Why you should study business administration – Business administration isn’t the most glamorous field of study, but it has many reasons to make you choose it over other majors, as well as reasons to make you stay in this major even after you graduate.
Business administration graduates are in high demand in today’s job market, which means you’ll have an easier time finding your first job and will be able to negotiate more competitive pay packages once you start working. These 10 reasons why you should study business administration will help you understand exactly what this degree can do for you and how it can help you live your dreams.
What Is Business Administration?
Business administration is a broad field of study with various roles and settings. But to keep it simple, people in this field work to ensure businesses are treading the right path. This includes all of the activities that are necessary to keep the business running smoothly. This can include tasks such as financial planning, marketing, and human resources.
A business administration degree is a versatile degree that can prepare you for a number of different careers. With a business administration degree, you will develop strong analytical and problem-solving skills, learn how to effectively manage people and resources, and gain an understanding of financial management principles.
Many business professionals often work for large corporations or government agencies in management positions. They may also work in marketing, human resources, or as financial analysts. Business professionals typically have a four-year degree in business administration. Some business professionals also have a master’s degree in business administration (MBA).
The urgent demand for business administrators by corporations won’t be deduced as every business has needs for individuals who can help manage its resources effectively.
Types of Business Administration Degrees
There are many types of business administration degrees available depending on your interests and goals. A few popular options include a Bachelor of Business Administration (BBA), Master of Business Administration (MBA), Associate Degree and Doctor of Business Administration (DBA). Each type of degree offers different advantages, so it’s important to choose the one that’s right for you.
1. Associate Degree
A business management associate degree can be completed within two years and it provides students with an overview of business principles and practices. The degree can lead to careers in a variety of industries, including healthcare, finance, and marketing. A business management associate degree can open the door to many exciting and rewarding career opportunities.
2. Bachelor’s Degree
A business management bachelor’s degree is a four-year undergraduate degree that provides students with the skills and knowledge necessary to pursue a career in business. The degree covers topics such as accounting, finance, marketing, and human resources. If you really want to pursue a business administration career, earning a Bachelor’s degree is your best bet as this is the minimum qualifications employers look for.
3. Master’s Degree
A business management master’s degree is a graduate-level degree that requires additional two years of advanced education and prepares students for careers in business and management. The degree provides students with the skills and knowledge necessary to succeed in management positions.
The curriculum of a business management master’s degree program typically includes coursework in topics such as accounting, finance, marketing, and human resources.
4. Doctorate Degree
The Doctor of Business Administration (DBA) is a professional doctorate degree that provides advanced training in business administration. The DBA is designed for experienced business professionals who want to take their careers to the next level.
7 Reasons Why You Should Study Business Administration
1. Our society is driven by economics
A sound understanding of business administration is essential to success in today’s society. By studying business administration, you will develop an understanding of how businesses operate and what makes them successful. Additionally, you will learn important skills such as financial management, marketing, and human resources management. These skills are essential in any career, whether you’re looking to start your own business or climb the corporate ladder.
2. Real-world Applicable Skills
Contrary to popular belief, a business administration degree is not all about bookkeeping and crunching numbers. Sure, those skills are important, but they only make up a small part of what you’ll learn. One of the best things about studying business administration is that you will develop a skill set that can be applied in the real world.
This is because business administration courses cover topics such as accounting, finance, marketing, human resources, and more. By studying business administration, you’ll develop a well-rounded skill set that will prepare you for a successful career in any industry.
3. Management skills are required in every industry today
The business world is constantly changing and evolving, so it’s important to have a strong understanding of business administration in order to fit certain sets of criteria. Studying business administration can help you develop strong critical thinking and problem-solving skills that are essential in any career.
Every industry needs managers and Business administration teaches essential management skills that are transferable to any industry. A business administration degree can lead to a variety of exciting careers.
4. The ability to lead and manage others
One of the most important skills you can learn from studying business administration is how to lead and manage others. This is a highly sought-after skill in the business world, and one that can help you advance your career.
Being a successful business administrator requires excellent leadership skills. You will be able to motivate and inspire your team to achieve common goals. As a business administrator, you will also be responsible for making important decisions that could make or break the company.
You will acquire critical thinking and sound decision skills even under pressure. If you want to be a successful business administrator, you need to hone your leadership skills.
5. It opens doors for bigger, better opportunities tomorrow
A degree in business administration opens the door to a variety of career paths. It will give you an edge over other job applicants who don’t have a business degree.
Whether you want to work in management, marketing, finance, or even start your own business, studying business administration will give you the skills and knowledge you need to be successful. Plus, with a degree in business administration, you’ll be qualified for many high-paying jobs.
6. Competitive Salary
A business administration degree can lead to a variety of high-paying careers. The median annual salary for business and financial occupations is $76,570, according to the Bureau of Labor Statistics (BLS). That’s nearly double the median salary for all occupations, which is $45,760.
And it’s not just the top earners who benefit. The BLS reports that business and financial occupations are projected to grow 8 percent from 2020 to 2030, faster than the average for all occupations. So if you’re looking for a well-paying career with good job prospects, a degree in business administration could be a wise choice.
7. Networking
One of the main reasons you should study business administration is for the networking opportunities. Because, in business, your network is your net worth.
By studying business administration, you will be able to network effectively with other like-minded individuals and create relationships that could benefit you in the future. The connections you make while studying business administration could lead to job opportunities, mentorships, and more.
Conclusion
A business administration degree is versatile and can lead to a variety of different career paths. With a business administration degree, you will develop strong analytical and problem-solving skills, learn how to effectively manage people and resources, and gain a deep understanding of how businesses operate.
You will also have the opportunity to specialize in a particular area of interest, such as marketing, finance, or human resources.
Hope this list of 7 reasons why you should study business administration will fuel your passion to start your journey.
REFERENCE
- Marketbusinessnews.com – What Is Business Administration?
- Cbs.de – Reasons Why You Should Study Business Administration
- Bls.gov – Business Administration Median Salary
- Business-management-degree.net – Types of Business Administration Degrees
Read Also:
