Is economics a good major
What is business administration?
Business administration - everyone knows what that is! Or not? You are somehow familiar with the term business administration, but you can't really do much with it? You have many friends who are studying business administration, but you don't know what exactly such a degree entails? With us you will find everything you need to know about the definition of terms, the different forms and things you need to know about business administration!
In almost all areas of our economic system, even where you don't see it at first glance, competent and experienced business administrators are at work - usually graduates are one of the most versatile Business studies. Almost every product that we buy and use in everyday life reaches us consumers thanks to the diverse skills of trained business administrators. But before business economists can demonstrate their special skills in numerous company interfaces, they must first complete a degree in business administration.
The Bachelor of Business Administration is often considered a subject that anyone studies who does not know a better alternative. One can say: With a business administration degree you will be prepared in a variety of ways for the challenges in business and management. Since prospective students can often not correctly assess what the course includes and what it is good for due to prejudices, we first answer the most important question: What is business administration?
Definition of business administration
The term business administration (or business administration for short) is not exactly common in our linguistic usage, but actually everyone has heard it before. Business administration is often equated with the terms "economy" or "management". But what exactly does business administration mean?
The Business administration is a sub-discipline of economics and describes the management, control and organization of an economic operation or company and is fundamentally based on the assumption that goods are scarce and that these goods must be handled economically. The aim of business administration is to describe decision-making processes in companiesto explain and support. The business administration deals with the economic perspective, focusing on the individual operation.
Business administration is one of two branches of economics. The second sub-area is economics (VWL). Both sub-disciplines have a lot in common, but also fundamental differences in content. You can read more about this in our article on the difference between business administration and economics.
Most people use the term business administration when they mean the course, because Business studies is the most popular subject in Germany and is offered in one of its diverse forms at almost every university, technical college or academy.
The business administration course conveys general fundamentals from economics and builds on it with special specialist knowledge with different business management focuses. Here are the topics planning, organization and calculation the basic contents of general business administration. It is an interdisciplinary course that you will be given after graduation a career in all areas of business and made possible in every production and manufacturing company as well as in the service sector.
The Aim of the business administration degree is to increase your interdisciplinary thinking and your ability to act and to make yourself fit for the challenges in the management of commercial companies.
One of the essential elements of business administration teaching is the implementation and control of the various capital-oriented corporate processes. Business administration represents the perspective of a company and also deals with interpersonal relationships that are geared towards economic practice in the context of a professional activity. In addition to the main instruments of the business administration degree - Analysis, math and statistics - there are therefore also numerous elements of the Law and political science, sociology as well as industrial and organizational psychology on the timetable of a business administration student.
You can find out which business administration courses and disciplines are available in our detailed overview. We will also explain to you in detail what the content of the respective degree programs is and which requirements you have to meet in order to be able to complete such a degree.
Business studies courses
For this reason, the business administration course is divided into two main categories:
- General Business Administration (ABWL)
- the special business administration (SBWL)
general business studies
General business administration deals with planning, organizational and computational decisions in companies. It is aligned across functions and industries. General business administration gives an overview of the science of business administration and aims to encourage interdisciplinary thinking and decision-making.
Special business administration
The special business administration, on the other hand, focuses on Questions that are only relevant in certain industries or parts of the company. Here, for example, the areas of marketing, human resources, finance, controlling, production or corporate management are taught, which are found in most companies as independent departments. For this purpose, in most business administration courses, priorities can be set within the course of study, which prepare for later use in practice and illuminate some subject areas more intensively.
Business administration and its focus areas
Here you will find everything you need to know about the subject of individual specialization in business studies. What variants are there and how they can enrich your business studies.
Business studies focus
General explanation of terms: business administration, economics, management and economics
When looking for a suitable business administration degree, you will often find different terms. Often the terms economics, economics (VWL), management or economics will appear on the university pages or in your general search.
Many terms that actually mean the same thing: a degree with an economic focus. Business basics are taught in all of these courses and subject areas, but there are differences. Here we explain the most important terms to you at a glance:
Economics, also known as WiWi among students, describes the teaching of economics as a whole. It includes both business administration (business administration) and economics (economics) as sub-areas.
Business Administration - Business Administration
Business administration is the study of the organization, control and management of companies.
Economics - Economics
As a second branch of economics, economics (short for economics, also national economy or social economy) deals with the investigation of the connections between the production and distribution of goods and production factors. In contrast to business studies, economics focuses less on individual companies, but rather on entire states and / or economic areas.
The contents of this course are in many positions congruent with the business administration course. As a manager, you can work in many areas of a company after graduating. In later professional life, managers are often employed as executives in companies. There they ensure effective work processes and profitability of the company.
Similar to the Management course, an economics course is also a business administration course. The term economy is therefore often used as a synonym for business administration or economics. The focus of the course is on the focal points and fundamentals from the areas of economics and business administration - depending on the design, orientation and offer of the university.
Now that the definition of business administration has (hopefully) been clarified in a comprehensible way, there are now a lot of courses waiting for you to study business administration, economics, economics and many more! You can find the right universities here in our database:
Find a college that suits you
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