The “All About Business Administration Degrees” Guide

A business degree is an impressive and versatile academic credential that offers a wide variety of career opportunities. It is one of the most popular degree choices among college students and is valued by employers in virtually every industry.

An undergraduate business degree provides students with the knowledge and skills to pursue a wide range of business-related roles. With this degree, students learn the fundamentals of management, economics, finance, accounting, marketing, human resources, and operations.

Additionally, a business degree program may provide specialized knowledge in areas such as accounting, finance, economics, information systems, or entrepreneurship. By studying these various aspects of business, graduates have the necessary foundation to move into a managerial, leadership, or owner role within a company.

Why Business Administration?

Business Administration is one of the most popular degrees in the world. Highly versatile, this type of program provides students with skills in business, management, finance, leadership, marketing, and much more! Individuals with expertise in all of these areas are crucial components of any workplace.

Associate’s, bachelor’s, master’s, or doctorate graduates have the knowledge base to enter into, and improve, virtually any area of their choosing, as their understanding of the business world and its many facets gives them the ability to work in any place of their choosing. Positions of employment can be incredibly lucrative and typically give opportunities to climb higher up the ladder in different institutions, companies, and organizations.

Business Administration professionals earn high wages and have the capability of moving through numerous specializations of business, depending on their interests and skill set. They enhance current organizations or start their own successful businesses. Knowledge and skill allow students the opportunity to enter into certificate or degree programs at any point in their careers to advance their skills even further.

The cumulative job outlook for business administrative positions of employment is about 8% over the next 5-8 years, which is as fast as the average. The average annual salary is about $90,000/yr. Salary and job potential vary depending on one’s particular organization and specialization.

We have gathered information from various highly respected sources and broken down the pertinent facts regarding healthcare careers, giving interested parties an easy-to-read format that will introduce them to the many exciting areas of study that make up this field!

Below readers will find career paths corresponding to associate’s, bachelor’s, master’s, and Ph.D. degrees, along with the job outlook percentages and median annual salaries for each occupation, according to the Bureau of Labor Statistics.

Careers available with an ASSOCIATES DEGREE

An associates degree in business administration is an excellent place to begin one’s academic and professional career. Through these curricula, students gain a strong foundation of understanding concerning business and administrative practices sufficient for starting a career. Upon exiting their degree program, individuals have the wherewithal to enter into entry-level positions of employment, such as:

1. Auditing Clerk – Job Outlook: -6% ~ Median Annual Salary: $45,860
2. Administrative Assistant – Job Outlook: -10% ~ Median Annual Salary: $44,080
3. Advertising Sales Agent – Job Outlook: -7% ~ Median Annual Salary: $58,450
4. Bookkeeper – Job Outlook: -6% ~ Median Annual Salary: $45,860
5. Customer Service Associate – Job Outlook: -5% ~ Median Annual Salary: $37,780
6. Executive Assistant – Job Outlook: 1% ~ Median Annual Salary: $71,060
7. Financial Clerk – Job Outlook: -4% ~ Median Annual Salary: $45,570
8. Food Service Management – Job Outlook: 0% ~ Median Annual Salary: $61,310
9. Information Clerk – Job Outlook: -4% ~ Median Annual Salary: $38,710
10. Office Administrator – Job Outlook: -3% ~ Median Annual Salary: $40,910
11. Payroll Specialist – Job Outlook: 1% ~ Median Annual Salary: $47,390
12. Real Estate Broker – Job Outlook: 3% ~ Median Annual Salary: $52,030
13. Retail Sales Associate – Job Outlook: -2% ~ Median Annual Salary: $30,750
14. Secretary – Job Outlook: -10% ~ Median Annual Salary: $44,080

Careers available with a BACHELOR’S DEGREE

Like many bachelor’s degrees, earning this level of education significantly increases one’s pay scale and employment opportunities. However, an undergraduate degree in business administration drastically enhances a professional’s understanding of the field and its many different specialties, opening up a huge amount of potential pathways. Most graduates gain a considerable amount of experience and networking connections in their program of choice that firmly establish their standing as business administration professionals.

