Business Administration Expected Career Growth
What is Business Administration?
Communication, strategic thinking, and ethical decision-making are soft skills that employers look for when hiring for business administration positions. Technical skills include being proficient in business softwares like Excel, Microsoft Outlook, Word, PowerPoint, Google Workspace, and being able to use their features in an efficient manner. Since communication and decision making are two of the more important tasks of a business administrator or manager, having the skills to communicate across digital means is increasingly important as we progress deeper into a digital economy. While core tasks vary depending on the position and industry, business administration professionals should have a blend of these soft and technical skills to be able to highlight to future employers that they are the best fit for the job.
Essential Skills in Business Administration
Data Management: With the increased inclusion of technology in daily operations, companies often have loads of data and statistics that must be organized and managed for maximum company success. Having knowledge and understanding on how to use computer softwares to organize and analyze data will be important for business administration professionals to highlight to future employers.
Project Management: Skills in this realm include strategic planning, budgeting, and basic knowledge of scrum management and agile software. Managing projects for any company is an important task, one that shouldn’t be taken lightly. As a business administrator, being able to ensure that projects are completed and goals are hit in a timely and efficient manner is a crucial skill to obtain. (Project management is also a career path that can be intertwined with being a business administration professional. Learn more about a PM career here: Project Management Expected Career Growth.)
Financial Management: Being a decision maker for a company also often means that there is a financial stake that needs to be accounted for. Having a basic understanding of financial concepts like financial statements or capital investments and knowing how to do basic accounting and budgeting are essential skills for a business administrator or manager to be successful in any position and industry.
Leadership: “Leadership is a set of behaviors used to help people align their collective direction, to execute strategic plans, and to continually renew an organization”, as noted by McKinsey’s “What is Leadership?” recent article. One of the most important skills of a business administrator or manager is being able to be a strong and positive leader for the company as a whole, but for coworkers and team members that are under any projects that are being led by an admin or manager.
Problem-Solving: Being able to identify issues quickly and find effective solutions proactively is an essential skill for business administration professionals. As leaders for companies, being a quick problem solver can be the difference between a failing and thriving business.
Presentation Skills: As a leading position in many companies and organizations, being a business administration professional means probably doing quite a few presentations. Whether those presentations are for colleagues and team members, they can also be for other companies and stakeholders. Having proficient knowledge and skill in creating visually appealing and clear language presentations will help any business professional thrive.
Which industries need Business Administrators?
Those with marketing interests can see opportunities in jobs such as brand/product managing, public relations, marketing assistants/directors, and marketing analysts. Those with finance interests could see opportunities in business consulting, analyzing, and account executives, office managers, or administrative assistants. However, business administration skills can land someone a one of these jobs in any small or large business that might need the leadership of a business administration professional to successfully bring projects and goals to fruition.
Becoming proficient in business administrative soft and technical skills can also be the leverage for someone to take their own business endeavors to the next level.
What is the expected career growth in the Business Administration field?
Marketing
- Market research analysts – $63,920
- Public relations specialists – $62,800
- Advertising, promotions, and marketing managers – $127,150
Finance
- Accountant – $77,250
- Budget Analysts – $79.940
- Financial managers – $131,710
Management
- Administrative services and facilities managers – $99,290
- Business and management analysts – $93,000
- Human resource managers – $126,230
Advance or Jumpstart a Business Administration Career
Attend an info session to learn more about the Business Administration certificate and then, fill out a program application to become a DWC student today!