The Difference Between Business Administration And Business Management Degrees

The Difference Between Business Administration and Business Management Degrees
When looking at a bachelor’s degree in Business Administration vs. Business Management, many students wonder, what’s the difference between the two? Don’t be confused by degree names, as both labels stand for the same core education in business management. The program name might vary from institution to institution,but the underlying education results in the same skill sets.
In today’s job market, the concentration of one’s degree matters more and more, as stiff competition for positions makes it difficult for employers to choose the most suitable candidate. The narrower the focus of study, the easier it is for employers to recognize immediately what a professional went to school for. That’s a major reasonwhy a program label can be important on a resume, as a wide, general name like Business Administration may not speak directly to the abilities of the professional like Business Management.
Business Administration vs. Business Management
Technically, the concept of Business Administration is defined by the process of organizing a business’s people and resources in order to ensure that objectives areachieved. A bachelor’s degree in Business Administration yields a core of knowledge including accounting, finance, economics, business law, ethics, marketing, organizational behavior, strategic management, and management information systems. Eventually, the student narrows their coursework to a specific focus like Entrepreneurship, Marketing, Finance, Accounting, or Management. The general studyof a business bachelor program means that the professional emerges with a broad understanding and is viewed as a decision maker with good communication skills.
Meanwhile, a Business Management degree, like the program offered by Marylhurst University, narrows the focus from the beginning by stressing the business skills that make up an effective business leader. This includes the ability toimplement change in a company, establish a consensus among key contributors and maintain a creative strategy for the business’s success. Management also covers these basic functions:
Staffing: choosing the right people for the right jobs.
Directing: figuring out what actions should be taken and who should be taking them within the organization.
Planning: coming up with successful strategies to navigatethe business into the future.
Organizing: understanding how to group various resources in order to implement the plans.
Controlling: following up on the progress of the execution of plans and making the necessary alterations in order to guarantee their ultimate success.
The end goal for those who seek a degree in Business Management is to learn necessary leadership principles that make themstandout applicants in today’s job market. When choosing a degree program, look for those that stress the handling of some of the current issues facing the business world now, such as the need for more ethical guiding principles in leadership and an understanding of recent trends involving the environmental impact of businesses.
Jobs in Business Administration vs. Business Management
Although “manager”is used most commonly to refer to both Business Administration and Business Management professionals, the job outlook for both is predicted to see an increase in job postings because of retiring baby boomers.
In terms of expected salary, for administrative managers, the media range falls around $73,520, with the lowest 10 percent earning $37,430 and the highest 10 percent earning $129,770. Popularpositions and their average salaries are
Public Administrator: $82,150
Education Administrator: $71,630
Database Administrator: $66,310
Budget Analyst: $65,320
Because manager is in such widespread use, any number of industries can be tapped with a Business Management degree. In general, the average salary for a manager is $90,230 with the lowest 10 percent earning $46,700 and the highest 10...