Business Administration and Management is a very popular subject to study. It ranks as the second most liked subject in the United States. However, over 228, 111 graduate annually with this degree.
Being a highly sought after degree, where you study its as important as the degree. Hence, this article on the best Business Administration and Management schools in the world.
Business administration and management degrees are amongst the most sought-after college programs in the US and with valuable reasons.
In fact, fortified with this versatile credential, you might launch a career in any industry, from music to manufacturing, construction to consulting.
With a two-year associate’s degree, you might find a job as a management trainee in the sales or retail industry. You can also jump into the role of an office manager or project coordinator.
A bachelor’s degree in business administration can give you the tools to take on managerial roles while obtaining your MBA will help you take the big step into leadership positions such as CEO or CFO.
So many institutions offer courses in business administration. Whether you prefer a brick and mortar campus or an online-only option, expect to collaborate with other students on challenging team projects that put business theory into exercise.
Hence, let’s look at what the Business Administration and Management is all about.
What Is Business Administration And Management?
Business administration is the control of a business. It includes all aspects of commanding and supervising business operations.
Basically, it comprises fields that include accounting, finance, project management, and marketing.
The term also pertains to the supervision of a business, i.e., management from all perspectives. This includes finance, marketing, human resources, and accounting. “Business administration is the means of organizing the business’s personnel and resources to meet business aims and objectives.”
What is the Job Description of a Business Administrator?
A business administrator oversees all roles related to running a business in a way that leads to successfully attaining the goals of the operation. Your managerial duties would include planning, controlling, organizing, staffing, and directing the operations of the business.
Executives and administrators work in every industry, from one-person businesses to firms with thousands of employees.
On the job, business administrators establish and carry out departmental aims, policies and procedures. Direct and oversees an organization’s financial and budgetary activities.
Business Administration Programs
Associate’s Degree in Business Administration
Basically, if you wish to launch a new career or improve the one you already have, an associate’s degree in business administration can help you find your stand in the business world.
It can also be a vital step towards a bachelor’s degree. Programs basically focus on accounting, management, and software applications. You will most likely implement the techniques you’ve gained in a capstone course with real-world relevance.
Many schools offer concentrations in specific areas of business administration, including health care administration, human resources, and information systems.
Through career-oriented courses, these programs help students develop the skills and industry background knowledge to qualify for entry-level jobs in a specialization field.
Bachelor’s Degree in Business Administration
Graduates of business administration programs typically come out with a firm grasp of business management principles, technical know-how, and interpersonal skills.
With a bachelor’s degree in business administration, you will be fit for vital functions in private, public, and nonprofit organizations.
You will be ready to work across industries as a business analyst, human resources generalist, operations manager, or marketing specialist.
Some business administration graduates also go into entrepreneurship, creating their own successful enterprises from the ground up.
Generally, the course work for a bachelor of business administration embraces management principles and practices such as
However, students can also expect their program to cover core business subjects such as accounting, finance, information technology, and marketing.
Master of Business Administration (MBA) Programs
With an MBA degree, graduates pass for an extensive list of management functions. From corporate controllers to executive directors in charitable agencies and from independent consultants to business owners.
Graduates of MBA degree programs place themselves for diverse professional opportunities throughout their careers.
MBA Students can choose a full-time MBA or part-time MBA program. Full-time MBA programs basically take two years to finish.
Undergraduate students can enter a BA/MBA track where they get their bachelor’s degree and MBA in five years.
For working professionals, busy moms and people with demanding schedules, pursuing an online MBA degree can be an ideal alternative to a popular classroom program.
While the curriculum may differ between schools, an accredited MBA online program delivers the same high-quality education and practical training as an on-campus program.
Doctor of Business Administration (DBA) Programs
A Doctor of Business Administration (DBA) prepares graduates to head, consult, and teach in corporate and academic arenas. Typically designed for applicants with management experience, DBA degree programs build on skills gained through masters-level studies.
Like a P.h.D, a DBA equips professionals with expertise in control and management principles and a higher level of competence in conducting research.
Students can get their DBA in three to six years, this depends on whether they enrol in a full-time or part-time program.
DBA studies usually require classes in research and analytical methods; core management subjects such as strategic planning, managing change, and solutions-oriented leadership; and the student’s choice of specialization.
