Business administration encompasses the long-term planning and the day-to-day operations and management of a company or a division of a large organization. Business administration degree programs typically teach students how to understand business finance and budgeting, human resource management, marketing and sales, communications, and organizational management.
WHY STUDY BUSINESS ADMINISTRATION?
A business administration degree can be incredibly versatile, preparing students for a wide range of potential career opportunities or for further study toward advanced degrees. Business administration courses teach foundational knowledge and practical skills that can be useful in almost any career, including critical thinking and analysis, practical decision-making, and effective communication.
BUSINESS ADMINISTRATION GRADUATES ARE IN HIGH DEMAND
Even in tight labor markets, business administration degree holders tend to fare well. In fact, business and finance occupations are expected to continue to grow at a steady rate in coming years, with an estimated 715,100 new jobs created from 2021 to 2031. Factoring in the need to replace workers who retire, 980,200 job openings are anticipated in these occupations every year.
Business administration graduates often also choose to create their own career paths by starting small businesses, putting the skills and knowledge they learned in school to work for themselves.
PERSONALLY FULFILLING AND FINANCIALLY REWARDING CAREER OPPORTUNITIES
Choosing a career in business administration can be rewarding on multiple levels. Business leaders work hard but get to enjoy the satisfaction that comes from reaching departmental or company-wide goals and seeing the results of business planning in action. In addition, business and finance occupations tend to earn higher compensation than many other career paths.
Indeed, the median annual wage for these careers in May 2021 was $76,570, which is significantly higher than the median annual wage for all occupations ($45,760.)
LEARN AND HONE LEADERSHIP AND COMMUNICATION SKILLS
Studying business administration involves learning about financial management and marketing, but it also includes practical business management skills and techniques. When you choose this type of degree program, you will learn how to evaluate and analyze information, and how to use that analysis to inform strategic decision making for your organization. These skills can help make you a more effective leader.
Business administration courses also emphasize the importance of clear and effective written and oral communication skills. You can expect to graduate with an improved ability to listen actively, to network and interact with others more easily, and to communicate across the levels of an organization more effectively.
SKILLS TRANSCEND INDUSTRY LINES
When you study business administration, you will learn business management and leadership skills that apply to nearly every type of business, across industry lines. Whether your dream is to work in management for a financial services organization, in manufacturing, or in a retail environment, you can be confident you will graduate with the knowledge and information you need to proceed with confidence. This broad-focus on business topics also means degree-holders have a variety of opportunities for career advancement in their chosen fields.
EARN YOUR DEGREE FROM A LEADER IN BUSINESS EDUCATION
Earning a college degree is an important first step toward a career in business administration. When you choose Generations College, you are choosing a well-established institution with a long history of educating business leaders. Located in the heart of Chicago, Generations College offers a traditional, on-campus business administration program as well as a fully-accredited online business administration degree program you can complete in just two years from the comfort of your home.