In short, teamwork will make your dreams work. There are business administrators in every professional industry, from technology to social services. The point is there is something for everyone in the world of business, and a business administration education provides you the luxury of being able to find the best fit for yourself. Listed below are the advantages and disadvantages of the course. When studying, there are multiple avenues of connecting with your peers, professors and even guest speakers. Why study Business Administration? The benefits of studying business management are numerous and including prioritization skills, people management and money management. Business administration courses give a better understanding of how a business works and all the fundamentals of running a successful business. Contact FNU’s admissions and financial aid for more information on financing your college career. Marketing jobs frequently incorporate a sales aspect, as that is the goal of marketing. There are a wide variety of degrees you can achieve to start your career by studying business administration. Find Schools. In many ways it does, because businesses create the jobs and economic stimulation we depend on for our existence in our civilized society. With greater job opportunities comes increased pay; according to the Labor Bureau of Statistics, professionals with a bachelor’s degree earn about $400 more per week than those with only a high school diploma. Students studying business administration can have a competitive edge over students who lack a college degree. These professional connections put our students at a more significant advantage when networking. - Enterprise Agility, Biological and Biomedical Much like business administration, marketing is something of an umbrella term, with a vast number of occupations taking shelter under it. The tasks are of course very important and are to handle daily. Some could argue that students could just as easily learn the same skills in other, more affordable ways. One advantage of a degree in business administration is the skills that it teaches. As we mentioned previously, you can potentially do basically anything you can think of with a business administration education. An MBA (Masters of Business Administration) is viewed as being one of the best ways to advance your career.Studies show that the average salary of an MBA graduate is £80,000 pounds. As is the case with teamwork, customer service is in large part predicated on effective communication skills. During their studies, students can build a strong network of professors, peers, and others that is unmatched. It covers all significant elements of business, including finance, marketing, and accounting. Whether it’s at a retail store, fast-food joint, advertising agency or manufacturing firm, treating consumers with courtesy and a friendly demeanor is typically of the utmost importance. This is a considerable amount of time. Because of the essential groundwork and focus on the fundamentals in its curriculum, studying business administration offers students a well-rounded perspective of how businesses work. The time commitment is also significant, which can negatively affect one's finances, which can later impact one's career. Also, a career in business administration is versatile, as people can switch industries without changing careers. An associate degree will prepare you to enter the workforce sooner because of the shorter period of time they take to complete. A business administration degree is one of the most versatile paths you could take as a college student. What are some advantages and disadvantages of business administration? Some of these practical skills include the following: Studying for a Bachelor of Science in Business Administration can take up to four years. When considering potential career paths, a Business Administration degree can provide robust opportunities, but before you jump into your college degree, consider some of the ways that it will change your life and future prospects for the better. Next, studying business administration helps students network and build connections. You will be proficient in a number of roles and more valuable to an employer. Curriculum, relevancy of sample programs, and outcomes will vary by school. During the course of a business administration program, you can learn skills that are not only useful in business settings but in nearly any occupation you may find yourself in one day. Find your PERFECT BUSINESS PROGRAM. Phone: +4472070973841 Email: email@example.com, Best Universities for Business Administration. These benefits don’t end at work. During their studies, students can build a strong network of professors, peers, and others that is unmatched. Consider your degree to be the first step in your career in: Some different ways to apply your degree in Business Administration in these fields include: A business administration degree equips students with the secondary skills required for promotions when they become available. In today’s business world, sometimes it’s not about what you know, but about who you know. From the point of view of management and leadership, it also covers fields that include office building administration, accounting, finance, designing, development, quality assurance, data analysis, sales, project management, information technology management, research and development, and marketing. The first one is the cost, as a business administration degree can be a significant financial burden for some. © copyright 2003-2020 Study.com. Professional relationships have become the new cornerstones of business success. Master of Science in Nursing - MSN/MBA Dual Degree Option, Business Administration, M.A.