What exactly does the word “Business Administration” mean? Well, to put it in simple terms, business administration is the management of an organisation, whether it’s a non-profit organization a business, or government agency. A business administration graduate degree focuses on teaching students how to effectively manage the business affairs of both small and large organisations. There are many different types of business administration degrees and students will be able to choose the right one depending on their future career goals.
Most business administration degrees focus on teaching students the basics of business administration. In order to understand the significance of every aspect of business operations, an understanding of accounting, finance, and marketing is essential. Students will learn about general business management concepts like profit and loss, financing, purchasing, selling, and production as well as micro and macro business operations such as financial planning, marketing, sales, production, and distribution. Some business administration students may also study law and regulations, public policy, project management, and business development. A business administration student will need to have prior background in related disciplines such as business studies, communication, and accounting.
The number of business degrees is extensive and ranges from associate’s degrees to doctoral degrees. The curriculum for each level focuses on a specific aspect of business operations. For example, there are business management degrees which train students to handle financial and accounting issues. Finance degrees teach students how to organise and evaluate financial resources for a business. Marketing and Sales Degrees teaches students how to market products and services and how to attract customers to a business.
Some students may be thinking that business administration doesn’t require a bachelor’s degree. However, there are a variety of entry level positions that require this level of knowledge. These include receptionist positions, office assistants, bookkeeping assistants, accountants, and office managers. There are also entry-level management positions which require MBA graduates.
With these entry-level positions, you can learn about management principles and about different business administration subjects. These subjects include business planning, scheduling, production and inventory control, financial management, human resource management, marketing management, and business law. You can pursue a bachelor of science in business administration, if you are aiming for a managerial or supervisory position. You may also want to pursue an associate’s degree to become a business manager or a business administrator, which requires a different set of academic and career information than the other career options.
Online business administration degrees allow for flexible schedules. You can complete your courses at your own pace, in the comfort of your own home. Online studying also allows you to take your classes at the times that work best for you. For many business majors, taking business administration classes during the day may interfere with other daily responsibilities. Further, online learning requires less dedication than campus-based classes. Most online programs offer a 24-hour study program.
In addition to business administration degrees, some schools offer minors in accounting. An accounting degree can be particularly beneficial if you plan on entering government work or other positions requiring an accounting background. The accounting minor includes general business administration, managerial economics, statistics, information technology, business law, and business analysis. Some schools offer certificates in business administration. If you choose to take an accounting course as a stand-alone degree, some schools offer an Introduction to Accounting major, while others require that you also take a business analysis class.
Business management professionals have a wide range of opportunities. Many employers use a number of hiring managers to evaluate potential employees. Business managers play a key role in helping companies grow and succeed by providing a strategic direction and supervising employees. Graduates who earn their master’s degree in business administration earn the status of “business manager” or “chief executive officer.” An advanced degree allows you to advance to the position of either president or CEO.
