Education and TrainingIf you decide to pursue a business administration degree, you will most likely to have the option to focus on a certain aspect of business. While you will need to take basic coursework in business practice and in business law, you can tailor your business administration degree program to suit your future business goals. For example, if you wish to start your own business, you may take coursework specifically geared toward starting and maintaining a business. If, on the other hand, you wish to concern yourself more with the financial aspect of an established business, you may take more coursework in the area of accounting and other financial issues.

Employment Opportunities

Earning a business administration degree will rarely land you a top branch in the tree of administrators. It will, on the other hand, get your foot in the door as management. From here, you will need to prove yourself capable and worthy in order to advance your career. Some areas of management a person with a business administration degree may fill include:

• General Manager
• Chief Information Officer
• Chief Financial Officer
• Chief Operating Officer

The role of the General Manager is to plan, coordinate, and direct the company operation. They are responsible for developing policies and managing the day-to-day operations while planning the most effective use of human resources and materials.

The Chief Information Officer oversees the technological aspect of the company. They participate in creating a strategic business plan for the firm, as well as in hiring, budgeting, and supervision. They make decisions regarding staff training and propose budgets for certain projects.

As the name implies, the Chief Financial Officer is in charge of overseeing the financial goals and the budget of the company. This includes overseeing the way funds are used and balancing these uses against the potential risks.

The Chief Operating Officer may carry a number of different responsibilities, including overseeing other executives that in charge of different departments.

Job Outlook and Salary

According to the United States Bureau of Labor Statistics, employment opportunities for those with a business administration degree are expected to grow as quickly as average. But, for those looking to start their own business, the business administration degree can prove to be invaluable.

The Bureau reports that the average salary for a person with a business administration degree can vary greatly according to field of employment and the level of responsibility. In May 2004, however, the median annual salary for general managers was $77,420. The median annual salary for chief executives was $140,350 that same year.

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