Business administration and management courses tend to seem somewhat similar to most people, but significant distinctions are there between them. Therefore, it’s necessary to be able to decide on the right course. But without knowing the key differences, it would be misleading to subscribe to any one of them.
Business management simply manages or looks after a company’s resources, while business administration is mainly operation-related tasks. Therefore, in a way, business administration is more specialized than business management. Business management is more human-centric while business administration is strategic and technical.
Even rich prodigals would not waste a few Lakhs of their money on a course that does not even address their children’s interests. Then why should you !! While talking about business management courses, options are many, and so are the doubts. Hence, for now, let’s clear the doubts between business management and business administration in this article.
|Units ⬇||Business Management||Business Administration|
|Task||Managing resources||Managing operations|
|Workplace||Covers a broad area||A specialized subject|
|Responsibility||Often deals with clients||Works mainly inside the company|
|Avg. Salary||8 to 10 LPA||4 to 6 LPA|
|Career Opportunities||Can work with small to big businesses||Work with big corporates like MNCs|
Wikipedia is a little less precise in its elaboration when it uses both terms synonymously because there are indeed subtle distinctions that can be significant in a few circumstances. But to discuss those circumstances would be a huge undertaking and also digressive considering our topic. Therefore, let’s see the differences between business administration and management courses.
First of all, from the table above, you might get the points, but it’s necessary to discuss them with proper facts.
Every different job roles demand different responsibilities, and hence different skill sets. Especially, in the competitive corporate world, skills play a key role in determining your employment in the industry, and position in the company. Needless to say, due to the business management and business administration difference, you need different skills.
Skills in project management, organization, finance, and leadership are honed and refined in a business administration curriculum to better serve the needs of a company as a whole. You will improve your social and communication abilities via classwork and projects that need group effort.
While a business administration degree may provide some of the same knowledge and abilities needed to manage a team effectively, a business management degree will place a greater emphasis on developing your analytical, authoritative, and problem-solving abilities.
It’s important to note that either a business management or a business administration degree will serve you well in your professional life. It’s a matter of emphasis on particular areas that separate business administration from business management. According to the specialization in your degree, you’ll get jobs. So, first and foremost, you should have a plan for your future occupation.
For instance, if you decide to major in business administration and pick finance as your area of concentration, you may expect your career to have strong ties to the financial sector. Similarly, if you major in management, you can choose from a wide range of jobs in the broader field of management.
|Business Management vs Business Administration: Few Job Titles|
|Business Management||Business Administration|
|Operations Manager||Staff Accountant|
|Management analyst||Marketing Specialist|
|Sales Manager||Business Analyst|
|Financial Reporting Manager||Human Resources Administrator|
Now, it’s obvious that your best interests are unknown to us. Hence, it would be unfair to provide a conclusive answer. The most effective way is to tell you the way following which you yourself can figure out the right course for you. Follow the following points and hopefully, your doubts will be clear:
That is pretty much it. There is no rocket science for business management vs business administration career options; rather it’s simple.
If you are based out in Pune, ISMR can be your best hand-holding partner toward your dream career. However, it’s needless to say that we accept students from all over the nation. We want young talent to ensure that brilliance meets opportunity. A postgraduate from ISMR can open a wide range of placement opportunities as well as off-campus employment to the students.
Our executive MBA program offers the most common and popular specializations that can establish an industry professional to the most prestigious companies. We are there for you even before you enroll yourself in our programs. You can submit an inquiry about our program details or even any other independent queries. You can also head to the website and see what students like you opine about ISMR.
The decision ultimately rests with you. If you have a firm grasp on your destination, you can choose the more direct of the two options. Both can assist you to advance professionally if you haven’t made up your mind yet. A degree in business administration may be costly, but it will likely help you advance to more senior management roles if you can afford it.
However, if you are truly committed to learning and improving, then a Master’s in business management would be just as beneficial. Whatever path you take, know that the opportunities in the post-CoVid business world have changed and it needs passionate workers with a wide range of skills.