What Can You Earn with a Bachelor's Degree in Business Administration?
Programs in business administration offer a diverse choice of career options. Be it accounting, economics, management, marketing, human resources or other areas of study, a Bachelor of Business Administration (BBA) program could prepare you to enter the business world. If you'd like to know how much you might make after earning a BBA, keep reading. Schools offering Business degrees can also be found in these popular choices.
Accountants keep records, handle tax information and prepare other financial documentation for many different businesses, government agencies and individual clients. After earning a BBA degree, it is recommended that you study and pass the Certified Public Accountant (CPA) exam, though licensure typically requires that you complete about 30 credits beyond a bachelor's degree. Accountants can work for private accounting companies, public or private businesses or non-profit organizations, or you can start your own accounting business. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for accountants was $65,940 as of May 2014. With experience and credentials, that figure can climb up to above $111,000 annually.
Important Facts About Earnings with a Bachelor's Degree in Business Administration
|Working Environment||Office or home|
|Similar Occupations||Budget Analyst, Cost Estimator, Post-secondary Teacher, Personal Financial Advisors, Management Analyst|
|Key Skills||Problem solving, organizational leadership, people management, strategic planning, oral and written communication, project planning and implementation|
|Continuing Education||Master's and doctoral degrees available|
Economists are responsible for researching and collecting financial data as well as monitoring trends in the national and international economy. They use that information to forecast economic indicators, such as inflation, interest rates, taxes and employment. Some of the methods that you may use to collect this data include surveys, modeling techniques, tables and charts. While an advanced degree in economics is suggested if you want to be an economist in the public sector or academia, a BBA degree is fine if you want to find employment at the federal, state or local government level. The BLS reported that as of May 2014, the median annual wage for economists was $95,710.
Controller, comptroller, financial officer, treasurer and many other similar titles are all in the field of financial management. Financial managers are responsible for many functions, including preparing financial reports, analyzing expenses based on future earnings, overseeing budgets and developing business strategies. Because these positions are supervisory, you may need experience in management or accounting before moving up to these jobs. The BLS estimated that as of May 2014, the median annual salary for financial managers was $115,320.
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