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What Can You Do With a Business Degree?

Some students interested in pursuing this degree might have asked themselves this question at one point or another. The question is understandable considering this degree provides graduates a wide variety of potential career options.

Students in business administration programs have the benefit of being exposed to ideas and concepts that are practical and can be easily applied in your place of work. You are expected to grow into a leader, be a people person, a manager, and be adept at computers.

Think of the business administration degree as the first step to a fulfilling career. Once you get your foot in the door with a bachelor’s degree, you can build and refine skills, network, and steer your career in a direction of your choosing. Roles held by those with a bachelor’s include sales account supervisor, financial analyst, economist, data analyst, consultant, and more.

What Does a Business Administrator do?

Before anything else, it’s important to know the scope of the tasks that holders of a business management degree perform.

What can you do with a business administration degree? Quite a lot since it is a degree that opens the door to myriad of opportunities for the student. Here is a list of just some of the tasks handled by professionals who hold a business degree:

▪ Make and implement policies, company goals, and objectives

▪ Manage and supervise the budget and finances of the business or organization

▪ Examine financial and sales reports to make sure the company is still hitting benchmarks

▪ Work with the legal team to negotiate contracts and enter into agreements

▪ Come up with a marketing plan or work with research and development to design new products

▪ Work with HR on staffing requirements and movements

▪ Pinpoint weak areas and determine course of action to make organization better

▪ Develop creative and innovative solutions to workplace

The question, “What can I do with a business degree?” can’t be effectively answered without knowing what the student is focusing on as a major. Skills such as accounting, management accounting, finance, and business are all transferable skills that are in-demand across numerous industries. The same maxim applies when you specialize in marketing, economics, or entrepreneurship. You can even opt for two majors from separate, but related, disciplines in order to broaden your expertise level and increase the chance of landing a job immediately after leaving school.

 

What Can You Do With a Business Administration Degree?

What jobs can you get with a Business Administration degree? Here’s a list of some popular roles along with the median salary according to the US Bureau of Labor Statistics.

Management Consultants – Are tasked with finding weak spots in the organization and coming up with plans to boost efficiency and profit. Median salary is $81,330 per year.

Accountants and Auditors – Manage the financial records of a company to ensure that the balance sheet is accurate, all outstanding bills and taxes are paid, and that an organization is in a good financial position. Median pay is $68,150 per year.

Marketing Manager – This is the job for you if you enjoy engaging with the public to create and build interest around a product or service. It’s a dynamic role that important for companies large and small across most industries. If you have a knack for numbers, along with a creative streak, and are interested in pursuing an MBA, then this job is for you. Median pay is $131,180.

Cost Estimators – Research and analyze market data to make an approximation of how much a particular product, service, or project will cost the company in terms of labor and assets. Median pay is $61,790 per year.

Budget Analysts – Analyze the finances of organizations and businesses. They also help craft an operational budget for the upcoming fiscal year. Median pay is $73,840 per year.

Personal Financial Advisor – Can either work for a firm or as a freelancer. A wide range of people retain the services of personal financial advisors – those who are nearing retirement, young couples, and even celebrities and athletes. More than just the ultra-wealthy use advisors, but you may be able to add a little excitement to your life by working with your favorite NBA player. Median salary is $90,530 per year.

Chief Financial Officer – This is probably the ultimate goal if you have a business management degree. A CFO is responsible for charting the financial future of an organization, while also being responsible for the company controllership (historical financials) and the current financial condition as well. An MBA is most likely required to get to this level. It makes sense, therefore, that the CFO is earning a median pay of more than $300,000 per year.

The list of jobs above is barely scratching the surface of what you can do with a business administration degree. You can even earn your bachelor’s degree online, which allows you to work on a flexible schedule and may also save on costs of tuition, room and board and other fees.