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About This Degree

Earnings Potential
There is great earnings potential with a degree in business administration.  According to a survey by Robert Half International, finance directors earned between $79,000 and 184,000 in 2007. Large business organizations generally pay more than smaller ones and salary is dependent upon one's administrative position, the nature of their work, and the location of their business.  Bonuses and stock options are often ordered as compensation.

Business Administration Facts at a Glance
The key skills to succeeding in business administration are interpersonal skills, the ability to think and act quickly, decision making skills, and the ability to oversee business practices in order to secure its success. Communication skills both on the written and verbal side are a must. Professionals in the business administration field are also required to rely heavily on computers to sort, convey and track information related to their jobs, so some experience and understanding of computers is essential.

Examples/Details of Work
The career field of business administration is extremely broad. Professionals who hold degrees in business administration can lead successful careers as consultants, bank executives, human resource managers, educational administrators, public relations specialists, or Chief Executive Officers (CEO).

Obtainable Degrees
Beyond the given skills required to be successful in the business administration field, there are educational requirements as well. The higher the position a professional hopes to achieve, the more education they must possess. To begin a career in business, a bachelor's degree in business administration (BBA) is a good start. For those who might have already majored in business, accounting,or finance, there are still opportunities to obtain a Masters of Business Administration (MBA). This advanced degree opens doors to either advance within a field where professionals currently work, but is also broad enough to allow for mid-career changes of someone who may work in the hospitality industry, for instance, but feel their efforts would be better spent in the banking industry.

The greatest benefits of majoring in business administration are that it provides a wealth of education to help ensure success, but does not restrict career opportunities. For someone who does not want to focus their entire career on one aspect of the business world, and possesses the necessary qualities to be successful, the business administration field is ideal.

 

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