Are you confused by all the business-specific jargon?
All the different positions, names, and roles can confuse those outside of business. Add to this confusion the other jobs, skills, and education required for each position. You may wonder what to learn or what role to aim for.
Once you understand business administration vs business management, you can make the right decisions. Keep reading to find out more!
What is Business Administration?
Business administration is the process of planning, organizing, and controlling operations. It includes the coordination of resources and the implementation of policies and procedures.
A business administration program focuses on the operational aspects of how to learn the business.
What is Business Management?
Business management is leading and motivating employees to achieve organizational goals. It involves setting objectives, developing plans, and monitoring performance.
Business management is focused on people and processes.
The Benefits of Business Administration
Many benefits come with careers in business administration degree. One of the most beneficial aspects of pursuing a business administration degree is developing strong time management skills. Time management is a skill that is important in any business setting.
Those with a business administration degree will have an advantage in managing their time. Business administration degree holders will also gain valuable experience in leadership and management. These skills are essential for anyone who wants to climb the corporate ladder.
This is why students that are interested in a business career should consider a bachelor’s in business administration. This degree will give them the skills and knowledge they need to be successful in any business career.
The Benefits of Business Management
The benefits that come with careers in business management are many.
It helps create a positive work environment and improve employee communication. Furthermore, effective leadership can help to resolve conflicts and improve team morale.
What Are the Salary Prospects for Each?
Business administrators typically earn a median salary of $96,940. At the same time, business managers earn a median salary of $103,780. However, salaries will vary depending on experience, education, and industry.
For instance, business administrators in the top 10% can earn over $180,000. At the same time, business managers in the top 10% can earn over $200,000.
What Skills Do They Need for Each?
When it comes to skills, business administration generally requires more specific skills. This includes bookkeeping or experience with customer service software.
Business management requires more general skills, such as strategic thinking and leadership. Of course, both roles require good people skills and communication skills.
Understanding Business Administration vs Business Management Today
There are key differences in careers between business administration vs business management. Business administration focuses on the operation of a business. At the same time, business management focuses on leading and overseeing a team.
If you are interested in a career that focuses on the big picture, then business administration may be the right path. Business management may be the better option if you are interested in working with a team and leading them to success.
Are you interested in learning about other lifestyle topics? Check out our other posts to learn all you can today!