Examples of specializations include international business, management, marketing and information systems.
Furthermore, candidates for a Doctor of Business Administration degree must write and defend a doctoral thesis and pass a comprehensive exam as part of the requirements for their degree.
What Certification is needed for Business Administration?
Although business administration professions are frequently defined by degree types., there are certificate programs available in business administration, mostly to help improve executive education skills.
If you specialize in a subfield of business administration such as human resources, accounting, finance, marketing, and information technology.
You will find a wealth of professional certificates designed to help you advance in your career—many of which are conveniently accessible in the online format.
How long does it take to study Business Administration?
Depending on your level of dedication, a business administration program can take the following time to complete:
Are Online Programs Available?
Luckily, online programs in business administration are readily open for all degree levels, including associates, bachelors, MBA and DBA degree programs.
Online programs comprise general business and almost every speciality area, including online programs in:
How much will Business Management Degree Cost?
Bachelor’s degree programs vary depending upon the school you attend. According to the recent College Board’s Trends in College Pricing, the average annual cost for a four-year, public institution is about $9,970 for in-state tuition and $25,620 for out-of-state-tuition.
The average yearly cost for a four-year private philanthropic school is $34,740 and $16,000 for a private for-profit school.
Master’s degree program tuition at in-state public institutions costs an average of $8,670 annually, and doctorate program tuition costs $10,830 annually at in-state public institutions.
What are the Education Requirements to study Business Administration?
Undergraduate: A great college preliminary high school education is a big start for your business administration degree program. Courses in English, communications and social sciences are recommended.
Mathematics courses, at least through pre-calculus are highly useful. If your school offers computer technology classes, make sure you register as these skills will be integral through college and into your career.
Graduate: A finished, four-year bachelor’s degree in business administration or any business field will equip you for graduate school.
GRE and GMAT: The Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) is not needed for admission to degree programs in the U.S.
However, you may submit a score for review with your admission materials.
16 Best Business Administration and Management Schools in the World.
Below is a list of the 16 best colleges and universities to study Business Administration & Management in the world.
Our ranking method takes into description education quality, average earnings of graduates, accreditation, and several other relevant factors.
#1. Boosting Your Professional Career—IU International University of Applied Sciences
IU International University of Applied Sciences (IU) is Germany’s largest university with over 70,000 students worldwide. The university puts a major focus on business and management degrees, helping the next generation of business minds get ahead in great careers. Its wide range of programmes are taught fully in English with
IU’s portfolio of over 200 programmes includes a Bachelor of Business Administration and six Master of Business Administration options where you can choose to major in areas such as: Engineering Management, Finance & Accounting, International Marketing, or Big Data Management. If you are looking to gain all relevant MBA expertise in a shorter timeframe, IU also offers this with its year-long MBA worth 60 ECTS.
#2. University of Pennsylvania
The University of Pennsylvania is the prime option for people interested in seeking a Business Administration & Management program.
Business administration programs from the University of Pennsylvania get an income increase of around 48.2% above the average incomes of business administration & management graduates. The University of Pennsylvania is among the largest institutions in Pennsylvania.
54.0% of students at the University of Pennsylvania acquire an educational grant, so don’t forget to complete the FAFSA! Graduates of the University of Pennsylvania usually don’t have problems paying back their student debt; just 1.1% are in default.
The school has an acceptance rate of 9%, a graduation rate of 96% and an employability rate of 91%.
#3. Babson College Massachusetts
Babson College is among your best odds if you’re thinking of studying Business Administration & Management.
Babson College awards graduate degrees in business administration for those interested in an excellent degree. It is established in the suburban area of Wellesley, Massachusetts.
Babson College features a great performing men’s basketball team. Merely 1.6% of Babson College graduates are in student loan default. This is notable because the default average is 7.0%.
#4. University of California-Berkeley California
The University of California – Berkeley is a good option for students seeking a Business Administration & Management degree.
After graduating, business administration students basically make an average of $63,099 in the first five years of their careers.
The location is a major urban center is great for young people seeking ample opportunities for networking, adventure, and exploration.
Around 78.0% of UC Berkeley applicants send their SAT scores, which average around 1,405. You might want to invest in an ACT prep course before taking the exam since the usual ACT score is 32.
