Top 3 Advantages of Studying Business Administration
Learning how to organize and manage business activities comes with significant benefits. You can gain a solid understanding of how organizations work and develop a diverse range of skills that are highly prized in today's economy. After all, every company needs people who can solve business problems and keep an operation functioning effectively.
With that in mind, here are three key advantages of getting training in business administration:
1. A huge range of career options
A business administration diploma or degree program typically includes instruction in marketing, accounting, management, business law, and organizational behaviour. It helps you develop communication, leadership, and critical-thinking skills. It also prepares you to manage resources and handle ethical issues. The expertise and abilities gained in such a program are assets in virtually any field.
Because business administration programs are so broad in scope, they can lead to fulfilling careers in an enormous variety of industries, including:
- Social services
- Public relations
Many programs allow you to specialize in a particular area, such as bookkeeping, human resources, information systems, or supply chain management. Taking additional courses in that specialty and developing a high level of knowledge in that area can make you even more attractive to potential employers.
Plus, you'll be well-positioned for advancement. Many people with an undergraduate business administration degree go on to complete additional education in areas like finance or marketing. Some even get a Master of Business Administration (MBA) degree. Others start their own businesses. The possibilities are abundant.
2. Good earning potential
Business administration graduates often enjoy comfortable incomes. In fact, a federal government survey found that recent Canadian graduates of bachelor's-level business and commerce programs made a median salary of about $55,000. Earnings ranged from around $42,000 to $74,000.1
To get a better idea of a typical business administration salary in Canada, check out the median and high-end annual earnings for a few careers that are commonly held by people who have completed business administration training. (All figures are based on full-time work and are rounded to the nearest thousand.)1
- Corporate sales manager—$85K / $144K
- Marketing researcher—$69K / $113K
- Customer service manager—$60K / $120K
- Purchasing agent—$58K / $92K
- Human resources officer—$57K / $90K
- Executive assistant—$54K / $79K
- Administrative officer—$49K / $74K
3. High satisfaction
Few people ever regret completing business studies. In fact, most are satisfied with their choice. A survey of Canadians who graduated from public colleges, universities, and trade schools in 2010 found that three years after finishing their education, 70 percent of those who received a diploma or certificate in business, management, marketing, or related services would select the same field of study again. That figure rose to 74 percent for bachelor's degree holders and 90 percent for master's degree recipients.2
Give Your Business Aspirations a Boost
Go after the future you want. Business administration training can help you take the first step toward your long-term ambitions. Why not start by checking out the schools listed above? Or put your postal code into the school finder below to generate a list of convenient training options in your region!
1 Government of Canada, Job Bank, website last visited on June 19, 2018.
2 Statistics Canada, 2013 National Graduates Survey (Class of 2009/2010) Data on College, Baccalaureate and Masters' Graduates, website last visited on June 18, 2018.