What is a bachelor’s degree in business administration? Students who earn a bachelor’s degree in business administration are taught data analysis, management, and organizational behavior. The degree helps professionals in various industries develop excellent analytical and decision-making skills. To prepare for the workforce, undergraduates might concentrate on areas such as general management, accounting, supply chain management, and healthcare management.

According to the Bureau of Labor Statistics, many commercial jobs are expected to develop rapidly between 2020 and 2030. (BLS). In addition, incomes in this field are above average. With experience, a graduate degree, or professional certifications, business professionals can boost their earning potential.

The question of what I can do with a business administration degree is often asked by prospective students. This type of degree provides a wide range of career options, as it prepares students for management roles. A business administration degree equips students with the knowledge that hiring managers seek in their job candidates. While this degree is not specific to one career field, it is applicable across several industries and levels. Let’s take a closer look at the different fields you can pursue.

What Is Business Administration?

First and foremost, let us define the field of research. So, what precisely is business administration? It’s difficult to characterize simply a field that is so large. However, the Merriam-Webster dictionary defines it as “a program of studies in a college or university offering a general grasp of business concepts and procedures” if we’re seeking a strict definition. According to Merriam-Webster, “business administration” was first used in 1904! So it appears that “business administration” has been linked to education since its inception.

What about the term “business”? Even if it’s rather simple, let’s take a look. The same dictionary interprets this word in a variety of ways, the three most relevant to a degree program being:

• A commercial or mercantile activity carried out as a source of income.
• A business or, in some cases, an industrial operation.
• Dealings or transactions, especially those involving money.

These definitions may appear easy, but it’s fascinating to note that in a subject with so many different career options, things boil down to a few key principles — and that’s what you’ll discover when you study business administration.

How Much Money Can You Make With a Business Administration Degree?

According to PayScale, the average business administration degree pay in October 2021 was $69,000 per year. Many occupations requiring a business administration degree pay more. Management positions, for example, have a median annual income of about $110,000, according to BLS data.

Financial analysts, market research analysts, accountants, and management consultants are among the jobs available to business administration degrees. These occupations pay far above average and provide prospects for promotion. Financial analysts, for example, earn an annual median salary of $88,660, while financial managers earn an annual median salary of over $134,000 per year.

Pursuing professional certifications or a graduate degree, such as an MBA, can help business administration professionals increase their earning potential.

What Jobs Can You Get With a Business Administration Degree?

Graduates with a bachelor’s degree in business administration are prepared for careers in marketing, human resources, accounting, and management. Different jobs require different levels of education and experience. Many business administration degree jobs, on the other hand, pay well and provide a lot of room for advancement.

General or Operations Manager

• The median income for a general or operations manager in 2020 is $107,680.
• Job growth projections (2020-2030): 8%
• Business manager, operations director, and store manager are all similar job titles.

Appropriate for:

• Leaders who are good at time management and organizing.
• The ability to communicate with a variety of stakeholders
• Problem-solving skills that are second to none

Offices, stories, and other facilities are overseen by general and operations managers. They establish policies that are consistent with the organization’s principles and track progress toward long-term objectives. Schedules are created, budgets are reviewed, and daily operations are overseen by general and operations managers. A bachelor’s degree is required for this position.

Accountant or Auditor

• A bachelor’s degree is required. Bachelor’s median income in 2020: $73,560
• Job growth projections (2020-2030): 7%
• Accounting officers, certified public accountants, and internal auditors are all job titles that are similar.

Appropriate for:

• Candidates with a keen eye for detail
• Strong mathematical and analytical abilities
• The ability to organise and manage large amounts of information

Accountants and auditors are responsible for the preparation and evaluation of financial documentation. They prepare taxes for both firms and individuals, detect financial fraud, and assess a company’s economic value. Many accounting and auditing positions just require a bachelor’s degree, while CPAs require postgraduate schooling.

Industrial Production Manager

• A bachelor’s degree is required. Bachelor’s median income in 2020: $108,790
• Job growth projections (2020-2030): 5%
• Plant manager, manufacturing manager, and production control manager are all job titles that are similar.

Appropriate for:

• A production or manufacturing background
• Candidates that are good at managing their time and leading others
• The ability to quickly solve difficulties

Industrial production managers are in charge of overseeing manufacturing facilities. They make sure that employees follow safety protocols, set long-term objectives, and oversee daily operations. Procedures are often implemented by industrial production managers to streamline manufacturing. A bachelor’s degree and five or more years of experience in industrial manufacturing are required for this position.

Human Resource Manager

• A bachelor’s degree is required. Bachelor’s median income in 2020: $108,790
• Job growth projections (2020-2030): 7%
• Plant manager, manufacturing manager, and production control manager are all job titles that are similar.

