What Is a Business Administration Degree
What Is a Business Administration Degree?
There aren’t many areas of study as varied as the field of business administration. People with a background and abilities gained in this field will be able to find plenty of employment opportunities. Organizations and companies of all sorts and dimensions depend on professionals with a solid understanding of business practices to ensure that things run smoothly at all levels from the management of finances and production to and logistics.
What is Business Administration?
Let’s first identify the study area itself. What exactly is business administration? In a field that is so vast, it’s difficult to define succinctly. If we’re trying to find an exact definition, the dependable Merriam-Webster dictionary describes it as: “a program of studies in a college or university providing a general knowledge of business principles and practices.” Fun fact: The word “business administration” was first utilized in 1904 as per Merriam Webster! This suggests that from that time when the term was invented, “business administration” was closely linked to education.
What is “business” itself? The answer is pretty simple however let’s take a closer look. The dictionary defines the word in various ways. The ones that are the most relevant to the degree program might be three of these:
A mercantile or commercial activity that is used as a source of earning a living.
An industrial or commercial company.
Transactions and transactions, particularly in the field of economics.
The definitions sound straightforward However, it’s interesting to see that in an area with so many job opportunities, they really come down to a handful of basic principles. And this is the core of the lessons you’ll be taught when studying business administration.
What is a Business Administration Degree?
After we’ve learned the basics of business administration It’s fairly clear what it is that you need to know about this field. The basic idea behind the business administration degree programs concentrates on the management aspects of an organization — as well as its employees and processes.
Business administration degrees can be obtained at various levels, each increasing the range of knowledge, skills, and ideas as they advance. A bachelor’s diploma in the field of business is expected to take around two years to earn and will prepare students for entry-level positions within the business world, including sales, customer service administration support, retail management.
An undergraduate degree that is traditional in business, like the National University’s Bachelor of Business Administration (BBA) will prepare students for a variety of careers and industries and we’ll explore these in greater detail in the next article. Students who have a BBA or a related degree might decide to move on to an MBA degree. The MBA or MBA, as it’s popularly known, is thought of as the highest-level qualification in the field of business. Finally, if research or business education is something you’d aspire to, there also are doctorate programs in business administration-related areas.
Can I Get a Business Administration Degree Online?
In the modern world of connectivity and achieving the business administration degree online isn’t just possible, and for many adults working, it’s becoming normal. The flexibility of this type, of course, helps people balance their personal and professional lives and their studies. While there’s still a lot to learn and lots of work to complete, however, the flexibility of pursuing an online degree allows students to study in their own schedules.
For instance, at National University, for example, you can obtain a Bachelor of Business administration degree from home, enrolling in one course at a time, every four weeks. It’s not just the online method of learning convenient, but having only one class per moment also gives you a more focused focus. This is something that students who have a full-time life beyond school will definitely appreciate.
If you are also interested in studying in a classroom it is important to know that many schools allow students to switch between classes on campus and online. This lets you take the online class when it suits your needs at the moment and also gives you the possibility of having face-to-face interactions on campus in the event that your schedule is flexible.
Another attractive aspect of online classes is that when you are enrolled in an accredited school such as National you will be able that you will receive the level of instruction and significant interaction as students who attend on campus.
What Will I Learn in a Business Administration Degree Program?
Since this kind of degree could lead to many possibilities, it’s essential that you have a solid knowledge of the subject. Once you’ve finished, you’ll quit a reputable business administration degree, whether online or at a campus with a comprehensive education, which includes both soft capabilities (like communication and leadership) as well as hard capabilities (technical skills).
The majority of BBA programs offer a series of core courses required by BBA programs that cover topics such as:
If you dig deeper into the BBA program similar to National’s there are courses in the form of a standalone course or integrated into other classes that focus on global business ethics, ethics corporate social responsibility, and leadership.
