Friday, 18 May 2012

Online Business Management Degree Program Information

Online business management degree programs are available on the undergraduate and graduate levels. They may be offered completely online or as a combination of Internet-based and on-campus courses.

Overview of Online Bachelor's Degree Programs in Business Administration

Students working toward a Bachelor of Arts (B.A.) in Business Administration or Bachelor of Business Administration (BBA) take courses in various business disciplines, such as marketing, finance and human resource management, and often pick one of these areas as a concentration. They also build skills in critical thinking, project management, leadership, financial responsibility and logistical problem solving. A high school diploma is the most common prerequisite for online bachelor's programs in business administration.

Program Information and Requirements

Bachelor's degree programs in business administration usually take 4-5 years to complete. Online instructors typically use audio and video presentations, traditional texts and online chat rooms to create virtual classroom settings. A course management system might be used to keep track of class materials and assignments.
On both the bachelor's and master's levels, online students generally need access to a computer with high-speed Internet. Since some classes require research papers and presentations, students might need word processing and presentation software, as well as printing capabilities. Communication with instructors and classmates usually is conducted via e-mail, phone or online chat rooms.

List of Courses in Business Administration at the Bachelor's Level

Undergraduate business administration programs give students a comprehensive overview of the principles and theories in different areas of business, such as marketing, management, accounting, finance and business law. These courses are meant to provide students with a thorough education in running and operating a financially successful business.

Basics of Accounting Course

This course introduces students to the basic principles and practices of general corporate accounting. Interacting and working with individuals outside the company and the importance of accounting reports are emphasized.

Basics of Human Resource Management Course

Students explore and analyze effective personnel management, inter-office communication and theories of motivation. Current standards and practices and unique legal issues are also topics of interest.

Strategies of Business Management Course

This course uses case studies to look at the short- and long-term impact of management decisions. Special topics include the formulation, implementation, evaluation and control of solution strategies.

Career Information for Graduates

Graduates of online bachelor's programs in business administration should have the knowledge and skills to be successful in a variety of careers. A July 2010 survey from Payscale.com included annual salary ranges for a number of business administration jobs, including $29,000-$52,000 for retail store managers, $33,000-$38,000 for marketing coordinators, $41,000-$52,000 for staff accountants and $61,000-$92,000 for financial controllers. Career change and transition is frequent in the business world, and job opportunities can be found everywhere from small towns to big cities.

Overview of Online Master's Degree Programs in Business Administration

Most students working toward a Master of Business Administration (MBA) are looking to advance their careers into the upper management range. MBA students learn to seek out and identify problems and implement solutions in areas such as personnel, organization, marketing and finance. Graduate programs in business administration usually can be finished in 2-3 years, and a bachelor's degree in a related field generally is a prerequisite.

List of Courses in Business Administration at the Master's Level

Courses in business administration at the master's level continue to build on the theories and principles of business learned at the undergraduate level. They also offer a chance for further concentration in one or more areas, such as finance, human resources, marketing or international business.

Principles of Managerial Economics Course

This course teaches students how to make managerial decisions from an economic standpoint. It covers economic theory and analysis through a non-calculus-based curriculum and highlights the discovery and implementation of practical economic solutions.

Principles of Managerial Marketing Course

Students explore various marketing tools and methodologies, as well as their evaluation and use by corporate managers. The course pays close attention to product development and design, advertising strategies and distribution methods.

Legal Issues in Management Course

The study and comprehension of business law is at the center of this course, with special attention given to corporate law. Students examine case studies, government and securities regulations, ethics, anti-trust and employment laws, contracts and torts.

Career Information for Graduates

Graduates will find that an MBA, along with extensive work experience and documented success, is crucial to securing a high-level executive position within a company. A July 2010 survey by Payscale.com revealed annual salary ranges of $94,000-$172,000 for chief financial officers, $88,000-$139,000 for marketing directors, $63,000-$82,000 for senior financial analysts and $112,000-$220,000 for chief executive officers. Competition for executive positions is keen since the number of qualified applicants far exceeds the number of job openings.

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