Why You Need a Business Administration Degree in 2023

What is a business administration degree?

A business administration degree is a type of educational business program that focuses on the fundamentals of running and managing a business. It covers topics such as finance, accounting, economics, marketing, human resources management, operations management and organizational behavior. With this type of degree, you gain knowledge in areas related to creating and maintaining an effective business from both theoretical perspectives and practical applications. The goal is to prepare students for roles in which they can use their skills to make positive contributions within businesses or organizations of various types.

Students will enhance their business knowledge and capabilities while earning a business degree by improving problem solving skills and leadership skills, enhancing critical thinking, learning project management, and studying other areas a bachelor's in business administration major covers.

5 reasons why a degree in business administration is worthwhile

1. Earning a degree in business administration provides you with a greater understanding of the principles and theories that underpin successful business operations. With this knowledge and experience, you will be more likely to succeed in a managerial role, or any career requiring skills in business.

2. Such degrees provide practical training in areas such as data analysis and decision-making, giving you the skills to be an effective leader and problem solver in a rapidly evolving business world.

3. By studying business administration, you will gain insight into all aspects of running a successful business, from understanding how to use financial data to creating strategies for marketing products or services. This study provides a firm base for those wishing to run their own businesses.

4. Having a degree in business administration can give you the competitive edge you need to stand out and get hired in a competitive job market.

5. According to the Bureau of Labor Statistics, people with a college degree typically earn around 56% more than those without a degree. A business education can be a powerful tool to help you enhance your earning potential.

Which business administration program should I choose, and how do I get started?

Choosing a business administration degree program is an important decision, as it will have implications for your future career. The best way to make an informed decision is to research your options and compare the different programs available. You should consider factors such as program length, cost, accreditation, curriculum requirements and potential job opportunities after graduation. It’s also wise to consider the core values of the university and their alignment with your own values and goals. Finally, don’t forget to think about how the school's career services, business connections, and location can help you with internship and job placement after you graduate.

At Biola University, we offer a variety of ways to increase your knowledge and capabilities within business, with many programs specifically aimed at business administration. Our undergraduate Bachelor of Science in Business Administration major (BSBA) is offered with a number of related concentrations to help students not only learn the fundamentals of running a business, but also gain deep knowledge in an area of interest. Business administration concentrations at Biola’s Crowell School of Business include:

• Business Analytics
• Entrepreneurship
• Finance
• Financial Planning
• International Business
• Business Management
• Marketing
• Marketing Management

A minor in business administration is also available, offering students the chance to combine business principles with other majors in non-related fields such as the arts and sciences.

Biola also offers a Master of Business Administration Program (MBA) online and on campus for students looking to enhance their knowledge and business career opportunities even further.

How to start earning a business administration degree in 5 steps

Note: To learn more about earning a degree in business administration from Biola, visit our admission process page.

1. Research the many different business administration degree programs available to find one that meets your needs and provides you with the best opportunities for achieving your career goals. Consider factors such as program length, cost, accreditation, curriculum requirements, job opportunities after graduation and location of the school.

2. Apply to the business administration program of your choice. This can involve submitting an application form, providing transcripts and/or letters of recommendation, writing a personal statement, and taking any entrance exams required by the school. All universities will offer clear steps related to their application process whether you are a transfer student, traditional undergraduate student, or looking to earn an advanced degree.

3. Once accepted into the program, begin your studies in earnest! Take classes related to business administration, such as accounting, finance, economics and marketing. You will also need to fulfill any general education or core curriculum requirements specific to the program.

4. Look for ways to gain practical, real-world experience while you complete your degree in business administration. Depending on your program, this may involve applying for internships or searching for a job.

5. Make the most of your degree by taking advantage of career services offered by the university. With help from experienced professionals, you can create a strong resume, prepare for interviews and take advantage of job opportunities in your field.

What jobs can I get with a business administration degree?

A degree in business administration is a great way to prepare for a variety of career paths. While it's common for students to think business administration jobs are limited (business managers, administration positions, etc.), there are actually many career options. . A number of business and financial occupations are possible with this degree, such as financial analyst, marketing manager, business consultant, operations manager, human resources specialist or business analyst. Additionally, those with a degree in business administration may also find themselves working in higher-level positions such as a CFO or CEO of an organization. The opportunities are in many ways endless.

Here are 10 different careers that you can pursue with a degree in business administration:

1. Business Management Consultant - A management consultant is someone who helps businesses make decisions and improve how they work. They review data, formulate strategies to help the business grow based on that information and guide them in determining their next steps.

