From mom-and-pop shops to multi-billion-dollar corporations and beyond, business and entrepreneurship are essential to the international economy and the very essence of the American dream.
Whether you’re a prospective student seeking a certificate in business administration, a learner pursuing an associate degree in business, or a future entrepreneur enticed by a business administration bachelor’s degree, global businesses are growing by the second, and the future for business grads is bright.
If you’re researching how to use a business degree, read below to find four ways business administration alums advance their business acumen and boost their professional careers.
1. Strengthening Business Credentials and Skills
Advancing your education is a foundational building block to establishing authority and professional expertise. Examples of business skills further developed and enhanced during a business administration education include:
- Effective negotiation
- Leadership and team motivation
- Project management
- Public speaking, and
- Work ethic
Advantages of an Associate Degree in Business Administration
An associate degree in business administration includes classes in accounting, budgeting, customer relations in a multicultural world, management, and more!
Students enrolled in an associate degree in business administration also typically build business plans that align with their aspirations and engage in practical business internship experiences.
Gaining a firm understanding in focused areas, business students at Goodwin University get to choose from three business concentrations: entrepreneurship, human resources management, or manufacturing management.
The Benefits of Earning a Bachelor’s Degree in Business
A bachelor’s degree in business administration enables graduates to expand their horizons.
Those who earn a bachelor’s in business administration increase their industry knowledge by studying a comprehensive curriculum. More in-tune to themes of entrepreneurship, a bachelor’s degree in business administration at Goodwin covers essential topics like:
- Analyzing case studies
- Business law and ethics standards
- Conducting research on business markets
- Customer relations
- Management, and the significance of sales
- Marketing and social media
- Principles of finance
- Strategic planning, and more!
By the conclusion of business administration programs, graduates are aptly prepared for their profession. With the talents to evaluate external business factors from a local to global level, business administration graduates implement data-based decision making and are well prepared to respond to potential business challenges and obstacles they encounter.
At Goodwin University, you can earn your associate or bachelor’s degree in Business Administration.
2. Empowering and Enabling Continuing Education
Career-focused institutions like Goodwin University design flexible business administration programs so working students can make their postsecondary goals possible.
Through user-friendly academics available in the digital age, college students are encouraged to continue their education—whether in the classroom or at their kitchen tables.
With accelerated, online, and on-campus options offered during the day, evening, and weekends, Goodwin students are empowered to earn college credits on their schedule, and at their convenience.
Online learning and financial aid opportunities open doors for students who previously encountered barriers to completing their business administration degree. In fact, workforce-ready schools like Goodwin University award over $2 million to students annually. Learners earning their bachelor’s degree in business administration at Goodwin are also eligible to receive a business scholarship for up to 30% off of tuition costs.
In addition to convenient courses and a variety of financial aid opportunities, business administration programs provide the opportunity to hone pivotal networking skills alongside fellow students, mentors, professors, and recruiters who share similar business interests.
With access to business experts in the field and at career services, educational institutions provide students with a unique opportunity to continue their education and make a career pivot at any stage of life.
3. Gaining Specialization and Advancing Employability
For prospective students who are interested in business but don’t know where to begin—majoring in business administration can be an exploratory experience that helps to narrow a broader interest in business.
Booming in Business: Industries and Individual Roles
Rewarding roles for business administration graduates await in industries including corporate, education, manufacturing, not-for-profit, state and federal positions, and more!
Properly applying a business education can enrich career credibility and lead to a variety of specialized professional options including:
- Accounting — Accountants and auditors, tax professionals
- Business Management — Consultants, operations, or sales managers
- Economics — financial analysts, investment bankers,
- Finance — commercial or finance executives, budget analysts
- Human Resources —Training and development specialists
- Marketing — Public Relations specialists or research analysts
Along with the increase in professional opportunities, business administration graduates at every level have a higher earning potential with each educational endeavor achieved.
Moreover, the median annual wage for business administration occupations in 2021 was $76,570 — over $30,000 higher than the national median average for all occupations, as detailed by the United States Department of Labor.
4. Demonstrating Commitment For An In-Demand Degree
Completing a business administration degree signals to employers and potential investors that the candidate is dedicated and diligent towards their professional pursuits.
The National Center for Education Statistics shows just how many students are recently pursuing a business degree:
- The NCES specified that from 2010 to 2020, the completion of bachelor’s degrees in business increased by eight percent (from 358,100 to 387,900).
- During the 2019-2020 postsecondary school year, the National Center for Education Statistics reported business as the most common bachelor’s degree earned by each racial and ethnic group.
- In 2020-2021, the NCES identified that out of one million associate degrees earned that academic year, 116,100 diplomas were awarded in field of business.
- Of the two million bachelor’s degrees conferred in 2020 – 2021, the NCES detailed 391,400 degrees held were in business sectors.
Furthermore, according to the U.S. Department of Labor Statistics, business occupations are also projected to grow seven percent from 2021 to 2031, resulting in 715,100 new jobs over the decade, so there is strong demand available to meet the growing supply of business degree graduates.
Are you ready to make a meaningful difference with a marketable degree? Consider honing your skills, continuing your education and building your network, gaining specialization and demonstrating your passion and dedication by earning a business degree today.
Learn more about the promising business administration programs at Goodwin!