Business Administration Careers
Find out about the types of jobs you could pursue in business administration. Read on to learn more about career options along with education requirements and salary potential. Schools offering Business degrees can also be found in these popular choices.
What Are the Career Options Available in Business Administration?
When it comes to business someone has to be in charge. Someone must take responsibility for the day to day running of the company while others may run different departments or administrative services. This could be all kinds of businesses such as a medical center or health company or a chief executive for a facility.
Business administration offers many specializations, like economics, marketing, finance, and management. The jobs can range from secretarial to leadership positions. The table below outlines the general requirements for careers in business administration.
|Administrative Services Manager||Chief Executives||Medical and Health Services Managers|
|Degree Required||Bachelor's degree||Bachelor's degree||Bachelor's degree|
|Training Required||less than 5 years experience||N/A||Varies by facility|
|Education Field of Study||Business, Facility Management, Engineering||Administration, Public Administration, Law, Liberal Arts||Public Health, Public Administration, Business Administration|
|Key Skills||Analytical, communication and leadership skills||Leadership, management and problem-solving skills||Analytical, communication and organizational skills|
|Job Growth (2014-2024)||8%*||6%*||17%*|
|Median Salary (2015)||$86,110*||$175,110*||$94,500*|
Source *U.S. Bureau of Labor Statistics
What Types of Business Administration Jobs Might I Find?
Business administration encompasses many types of tasks, ranging from promoting services to directing company operations. You may work in a capacity that doesn't involve much management responsibility but is directly related to running a business. For example, marketing, finance and accounting experts are all necessary to successful business operations. In these types of operational jobs, you can work in business-to-business sales, market analysis or financial risk analysis. Taking your career further in this direction could lead you to jobs in public accounting, governance or banking.
If you're interested in leadership, you can find opportunities throughout the management hierarchy, from support services to the executive level. Consulting is a way to experience different problem solving tasks or to work in various industries. Well-managed systems are important to any business, and when you take control as an entrepreneur, you can see how all of the components relate.
The advantage you may see in a career in business administration is that you can choose from various paths and serve in different aspects of an organization. You can work in government, non-profit groups or many other industries.
How Can I Advance My Career?
Business administration is a competitive field, and opportunities for those without a college degree are rare. Tailoring your education to focus on a specific business function or pairing topics to gives you specialized training that may give you an advantage when looking for work.
Earning a Master's in Business Administration (MBA) can open the doors to upper-level management roles, as you learn to apply training in analysis and decision-making to solve challenging, real-world business problems. Once you've gained skills and experience, you could make a career as a chief financial officer, human resource manager or company president.
What Salary Could I Earn?
Since business administration encompasses so many career options, the salary you might earn depends on many factors. You can expect higher wages if you have an advanced degree or experience in a particular specialty. The U.S. Bureau of Labor Statistics (BLS) reported that managers in administrative services, for example, earned a median salary of $86,110 in 2015 (www.bls.gov). Chief executives often receive bonuses, stock options or other compensation in addition to their salaries. According to the BLS, the median annual base salary for chief executives in 2015 was $175,110.
What Are Some Related Alternative Careers?
Alternative administrative careers need a bachelor's degree in a related field. For one you could become a human resource manager which directs and takes care of the day to day functions of a company. A job in financial management requires you to study and watch over the financial health of a business. A third career field might be as a buyer and purchasing agent to take care of the selection and purchase of materials. A final career field could be as a sales manager, which allows you to run your own sales team. As the manager in charge, you'd set goals and collaborate with your sales force to promote and sell a product or service.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: