2. The business administration career path is one that is well-known. In fact, those
who aren't in the know tend to have vague ideas about what its graduates do in
real life and whether it’s a viable career choice.
It pays to understand what business administration really means: it is defined as a
field that focuses on business theories, practices, and management processes. It
entails the overseeing of several or specific corporate organization facets. The field,
however, is very diverse. This often leads to confusion, especially when talking
about career expectations.
Opportunities Everywhere
A business administration graduate isn’t likely to run out of career options any time
soon. There are no official statistics showing the estimated number of companies in
existence globally, though there are more specific estimates to go by. An article on
Forbes notes that there are roughly four global companies which own 147
corporations. In turn, those 147 own almost everything on the planet.
3. Forbes contributor Brendan Coffey reveals the names of the four "super-business":
McGraw-Hill, Northwestern Mutual, CME Group, and Barclay’s. Together, these four
companies dominate the world in terms of overall assets. It’s safe to say that the
147 organisations under them own much more, and that business administration
professionals can’t really run out of jobs in the long run. The sheer number of
career opportunities is unfathomable.
Given that business administration majors have much in the way of job
opportunities, what do they actually do in the field? On the job, administrators are
generally tasked to direct and oversee a company’s organisational policies and
procedures, help the company achieve its goals, innovate processes, consult with
the top brass regarding important organisational decisions and deal with
financial/budgetary activities.
Furthermore, degree-holders can become business owners themselves after making
a name in the corporate landscape. One good example is 37-year-old Sandra
Reiman, a graduate of Immaculata University in Pennsylvania and the University of
Pittsburgh’s Katz School of Business.
4. Reiman started working in the banking business, first as an assistant manager,
then as a branch manager before moving up to manager and finally as an assistant
vice president at PNC Bank — all within a period of nine years. Reiman re-entered
business school for her Master’s Degree and soon started Sandra Cadavid, her own
jewellery and handbag business.
With the plethora of seemingly endless opportunities, it’s hard to see a decline in
the number of students seeking to graduate as business administration majors.
Resources:
http://www.allbusinessschools.com/business-administration/job-description/
http://www.cosmopolitan.com/career/a33057/business-administration-jobs-career/
http://www.forbes.com/sites/brendancoffey/2011/10/26/the-four-companies-that-
control-the-147-companies-that-own-everything/#2936734d7f3b
https://www.jcu.edu.sg/courses-and-study/courses/course/master-of-business-
administration