#5. University of Southern California
It’s hard to beat the University of Southern California if you wish to pursue Business Administration & Management as a major.
Business administration programs from the University of Southern California gain an income boost of approximately 36.9% over the average incomes of business administration & management programs.
Los Angeles, California is an outstanding surrounding for college students who get pleasure from the active city life.
Students who get degrees from the University of Southern California seem to do great in the world as they are less likely to go into default on their student loans especially when matched to graduates from other schools.
USC’s 9:1 student-to-faculty ratio is one of the best in the country.
#6. Georgetown University
District of Columbia
Georgetown University is among your best odds if you intend studying Business Administration & Management. Business administration graduates from Georgetown University receive an earnings boost of about 43.7% above the average earnings of business administration & management graduates.
The surrounding area of a large city is wonderful for young people trying to find adequate choices for social networking, excitement, and discovery.
Georgetown’s 11:1 student-to-faculty ratio is among the very best in the United States. There is an advanced degree program achievable for students who are intrigued.
#7. Bentley University
It’s difficult to beat Bentley University if you wish to seek Business Administration & Management as a major.
With 133 students enrolled, business administration is one of the most popular programs at Bentley University. Waltham, Massachusetts is the perfect location for college students who like the fast-paced city life.
Just 37.0% of college students graduate on time. Bentley is way ahead of the pack on that mark with 82.7% of students completing on time.
On account of Bentley’s outstanding student-to-faculty ratio of 12:1, there are several openings for students to work with their professors.
#8. Pepperdine University California
Any student who has an interest in Business Administration & Management needs to check out Pepperdine University.
Graduates of the business administration major state that they receive average early career incomes of $48,451 and mid-career incomes of $85,322. It is set in the suburban region of Malibu, California.
This school does not require freshmen to live on-campus. The campus at this school is extremely diverse and welcomes undergraduates from over 39 U.S. states and 43 nations around the world.
#9. Michigan State University
Every student who has an interest in Business Administration & Management needs to check out Michigan State University. Business administration programs from Michigan State University earn a boost of around 25.5% above the average incomes of business administration & management graduates.
The setting in a major city is wonderful for students trying to find adequate opportunities for social networking, adventure, and discovery.
Over 52.0% of students get financial aid at Michigan State University. You’ll obtain a lot for your educational investment at Michigan State University, due to the fact its net price of $23,897 is an excellent value.
#10. Villanova University Pennsylvania
Villanova University is a monumental decision for students seeking a Business Administration & Management degree.
Graduates from the business administration & management major at Villanova University get 30.2% above the average college graduates in this field.
At Villanova, Pennsylvania, Villanova provides a dependable, suburban environment for students.
This college has a high retention rate, with 95.0% of the first years coming back for their sophomore year.
On account of Villanova’s excellent student-to-faculty ratio of 12:1, there are lots of opportunities for students to interact with their professors.
#11. Boston University Massachusetts
The Boston University is among your best odds if you’re thinking of studying Business Administration & Management. This is a fairly popular subject of study at Boston University, with 20.1% of undergraduates signed up for it.
Looking for a comprehensive school? This school has over 20,000 students on campus.
Boston University has been rated among the best for education quality for veterans and active-duty military.
This school features a superior freshman retention rate, with 93.0% of first-year students returning the next year.
#12. University of North Carolina
The Kenan-Flagler Business School is at the University of North Carolina at Chapel Hill. This well-regarded business school hosts a variety of customization options for the undergraduate degree, making it one of the most flexible schools on this list in terms of academic qualifications.
This school is regionally accredited by the Commission on Colleges of the Southern Association of Colleges.
Presence
Kenan-Flagler offers students the opportunity to get an undergraduate degree in business with customized options in 10 diverse areas of emphasis.
Students can choose up to two emphases, such as Multinational Finance and International Business, and a minor, to create a degree that exhibits their passion.
If a student chooses this path, they should speak with an admissions advisor to ensure they graduate on time. Degrees and concentrations administered at this school include:
Note:
The school is also known for its undergraduate global majors, an important part of an undergraduate’s education. There are a variety of programs to choose from, including intensives that last for a week to semester-extensive programs at one of 18 universities around the world.
