Business administration degree is one of the most prestigious, interesting degrees out there. As business administration majors you’ve learned the ins and outs of what makes businesses and organizations work. You know what it takes to draw in customers, make profits and make employees happy.
Or, at the very least, you have a deep understanding of how complex it all is, and a deep desire to get your feet dirty and get in on the fun. So you wonder what kind of business administration degree jobs are out there, and what’s the average business administration salary. As always, we’ve got you covered.
Fascinating Business Administration Careers
As you can probably imagine, there are too many business administration jobs to mention in a single article – that’s how useful this degree is – so we’ve gathered the most fascinating business administration careers around and listed them here. Under each potential career, we’ve listed the average business administration degree salary in USD as of Nov 2, 2016 according to Indeed.com.
Business analysts communicate with leading decision makers in the company to understand their goals and challenges, and to learn about the company’s policies and structure. Then, they review the operations of the company, and document how processes take place.
To do that, they communicate with people across departments, review current technology, and document processes. Finally, they analyze their findings. They figure out what’s supporting the company in its goals, and what’s holding it back. They identify what needs to be done to fill the gap between what’s not working and where the company wants to be.
Average Annual US salary: $88,000
Marketing managers are in charge of understanding the company’s products and goals, so they can create a marketing strategy that helps the company get better profits. It’s their job to drill down and understand who the target audience is exactly, and where that target audience hangs out – online and offline.
Once they figure it out, marketing managers plan their marketing strategy. It can be a long term strategy to build a relationship with the target audience (for example, by developing a blog or a podcast), or a short term strategy, like creating a buzz around a product launch. Usually, it’s a combination of both.
To make their strategy a reality, marketing managers manage the work of copywriters, website designers, social media managers and many more. Plus, they must learn how to navigate through multiple software products. Thanks to their work, companies get a big number of enthusiastic leads (prospective customers), plus increase the number of sales and customer trust.
Average Annual US salary: $61,000
Sales managers are either handed down annual sales goals by higher management, or they participate in setting these goals. Either way, it’s their responsibility to strategize how to make it happen. Sales managers are measured by the results they can get, so they must do a good job hiring the best salespeople they can. They need to decide when and how much to invest in salespeople’s training, and either create the training themselves or find an outside expert to do it for them.
Sales managers must analyze each salesperson’s work, and figure out how to divide the overall sales goals into quarterly, monthly and weekly goals for each salesperson based on their skills and abilities. Then, sales managers need to constantly pay attention to what goes on in the department, analyze the sales pipeline, report to higher management, and support their salespeople in overcoming a slow week or quarter – either through one on one or group coaching, or by making strategic adjustments to how the department is going to meet its sales goals.
Average Annual US salary: $52,000
Financial managers are responsible for companies’ financial health. That means they need to constantly document and analyze financial information, and keep track of their company’s cash flow. They also need to pay attention to competitors, stay on top of changes in industry regulation and tax laws, and analyze trends across the market.
Financial managers report their findings and make profit and cash flow projections to higher management. However, their job is also to consult the company on ways to reduce costs, improve revenue and manage debt. They help higher management make a wealth of important decisions – from taking loans to cutting expenses to acquiring other companies.
Average Annual US salary: $103,000
Human Resources Manager
Human resource managers recruit and interview job candidates. They make sure new employees get the necessary training and that they’re aware of their rights and benefits. But human resource managers do more than that. They also consult with higher management and other department managers, and take part in the planning of new hiring strategies and policies. They build connections in the industry and with potential top talent.
In addition, human resource managers advise company management on staff-related issues, such as sexual harassment, equal opportunity hiring and company-employee conflicts. Lastly, human resource managers are often in charge of salaries, employee benefit programs, and creating team building activities.
Average annual US salary $76,000
Business Administration Careers are Worth Your Effort
Business administration opportunities are quite diverse, and there are many different paths to take in each industry you choose. Take under consideration that some of the positions we listed here won’t show up when you look for business administration jobs straight out of college. You might need to start as a marketing assistant before becoming a marketing manager, for example.
Don’t let that stop you. Start with a lower position and work your way up. You’re a business administration major. You’ve worked hard to graduate and get to your first “real” job. You’ve got what it takes to reach any career goal you set for yourself.