Summary: Don’t be confused by the different degree names of Business Administration vs. Business Management. Both stand for the same core education in management.
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 reason why 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 are achieved. 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 study of 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 to implement 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 navigate the 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 them standout 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. Popular positions 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 percent making $153,500. Some popular positions and their average salaries are
Marketing Manager: $108,580
Sales Manager: $97,260
General Manager: $91,570
Advertising Manager: $80,220
It’s important for professionals to build a resume that speaks directly to their skills so that employers don’t cast them aside before they get a chance at consideration. Although both degrees in Business Administration and Business Management lead to the same types of careers, the language of the program can influence employers, which is one reason why some institutions prefer to use the label Business Management in lieu of Business Administration.
The differences between a Business Management degree and a Business Administration degree are commonly very few. Most often, it is simply the school’s preference for the degree name. In the same vein, professionals should consider which degree name they would prefer to use on their resumes. It may seem an arbitrary choice, but the underlying decision is what concentration does the student ultimately want to pursue in the degree program and which program will offer the best education in that concentration.
Whether the degree or the position is labeled administration or management, the difference between Business Administration vs. Business Management varies between the institutions, so professionals must look beyond the name and focus on exactly what courses the school is offering and how those courses will affect their job candidacy.