How to Find Business Administration Jobs that are Right for You
6 Min Read
When it comes to business administration jobs, there are plenty to go around. The Bureau of Labor Statistics reports that more than 911,000 new jobs are created in this field every year, making the industry an ideal pathway for new graduates.1
From healthcare and entrepreneurship to accounting and management, business administration spans a variety of in-demand roles designed for those with an MBA. However, with so many positions, how do you narrow down your job search to find the business administration jobs that are right for you?
In this guide, we’ll discuss which jobs are in highest demand, and how to choose which one is the best fit for your expertise and long-term goals.
Tailoring Your Job Search
When looking for a job, it’s important to consider the following:
What is your passion?
Apple founder, Steve Jobs, once said, “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.”2
When considering Jobs’ outstanding lifetime achievements, it’s important to understand that his passion for his work made all the difference. Business administration jobs, while abundant, all share the same purpose of contributing to the success of a business. Supporting a business you’re passionate about, in a role you enjoy, can provide you with personal fulfillment and contribute to your overall satisfaction in your career.
What are your financial goals?
It’s no secret that compensation plays a major role in any job search. When striving for top-paying jobs, it’s important to understand where to start and how to advance on the business ladder to achieve your financial goals.
In New Mexico, the median annual salary for those who complete an MBA degree is $152,947, with the top-compensated business administration professionals earning as much as $233,546 annually.3 While this field already offers competitively high salaries, it also boasts limitless opportunities for raises, bonuses and promotions.
In what setting do you work best in?
The COVID-19 pandemic changed the way many businesses and employees operate. Now, about 27% of American adults with a master’s degree work remotely full-time, while 44% work in office full-time, and the remaining 29% operate on a hybrid schedule.4
Many business administration jobs will require you to collaborate with other professionals in your company and communicate directly with customers, both remotely and in-office. Whether you work best at home or thrive in hands-on collaborative settings, it’s important to understand what different work settings will entail when conducting your job search.
New Graduate Business Administration Jobs
Let’s explore some of today’s most in-demand business administration jobs and what you can achieve in each role.
Entry-Level Business Administration Jobs
Budget Analyst
- Median Annual Salary: $84,940
- Budget analysts support businesses and organizations by designing realistic financial goals and overseeing company spending. This role requires a strong understanding of finance and its role in business models, plus the drive to lead businesses to success. About 24% of budget analysts work on location for government agencies, while others who are employed by private companies may have the opportunity to work remotely full-time or on a hybrid schedule.5
Management Analyst
- Median Annual Salary: $99,410
- Similar to budget analysts, management analysts design realistic goals for a business and determine areas for improvement when it comes to management and procedures. They must have a strong understanding of business models and effective leadership to analyze data regarding the current model of a business. 35% of business administration professionals in this role work on location to communicate directly with business managers and top executives.6
Intermediate-Level Business Administration Jobs
Healthcare Administrator
- Median Annual Salary: $110,680
- The responsibilities of a healthcare administrator combine business management expertise with healthcare systems. About 30% of professionals in this position work on location at hospitals to manage physicians or administrative professionals. Their responsibilities may include maintaining office resources, overseeing scheduling, ensuring quality patient care and regularly adapting to changing healthcare laws.7
Supply Chain Manager
- Median Annual Salary: $79,400
- Supply chain managers oversee the logistics of a business and ensure production and fulfillment procedures are being carried out properly. They must demonstrate exceptional leadership skills as this position requires direct communication with logistic professionals and management from diverse groups. 24% of business administration professionals in this role work on location in manufacturing and distribution facilities.8
Senior-Level Business Administration Jobs
Economist
- Median Annual Salary: $113,730
- With a strong understanding of finances in various sectors, economists conduct research and analyze data to forecast future financial situations for businesses, organizations and governments. These professionals advise top executives on making decisions regarding their company’s financial policies. 27% of economists are employed by government agencies and work on location to communicate directly with other finance professionals.9
Top Executives
- Median Annual Salary: $103,840
- Top executives oversee the day-to-day procedures of a business while ensuring their company is on track to reach long-term financial goals. These professionals make important decisions when it comes to finance and personnel, which means they must demonstrate outstanding leadership skills. Many top executives earn their position through entrepreneurial endeavors and starting their own business.10
Next Step: Prepare for the Business Administration Jobs You Want with New Mexico Highlands University
New Mexico Highlands University offers an interactive, online MBA program with three career-focused concentrations designed to help you build a variety of skills for today’s most in-demand business administration careers. From professional networking to expert instruction, New Mexico Highlands provides its online students with the academic resources necessary for ongoing success.
Business Internships
When earning your MBA from New Mexico Highlands University, an internship can offer invaluable hands-on experience in your chosen area of business. As a student of New Mexico Highlands, you’ll have access to student resources that connect you with local business administration employers and internship opportunities in government and Fortune 500 companies.
Resume-Building
Completing your Master’s in Business Administration degree shows employers that you are dedicated to success and committed to becoming a leader in business.
Many of today’s business administration employers seek job candidates who have obtained a master’s-level education, especially those who earned their MBA with a career-focused concentration. As a student, you’ll receive expert support for building your resume and standing out to the right employers.
Begin Your MBA Journey Today
Choose the online MBA program that’s right for you and take your next step towards professional success with New Mexico Highlands University. Start the online application process today.
Sources
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Business and Financial Occupations.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.
- Inc. “Steve Jobs Said Your Overall Happiness in Life Really Comes Down to Asking 4 Simple Questions.” Marcel Schwantes. (February 20, 2023). Retrieved April 29, 2024, from https://www.inc.com.
- ZipRecruiter. “MBA Salary in New Mexico.” (December 26, 2023). Retrieved April 29, 2024, from https://www.ziprecruiter.com.
- USA Today. “Remote work statistics and trends in 2024.” Sierra Campbell, Mehdi Punjwani. (April 3, 2024). Retrieved April 30, 2024, from https://www.usatoday.com.
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Budget Analysts.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Management Analysts.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Medical and Health Services Managers.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Logisticians.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Economists.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.
- U.S. Bureau of Labor Statistics. Occupational Outlook Handbook. “Top Executives.” (April 17, 2024). Retrieved April 29, 2024, from https://www.bls.gov.