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Know the difference between Business Administration vs Business management

 

What is the difference between Business Administration vs Business Administration?


Ostensibly, the two degree pathways are similar: both are four-year degrees, both are offered by many major accredited universities, and both are popular with undergraduates. However, look a little closer and you can see that there are important differences between the two business options.


Know the difference between Business Administration vs Business  management



While both degrees offer a foundation in Business Fundamentals, they each have a different focus. For starters, the BSBM Bachelor of Science in Business Administration degree focuses on business management. Coursework may include business communication, accounting basics, and management theory. On the other hand, Bachelor of Science in Business Administration (BSBA) can be different majors. Students can focus on more practical applications of business, such as finance, marketing, economics, and operations. While teaching business theory, students of BSBA programs also learn the concrete skills that drive business management, leadership, and ethical decision-making.




What is business administration?


Related : What is the specialization of business administration and the most important branches of business administration?

Before considering a business degree, individuals should understand the definitions of business administration and management. In smaller organizations, the roles may not differ significantly. However, despite the tendency to group business administration and management into one category, they are each distinct in their own right.


Business managers deal with the efficiency of the day-to-day operations of the company. Students pursuing a degree in business administration learn about effective forecasting, strategic planning, research, and entrepreneurship. These abilities are essential to success in a fast-paced business environment and provide graduates with the opportunity to make critical, far-reaching decisions for their companies.


What is business management?



Business administration and management involve directing the operations of an organization. Students who train in these areas may be exposed to ideas including finance and economics, human resource functions, and how to apply statistical analysis to better guide an organization's long-term plans. However, as the size of the company grows, the responsibilities of each role diverge into more specialized areas.


Companies tend to rely on business managers to deal with issues such as managing teams and dealing with personal issues. The human-centred nature of a Business Administration degree typically appeals to students who are better at communicating face-to-face with others. To this end, conflict resolution and diplomacy are essential components of a future business manager.

Similarities and differences between management and the degree of business administration


There are obvious similarities between business management and business administration, but the ways in which the two first-class tracks differ are also notable. If an individual is looking for two broader educational paths, business management may fit that bill. As noted by the Houston Chronicle, the focus of a business administration program is usually on the bigger economic picture. Students in business administration programs aim to gain a broad understanding of recent business trends but may not necessarily focus on the specifics of any market.


Conversely, business management is sometimes more suitable for people who plan to take on specialized business roles when they complete their studies. Those looking to work as senior accountants, chief technology officers, operations officers, and similar roles may be best served by a BSBA degree before moving on to graduate-level education.


In some ways, the two core business degrees differ in a similar way to how public policy and public administration degree programs differ. Management is more about vision, planning and communication, while management is more concerned with ensuring that the nuts and bolts operations continue to function in the optimum manner.


What is the difference between business administration and management?


Business and business administration degrees offer different things to students. They have common core courses, including general topics of finance, economics, accounting, and marketing. However, each degree has a focus that defines a distinct career path.


Business administration tends to deal with the human aspects of running a business. To this end, the curriculum in the degree program covers topics such as human resources, information systems, logistics, and communications. Management programs prepare graduates to be team leaders, anticipating the needs of their co-workers and motivating them to perform efficiently.


On the other side of the spectrum, business management may also include personnel management, but with an emphasis on the day-to-day operation of the company and its long-term strategic goals. Business administration degree programs focus on the technical aspects of planning and execution.


Track selection


Both the BSBA and BSBM degree programs offer a multifaceted foundation that can serve students well after graduation and when they start looking for jobs. Participants in either program must, for example, develop a solid understanding of the most fundamental business principles - finance, accounting, marketing and ethics, to name a few. These skills can be useful in dozens of different industries. By the time of graduation, students will know the qualifications required for different levels of management positions, and will have the skills and education to be able to apply them.


While both degrees offer a broad understanding of business, deciding one over the other does not necessarily limit career prospects. Students who graduate with management degrees can still pursue careers in management if it suits their interests. Immediately after graduation, the two paths may seem indistinguishable, as graduates are more likely to begin in similar entry-level positions. However, job performance, experience, and degree specialization will all help determine eventual career paths.


As programs progress, curricula will increase specialization for both tracks. In management, students sometimes move away from strict business practices and toward areas of study such as communication and human resource management, because they will deal more regularly with fellow employees, clients, and business partners. Meanwhile, management students can find their ideal major and take courses focusing on personal finance, business law, consumer behavior, and project management. According to The Balance Careers, this can include very specific subcategories within pre-existing disciplines - tax accounting, principles of audit versus management fine points or cost accounting, for example.


Graduates of business and management programs still have to work their way up and gain relevant experience to reach management positions. Armed with the skills offered by the BSBA and BSBM programs, they will be well-equipped to navigate the hierarchy of business leadership and executive management positions.


Career options and career prospects


Career outcomes for those who earn a bachelor's degree in business versus business administration cover a wide range of options. BSBA graduates often pursue roles in sales management, financial management, healthcare management, and marketing management, among others.


BSBM graduates may work in similar roles, as well as in financial analysis, management analysis, real estate sales, supply chain management, public relations, and other fields.


Overall, the US Bureau of Labor Statistics (BLS) projects 7% job growth for all business and financial occupations between 2018 and 2028. The BLS also reports 2019 median salaries for a variety of business and management positions :


  • Accountants received $71,550
  • Budget analysts received $76,540
  • Logistics earned $74,750
  • Financial examiners received $81,090
  • Financial Analysts, a popular choice among BSBM graduates, earned $81,590
  • PR professionals received $61,150

The highest earnings levels for these jobs—many of which BLS reports typically require only a bachelor's degree at the entry level—outperform well into the six figures.

Get a degree in Business Administration


In the end, the student must choose between business administration versus business administration. However, in today's business climate, students may find a management education more applicable and versatile. Maryville University offers an online bachelor's degree in business administration program to eligible students.


If you are interested in learning more, explore our online Bachelor of Business Administration (BSBA) degree program and contact an enrollment advisor today. Now that you better understand the differences between business administration versus business administration, research potential career paths with a degree in business administration.






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