Career Paths For Business Administration

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Gain Relevant Career Experience Before Graduation

Career Pathways to Executive Management (the full video)

Its a classic catch-22, employers want a worker with experience, but you cant get experience until you have a jobbut how do you get a job without experience? Luckily, many schools offer co-op, internship and practicum opportunities in business administration. These opportunities can be invaluable for your future career.

Other than gaining valuable on-the-job work experience, these opportunities have many benefits:

Meeting other who have similar professional interests

Having a chance to meet others with the same career interests as you is a great opportunity, especially while youre still a student. In work experience opportunities you have the chance to see business administration professionals operate on daily basis you can ask them what it is they like about what they do, and you can learn how they got where they are.

Making your own conclusions about a career in your field

Have you heard that working in Human Resources requires outstanding people skills? Have you been warned not to pursue a career in paper sales because its a dying industry? Gaining experience in the field before you graduate can help you either prove or disprove such rumors, and even if theyre proven, you may have such a passion for what you are doing that you may decide thats where you want to be anyway.

Getting your foot in the door with an organization

What Is The Difference Between Business Administration And Finance

A business administration degree, such as a bachelor of business administration or a bachelor of science in business administration , generally offers a broad grounding in the world of commerce. In addition to analytical skills, a business administration program may focus on interpersonal or soft skills to a greater extent than a finance programme.

A Bachelor of Science degree in finance tends to be more specialized, with a greater emphasis on investments and the workings of financial institutions. In addition, finance students may drill deeper into topics such as corporate and global finance, and a finance degree program may address hard skills such as financial analysis and accounting.

Benefits Of Getting A Business Degree

Whether you are considering a business or business management degree as a student or as an employee seeking career advancement, earning degrees in this field can have several benefits including:

  • Potential for promotion in a shorter amount of time

  • Become a better, more knowledgeable leader

  • Salary increases

  • A better understanding of strategy and operations

  • Easier transition into new careers

  • Increase your and your teams job performance

  • Develop specialized skills that apply to most industries

Read more: Is a Business Degree Worth It?

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What Can I Do With A Bachelors Degree In Business Management

Typically, graduates with a bachelors degree in business management handle more sensitive and important tasks than those positions held by people with associate degrees. And, there are many lucrative options .

Research analysts employ data analytics to prepare reports for various business-related aspects, especially financial ones . They look at various markets and analyze trends in order to create strategies to improve their firms profitability. They usually work with other departments from marketing to finance. A bachelors degree is required for entry-level positions.

Average Annual Pay: $65,815

Product Manager

They work with project teams to ensure the success of a product or service in a particular area. They make internal product reviews to find ways to improve the products for customers. They coordinate their teams efforts and manage the progress of the project. Many technology companies have product managers to do just that. Companies require a bachelors degree and prefer relevant experience.

Average Annual Pay: $96,022

Actuary

What Is The Difference Between Business Management And Administration

A Career path for a Business Analyst

There is a difference between administration and general management, but it happens to be very subtle. A business management degree will focus more on planning and organising, whereas a degree in business administration will provide learners with a broad background and then allow the student to focus on a specialised area of business.

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The Bemidji State University Advantage

  • Our business graduates get jobs .
  • Internships that help you decide on your career pathways.
  • Merit-based up to $10,000 and departmental scholarships.
  • In-state tuition for all students.
  • Low cost of tuition, $4,902 per semester vs $16,205 for a private 4 year college .

Below are some examples of viable career options with a business degree, included are links to the U.S. Burea of Labor Statistics where you will find more information about each careers outlook!

S To A Business Administration Career

Choose a degree.

There are two undergraduate degree options for business administration professionsan associate and a bachelor’s degree. An associate degree will help you jump into a career and cost less. However, a bachelor’s is the minimum for many business administration roles, and you’ll like need one to move into management.Associate degree: It takes about two years to complete and focuses on business basics with introductory courses in a range of business subjects.Bachelor’s degree: A four-year business admin degree will give you a deeper foundation. If you know what field you want to pursue, you can pick a concentration such as financing, accounting, healthcare administration, or project management.

Choose a program.

Complete prerequisites and earn admission to a program.

Admissions requirements will vary depending on the school and degree you choose. For instance, while you’ll need a high school diploma to enter an associate or a bachelor’s program, a bachelor’s program is more likely to have GPA requirements. Bachelor’s programs are also more likely to ask for: SAT and ACT scores

Human resources manager

Boost your credentials with a certification.

Pursue advanced opportunities.

