, finance, marketing, and managerial studies. Business administrators have different job roles. Hence, their job description differs with the organization or business they work with. If you are interested in becoming a business administrator, you need to pursue a degree in business administration.
Also read Top 10 International Scholarships to Study Business Administration
Table of Contents
There is a wide range of career path opportunities at your disposal if you study business administration. A degree offers you the flexibility to enter fields like accounting, finance, marketing, human resources, management, and more. If you are interested in academia, you can start teaching a class in business administration. Every business requires the services of business administration professionals. And if you are a business owner, you need the skills of a business administrator. It is safe to say that jobs are readily available for business administration graduates.
The business world is increasingly becoming competitive. Businesses need to innovate fast or perish. This has created high demand for strong business leaders. One of the many skills you acquire when studying business administration is leadership. Motivating your team members and employees to contribute to the progress of a company or organization is crucial to business success.
With a bachelor’s in Business Administration degree, you can lead a team effectively. You will acquire the skills to communicate effectively, apply critical thinking when analyzing and solving business problems, relate global and financial issues to business development, and do much more for any business.
A degree in business administration offers you options regarding the salary you earn. You immediately have various careers to choose from, and as a result, a variety of potential salaries. Below we have listed the annual salaries of some of the most popular careers in business administration.
These are only average salaries. And salaries would vary depending on your location, experience and the company hiring you. Interestingly, you may also have the chance of getting promoted or earning bonuses and getting paid higher than average.
The knowledge and skills you acquire from studying business administration prepare you for more than having diverse job options. It equips you with the ability to start your own business and be your own boss. Effective identifying potential business opportunities, decision making, communication, critical thinking, management, marketing, and knowledge in finance, are skills you need to succeed in your own business. And you’ll acquire them from studying business administration.
You cannot succeed in business or in a workplace without being able to work with a team. You need to work with and manage the resources of other people to achieve mutual goals or purposes. Whether you find yourself in a leadership position or a team member, a degree in business administration will prepare you to work with people effectively and efficiently.
You will learn:
If you are considering studying business administration, these skills are a reason to.
Also read 10 Reasons Why You Should Study International Relations
As the saying goes, “Your network is your net worth”. In other words, your value in the society is a measure of the people you are connected with. Developing networking skills is another reason to study business administration. Networking in business refers to interacting with other businesspeople for mutual benefits.
Business administration degree prepares you with the skills of managing different types of networking, how to use them, and how to benefit from them. Having the skill to network effectively gives you an advantage to succeed in every aspect of life – in and out of business.
A bachelors degree in business administration can be an important step towards your personal growth and a lucrative career. One of the top reasons you should study business administration is that it offers excellent advance study opportunities. Starting from master’s degrees and postgraduate diplomas to different certifications and courses. Here are some exapmple
If any of these advance qualification interests you, that could be a good reason to start your first degree in business administration.
Business administration is a practical field. Hence, when studying business administration, the skills and knowledge you gain is not limited to textbook theories. You get the privilege of learning from practical experience. You learn how to evaluate real-world circumstances from a business perspective.
Ultimately, you won’t have to struggle from a disconnect between what you studied in school versus what you encounter in the business world. You will be able to apply your classroom knowledge and skills to your job or business.
Studying business administration will set you on the path of a lucrative career across industries and organizations. You can move from energy industry to information technology and then to agriculture. Or you can decide to build your career within a specific industry. It’s entirely up to you. The bottom line is that there is little limit to how far you can go in your career if you harness your leadership, teamwork, communication and networking skills.
Last but not the least. One of the major reasons why you should study business administration is that you’ll learn and be involved with many different areas of business and organization. When you get a job, it’s unlikely that you’d ever be restricted to just one department or taskforce. In the workplace, you’ll oversee operations varying from finance to marketing. While studying, your curriculum will reflect this diversity where you’ll have the opportunity to learn about multiple disciplines including:
Also read 10 Reasons Why You Should Study Economics
There are various career paths for graduates with business administration degree. Most of these career paths are in high demand. You can work in private, public and even non-profit organizations. Below are some of these careers:
Sometimes known as business management consultants, they are professionals who help people and organizations make smart business decisions. They help to propose ways to help a company make more profits and grow its market value.
A business administrator can also work as a sales manager, who helps businesses promote company products.
Help companies or businesses understand their investment options and analyze ways to generate more revenue.
The primary job of these professionals is to recruit job seekers, interview them, and give them all the necessary tools to work in an organization. Every organization that wants to employ workers needs a human resources specialist. These professionals are also responsible for payrolls, employee relations, and other administrative benefits.
These professionals are in charge of approving loans for both individuals and organizations. They also assist in verifying loan applications and analyzing the financial status of loan applicants before approving the loans.
A market research analyst helps the company reach its customers, understand what they want and determine how to meet their needs. These market research analysts are at the forefront of the business, and they do their jobs by creating surveys or questionnaires to understand market trends and how to bring satisfaction to the customers.
These are in charge of all the operations involving the management and administrative aspects of the business. The job description involves formulating policies, planning and managing the day-to-day activities, and using the human and material resources of the business. All accounts are given to the general operations manager for each day’s production or sale.
This is in charge of managing business assets and investments. They oversee the business’s financial goals, budgets, and other financial involvement. They oversee the financial side of the business.
A business administrator can function as an auditor to monitor the finances of a business or organization. You can work as an internal auditor; or an external auditor.
Read more on 10 Things You Can Do With a Degree in Business Administration
Business administration degree holders and professionals are in demand. These professionals can work in various roles. Here is a list of type of establishments, organizations, and businesses where the role of a business administrator is required.
Also read 10 Reasons Why You Should Study Law
A lot of skills are required and also necessary to be a certified business administrator. Also, as a student, who wants to obtain a degree in business administration or management, you need some of these skill sets.
Also read 10 Reasons Why You Should Study English Language
If you are searching for reasons why you must take a chance on studying business administration, below are some of the benefits you would enjoy by obtaining a business administration degree.
Also read 10 Reasons Why You Should Study Nursing
Most educational institutions, such as universities, training centers, polytechnics, business schools, and other learning institutions, offer business administration courses. Some of these learning institutions may offer the course under a different name like business management, business studies, management studies. But they mean the same thing.
You can study business administration as an undergraduate degree, master’s degree, or postgraduate degree. There are other recognized professional courses available for business administration certification.
Furthermore, obtaining a degree can be challenging since you must invest time and resources. It is, therefore, necessary to choose a course you are interested in that offers immense opportunities for career growth.
As a business administrator, you have a list of career roles you can pick from and work hard to become a professional in your chosen field. Businesses are created almost every day. Therefore, there is an increasing demand for business administration professionals who can run a business effectively. Business administrators play huge roles in the success or failure of business enterprises. You can greatly impact your chosen field by choosing the right course of study. And studying business administration may be the right career choice for you.
This post was last modified on July 12, 2024 1:59 pm