What is Business Administration?
It is no surprise that the number one industry in this state is the arts, entertainment, recreation, accommodation, and food services industry. The reason for the arts industry sitting at the top of the state’s industry revenues is, of course, Las Vegas. Tourists who want to see shows, shop, and gamble flock to this city; they rent hotel rooms, seek out entertainment and want to eat. Las Vegas is one of the best-known destinations for all these things in the US. One of the most recent years of revenue this industry earned in Nevada equaled $27.9 billion.
Other industries such as real estate, rental, and leasing and professional/business services; which earned $25.4 billion and $25.4 billion, respectively, are right behind the arts and entertainment industry in the state.
Las Vegas may rightly be called a one-industry town. With the arts, entertainment, accommodation, and food services industry all within the service sector, it’s no wonder this industry has long been the biggest driver of the site’s economy.
Las Vegas has been reinventing its economy by adding new technology to the current industries; by using already-standing buildings in the downtown Innovation District and including the Smart Cities initiative, Las Vegas strengthens its economic stature, which has allowed it to weather difficult economic times a little more easily.
In a city like Las Vegas, which relies heavily on a variety of entertainments, businesses and government agencies need strong business managers and administrators. These professionals must be skilled in management and business finance due to the amount of money their organizations handle and the number of people they employ. These professionals are also required to lead and direct various areas of business operations and to maintain profits.
Online Business Administration Education in Nevada
A business administration professional can hold many roles in small businesses and the corporate world. However, most administration professionals hold similar responsibilities across these various titles. They may be at the head of their organization, focusing on revenue, or they may be focused on maintaining the company’s reputation if their focus is public relations. Any department within an organization can have their own business administration professional at the helm, so it’s difficult to provide a rundown of their responsibilities without knowing which title you will ultimately hold.
Depending on their relevant business experience, graduates from business administration programs could be leading one of any number of departments within an organization. This could be in operations, accounting, sales, or marketing, or they could find themselves in a CEO or other C-suite position.
Typically, a business administration professional holds a degree in business, accounting, marketing, or a closely related field. If they are working for a large corporation, they may have had to show proof that they hold either multiple degrees or advanced degrees in business administration. Earning a Master in Business Administration (MBA) may be a requirement or at least a preference in hiring. In addition, professional certifications may give an applicant a coveted edge.
Online Associate Degree in Business Administration (AS)
For prospective students who want to earn their Associate of Business, this degree offers them the equivalent of the basic principles of a four-year Bachelor’s degree in Business Administration. Specifically, it should include the general education courses that every bachelor’s student will take and, depending on the program you choose, you may have the option to transfer to a four-year program and complete said program in just two more years of study. There are options at the associate degree level that have agreements with four-year Nevada universities to allow easy transfer. However, make sure that you check for that first if your goal is to save money on your first two years of college and then transfer. Not all institutions have these agreements.
As students compare a Business Administration or Business Management degree programs in Nevada, they should explore which programs are accredited. Only accredited programs can provide easy transfer and access to federal student financial aid. Students should also explore the student learning outcomes at each community college they are interested in. They should see whether each program incorporates both managerial and financial accounting principles for data planning and control; goes over the planning, leadership, organization and control functions of management; includes business principles with the practice and theory of business operations; etc.
Online Bachelor's Degree in Business Administration (BS)
For students planning to become a business administrator in Nevada, beginning with a Bachelor of Science in Business Administration, Management, or a related field would be an excellent start. These programs can prepare students to work in management positions in a variety of industries and business sectors, depending on their interests. This includes banking, healthcare, finance, service providers, retail, and hospitality.
Students interested in careers in marketing, human resources, or other business-related fields may be able to find programs with concentrations available. In this way, you can gain a boost into management while also gaining specialized knowledge in the field of your choice.
Online Master's Degree in Business Administration (MS)
Students should have no problem finding a master’s degree focused on management. These are some of the most common graduate programs across the whole country. These programs often emphasize both innovation and workplace growth. In a leading management position, the professionals who have the confidence to lead entire organizations and motivate the employees within, will be highly sought after candidates. Even an online business management degree will give graduates a strong launching pad.
A Master of Business Administration (MBA) degree program will emphasize well thought-out growth strategies for the success of an organization and is highly sought by employers looking for candidates who will go above and beyond for their company and have the knowledge to help an organization flourish.
