Business administration skills can lead to both general management jobs and more specialized roles in fields like finance, marketing, and human resources. Labor market statistics reveal strong job growth and high salaries in all of these types of jobs, making business administration a good option if you’re looking for a secure career with an above-average salary. Keep reading for more information about what a Business Administrator does, what the job outlook is for this field, and how to find a job in business administration.
What is a Business Administrator?
A Business Administrator oversees the day-to-day operations of a company. They are responsible for a number of different management and organization tasks, with the overall goal of supporting the growth and productivity of the company. Business Administrators reorganize employees or hire new ones, and also train, support, and evaluate employees. They are also responsible for managing finances and resources, which includes setting budgets, making financial goals, and negotiating contracts with vendors and suppliers. In addition, this role includes setting goals for the future, as well as implementing goals set by upper management.
Business Administrators work in many different industries including finance, healthcare, marketing, and construction. Some work for small organizations, where they are more likely to handle administrative tasks for the entire organization, while others work for large companies, where they are more likely to focus on managing a specific department such as human resources or sales.
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What is the Job Outlook for Business Administration?
Job Outlook and Future Growth
One good reason to get into this field is that most business administration jobs are expected to experience strong growth in the future. The Bureau of Labor Statistics is a government agency that collects U.S. labor market statistics and releases analyses of those statistics. It reports a strong job outlook for all management jobs. It says, “Overall employment in management occupations is projected to grow faster than the average for all occupations from 2023 to 2033. About 1.2 million openings are projected each year, on average, in these occupations due to employment growth and the need to replace workers who leave the occupations permanently.”
BLS also provides information about many specific management jobs. For instance, it predicts that Administrative Services Manager jobs will grow by about 5 percent over the next decade, which is faster than average. It says, “Demand for administrative services managers is expected to be particularly strong for those working in records and information management. As cloud computing continues to expand, these workers will have a critical role in helping organizations develop new records and information management practices and in maintaining data security.”
A Human Resources Manager oversees a business's human resources. BLS predicts 5 percent over the next ten years for Human Resources Managers. It says, “About 15,500 openings for human resources managers are projected each year, on average, over the decade.”
A Sales Manager oversees the sales operations of a company. As reported by BLS, 4 percent growth is expected for Sales Managers over the next ten years. It says, “An effective sales team remains crucial for profitability. As the economy grows, organizations will focus on generating new sales and will look to their sales strategy as a way to increase competitiveness.”
A Financial Manager is a management position that involves overseeing a business’s finances. According to BLS, between 2023 and 2033, the job growth rate for this position will be 16 percent, which is far higher than the average U.S. job growth rate of 3 percent. It explains, “Services provided by financial managers, such as planning, directing, and coordinating investments, are likely to stay in demand as the economy grows. In addition, several specialties within financial management, particularly cash management and risk management, are expected to be in high demand over the decade.”
Industries
Another reason to get into business administration is that there are a lot of different job options in this field. Business Administrators work in a wide range of different industries, since almost every business needs administrators. In addition, there are a lot of options within different businesses. Some Business Administrators work in a broadly-focused position, while others focus on a specific sector, like marketing, human resources, or finance. Not only does the flexibility that comes with this role give you a lot of different choices, but it also allows the potential to change your career path later in life.
Salary
BLS provides salary data for management positions in general and finds that most managers earn well above average. It says, “The median annual wage for this group was $116,880 in May 2023, which was higher than the median annual wage for all occupations of $48,060.” Indeed provides a salary estimate for Business Administrators specifically, and its estimate is lower, but still above average. It finds that the average salary for a Business Administrator is almost $64,000 per year, and the average salary for a Senior Business Administrator is about $87,000 per year. Glassdoor reports an average of about $77,000 per year for a Business Administrator and $176,000 yearly for a Senior Business Administrator.
How Do I Find a Business Administrator Job?
