Business administration is a multidisciplinary academic field that prepares students for management positions in corporations, nonprofit organizations and government agencies.
Business has been the most popular undergraduate major
since the early 1980s, according to the National Center for Education Statistics; an average of 346,706 bachelor's degrees in business were conferred from 2005 to 2015. In addition to their popularity, business degrees are also viewed as highly practical by most employers. Forbes places business administration and management fourth on a list of Top Degrees for Getting Hired in 2016
During a four-year program, business administration students acquire foundational knowledge, skills and insights that are valued in nearly every career field. High salary potential is another reason why business administration bachelor's degrees are so popular. The average college graduate with a bachelor’s in business makes about $2.6 million over the course of a career, roughly $200,000 more than the average for all workers with a bachelor’s degree, according to data from the U.S. Census Bureau
In recent years, business administration has also become a popular major choice for online bachelor's students. A 2016 survey
from The Learning House found that business majors represented 26 percent of online undergraduate students, 10 points higher than the second-ranked major field, health and medicine.
Many colleges and universities allow students earning online business degrees to focus their studies in fields like accounting, human resources and marketing. Business degrees online are also a suitable alternative for students with jobs, child care duties and other responsibilities that may interfere with attending on-campus classes.
How long does it take to earn an online bachelor's in business administration?
The length of a business administration degree online varies by institution, but most options are 120 to 124 credits for semester-based programs and 180 credits for quarter-based programs. Both of these pathways can usually be completed after four years of full-time study.
Additionally, some accelerated programs allow students who meet certain criteria to earn their business degrees online in as little as 18 months.
How much does an online business management bachelor’s degree cost?
The overall cost of an online business management degree program may depend on the student's home address, since state residents typically pay lower tuition than nonresidents. Residents should expect to pay between $15,000 and $30,000 for their four-year program, while nonresidents will pay roughly $60,000 to $85,000 for their business degree online.
Some schools offer flat tuition rates for all students, regardless of their state residency; these options typically range from $40,000 to $60,000, making them a good bargain for nonresidents but a costlier alternative for residents.
Online business degree admissions requirements
Since a bachelor's degree is considered the minimum educational requirement for most business management careers, background work experience is not usually required of applicants. SAT/ACT scores are often – but not always – required; minimum scores vary from school to school.
Choosing an accredited online business administration degree programAccreditation status
is one of the most important considerations for prospective students. Colleges and universities in the U.S. receive accreditation from agencies recognized by the U.S. Department of Education; the accreditation process involves an extensive review of a school's educational programs and student services.
A school's accreditation impacts course credit transferability, as well as student eligibility for federal financial aid, so students should ensure the school offering the business degree online has earned national or regional accreditation.