If you’re considering launching a business career or evaluating a career change, you may be wondering — is Business Administration a good degree — or even — is a Business Administration degree worth it?
The direct answer is YES. Business Administration is a good degree that’s marketable for nearly any profession, and the experience is well worth the time, effort, and training required. When it comes to a graduate’s return on investment, Business Administration graduates of associate and bachelor’s programs are prepared for high-paying careers significantly above the nation’s average salaries.
A Business Administration major pinpoints the professional elements that make organizations run effectively, efficiently, and sustainably. Business Administration programs also instill vital management skills and prepare tomorrow’s leaders. The foundational business knowledge gained in these programs can be applied to various career sectors, setting graduates up for substantial job security and long-term career success.
Still wondering, “Is Business Administration a good major, and is it right for me?” Read on to find out some of the top benefits of a Business Administration degree.
A Well-Crafted Curriculum for Future Business Careers
If you’re curious about what students learn in business school, below are a few common principles taught in most Business Administration programs.
Courses in Business Administration encompass accounting, budgeting, business law, customer relations, economics, finance, and management. Classes also emphasize ethics and apply data analytics to solve problems and find innovative solutions. Business Administration graduates are usually required to craft business plans and pursue internships prior to graduation.
Associate vs. Bachelor’s Degree in Business Administration
An associate degree in Business Administration typically covers all the topics mentioned in the section above. The curriculum is designed to equip students with fundamental business knowledge, that they can apply to entry-level careers where accounting, planning, business law, and management skills are valued (so, just about any profession or industry!).
However, a bachelor’s degree in Business Administration offers a more advanced curriculum. Classes dive deeper into the field, offering additional education in business research, entrepreneurship, e-businesses, marketing and social media, strategic planning, and more. Business Administration majors pursuing a BS degree often benefit from more career opportunities and higher salary potential, due to the added investment in their education.
Transferable Skills Learned as a Business Administration Major
Business Administration majors also study the below soft skills needed for networking success.
- Analytical decision-making — Business Administration graduates have the competence to use qualitative and quantitative data to make sound business decisions at all levels of an organization
- Interpersonal communication — Professionals who studied Business Administration know how to effectively exchange information and understand the verbal and non-verbal messages of others. Business Administration graduates also have the confidence to explain their ideas, passionately persuade others, pitch products, and develop strong partnerships
- Teamwork — Business Administration alumni assertively build and collaborate with inclusive teams. Those who studied Business Administration also triage tasks to accomplish organizational goals with optimal productivity
A Cohort of Connections in Business School
As a Business Administration student, you will meet like-minded peers who share similar interests. In addition to creating friendships with your classmates, you will also have a new professional support network.
Professors can help you set and accomplish career goals, identify potential job opportunities, or provide imperative recommendations. Business Administration students may also meet prospective employers through internships and career networking events.
Career Field Flexibility
If you’re wondering why you should go to business school or study Business Administration, a crucial reason is that the career options are abundant.
The good news is that Business Administration majors aren’t forced to enter a particular job once they graduate. If they want to experiment in a specific career, or even launch their own business, they can do so most of the time without needing to earn an entirely new degree.
If former Business Administration students wish to opt for a more convenient career, the sector will likely have flexible remote jobs available, as many positions can be completed from home.
From entrepreneurial startups to major corporations, the following list is just a few career fields you can enter with a Business Administration degree.
- Accounting
- Administration
- Consulting
- Finance
- Human Resources
- Insurance
- Management
- Manufacturing
- Marketing / Public Relations
- Publishing
- Sales
- Technology
Business Administration Majors are In Demand
Expanding markets and rising regulations make accountant and auditor expertise in demand. Also, with data analytics and market research used to evaluate business strategy and customer needs, people with Business Administration backgrounds are increasingly pivotal to organizational success.
It is no wonder why Business Administration tops the list of majors that are in highest demand among employers.
Furthermore, the Bureau of Labor Statistics projected business and financial occupations to grow eight percent from 2020 to 2030 — adding around 750,800 new jobs over the decade.
The Salary Advantage for Business Administration Majors
Professionals who studied Business Administration can expect a salary beyond the national average. As of May 2021, the median annual wage for business and financial occupations was $76,570 — much higher than the median yearly wage for all disciplines at $45,760. As a bonus, Business Administration graduates also have the opportunity for advancement within just a few years.
The possibilities that an education in Business Administration provides are endless. Whether earning an associate degree or a bachelor’s, Business Administration majors will find their degree worthwhile and respected in the workforce. After they cross the commencement stage, Business Administration graduates take all they’ve learned and go on to lead personally satisfying and financially rewarding careers.
Are you interested in becoming a bold business leader? Click here to learn more about the Business Administration programs at Goodwin University.