Another way to gain first-hand knowledge about managing an enterprise (or the aspects of running a company) is to gain practical experience. A lot of BBA programs have an internship requirement and the capstone project, which combines everything you’ve learned. A lot of classes will also cover scenarios and case studies as well as other real-world scenarios that give you an overall and detailed study of the world of business and what to anticipate when you enter the workforce.
What Else Can I Learn in a Business Administration Program?
A lot of business administration programs give students the option of choosing an area of specialization. This means that along with the core classes similar to those discussed in the earlier section, you’d be required to take classes within a particular sub-area of business. For instance, National University’s BBA provides concentrations in accounting and entrepreneurial law, business law and finance, human resource management managing projects and marketing along with other dispute resolution options.
Concentrating on this area could give you an edge when you’re preparing to enter your job search. It’s also an effective way to make you more knowledgeable in particular areas; additionally, it’s a way of it can help you pinpoint the things you’d like to accomplish during the day or what kind of company you’d like to join.
Project management, for instance, is a field that is rapidly expanding within the business. Manager positions at all levels are frequent in tech companies as well as significant roles in the field of consumer goods and manufacturing. Apart from concentrating on this area within the course of a degree and pursuing a master’s degree, you are able to get professional certifications which will further show your skills and, consequently, increase your credibility and earnings potential.
Marketing is a different area of focus that can play a role in defining roles within an organization. This particular area of focus will comprise courses that will allow you to stretch your creative muscles including public relations and advertising. However, since the efforts in this field are usually founded on market research such as consumer behavior, trends, and sales, the courses in this area will also focus on techniques and tools to assist in the process of making decisions and analyzing. Also, in the global economy of the age of the internet marketing-related concentrations are likely to encompass subjects like e-commerce, digital marketing, as well as international markets.
Let’s take a look at another popular industrial area of concentration that is entrepreneurialism. Many individuals may want to pursue a degree in business administration, not for the sake of stepping into the world of business however, they want to either start their own business or to contribute in a larger capacity to a family-owned company. Entrepreneurship is a fascinating field filled with innovation. The courses specifically designed for this focus will cover subjects such as business concepts as well as legal structures as well as succession planning, finance, and marketing.
A concentration added to your BBA is a great way to gain knowledge about a subject that you are interested in and, perhaps more importantly, it allows you to be noticed.
What is the Demand for Business Professionals?
It is estimated that the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) estimates that the financial and business professions will increase by 10% over the coming decade that is higher than the median for all occupations.
According to BLS, BLS, several factors contribute to this increased demand, including globalization, new markets, more complicated tax and regulatory frameworks globally, as well as the increased usage of big data and other forms of marketing intelligence. Based on the changing areas of enterprise, it’s probable that accounting auditing, market analysts’ positions are among the most rapidly growing segments in the entire financial and business field. Actually, the BLS estimates that the demand of market researchers to rise by 23% in the coming decade which makes it one of the fastest-growing professions in the world.
Organizations and businesses of all sorts are looking for workers who have the skills acquired through business administration programs However, a handful of industries particularly have a higher number of individuals in finance and business. These categories are defined by BLS as managing of enterprises and companies as well as the executive branch of the federal government accounting and bookkeeping, tax preparation and payroll services administration of technical and scientific consulting services; as well as credit intermediation and other related services.
This rising demand is the reason so many are trying to obtain on-site or online degrees that concentrate on business administration.
What is a Business Administration Degree Student Qualified to Do After Graduation?
When most people imagine getting BBA degrees accounting and finance-related jobs are likely to be the first thing that comes to thoughts. Of course, these are precisely the fields of business that many BBA students wish to pursue. But it is true that the field has developed and diversified throughout the years. In addition to business administration education, it has also changed.
A degree in business administration is a highly versatile educational credential. Simply said, no matter the sector or size of the company there are always posts that relate to the concepts as well as the skills and knowledge that are acquired in the business administration course. As mentioned in the previous article, graduates are frequently capable of further tailoring their learning experience by opting to focus on a particular sector of business. This additional expertise can give them an advantage.
