Is an Associates Degree in Business Worth Anything? [2021 Guide]
Is an associates degree in business worth anything? According to the Bureau of Labor Statistics, you can expect the average salary to be $52,830. In addition to competitive pay, another key advantage to earning your associate’s in business administration is it only takes 2 years to complete.
Once you complete your associate’s degree in business online or on campus, you will be able to start working in your chosen career field sooner than if you had spent four years in college. This can be a plus, even if you decide to continue your education with a bachelors degree down the line.
Not only would you have a great paying job, but it should only take you 2 more years to finish your bachelors degree.
An associate’s degree in business administration is a great way to get your foot in the door at a company. It can allow you to start at an entry-level job and work your way up as you gain work experience.
Is An Associates Degree in Business Worth Anything?
Yes, an Associates Degree in Business is worth it for many students. With an average salary of $52,830 (the Bureau of Labor Statistics), the value of your investment is worth a considerable amount in the long-run. Common business careers include Business Manager, Human Resources Supervisor, Business Operations Supervisor, and Office Manager.
The business sector is where you’ll find all kinds of entrepreneurs, from small brick and mortar sellers to billion-dollar world-shapers and moguls.
Here are some key benefits to getting an associate’s degree in business:
- A formal business education can equip you with the skills and technical know-how to manage a business.
- Over 100,000 jobs in the business sector were posted in the last year.
- An associates degree in business is a highly versatile degree that covers a wide-range of business and entrepreneurship topics.
Is an associate’s degree worth anything? Yes! If you’re looking for a career with exceptional growth projection, associates degrees are ideal for testing the waters. Plus, there are quite a few online business degrees and programs available.
Business Administration Careers & Salaries
Earning your associates degree not only gives you insights on managing and improving businesses, but it also gets you ready for the real world. Graduating with your associates degree in business administration can bring real-life opportunities that you might not get with no degree at all.
There are a number of high-paying jobs that are available for two year degree graduates.
According to the Bureau of Labor Statistics, some careers in the business administration field are listed below. Depending on the employer, you may need a bachelor’s degree or additional work experience to qualify for some of the jobs listed.
|Careers||Annual Median Salary|
|Administrative Services Managers||$96,940|
|Purchasing Managers, Buyers, and Purchasing Agents||$69,600|
|Compensation, Benefits, and Job Analysis Specialists||$64,560|
|Human Resources Specialists||$61,920|
|Executive Secretaries and Executive Administrative Assistants||$60,890|
|Food Service Managers||$55,320|
|Secretaries and Administrative Assistants||$39,850|
Average salaries are dependent on your degree, work experience, job performance, industry, and location.
Once you get hired and gain work experience, you have the opportunity to move up in your career and make more money. Especially, if you decide to go back to school to pursue a bachelor’s degree program, master’s, or even an online MBA no GMAT program.
What Do You Learn in a Business Administration Associates Degree?
If Business Administration is your game, then you’re probably wondering about the types of courses, training, and skills you’ll acquire from an Associates degree.
Here’s a taste of the most popular courses that an Associate-level program in business covers:
Principles of Finance
Everybody loves finance, but no one needs it more than business managers and entrepreneurs. This course usually takes 50 hours to complete and will go through different topics, including corporate finance and financial management.
Unlike accounting, where you’ll mostly compile and organize past information, finance management focuses on using that information to make business decisions.
Business Analysis and Intelligence
We all have the entrepreneurial spirit, but most of us don’t have the technical know-how in running, improving, and optimizing business operations.
An associates degree will give you the introduction to analyzing and managing a business. For most companies, basic knowledge in this field is more than enough for them to hire someone in a lucrative position.
Human Resource Management
People are the most valuable asset for any business, and knowing the basics in recruitment, selection, development, retention, appraisal, and compensation gives you an edge in almost any industry.
Human resource management tackles the pain points of managing people and the best practices for employers, making them indispensable in an organization.
Customer Service Management
Understanding the needs of customers and retaining their business is key to a successful business or entrepreneurship venture. The customer service course covers all the aspects of customer service, including the expectations that you need to set when addressing various concerns.
What Can You Do With an Associates Degree in Business?
Wondering what you can do with an associate’s degree in business? According to the U.S. Bureau of Labor Statistics, there are several subjects to choose from in the business administration field. You can work in computer and engineering, legal and office support, healthcare, transportation, and more.