According to self-reported statistics from Glassdoor, the US National Average for a human resources manager pay is $80,663, although the Bureau of Labor Statistics has a substantially higher average of $102,780.

Hiring personnel, managing people and communications, administering employee performance reviews, and executing payroll obligations are just a few of the responsibilities that the human resources manager has during the day.

HR managers are responsible for maintaining and developing effective internal procedures, resolving employee difficulties, and assisting with recruitment and retention initiatives.

Management Analyst

• A bachelor’s degree is required. Bachelor’s median income in 2020: $87,660
• Job growth projections (2020-2030): 14%
• Management consultant, business analyst, and business process analyst are all job titles that are similar.

Appropriate for:

• Strong organizational and leadership abilities
• The ability to work in a group and collaborate
• Business-trained analytical thinkers

Management analysts investigate a company’s procedures and make recommendations for improvements. They assist managers in boosting earnings by reducing inefficiencies. Management analysts can also advise businesses on how to improve their processes. A bachelor’s degree and less than five years of experience are required for most positions.

What Is the Importance of a Business Administration Degree?

In addition to leadership roles, business administration degrees prepare students for management and administrative positions. Graduates are trained in technical, managerial, and analytical skills. In addition, there are seven job openings in the field today that are in demand, according to the U.S. Bureau of Labor Statistics. In addition to management positions, graduates can also go into positions in marketing, financial analysis, and social media. This makes the field a good choice for those who want to get into the business world and work for a large company.

The salary outlook is good for these graduates. They can pursue a career in finance, healthcare, human resources, and many other sectors. Their broad range of skills will allow them to find opportunities in many sectors. While the demand for MBA graduates is greatest in the financial sector, there is also a great deal of room for growth in other fields. There are many entry-level opportunities for business administration graduates in this field.

After graduating from college, a business administration degree opens up a multitude of career paths. Whether you’d like to be a business manager or a corporate leader, there are plenty of positions available. There are even MBA jobs in the healthcare and energy sectors. The most popular fields for MBA graduates are consulting, energy and utilities, healthcare, and technology. The skills you learn in this program will also be useful in accounting services, as well as the design and management of accounting systems.

A business administration degree provides a versatile skill set that will be useful in many sectors. The skills you gain will be transferable and relevant to the business world. Aside from finance and human resources, business administration degrees also prepare students for management positions in the financial sector. They can also pursue a career in public administration, nonprofit organizations, and technology. There is an enormous demand for these graduates, and the salaries are excellent.

What Is the Significance of a Business Administration Degree?

The vast range of career options available to graduates with a business administration degree is endless. There are many entry-level positions available in the field, and many employers seek people with thorough knowledge of the business. In addition to managing companies, business administration degrees also provide a career in human resources. They can assist businesses with human resources and finance. They also need to conduct research surveys to learn what the customers want.

A business administration degree can be useful for many careers. Some of these degrees are applied to a variety of sectors, including human resources, accounting, marketing, and management. These skills can be applied to a variety of sectors, as well as the workplace. However, some degrees are more useful for certain sectors. Some people may prefer to work as an accountant, a banker, or a software developer.

A business administration degree can also lead to a career in marketing. This degree allows people to earn a good salary and have a diverse range of opportunities. There are a number of benefits to this type of career. A bachelor’s degree in business administration can open doors for jobs in many areas of human resources, finance, and marketing. Further, the skills and expertise acquired through this course are applicable in a wide range of sectors, from nonprofit organizations to corporations.

It enables individuals to work in different areas, including management, human resources, and social media. It is not a prerequisite for employment, but a bachelor’s degree in this field will give you plenty of opportunities. So, if you are interested in a career in this field, a business administration degree will help you land a job that you love.

What Else Can I Learn in a Business Administration Program?

Many business administration degrees allow students to specialize in a particular field. This means you’ll take a series of coursework in a certain sub-area of business in addition to fundamental courses like the ones outlined in the previous section. Accountancy, business law, entrepreneurship, finance, human resources management, marketing, project management, and alternative dispute resolution are among the concentrations available.

Adding a concentration like this to your resume can help you stand out in the employment market. It also helps you narrow down what you want to do in your day-to-day work or what kind of organization you want to work for.

Conclusion

Accounting and finance-related jobs may come to mind for many people when they initially consider pursuing a business administration degree. Of course, they are the fields of business that many BBA students aspire to work in. However, the field has grown considerably. As a result, business administration education has evolved as well.

A bachelor’s degree in business administration is a highly adaptable academic certificate. Simply put, there are bound to be opportunities connected to the concepts, skills, and information learned in a business administration school, regardless of the industry or size of a company. Students can often further customize their learning experience by focusing on a certain field of business, as mentioned in the preceding section; this extra specialty can provide people an edge.

A business administration degree may be a good option for you if you want to build this skill set in an area growing faster than the national average, pays well, and offers opportunities for professional advancement and development.