Business brokers might also be classified as real estate brokers. Aspiring business brokers who seek admission to bachelor's-level business administration programs should have a minimum of a high school diploma and an acceptable grade point average. For a career as a business broker, students should concentrate on finance-related subjects relevant to real estate transactions or asset evaluations.
Bachelor's Degree in Business Administration with a Business Broker specialization
An undergraduate business administration education covers various subjects. Business leadership and management topics influence most of the major subjects within the program. Such programs teach students about financial reporting, organizing human resources, and forecasting market conditions. Students must also gain proficiency with current and emerging information systems technologies, as well as economics, sociology and communication. Microeconomics, computer science, and ethics are also emphasized. A bachelor's program in business administration may include courses in the following:
- Accounting and financial analysis
- Marketing and statistics
- Information technology in business
- Domestic and international business laws
- Strategic business planning
- Business ethics
The employment opportunities for aspiring business brokers depend on state certification regulations. Some states require practicing business brokers obtain licensing or certification by an approved state agency or organization. Education and training requirements differ substantially between states, though students will usually be asked to complete a competency test. According to the U.S. Bureau of Labor Statistics (BLS), individuals employed as real estate brokers, including those selling businesses, earned an annual average salary of $78,940 as of May 2018(www.bls.gov).
Master of Business Administration (MBA) degrees may provide advanced education for students interested in becoming business brokers. An MBA program typically offers a wide range of study in business management, practice and law. Additionally, several other master's programs in finance, accounting and marketing may prove beneficial in understanding the intricacies of modern business practices.
Business broker education is typically found at the bachelor's level in the form of a business administration degree with a brokering specialization. Students can improve their employability by entering an MBA program or similar master's degree.