Business administration is a career where an individual oversees the performance and operations of a business. Graduates with a degree in business administration have the opportunity to work in a broad range of fields.
In this article, we will discuss the salary for a business administrator, explore business administration jobs, and how to advance in this career.
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What is a business administration job’s salary?
A business administrator will probably work in a full-time salaried position. Because a business administrator has the ability to pursue career opportunities in a variety of industries, there is a broad range of potential salaries. Depending on the field you work in as a business administrator you should expect to make at least $44,305 per year on average according to Indeed Salaries where frequently updated salaries can be found. The size of your business administrator salary will also depend on the size of the company you work for, where it is located, and your experience both as a business administrator and within the field.
Business administration jobs list
Because nearly all fields need individuals in administrative positions, your options as a business administrator are plentiful. Whether you are choosing based on salary or your preferred duties and responsibilities, here are some top business administrator opportunities, along with the most up-to-date salary information from Indeed linked to each job title below:
1. Restaurant manager
National average salary: $49,634 per year
Primary duties: A restaurant manager handles the front and back-of-house operations of a restaurant. This includes hiring and managing cooks and service staff, interacting with customers, and performing quality control. The manager may lead or serve in an advisory role in the creation of a menu. The restaurant manager may also work with suppliers to ensure food is stocked and of suitable quality.
2. Hotel manager
National average salary: $50,672 per year
Primary duties: A hotel manager is responsible for the daily operation of a hotel. This includes staff management, setting and maintaining standards for the hotel, and compiling and delivering reports to the owner or board of directors. The hotel manager is tasked with finding the optimal pricing on units to maximize profits, avoiding both excessive empty rooms from high prices or missed opportunities to make additional money on low prices.
3. Health Administrator
National average salary: $70,469 per year
Primary duties: A health administrator applies their business administration skills to maintaining a medical facility. The administrator’s goal is to maximize a hospital’s performance. This is accomplished by hiring and maintaining a quality staff, setting care standards, and improving efficiency at the facility. The health administrator will also oversee grant funding requests and meet with investors and board members for the facility to keep them updated on the state of the facility.
4. Sales manager
National average salary: $75,386 per year
Primary duties: Business administrators who pursue a career in sales management are given the responsibility of overseeing a company’s sales staff. This includes not only hiring new staff members but also helping with the formulation of sales tactics. The sales manager will also review product lines with sales staff and create reports on sales performance to be delivered to executives at the company.
5. Construction manager
National average salary: $77,333 per year
Primary duties: If you opt to use your business administration degree to pursue a career in construction management, you’ll oversee construction projects in their entirety. Responsibilities cover everything from the planning phases of the project through construction to completion. The manager is responsible for maintaining a project’s budget and ensuring that it remains in accordance with any regulations as well as any design mandates. The construction manager also serves as a coordinator between the different groups working on the construction process, such as the architectural, engineering, and construction crews.
6. Systems Administrator
National average salary: $84,203 per year
Primary duties: A career as a systems administrator involves overseeing the computer system and network for a company. The position requires a blend of business and technical skills. In addition to handling checks on the systems to maintain function, the systems administrator works with staff members to ensure that coworkers are getting the support they need. Business administration professionals can work in a variety of fields as systems administrators as computer networks are common in nearly all industries.
7. Financial manager
National average salary: $110,320 per year
Primary duties: Business administration professionals who have a knack for numbers and finance may pursue a financial manager position. The financial planning and analysis manager oversees a company’s budget, tracking both sending and income. The manager performs an analysis of the spending and income data to suggest changes at the company to maximize profits. A financial manager may work with databases and modeling software to perform predictive analysis to assist in the financial decision-making process.
8. Principal
National average salary: $112,685 per year
Primary duties: Although you may not immediately think of a school when considering businesses, a principal requires strong business administration skills. Responsibilities of a principal include hiring and managing staff, enforcing school policy for students and staff, and facilitating communication between staff and parents. The principal must also manage the school’s budget and funding drives. A business administration education translates well to these roles and makes it an appealing career opportunity.
9. Product marketing manager
National average salary: $113,084 per year
Primary duties: If you opt to use your business administration skills to pursue a career in product marketing management you will need to learn your company’s product line in detail. The product marketing manager uses this information to collaborate with other departments to plan and execute marketing campaigns.
The product marketing manager may also be tasked with training the sales staff, including teaching them about the key features of new products being launched. The product marketing manager also uses analytics and market research to identify target demographics to guide marketing spending to maximize return on investment.
READ ALSO: TOP 30 ONLINE FIRE SCIENCE DEGREE PROGRAMS
How to advance in business administration
Business administration is a competitive field so every advantage you can get is worth pursuing. These tips will help you to make the best possible impression when applying for a position with a new employer or when seeking a promotion with your current employer.
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Show your work ethic.
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Take on added responsibility.
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Never stop learning.
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Watch for trends.
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Add to your skill set.
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Get certified.
1. Show your work ethic
A strong work ethic is one of the most valuable skills an employee can possess. It is broadly applicable across all fields and allows you to perform better in all phases of your job, Your work ethic is most effective when pursuing promotions with your current company as the individuals responsible for the promotion can see how hard you work. You can also demonstrate your work ethic on a resume for an outside employer, however. In addition to listing it as a skill, you can phrase your job duties in a way that shows that you are a hard worker.
2. Take on added responsibility
One effective way to show your work ethic is to seek out additional responsibilities at work. Not only does this show a willingness to do more than the minimum, but it also allows you to grow your resume. When you take on new tasks, it allows you to develop your responsibilities and your skills section on your resume. A more diverse and expansive list of duties and skills is appealing to a prospective employer when seeking a new job or promotion.
3. Never stop learning
Just because you have found work in business administration doesn’t mean you should stop learning and improving yourself. Pursuing further formal education allows you to earn an advanced degree which is often expected for higher business administration positions. The knowledge and skills you learn while earning your degree also allow you to excel in the workforce.
Not all continued education has to be formal, however. Even if you have earned the level of degree you feel you need to reach your goals, you should still be staying up to date on any developments in the field in which you work. By reading trade magazines or adding leading websites into your newsreader you can make sure that you don’t miss out on any developments that make your job easier or more effective. This can help keep you ahead of your peers and maximize your chances for career progression.
4. Watch for trends
Although staying up to date on the latest trends in your industry is important, it’s even better to be on those trends before they get major notice. This gives you and your employer a leg up on the competition which is an excellent way to get ahead and advance your business administration career. By analyzing trends in your business and data gathered from your analytics staff you can look for areas to exploit in the current market that have not otherwise been implemented. If you can master this forward-looking skill, it provides a major boost to your career.
5. Add to your skill set
Just as you should always be studying and gaining new knowledge throughout your career, you should also aspire to develop new skills regularly. Learning how to use new technology can greatly increase your efficiency and expand the range of jobs you qualify for. Expanding your understanding of the different jobs being performed at your company not only provides valuable skills for your resume, but also makes you more effective at managing and working with the staff at your company.
6. Get certified
Professional certifications are often not required when applying for a position, but they can provide value to your resume. When two similar applicants apply for a position, certification shows that you have met the standards of the certifying agency, which can be the difference between you or the other applicant getting the job. Research the top certifications in your field and choose options that best apply to your current position or the types of positions you hope to pursue in the future.
I hope you find this article helpful.
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