Is business administration a good course to study In
Nigeria? How lucrative is business administration in Nigeria?
What is Business Administration?
Business administration, as the name implies, is the
study of the administration of a business.
Business administration practice is therefore
channeled towards the overall management of a business.
The goal of business administrators or managers
within any organization is to ensure the smooth running of their business.
Profit maximization and loss declination are one of the principal reasons why
firms or establishments employ business managers or administrators.
What is a Good Course to Study in Nigeria?
Most times, people erroneously characterized certain
courses as being bad or good without any explanation backing their point.
Every course is good. However, certain influencing
factors will determine their worth. Such influences arise from the economic and political sphere of a certain country.
This implies that while a course may hold much value
in one country, it may lose value in another.
For a course to be considered good in Nigeria, it
must satisfy the following factors;
1. Relevancy
to the economy
2. High
Employment Opportunities (Professionals in the field must be highly demanded).
3. Autonomy
(independent)
4. Salary
How Lucrative is Business Administration in Nigeria?
Business administration may be characterized as a
good course if it fulfills the following factors
1. It
must equip graduates with skills that are relevant to the economy of Nigeria
2. Graduates
in business administration must be highly employable in Nigeria
3. Graduates
in business administration should find it easy to practice their profession
independently in Nigeria
4. Graduates
in business administration must be well paid by their various employers in
Nigeria.
Let’s measure how lucrative business administration
is in Nigeria using the following questions.
1. Are Business Managers or Administrators in High Demands in Nigeria:
Business administrators can be employed by almost
any establishments in Nigeria. This is because most establishments are created
for profit-making. Business administrators are therefore needed to plan and
improve the business practices of various establishments.
Business administrators can be employed by the
following employers in Nigeria;
·
Manufacturing companies
·
Financial institutions
·
Construction companies
·
Oil and gas companies
·
Telecommunication companies
·
Food and drinks manufacturing companies
·
Retail companies
·
Government agencies
·
Tertiary institutions
·
Secondary schools
Business administrators are therefore in very high
demands in Nigeria.
In
terms of demands, business administration is a good course in Nigeria
2. How Relevant is the Practice of Business Administration to the Nigerian Economy:
Every profit-making establishment is regarded as a
business. Business administrators are employed to reduce the risk of operating
a business through the application of intelligent management principles.
In
terms of relevancy to the Nigeria economy, business administration is a good
course in Nigeria
3. How Easy does Business Administrators Find it to Practice their Profession Without Depending on Employers in Nigeria:
Business administrators will find it very easy to
set up, manage, and grow a business in Nigeria without depending on any employer
In
terms of independency, business administration is a good course in Nigeria
4. Are Business Administrators Well Paid in Nigeria?
Business administrators are very well paid in
Nigeria
In
terms of the emoluments, business administration is a good course in Nigeria
Conclusion
Let me know your thoughts in the comment section
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