The option to pursue a business administration degree has been a steadily popular one among college applicants over the past decade. Part of this specialization’s appeal to the public lies precisely in its appearance of a degree one could land an important job with. While this assumption isn’t necessarily wrong, the field being quite a valuable and needed one, many graduates find themselves wondering: what can you do with a business administration degree? For those of you wondering the same thing, don’t worry: there are plenty of goof bachelors in business administration jobs on the market, and the median salaries for this profession are also pretty impressive.
1. Salary Data for Bachelors in Business Administration Jobs
Before we move on to detailing the jobs and opportunities you could find with such a degree, let’s take a look at statistics on the business administration salary and how much you can expect to earn. According to the BLS (Bureau for Labor Statistics), these are the median salaries for jobs with someone with a bachelors in business administration, broken down by the exact field of work or specialization:
- Sales Management Jobs: the median salary is $110,660 per year;
- Human Resources Management: the median salary is $102,780 per year;
- Food Service Management: the median salary is $48,560 per year;
- Health Care Administration: the median salary is $92,810 per year;
- Financial Management: the median salary is $115,320 per year;
- Marketing Management: the median salary in this case is $123,450.
As you can see, most of the fields in which you can find work with a business administration degree run salaries which are pretty impressive. Just so you know, a median salary isn’t the same thing with an average salary. The median means that half of all professionals working in that field earned a bit more than the median value (like the ones presented above), while the other half earned a bit less. How much more or how much less greatly depends on the employee’s experience, on the state where the employing company is, and other such factors. The bottom line through all the variables is that indeed, bachelors in business administration jobs tend to pay quite well, so thinking of following this career path is undoubtedly a good choice.
After you manage to gain some experience (of around 5-7 years of working on an entry-level business administration position), you will be able to move on to a management position. As you can see from the table above, these also yield pretty impressive salaries as well.
2. Overlook of Bachelors in Business Administration Jobs
If you already have a business administration degree, or if you’re on your way of obtaining one, this is what you need to know about finding jobs for those of you with a bachelors in business administration. First of all, some sub-fields might make it easier for business administration graduates to find rewarding jobs in them, due to higher demand. We will detail the job growth rates for them directly below. Second of all, in a nutshell, what you need to know about this field is that the usual networking techniques useful for finding jobs in any given field can become perhaps even more important here. Traditional methods like job search engines can only do so much; and a better (albeit slower) way of landing a business administration position is by being promoted from within the company, or getting an interview via referrals (networking).
The demand for professionals with a business administration degree is expected to rise in the next period, about as fast as the average for all occupations, according to the BLS. Still, some areas may rise their demand faster than others, so it all can vary according to the same factors as for the expected salary: the industry (or type of business administration specialization), your level of experience, the geographical area you work in and so on. This is how the job growth looks like for each of the business administration sub-domains, so you can get a feeling of what fields could give you a better chance of finding a job:
- Sales Management: about 5% job growth for the next years (a bit slower than average);
- Food Service Management: also 5% for the next years;
- Finance Management: 7% job growth, which as fast as the average for all professions;
- Human Resources Management: 9% job growth, slightly faster than the average;
- Marketing Management: also a 9% job outlook (pretty good odds of employment);
- Health Care Administration: an impressive 17% job outlook (growth) for business administrators in this sector.
What Position Can Business Administators Move Up To?
If you have a desire to grow within your company and get a higher position, there are several chief lead roles you can move up to. Here are a few choices:
Chief Operating Officer: manage other executives and oversee the workload in other departments such as sales or human resources.
Chief Information Officer: responsible for the technological advancement of the business, and integrates new technology and computer system.
Chief Financial Officer: manages the companies finances and oversees the businesses budget and financial goals.
Chief Sustainability Officer: Oversee policies and regulations to ensure the company is in compliance with certain regulations.
Operations Manager: Supervise daily activities for the business, such as making employee schedules, assigning tasks, and organizing projects.
What To Expect From A Business Administration Program?