Some positions you can take with your associate’s degree in business administration are:
- Human Resource Manager
- Executive Assistant
- Payroll Administrator
- Customer Service Manager
- Management Analyst
- Sales Manager
- Store Manager
An associates degree in business may be a two year degree, but a variety of jobs are available for graduates.
Associate Degree vs. Bachelors Degree
Which is better? An associate’s degree in business or a bachelor’s degree in business? Sure, earning a bachelors degree can provide a better foundation for future career advancement. But getting an associates degree in business has a lot of perks that you can’t ignore.
|Associate’s in Business||Bachelor’s in Business|
|Completion||Two years completion||Four years completion|
|Cost per Course||Associates degrees have cheaper courses than their Bachelors counterpart||One of the highest in all Bachelors degrees available|
|Basic Business Courses||Basic business courses are accounting, finance, entrepreneurship, human resources, marketing, international business, public relations, consumer behavior, and market structures||Every course in Associates degree together with analysis of macroeconomic and microeconomic theory, national income determination, price determination, monetary policy, and global economics|
|Preparation for Master’s Degree||None||Tackle positions in accounting, financial analysis, market research, marketing, and sales|
A bachelors degree doesn’t automatically mean higher income. As reported by CNN Money, some community college graduates make significantly more than students who went to a university for a bachelors degree in business.
One of the reasons for this is an early head start in real-life experience. Associates degrees only take two years, which means that you’ll most likely have two years of experience even before a bachelors degree graduate can start looking for jobs.
Now that you have a little more information about each degree level, which business degree fits your career goals and interests better?
An associate degree in business administration can often be the gateway to a lucrative career with tremendous growth potential. But for you to get entry-level jobs at most companies, your school needs to be regionally accredited.
Accreditation is the first factor that you need to consider when looking for a business administration program.
Regionally accredited colleges and universities follow the guidelines established by the Department of Education. These accreditation guidelines ensure that your associates degree will meet specific quality standards.
Regional accrediting agencies include:
- Higher Learning Commission (HLC)
- Middle States Commission on Higher Education (MSCHE)
- New England Commission of Higher Education (NECHE)
- Northwest Commission on Colleges and Universities (NWCCU)
- Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
- WASC Senior College and University Commission (WSCUC)
Regional accreditation is important if you want to obtain federal grants or loans to help with the cost of tuition. In addition, most employers prefer that you obtain your degree from an accredited college.
Financial Aid for Associate Degree in Business Administration
Earning your Associates degree is an excellent stepping stone in the business world without committing to a four-year degree. The courses are cheaper than a Bachelors degree in Business Administration, but it doesn’t mean that you can’t reduce the cost of education.
There are different financial assistance programs available for those who want to earn an Associates degree in business. The Free Application for Federal Student Aid (FAFSA) can show you with all the options that you can apply to reduce the cost of education.
You can combine these financial aid options with any state program to minimize your reliance on student debt.
Two-thirds of all Associates degree holders completed their education through financial assistance programs. You can do the same by applying to different scholarships, grants, study-work programs, or internships.
Is an Associates Degree in Business Administration Worth It?
Yes, obtaining your associates degree in business administration can be worth your time and effort. Earning your associates degree in business can open up a lot of opportunities. Getting a well-paying entry-level job can get you in the door of a long-standing career.
If you decide to go further in your education, you can work towards your Bachelors in Business Administration in just 2 years. Then you can move up in your current job and make more money.
How Much Can You Make with an Associate’s in Business?
According to the Bureau of Labor Statistics, the average annual salary for associate degree graduates is $52,830. Common careers in business administration include human resources manager, operations supervisor, office manager, executive assistant, project manager, and payroll administrator, among others.
Although the average is listed as $52,830, your salary will depend on a number of factors such as industry, regional location, and years of experience.
Are Associates Degrees Worthless in Business?
No, an associates degree in business is not worthless. Business administration is an evergreen career that can provide you with exceptional career growth.
With minimal investment in time and money, an associates degree in business administration can provide you with a wide-range job opportunities.
What Are the Highest Paying Associate Degree Jobs in Business?
Salary data from the Bureau of Labor Statistics indicates that you can qualify for a number of high-paying careers with with an associates degree in business administration. The average salary for associate degree holders is $52,830. Common business careers include Accounting Manager, Human Resource Manager, Operations Manager, and Information Technology Manager.
If you want to take advantage of this ever-growing industry, you can apply to different university programs that have streamlined and accredited coursework for business administration.
These programs can help you get a head start in your career without requiring a great deal of time or money.