Business administration is the act of managing a company’s resources. Business administration is a major deal with business mechanics through classes in fundamentals courses such as finance, accounting and marketing. It also delves into more specialized topics, which help students find different ways to solve problems using data, thereby developing communication and managerial skills.
In other words, Business administration can also be called business management. It is the administration of a commercial enterprise, which includes all aspects of overseeing and supervising an organization’s operations. From the point of view of management and leadership, business administration also covers fields that include sales, building administration, accounting, finance, designing, development, quality assurance, project management, information-technology management, data analysis, research development, and marketing.
Why Study Business Administration
As a student, studying business administration helps sharpen and develop your managerial skills, one of the most sought-after business skills employers require. The course tackles management skills that give you an edge in the world today, such as; problem-solving, communication, organizing, strategic thinking, leadership, project management, and various others.
If you are interested in becoming a world-class business administrator, you need to start by pursuing a degree in business administration. A Bachelor of Business Administration (BBA) degree usually takes four years to complete, and it is the firmest step of education focusing primarily on finance, marketing, management, and human resources. With the business world being very competitive, strong leaders are always in demand, which is why one of the first skills you acquire when studying the course is leadership. Motivating other people to contribute towards the progress of a company or organization is very crucial to the success of the organization. With a BBA degree, you can communicate effectively, apply critical thinking during analyses and solve various business problems, relate global and financial issues to modern business, and so much more.
Benefits of Studying Business Administration
The curriculum of Business Administration is designed to teach students how to plan strategically and create organizational values that would help them master financial principles. In addition, students get a first-hand insight into how best to lead projects across all areas of business.
Through business administration, you get insights into business theories and learn some best business practices. Business majors develop critical skill sets, such as analyzing problems using data analysis. Business majors also have the opportunity to manage large groups of people proficiently and may become adept at fostering professional communications. Various industries look out for such a wide range of skills in business degree earners as provided in business administration. According to a national CareerBuilder survey, 74% of employers plan to hire recent college graduates since 2017, with 30% of respondents choosing business majors over other degrees, and these numbers have taken a steady increase over the years thanks to the various benefits of Business Administration outline which includes;
Advanced Communication Skills
Good communication goes hand-in-hand with leadership. As a good leader, you should also be able to communicate effectively. The communication skills acquired while studying business administration include active listening, assertiveness, considering different points of view, using positive language, and attention to detail. This helps communicate effectively with staff and employers and is a plus when presenting ideas and products. The communication skills acquired by BBA students are one of the most sought-after skills in the business world today.
When studying business administration, the skills and knowledge you gain are not solely from books; you learn theories and how to put them into practice. Through practice-oriented studies, you would learn how to consider real-world situations from a business perspective and how best to tackle them. Furthermore, the course encourages strategic visualization and advanced planning, which you can easily apply in the real world when you start working.
Studying Business Administration is an introduction to a different section of the business world. In today’s world, creativity is one of the most successful traits a business person can have. By studying business administration, you can start entrepreneurship studies, enabling you to plan, design, and create a new business through innovation and implementation of ideas.
Career Opportunities in Business Administration
Career paths in business administration include positions where graduates help companies and organizations meet their financial goals while effectively leading the team. The average salaries for these careers typically range from $55,000-$105,000 per year. The Bureau of Labor Statistics (BLS) projected that employment for these professionals would grow by 7% from 2018-2028, which is higher than the projected growth for more than half of other careers in the United States. These professions include;
- Certificate Public Accountant
- Human Resources Manager
- Market Research Analyst
- Business Consultant
- Financial Analyst
- Business Administrator
- Project Manager
- Data Analyst
- Chief Operating Officer
Back to the question of if Business Administration is a good major, it is more than clear now that the ideal course of study for a student willing to venture into the world of business is Business Administration. The high skills and advanced knowledge acquired during study give graduates an edge in whatever field they find themselves in, plus the increased growth in career opportunities and impressive pay that easily knocks out any other major.