A Degree of Security: Business Administration

By Jessica Santina
Learning & Life Columnist

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Every company needs somebody who knows how to handle the money, whether it's a manager, a financial analyst, an accountant, or an actuary. That's why a degree in business administration is the key to a solid financial future.

Baby Boomers start turning 60 this year, and many of them are planning for retirement. How does that relate to you as you enroll in a degree program? It means that the largest segment of America's population will be leaving the job force to retire, opening up thousands of jobs. Plus, many of them have pensions, 401ks, and other funds theyÃ¢â‚¬â„¢ll need help managing and investing during their retirement. Combine this Baby Boomer effect with an increasingly global economy and tough regulations like Sarbanes-Oxley, and you'll understand why a degree in business administration makes so much sense.

What You'll Gain

A degree in business administration prepares you to work in a multitude of settings, from small start-ups to multimillion-dollar corporations, from non-profits to governments or the private sector. It's one of the few degree programs that incorporate communication skills with math, technology, sociology, marketing, and even human psychology. You'll get hands-on experience solving real-world problems in case studies, so that you enter the labor force with the tools you need to start work immediately. That's why those with degrees in marketing, economics, and finance enjoy some of today's highest starting salaries.

A Secure Future

If job security is what you're looking for, look no further than a business administration degree. The Bureau of Labor Statistics says that the professional and business services industries will grow much faster than average, at 27.8% from now until 2009, adding 4.5 million new jobs. These jobs include management, finance, insurance, and marketing jobs. And most of these employers prefer candidates with four-year degrees. With such a wide range of opportunities available, a business administration degree makes a lot of dollars and sense.

Sources

About the Author
Jessica Santina is a freelance writer with a background in media and marketing. She also teaches first-year writing courses at the University of Nevada, Reno.

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