Are You a Born Leader? A Business Administration Career Could Be
for You
Here's what you'll do in a career in
business administration.
Business
administration is a wide field that incorporates many types of management
positions. From major corporations to independent businesses, every operation
needs skilled administrators in order to succeed.
Motivated,
organized personalities will thrive in business, where environments are often
high-powered. Knowing how to deal with stress will help you keep your cool—and
keep your business in the black.
What
education or certification will I need to work in business administration?
An
associate's degree in business will prime you for entry level positions in the
field. Earning a bachelor's will advance your knowledge with skills of
organizational leadership, managing people and strategic planning. With a
bachelor’s under your belt, you'll qualify for a variety of business roles
right out of school.
Many
people choose to continue their education by earning a Master in Business
Administration (MBA), a highly respected advanced degree that indicates a
commitment to leading in the field. Your master's will usually take one to two
years to obtain.
Top
executives may complete a certification program through the Institute of
Certified Professional Managers to earn the Certified Manager (CM) credential. To
become a CM, candidates must meet education and experience requirements and
pass three exams. Although not mandatory, certification can show management
competency and potential leadership skills. Certification also can help those
seeking advancement or can give jobseekers a competitive edge.
Depending
on the type of business field you enter, there may be additional certifications
to earn. For example, the International Facility Management Association offers
a competency-based professional certification program for administrative
services managers. Completing the program may give prospective job candidates a
competitive advantage.
What does a business administrator do?
In
business, day-to-day operations are as important as long-term plans for the
future. A career in business touches on information technology, leadership
dynamics and increasingly on ethics and international relationships. There’s
incredible room for growth in the field. When you find the right
"fit," you’ll find that working your way up the ladder may be both
challenging and rewarding. Plus, skills you acquire in one capacity will
translate into others as your career path evolves.
Many
top business executives will get their start working in office administration
or in hospitality, retail, sales or operations management. Executives and
administrators work in every industry, from one-person businesses to firms with
thousands of employees.
On
the job, business administrators:
• Establish and carry out departmental
or organizational goals, policies and procedures
• Direct and oversee an organization's
financial and budgetary activities
• Manage general activities related to
making products and providing services
• Innovate by applying new technologies
in the workplace
• Consult with other executives, staff
and board members about operations
• Negotiate or approve contracts and
agreements
• Appoint department heads and managers
• Analyze financial statements, sales
reports and other performance indicators
• Identify places to cut costs and to
improve performance, policies and programs
Some
typical arenas for work include general management, hospitality management,
office administration, operations management, retail management and sales
management.
What career paths can I take in business administration?
Graduates
with an associate's degree in business qualify for entry level careers,
including basic management and administrative roles in private, public and
nonprofit organizations. Many find employment as management trainees or
managers in the sales or retail industry. Others work as project assistants,
office managers and technology-oriented support specialists.
With
a bachelor's degree in business administration, you'll qualify for an array of
leadership positions and other advanced roles in private, public and nonprofit
organizations. You'll have the option to work across industries as a business
analyst, human resources generalist, operations manager or marketing
specialist. Some business administration graduates also venture into
entrepreneurship, creating their own successful businesses from the ground up.
Your
management opportunities increase exponentially with an MBA, the most popular
degree awarded in business. Some job titles include corporate controller,
executive director and independent consultant.
Those
who wish to gain further education can pursue the Doctor of Business
Administration, which takes three to six years to complete. Like a PhD, a DBA
equips professionals with expertise in leadership and management principles,
and a higher level of competence in conducting research. This advanced degree
primes students for working in management at the senior-executive level, as
well as in teaching and research at universities.
There
are so many options for working in business administration, and so many ways to
get your foot in the door, that motivated people can rise to the top and make
lasting, positive contributions to business.
Here
are some common types of top executives:
• Chief financial officers: Account for
a company's financial reporting. They direct the organization's financial
goals, objectives and budgets. They may oversee investments and manage assets.
• Chief information officers:
Responsible for the overall technological direction of a company, which
includes managing information technology and computer systems.
• Chief operating officers: Oversee
other executives who direct the activities of various departments, such as
human resources and sales.
• Chief sustainability officers:
Address sustainability issues by overseeing a corporate sustainability
strategy. For example, they may manage programs or policies relating to
environmental issues and ensure the organization's compliance with related
regulations.
• General and operations managers:
Oversee operations that are too diverse to be classified into one area of
management or administration. Responsibilities may include formulating
policies, managing daily operations, and planning the use of materials and human
resources. They make staff schedules, assign work, and ensure projects are
completed. In some organizations, the tasks of chief executive officers may
overlap with those of general and operations managers.
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