According to the Bureau of Labor Statistics, in 2021, the median annual wage for management consultants was $93,000.

2. Financial Manager - A financial manager is responsible for managing an organization's finances and ensuring the long-term financial health of the business. This includes creating budgets, monitoring spending and making decisions on investments.

According to the Bureau of Labor Statistics, in 2021, the median annual wage for Financial Managers was $131,710.

3. Marketing Manager - A marketing manager is a professional who oversees the development and execution of strategic marketing plans to promote products, services and brands.

According to the Bureau of Labor Statistics, in 2021, the median annual wage for marketing managers was $133,380.

4. Business Analyst - A business analyst is a professional who uses their knowledge of data analysis, problem-solving and communication skills to identify areas for improvement within an organization and recommend solutions to increase efficiency and profitability.

According to the Bureau of Labor Statistics, in 2021, the median annual wage for management consultants in the United States was $93,000.

5. Human Resources Manager - A human resources manager is a professional who is responsible for the effective management of an organization's human resources. They are tasked with ensuring that the organization's staffing requirements are met, and that employees work productively and efficiently.

According to the United States Bureau of Labor Statistics, the median annual wage for human resources managers in 2021 was $126,230.

6. Operations Manager - An operations manager is a professional who is responsible for the management, coordination and oversight of activities within an organization to ensure efficient usage of resources and successful completion of projects.

In 2019, a report from the Bureau of Labor Statistics showed that operations managers earned an annual median wage of $97,970.

7. Entrepreneur - An entrepreneur is someone who takes the initiative to start and manage a business, or an organization with the aim of gaining a profit by providing goods.

The average salary for an entrepreneur in the United States can vary greatly depending on a number of factors such as location, industry, experience and expertise.

8. Accountant - An accountant is a professional who is responsible for providing financial advice and services, such as analyzing financial data, preparing financial statements, preparing taxes, and advising on financial matters.

The Bureau of Labor Statistics reported that in 2021, the average annual salary for certified public accountants and auditors was $77,250.

9. Project Manager - A business project manager is a professional who works with a team to define, plan and execute complex tasks within an organization in order to meet goals and objectives.

According to the Bureau of Labor Statistics, in 2021, the median annual wage for project managers was $94,500.

10. Business Development Executive - A sales manager is a professional who is responsible for driving an organization's sales and revenue growth by creating and executing strategies, managing staff, analyzing data, and developing relationships with customers and partners.

According to the Bureau of Labor Statistics, in 2021, the median annual wage for sales managers was $127,490.

Frequently asked questions about business administration programs and degrees

Is studying business administration the same as studying business management?

No, studying business administration is not the same as business management. Business administration involves a broad range of topics such as accounting, finance, marketing, human resources, economics and organizational behavior, while business management focuses on the management of people, processes and systems within an organization. Neither degree is inherently better than the other. Either may prove more valuable to an individual depending on their career goals, skills and interests.

Can I get a business administration degree online?

Yes, you can get a business administration degree online. Many universities and colleges now offer online programs for students who are looking to pursue their degree in business administration. These programs often provide the same level of education as on-campus programs, but with flexible scheduling options.

Online business administration degrees range from associate to master’s degrees, and can be focused on a variety of topics such as finance, accounting, management, marketing, human resources and more. Business administration covers a wide range of crucial topics within the business world, and strong online programs can offer business students a unique opportunity to study anywhere.

It’s important to note that online options are not necessarily “better,” and for some students may actually provide challenges or missed opportunities. It’s important to think carefully about your goals and objectives, learning style and personality as you consider online degree programs.

What skills are needed to study business administration?

The skills needed to study business administration depend on the type of degree you are pursuing and what area of specialization you choose. Generally speaking, students should possess strong analytical, problem-solving, communication and organizational skills. Students interested in pursuing an MBA who have completed undergraduate work should already have an understanding of basic finance, economics, marketing and accounting concepts, preparing them well for advanced study in the field of business.

What courses will I take while studying business administration?

When studying business administration, there are a variety of courses that students can take to gain a better understanding of the field. Typically, these courses focus on topics such as finance and accounting, economics, marketing, human resources management, organizational behavior and international business.

Sample courses offered at Biola include:

• Principles of Macroeconomics
• Principles of Accounting I
• Management Information Systems
• Business Law

You can find a full list of business administration courses here.

What Students Say About Biola’s Business Administration Program