Have you ever considered a job in business administration?
Today, there are more small startup companies and ecommerce businesses than ever, and if you’re analytical and business-minded, business administration is a logical choice.
Administrators tend to be detail-oriented, good with people, and highly organized. There are a variety of industries to choose from, but here are 4 growing fields to consider while looking for a good fit.
The healthcare sector is constantly growing and in need of qualified professionals to assist in everyday operations like billing and management.
If you’ve ever been interested in helping patients in need of medical care but would prefer not to provide direct medical services, a job in healthcare administration may be ideal for you!
There are a variety of careers in healthcare administration that are worthy of consideration, including hospital manager and CEO, health policy and management administrator, healthcare marketing and public affairs manager, health informatics specialist, and materials and equipment management.
The latter two positions are designed for those who prefer to work on their own managing supplies, numbers, and statistics, while the first three are better suited to those skilled at people management.
Either way, the medical field is constantly growing, so the job security with any of these careers is bound to be relatively high. The Bureau of Labor Statistics lists the median pay for medical and health services managers as $96,540 a year, with a 20 percent growth outlook from 2016 to 2026.
When you think of administrative jobs, you’re probably not likely to guess that college-level and professional athletics teams are in need of organizational assistance, but that would be a mistake.
In fact, there’s a national shortage of sports officials, at the moment, due to the large number of older officials and impending retirees in the field.
If you’re more numbers-oriented, a career as a sports finance administrator may be a good choice for you.
Sports programs and teams need financial directors and administrators to monitor cash flow, keep track of expenses, and manage the budget — as well as provide comprehensive planning related to taxes, insurance, and organizational policies.
If you’re a sports fan who would rather work behind the scenes than on the field to keep a team organized and well-managed, a career in athletic administration may work for you!
BLS lists the median salary for financial managers as $121,750, while the job outlook is forecasted to the 19 percent from now until 2026.
The business world is changing to include more contract and freelance work. If you are highly motivated and organized with a strong sense of discipline and the ability to self-manage, you may opt for a career as a freelance administrator.
This may come in the form of a personal assistant, virtual assistant, or contract bookkeeper, but there is plenty of demand for freelance help for entrepreneurs and small business owners who may work out of their home or have a virtual online presence.
If you’re interested in starting a virtual assistant business, you’ll want to create a menu of services, make a list of potential clients, and create a business plan. You’ll want to decide what kind of clients you want to work for — whether you prefer working with an individual or a small business startup, for example.
Stocking your home office with the necessary administrative and accounting software will equip you with the tools you need to be successful. Since bookkeeping is so vital to small businesses, automated and cloud-based programs make tasks like invoicing and bill payment easier to track and document.
Though BLS reports the average salary for secretaries and administrative assistants as $37,230 per year, if you work as a freelance administrator you can set your own rates of pay.
If you’re interested in going into the related field of personal financial advising, the median pay is reported as $90,530 per year.
Of course, many people who began doing freelance and contract work eventually decide to become an entrepreneur and go into business for themselves.
Whether it’s monetizing an existing website or becoming a web entrepreneur on the side to build a passive income stream, entrepreneurship brings its own rewards.
True, it can be scary to go into business for yourself, but many enjoy the scheduling and creative freedom that being an entrepreneur can provide.
It may be wise to try your business idea out on the side or partnering up with an existing company before launching into business full-speed right away — just to see if your product or services generate enough cash for your efforts to be worthwhile.
For example, if you’re highly skilled in SEO, you could work with existing site owners to optimize their website; while those skilled in graphic design might consider working with small homebrewers to make eye-catching logos and customized labels for their bottles.
Forbes notes that a number of companies are switching to remote environments, so location-independent enterprises are becoming the way of the future.
Before you get started, it’s important to share your idea with others who have taken similar entrepreneurial leaps to make sure that your idea is not only original but also viable, in today’s digital economy.
However, without taking a risk, you can’t succeed. Occasional failure is inevitable, but failures are also opportunities that can provide direction in knowing how to proceed differently the next time.
In fact, trial and error — as demonstrated through A/B testing and innovative ideas — is an excellent way to discover which techniques are best for your business.
Have you ever heard of the scientific method?
It’s similar — only the ideas and hypotheses are formed behind a desk rather than in a laboratory.
Perhaps that’s essentially what entrepreneurs are: inventors in business suits rather than lab coats, performing experiments and testing the free market via trial and error.
Whether in health care, athletics, business, or e-commerce, there is a great need for savvy administrators.
Detail-oriented administrators must be able to manage finances, invoicing, cash flow, business plans, and future organizational forecasting.
What careers in administration have you considered?
Do you have experience in one of the industries discussed above?
Share your thoughts and advice about administrative work in the comments section, below.