CFAs must demonstrate competence in areas such as accounting, ethics, money management, and securities analysis. Economics is the study of how people make decisions and allocate resources. Working knowledge of algebra is often sufficient for success in an MBA program. Generally, a business management degree is centered on planning and organizing, and a business administration degree offers a broad background in the field and allows you to focus on a concentration area. Education Portal lists the median, entry-level salaries for BBA-degreed employees in finance, management information systems, and marketing as $48,500, $51,900 and $41,500 respectively. But if you work in the world of finance or economics, getting a specialized degree might be a better alternative. These background courses give students a solid foundation in how businesses operate – from how products are produced, sourced and manufactured, to how they are sold. Educators, parents and politicians have long extolled the virtues of a college education. A master's in finance or economics typically requires a stronger background in mathematics. All Rights Reserved. Business managers in larger companies often work at a higher, macro level than administrators. GMAC’s 2011 Annual Survey of Employers and Recruiters indicates the highest demand for MBA graduates is in the high technology, consulting, finance/accounting, and healthcare/pharmaceutical industries. Median salaries may be higher for MBAs, depending on the job. Pursuing a master's degree in finance means taking a deep dive into topics such as investment analysis, corporate finance, forecasting, and risk analysis. The Big Question: Should You Go to College? With 20 years of experience, professionals with BBAs earn about $76,218 a year. Both the BSBA and BSBM degrees can give you a strong, multidisciplinary foundation in business that can serve you well in many roles after graduation. Differences Emerge In Larger Organizations. Some business administration programs offer highly specialized subcategories in broader specializations. The good news? Now you have more information at your disposal to choose the best business education path for you. Job Opportunities in Business Administration vs. Business Management Earning either a business management or business administration degree creates opportunities in a wide range of careers. Many of the professionals in this field go on to earn the chartered financial analyst (CFA) credential. Retrieved from, Business Administration vs. Business Management.