The world of business is changing continually at a rapid, unyielding pace.
Tomorrow’s business leaders are acquiring skills and training to help them succeed in this changing environment. Corporate employers and C-suite decision makers look for candidates with education, skills, and an entrepreneurial mind.
The truth is, business skills are always in demand, and business administration degrees are some of the most popular degrees in the US. Savvy candidates understand that business management skills are one of the keys to a career full of potential and possibilities.
If you have ever considered studying business administration and enrolling in a business program, we’ve listed some of the main reasons students choose to study business administration.
What Do You Learn in a Business Administration Program?
Business administration students learn the fundamental principles of business management, human resources, accounting, and finance, marketing, policies and compliance, operations management, leadership, and entrepreneurial characteristics.
Why Study Business Administration?
A business degree provides the academic knowledge and necessary skills to pursue career opportunities. Organizations of all sizes need people with business acumen in operations management, human resources, finance, project management, and leadership.
Many employers look specifically for candidates with training, education, and experience in business administration. Accredited educational institutions can provide the necessary training and knowledge that prepare students for the beginning of their careers. Business administration degree programs can provide students formal training in finance, accounting, human resources, business management, marketing, entrepreneurial mindset, critical thinking, and business policies.
Here are specific reasons you might choose to study business administration in a formal degree program.
Versatility Gives You a Wide Choice of Career Paths
The skills you will learn in a business administration program can help you unlock a wide array of potential job opportunities. The flexibility of a business degree helps candidates stand out in a competitive job market. Some of the career paths you might choose to pursue include:
- Operations manager
- Sales manager
- Administrative services management
- Distribution manager
- Community service management
- Industrial production management
- Management analysts
Career Growth Potential
Some leadership positions require candidates to have a business degree before they can be considered for an offer. The Bureau of Labor Statistics lists over twenty career roles that require a degree to land an entry-level position, including:
- Financial analyst
- Human resources management
- Business management
- Market research coordinator
- Real estate assessor or appraiser
- Healthcare management
- Sales management
- Information systems management
- Supply chain management
By demonstrating to hiring managers that you have the discipline to finish a business degree program, you will who you have the patience and determination to work in business leadership.
Connections and Networking
Building friendships during your business degree program allows students to form alliances with like-minded people. As you complete your training, you will meet acquaintances, instructors, and students who may be instrumental to the early development of your career. Contacts that you meet in business school may become part of your network, from which you may receive referrals in the future. Work on expanding your business network, as that can provide opportunities down the line.
Investment and Finance/Financial Management
Every company and organization rely on competent financial management and guidance. Companies need to turn a profit to operate and understanding how departments work together to produce a financial outcome is essential to a successful business management career. Business degree programs can provide the necessary training for students to understand investments, accounting, funding, budgeting, raising rounds, and controlling funds.
Learning About Entrepreneurship
After graduation, you will have ample opportunity to work at successful companies. But perhaps your ultimate goal is to launch your own company or work for yourself. More students are pursuing an education in business school in order to learn about entrepreneurship. Learning about running your own business can help you validate business ideas, makes plans for a launch, and put you on the path to becoming your own boss. Who knows, you may meet a future business partner in business administration class.
Career paths in business administration are typically either leadership or management roles. During your education, you will learn critical thinking, problem solving, and decision-making methodologies. As a leader of people within an organization, you should have the training necessary to solve issues, foster a culture of teamwork, and motivate people to accomplish a goal. Business degree programs are specifically designed to give students a well-rounded curriculum that trains them in certain skills, such as: troubleshooting problems, communication, human resources, finance, decision making frameworks, team leadership, operations, and marketing.
Effective communication is an essential part of leadership and management. Whether you are motivating employees to complete an initiative, writing a pitch, sending a crucial email, or talking with strategic partners, communication plays a central role.
Communicating with people is not always easy. Your team, partners, investors, and stakeholders are likely to have different worldviews, motivations, and personalities. Steering different people in different positions of relative power to accomplish business goals is a talent and a skill.
Listening is also an important part of communication. Good leaders encourage two-way dialogue, and actively listen to their team, while listening to different points of view. Negotiations, articulating a point concisely, and managing projects all rely on effective communication across different mediums.
Business Skills Can Put You Ahead of the Competition
Business leadership jobs are highly competitive, and for candidates without hands-on experience, education can be a way to differentiate yourself from the field. When hiring managers see you have the training and skills to be an effective leader, they may have more confidence letting you run a department or operations. The less onboarding you have as a new hire, the more appealing of a hire you may be for a large organization.
Marketing Management Skills
Brands are built on visibility, marketing, and strategic promotion. Having a basic understanding of marketing principles and methodologies will help you play your roles in an organization’s growth. Business administration programs often teach students about creating marketing plans, marketing strategies, and building campaigns for a service or product line.
Develop Integral Management Skills
Studying a program in business administration will teach you crucial management skills that will make you valuable to any company. A large part of oversight is being able to respond appropriately to problems and propose solutions that help achieve business objectives. Some of the key business management skills you will learn include:
- Human resources
- Service Operations
- Finance and Accounting
- Critical and Strategic thinking
- Reporting and Presentation
- Project Management
Learning a general overview of how business works at a macro level will help you make managerial decisions in real-world situations.
Ready to Take the Next Step in Your Business Administration Career?
If a career in business administration is your goal, the Business Administration Degree Program from Campus, formerly known as MTI College, provides the tools to begin your career. Our fully online course provides students the knowledge and training to confidently pursue a career in general business administration.
Whatever your business education objectives are, Campus is here to provide training and resources for students who want to start a successful career. Click the link below for more information.