Bsba orientation
- 1. Financial Officer Financial officers handle the financial health of an organization. They produce financial reports, direct investment activities and develop strategies and plans for an organization’s long-term financial goals. Duties include preparing financial statements, business activity reports, and forecasts, monitoring financial details to ensure that legal requirements are met, reviewing financial reports and finding ways to cut costs, and analyzing market trends to find opportunities for expansion or for acquiring other companies. - See more at: http://www.businessadministrationinformation.com/resources/degrees/business-administration-degree- job-options#sthash.TfVQPZ8Z.dpuf Credit managers. Credit managers run a company’s business. Duties include setting credit-rating criteria, determining credit ceilings and monitoring collection of past-due accounts. Cash managers. Cash managers are in charge of the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. They must project the cash flow to ascertain whether the company will have enough cash or will need a loan, or if the company will have a surplus available for investments. Risk Managers. Risk managers are in charge of controlling an organization’s financial risk by using hedging and other strategies to limit or offset the financial loss or exposure to financial uncertainty. Risk managers pay particular attention to fluctuations in due to currency or commodities. Insurance managers. Insurance managers make decisions related to protecting an organization against losses by obtaining insurance. Among the insurance needed are policies that cover risks such as disability payments for employees injured on the job and costs brought on by lawsuits against the company. - See more at: http://www.businessadministrationinformation.com/resources/careers/explore-jobs-with-a-finance- degree#sthash.yJ2cAQwg.dpuf Business administration involves the performance, management, and administrative functions of business operations. Many companies have multiple departments and personnel that can fall under the business administration heading. Administration can encompass: Finance - The finance department manages money (both incoming and outgoing) for a business. Economics - An economist monitors and predicts economic trends. Human Resources - A human resources department helps to manage human capital and benefits. The marketing department develops campaigns to bring in customers and improve brand awareness. Advertising - The advertising department finds ways to promote a business or the business's products and services. Logistics - This department works to get products to consumers. Operations - An operations manager oversees the day-to-day operations of a business. Management - Managers may supervise projects or people. Business Certifications There are a number of different professional certifications or designations available to people in the business administration field. Most can be earned after completing your education and/or after working in the field for a specific amount of time. In most cases, such certifications are not required for employment, but can help you look more attractive and qualified to potential employers. Some examples of business administration certifications include: Certified Business Manager (CBM) - This certification is ideal for business generalists, MBA grads, and non-MBA grads who want a business credential. PMI Certifications - The Project Management Institute (PMI) offers several certification options for project managers at all skill and education levels. HRCI Certifications - The Human Resources Certification Institutes offers several certifications for human resources professionals at varying levels of expertise. Certified Management Accountant - The Certified Management Accountant (CMA) credential is awarded to accountants and financial professionals in business. Below, we list some jobs where a business administration degree may be particularly useful. While many of these careers are open to graduates in any
- 2. subject, some employers may specify, or give preference to, graduates in business- related subjects. You can research more information about these occupations by looking in the Occupational files of the Careers Information Room or by visiting the Prospects website www.prospects.ac.uk Accountant Advertising Account Executive Banker: Investment/Commercial Banking Manager Buyer, (Industrial or Retail) Company Secretary Commodity Broker Distribution/Logistics Manager Insurance Underwriter Management Consultant Marketing Executive Market Research Executive Human Resources Manager Public Relations Account Executive Recruitment Consultant Retail Manager Sales Executive Stockbroker Systems Analyst/IT Consultant You can find a comprehensive list of jobs open to graduates of any subject here www.kent.ac.uk/careers/careermap.htm ORGANISATIONS EMPLOYING BUSINESS ADMINISTRATION GRADUATES Some employing organisations who may value either the subject knowledge or transferable skills business administration graduates have to offer: industrial & commercial organisations the finance sector the public sector: government & local authorities major recruiters offering graduate training schemes small/medium sized businesses Self-employment may also provide an opportunity for graduates
- 3. WHAT SKILLS HAVE I GAINED ON MY COURSE? Here are some examples of the transferable skills developed as a result of studying business administration. They are not limited to your academic study and can be applied to other contexts. Employers' job vacancy details often refer to them when they advertise the positions available. They can also be used on the skills sections of your CV to demonstrate the broad range of qualities you have to offer. analysing and selecting information communicating effectively working in groups and/or teams understanding and interpreting numerical data - numeracy problem solving computer literacy meeting deadlines organising your time writing reports Business Administration & Management Sample Occupations Account Manager Administrative Services Managers Bill and Account Collectors Brokerage Clerk/ Assistant Business Plan Writer Careers in Operations Research/Management Science Careers in Retailing Contracts Manager/Administrator - Water Industry Employment Interviewer Employment Services Event Planner Executive Assistant Food Service Manager Fund-raising Specialist Funeral Director General Manager
