A business administration degree can be just what you need to propel your career forward. This degree is incredibly versatile and widespread in its scope. It opens doors to a plethora of rewarding opportunities. You can work in any sector you’d like, whether a for-profit, non-profit, or public organization; there is always demand for administrators and managers here. They need individuals with the knowledge, skills, and business acumen to drive growth, innovation, and success.
Business Administration programs are one of the most sought-after degree programs worldwide. The demand for skilled administrators grows as the business landscape becomes more cutthroat and dynamic.
This blog will explore five rewarding careers you can pursue with a business administration degree.
So, let’s dive in!
- Sales Representative:
A sales representative plays a pivotal role in understanding the needs and demands of customers and clients. They connect with customers and sell products and services. In more ways than one, they are customers’ first and last touch-point.
They need to understand business concepts like finance, business strategy, marketing, and sales; the best way to gain them is through a business administration degree. Hence, whether they sell low-involvement products like crisps, chocolate bars, and detergents or high-involvement products like cars and electronics, a business degree equips them with the necessary knowledge and business acumen to close the sale.
The average salary of a sales representative in 2023 is approximately $60,710. This figure depends on the company size, location, product/service type, and commission rate. Pursuing an online Masters in Business Administration (MBA) can further enhance your earning potential and make you a desirable candidate. According to the Bureau of Labor Statistics, the job outlook for wholesale and manufacturing sales representatives is projected to grow by 4 percent from 2021 to 2031.
If you have good communication and negotiation skills, then a career in sales can be a lucrative choice. Your degree will provide a solid foundation so you can excel in your sales role.
- Medical and Health Service Managers:
Medical and health service management is another promising career path for business graduates. If you step into this field, you’ll have to play a crucial role in managing a healthcare facility and ensure that everything is prim and proper from an administrative point of view. Your primary responsibility is to ensure that all operations run smoothly and efficiently.
You must also look into factors like recruitment and training staff, overseeing healthcare history and records, scheduling healthcare providers from one shift to the next, and even corresponding with insurance and medical equipment representatives. Simply put, you focus on direct patient care’s managerial and administrative aspects.
To pursue a career in healthcare administration, entry-level positions require a Bachelor’s in Business Administration (BBA) or a Bachelor’s in Health Administration (MHA), public health, or nursing. You must have a Master’s in Business Administration or and Master’s in Health Administration (MHA) to be promoted to executive positions and to maximize your learning potential.
The average salary of medical and health service managers is approximately $88,598 nationwide. This depends on the healthcare facility’s location and scope of operations. The job outlook for medical and health service managers from 2021 to 2031 is projected to grow by 28 percent.
- Banker:
Banking offers a wide range of career opportunities for business graduates. You can explore career paths such as personal banking, wealth management, investment banking, and bank management. Personal bankers work with clients and address their financial needs and advise on facilitating mortgage and auto loans. Investment bankers assist large organizations in raising capital and making lucrative financial investments. Commercial bankers assist businesses in setting up commercial accounts, taking loans, and managing funds. You can pursue this career path with a BBA or MBA specializing in finance, accounting, and banking.
Regarding average salary, the banking sector has some of the best salary packages based on your expertise and scope of operations. Personal bankers and tellers have an average salary of $37,639. Commercial bankers have an average salary of $65,987, while investment bankers have an average salary of approximately $115,624. With the banking industry proliferating, various professional opportunities are set to arise in the next few years.
- Human Resource Specialist:
Human Resource (HR) specialists are responsible for hiring and managing organizational talent. Their scope of operations includes recruiting, screening, training, managing compensation and benefits, and addressing all complaints and harassment allegations.
If you want to pursue the field of HR as a career, it is important to possess strong interpersonal skills and navigate conflicts with empathy and tact. Moreover, if you genuinely desire to impact lives positively and make the workplace more productive and open, this field is an excellent choice. A BBA or MBA specializing in human resource management can open more doors for you and increase your value.
The average salary of an HR specialist in the United States is $62,080. This salary can increase or decrease based on the company, location, and scope of your operations as an HR specialist. The job outlook for human resource (HR) specialists is projected to grow 8 percent from 2021 to 2031.
- Marketing Manager:
As a marketing manager, you are responsible for liaising with a company and its customers. They manage products and services through various strategies with the marketing and public relations teams. They are responsible for pricing the product, placing it in ideal locations, and designing persuasive promotional messages across different media channels.
They also oversee marketing budgets and their allocation, test and refine marketing strategies, and establish a solid relationship with media outlets. As digitization takes over the business world, many marketing managers are embracing Search Engine Optimization (SEO) and Pay-Per-Click (PPC) advertising, among other forms of digital marketing. A BBA or MBA in marketing can help you excel in this field much quicker.
You must balance creativity with analytical skills to design the perfect marketing plan. You must also be a team player and open to brainstorming. The average salary of a marketing manager in the US is $72,683. The job outlook for advertising, promotions, and marketing managers is expected to grow 10 percent from 2021 to 2031.
Bottom Line:
A business administration degree offers opportunities for graduates in various industries. This degree’s versatility and widespread application make it highly sought after in today’s competitive business landscape.
Whether you choose a career in sales, healthcare administration, banking, human resources, or marketing management, your business acumen and skills will drive growth and success. With attractive salary prospects and positive job outlooks, pursuing a career in business administration can lead to a fulfilling and rewarding professional journey.