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Job Opportunities For Finance Majors

Earning a degree in finance allows you to venture into various finance-related fields. Some of the job opportunities available to you with this type of degree include financial analyst, financial manager, management analyst and personal financial adviser. Take a look at these job opportunities for finance majors:

What You Can Expect To Learn

Careers for Business Students (and what they pay)

Students can earn an associate, bachelor’s, masters, or doctoral degree in business administration. With an associate degree in business administration, you can expect to learn the foundations of business knowledge needed to efficiently work entry-level business jobs. Bachelor’s degrees equip students with a strong understanding of business fundamentals, management principles, and the interpersonal skills needed to thrive in the business world. Master of Business Administration programs prepare students to operate in a variety of different roles, with most being management positions. Doctorate programswhich grant either PhDs or DBAs require candidates to write a dissertation which involves doing independent research.

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Bachelors Degree In Business Administration

You will have better job roles with a bachelors degree in business administration. You will come away with a better grasp of business management principles and application, as well as interpersonal skills. As a student, your program could include core business subjects like general business administration, accounting, economics, finance, , and ICT. Others include logistics, human resources, international business and organizational behavior. This will make you better equipped to tackle broader job roles because there is so much to business than managerial roles.

A curriculm in business administration teach students to focus on strategic planning, create organizational values, and master principles of finance. Students learn about real world business scenarios to gain knowledge of the business world.

With your skills and knowledge, you can work across sectors in private, public, and non-profit organisations. Your job roles could be as a business analyst, operations manager, human resource manager, or marketing specialist. You could also find enough space as an entrepreneur, building your own business from the scratch.

It only takes 4 years to complete a bachelors in business administration. You may need to complete an estimation of 120 course credits. Accounting, business law, finance, management, and marketing are compulsory courses you must take, not forgetting that there are some elective courses involved. However, the electives are based on your chosen institution.

Fnu Business Administration Associates Bachelors And Masters Degrees

At FNU, our business administration programs are fully-accredited and our Associate of Arts, Baccalaureate and Masters in Business Administration programs are nationally recognized.

For both the Associate and Baccalaureate degrees, some of the classes you will take as upper core requirements include Principles of Accounting, Business Law, Microeconomics, Marketing, etc.

In consultation with your college counselor in your department, you can take upper-level electives from FNUs broad selection of classes in other related fields, the recommended electives that will serve you best in a career in business administration include:

  • Business Research Methods
  • General Management

At this level, students can delve profoundly at a superior level in topics such as Health Informatics, Managerial Financing, Corporate Financing, Health Care Law & Legislation, Services Marketing, Consumer Marketing, Contemporary Project Management, Federal Taxes, and Management Decisions.

If you start with an Associates Degree, your career may start as a specialist or technician managers are more likely to hold Bachelors degrees, while MBA graduates can become directors.

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Business Administration Job Openings

When you search LinkedIn for business administration jobs, you are bound to find more than 125,000 listings at any given time. Among them, there may be jobs posted by federal government agencies, which may require you to obtain a security clearance. The bottom line of business administration degrees is that they can get you jobs.

Determining Which Degree Is Right For You

Business Management Career Pathways

Choosing a finance degree versus a business administration degree can be difficult because of how closely these two fields are related. Both of these degrees provide you with skills that allow you to work in the business world, but they prepare you for different careers.

When you choose to earn a finance degree, you’ll learn about the financial side of business, which means you’re more likely to get a job in the accounting department, while a business administration degree allows you to choose a career in many different fields. For example, you can work in a company’s human resources department, where you’ll hire and train new employees, or you can work as a business manager, overseeing many people and reporting to the CEO. Both degrees provide you with valuable skills in a variety of business subjects.

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What Can I Do With A Bachelors Degree In Business Administration

Loan Officer

Loan officers evaluate loan applications either from individual clients or businesses. Their job responsibilities include collecting document requirements from loan applicants, verifying their details, and assessing whether they are qualified and have the capacity to pay back their loan. The work of a loan officer will also entail skills in customer service since they deal with different types of clients on a daily basis. It is also important for them to have technical skills in using underwriting software and other digital tools for processing loans.

Median salary: $63,960

Median salary: $65,810

Human Resources Specialist

Human resources specialists are mainly tasked with the recruitment of workers for an organization or agency. They use a variety of methods to accomplish this task, such as interviewing applicants, finding candidates via social platforms and networking, or screening databases on job sites to shortlist and contact potential candidates for the position they need to fill. Human resource specialists must also be skilled in using technology tools in recruiting, such as benefits management platforms and Human Resource Management System .

Median salary: $63,490

Business Administration Career Paths

Along with factors like program cost and length, on-campus requirements, and accreditation, students should weigh available concentrations or specialties and how these options may affect their available career paths. Many students — even at the undergraduate level — tend to know the business administration careers they want to pursue.

To prepare for their target career, a student should select a concentration that matches their professional aspirations. Check out the following list of specialties, which contains traditional and modern business career pathways.

