In order to earn a business administration degree, an individual must complete a number of classes that shall ready them for the diverse responsibilities that they may confront in a business environment. The term business administration is used to span a large range of duties engaged in the daily operations of a company, whether the duties are those of a novice office administrator or those of a manager. In this article, we will provide some general information about the requirements of a business administration degree. Earning a bachelor of business administration degree, also referred to as the BBA degree, requires that a student start by completing a certain number of core classes.
Effectively, each school and degree program has slightly different names for their courses, but all the core classes in business majors are basically the same. Such core classes encompass political science, mathematics, sociology, English, humanities, and a few others. In addition to the core classes, a student will have to select a couple of specialty classes. The majority of degree programs give a certain degree of flexibility as for the specialty courses that a student has the right to choose. This enables a student seeking to earn a business administration degree to concentrate on the areas of interest of their choice. Examples of specialty classes include finance, business law, professional ethics, consumer behavior, human resources, economics, statistics, and many others. In general, both accredited colleges and business schools typically impose that a student earn one hundred and twenty credit hours of specialty and core classes in order to be awarded a bachelor of business administration degree. An associate’s degree in a business major, also referred to as ABA, takes half the requirements of a bachelor’s degree to be earned. Indeed, only sixty credit hours are enough to get an ABA.
Students who are interested in getting a master’s degree in business administration must already possess a bachelor of business administration degree. As one may know, the access to the graduate school system is contingent to the possession of a bachelor degree in any major. A master’s degree in business administration takes about thirty six credit hours to fifty credit hours to be completed. It usually includes an internship experience or a capstone experience. From the point of view of compensation, workers with undergraduate business administration degrees will earn between thirty thousand dollars and fifty thousand dollars per year. Those who hold an MBA can expect to make at least forty five thousand dollars each year. When comparing the different sectors to which a business administration degree gives access to, one can see that human resources is the sector with a greater salary range than office administration and also that both finance administration and health care wages are usually above those in human resources. Individuals who manage to become chief executive officers or chief financial officers with large companies can make six-figure salaries on a yearly basis. Decision making is an important part of business administration. Indeed, areas such as sales, policy, acquisitions, procedure, or even regulations have the ability to impact the company and its staff. More precisely, this includes how the business is able to delegate the use of both assets and resources, and also how obligations are managed and compensated for. The upper level of business administration is handled by key positions such as those of a CEO or of a CFO. CEOs and CFOs have for mission to ensure proper management and use of the human capital of the corporation for which they work. Such professionals have other duties such as ensuring safety, compliance to the policies of the company, compensation, resolution of potential conflicts, and other administrative duties.