According to www.coloradotech.edu,
A Bachelor of Science in Business Administration (BSBA) degree is designed to provide students with a strong academic foundation in core business functions including general business administration, accounting, finance, project management, information technology, human resources, marketing, international business, logistics and organizational behavior. These competencies are flexible enough that upon graduation, careers in a variety of different fields may be available. According to Dr. Tony Lyons, former Dean of Business at Colorado Technical University (CTU), “Students may initially be interested in business administration because they feel they have leadership skills and think they could be successful managing teams, but as they take courses they discover there’s so much more to business administration than management.”
A business administration curriculum is designed to teach students how to plan strategically to create organizational value and master financial principles. In addition, students will have the opportunity to learn how to lead projects across all areas of business. According to Dr. Lyons, one of the best things about a business administration program is that today, coursework is aligned with real-world business scenarios. Dr. Lyons also notes that the competencies and skills are taught from an industry-relevant perspective.
By studying business theories and learning best business practices, business majors may develop critical skillsets, such as knowing how to analyze problems by using and applying data. Business majors also have the opportunity to gain proficiency in managing large groups of people and may become adept at fostering professional communications. Employers from a multitude of industries look for this wide range of skills in business degree earners. According to a national CareerBuilder survey, 74% of employers surveyed say they plan to hire recent college graduates in 2017, with 30% of respondents choosing business majors over other degrees.1
What Are Possible Career Paths with a Business Administration Degree?
While the following positions are only a sample of the possible careers a student with a business administration degree may pursue, they demonstrate the numerous industries and organizational roles that may be available in the business field.
A sales manager oversees a company’s sales team and is ultimately responsible for revenue production within an organization. Responsibilities typically include setting sales goals, analyzing sales data and creating sales training programs for the sales representatives. Sales managers also project sales and assess the profitability of products and services.2 According to the U.S. Bureau of Labor Statistics (BLS), opportunities for sales managers are projected to grow 5% between now and 2024.3
Business consultants, also referred to as management consultants, help companies propose ways to improve a business’s efficiency. They advise managers on how to make an organization more profitable through reduced costs and increased revenue. Management consultants generally organize information about a problem and design a procedure for improvement, recommend new systems and organization changes, and confer with managers to ensure changes are working.4 The Bureau of Labor Statistics indicates the employment of management consultants is projected to grow 14%, or much faster than average, by 2024.5
Financial analysts gather data such as earnings releases, run financial models and make financial recommendations.6 They develop a solid understanding of a particular business, industry or sector, and they deliver presentations that communicate their investment opinions. Financial analysts fall into two categories: buy-side analysts and sell-side analysts. Buy-side analysts usually work for a pension fund or mutual fund company, where they perform research and make recommendations to the fund’s money managers. Sell-side analysts work for a brokerage or firm that manages individual accounts. Sell-side analysts make recommendations to the firm’s clients to buy and sell certain stocks.7 According to the BLS, job prospects for financial analysts are projected to grow by 12% between now and 2024.6
Market Research Analyst
A market research analyst helps a company understand who their customers are, what products they should be selling, and how they can successfully promote those products.8 Market research analysts often design surveys and train and supervise interviewers who conduct the surveys. They then analyze the research and report the results to management. Market research analysts work for employers in a variety of industries and for consulting firms.9 According to the U.S. Bureau of Labor Statistics, job opportunities for market research analysts are projected to grow by 19% between now and 2024.8
Human Resources (HR) Specialist
While the primary function of human resources specialists is to recruit, screen, interview and hire employees, most human resources specialists are trained in all HR functions, and therefore they frequently handle other human resources work, such as employee relations, compensation and benefits, and training.10 These daily tasks could include processing payroll and administering benefits, as well as ensuring all human resources functions are in compliance with federal, state and local regulations.11 The Bureau of Labor Statistics reports job opportunities for human resources specialists are projected to grow 5% between now and 2024.10