Is Business Administration a Good Major?

For aspiring business students, majoring in business administration can be a strong stepping stone into a successful and fulfilling career. Of course, people who are unfamiliar with this major might not agree. They’ll have questions and concerns such as ‘Is business administration a good major?’, ‘Is it too general for your needs?’ or ‘Does it provide enough opportunities for advancement?’

To settle your concerns, this article discusses the various ways a student can benefit from a business administration major. 

Is Business Administration a Good Major?

If you’re interested in pursuing a business-related career, then business administration can be the best major for you. However, people still question, ‘Is business administration a good major?’ Well, let's look at some common benefits of this major to clear your doubts:

Lots of Job Opportunities

People often overlook the wide range of job opportunities it offers. The knowledge and skills you gain from this degree apply to most business operations. This makes it easier to enter different fields in business, like human resources, management, accounting, etc, without much trouble. 

Even if you don’t want to pursue typical business jobs, you can still apply for creative fields, like marketing or public relations.

Be Your Own Boss

Now, if you're an aspiring entrepreneur who wants to start a business, this degree still applies to you. A business administration major can equip you with all the necessary skill sets to build your own business from the ground up. 

All you need is a business idea, and you’ll be set on the path of becoming your own boss. However, you’ll only find self-employment in accounting and finance, business consulting jobs, or other fields supporting business and financial transactions.

Development of Skills

As suggested earlier, studying business administration will equip you with real-time practical skills necessary for business occupations. Some of them include:

• Communication: It might not seem like much, but effective communication is a vital skill set when managing a business. You’ll need it to prevent misunderstandings among your team, introduce products, and negotiate deals.

• Leadership: This skill doesn’t come naturally to most people. However, through a business administration major, you can acquire leadership qualities like managing your team, making strategic decisions, and tackling challenges head-on.

• Creativity: The need for creativity in a business comes in when you want ideas for marketing, product development, and business strategies. It’ll also help you think outside the box for unique ways to solve business problems.

Networking Possibilities

Another advantage of studying business administration is being introduced to networking opportunities from the get-go.  As a student, you can create valuable connections with like-minded students, professors, recruiters, and industry professionals. Eventually, these connections will give way to future job opportunities and collaborations.

Now, if you’re unfamiliar with the ins and outs of networking, don't worry. With this major, you’ll be there learning about the different types of networking, how to use them, and how to benefit from them.

High Earning Potential

Is business administration a good major for students whose main motivation is a well-paying job? Data from the US Bureau of Labor Statistics shows that people with a business degree earn an average annual salary of $71,000. Within a few years, you might have a good chance of getting a salary increase.

However, all of this mainly depends on the level of education you have and the specific career you choose. For example, a bachelor's degree in business administration could increase your earnings by $2,000. However, a master’s degree might increase it by $7,000.

FAQS

What is the highest-paying job in business administration?

Top-paying jobs in business administration include Chief Financial Officer (CFO), Chief Executive Officer (CEO), and Vice President of Operations. Of course, these jobs require extensive experience and a strong track record in business leadership.

How long does it take to complete a business administration degree?

Depending on the type, earning a business degree can take anywhere from two to six years. For instance, earning a bachelor’s degree may take four years, while a graduate degree could take an additional two years.

Can I work while earning my business administration degree?

Yes, students can work while earning their business administration degree. Many universities offer online programs that allow you the flexibility to create your own schedule and participate in classes at a set time. 

Conclusion

If you're considering a business career and wondering, "Is business administration a good major?" the answer is a resounding yes. Whether you aim to work in a corporate setting, start your own business, or explore creative fields, business administration provides the necessary foundation for success.

Want to learn more about business administration and other similar majors? Check us out at National Louis University for more information.