- 4. Human Resources Manager, Corrugated Industry Human Resources Specialist - Water Industry Human Resources, Training, Labor Relations Managers & Specialist Insurance Sales Agent Insurance Underwriter Investment Broker Lodging Managers Management Analysts Meeting and Convention Planners Office Manager Plant Manager, Corrugated Industry o Video Clip Production Manager, Corrugated Industry Project Manager Property, Real Estate, Community Association Manager Purchasing Agent - Water Industry Purchasing Manager, Buyer, Agent Real Estate - 7 Career Paths Real Estate Agent Real Estate Brokers and Sales Agents Retail Store Manager Right of Way Agent/Property Title Examiner Sales Engineers Telemarketer Examples of Employers Advertising Agencies Banks Colleges & Universities Consulting Firms Financial Services Firms Governmental Agencies Human Resource Departments Hospitals
- 5. Import/Export Firms Industrial Firms Insurance Companies Manufacturing Firms Outplacement Firms Public Relation Firms Research Firms Retailers Wholesale & Retail Trade Firms There are so many options for working in business administration, and so many ways to get your foot in the door, that motivated people can rise to the top and make lasting, positive contributions to business. Here are some common types of top executives: Chief financial officers: account for a company's financial reporting. They direct the organization's financial goals, objectives and budgets. They may oversee investments and manage assets. Chief information officers: responsible for the overall technological direction of a company, which includes managing information technology and computer systems. Chief operating officers: oversee other executives who direct the activities of various departments, such as human resources and sales. Chief sustainability officers: address sustainability issues by overseeing a corporate sustainability strategy. For example, they may manage programs or policies relating to environmental issues and ensure the organization's compliance with related regulations. General and operations managers: oversee operations that are too diverse to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers. What skills are required to succeed in this course? These are the skills that you need to possess or develop to be able to succeed in this course: o Analytical skills – The ability to see all the different aspect of a complex problem, and to tackle them one by one. o Interpersonal skills – Students must be able to relate to all kinds of people while leading and inspiring teams and setting them to tasks. o Decision making skills – the capacity to take all the evidence and make good judgment calls in high pressure situations is a necessary skill for doing business. o Communication skills – the ability to write and converse in English is necessary for global business in the present day, and it is also a vital skill in leading teams. o Mathematical skills – a basic grasp of arithmetic and a predisposition for numbers are necessary as accounting and auditing are vital components to this course, and require a fair amount of mathematical knowledge.
- 6. Is Business Administration a profession? o Business Administration is not considered a profession. It is a general course, which gives a wide but rather shallow knowledge in business related subjects. Specializations o Financial Management: The practice of sustaining monetary stability and assessing accurate financial information on the organization and the operations of domestic banking and non-banking institutions. o Human Resource Development Management: Defines the human aspect of an organization with their social, financial, intellectual, physical needs and capacities. Theories and methodologies regarding leadership skills enable students to manage and utilize human resources to meet the needs of organizations in public, private and nonprofit sectors. Is Business Administration a profession? Business Administration is not considered a profession. It is a general course, which gives a wide but rather shallow knowledge in business related subjects. How difficult is this course? BSBA is not too difficult as a course, yet it requires a lot of hard work, business savvy, interpersonal skills, and more practice than theory. It is very rewarding, as it will equip you to find business opportunities where most people see none. Is there a board examination for BSBA? There is no board examination for BSBA. Career opportunities for BSBA graduates o Entry Level jobs Jobs requiring no prior to minimal level of experience: o Marketing – Marketing Assistant, Marketing Associate, Junior Marketing Executive, Investment Consultant.
- 7. o Sales – Sales & Marketing Coordinator, Sales Support, Sales Representative, Account Manager, Leads Management. o Human Resources – HR Assistant, Junior Recruiter. o Administration – Assistant store manager, General administrative jobs. o Finance – Junior Financial Advisor, Junior Finance Analyst. o Accounting – Payroll Assistant, Accounting Staff, Accounting Assistant. o Advanced Positions Require trainings and prior job experience of a few years: o Marketing – Senior Marketing Executive, Marketing Officer, Marketing Manager, VP of Marketing. o Sales – Senior Account Manager, Area Sales Manager, Sales Manager, VP of Sales. o Management – Retail Operations Manager, Branch Manager, Assistant Branch Manager, Area Manager. o Business Development – Business Development Executive, Business Development Manager, Analytics Officer. o Human Resources – HR Consultant, HR Officer, Senior Recruiter, HR Director, HR Analyst. o Finance – Senior Financial Advisor, Senior Finance Analyst, Budget Analyst. o Accounting – Payroll Officer, Payroll Specialist, Bookkeeper, Cost Controller. o Jobs not related to BSBA that graduates can apply to o Customer Service representative – provides technical support for outsourced client queries regarding various products. o Freelancer working online – outsourcing work from home through various skills, such as data entry, article writing, SEO, customer support, administrative support etc. o Receptionist – represent a business or individual by communicating with customers while taking charge of multiple office tasks and equipment. o Secretary/Office Administration