Admin or Administrator Definition and Facts
Administrator Meaning and Definition
(n.) One who administers affairs; one who directs, manages, executes, or dispenses, whether in civil, judicial, political, or ecclesiastical affairs; a manager.
(n.) A man who manages or settles the estate of an intestate, or of a testator when there is no competent executor; one to whom the right of administration has been committed by competent authority.
To manage (affairs, a government, etc.); have executive charge of: to administer the law.
To bring into use or operation: to administer justice; to administer last rites.
To make application of;
Give: to administer medicine.
To supervise the formal taking of (an oath or the like).
To manage or dispose of, as a decedent's estate by an executor or administrator or a trust estate by a trustee.
Facts About Business Administration
In order for any organization to succeed, it needs to be well organized and have a management team willing to take risks and make strives to the goal of the organization. Businesses know this as administration. Business administration involves the people who manage a company and the various processes involved with running it. Many people who aspire to work in the upper echelons of major companies--or even to start their own small businesses--often major in business administration so that they are prepared to tackle the sometimes difficult task of managing a company.
The hierarchy of business administration represents a pyramid with a board of directors at the top, managers underneath, even more assistant managers under those, and a wide base of general employees.
Creating job descriptions is one of the more important tasks involved in business administration. One makes sure that the needs of the company are met by the work done by the employees.
Some of the job titles given to those working in business administration are directors, administrators or managers; these people go by many names. They are responsible for directing staff members and their own departments in order to meet the goals of the company. That's a general function of business administration.
Before any moves are made--and even before a business is born--careful planning needs to be done to determine how the business will be set up, operated, and where it is heading. This is arguably the most important process in business administration.
Business administration deals with budgeting in order to manage spending of various departments and to make sure company funds are not overspent.
What Is it to Be a Business Administrator?
Business administrators typically deal with planning, coordinating and managing an organization's services. This covers a broad array of areas including financial management, facilities management, technology and operations. Business administrator positions are usually upper-management level and require some post-secondary education.
Business Administrator Positions
Business Administrators usually have a specialized role within an organization, such as accountant, financial officer, human resources director, information director or marketing manager. Top level business administrator positions include chief executive officer, chief technology officer or chief information officer.
A minimum of a bachelor's degree is usually required for most business administrator positions, although many administrators earn a graduate degree, such as a master's of business administration (M.B.A.). Aspiring administrators may also earn a degree in the area in which they choose to specialize, such as finance, accounting, human resources or information technology.
Business Administration Programs
Although some two-year degree programs in business administration are available, most colleges and universities offer a four-year bachelor's degree. Additionally, students may continue on and earn a graduate degree which typically requires another two years of study. Business administration programs cover accounting, business principles, management principles, economics, human resources, information systems, marketing and operations management.
Employment and Job Outlook
Business Administrators are employed in every industry. According to the U.S. Bureau of Labor Statistics (BLS), as of 2008, the top employers included the education services industry, the healthcare industry, government and the finance and insurance industries. The BLS projects job growth for business administrators are a rate of 12 percent during the decade from 2008 to 2018. Strong competition for upper-level positions is also expected and prospects may be better for candidates with a broad range of business administration skills.
What Is a Business Administration Degree?
A business administration degree prepares students to accept careers requiring excellent communication skills and the ability to direct others. Career choices range from department store managers to city managers; from administrative executives to public relations specialists. A business administrative degree demonstrates above-average reading, writing and speaking ability; confident decision making skills; and the ability to work with others in a team environment. There are job opportunities available in government, education, private business and retail sectors. Business administration courses help develop the skills needed to succeed in these positions.
A typical course of study toward earning a business administration degree includes basic accounting. Students learn the principles of accounting and concepts for operating sole proprietorships, partnerships and corporations. Some of the topics explored are accounting standards and ethics, revenue recognition, income and asset measurement.
Basic Financial Concepts
Business administration majors learn to analyze components of working capital, as well as where cash comes from and how it is used in corporations. Students explore financial risk and return, the value of time as it relates to money, and the basics of analyzing financial statements.
Management courses prepare business administration students to give their businesses a competitive edge. Everything from planning and implementing ideas to pricing, distribution and the promotion of products and services is learned.
Students learn about gathering, processing and analyzing marketing data. They also learn to apply marketing strategies in a business-to-business situation.
A familiarity with computer and management information systems is important. Technology is constantly changing, so a business administrative degree focuses on teaching students to effectively use software programs that improve a business' organization, management and communication.
Interesting Facts about Business Administration Course
A degree in business administration will empower you with knowledge about the world of business and commerce. One can acquire qualifications in this field by starting with a bachelor’s degree and moving to more advanced degrees from there. Very few courses come close to a degree in business administration for sheer range and depth of subjects or topics covered. It makes sense to choose business administration over most other streams of study, for here you will learn about man management, material management and money management.
The study of business administration dates back to 1881 if we are talking about formal schools. This is the year when Wharton established the first collegiate business school. Business administration has also evolved from simple schools of commerce to full-fledged business schools. Over the last few decades, a business administration course has become a part of every major academic institution.
While business administration certainly has its advantages over most other fields of study, it would be useful for you to assess whether you are interested in pursuing careers in business administration. Interest in the corporate sector will be a good start to pursuing a degree in the business administration field.
Going into a program once there is an interest level can hone your skills in areas, like finance, accounting, project management, human resource management and marketing. The other skills that you will come out with are:
• Strategic thinking
• Information analysis
• Problem solving and
• Proactive thought process
This is indeed a powerful combination of skill sets which can open up a wide array of careers in business administration field.
Armed with a business administration degree, you can look for a career in almost any sector or industry. Government, private business and ‘the social sectors – all of them are wide open in terms of a career choice. You can also opt for a specialization in one or two specific areas of management, like marketing, finance, production or human resources, and pursue a career in the same.
One can also become an entrepreneur with a business degree and it is true that with such a degree, one can enjoy financial freedom in a very short time frame. The Bureau of Labor Statistics states that most of the top executives in the business world have business degrees – basic and advanced – and have the earning potential of six-figure salaries.
Financial health of an individual will depend a lot on the level of business degree. A basic bachelor’s degree will get an individual access to entry level jobs in the chosen field. It is true that getting a bachelor’s degree can add on a minimum of $2,000, to give you a ballpark figure, to one’s annual earning potential. A business degree will also help in fast tracking a career and get an individual access to higher management jobs in a shorter time frame.
Jobs for business administration graduates are set to grow in many ways. The service sector has grown by leaps and bounds and services, like those in health care, insurance, financial sector and even the hospitality industry, need the insights and organizational powers of a business graduate. Even a charitable organization needs business skills in terms of being smoothly organized and capable of meeting. So there are plenty of careers in business sector as well as non-profitable industry to choose from.
It is relevant to get a business degree from an accredited or acclaimed institution. Some institutions also come to be known for their reputation in specialized areas and, therefore, it would be good to examine which institution is best suited to support your career goals or career choice and then enroll for a business degree program in the same. Getting a job is better with business degrees from accredited schools.