1. Accountant and Auditor – Job Outlook: 4% ~ Median Annual Salary: $78,000
2. Appraisers and Assessors of Real Estate – Job Outlook: 5% ~ Median Annual Salary: $61,560
3. Budget Analyst – Job Outlook: 3% ~ Median Annual Salary: $82,260
4. Business Resource Specialist – Job Outlook: 6% ~ Median Annual Salary: $64,240
5. Buyers and Purchasing Agents – Job Outlook: -6% ~ Median Annual Salary: $75,120
6. Claims Adjusters, Appraisers, Examiners, and Investigators – Job Outlook: -3% ~ Median Annual Salary: $72,040
7. Compensation, Benefits, and Job Analysis Specialist – Job Outlook: 7% ~ Median Annual Salary: $62,780
8. Corporate Recruiter – Job Outlook: 6% ~ Median Annual Salary: $64,240
9. Cost Estimator – Job Outlook: -3% ~ Median Annual Salary: $71,200
10. Financial Examiner – Job Outlook: 20% ~ Median Annual Salary: $82,210
11. Fundraisers – Job Outlook: 5% ~ Median Annual Salary: $61,190
12. Human Resource Specialist – Job Outlook: 6% ~ Median Annual Salary: $64,240
13. Loan Officers – Job Outlook: 3% ~ Median Annual Salary: $65,740
14. Logistician – Job Outlook: 18% ~ Median Annual Salary: $77,520
15. Market Research Analyst – Job Outlook: 13% ~ Median Annual Salary: $68,230
16. Meeting, Convention, and Event Planners – Job Outlook: 8% ~ Median Annual Salary: $52,560
17. Office Manager – Job Outlook: 5% ~ Median Annual Salary: $101,870
18. Public Relations Specialist – Job Outlook: 6% ~ Median Annual Salary: $67,440
19. Tax Examiners and Collectors – Job Outlook: 1% ~ Median Annual Salary: $57,950
20. Training and Development Specialist – Job Outlook: 6% ~ Median Annual Salary: $63,080

Careers available with MASTER’S, PhD, or DOCTORATE DEGREES

A master’s degree or higher is the most ideal level of education for high-paid positions within the field of business administration. These professionals occupy positions such as CEO and CFO of large companies and corporations and also have the ability to start new, successful businesses of their own. A Ph.D. is mostly used for teaching and research positions in higher learning environments, whereas a doctorate is more in line with the work of practicing professionals.

1. Actuary – Job Outlook: 23% ~ Median Annual Salary: $113,990
2. Administrative Services Manager – Job Outlook: 5% ~ Median Annual Salary: $101,870
3. Advertising, Promotions, and Marketing Management – Job Outlook: 6% ~ Median Annual Salary: $138,730
4. Benefits and Compensation Manager – Job Outlook 2% ~ Median Annual Salary: $131,280
5. Chief Executive, Financial, Information, Lending, or Technology Officer – Job Outlook: 3% ~ Median Annual Salary: $100,090
6. College or University Educator – Job Outlook: 8% ~ Median Annual Salary: $80,840
7. Compliance Officer – Job Outlook: 2% ~ Median Annual Salary: $76,980
8. Economist – Job Outlook: 6% ~ Median Annual Salary: $113,940
9. Financial Analyst – Job Outlook: 8% ~ Median Annual Salary: $96,220
10. Financial Controller or Manager – Job Outlook: 16% ~ Median Annual Salary: $139,790
11. Health and Medical Service Administration – Job Outlook: 28% ~ Median Annual Salary: $104,830
12. Human Resources Management – Job Outlook: 5% ~ Median Annual Salary: $130,000
13. Management Analyst – Job Outlook: 10% ~ Median Annual Salary: $95,290
14. Marketing Director – Job Outlook: 6% ~ Median Annual Salary: $138,730
15. Operations Manager – Job Outlook: 0% ~ Median Annual Salary: $123,030
16. Personal Financial Advisors – Job Outlook: 13% ~ Median Annual Salary: $95,390
17. Public Relations and Fundraising Managers – Job Outlook: 6% ~ Median Annual Salary: $125,620
18. Sales Management – Job Outlook: 4% ~ Median Annual Salary: $130,600
19. Training and Development Manager – Job Outlook: 6% ~ Median Annual Salary: $120,000

Business Administration Environments

The areas and environments in which these professionals of all educational levels have the potential to work in innumerable environments.

Concentration options take individuals to great heights within their workplaces, and they have the ability to leverage positions against each other to receive the most well-fitting and highest-paying jobs available. One graduate may go on to work in a fast-paced, financial planning corporation, while another may be an administrator of business services in health services.

This field of expertise provides fulfilling work opportunities, and these professionals are responsible for some of the most outstanding organizations and businesses in the world.

Earn a Graduate degree in Business Administration to Advance Your Career

Earning a graduate degree in Business Administration can help you advance your career. Organizations looking to hire managers and leaders are often looking for candidates with a background in business. Many positions require various levels of professional experience, and a graduate degree in business is an excellent way to demonstrate your knowledge and skills.

A master’s degree in business can open doors to new opportunities, provide access to a greater variety of salary ranges, and give you the edge you need to move up in your career.

Is a career in Business Administration for you? Check out this informative YouTube video: