An online bachelor’s degree in business management prepares learners for a variety of lucrative career paths. An online program offers one of the most affordable business management bachelor’s degree options.
Online programs allow students to earn their bachelor’s in business management in as few as 18 months through fast-track programs. However, degree-seekers often take around four years to complete an online bachelor’s degree.
Learners can earn a bachelor of applied science (BAS), bachelor of arts (BA), or bachelor of science (BS) degree. BAS degrees concentrate on hands-on experiences and incorporate job-related skills, whereas a BA or BS offers a more theoretical focus.
Admission to an online bachelor’s in business management program requires a high school diploma or the equivalent. Applicants may need to submit essays, transcripts, recommendation letters, and optional test scores.
The Bureau of Labor Statistics (BLS) projects the number of management analyst jobs to grow 11% between 2019-2029, much faster than the average for all occupations. These professionals earn a median annual wage of $85,260.
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What can you do with a bachelor's in business management?
Graduates can take many different career paths with a bachelor’s in business management. Degree-holders can pursue a career in finance, accounting, management, and technology.
Is a BA or BS in business management better?
Each degree type offers value. BA students take classes in the liberal arts, which focus on various well-rounded courses. These include art, history, religion, and writing. BS students focus more on math, science, and statistics.
How long is a bachelor's in business management?
Students can complete an online bachelor’s in business management in four years of full-time study.
Is a bachelor's in business management hard?
Students may find a bachelor’s in business management demanding. Some of the most difficult classes include accounting and economics, management communications, and capstone courses.
Best Online Bachelor’s Degree in Business Management 2021
Why Get a Business Management Degree?
Business management bachelor’s programs teach management techniques for the modern business environment. Degree-seekers enjoy many benefits of earning a business degree.
- Introduces Business Basics
- An online bachelor’s degree in business management gives students a great introduction to the industry and a glimpse of real-life business situations.
- Customizable Majors
- Business management majors can specialize in a particular interest area, such as accounting or finance. Other interest areas can include global supply chain management, health services management, and entrepreneurship.
- Many Career Path Opportunities
- Students gain theoretical knowledge that can kickstart a career in the field. A business management degree prepares students for diverse career paths.
- Great for Launching into a Master’s Program
- Many master’s programs seek confident leaders and excellent communicators. Earning a bachelor’s degree in business management can develop the skills necessary for a master’s program.
- Develops Management Skills
- Students learn practical business skills through internships and exposure to real-world businesses. These hands-on experiences develop the management and leadership skills needed for leading a team.
How Much Does a Business Management Major Make?
According to the BLS, management occupations earn a median annual salary of $105,660 — the highest salary of all the major occupational groups.
Administrative services managers earn a median salary of $96,940 per year. They plan, direct, and coordinate activities that help an organization run efficiently. One of the more lucrative management positions, computer and information systems managers’ median annual salary totals $146,360. These professionals plan, coordinate, and direct computer-related activities in an organization.
Graduates might want to consider certificate programs for higher pay opportunities. For example, students can earn the certified associate in project management, certified business analysis professional, and certified supply chain professional credentials.
Career advancement or a master’s degree could also lead to higher salaries and advancement opportunities.
Bachelor’s in Business Management Program Requirements
Business management bachelor’s programs typically require applicants to hold a high school diploma or the equivalent. Many colleges also set minimum GPA requirements for admission, depending on the selectivity of the institution.
Candidates may also need to submit standardized test scores, such as SAT or ACT scores. Successful candidates may also need to provide letters of recommendation from teachers and supervisors.
During a bachelor’s program, colleges or universities may require practical assignments like capstone projects and internships to graduate.
Bachelor’s in Business Management Specializations
Learners can apply various specializations within bachelor’s in business management programs. Specializing can help degree-seekers focus their skills and prepare to apply them in a professional setting.
An accounting management specialization helps business management majors handle real-world accounting scenarios. These tasks can include payroll, managing billing functions, and communicating financial data.
The finance management specialization helps students value real and financial assets needed by a business, risk management and financial derivatives, and corporate financing and dividend policy. The course covers the benefits, risks, and costs of finance management.
Health management teaches the business side of the healthcare field. Students master topics such as health rights and responsibilities, healthcare policy, records management, and insurance claims billing. Students also learn how to manage comprehensive healthcare billing systems, facilities, and patient accounting.
Students learn marketing principles in this specialization, including planning, implementing, and evaluating marketing strategies to achieve a company’s goals. Students also learn about market demand and competitive advantage, marketing research, sales forecasting, and product and brand management.
Management Information Systems
Students learn about information technology used to support an information system and how to identify and manage business processes used in such systems. Learners also study how to use an information system for a competitive advantage.
A sports management degree combines business education with a sports-specific curriculum. Students take courses in sports marketing, finance, and the legal aspects of the sports industry. Students may also choose to pursue a concentration in results-centered sales or sports data analytics.
Courses in a Business Management Bachelor’s Program
The typical course load for a business management bachelor’s program includes 120 credit hours. The best business management bachelor’s degrees offer both general education courses and business core courses.
General education requirements provide a well-rounded academic foundation. Business core courses offer an in-depth analysis of business concepts and principles. These core courses also develop students’ research and analytical skills.
Specialized courses can help business management majors prepare for a global business environment. All colleges and universities may not offer every course listed below, but a sample curriculum could include the following classes.
Political, legal, economic, and cultural factors influence human resource management and strategic planning. In this course, students learn how global relationships remain an integral part of business today and how to apply global business skills. Global business management helps students understand the difference between managing domestic and international environments.
In this course, students learn and understand the laws that affect, regulate, and impact all businesses. Students analyze situations that cause torts, study negligence liability, and use real-world business scenarios to learn how to protect all types of businesses from liability.
Understanding leadership and different leadership styles can greatly improve students’ abilities to navigate any business situation. Leadership principles courses teach the tenets of leadership and explore various leadership theories so students can apply them in a professional business setting.
Scholarships for Business Management
Students who pursue an online bachelor’s degree in business management can apply to scholarships available to all college majors and those specifically earmarked for business management majors.
Richard J. Seif Technical Sales and Marketing Scholarship
Who Can Apply: Students pursuing a bachelor’s degree in business or engineering with a sales or marketing emphasis can apply. College juniors or seniors may apply with a minimum 2.5 overall GPA. Applicants must hold U.S. or Canadian citizenship and attend a U.S. or Canadian university.
Amount: $3,000See Scholarship
AfterCollege Business Student Scholarship
Who Can Apply: Currently enrolled college students working toward a degree in any business field, such as accounting, business administration, and management, can apply. Applicants must hold a minimum 3.0 GPA.
Amount: $500See Scholarship
GoSkills Be the Boss Scholarship
Who Can Apply: Currently enrolled high school or college women must demonstrate an interest in and passion for business to apply. They must also show motivation and potential as a business founder and leader. Judges only consider the quality of submitted short answer responses and business plans for award selection.
Amount: $2,000See Scholarship