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What Is Business Administration and Where Can It Take Me?
Business administration professionals handle a vast array of routine management duties and are responsible for keeping private and public businesses as well as non-profit organizations running smoothly. This covers everything from organizational efficiency, future planning, human resources, accounting, marketing, financing and a potentially endless combination of operational duties and responsibilities.
People who are natural leaders and excel in management roles are ideal business administration candidates. Students in the business administration program at Upper Iowa University learn an array of skills and hone their communication and leadership abilities to ensure they graduate with the confidence, composure and knowledge to be a valuable asset to all types of businesses.
Business administration education is comprehensive in its scope, because management professionals are expected to grasp the whole scope of a business’s goals, condition and operating structure. That’s why business administration majors gain a broad base of knowledge in all the various School of Business disciplines. The program includes courses on human resources, operations, economics, financing, accounting, consumer behavior and more.
Students pursuing careers in business administration also need a solid grasp of business law, as one of management’s most important roles is maintaining relevant regulatory compliance.
What Are Some Jobs I Can Get with a Degree in Business Administration?
There are an array of doors an undergraduate business administration degree can open. Keep in mind that the curriculum for this degree gives students an overview of virtually every relevant aspect of business management. If you’re not enthralled with the prospect of working in the private sector you can also rest assured these same skills are valuable in the public sector and non-profit organizations as well.
Many recent graduates take entry-level roles in human resources, operations, finance, accounting, marketing or analysis.
Business administration is also a popular degree path for students who dream of being successful entrepreneurs. The comprehensive nature of the business administration path should equip every student with the basic knowledge necessary to start a business and make informed decisions about everything from establishing organizational goals and budgets to negotiating contracts and tracking and analyzing key performance indicators (KPIs).
Enrolling in a Master of Business Administration (MBA) Program
It’s relatively common for business administration majors to graduate, enter the workforce for a couple years and then apply to a Master of Business Administration (MBA) program. These programs often give students the opportunity to choose an area of emphasis on which to focus their studies. For example, the MBA offered by Upper Iowa University offers five potential areas; accounting, corporate financial management, general management, human resource management and organizational development.
Students interested in furthering their career prospects need not immediately apply to an MBA program. In fact, many program applicants are returning to school after several years or even decades of professional experience.
Both Upper Iowa University’s major and master’s in business administration programs are offered online, which provides the flexibility full-time working adults and distance leaners need to expand their leadership, business and management knowledge.
A 2012 survey performed by the National Association of Colleges and Employers found that business administration majors who obtained a B.S. earned on average a starting salary of $52,500. MBA holders were earning an average starting salary of $64,100.
The study also found that on average the highest paying industries for business administration professionals were corporate management, manufacturing and wholesale trade. The study found the most lucrative positions for students who only earned a bachelor’s degree were those in financial management, with an average salary of $65,000. The same is true for those who earned an MBA, with an average salary of $87,000 for financial managers in the finance and insurance industries.
Learn More About Your Options
If you believe you’re a natural leader and you excel at motivating people, being detail-oriented and innovative, then an education in business administration may be the path for you. We invite you to learn more by contacting Upper Iowa University and speaking with one of our knowledgeable admissions specialists about how you can apply.