But with the world becoming smaller thanks to technological advances, business administration is more complicated and complex than ever.
#SHOULD I MAJOR IN BUSINESS ADMIN VS MANAGEMENT PEPPERDINE CODE#
The ability to spot trends and patterns and to conduct business within a code of ethics would at one time have taken you far. Management, Scientific and Technical ConsultingĪdvertising and Public Relations How do I advance in my business administration career? Here are the most common places where business administration professionals can be found according to the BLS:Īccounting, Tax Prep, Bookkeeping and Payroll Services What kinds of companies hire business administrators? Technology plays a big factor in business, so the more knowledge and experience you have with computers and software, the better you may fare when it comes time to find a job. Employers are now seeking candidates with a DBA and certifications as business becomes more global and fast-paced. For example, an MBA was once a near-guarantee for a great career in business administration. The job market for those in business has become increasingly competitive, and what once worked for job-seekers now requires more education and credentials. Bureau of Labor Statistics 2020 Occupational Employment Statistics How much competition will I face for a job? Marketing Management-10%, as fast as average.Health Care Administration-32%, much faster than average.Food Service Management-15%, faster than average.Human Resources Management-9%, as fast as average.Finance Management-17%, much faster than average.Sales Management-7%, slightly less than average.
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Take a look at how some of the business administration occupations compare as far as job growth (the national average for all careers is currently 8% through 2030 per the BLS): Job Outlook Comparison Over the Next Decade However, job growth will vary by the area of business administration in which you choose to specialize. Bureau of Labor Statistics, the demand for business administrators is expected to grow about as fast as average for all occupations. In many careers, the higher degree you hold, the higher your salary: A bachelor's degree in business administration can add $2,000 to $5,000 or more per year in earning potential, while an MBA can add yet another $7,000 to $11,000, though many MBAs start out in higher-level management jobs with more responsibility, and consequently earn a larger salary that may include a bonus package.Īccording to the U.S.
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It is difficult to know what to expect from a business administration salary, as the discipline opens up many possible career paths, each with varying levels of supply and demand. National long-term projections of employment growth may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth. Actual salaries may vary greatly based on specialization within the field, location, years of experience and a variety of other factors. The salary information listed is based on a national average, unless noted.
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Bureau of Labor Statistics 2020 Occupational Outlook Handbook Take a look at some of the salaries for popular careers in business administration: Business Administration Career Here are some statistics on business administration salary ranges, job growth and employer types for administrators. Median Annual Salariesįocused on the management and operational skills that are crucial to running a business, a business administration background can apply to almost any industry within the business world. Unlike many business fields that channel directly into a predetermined set of careers-accounting, for example-business administration provides the general skills that can transfer into a wide array of careers in business.