A Bachelor of Arts in Business Administration is a versatile degree. It’s ideal for students who want a strong foundation in accounting, economics, and management, coupled with the flexibility to specialize in their interests, whether that’s finance, human resources, or marketing. Because individuals with business and management skills are needed in every industry, a bachelor’s in business administration can connect you to multiple different career paths. Here are 10 potential business administration degree jobs that are in-demand today.
1. Accountant
If you’re detail oriented and enjoy crunching numbers, a career as an accountant might be for you. Accountants prepare and review financial records, prepare tax returns, and keep detailed records. They may identify areas where businesses can cut costs, minimize risks, or increase profits.
According to the Bureau of Labor Statistics (BLS), there is a steady demand for accountants, and the job market is expected to grow 7% until 2030. In 2020, the median annual salary for accountants was $73,560.
2. Cost Estimator
Graduates with a knack for problem solving may be well suited to working as cost estimators. Cost estimators often work for manufacturers or construction companies, gathering data on materials, labor, and permitting requirements to assess the total cost of a construction project or production plan. They may work in collaboration with a sales team to prepare cost estimates or bids.
In 2020, the median salary for cost estimators was $66,610. However, pay typically ranges by industry. For example, cost estimators in automotive repair earned $59,090, while those in civil engineering earned $77,480.
3. Facilities Manager
Facilities managers work in several different locations to oversee and maintain buildings, equipment, and grounds. They may manage maintenance workers, ensure compliance with health and safety standards, or be in charge of ordering supplies and equipment.
On average, facilities managers earned $98,890 in 2020. Employment opportunities for facilities managers are expected to grow by 9% until 2030.
4. Financial Analyst
Financial analysts work in all types of businesses to help executives understand their financial position. These analysts review spending, budgeting, historical data, and future projections to assess where the company is losing money or making money. If you enjoy working with numbers, analyzing data, and preparing reports, a job as a financial analyst may be a good fit.
The median annual salary for financial analysts was $83,660 in May 2020. Candidates who hold a master’s degree in business administration may be able to earn higher than average wages. Job opportunities for financial analysts are expected to grow by 6% through 2030.
5. Fundraiser
If you’re interested in working with mission-based organizations, a job as a fundraiser may be right for you. Fundraisers work at not-for-profits and charities to raise money for the organization’s programs and operational costs. They may specialize in applying for public or private grants, collecting membership dues, or soliciting funds from wealthy donors.
In 2020, the median annual wage for fundraisers was $59,610. Many fundraisers work a typical 9-to-5 schedule, but some need to work occasional nights or weekends to staff special events, such as galas or charity runs.
6. Healthcare Administrator
Healthcare administrators manage and coordinate doctor’s offices, clinics, and hospitals. They may oversee billing, payroll, and other administrative departments, manage budgets, or ensure compliance with healthcare laws and regulations.
As a growing field, job opportunities for healthcare administrators may increase up to 32% through 2030. In 2020, the average median wage for healthcare administrators was $104,280.
7. Human Resources Manager
Human resources managers are needed in virtually every industry. They handle the recruiting, hiring, and training of staff members, coordinate benefits programs, and serve in a mediating role between employees when disputes arise.
Human resource management can be a lucrative field. In 2020, the median annual salary for this position was $121,220. On average, there will be about 14,800 openings for human resource managers in the U.S. annually until the year 2030.
8. Marketing Manager
Do you have an aptitude for promotions and sales? Marketing managers use research to plan and execute promotional campaigns in print, online, and through email and social media. They may work in collaboration with sales and public relations professionals.
With marketing services needed in almost every industry, this is a diverse career path with opportunities for growth. On average, marketing managers earned $133,460 in 2020.
9. Market Research Analyst
Market research analysts collect and evaluate data to predict what consumers want. They may research potential markets for a company’s services or products or study upcoming trends in their industry. Some professionals in this field develop questionnaires or conduct focus groups to inform product development
The average pay for market research analysts varies by sector. For example, analysts in publishing tend to make more on average than analysts in scientific and technical consulting. In 2020, the BLS reported that market research analysts earned $65,810 annually.
10. Sales Manager
Sales managers are responsible for building customer bases, analyzing sales data, setting sales quotas, and training salespeople. Some may also be in charge of determining prices and creating promotions or discount programs.
Professionals in this field often enjoy a competitive salary. The median salary for sales managers was $132,290 in 2020, and employment opportunities are projected to grow 7% through 2030.
Earn Your Business Administration Degree at MVNU
If you’re ready to dive into the business world, consider the Business Administration program at MVNU. Here, you’ll gain the education and hands-on experience you need to enter a growing field. You can attend classes at our Ohio campus, or get an online business administration degree with our flexible virtual option. MVNU also offers a 4+1 MBA program, where you can earn both your bachelor’s degree and a master’s degree in Business Administration in just five years — boosting both your skillset and your earning potential.
To learn more about our academic programs, contact us today.