Before you can think about landing a job as a business administrator, you first have to earn your degree. You can go to with a two or four-year college to get certified. Here are a few courses that you might take while in school:
Introductory Marketing Course
In this class, students learn the standard process of marketing to help businesses grow. Most of the subjects include how to identify target markets, evaluating customer patterns, developing products, and organizing promotion strategies.
Business Law Course
To successfully run a business, you must know about the legal system. Aspiring business administrators are taught legal guidelines and other topics such as trusts and estates, contracts, business partnerships, liability, bankruptcy, and the rights of employers and employees.
Microeconomics And Macroeconomics
Students are taught this subject in order to learn about the marketplace. This class focuses on supply and demand and productivity based on consumer behavior. They also learn about pricing techniques and economic growth.
Business Principles Course
This course teaches students how to be successful in several areas of business, such as marketing, finance, human resources management, and operations and planning. They also learn about corporate responsibility and ethics in law.
Organizational Behavior And Management Class
A company won’t be successful if the employees aren’t on the same page. This course explains how to maintain an organized environment and also how to examine human behavior and attitude. It prepares aspiring business administrators to manage others and control their team’s behavior.
Career Choices For Business Administrators
After reading this article, you might have a good idea of which industries are good to work in, but you might not know which positions are available. Here are a few choices:
Human Resources Specialist
Human resources specialists have a number of duties. The primary function is to interview and hire employees, recruit, and screen potential workers. They also handle tasks such as training, compensation, and employee relations. All these tasks include processing payroll and making sure the company is in compliance with state, local, and federal regulations.
Loan officers are responsible for evaluating and authorizing approval of applications for individuals and businesses. The primary duty is to verify the loan applicants finances, such as their annual earnings and credit scores. Plus, they look over the loan agreements to ensure they line up with state and federal regulations. You can find a job as a loan officer at banks, credit unions, and mortgage companies.
A sales manager supervises a businesses sales time and oversees revenue production. Their job is to set sales goals, create sales programs, and create training for sales reps. Furthermore, sales managers predict sales and assess the profitability of products and services.
Training And Development Specialists
Training and development specialists are dedicated to enhancing employees skills and knowledge by planning and providing training programs. Luckily, training and development specialists can find work in almost every industry, and they also spend lots of time with people. They do interviews, surveys, and consultations on a regular basis. Furthermore, it’s their job to write and edit training guides, online teaching modules, and other training courses.
A financial analyst gathers income releases, runs financial analysis, and makes monetary recommendations. They create an understanding of a particular company or industry and give presentations that translate their investment plans. Financial analysts work in two primary areas, as either a buy-side analyst or a sell-side analyst. Buy-side analysts typically work for a mutual or pension fund company in which they research and provide recommendations for the money managers. On the other hand, sell-side analyst work for either a brokerage or a firm that handles individual accounts. They make recommendations for the firm’s clients to buy or sell certain stocks
Business Consultants are often referred to as management consultants, and they assist businesses by offering ways to improve the companies efficiency. They help the managers by giving advice on ways to make the business more profitable through minimizing cost and increasing revenue. Furthermore, they put together a plan to execute improvements, recommend new systems, and discuss the outcome of the latest changes with the managers.
Market Research Analyst
A market analyst’s job is to assist a company by helping them understand their customers. They show them which products to sell and how to properly advertise those products. Market research analyst also create surveys and oversee the interviewers who do them. Plus, they review the research and provide the results to the management team. The good news is, market research analysts can find jobs in multiple industries and consulting firms.
Final Thoughts On Bachelors In Administration Jobs
Hopefully, this information provided you with everything you need to know about a bachelor in administration jobs. The good thing about this profession is how versatile it is. You can find work in so many different industries and various job titles. Not to mention, there’s a room for advancement and a higher salary. If you are considering going to college and you’re unsure which direction to take, getting a degree in Business Administration is your best bet. It will give you the flexibility you need to find a rewarding career once you graduate. Now that you know more about business administration jobs, do you think is the right career path for you?
Image source: here.
Get Your Degree!
Find schools and get information on the program that’s right for you.
Powered by Campus Explorer