Difference between Business Administration and Business Management

Business Administration vs Business Management

It’s simple to come across degrees when pursuing various business concentrations and wonder what the distinctions between them are. Business administration and management, in particular, sound similar but fundamentally different curricula and consequences for careers.

 

Business Administration

The study of company operations and leadership, which is frequently oriented upon particular industries, specializations, or job titles inside a corporation, is known as business administration. This degree provides students with the leadership and analytical skills necessary in today’s corporate environment, enabling them to take on several jobs within an organization. 

 

Bachelor of business administration

 

Business Management

The organization and administration of a company’s resources, such as its employees, income, information, and other assets, is referred to as business management. The core function of business management is to oversee both small-scale projects and individual employees. A company manager is more concerned with planning the course than with directing it.

 

Business Administration and Management Courses

 

Sr. No.	Courses	Business Administration	Business Management
1.	Accounting	Business Strategy	Advanced Economics
2.	Business Law	Business Strategy in Practice	Managerial Accounting
3.	Microeconomics	Marketing Fundamentals	Management Communications
4.	Macroeconomics		Global Strategic Management
5.	Business Ethics

 

Careers & Salaries in Business Administration and Management in the Workplace

There are numerous employment opportunities in the corporate sector for graduates with degrees in business management or business administration. Particular positions in business management and administration include –

Business Administration

 

Sr. No.	Careers	Description	Salary (Annual Salary)
1.	Staff Accountant	In charge of managing budgets, accounts payable, and accounts receivable.	$55,000
2.	Business Analyst	A person who analyzes operational and production data to identify methods to increase productivity and cut expenses.	$75,213Â
3.	Marketing SpecialistÂ	A marketing expert is someone who manages the marketing team and initiatives for the business. A degree in business management might help you get ready for marketing roles in a company or organization.	$75,000
4.	Human Resources AdministratorsÂ	Manages the workforce, handles hiring and firing and settles disputes.	$63,000

 

Jobs You Can Get With a Diploma in Business Administration

 

Business Management

 

Sr. No.	Careers	Description	Salary (Annual Salary)
1.	Operations ManagerÂ	Operations managers are in charge of several departments, including sales, accounting, job costing, and information systems, or the entire firm.	$85,000
2.	Financial Reporting Manager	It collaborates with the legal and financial divisions to keep expenditures in check.	$132,290
3.	Management Analyst	A management analyst creates procedures and audits to control performance while outlining a company’s daily activities.	$80,000

 

Career Paths You Can Take With a Business Management Degree

 

Business Management vs Business Administration

 

Sr. No.	Key Elements	Business Management	Business Administration
1.	Goal & Growth	It is concerned with the human and organizational aspects of the corporation, whereas corporate administration is focused on business strategy and operations. Communication, human resource management, and general management theories are heavily emphasized in business management degrees.	Business administration frequently emphasizes technical and specialized skills over general management and communication abilities. Its degrees are typically more technically oriented and concentrated on the operational aspects of managing a business.Â
2.	Degree	A business management degree can help you land management employment, where you’ll be responsible for supervising the work of others, cultivating partnerships with other businesses, interacting with clients, and other similar tasks.	A business administrator typically works alone. Their entry-level role might be in the marketing division or human resources. They may advance to the position of department, site, or business administrator.
3.	Various business styles	The daily operations and functioning of an organization are the focus of business management.Â	Business administration is to maintain the corporate objectives while assuring the efficient operation of organizational processes and procedures.
4.	Focus Areas	Business managers are responsible for planning, and implementing new projects for the company, growing and managing teams, obtaining new client and sales data, comprehending market trends, and responding to them.	Business administration specialists have focused attention on items like administrative duties and responsibilities, whereas these managers have a larger or wider perspective of the business industry.
5.	Operational distinctions	Graduates in business management are better in touch with the customers they pitch the company’s services and products to. Business managers typically make sure that the organization has the internal resources necessary to fulfill the sales team’s commitments and the company’s pledges to customers.	Business administrators are more involved in the internal workings of the organization, business managers place more emphasis on engagement between the business world and the organization.
6.	Team Management	Business managers frequently oversee and guide larger teams.	Business administrators work in smaller teams with specialized knowledge.
7.	Scope	Taking charge of something is the definition of management.	Running daily activities is referred to as administration.
8.	Skills	It gives employees inside an organization priority over other aspects of the firm. Strong interpersonal skills will therefore be needed.	It prepares you for the stricter and more technical parts of running a business as well as the management of all managerial operations within the corporation.

 

Both degrees address the following business fundamental competencies –

• Finance 
• Accounting 
• Marketing 
• Business Ethics

However, depending on the student’s preferred industry or management position, a Bachelor of Science in Business Administration will frequently offer focus areas. Effective leadership and management techniques are more heavily emphasized in business management degrees.Both business administration and management degree programs provide a broad foundation that can be helpful to students both when they graduate and start looking for jobs. For instance, participants in both programs should gain a firm grasp of the fundamental concepts of finance, accounting, marketing, and ethics. These abilities are applicable in a wide range of sectors. By the time they graduate, students will have the knowledge and training necessary to be able to apply their knowledge of the requirements needed for various levels of managerial roles.

 

Skills – Business Management vs. Business Administration

Business Management 

• A strategic planner
• Analytical
• Organized
• Able to work in a fast-paced environment
• Good at resolving problems quickly
• Active listener
• Empathetic
• Detail-oriented

 

Business Administration

• A motivator
• Creative and innovative thinker
• Able to delegate tasks
• Able to see the big picture

 

What Makes Up the Best Business Administration Programs

 

Which is Better- Business Administration or Business Management?

• Depending on your completed credentials, business administration studies might result in either an A.S. Degree or a Certificate of Completion. Programs in business administration can typically be finished more rapidly than those in business management, allowing students to graduate and begin working in their desired careers earlier. The day-to-day operations of the company are managed by a business administrator.

 

• Depending on the student’s finished credential level, business management programs frequently lead to a bachelor’s degree or higher. There are a few exceptions, but overall, business management degrees are more time-consuming to finish than business administration ones. This program might be right for you if you picture yourself in a managerial position managing staff or managing a company. Programs in business management could take longer to finish, especially if you’re going for a bachelor’s degree. You can start in a lower-level business management position and work your way up as your career and education progress. The business manager concentrates more on overall leadership. In a small business, one individual can handle both tasks. 

 

If you want to begin as an entry-level business professional, business administration is typically a better choice.

 

In the end, you decide which degree to pursue. Both degrees are advantageous in light of the current global economic situation. As a result, you might wish to think about your advantages, goals, and long-term objectives. However, both of these degrees will provide you with the information and abilities you need to launch a prosperous economics career and pursue the specialization of your choosing.

 

Planning to study abroad to pursue either of these degrees ? Look no further, reach out to our overseas education consultants today to take a step forward to study in your dream country.