A Helpful Guide to a Business Administration Degree

The business administrationdegree offers a wide range of opportunitiesincluding different managerial positions. Startup businesses and big companies both require skilled administrators. And according to Forbes, there are an estimated 28 million private and closely-held businesses in the US alone. In other words, business administration is a flourishing field.

A Step Towards Business Administration

There’s a greater chance that you will survive in a high-powered companyif you are motivated, enterprising, organized, skilled, and detail-oriented. People who know how to think big and handle stress have better chances of contributing to the business’ profitability as well. In order to be all these, you need to train yourself. Taking a business administration associate degree is one step towards the right direction.

However, taking a business administration degree does not strictly mean you have to work in another person’s company. In fact, a considerable number of business administration students aim to build their own business.

So, what are the high-level responsibilities of a person in business administration? According to the Occupational Outlook Handbook, which was released by the Bureau of Labor Statistics in the United States, their responsibilities include :

  1. Establishing and implementing organizational and departmental goals, procedures, and policies
  2. Directing and analyzing the budgetary and financial activities of an organization
  3. Managing activities which are related to the provision of services and manufacturing of products
  4. Consultation of general operations with other board members, executives, and staff
  5. Negotiation of agreements and contracts
  6. Assigning department managers and heads
  7. Analyzing sales reports, performance indicators, and financial statements
  8. Identification of places to improve performance, programs, and policies
  9. Cutting costs to increase profitability

Degrees in Business Administration

If you want to study business administration, it will help to know the different educational levels you can achieve.

  1. Business Administration Associate Degree and Bachelor’s Degree

Taking a two-year or a four-year program can give you a comprehensive understanding of business-oriented technology. Furthermore, it canhone your interpersonal skills and apply essential management principles.

  1. MBA Degree

You can take an MBA degree as a full-time or part-time student. It takes two years to finish the course.

  1. Doctor of Business Administration Degree

This helps graduates lead, teach, and consult academic and corporate arenas. This involves sessions of analytical and research methods. Subjects focus on core management principles. It will take 3 to 6 years to complete.

Jobs Availableto Business Administration Graduates

The more advanced your skills are and the wider your knowledgeis, the better opportunities you can take.

Graduates in Business Administration Associate Degree and Bachelor’s Degree in Business Administrationcan be a human resources generalist. Moreover, they can be business analyst, marketing specialist, and operations manager. They can also start their own business.

Those who have an MBA degree can take higher management positions. These positions include executive director, independent consultant, and corporate controller.

Final Thoughts

Now that you know all the facts about business administration degree, it is now the time to take that first move towards the success of your career. Try to discover the degree or program that would suit you perfectly!