With the economy somewhat shaky all over the world many people are stepping up their education by going for a Business administration degree. Since nearly every field contains some element of business, this type of degree, whether it is a Bachelor’s in Business Administration (BBA) or a Masters in Business Administration (MBA) is a very popular choice. Of course, if you take the time to pursue this degree, you want to know what to expect.
One of the main concerns people have is what type of job they are going to be able to get once they get out of school, and how much money they are going to be able to make when they do. Payscale.com lists a variety of common job titles for those who have BBAs or MBAS, and there’s a wide range of possibilities. At the most basic level, an Administrative Assistant position can earn between $24K and 52K, and in some companies an operations manager can earn near $100K a year. With an MBA a Financial Analyst can make between $40K and $77K, and a Chief Financial Officer (CFO) can often make over $200K per year.
Of course not all schools and programs are created equal. There are programs all over the world. Some require mostly classroom attendance, but many can be achieved online. Cost is also a factor that can vary quite a bit, and a higher cost does not necessarily mean you will get a better education. Many different organizations develop ranking systems that can help you choose where you want to go to obtain a business degree. For example, if you are interested in earning an MBA degree from a Canadian school, Payback is an organization that ranks Canadian MBA programs. Top Schools have programs that range from intensive programs that last about a year to two year programs. Admission requirements depend largely on undergraduate performance as well as scores on a TOEFL test if English is not your first language. For many schools a GMAT (Graduate Management Admission Test) is also required, usually with a score of 500 or better.
If you’re already working in business, and are looking to move up in your company getting input from your HR department on where to seek your undergraduate business degree or MBA is also a good idea. Before accepting your offer of admission you’ll want to know about the school’s employment track record and if they have a relationship with companies you may want to work for in the future. A Business Administration degree can play an important role in your security, so it’s worth the effort to find the program that works best for you.
