While pursuing education, every business student performs research to identify the best career path that offers lucrative career advancement opportunities. Meanwhile, it is also crucial to narrow down the options to set the grounds for a career. Every business career path holds the perks for job prospects and career opportunities. At the same time, some may put individuals on the fence with similar and complex descriptions. Business administration and business management are the prominent careers that sound the same at first glance. The roles and responsibilities of both options cover some aspects of similarity, but that both are distinct and not interchangeable.
Despite their sounding similarities, the two careers represent different paths. Both involve four-year degrees, with promising job outlooks. However, there is a considerable difference between the two business careers. If you are also the one on the business administration fence vs. business management, you are not alone. It is easy to get confused with the names since both business administrators and managers will work for the business, money, and marketing. However, knowing the insights of both business careers can help you decide which one best suits your skills and education. With that said, let’s discuss the difference between business administration and business management.
What Is Business Administration?
Before getting into the versus battle between the two business careers, it is essential to know what both careers are. Business administration focuses on a variety of managerial roles. The business administration professionals cover all kinds of day-to-day business needs in both corporates and independent organizations. The career incorporates leadership, technical and soft skills to allow the professionals to work in any department. However, it is essential to note that business administration does not cover the overall business sector. They are responsible for serving for a specific position in the business field. This field can be either marketing, financing, or technical department.
Apart from the professional career, many students also mix the degree in business management to an MBA. MBA is, in fact, somewhat similar to a degree in business management. However, business administration covers the organization more in-depth with all areas, including finance, marketing, and supply chain. Today Students pursue an online masters degree in business administration and learn organizational and consumer behavior to carry out the business goals, policies, and procedures. With this MBA, they can work as a specialized professional in high-level positions such as executives and analysts.
What Is Business Management?
Business management might also involve managing the administrative tasks around the organization. It confuses the individuals for choosing between the two career paths. However, in business management, the individuals are responsible for more than just knowing the business work. The career path requires more advanced skills for business project management. The management individuals are highly skilled in communication, logistics, decision-making, and human resources, impacting the business. The education in the career prepares the individuals for overall management for the business department. Now let’s discuss the top differences between business administration and business management.
1. Business Administration Vs. Business Management: Working Environment
One of the top differences between the two business careers is in the working setting in an organization. Both careers become significant where the settings are complex and much larger as compared to the small business. The main reason behind it is that the small business environment involves limited employees, which overlaps both options. However, both careers come into play in a larger business environment to ensure business operations’ smooth workings. In business administration, professionals need to keep the business normal by managing single or multiple departments. They oversee the operations strategies to focus on the overall objectives of the business.
Meanwhile, business management focuses on complex day-to-day operations. The management professionals apply their analytical skills to the statistics to make the decision-based call. Their responsibilities are crucial for steering the business in the right direction. The business managers will create the goals and strategies. Simultaneously, the administration will ensure that these strategies should execute to achieve the business goals.
2. Business Administration Vs. Business Management: Educational Differences
Apart from the working environment and roles in the career options, most students also have questions about educational differences. The academic degrees in both careers might seem identical, but they are not similar. In business administration, the students will learn business subjects and other managerial topics. They have a choice to specialize in the specific field that they want to pursue in their career. For instance, if students specialize in marketing, they will administer marketing departments in the business.
The education degree subjects are also the same in the case of business management. However, the students in this degree will broaden their skills with more specialties and skills. These subjects will include resource management, communication, client relationships, and human resource. Since the career heavily emphasizes leadership, the students will also avail themselves of the opportunities to participate in business events. This way they can excel in their leadership skills while advancing further in their career.
However, when it comes to the convenience and accessibility of learning, business administration and business management meet on common ground. Because of the limited physical learning setup brought by the pandemic and the emergence of top-of-the-line technology, aspiring entrepreneurs can now obtain an online MBA. Thus, they may further pursue their career in business administration or management.
After all, a remote learning approach can offer more control and autonomy to students. The students could stay in their home can save more time and allow them to juggle different responsibilities efficiently. Business students studying online also find themselves working in a business-related internship or job.
Moreover, the variety and networking have never been better in virtual learning. Online communities are thriving in different platforms where you can collaborate with your fellow students. You can even get in touch with instructors and ask for advice from business alumni or experts. Your learning materials aren’t just books and texts, as you’ll be able to learn more from audio, video, software, and other essential business tools for entrepreneurs.
Therefore, whether you have traditional or remote learning to choose from, make sure to choose one that’s more convenient and easier for you.
3. Business Administration Vs. Business Management: Career Paths and Prospects
Both business administration and business management add multifaceted career options for professionals. This feature assists the professionals with the educational background to easily pursue their careers. Professionals in the business administration can pursue a role as an accountant, marketing specialist, and business analysts. Meanwhile, business management adds opportunities for professionals specializing in public and client relations, supply chain management, and financial and management analysis.
Apart from the career paths, the career prospects are also promising and will offer various opportunities for professionals. According to the US BLS, the career prospects for administration and business management are all set to increase to 7% in the coming years. These prospects create a rush for individuals to pursue the degrees and land a professional career in business.
In a nutshell, here’s how you can differentiate these two paths according to professional roles and responsibilities:
- If you’re looking into a managerial position where you’ll get to supervise business operations or employees, business management is the perfect match for you.
- Meanwhile, business administration would suit entry-level roles better, where the foundational business concepts will be applied, such as business law, accounting, ethics, and human resource management.
Technological advancement is the prime driver of the rising demands of professionals in the business. With more businesses demanding skillful individuals for the administrative and management position, this demand will not settle in any sooner in the future. For that instance, earning a professional degree is a stepping stone to setting the business career grounds and advancing to achieve career goals.