Types of Business Administration and Degrees

Types of business administration can be useful in almost any area and lead to various job options. Whether finance or entrepreneurship are your areas of love, selecting the appropriate specialization for your business major will help set you up for success in your chosen field. Every post-secondary education level offers business degrees, ranging from certificate programs to doctorate degrees.

How do you choose a type of business administration?

Choosing a business major involves taking into account several criteria, such as:

Interests 

 A major is a decision that requires careful consideration of your particular interests, as the courses you take toward it will take up a large portion of your time. You'll be more likely to stay motivated to complete your degree and do better in your classes if you have a natural interest in the material you are studying.

Skills and strengths

Consider your strengths and the abilities you have already acquired via prior training and employment, in addition to your interests. Certain talents aid success in various majors. Someone with a natural aptitude for arithmetic, for instance, would think about majoring in finance or accounting.

Salary 

Compared to other majors, some lead to occupations with greater average salaries. When selecting your major, consider the kind of life you want to lead and the income required to support it.

Career 

The best major for you depends on the job you intend to pursue after receiving your degree. After considering the job titles and career pathways that most interest you, you should investigate the majors that companies find most desirable for those particular positions.

Work-life balance

It's critical to keep a positive work-life balance that brings you happiness. Some occupations, like those in senior management, might need you to put in longer hours at the office than others. When selecting a major, consider how much time you are comfortable devoting to reaching your professional objectives and how that fits into striking a healthy work-life balance.

Ten types of business Administration

 A career-focused curriculum within a particular area and a strong business foundation can be obtained by pursuing a specialized business degree. The following is a summary of some of the most popular business majors:

• Accounting

• Marketing

• Sales

• Finance

• International Business

• Human resources

• Health services administration

• Management information systems

• Business administration and management

• Master of Business Administration

Accounting 

Accounting majors gain knowledge of creating financial papers, managing business operations, and tracking, analyzing, and overseeing financial statements. You can get ready for the Certified Public Account Licensure Exam in addition to earning your degree.

Accounting, accounting information systems, company law, auditing, cost accounting, and tax accounting are typical course topics for this program. Accounting majors may hold positions such as "Accountant" or "Tax intern."Analyst of finances.

Marketing 

Students majoring in marketing study consumer behavior research, brand recognition, product price, promotion, and advertising targeting. Advertising and promotion, marketing communications, international marketing, marketing management, professional selling and sales management, consumer behavior, marketing research, and marketing strategy are typical course topics for this program.

Sales

Majors in sales acquire the skills necessary to market goods and services to customers and companies. Courses, including business economics, entrepreneurship, and sales techniques, are typical for this degree.

Finance 

Majors in finance study the fundamentals of accounting, economics, project management, and business principles. They also learn how to apply this knowledge to assist organizations and individuals in making long-term plans. Students majoring in finance gain knowledge of investments and long-term planning.

Accounting and statistics for financial analysis, financial markets and institutions, investments, financial statement analysis, financial management, and international finance are typical course topics for this degree.

International Business

International monetary policy, global banking, emerging financial markets, cultural norms, and international business management are topics covered by majors in international business. Majors in international business are advantageous for those who want to work for a multinational corporation after graduation.

Business ethics, financial markets and derivatives, foreign languages, worldwide logistics, intercultural communication, international finance, international marketing, and international operations are typical course topics for this program.

Human resources

Majors in human resources study how to find and hire qualified candidates, conduct effective interviews, comply with local, state, and federal workplace laws, and develop and inspire staff members. Compensation and benefits, labor relations, employee and employee law, organizational behavior, performance management, staffing, statistics, and training and development are topics covered in this program's typical coursework.

Health services administration

Majors in health services administration gain knowledge of all facets of managing and supervising healthcare organizations, including long-term care facilities, physician offices, nursing homes, and hospitals, as well as the services they offer.

Accounting, health care administration, health care legislation, health care policy, anatomy and physiology, health care ethics, health care finance, long-term care and aging, health care economics, epidemiology, human resources management, and statistics are typical course topics for this degree.

Management information systems

Majors in management information systems learn about technology and business applications of information systems. Database design, e-commerce, financial information systems, managing information systems, networks and telecommunication, programming for systems development, project management and practice, and systems analysis and design are the topics covered in the program's typical coursework.

Business administration and management

Majors in business administration and management study business foundations, how organizations function, how to assess a company's strengths and weaknesses, how to develop organizational plans, and how businesses plan and carry out industry changes.

Master of Business Administration

One of the most prominent business degrees offered is the Master of Business Administration. Those who pursue an MBA learn advanced business basics, management concepts, company organization, economics, and business law and ethics after completing their bachelor's degree.

Accounting, finance, applied statistics, business communication, business law, business ethics, managerial economics, management, entrepreneurship, and marketing are typical course topics for this program.

Conclusion 

In different types of business administration, You have gained knowledge about several business types according to size, industrial sector, and ownership structure in this brief course. After studying, you finished an exercise that involved short summaries of various business types.

Additionally, you have read a slightly lengthier case study about a German company and participated in a discussion about it in another exercise. By doing this, you have acquired some study skills, such as closely reading a text and case study material and applying concepts—in this example, the many business classifications—to that material.