Maybe you’re wondering, is Business Administration is a good major?
Does it really offer limitless opportunities? Even I majored in Business!
So, yeah. There’s a lot of hype.
Is business administration really the most in-demand major? Let’s check it out!
Related Guide: 25 Best Business Degrees
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Is Business Administration a Good Major?
Yes, business administration is a good major because it dominates the list of most in-demand majors. Majoring in business administration may also prepare you for a wide-range of high-paying careers with above average growth prospects (U.S. Bureau of Labor Statistics).
Before you decide to pursue a major such as business administration, it is essential to understand the career implications this major may provide.
Some of the questions you might have in this discussion are:
- What is the potential salary for a business administration major?
- Is the business industry projected to grow or shrink in the foreseeable future?
- Will a business administration major provide a career that will give me job satisfaction?
- What are the opportunities for career advancement?
Having solid answers to these concerns can help you feel confident in deciding if a business administration major is a good fit for you.
Business Administration Career Prospects and Growth
Entering a business administration major into a job search engine may not pull up many job listings.
But that isn’t because there isn’t a demand for employees with this major. It’s the exact opposite!
In fact, a business administration major can help equip you with the skill set for a variety of careers across multiple fields.
According to the Bureau of Labor Statistics, the average growth is at 8% for the business and financial operations industry.
A business administration major can help prepare you for a career in a variety of fields with above-average growth. Business administration majors may be found in health care management, business management, finance, accounting, and marketing.
With a business administration major, you may work in a variety of positions with above average growth as seen in these careers.
- Management Analysts: 14% growth
- Appraisers and Assessors of Real Estate: 4% growth
- Fundraisers: 16% growth
- Personal Financial Advisors: 5% growth
- Market Research Analyst: 22% growth
With growth projections like these, you can rest assured that careers in the business industry are projected to grow, making a business administration major a wise choice.
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Business Administration Salaries
A key component in deciding if a business administration major is a wise investment is the projected salaries.
On average, a business professional with a bachelor’s in business administration can expect a salary well beyond the national average.
According to the Bureau of Labor Statistics, some careers in the business administration field include:
|Career||Annual Median Salary|
|Personal Financial Advisor||$89,330|
|Accountant or Auditor||$73,560|
|Market Research Analyst||$65,810|
|Appraisers and Assessors of Real Estate||$58,650|
Regardless of the field that you choose to work in, from health care management to real estate, with potential salaries at nearly double the national average, a business administration major may be an astute financial decision.
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What Can You Do With a Business Administration Degree?
An online business degree in business administration may open doors in a variety of fields with openings for graduates in almost every marketplace.
Skills Developed in A Business Administration Degree
In contrast to some majors, a business administration degree is less about what degree you graduate with and more about the tools and resources you have honed during your education. A business administration major can help you develop skills that may give you a competitive advantage in the marketplace. Through either a traditional or accelerated business degree, a business administration degree may refine your abilities in areas that include:
- Organizational Behavior
- Problem Solving Skills
The marketplace understanding that you may develop through a business degree might strengthen both your resume in securing a job, but also in helping you be successful in that job.
Advancing Your Career
Whether you’re a working adult or fresh out of high school, a Bachelor’s in Business Administration does not have to be the finish line for your career.
For some, the natural progression in your career is completing a Master of Business Administration (MBA) and moving into upper management in your corporation.
You don’t have to put your current career on hold to get your degree.
- Quite a few well-known universities now offer programs online.
- Some accredited colleges offer accelerated online bachelor’s degrees
- You may now get your MBA in one year (on campus or online)
- Want to be called Dr.? Get your Doctor of Business Administration
When searching for a college, make sure you know the difference between AACSB vs. ACBSP before checking the accreditation of a school.
Sometimes, advancing your career may look more like a zig-zag than a straight line. You might move through various departments and seek internal promotions to scale the corporate ladder. This strategy may be strengthened through developing skills that give you an edge over other applicants, such as learning another language.
The world is becoming technologically-dependent at a rapid rate. By diversifying, you may capitalize on this development by building your understanding of IT and how you can use it to do your job more efficiently and effectively.
Getting professional certifications such as a Project Management or Supply Chain certification may also move your resume to the forefront as it shows both your knowledge and your investment into your field.
Business Administration Career Paths
Beginning your career ladder with a business administration major can prove to be very successful.
According to a recent survey, a career in business administration may provide extreme satisfaction with over 47,000 people rating their job satisfaction as 5 out of 5.
Sweetening the deal, employees with a business administration degree can see a healthy increase in their financial earnings throughout their career.
The possibilities that a business administration major provides may allow you to have a career that is not only personally satisfying but also financially rewarding.
Deciding if Business Administration is Right for You
A business administration major can help prepare you to effectively handle business theory and management principles in a professional manner.
If you are interested in developing this skill set in an industry that is growing beyond the national average, providing an above-average salary, with the opportunity for career growth and development, then a business administration major may be a great fit for you.
Joy is pursuing her Ph.D. in Public Policy & Foreign Policy and holds a Master of Business Administration in Strategic Management, as well as a Bachelor's in Business Administration. Joy's focus is helping non-traditional students find accelerated degree options and credit for prior learning opportunities.
If you are interested in developing this skill set in an industry that is growing beyond the national average, providing an above-average salary, with the opportunity for career growth and development, then a business administration major may be a great fit for you.Is business administration a good degree in 2023? ›
Yes, a business administration degree is a good major! It is a top degree choice because there is a demand for it. Nearly every industry needs professionals with strong business and management skills.Is a business admin major worth it? ›
Earning a business degree is typically seen as one of the smartest career choices a student can make. And, if you have good analytical, problem-solving, and decision-making skills, then pursuing a degree in Business Administration would be an excellent choice for a major.Is a business degree worth it in the future? ›
Business Degree Salary and Career Outlook
This is more than $30,000 higher than the median annual wage for all occupations of $45,760. Overall, employment in the business and financial sector is projected to grow 7% from 2021 to 2031, resulting in about 715,100 new jobs over the decade.
A Bachelor's in Business Administration gives you a solid foundation, along with real-life examples and experience that you can use to nurture your own business idea. Business Administration degree programs teach you the fundamentals of how big and small companies run and where they fit into the global marketplace.