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.
Why?
For starters, business administration dominates the list of most-in-demand majors and can prepare you for a wide-range of high-paying careers with above-average growth prospects.
Today, we’ll discuss the many reasons why a bachelor’s of Business Administration is a great and worthwhile choice for those seeking a college degree.
What is a Business Administration Degree?
A Business Administration degree is a professional award that can prepare you for in-demand careers in a variety of work environments. Plus, it narrows your future down to a current and practical path.
This degree focuses on the day-to-day operations of how businesses work with concentrated courses in:
- Strategic Planning
- Analytical Skills
- Business Management
- Critical Decision-Making
- Entrepreneurial Skills
Within a Business Administration program, it is also common for students to choose an area of emphasis that suits their career goals. For example, business students can often specialize in accounting or human resources. You can then pursue a practicum or an internship in order to gain exposure in this specialty, and network with other professionals in the field.
By the end of a bachelor’s degree in Business Administration, you will have the skills and knowledge to take on a position in today’s fast-paced business world with confidence and fortitude.
5 Benefits of a Business Administration Degree
#1: Market Demand
Graduates with a degree in Business Administration are in high demand because they obtain a variety of useful skills that can be applied to any profession. In fact, according to the Bureau of Labor Statistics, the business and financial operations industry is projected to grow 8 percent in the next decade.
Business Administration majors may find themselves working in healthcare management, business management, finance, accounting, and marketing. However, this list is not limited. Business majors are needed in just about every industry and sector, and have the ability to achieve in-demand titles such as:
- Management Analysts: 14% projected employment growth
- Appraisers and Assessors of Real Estate: 4% projected employment growth
- Fundraisers: 16% projected employment growth
- Personal Financial Advisors: 5% projected employment growth
- Market Research Analysts: 22% projected employment growth
Every business needs sophisticated professionals with strong business management skills, no matter the industry. Good leaders, recruiters, and employers, therefore, are always on the lookout for professionals with Business Administration degrees. With growth potentials like these, you can see how a Business Administration degree is worth it, leading to a wide variety of possibilities and high levels of flexibility.
#2: Salary
Students who graduate with a bachelors’ in Business Administration earn higher than average salaries, according to the Bureau of Labor Statistics.
Though the salary range for a Business Administration degree depends on experience, education level, geographic location, job title, and industry, the estimated, median salary for those in Business and Financial Occupations earn an average of $76,570 annually. In Connecticut, the pay potential for business majors is even higher, at over $79,000 per year.
#3: Career Flexibility and Versatility
Leadership, business development, decision-making, and analytical skills are needed for success across all industries—however, these skills are foundational for a business administration graduate. By obtaining these skills with your degree, you will be able to choose from a wide variety of jobs.
For example, you could find yourself working in finance management, insurance, sales, manufacturing, publishing, teaching, consulting, human resources, or marketing, all because you chose a Bachelor’s of Business Administration. So if you’re undecided on your major because you’re not sure what field you’d like to break into, then a Bachelor’s of Business Administration may be the perfect choice for you. This will prepare you with a versatile skillset that will make you eligible to pursue any occupation after graduation.
Additionally, thanks to advancement of technology, many companies are giving their employees the flexibility to work remotely and adapt to a more convenient schedule. This is an added benefit that’s constantly available to business degree holders. Some of these remote jobs are:
- Sales Manager
- Tax Manager
- Actuary
- Accountant
- Business Development Manager
- Management Consultant
#4: Networking Skills
The networking opportunities throughout a Business Administration degree program are transformative. You will get to meet and make connections with professors, recruiters, and like-minded peers who share your same interests.
Plus, you could seek your first job through this network. For example, professors can guide or recommend you for potential job opportunities after college, which can be an enormous help.
#5: Real-Time Practical Skills
While earning your Business Administration degree, you will obtain real-time practical skills that will serve you in your business career and in life. Some of these skills include:
- Communication Skills. These are crucial since it’s important that everyone you work with is on the same page.
- Teamwork. Many jobs will require collaboration and efficiency to accomplish your team’s goals.
- Creativity. Being creative is an extremely valuable skill to have as a business professional. A business administration degree will enable you to come up with creative ideas to solve problems or even create new businesses.
Deciding if Business Administration is Worthwhile for You
We’ve now covered what a Business Administration degree is and its many benefits. However, you may still be wondering, “Is this a worthwhile investment for my future?” Here are some other supportive questions to help you determine if a business administration degree is worth it to you.
1. Do you want flexibility in choosing a career and the ability to pivot to a new career path in the future?
2. Do you want to have a management or executive role that oversees multiple departments?
3. Are you looking to be able to “speak the language” of all of the different functional areas of business?
4. Are you someone who enjoys variety in your coursework and in your daily responsibilities?
If you answered yes or identified with any of the questions above, a Bachelor’s of Business Administration is the perfect choice for you and your future career.
At University of Bridgeport, our Business Administration degree programs lay the groundwork for success across many professions and industries. The bachelor’s degree, in particular, will allow you to focus on areas of interest that play to your strengths and open doors for more career and educational opportunities. More importantly, it will teach you the core business principles needed to succeed across multiple industries and disciplines.
Not to mention, you will be entering an industry that is growing beyond the national average, providing above-average pay potential, and a copious amount of opportunity for career growth and development.
Choose the University of Bridgeport for Your Business Administration Degree
If you are ready to pursue a Business Administration degree in Connecticut, we are ready to support and guide you every step of the way.
We have many business degree options such as a two-year associate degree, a four-year bachelor’s degree, an advanced MBA program, and even an online format option for business students requiring flexibility.
Apply today for UB’s in-demand Business Administration degree!