Why Study Business Administration? Do It For All These Benefits!

There is a multitude of great reasons to study business administration. From opening doors in your current job to launching you on a unique career path, business administration can set you on a trajectory to success.

Let’s first take a look at what business administration is, and then we’ll get into what you can do with a degree in the field.

What Is Business Administration?

In broad terms, business administration is the study of the science of business. Students learn the hard and soft skills required to become strong and effective leaders and team members.

Almost everyone has a vague idea about what being in business requires. You are likely familiar with terms such as human resources, market analysis, accounting, IT, and CEOs. The people who work in these areas are all business administrators using their knowledge and abilities to keep an organization running smoothly and profitably.

Business administrators possess both soft and quantitative skills. Examples of soft skills are:

• Effectively communicating ideas
• Inspiring confidence
• Providing constructive feedback
• Public speaking
• Thoughtful listening
• Time Management

Hard skills, also known as quantitative skills, are measurable. Business administrators use these objective skills to gather and analyze data to keep operations running smoothly. Hard skills are used in:

• Surveys
• Accounting
• Compiling statistics
• Market analysis
• Profit and loss assessments

As a business administrator, you will emerge from your studies with a solid understanding of accounting, finance, and marketing, as well as a concentration in an area of particular interest to you.

Source: Unsplash

What do you learn in business school?

When you complete a business administration program, you will graduate with either a bachelor’s degree in business administration or a bachelor of science in business administration. Your journey begins with courses like economics, accounting, marketing, statistics, and entrepreneurship.

From there, you’ll build on that foundation and choose more advanced courses according to your interests or the concentration you’ve chosen. The subject selections are as diverse as the business world is and include classes on management theory, organizational behavior, and new business investment.

Course work is designed to prepare you to navigate risk, uncertainty, and change. The business world is consistently evolving, and business administrators need to be prepared to do the same. Studying business administration at the undergraduate or graduate level is exciting and hard work, but the learning isn’t limited to textbooks, lectures, and coursework.

Students in business administration have opportunities to forge life-long relationships with other business-minded scholars and network with corporations! Some of the most successful business partnerships began in college. WordPress, Yahoo, and Time magazine are just a few examples of businesses started by college students!

Business Administration Benefits

If you’re looking for a value-added education, consider that business administration remains firmly on the list of the top 10 in-demand degrees. The fact remains that the number of employers who require bachelor’s degrees continues to increase. Last year, 65% of all jobs in the U.S. demanded that prospective employees possess post-secondary education and training beyond a high school diploma.

A business administration degree tells a prospective employer that you possess the essential business-related training and education that will be an asset to their company. Aside from your concentration, you have a broad knowledge of the expertise it takes to run a successful business.

Speaking of expertise, what can you do with a business administration degree? Plenty! Because of the depth and breadth of business, it’s a good idea to consider what you’d like to do after graduation.

This degree can open doors to work in finance, human resources, management, and consulting. It can also provide advancement opportunities if you find yourself already in a great company but wanting a better or different position.

Jobs for business administration degree holders include:

• Advertising
• Computer Technology
• Administration
• Human Resources
• Sales
• Public Relations
• Finance
• Engineering

Is Business Administration a Good Major?

A business administration degree helps you forge a path to a secure career. The U.S. Bureau of Labor Statistics has projected that business occupations will grow 8% from 2020 to 2030. That means an impressive 750,800 jobs will be added to the labor market.

Whether you’re young and just out of high school or a bit older with family and work commitments, college is an investment of your time and hard work. It only makes sense to choose a degree that will allow you to reap personal and financial rewards.

According to the U.S. Bureau of Labor Statistics, business occupations pay much higher with a median annual wage in May 2020 of $72,250 compared to $41,950 for all occupations.

The business administration degree is an excellent path for business-minded students. The knowledge and skills that are learned aren’t just specific to office settings either. They can be transferred to a variety of careers including fashion, the arts, hospitality, music, and sports.

Source: Unsplash

Studying Business Administration At University Of The People

The University of the People offers a Master’s, a Bachelor’s, and an Associate Degree in Business administration. The accredited programs are 100% online and tuition-free.

Course content is prerecorded providing the flexibility that allows you to work out your study time according to your schedule. No more hardships like rushing from a job to try to get to class on time or being stressed about how to pay for the education that will help you to realize your dreams.

UoPeople has eliminated some of the traditional barriers to college that many people face. In addition to being tuition-free, the university has set up lower entrance requirements. Prospective students only need to demonstrate proficiency in English and have a high school diploma or equivalent.

The Bottom Line

Studying business administration remains unique among most post-secondary offerings because of the wide range of opportunities it offers degree holders. Your broad business knowledge creates so many career potentials. Whether you knock on corporate doors or choose to start your own business, your hard work and your degree will set you on the path to success.