Business Administration & Management
Types of Degrees Business Administration & Management Majors Are Getting
The following table lists how many general business administration and management graduations there were in 2019-2020 for each degree level.
|Education Level||Number of Grads|
What Business Administration & Management Majors Need to Know
People with careers related to business administration were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.
Knowledge Areas for Business Administration Majors
This major prepares you for careers in which these knowledge areas are important:
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Skills for Business Administration Majors
When studying business administration, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:
- Speaking - Talking to others to convey information effectively.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Abilities for Business Administration Majors
Some of the most crucial abilities to master while a business administration student include the following:
- Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
- Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Written Comprehension - The ability to read and understand information and ideas presented in writing.
- Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
- Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
What Can You Do With a Business Administration & Management Major?
Below is a list of occupations associated with business administration:
|Job Title||Job Growth Rate||Median Salary|
|Administrative Services Managers||10.1%||$96,180|
|General and Operations Managers||9.1%||$100,930|
|Investment Fund Managers||8.0%||$107,480|
|Loss Prevention Managers||8.0%||$107,480|
|Regulatory Affairs Managers||8.0%||$107,480|
|Social and Community Service Managers||18.0%||$65,320|
|Storage and Distribution Managers||6.8%||$94,730|
|Supply Chain Managers||8.0%||$107,480|
|Wind Energy Operations Managers||8.0%||$107,480|
|Wind Energy Project Managers||8.0%||$107,480|
Who Is Getting a Bachelor’s Degree in Business Administration & Management?
At the countrywide level, the racial-ethnic distribution of business administration majors is as follows:
|Race/Ethnicity||Number of Grads|
|Black or African American||15,320|
|Hispanic or Latino||22,406|
Students from other countries are interested in Business Administration, too. About 6.0% of those with this major are international students.
How Much Do Business Administration & Management Majors Make?
Salaries According to BLS
Average salaries range from $94,390 to $115,590 (25th to 75th percentile) for careers related to business administration. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.
To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.
Amount of Education Required for Careers Related to Business Administration & Management
Some degrees associated with business administration may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.
How much schooling do you really need to compete in today’s job market? People currently working in careers related to business administration have obtained the following education levels.
|Education Level||Percentage of Workers|
|Less than a High School Diploma||0.2%|
|High School Diploma - or the equivalent (for example, GED)||9.1%|
|Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)||4.1%|
|Some College Courses||7.2%|
|Associate’s Degree (or other 2-year degree)||8.6%|
|Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.||4.0%|
|Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level.||2.3%|
|First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.||0.3%|
Online Business Administration & Management Programs
In the 2019-2020 academic year, 2,476 schools offered some type of general business administration and management program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.
|Degree Level||Colleges Offering Programs||Colleges Offering Online Classes|
|Certificate (Less Than 1 Year)||0||0|
|Certificate (1-2 years)||337||99|
|Certificate (2-4 Years)||7||1|
|Doctor’s Degree (Research)||159||28|
|Doctor’s Degree (Professional Practice)||11||1|
|Doctor’s Degree (Other)||2||0|
Is a Degree in Business Administration & Management Worth It?
The median salary for a business administration grad is $103,330 per year. This is based on the weighted average of the most common careers associated with the major.
This is 159% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,268,600 after 20 years!
Explore Major by State
District of Columbia
Majors Related to Business Administration & Management
You may also be interested in one of the following majors related to business administration.
|Major||Number of Grads|
|Interior Design Management||15,201|
|Supply Chain Management||9,941|
|Purchasing, Procurement/Acquisitions and Contracts Management||1,097|
|Research and Development Management||206|
|Customer Service Management||194|
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
- College Factual
- College Scorecard
- National Center for Education Statistics
- O*NET Online
- U.S. Bureau of Labor Statistics
- Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
More about our data sources and methodologies.
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