Are you thinking of pursuing a degree in business administration?
First things first, that’s a smart thought! The Bureau of Labor Statistics forecasts a 7 percent growth for business occupations through the next decade. There will be plenty of jobs.
As a business administration student, you’ll study economics, psychology, and financial accounting. There are also classes in business information systems, sales and marketing, and strategic management.
So, what can you do with a business administration degree?
Here’s a guide on your potential career paths.
Administrative Services Manager
An administrative service manager oversees an organization’s operations. Although specific duties vary from organization to organization, their work typically involves:
- Supervising and delegating tasks to clerical staff
- Serving as a liaison between an organization’s departments
- Overseeing the management of records (physical and electronic)
- Ensuring the organization’s facilities and equipment are well maintained
- Maintaining positive working relationships with the organization’s suppliers or service providers.
Think this is the right career for you?
The level of education you’ll need will depend on the employer. Smaller organizations usually hire people with an associate degree in business administration. You can check out this online program for more information.
Large organizations hire professionals with at least a bachelor’s degree. Vast on-the-job experience is also key. In such organizations, you may start out as an office or department manager and then work your way up.
Sales and Marketing Manager
In a business administration program, you’ll learn about the fundamentals of sales and marketing. As such, you can opt to pursue a career in sales and marketing management.
So, what does a sales and marketing manager do?
- Hiring, training, and supervising sales reps and other department personnel
- Developing sales and marketing goals for the organization
- Designing and implementing sales and marketing strategies
- Doing market research
- Staying abreast of marketing trends
- Reporting sales and marketing reports to senior organizational managers.
In this job, you’ll need a little bit more than just a degree in business administration to get hired. The vast majority of employers typically want to hire managers with a compelling sales and marketing track record. This certainly means you’ll start out in an entry-level sales and marketing position and then work your way up the ladder.
Business Information Systems Manager
Business administration graduates have an in-depth understanding of business technology. This is how the role of a business information systems manager came to birth.
In this job, your duties will include:
- Analyzing the operational efficiency of an organization
- Identifying the technologies an organization should adopt
- Leading the acquisition of computer programs, tech devices, and other equipment as per the organization’s needs
- Overseeing the installation/deployment of these technologies
- Maintaining strong business relationships with the organization’s IT vendors.
This role is suitable for graduates who have a passion for technology and strong computer skills.
You already know you’ll take finance classes when pursuing a business administration degree. If you like crunching numbers, then you can become a competent financial analyst.
Financial analysts keep an eye on an organization’s finances. Specific duties include:
- Identifying the financial needs of an organization
- Participating in the development of financial policies and procedures
- Developing financial reports
- Keeping accurate records of financial information
- Evaluating financial transactions to identify errors and omissions
- Reporting to the financial manager.
It’s important to bear in mind that the financial field is becoming more specialized. Employers are giving more preference to professionals with specialized degrees in finance. As such, you might want to pursue an additional certification in finance to improve your prospects.
Business consultants offer professional advice to solo entrepreneurs, small businesses, and even large corporations. They tap into their vast knowledge of business to help entities cut costs, improve operational efficiency, and become more profitable.
Want to become a business consultant?
Well, earning an undergraduate degree in business administration is your first step. Consulting requires highly-educated and experienced professionals, so you will need to pursue a graduate program in business administration (MBA), in addition to earning vast practice experience.
As a business consultant, you have two employment options. You can work as an in-house/resident consultant in an established business consulting firm. Or you can start your own business consultancy.
Become an Entrepreneur
About 600,000 new businesses set up shop every year in the United States.
What’s stopping you from becoming an entrepreneur?
Of course, you need adequate business knowledge; otherwise, your business will be among the vast majority that fail. To get this knowledge, pursue a degree in business administration. You’ll not only learn the basics of entrepreneurship but also develop a passion for business.
Now, business knowledge alone isn’t enough to help you become a successful entrepreneur. You also need a good business idea, as well as adequate startup capital.
The beauty of entrepreneurship is you get to be your own boss. You won’t worry about looking for a job or reporting to someone. You work on your own terms.
What Can You Do With a Business Administration Degree? Plenty of Options!
When you’re set on going to college, there are lots of degree options in front of you. If you’ve made business administration your pick, you’ve made a good decision, no doubt.
But what can you do with a business administration degree? As you can see, you’ve got plenty of options. Choose one that fits you the most.
Good luck and stay tuned to our blog for more on leadership and business.