What Can Be Done With a Business Administration Degree?
A business administration degree can be applied in almost any business or industry. Those who opt for this major in college often continue their education toward a masters in business administration (MBA). Finding the right career path for your degree will depend upon what your preferences and interests are. Government, retail, international business and management are just some of the fields where a business administration degree can be applied.
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Features
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Business administration degrees offer the student the necessary skills and knowledge to make any business run smoothly and efficiently. Most managers in any field will likely possess one of these degrees. Working with money and dealing with people are some of the skills a business education will provide. This type of education also provides the student with the knowledge to open and successfully operate his own business.
Types
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An associate's degree in business will allow a student to widen her knowledge base in order to be more qualified for potential job opportunities. She will also gain a foundation on which to further her education in the future.
A bachelor's degree in business prepares students for entry-level business careers. Many companies today hire only those who have at least a bachelor's degree. These types of positions include financial services, personnel resources, sales, marketing and economics.
If a student is considering obtaining a master's degree in business administration he will find that his earning potential is higher than others, especially in high-profile careers. In order to obtain the highest paying jobs, many students prefer to continue their studies even further to obtain a doctoral degree.
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Considerations
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Specializing in a certain field can limit a student's career opportunities. Those who choose not to specialize find they have more to offer and many more opportunities available to them. Students can try various fields until they find the area that they enjoy. These careers include but are not limited to accounting, administrative executive, banker, department store manager and school administrator.
Salaries
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Business administration degree holders are in high demand, allowing those who hold these degrees the opportunity to make a sizable income. In the summer of 2007 incomes ranged from $25,000 for an associate's degree to $375,000 for a master's degree. In general a bachelor's degree will earn $2,000 to $5,000 more per year than an associate's degree. Those who opt for a master's degree will earn an additional $7,000 to $11,000 more on top of that depending upon which field they wish to enter upon graduation. The financial industry is the most lucrative for those obtaining a business administration degree.
Tips
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Consider all of the careers available and don't count out those careers that you may not consider to be business related, such as the health industry. Health care administration is a growing field which hires those with business administration degrees.
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References
Resources
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