  • Collapse All
  • Expand All

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What Else Can A Business Administration Major Do

Operations Research Analyst

Operations research analysts help organizations solve problems by using a variety of mathematical and analytical methods. The job outlook for this role is projected to grow by 25% from 2019 to 2029, much faster than the average for all occupations . Operations research analysts can work in sectors like logistics, healthcare, and manufacturing. Their most common duties include gathering data related to a problem or area they need to improve, using predictive modeling to analyze information and develop practical solutions, and writing reports explaining their findings.

Health Services Administrator

Health services administrators are responsible for planning and coordinating medical and health services. This occupation is estimated to grow 32% from 2019 to 2029, making it a very in-demand job relative to other occupations with 4% growth for the same period . Health services administrators might involve managing an entire health facility or only a specific clinical area, department, or medical practice for a team of physicians. Some of the common tasks they do include managing patient fees and billing, preparing budgets to make sure departments operate within their funds, and creating work schedules for employees.

What Is The Job Description Of A Business Administrator

What Are the Benefits of Studying Business Administration?

Business Administrators complete organizational and management tasks that support the productivity and growth of an entire organization and its individual departments or teams. They often have the following responsibilities:

  • Plan strategies for streamlining and improving business operations
  • Reorganize or hire staff to expand operations in collaboration with human resources teams
  • Handle business finances and plan the budget with the help of finance and accounting leaders and team members
  • Oversee marketing and promotions for a companys products and services, collaborating with marketing, advertising and public relations teams
  • Negotiate vendor contracts to identify cost-saving opportunities

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Accounting Careers With An Mba

One of the most popular MBA career paths leads to positions in accounting, whether as a certified public accountant or as an accountant or senior accountant working in the finance or accounting department of a business. MBA accounting careers typically focus on specific functions:

  • Reconciling bank and credit card accounts monthly, quarterly or annually
  • Conducting annual financial audits to find income statement variances
  • Communicating financial results to management
  • Preparing and analyzing department and company budgets
  • Documenting financial transactions
  • Providing information in support of financial decisions
  • Making financial systems and procedures more efficient
  • Ensuring that the company complies with all federal and state tax regulations

Three specific accounting positions that MBA degree holders may qualify for are financial accountant, management accountant and tax accountant/internal auditor.

Advertising And Marketing Roles

Advertising Executive: You do not have to specialize in marketing or advertising to handle the accounts of clients who need promotional work professionals with business degrees are often hired for this purpose and they can also oversee internal marketing efforts. Vendors of goods, for example, Rooms to Go furniture store, or Ikea, need to stay very visible and competitive to reach consumers and target the right advertising channels. This is something that calls for the organizational and analytical skills of business majors.

: A market research analyst helps a company understand who their customers are, what products they should be selling, and how they can successfully promote those products.8 Market research analysts often design surveys and train and supervise interviewers who conduct the surveys. They then analyze the research and report the results to management. Market research analysts work for employers in a variety of industries and for consulting firms.9 According to the U.S. Bureau of Labor Statistics, job opportunities for market research analysts are projected to grow by 19% between now and 2024

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Accounting Information Systems Auditor

The role of accounting information systems auditor focuses on examining the accuracy and effectiveness of business information systems, including their built-in controls, data processing features, data integrity, security, operation and maintenance. Those in the position require both a general business background, such as that provided in an MBA curriculum, and training in specific information technologies, including statistical modeling, SQL and other database management tools, and systems analysis and design.

The data audited in accounting and finance information systems includes sales orders, billing statements, vendor invoices, purchase requisitions, inventory data, general ledgers, payroll accounts, timekeeping data and tax information. One goal of the audits is to ensure that sensitive customer information is protected, such as Social Security numbers, salary and personnel data, company financial information and data provided by vendors and suppliers.

PayScale reports that information systems auditors have a median annual salary of about $69,000, according to June 2021 data. The median salary of information systems auditors with less than one year of experience is approximately $57,000, while the median salary of those with 10 or more years of experience is around $90,000.

What Is Business Administration

Career Path Example

Before we dive in to the many career paths you can take with a business administration diploma, lets run through a quick overview of what a business administration diploma program is. No matter where you are or where you choose to study, business administration diploma programs will typically cover the same curriculum. Like mentioned above, business admin programs prepare you for a variety of jobs in the business sector. Youll learn all the essential business fundamentals that are relevant in todays workplace.

Below is a list of the scope of what you can learn in just under one year if you choose to take the Business Administration Diploma Program at Robertsons School of Business.

  • Gain a comprehensive overview of Canadian Business and learn the fundamentals of the Canadian economic system
  • Learn the fundamentals of marketing, sales, human resources, entrepreneurship, social responsibility, and accounting
  • Gain an understanding of the legal system in Canada as it relates to business and commerce
  • Be prepared to communicate effectively in the business setting with emphasis placed on professional written and verbal communication
  • Experienced business instructors provide practical skill-building and mentorship to students as they work towards their career goals
  • Be trained in office procedures and business communications, learning to use business tools such as Microsoft Office

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