Career Options for a Business Administration Degree
Students who graduate college with a bachelor's degree in business administration earned on average 16 percent more after a year of employment than individuals with other majors, according to the National Center for Education Statistics. Typically, students enrolled in a business administration program will take coursework in accounting, business law and statistics. These courses prepare graduates for a wide variety of careers.
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Insurance Underwriter
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Underwriters provide the terms of insurance policies and determine whether a person, business, or item is even insurable, based on the risk. Once they determine this risk, underwriters write policies that will cover the risk. Underwriters analyze data in insurance computer software, making computer skills essential to this position. Most of the duties are learned on the job, but, according to the Bureau of Labor Statistics, most employers prefer a candidate with a bachelor's degree in business administration or finance. Specifically, coursework in business law and accounting would be beneficial to an entry-level underwriter. As of May 2008, the median annual wage of an underwriter was $56,790.
Management Trainee
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Management trainee positions typically go to recent college graduates with bachelor's degrees in business management and may last from one to two years in length. Trainees are able to spend time working in and getting to know all departments and job functions of the business. The actual duties of a trainee depend on the industry. Coursework or skills working with spreadsheet software, financial analysis, critical thinking and writing are essential. Management trainees should be patient and able to adapt to new positions and environments. At the conclusion of a trainee program, a participant may be offered a position as a manager in the company.
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Business Consultant
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Business consultants, also called management analysts, help businesses improve processes, manage labor relations, and increase productivity and profits. They identify a business' weaknesses, help resolve conflicts and assist in implementing organizational changes. Consultants may work in a variety of industries, or they may specialize in one, such as retail. As of May 2007, the median wage for a management consultant was $71,150, and the field was projected to grow by 22 percent between 2002 and 2016, according to the Bureau of Labor Statistics.
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References
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