A report from the Graduate Admission Council states that those who complete their graduate program in business recover their tuition investment in about four years. And many MBA programs encourage students to specialize their education according to their professional goals; this means using specializations or concentrations such as those in renewable energy, accounting, information technology, entrepreneurship, or finance to ensure that they have targeted knowledge that will advance their careers.
Online PhD Degree in Business Administration (PhD)
A PhD in Management program offers the most up to date education in applied and basic research. For those who are thinking about entering an academic career, this degree can provide you with the ability to earn tenure and become a subject matter expert. Faculty members may focus on research in one of many areas such as organizational behavior, game theory, strategic management, behavioral finance, human resources management, judgment and decision-making, entrepreneurship, business ethics, careers and leadership, etc.
In addition to an academic career, graduates may be attracted by the prospect of writing journal articles and having them published in the top business journals. PhD candidates are also encouraged to collaborate with other academic disciplines.
Become a Business Administrator in Nevada
Unlike some professions, like doctors, nurses, or cosmetologists, those who wish to become businesspeople don’t have to worry about earning certifications or licensure in order to work in their chosen career. The only requirement is that you have the amount of education required by However, that doesn’t mean that there aren’t certifications that can help you succeed or even gain access to promotions and higher pay. Here are just some of the options for those who are interested in earning some kind of certification in business.
- Certified Business Analyst Professional (CBAP)
Those business professionals who analyze the needs of businesses and develop solutions may want to consider this certification or one that is similar. This certification is intended for leaders and managers who have accumulated more than five years of business analysis experience. They need a minimum of 7,500 hours of such experience earned over the last ten years with 900 hours directly related to four BABOK Guide knowledge areas and 35 hours of professional development credits earned over the past four years.
- Professional Certificate in Team Leadership
As the title says, this certification helps business professionals focus on making their leadership skills more effective. Team leaders learn about leadership styles, effectively managing priorities and time, communicating positively, leading a team through changes, and improving team performance.
- SAP Certified Application Associate (CRM)
SAP is a multinational software program that stands for systems, applications, and products and is used to manage organizations’ business operations and relationships with customers in manufacturing and supply chain, human resources, sales, and marketing.
- Certified Supply Chain Professional (CSCP)
This certification focuses solely on supply chain management. It helps operators, leaders, and supervisors develop into qualified supply chain professionals by teaching supply chain concepts and technology, as well as covering strategies for smoother end-to-end operations.
Potential Careers for Business Admin Graduates
- Administrative Coordinator
This professional is responsible for creating and putting schedules into action, communicating with staff members or clients in need of assistance, and ensuring records are organized. They also keep work flowing smoothly across an organization, using effective management in various departments.
- Branch Manager, Banking
A banking branch manager is the executive who is responsible for a branch office of a bank or another financial services company. They handle responsibilities such as hiring employees, managing the approval of loans or lines of credit, marketing, helping with customer relations, and developing a rapport with the community so that new customers open accounts.
- Financial Advisor
A financial advisor assists their clients in planning for short- and long-term financial goals. This may include paying for the educations of their children, buying a home, and retirement. They may also offer investment, tax, and insurance advice.
- Accounting Associate
An accounting associate helps accountants and auditors with their bookkeeping and administrative tasks. They also carry out clerical tasks like answering the phone, filing, and handling basic bookkeeping, preparing financial documents, and payroll processing. To be hired for this role, they need to be familiar with well-known accounting software programs; and have a solid grasp of basic accounting methods and practices.
- Product Manager
Product managers hold a wide range of responsibilities, all having to do with the life cycle of a product. This professional is responsible for supervising a product, or part of a product, from ideation to distribution.
- Project Manager
Project managers take responsibility for one large project. They handle everything including planning the project, developing a schedule and timeline, carrying out each phase, managing the budget, acting as liaison for stakeholders, as well as troubleshooting and maintenance. This professional must be detail oriented, highly organized, and have top-notch people skills.
- Supply Chain Manager
A supply chain manager is in charge of every phase of the organization’s supply chain; they handle purchasing the raw materials and oversee the production of the product. They are also responsible for making sure the product arrives at the right time, setting up storage for the shipment, and ensuring nothing is missing or damaged.
- Non-Profit Director
Non-profit directors have to follow the laws of their state in regard to which kind of management and governing structure their non-profit may use. They may be managed by voting members, a board of directors, or a combination of both. However, other than specific, state rules, non-profits are much like regular businesses, with their goal being to offer a service and their income coming from the sale of that item or mostly from fundraising.