Is studying business administration worth it? There are so many ways to get into business, and with how easy it is to get online and start selling, some might argue that you don't even need a degree to be successful. However, there are many aspects of business that having a business administration degree can prepare you for, which you would not be aware of without it. 

In this article, we’ll discuss some of the best benefits of studying business administration so you can broaden your horizons and confidently take on the business world.

1. Your skills will be in demand

One of the biggest reasons why you should study business administration is that individuals who hold a qualification in business management will be in high demand across a range of different fields. Business administration is a highly marketable degree because employers know that the skills learnt throughout the qualification prove useful in almost any profession. 

The future for business graduates looks increasingly promising, as it’s estimated that jobs in the financial sector are expected to grow 10% between 2016 and 2026. That’s much faster than a majority of other fields. This is largely due to globalisation and the growing economy. But it doesn't run off of luck or go viral; no, in order to keep going, professionals are required to give insights from qualitative market research to help companies better understand their target audience and product demand.

2. There is a competitive earning potential for Business Administration graduates

Considering that people with a business administration degree are in high demand, it's not surprising to learn that pursuing this degree also opens up the doors to competitive earnings. Right off the bat, most business administration graduates have the pickings of enjoyable salary options, especially those who have completed their Master's in business administration (MBA), and it only gets better the more experience you gain. 

3. You could work from anywhere on your own schedule

Another wonderful perk of studying business administration is that you can work virtually in almost any field. With the rise of the tech revolution, business people were once constrained to the office, but now your options are endless. Many business-related jobs are available full-time, part-time, remote, location-based, or hybrid options. As long as you get the work done, most employers are happy to have you work from anywhere. 

4. You’ll have the privilege of job versatility

The beautiful thing about business is that the same principles and skills can be applied to companies across the world and across different fields. You could be the sales manager of a major fashion line or the tax manager of a nature conservation company. Even if you complete your business administration qualification but don't see yourself going into the typical careers, you could even move on to more creative options like marketing or public relations. And, of course, you have the skills to venture off and be an entrepreneur. You’ve got the skills; your possibilities are endless! 

5. You’ll gain invaluable networking skills and contacts

Never underestimate the power of having good networking skills, and all throughout your studies this is one area that will constantly be built up and put into practice whether you realise it or not. 

While your people skills, passion and Google can get you quite far with approaching the right people, studying business administration will teach you about the different types of networking and networking skills needed to build successful business relationships and how to approach different scenarios. 

Also, the university is the perfect place to practice putting these skills into action. As a business administration student, you’ll be in contact with a diverse group of established and future business people, all of which you can build relationships with that you might find mutually beneficial one day. Who knows, you might get your first real breakthrough a good friend you met in your days of studying when you were just having fun and bonding over shared experiences or through your professors who already have the contacts and can write you a good recommendation. 

6. You’ll learn to master the art of Leadership

A business administration degree teaches you all the ins and outs of the business world. The success of individuals in business largely depends on their ability to lead, and a huge chunk of business administration qualifications focus on teaching leadership skills. Yes, you could be a natural-born leader and be able to sell ice to an Eskimo, but studying business administration can enhance those skills or completely transform those whose leadership skills are lacking.

7. You’ll gain a good understanding of market operations

To be sustainable in business, you need to understand how the market works. You can get an idea from watching professionals give talks, but that’s only scratching the surface. For those who want to know how to make smart investments, how to optimise funds and use money wisely, the knowledge and skills gained from a business administration course will help you achieve all this and more. 

Final thoughts

So, for anyone who is on the fence about whether studying business administration is right for you, we hope these benefits have opened your eyes to the opportunities that it can bring. Even if you are an established business owner, it never hurts to learn how to perfect your craft and improve your business. Even getting your Graduate Certificate in Business Administration will open your eyes to the skills and knowledge that will help you reach your full potential; you may even go on to greater things and complete your MBA. By studying business administration, the world is your oyster.