Business Administration degrees are very common due to the versatility and flexibility they have in terms of job opportunities and program variety. We’ve gone through the numerous foreign post-graduate business administration degrees in depth.
According to a post, the NCES (National Center for Education Statistics), the majority of bachelor’s degrees earned in the United States in 2013–14 were in the field of business (3,58,000), even at the master’s degree level, the field of business received the most awards (1,89,000).
The Master of Management (MIM) and Master in Engineering Management (MEM) programs attract a large number of recent graduates with little to no job experience, while the MBA program is more suited for people with a few years of work experience. Undergraduate international business management programs seem to be common as well.
Accounting for managers, marketing, infrastructure and logistics management, business policy, organisational behaviour, human resource management, policy, corporate governance, and valuation are only a few of the subjects covered in business administration courses. There are elective options where you can learn in depth regarding a certain area of interest. The curriculum’s wide reach, as well as the numerous internship programs, assist you in determining the potential path of your career.
In this report, we will look at some of the best career options for students who have completed their bachelor’s or master’s degree in business administration.
Business Administration Job Possibilities
Because of the prestige, glamour, and capital on offer, this is perhaps the most sought-after area for finance practitioners. However, owing to the long working hours and pressures involved, it can be very demanding. According to efinancialcareers, 23% of London Business School’s MiM 2017 graduates went into investment banking. Investment bankers are the ones to manage such complicated financial dealings, whether it is collecting financial capital and security underwriting for the customer (usually major corporations) or assisting them in mergers and acquisitions.
Another popular choice, and possibly a dream job for many business administration graduates. McKinsey has been the global pioneer in this sector, led by BCG and Bain. The job entails assisting a company’s high-level decision-making process, thus increasing sustainability and assisting the company in dealing with competition. Consultants have the opportunity to work on projects in a variety of industries; each project can have its own level of difficulty, but on-the-job learning can be extensive.
This entails working with a firm and assisting in the preparation of the company’s financial roadmap, making strategic decisions such as those affecting corporate expansion or making acquisitions, divestment and mergers, or fund raising, with the goal of supporting the company’s growth and handling the financial risks involved.
The pay will be determined by the amount of experience. MIM graduates with no previous work experience will be hired as junior level financial analysts, while MBA graduates with prior work experience could be given a more senior job. A financial analyst’s salary would be around $60k, a finance manager’s salary would be $1,03,894, and a CFO’s salary would be $1,62,733.
This field is well-suited to many professionals who have experience. The job will include leveraging technical experience as well as managerial skills to effectively direct and coordinate all aspects of projects, including organising, drafting, arranging, reporting, checking, and delivering it to the client within the time frame specified.
Team management roles will include task allocation, budget estimation, time management, mentoring as required, team cohesion, decision-making, problem-solving, tracking success, and assessing team members’ results. It is also important to stay up to date with the new technological developments.