There are jobs for BBA graduates in various areas within a firm or even a non-profit organization as well as in other industries that go beyond insurance, banking, and finance companies:
Development and research.
Business Administration Degree Career Options
In the previous article, we discussed some departments or divisions of a business where the BBA graduate could be able to be employed. We’ll now look at some particular types of jobs and then explore some of them in greater detail. Then, let’s look at some general titles for jobs in business administration:
Personal financial advisor.
Analysts for market research.
A loan agent.
Specialist in training and development.
Manager of purchasing.
Let’s examine some of them which are in high demand in greater detail. Financial analysts aid businesses in making investments and other decisions that affect the bottom line The demand for professionals with these qualifications according to the BLS is projected to increase by 11%, which is more than the average job. In order to enter the sector, apart from having a BBA degree, applicants must possess good analytical, communication decision-making, computer abilities.
A loan officer is a different occupation in which BLS expects to grow at an increase of more than average and also at 11% for the next ten years. The projected growth in this sector is due to the economic boom and more people seeking to fund their personal and professional expenses. Alongside gaining business expertise and experience from an academic program, having good interpersonal skills can be useful in this area.
Personal finance advisors can expect more than the average growth rate of 15 percent over the next 10 years. One reason is the fact that the number of people reaching retirement is growing. In conjunction with that, the rising life expectancy will also increase the necessity for personal financial planning.
Specialists in training and development are found in almost every field This is the reason the BLS also expects this job to increase by 11% over the next 10 years. BBA applicants who are attracted to human resources might consider this field of business rewarding.
What is a Business Degree Administration Degree Graduate’s Earning Potential?
Beginning salaries for any position will depend on several factors, including the level of education, length or nature of experience previously gained, the location, and the industry. The BLS however, is able to provide research on national averages for various posts that are under its finance and business umbrella.
Here’s a look at National and California (National The University’s state of residence) averages for some of the positions previously discussed:
Human resource specialist
Market research analyst
Personal financial advisor
Specialist in training and development
In almost every area, the potential for earning increases when you have more experience, excellent performance, and further qualifications or education. Let’s look at one of the educational opportunities that can help you advance in the field of business.
Continuing Your Education: Business Administration Degrees at the Graduate Level
A lot of people who have an associate’s diploma in the field of business administration, or in a related field of business go on to complete a master’s in management (MBA). They can choose to go straight into the MBA degree or decide to pursue their studies after a period of time. In either case, obtaining this degree in professional can help them move upwards within the field and it’s usually required to be considered for top positions in companies.
A lot of MBA programs, like National’s, provide an online option for completing the degree. It gives people who are already within the industry the freedom and flexibility they’ll require to further their studies. Alongside the standard MBA, some schools also provide specializations in supply chain management, marketing accounting, or supply chain management. A master’s in business administration degree on the internet (or on-campus) is a great option to develop and progress on the subject.
What is a Business Administration Degree Program’s Faculty Like?
In the previous article, we talked about how adaptable the business administration degree can be. This implies that the faculty of a particular program will likely have professional and academic experience from a range of positions and fields in the classroom. At National University, you’ll take classes from a variety of business leaders who have years of working experience within their particular job. The faculty includes economists, accountants, medical administrators as well as many others. You’ll also find professionals and professors with experience in fields such as but not only law, healthcare as well as logistics, consumer behavior banking, marketing international trade, leadership in organizations as well as agriculture, information technology, and the broadcasting industry.
What began as a basic response on “what is a business administration degree?” at the beginning of this article morphed into a deeper exploration of possibilities in business administration which shows the wide-ranging nature of this field of study. It’s not surprising that a BBA, as well as an MBA, could lead to so many different career options.
If you’re looking to begin or expand your work experience in the field of business, National University can help. Check out the Bachelor of Business Administration program page to find out more information or get in touch with us to inquire about information.