Question 1

What is business administration, and why is it important to learn?

Accepted Answer

Business administration is the integrated supervision and administration of all areas of an organization. This requires understanding business areas ranging from accounting to marketing to Human Resources (HR) and beyond, while also understanding how all these pieces fit together. The ability to see the big picture, set organizational goals, and align its people and resources accordingly is critically important to the success of any company.

Today’s business administrators and managers must be adept at combining traditional leadership skills with a fluency in business analytics. The digital era has created a wealth of opportunities for data analysis of a wide range of business areas, including customer behavior, operations research, and employee performance, and executives must not only understand these analytics but also be able to prioritize their relevance to decision-making.

Like business leaders of previous eras, however, they must also have the strong interpersonal skills needed to connect with their teams and motivate them to achieve company goals. And, perhaps more than ever, top executives need empathetic change management skills to be able to help their employees navigate the unprecedented challenges and economic disruptions of COVID-19.

Question 2

What kinds of careers can I have with a background in business administration?

Accepted Answer

An education in business administration, and particularly a masters in business administration (MBA), can be a gateway to a wide range of careers in the world of business and finance. Understanding how organizational structures and operations impact with bottom-line business results is essential whether you have a managerial role within a company or are working as a financial analyst deciding whether or not to invest in a company.

MBAs are a particularly important credential for chief executive officers (CEOs) in the corporate world, who are ultimately responsible for decision-making across all business activities. The willingness to make these often-difficult choices and guide companies successfully is one of the most highly valued skills in the job market; according to the Bureau of Labor Statistics, the median annual wage for chief executives was $184,460 in 2019.

Question 3

Can I learn about business administration by taking online courses on Coursera?

Accepted Answer

Absolutely. Coursera enables you to take courses and Specializations covering all areas of business, including business administration and related topics in management and leadership. These courses are offered by top-ranked schools such as the University of Pennsylvania and the University of California, Irvine, so you can learn remotely while still getting a high-quality education. You can even apply for a full MBA program from the University of Illinois at Urbana-Champaign or Macquarie University, allowing you to get a degree from prestigious business schools at a significantly lower cost than on-campus students.

Question 4

What Is an MBA degree?

Accepted Answer

A Masters of Business Administration, or MBA degree, is a graduate-level business and management degree with a focus on leadership and managerial skills. By earning this degree, you can equip yourself with the skills and knowledge to accelerate your career, transition to new industries, or even launch your own businesses.

It’s the most common and one of the most versatile graduate degrees available. Read our article about an MBA degree to learn more.

Question 5

What skills or experience do I need to already have before starting to learn business administration?

Accepted Answer

The skills and experience that would be helpful to already have before starting to learn business administration will likely include a passion for business, knowledge about business processes, and education experience toward an associate degree, a bachelor’s degree, or master’s degree. Other skills and experience might be the ability to work in business situations, handle pressure well, be a good listener, and be likable and agreeable. It may also help to have prior experience in project management or operations management.

Question 6

What kind of person is best suited to learn business administration?

Accepted Answer

The kinds of people best suited for roles in business administration are usually those with a financial focus and an understanding of strategic operations and business analysis. Those who work in business administration are often people who have leadership capabilities, have a good grasp of accounting principles, and possess a calm, even-keeled temperament. People who are best suited for roles in business administration might be new graduates with a strong technology background as well. As more businesses shift their work practices toward digital efficiencies, someone who works in this area should likely have a capable technology background, with exposure to data sciences and internet operations.

Question 7

How do I know if learning business administration is right for me?

Accepted Answer

You might know if learning business administration is right for you if you're a person who likes to use your knowledge about business processes and procedures to develop efficiencies for companies and organizations. You might have interest in helping companies and organizations on ways to improve management practices, lift employee morale, and increase your company’s communications. Learning business administration may be right for you if you are focused and disciplined to create a long-lasting business career. Learning the fundamentals of business administration will eventually produce a clear understanding of the financial fundamentals of any type of company.

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Häufig gestellte Fragen zum Thema Betriebswirtschaft

What is business administration, and why is it important to learn?‎

What kinds of careers can I have with a background in business administration?‎

Can I learn about business administration by taking online courses on Coursera?‎

What Is an MBA degree?‎

What skills or experience do I need to already have before starting to learn business administration?‎

What kind of person is best suited to learn business administration?‎

How do I know if learning business administration is right for me?‎

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