#13. Cornell University
Cornell University houses Cornell Business, the school’s institution for business students. It is here that business majors will find a plethora of programs and concentrations to help them fulfill their business purposes.
It is widely known for its diversity among its student body and its faculty, and for its small class sizes. For business students, opportunities to enter case competitions or developing ideas is right on campus.
Presence
Cornell Business awards a Bachelor of Science in Applied Economics and Management with 11 concentrations. More also, the school awards the Bachelor of Science in Hotel Administration through the School of Administration. Degrees and concentrations offered at this school include:
Note:
The Dyson School offers a myriad of concentrations found nowhere else. From agribusiness to food industry management and more, the school offers specialized degrees in business that prepare students for a fruitful career in a specialized industry.
#14. The University Of Texas At Austin
The University of Texas at Austin is home to the McCombs School of Business, a leading business education institution.
This institution offers a powerful collection of undergraduate programs that come with specializations and concentrations. This university is regionally accredited by the Commission on Colleges of the Southern Association of Colleges.
Presence
McCombs is one of the largest schools of its kind in the country, educating over 6,000 students annually.
The school awards four undergraduate degrees, including one for non-business majors, with 10 majors and a collection of concentrations and specializations. Degrees and concentrations offered at this school include:
Note:
McCombs pairs undergraduate students with case competitions, study abroad opportunities, and internships that fit their interests. The school is known for job placement stemming from one of these programs, ensuring that most McCombs graduates find employment.
#15. University Of Notre Dame
The Mendoza College of Business is where Notre Dame students go for their business needs.
The school awards undergraduate degrees in business students, allowing them to take part in the intimate nature of the institution while still getting valuable real-world experience. The business school takes a holistic and spiritual path to education.
Presence
Mendoza awards business majors; the newest addition, Business Analytics, won’t launch until next year, but it’s already getting a lot of attention.
Students can also choose to minor in Innovation and Leadership as part of their degree program. Degrees and concentrations offered at this school include:
Notes
Students spend as much time out of the classroom learning through experience as they do in the classroom. This equips them for the challenges that they will face in the business world.
With solid relationships with classmates and professors, it surprises no one that Notre Dame falls in the top five.
#16. Washington University in St. Louis
Washington University in St. Louis is home to the Olin Business School. This is an exceptional institution that awards undergraduates a wide range of options when choosing a bachelor’s degree.
Olin is always on the top of the undergraduate business school rankings.
Presence
The school confers the Bachelor of Science in Business Administration degree, one of the most desired degrees by employers. The school has eight programs, a number that is rarely rivalled by any other institution.
Degrees and concentrations offered at this school include:
Notes
This school believes in having students put into practice what they’ve learned. Students enjoy the opportunity to work on case studies, work in teams through business plan competitions, and even operate their own business on school property.
It’s no wonder that students with an eye towards entrepreneurship flock to Olin.
Business Administration and Management FAQs
Executives and administrators work in every industry, from one-person businesses to firms with thousands of employees. On the job, business administrators: Establish and carry out departmental goals, policies and procedures. Direct and oversee an organization’s financial and budgetary activities.
The core courses offered in business administration programs include principles of management, business finance, business communications, psychology, sociology, business ethics, accounting, marketing, and human resource management. However, these courses may vary from college to college.
programs thus expose students to a variety of “core subjects” and allow students to specialize in specific academic areas like Accounting, Business, Financial Management, Cost and management accounting, Human resource management, Management information systems, Marketing, Operations management
But business administration can help your career get a fast start since what you learned will apply in many industries. Positions in finance, accounting, and international business have high entry-level median incomes.
Achieving a business degree is no simple task. Business administration curriculum is extremely challenging and business administration courses can be rigorous for even the brightest of students. Getting your business administration degree will take dedication, hard work, and passion
Conclusion
In conclusion, Business administration and management degrees are amongst the most sought-after college programs in the US and with excellent reasons.
However, fortified with this versatile credential, you might launch a career in any industry, from music to manufacturing, construction to consulting.
With a two-year associate’s degree, you might find a job as a management trainee in the sales or retail industry. You can also jump into the role of an office manager or project coordination.
A bachelor’s degree in business administration can give you the tools to take on administrative roles while obtaining your MBA will help you take the big step into leadership positions such as CEO or CFO.
References
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