With a degree in Business Administration, graduates have numerous opportunities to pursue various types of jobs, including consulting roles with highly attractive salaries.
Business Administration combines the art and science of leading an enterprise and managing a team working together towards a common goal. Outstanding business managers are multifaceted individuals with diverse skills, including the ability to generate creative business ideas and assess the risks that a company may face. They not only have thoughtful insights but also the ability to communicate these directions to subordinates and outline clear plans.
STUDENTS who continuously improve their leadership abilities and aspire to become business leaders can pursue a program in Business Administration. This field of study is available at both undergraduate and postgraduate levels, offering various major and minor specializations in management according to learning needs.
Graduates with a degree in Business Administration can enter various industries, from Finance, Marketing, Supply Chain, Hospitality, Technology, to the Energy sector. Some even join startups or start their own businesses.
Business school faculty members believe that a management degree can be applied in many fields. The reason is that no business (including non-profit organizations) can survive without management. They also note that starting salaries for fields like Accounting or Finance are often higher than for general management roles. However, they emphasize that the diverse skills students acquire throughout their studies will be beneficial for a long-term career path. This is because students are prepared to work effectively.
Moreover, unlike entrepreneurship programs that primarily focus on starting or expanding a business, management programs typically have a broader purpose. Students in this major are often trained to lead a business through various stages of development, from inception to maturity. Flexibility and applicability across multiple industries and countries are significant strengths of management studies.
Experts believe that a degree in Business Administration is a passport to positions such as Accountant, Financial Advisor, Banking Consultant, Human Resources Manager, Management Consultant, and more.
According to statistics from the U.S. Department of Labor, the demand for management-related jobs is expected to grow by 5% in the coming years. “The growth of businesses and the increasing number of new enterprises are driving the need for more managers,” the department’s website explains.
For graduates like Bryce Bowman, an MBA student from the Carlson School of Management at the University of Minnesota—Twin Cities, a degree in Business Administration does not confine one to any specific field of expertise. Furthermore, collaboration between different departments within the same company is becoming increasingly important. Therefore, having knowledge from other branches such as Marketing and Finance creates significant advantages for students with a Business Administration degree.
Jeff Hyman, CEO of Recruit Rockstars—a recruitment firm in Chicago, who currently teaches a course at the Kellogg School of Management at Northwestern University in Illinois, believes that the advantage of having a Business Administration degree is that it provides the necessary insights to immediately make a positive impact in a new job. According to him, “one of the main things employers expect is how long it will take for you to prove your value and generate revenue for the business.“