Working in business administration generally requires both education and experience. When it comes to education, you have a few different options. You can follow the traditional route and pursue a college degree in business administration or a related field like finance or accounting. A bachelor’s degree is the most common type of college degree for people who plan to work in business, and typically takes four years, but you could also decide to devote extra time and earn a master’s degree. A downside to a degree is that it will require a considerable investment of both time and money. Another option--one that has become increasingly popular in recent years--is to enroll in a bootcamp or certificate course. These are accelerated programs that are designed to cover all the skills that you’ll need to work in business administration. Most include lots of hands-on training too, and they are designed to get you career-ready as quickly as possible, usually in less than a year. Bootcamps and certificate programs are usually much cheaper than college; most cost less than $20,000 to $30,000 on average.
In addition to an education in business administration, if you want to find a job in this field, you’ll need experience. This includes experience in management generally. You’ll also need experience in the specific industry where you plan to work so that you can gain an understanding of things like policies, regulations, and best practices in that industry. Most people start gaining the necessary experience by taking an entry-level job in business administration. After one-to-two years, you may have the opportunity to move up to a higher position. You can also gain experience before that, by volunteering or participating in an internship.
Learn the Skills to Become a Business Administrator at Noble Desktop
Noble Desktop is based in New York City and offers many different business classes. You can learn in person at its Manhattan facility, or in a live online classroom. At Noble Desktop, you’ll find a number of short classes that only take a day or two, where you can master essential business skills like Excel or financial modeling. You’ll also find a variety of comprehensive, hands-on bootcamps and certificate programs, where experienced instructors will guide you through all the skills you’ll need in business administration, getting you career-ready in less than a year. Noble Desktop is licensed by the New York State Education Department.
- One popular Noble Desktop option is the “MBA” Business Certificate. This course is an “MBA-style” program and it includes some of the skills taught in MBA programs. In this class, you’ll learn tools and strategies for finance, project management, marketing, and data analysis. You’ll also learn about the practical applications of generative AI, and will get access to a self-paced class that covers the basics of business insurance, employment law, and business law. This class includes the option to take electives that match your specific area of interest. Finally, it comes with eight one-on-one mentoring sessions.
- Noble Desktop also runs many different business-related bootcamps. The Project Management Bootcamp is a popular option. This class is designed for students who want to learn more about project management. It is a combination of the school’s Level I and Level II classes and is offered at a discount. When you take the Project Management Bootcamp, you’ll learn the five phases of project management and will receive a slide deck that contains a variety of exercises. You’ll also learn about Waterfall, Critical Path, and Agile methods of project management, including popular Agile frameworks. You’ll receive a certificate of completion at the end of the class.
- Another popular certificate program is the Data Analytics Certificate. In this course you’ll learn about gathering, wrangling, analyzing, and visualizing data, and you’ll work on a number of real-world projects. Both predictive and prescriptive analytics are covered, in addition to Python, Excel, Tableau, and SQL. All students also receive eight one-on-one mentoring sessions, which can be used to work on challenging concepts or for resume and portfolio advice.
- One of Noble Desktop’s newest offerings is the Chat GTP & AI for Business Bootcamp. This course is designed to give you the skills you’ll need to utilize AI in your daily business tasks. You’ll learn how to create effective prompts, manage conversations, and use advanced features like memory settings. You’ll also learn about the ethical considerations of AI. In addition, the course focuses on ways to use AI for task management, communication, and project planning. You’ll learn about automating repetitive tasks, optimizing schedules, and improving collaboration and administrative workflows.
- Noble also offers many shorter classes focused on a number of different business skills. For example, it has a variety of short Excel classes: Excel Level 1,Level 2, and Level 3. Level 1 is focused on getting familiar with the interface, entering data, using essential formulas and functions, and creating charts. You’ll also learn how to format and print. Level 2 covers splitting and joining text, adding data validation, named ranges, database functions, adding logical statements, and using Pivot Tables. In addition, you’ll learn to use statistical functions and create advanced combo charts. In Level 3, instructors cover advanced concepts including cell locking, auditing, hotkeys, formatting for calculating dates, advanced functions, advanced analytical tools, Pivot Charts, and advanced database functions.