Business Administration Online
Business administration is the practice of efficiently managing business operations, organizing people and resources, and implementing major decisions in order to reach the stated goals and objectives of a company. Henri Fayol, a father-figure to contemporary business administration, detailed five elements of administration including planning, organizing, staffing, directing and controlling. Each component plays an important role in the successful governing of an organization.
Business Administration Degree Online Description
The first business school was established in 1819 in Paris. Since then the opportunities for education in business administration have flourished. Today there are thousands of accredited institutions that offer an online business administration degree which include associates, bachelors, masters and doctorate degrees. Online business administration courses may include specialized focus in different content areas, making an online business administration degree a good fit for people of many different interests. Focus may include criminal justice, healthcare administration, information systems, accounting and finance, international business, marketing, organizational psychology and development, or project management, among others. Regardless of focus, online business administration courses generally include economics, marketing, communications, human resources, project management, organizational behavior and ethics. These skills are highly sought after in today’s job market and an online business administration degree will offer job seekers challenging and rewarding opportunities as employers are constantly in search of professionals with the ability to manage people and assets in order to stay profitable. Because of the wide range of responsibilities that administrator’s hold, a variety of online business administration courses is essential in order to be competitive and successful.
Business Administration Careers
Careers in business administration can be found in all sectors of the economy but are highly concentrated in education services, the healthcare industry, state and local government, and finance and insurance industries. An online business administration degree can prepare applicants for many different positions. Executive or administrative assistants provide multifaceted support to management by preparing reports and correspondence, conducting research, and scheduling meetings. The 2008 mean annual wage for executive and administrative assistants was $42,340. Human resource management positions should experience faster than average growth over the next decade as these employees are tasked with the important functions of attracting, motivating and retaining qualified staff. Additional duties include recruiting, interviewing, hiring, enhancing moral and productivity, and increasing performance of employees in all facets of an organization. Median annual wages for human resource managers in 2008 was $86,500. The role of office managers is to supervise staff, allocate work assignments and deadlines, establish quality standards, and ensure that an office is running efficiently. Median annual wages in 2008 for office managers was $45,790. The role of a project manager is to coordinate team member efforts and ensure that deadlines and goals are being met from inception through completion. Earnings fluctuate depending on education, experience, geographic location, and bonuses.