If you have a love for business and want to pursue a career in the industry, you’re likely browsing different business majors for your college degree. Since the field of business is quite vast and spans over various other sectors, it’s necessary to find what particular area of business interests you the most. Understanding the nuances between business administration vs. business management can set you up for choosing the program that will best fit your goals.
Each business major will provide a base of foundational business knowledge. They offer different emphasis and will each have their own program goals and outcomes. Choosing a business degree is a great way to start your education on the road to the often sought after MBA too!
Top Three Benefits of a Business Degree
Before taking on a business degree, it is essential to understand the benefits of having that particular degree. Although there may be other personal and professional benefits that are personal to each individual, these are some that many people have noted as benefits. There is a long list of benefits to having a college degree in business, but here are the top three:
- Market Demand
- There is a high demand for management positions within the market.
- Internal promotions are widespread.
- New graduates can find employment quickly.
- Earning Potential
- Making money is not always a primary motive but is an excellent deciding factor in any degree. According to The U.S. Bureau of Labor Statistics, lifetime potential income with a business degree averages $100,000 per year.
- Business degrees combined with specialty degrees such as accounting, computer science, and nursing can offer even more growth potential.
- Flexibility
- The type of job you hold is limited only by your imagination.
- Human Resources
- Sports Operations Management
- Office Administrator
- Franchise Manager
- Organizational Management
Not All Business Degrees are Equal
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At a basic level, business administration and business management are very similar. It is vital to explore these degrees thoroughly before making your decision on which is best for you.
Similarities:
- Both degrees are four-year degrees.
- Available at most major accredited schools.
- Popular among undergraduates.
The broader of the degree choices would be business management. The focus is on the larger economic picture. Students gather a comprehensive understanding of trends and may or may not concentrate on a specific market.
When choosing business administration, graduates often take on specialized roles in another high-level job. Students may have a specialization in accounting, technology, or other business-specific parts in a company. The addition of a business administration degree helps to allow advancement into managerial positions.
Ideal Program Requirements to Look For
Choosing a college business program to attend doesn’t have to be overwhelming. If you know what to look for when doing your research, it will be easier to know a good program when you find it. Selecting your business school might be the most critical decision you make in your education; take the time to find the program that is right for you. Some important things to look for when reviewing a school include:
- Application requirements
- Alignment with your career or graduate school (MBA) goals
- College or university core values
- The cost associated with attendance, including tuition and fees
- Internship opportunities
- Connections in the business community
The ideal program for one person might not be suitable for another person. Make your list of requirements before you start searching. Ask questions throughout the application process to ensure the program fits what you want in your ideal school.
Business Administration Degree at Everglades University
At Everglades University, the Bachelor of Science Degree in Business Administration provides a solid business educational foundation for running a business. Finance, economics, marketing, and management perspectives are intertwined to help students understand a wide variety of business structures. Students complete a total of 123 credits, including courses such as:
- General Education – English, Math, Computers and Humanities
- Accounting
- Financial Management
- Principles of Business
- Marketing
- Principles of Supervision
- Negotiations
- Writing for Managers
- Critical Thinking in Business
- Business Law
- Effective Team Management
- Business Ethics
- Global Strategy and Policy
Students will work with their advisor to develop a course of education that best fits their career goals. The end of the business administration program culminates in a Business Capstone Course that students can use to show their skills and specialty areas.
Master’s Degree in Business Administration at Everglades University
This degree is the next step when students want to have a leg up in applying for jobs. The Master’s Degree in Business Administration prepares students to be leaders in organizations and provides a broad base of theoretical concepts around business functioning. At Everglades University, this is the king of all business management programs, and you can apply to this degree whether your undergraduate degree is in business administration vs. business management. Many people apply for this Master’s Degree program with a wide variety of different undergraduate degrees in their background.
The MBA requires students to take 36 credits and typically takes one to two years to complete. Some of the courses students will take include:
- Accounting for Decision Makers
- Leadership Skills for Managers
- Human Resource Management
- Marketing Management
- Applied Managerial Statistics
- Strategic Sales and Marketing Management
- Advanced Organizational Behavior
The student and their advisory committee decide on the graduate business capstone project. Students may start their own company, complete research, or other predetermined assignments to show their business skills and education.
Getting Started on Your Business Degree Today
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Everglades University is here to help with all your business degree questions. Our education counselors work with you to help choose the program that fits your needs. Through emails, phone calls, and interviews, we can help you make the best choice when deciding between business administration vs. business management degrees.
Your future is important to us! Contact our admissions office today to get started on the business path of your dreams.