#business administration jobs
Business Administration Jobs
Business Administration Job Overview
People interested in a business administration job have a broad range of occupations and sectors from which to choose. A business administration professional handles the business, financial and administrative functions of a company on a day-to-day basis. The job is typically built to handle a specific department of a business such as finance, marketing, accounting or logistics. Job titles might include general manager. hospitality manager, retail manager, or sales manager .
Daily Business Administration Tasks might include:
- Management of employees
- Carry out company goals, policies and procedures
- Hire employees
- Oversee financial and budgetary activities
- Consult with colleagues to improve business policies and procedures
- Negotiate with suppliers and purchasers
- Apply new software or technology to streamline workloads
Business Administration Job Education Requirements
Entry-level positions in business administration usually require at least an associate’s degree from an accredited college or university. This can help candidates acquire valuable on-the-job training, which can lead to higher positions. Earning a bachelor’s degree allows a potential employee to move into an entry-level position with a higher base pay.
Those looking to truly excel on the job obtain an MBA (Master’s of Business Administration), which is a highly respected, notable degree that allows for maximum earnings potential.
Other individuals may complete a certification program from the Institute of Certified Professional Managers to get a Certified Manager (CM) credential.
Business Administration Job Market
Because of the vast amount of positions available for business administration professionals, the job market is always hiring. Depending on the specific field, growth over the next 10 years will be between 1 percent and 23 percent, with the healthcare field experiencing the most demand. Certified individuals can increase their employer desirability immensely with the proper accreditation, but the job market is still open to fluctuations in supply and demand with each individual’s area of specialization.
Business Administration Job Salary Information
Median salaries commensurate with experience and job field, ranging from $46,000 to $119,000. Education also plays a vast role in the amount of earning potential for each individual. A bachelor’s degree can increase yearly pay by $2,000 to $5,000, while a master’s degree can increase salary by $7,000 to $11,000 annually. The higher a person moves up in business administration, the more likely that they will also be a recipient of a bonus package based on performance in their respective role. CEOs can make as much as $1,000,000 after bonuses.