The path to pursuing a business administration degree is challenging, complex, and requires students to be fully committed to their decision. So, it is crucial that before you begin that journey, you ask three critical questions:
- Is business administration a good major?
- How will such a degree benefit me?
- Is business administration the right choice for me?
To help you determine the answers to these questions, we have compiled information about the importance of business administration and the benefits you can expect from it. Lastly, we will help you answer the ultimate question of whether you should proceed with such a degree or not.
What Is a Business Administration Degree?
Business administration as a concept relates to the processes of monitoring and managing all angles of a business to help the company operate, expand over time, and succeed. For business administrators to complete their duties, they need specific knowledge related to running a business and skills set they can get from a business administration degree.
Briefly put, a business administration degree is a qualification you get after studying a higher education study program that teaches business principles and practices. Such degree programs prepare you for the business world through various modules in finance, operations management, mathematics of finance, business ethics, marketing, and many others.
Types of BA degrees
The time it takes to earn a degree in business administration depends on your dedication and the mode of study you pursue — full-time, part-time, or accelerated. If you are interested in only gathering some basic knowledge and skills, then an associate’s degree does the job, and you can complete it in two to three years.
On the other hand, a bachelor’s degree in business administration generally takes four years to complete; meanwhile, a master’s in business administration takes one to two years. Lastly, acquiring a doctorate will take roughly three years, providing an even deeper understanding of the business administration world.
Is Business Administration a Good Major?
If you are thinking of pursuing a degree in business administration but are unsure whether it is worth it, it is best to know some information before deciding. After all, you do not want to end up like one of the 39% of U.S. graduates who, upon earning their degree, say they are doubtful of the value their degree holds.
So, is business administration a good major? To put it simply, yes! Business administration is in the top 5 most in-demand majors, according to statistics. A degree in business administration prepares you for lucrative careers by equipping you with several excellent career skills. You will become proficient at communication, decision making, organization, teamwork, and more.
This major will help you become a capable leader in the business world and attain a detailed view of organizational structures and their importance in today’s world.
6 Benefits of a Business Degree
Business is a highly challenging and competitive field. So, if you are interested in it, pursuing a business administration degree will be worth the investment. To further understand how such college programs will aid you throughout your business journey, let’s look at some of the many benefits of a business degree.
Provides a Competitive Edge
A business administration degree is one of the best ways to make you stand out from your competitors in the job market. Pursuing business administration will equip you with a variety of skills that enable you to function more effectively in the world of business. These skills include:
- Strategic thinking
- Decision making
- Project management
- Teamwork, and more.
Except for having an advantage over other people when applying for a job, possessing these skills will also help you further enhance your career in the future.
Plenty of in-demand career opportunities
When deciding on a major, you must consider the career opportunities. With the business industry constantly on the rise, getting a business administration degree will be your way to numerous job possibilities.
The skills we mentioned above and the knowledge you gain through this degree will prepare you for a wide range of in-demand careers such as marketing, human resources, supply chain management, and many more.
If you are a numbers person, you can go for a career in finance; meanwhile, if you enjoy working with people from all over the world, you can pick international business.
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A business administration degree opens your doors in the healthcare industry by offering jobs in the healthcare management department. Furthermore, if you are interested in leadership, supervisory and managerial roles are available in all the above fields. In addition, there are many more fields you can have a job in. All you have to do is take your pick.
The business industry accounts for high-paying careers
The business industry offers lucrative careers in different areas like marketing, management, finance, business administration, human resources, and more. So, apart from numerous job opportunities, another benefit of studying business administration is that it also prepares you for high-paying professions.
Some of the most paying careers with a business administration degree include:
- Market Research Analyst, $60,280
- Sales Managers, $68,587
- Human Resources Director, $112,613
- International Sales Manager, $79,664
- International Marketing Manager, $95,052
- Business Consultant, $79,858
- Marketing Manager, $104,295
- Mental health administrator, $71,569
- Healthcare manager, $79,223
- Business operations manager, $95,329
- Management consultant, $103,853
- Computer and information systems manager, $175,585
It is always beneficial to pursue a degree that offers you many options, even more so if they are well-paid, as is the case with business administration.
Prepares you to be an entrepreneur
Sometimes people who study business administration are not looking to employ their skills in existing organizations but are aspiring entrepreneurs who want to start and run their businesses. Through the program’s classes, you will learn about all aspects of running a business, including
- How to develop a business plan
- How to get the company started
- How to increase the probability of the plan succeeding
- How to keep everything thriving and running smoothly once your business has been launched.
Learn about multiple disciplines
Considering how pursuing a business administration degree offers a variety of jobs available, it must also equip students with knowledge and skills in numerous areas. Through a business administration degree, you will learn about multiple disciplines and educational material related to:
- Business research
- Global business strategies
- Logistical operations
- Organizational leadership
- Law and ethics
- Business-oriented computer applications, and more.
Every business administration degree program designs its course work to cover administration principles and practices combined with many other fields so that each student can perform their job accordingly.
Grow your network and networking skills
You may have heard the saying that who you know is more important than what you know, and it is valid to some extent. Networking as one of the most valuable resources for professional success is an overlooked benefit of business administration programs.
While pursuing a business administration degree, you will be interacting with professionals of the field, such as your professors and alumni of the university, as well as with other students who may become professionals soon. With each new networking link you create, you will further develop the networking skills that help put you at a significant advantage in the business world.
The Bottom Line: Is Business Administration the Right Choice for Me?
The answer to this question depends on your interest, goals, and dreams for the future. If the skills and careers we mentioned above excite you, go for it! In that case, a business administration might be the degree for you.
However, if you think these skills are boring and don’t inspire you to do innovative things in life, then a business administration degree is not what you need. Keep searching for a career you see yourself in the future.