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How much can an economics major earn? Is the business industry projected to grow or shrink in the foreseeable future? Whether you’re a working adult or fresh out of high school, a Bachelor’s in Business Administration does not have to be the finish line for your career. Yes, business administration is a good major because it dominates the list of most in-demand majors. Business degrees are hot, but you might want to reconsider your decision. © 2011 CBS Interactive Inc. All Rights Reserved. Majoring in business administration will also prepare you for a wide-range of high-paying careers with above average growth prospects (U.S. Bureau of Labor Statistics). Economics is one of the liberal arts so you are more likely to learn how to write and think in college, which is what employers covet in their workers. The possibilities that a business administration major provides allow you to have a career that is not only personally satisfying but also financially rewarding. Let’s check it out! Updated on: January 24, 2011 / 5:46 PM When PayScale looked at starting and mid-career salaries of college graduates in dozens of college majors, business came in as the 56th best-paying college degree. When do states certify their election results? Beginning your career ladder with a business administration major can prove to be very successful. Get the latest breaking news delivered straight to your inbox. 4. Is Marketing a Good College Major for the Future? Through either a traditional or accelerated business degree, a business administration degree can refine your abilities in areas that include: The marketplace understanding that you will develop through a business degree will strengthen both your resume in securing a job, but also in helping you be successful in that job. Internal business is a broad topic that encompasses international politics, practical business skills and world cultures. On average, a business professional with a bachelor’s in business administration can expect a salary well beyond the national average. Was backyard beeping coming from a missing teen's watch? Getting professional certifications such as a Project Management or Supply Chain certification can also move your resume to the forefront as it shows both your knowledge and your investment into your field. If you like the idea of managing a team of other employees and have a strong desire to help shape a … A key component in deciding if a business administration major is a wise investment is the projected salaries. National Association of Colleges and Employers, Paying For College With a Duffle Bag Stuffed With Cash, View all articles by Lynn O'Shaughnessy on CBS MoneyWatch», The College Solution: A Guide for Everyone Looking for the Right School at the Right Price. Trump campaign loses appeal in Pennsylvania, What exit polls say about state of Georgia's Senate runoffs. These people may also fill the roles of marketing strategists, financial advisors, and economic decision-makers. This post is part of a series on college degrees that you may want to avoid. This strategy can be strengthened through developing skills that give you an edge over other applicants, such as learning another language. Yes, it is … and here’s why: Start your career faster – Most people fail to realize how varied a career in business can be. 10. business administration major a wise choice. With growth projections like these, you can rest assured that careers in the business industry are projected to grow, making a business administration major a wise choice. Is the business industry projected to grow or shrink in the foreseeable future? A business major leaves a room for you to select from a wide variety of minors.In the capitalist world, everything translates to business. Understanding the basics — A business administration major is exposed to all types of business concepts and is familiar with a variety of strategies and situations that students in specialized majors may not encounter. Before you decide to pursue a major such as business administration, it is essential to understand the career implications this major will provide.Some of the questions you might have in this discussion are: 1. MyDegreeGuide.com. For 13 years, MyDegreeGuide.com has been dedicated to helping students like you finish your degree faster. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. Illustrious econ majors include Warren Buffettt, Steve Ballmer, Ted Turner, Steve Fossett, Henry Kravis, Diane von Furstenberg, Esther Dyson, Bill Belichick and Mick Jagger, First published on January 20, 2011 / 10:59 AM. Why should you major in business? It’s one of the reasons the business degree is the most popular degree in the country, accounting for nearly 20% of all degrees awarded, according to recent data from the National Center for Education statistics. Will a business administration major provide a career that will give me job satisfaction? We’re glad it was helpful information, Veronika! Engineering majors dominated the rest of the top-paying degrees. What is the potential salary for a business administration major? It fared worse than such "impractical" college degrees as philosophy, history and American studies. Business is the most popular college major, but that doesn’t mean it’s a good choice The Wharton School of Business at the University of Pennsylvania in Philadelphia. MyDegreeGuide.com is an advertising-supported site. A business administration major prepares you to effectively handle business theory and management principles in a professional manner. Lynn O'Shaughnessy is a best-selling author, consultant and speaker on issues that parents with college-bound teenagers face. Will a business administration major provide a career that will give me job satisfaction? Bachelor’s Program: Bachelor’s degree programs in finance, accounting or business administration may provide training for college students who want to become business analysts. You might move through various departments and seek internal promotions to scale the corporate ladder. In contrast, the researchers found that students majoring in the humanities, social sciences, hard sciences and math do relatively well. It’s the exact opposite! With a business administration major, you could work in a variety of positions with above average growth as seen in these careers. According to the Bureau of Labor Statistics, the average growth is at 10% for the business and financial operations industry. 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In contrast to some majors, a business administration degree is less about what degree you graduate with and more about the tools and resources you have honed during your education. Home » Best College Majors » Is Business Administration a Good Major? News provided by The Associated Press. For some, the natural progression in your career is completing a Master of Business Administration (MBA) and moving into upper management in your corporation. If you're asking yourself if business management is a good fit for you, think about how comfortable you are pursuing a leadership role in an organization. 2. You are not limited as you can choose anything from Arts to Healthcare, Politics to Economics, Anything that is in your mind. Majoring in entrepreneurship can be a good idea, but it is not necessary to become a good business owner or manager. But is Business Administration a good major? Why business administration degrees are still worth the investment. If you’re strongly considering a business-related major, you’ll want to know the top factors in favor of earning this degree.

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