Is Business Administration a Good Course to Study in Nigeria?

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 is 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 certainly courses as being bad or good without any real 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

Allow me to provide you with a little explanation of each of these factors.

1.     Relevancy to the economy:

A good course would be very relevant to the economy. A good course will equip you with the ability that will be highly relevant to the economy. 

2.     High Employment Opportunities (Professionals in the field must be highly demanded).

A good course in Nigeria is meant to provide enough existing or potential employment opportunities to graduates in that field. This means graduates of that profession must be highly demanded.

It is pertinent to note that only a relevant field to the economy will be highly demanded in a particular country like Nigeria.

These employment opportunities arise from the economy.

3.     Autonomy:

This is the ability of graduates of certain courses to find it easy to practice their course even without being employed or dependent on a particular employer.

This is, therefore, the ability to be self-employed even when practicing your profession.

4.     Salary:

This is the last but not the least. Many people usually equate a good course with a course that offers high pay. Well, they are not wrong.

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 of 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 autonomy, 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 below