Statistics show that an increasing number of adult students are returning to school and earning business administration degrees.
According to figures from the U.S. Department of Education's National Center for Education Statistics (NCES), between 1995 and 2006, the number of people over age 25 enrolled in business classes increased by 13 percent. The NCES predicts the number of enrolled students over age 25 will rise by 19 percent during the 2006 to 2017 decade.
Both traditional students and nontraditional students alike are embracing varied educational options on their business degree paths, including:
• Online degree programs
• Distance education
• Weekend and evening degree programs
• Executive MBA classes designed for working adults
NCES data shows that nearly a quarter of all bachelor's degrees granted during the 2007-08 academic year were in a business-related field. At the master's degree level, business degrees were also common, with 156,000 degrees conferred.
The Benefits of a Business Administration Degree
As jobs in the businesses sector increase, earning a business degree can make you valuable to employers. Information from the Bureau of Labor Statistics (BLS) indicates growth in several business-sector occupations will be especially strong in the 2008-2018 decade, including personal financial advisors, compliance officers, and financial examiners.
A degree in business is a significant source of post-secondary training for these positions. These expanding positions also come with high earning potentials. According to the BLS, personal financial advisors earned median annual wages of $68,200 as of May 2009, not including bonuses, while financial examiners earned median annual wages of $71,750 as of May 2009.
Though there are many different paths to earning a business degree, the skills earned can apply to a variety of growing careers.