Do you gravitate towards leadership positions? Are you someone who prefers to focus on the entire machine over the individual (though important) cogs? Are you hoping for a career that offers flexibility and values adaptability? If so, then perhaps you should consider pursuing business administration.
As a business administration major, you will learn how companies and corporations operate effectively and run smoothly. You will study how to evaluate both quantitative and qualitative data and how to craft a strong business plan. Additionally, you’ll learn about cost management, fostering a productive atmosphere and perhaps most important, business ethics. Finally, though you will study a broad range of topics, many programs require their students to select a concentration. These can range from entrepreneurship and pre-law to finance, marketing, international business and information systems.
The successful business administration major draws on a variety of skill-sets. The discipline is well suited to students who have an analytical mind, particularly those who have an aptitude for quantitative reasoning. Moreover, it’s important to be able to both focus on and understand the “big picture”; those who thrive in business can see the forest through the trees. Finally, frequent collaboration is expected (in academic and professional settings). Therefore, strong interpersonal and communication skills are essential for anyone entering the field.
Nuts and Bolts
Business Administration covers a wide spectrum of topics including: Business Calculus, Managerial Accounting, Ethics for Business, Introductory Macroeconomics, Investment Planning, Statistical Methods, Financial Management, Decisions Analysis and Management Science, Competitive and Strategic Analysis and Financial Theories and Markets.
Business administration majors are obviously curious about all facets of business and frequently consider studying accounting, finance, actuarial science, marketing, economics, entrepreneurship, human resources management, statistics, communications, international business, operations management, hospitality and real estate.
The advantage of a degree in business administration is the professional versatility it allows. Graduates can work in the public or private sector, for the smallest non-profit or the largest corporation. More specifically, some majors choose to pursue careers in human resources, focusing on aspects like hiring, firing and administering benefits packages. Others seek positions in marketing, helping companies hone their message and reach their targeted demographic. Certainly, some decide to go into accounting, ensuring both companies and individuals remain financially solvent. Business administration majors also become financial analysts, entrepreneurs, stockbrokers, supply chain analysts, information systems manager, consultants and real estate moguls (we weren’t lying when we said this was a versatile major). Of course, many business administration majors ultimately decide to further their education and earn an MBA. Attending a graduate program will likely increase your opportunities as well as your paycheck. However, it should be noted that most business schools prefer applicants with at least a few years of work experience. It is therefore recommended that students do not apply directly out of undergrad.