Since you didnt plan to stay without a job after studying business administration, career opportunities in business administration is a critical research to do before choosing the course.
The good news is that there are many career opportunities available to graduates of Business Administration. More so, the field is very dynamic and constantly evolving. Hence, there are always new roles and opportunities for graduates to explore.
A business administration degree allows graduates to work in nearly any private industry, companies and organizations require business professionals who can help them succeed financially. As a result, business administrators can look for a field that aligns with their expertise and passion.
Career Opportunities in Business Administration
To prepare for your target career opportunities in business administration, a student should select a concentration that matches their professional aspirations. Check out the following specialties, which contains traditional and modern business career:
Accounting: This is one of the career opportunities in business administration that covers the financial aspects of business, including financial statements, transactions, and the reconciliation of accounts. In addition to financial accounting, enrollees also study auditing, cost accounting, managerial accounting, and tax accounting.
Computer Information Systems: Learners explore the technical and business sides of management information systems to prepare for this career path. Given that computer and information systems managers typically need graduate degrees and basic business proficiency, master of business administration (MBA) degrees with a concentration in computer information systems may be an especially sensible choice for this field.
Finance: With a focus on investments, raising capital, and managing risk, finance is one of the core functional areas of business, and business administration students already study this topic to some degree in their core curriculum.
Marketing: Marketing focuses on promotion to help ensure an organization’s success and sustainability. Business administration careers that emphasize marketing skills also include roles in advertising and public relations. Students learn to assess consumer behavior, build brands and brand loyalty, and strategically market goods and services. Other career opportunities in business administration includes:
- Graduates of Business Administration can work in management capacity in companies and organizations. There, they can work as management analyst, operations manager, or financial manager.
- Graduates can also take up sales and marketing roles. They may work as sales representative, marketing coordinator or brand manager.
- Companies looking for financial analysts or financial advisors also employ Business Administration graduates to work in that capacity.
- Business Administration graduates also work as human resources analyst or recruitment manager for companies.
- Some Business Administration graduates work as consultants to organizations. In that capacity, they provide advice on a wide range of management and operational issues.
- Business Administrators can also be employed to carry out management roles in public or non-profit organizations.
- If you rather choose to be your own boss, you can use the skills and knowledge you acquired in your Business Administration program to become an entrepreneur. Yes, you can start your own business and employ others.
What is the Career of a Business Administrator?
The career of a business administrator ifocus and oversees the general operations of an organization or department. This may include supporting and overseeing teams, problem-solving, developing and implementing plans, and meeting goals.
A business administrator focuses on the work being done and the results that work is producing. Monitoring productivity and accounting are cornerstone responsibilities of a business administrator.
Managers supervise the clerical and administrative personnel in an organization or department. They can recommend and implement changes in policies and procedures so that goals are met more quickly with better results.
Some business administrators focus primarily on records and information management, which is experiencing employment growth. The growing reliance on cloud-based computing and record keeping has influenced the need for more information managers who can work with new technology and help their organizations move from older ways of record keeping.
Is Business Administration a Paying Job?
A business administrator will probably work in a full-time salarie position. Because a business administrator has the ability to pursue career opportunities in a variety of industries, there is a broad range of potential salaries.
Reports shows that the average annual salary of a business administrator is $83,790. Operations specialties managers specifically make an average of $105,750 a year. Those who work in the finance and insurance industry earn an average of $95,720.
Why Study Business Administration?
Students in business administration programs study the fundamentals of business and management best practices. They learn to plan, organize, lead, and support the human, financial, and physical resources that comprise a business.
Through coursework and training, students develop leadership skills, including analytical, communication, and problem-solving abilities. For many business administration career paths, learning does not end at the college level but continues through certification and personal/professional development.
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Project Management
Project management skills help individuals advance in their business administration career paths. Effective project management involves detailed planning; open team communication; and the ability to prioritize tasks, manage resources, and stay within a budget. While general business administration degrees teach project management basics, students can also choose project management as a specialty.
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Organizational
Like analytical skills, organizational skills underpin other business competencies, such as decision-making, problem-solving, and leadership. In business management and administration careers, individuals use organizational skills to set goals, develop and assign tasks, and delegate duties.
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Communication
Careers that take advantage of a business administration degree require proficiency in verbal and written communication. A team leader must be able to communicate with all stakeholders of a project and convey expectations and goals. The five main elements of business communication include collaboration, public speaking, listening, reading others, and written communication.
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Analytical
Analytical skills support sound decision-making and problem-solving. For fields such as accounting, professionals employ analytical skills to carry out their daily work, including calculating bottom lines and investigating fraud. Many business administration programs offer business analytics as a concentration, which teaches students to transform data into predictive information.
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Math
Business professionals should possess a basic knowledge of math concepts and demonstrate financial literacy. Many refer to financial accounting — a core course in business administration programs — as the common “language of business.”
