Are you considering a career in business administration? Are you a business administration major, and you don’t know your career options? You may be trying to decide whether to do a minor in this field in your future career.
Many people are looking for opportunities to grow their jobs, and business administration degrees are some of the most popular choices. With the growing need for qualified managers, accountants and other business professionals, more people are considering pursuing these careers.
You can take many possible career paths with a business administration degree. From working in the office-based world to traveling the world, your skills and training may be perfect for various positions.
We’re going to look at several possible career paths that graduates with bachelor’s degrees in Business Administration might explore after graduation.
What is a business administration degree?
A business administration degree offers students the skills and training necessary to work in various positions. It encompasses many fields, including business, management, accounting, economics, finance and marketing.
Business administration degrees are the foundation for many careers in the business world. This degree may help students to learn, plan and execute business strategies and methods. Leaders in all types of organizations need these skills, from small businesses to large corporations.
Career options with your degree
Business administration degrees provide students with the knowledge and skills to work in various areas. Students can pursue many careers depending on the focus of their education and the type of program they follow.
An associate degree is a popular choice for starting a job immediately. With this program, students will learn the skills and knowledge they need to work in a business environment.
After completing their degree, students can pursue entry-level positions. The associate degree prepares students to work in local offices and undertake short-term assignments. These programs tend to be shorter than a bachelor’s degree program; however, they can still be very successful.
Graduates with a bachelor’s degree have more opportunities available to them. The degree usually takes four years to complete, which is a stepping-stone for many career paths.
After graduating, students can begin their careers immediately or begin an internship or apprenticeship program. They will also be able to further their education in this major, making this degree very valuable for anyone who wants to pursue further study.
An online MBA program in business administration from Walsh University will give you the skills and training you need to pursue leadership positions. Those with an MBA are suited for upper-level management.
You can complete many of these programs in a year or less, which is perfect for working professionals. Students will be able to learn new skills and become more marketable to employers.
Jobs you can get with a business administration degree
Let’s look at many possible careers available to business administration degree holders and some tips on getting started.
Accountants help organizations to run smoothly and efficiently by providing financial information and advice. They record business transactions, prepare financial reports, advise companies about the best ways to manage their finances and oversee the preparation of tax returns.
Managers assist their organizations by coordinating projects, managing resources and delegating tasks and responsibilities to other team members. While job duties vary from company to company, a manager generally oversees a group or department and helps the group grow and reach its goals.
Managers help companies set budgets, organize resources and use information technology to find new markets and opportunities. They also help owners by reviewing performance and making recommendations for improving results.
Data analysts interpret data for their organizations and develop reports based on the information. They prepare graphs, tables, and other visual representations of this data for presentation to executives and shareholders.
Data analysts use mathematical models to create predictions, forecast the future status of an organization, and make decisions based on their findings.
Financial analysts use data to help businesses and investors make decisions about investments. They analyze data to determine possible financial risks and opportunities. They also evaluate the efficiency of various business practices and economic activities, such as product development, customer service, and manufacturing.
Financial analysts use economic models to explain economic trends, forecasts, or scenarios. They also help companies manage cash flow problems to make essential decisions in the short term while continuing with long-term plans.
Marketing managers are responsible for directing and coordinating marketing and advertising efforts that support the company’s mission. They usually oversee all areas of marketing, from developing major digital marketing campaigns to managing the implementation process.
Marketing managers make decisions about budgets, goals, and tactics for the entire group working on their projects. They must be creative and have strong communication skills.
Actuaries work in several fields like health insurance, life insurance, finance, and investments. An actuary may do such things as conduct assessments of new products or deliver regular updates on financial status.
Actuaries help organizations and companies plan by analyzing financial results and making projections about trends. A degree in business administration can help students learn how to use data to make these projections more accurately.
Human resources manager
Human resources managers help companies recruit and train workers effectively. They organize personnel policies, develop employee development plans, and develop and manage employee benefits packages.
Human resources managers must have a degree in human resources and experience in human resource functions. They must also be able to make sound decisions based on the current job market.
Chief executive officer (CEO)
Chief executive officers are the highest managers in their organizations. They usually serve on the board of directors and make decisions about the organization’s strategies and products. They oversee all other managers and make sure that everyone works together.
CEOs oversee all phases of the company, including marketing, sales, and product development. They must also be skilled at working with employees and investors.
Production managers oversee the production activities of their organization from beginning to end. They determine stages in making and shipping products or services, design production schedules, assign workers to each task, and ensure that everyone works together efficiently.
Chief financial officer (CFO)
Chief financial officers are responsible for overseeing the financial aspects of their organization. They direct the use of funds, manage expenditures and revenues, develop budgets, and ensure that the company honors bills on time.
They also work with other department heads to help them understand how every aspect of the company’s financial decisions affects it.
Health services administrator
Health services administrators plan health programs for their organizations. They coordinate the various aspects of a healthcare facility, including administration, patient services and clinical services.
Health service administrators help manage the day-to-day work of health workers and devise ways to improve the quality of care they provide. They also focus on issues relevant to the organization’s mission, such as quality of care and benefits.
Logistics managers have a vital role in the organization and coordination of processes, including planning, integration and control of logistics activities. They are responsible for planning and implementing an organization’s logistics activities, including supply chain management (SCM), warehousing and transportation.
SCM includes managing inventory, transportation routes/vehicles/trucks, pricing for goods/services/delivery methods, inventory levels, vendor relations and all other business functions related to moving goods from seller to buyer.
Market research analyst
Market research analysts are responsible for researching and analyzing information about a product or service to develop new products and make improvements. They help organizations determine how to build their products or services and how to best market them.
Market research analysis includes syndicated research and brand evaluation and management. It also involves competitive intelligence, market analysis, customer profiling (including customer segmentation), industry trends and marketing strategy creation.
Project managers are responsible for planning and overseeing projects. They help the organization decide what they need and how to do it, determine who should do the work and monitor progress.
Project managers manage the people involved by assigning jobs, coordinating their activities and ensuring that work is organized correctly and completed on time.
Sales managers oversee the selling activities in their organization. They ensure that their sales team understands the company’s mission and sells products or services by explaining the benefits and increasing customer satisfaction.
Sales managers organize sales presentations, create sales plans and budgets, design advertising campaigns and track results from their employees. They move their potential clients through the sales funnel and frequently help their sales reps close deals.
Corporate attorneys apply the law to business decisions and manage litigation. They help their organizations develop legal strategies and find ways to solve the problems that arise.
Seek higher education for a successful career
The path to success is not easy, but it is achievable with hard work and dedication. Get started by visiting an accredited university and begin your higher education today. An education from a reputable school can give you the edge you need for a successful career in the future.