Students who are considering their career options may wonder if a business administration degree is worth the effort.
You should consider the overall benefit of a degree before making an investment in your future. In the end, every course of action should lead to a positive outcome – whether that is increased job opportunities, new skills, more earning potential, or more job security.
Business administration programs in general provide a solid foundation in business acumen, leadership skills, operations management, and other key areas needed to manage day to day operations in an organization.
Many employers looking to fill leadership and management positions may look for a business degree as evidence that a candidate is qualified for a position.
Below are some key considerations for determining whether a business administration degree is right for you.
What is a Business Administration Degree?
A business administration degree provides students with the necessary skills for employment in general business administration and management. These education programs train students with a foundation in basic business concepts including:
- Human resources
- Business management
- Finance and accounting
Business administration degrees can help prepare students for careers in operations management, finance and accounting, human resources, marketing, supply chain management, or technology.
What Skills Do Business Administration Students Learn?
Students in business administration learn how the daily operations of companies work. Some of the skills you will learn include strategic planning, decision making, critical thinking, business ethics, management, finance, human resources, marketing, and professionalism.
Online Learning for Business Administration
Many educational institutions are offering online or hybrid learning business degree programs. At MTI College, each of our business administration degree programs are offered in the OnlinePlus format. This allows students to complete most of the coursework online, remotely, with minimal in-person days required at our Sacramento campus.
Job Outlook and Opportunities
According to the US Bureau of Labor Statistics (BLS), the median annual wage for business and financial occupations as of May 2021 was higher than the median of all jobs. There are several different careers that use business administration, so it may be most thorough to compare all the job information on their website. The BLS also projects the jobs in this sector to grow about 8 percent between 2020 and 2030, as quickly as the average across all occupations. Over 750,000 jobs are projected to be created in the business and finance sector over this ten-year period. Many of these occupations require a business administration degree to gain entry-level employment.
Note: The data provided above are from a source unaffiliated with MTI College, are for informational purposes only and represent the employment field as a whole. They are not solely specific to MTI graduates and, by providing the above information, MTI makes no representation, direct or implied, or opinion regarding employability.
Benefits of a Business Administration Degree
There are several practical reasons to pursue a business administration degree.
1. Transferable Job Skills
Business administration encompasses several interwoven disciplines that a useful within any organization. Graduating with a business administration degree can allow you to move into different specialties, building on a solid foundation of general business competency. Some of the transferrable business skills that can be utilized across your career include business processes, human resource management or marketing and sales. By earning additional certifications or real-world experience, you can establish your expertise as a field specialist.
2. Market Demand
With hundreds of thousands of jobs in business and finance projected to be created over the next decade, this means companies will need qualified candidates to fill these roles. By earning a degree in business administration, this can open up many different potential career paths.
3. Earning Potential
According to the BLS, the average median salary for selected business and finance positions is considerably more than the median of all jobs, as of 2021. Having skills such as operations management, finance, or resource management can be a vital part of unlocking earning potential.
4. Versatility and Flexibility
One reason you may choose to pursue a business administration degree is for more flexibility in career options. Every organization needs personnel with business savvy who can ensure business operations run smoothly. By learning business admin skills, you open yourself up to a wide range of job possibilities. Some of the types of organizations that need candidates with business acumen include healthcare, financial services and accounting, technology, retail, and logistics.
5. Career Advancement
In your corporate career, you may work in different positions and departments as you advance. Some management positions may require a business administration degree to qualify. By earning a business admin degree, you may gain an advantage over other candidates.
6. Leadership and Management
In a business administration program, you will learn leadership skills, and fundamentals for managing daily operations. By learning the different aspects of business, such as finance, resource management, and operations, you will be better able to manage effectively. Some employers look for managerial candidates with business degrees, as they understand how to achieve business goals.
Launch Your Business Career Path
The Business Administration Degree program at MTI College provides students with business training in general administrative skills and business management principles. Students will receive a diverse set of skills, equipping them to enter a successful career in business administration and management.
This class is offered in our OnlinePlus format. Students can complete most of the coursework online, with minimal days required in-person at our Sacramento campus.