What is Business Administration?
Business administration is one of the most popular degree choices among students in the United States. The field is highly versatile, making it a perfect selection for individuals interested in pursuing careers in business, management, finance, leadership, and/or marketing. Those enrolled in this type of program often develop a wide range of easily transferrable skills that can be utilized across numerous fields. Ultimately, graduates tend to be well-perceived and prepared to work in almost any workplace.
Many business administration graduates choose to pursue careers in business and financial operations. According to the U.S. Bureau of Labor Statistics, employment in these occupations is expected to increase by 5% from 2019 to 2029. This is faster than the average for all occupations and will account for the addition of 476,200 new jobs to the market nationwide. While several factors are expected to impact this growth, the primary cause will be globalization and an ever-developing economy. Additionally, dependency on the usage of business data and market research to understand clients, customers, and product demand will increase demand for qualified professionals.
As business administration graduates gain expertise in a variety of areas including business, management, finance, leadership, and marketing, they are often able to pursue a range of career paths. Skills in these areas are typically highly valuable to companies and organizations of every type, making it possible to find employment in nearly any industry. While opportunities vary, many business administration professionals are able to choose employment that aligns with their personal interests and/or passions.
Industries that hire business administration graduates most often include:
- Bookkeeping and Accounting Services
- Company and Enterprise Management
- Energy and Utilities
- Financial Services
- Healthcare Services
- Management Consulting
- Non-Profit Organizations
Because opportunities vary so significantly, it is difficult to identify the exact daily tasks and responsibilities of business administration professionals. Expectations can differ wildly from one industry to another. In most cases, the work performed will depend on employer goals, size, and preferences. Additionally, graduates should be prepared to adapt as necessary, as companies and organizations tend to adjust objectives over time.
To ensure business administration students gain the skills needed to thrive in most work environments, many colleges and universities design their programs to focus on skills and knowledge that can be applied over many different fields. Some of the most prevalent topics include analytics, leadership, and research.
In general, jobs in business administration are usually best suited for individuals who gain satisfaction from completing tasks and solving problems. The most successful professionals in the field often possess great organizational, managerial, communication, and mathematical skills. They are also frequently identified as highly self-motivated learners dedicated to pursuing various development opportunities throughout their careers.