In the past few years, the job market has it has become increasingly difficult. After investing tons of money and years in education, it can be quite frustrating to find a job. Thankfully, there is some good news for those who have MBA degrees. Over 75% of MBA graduates tend to find jobs within just a few months of graduating. If you are on the fence with deciding to go for your MBA, check out this article on Is An MBA Worth It?
However, what kind of career paths should MBA graduates follow? Considering factors such as employment growth and forecast, job satisfaction, and annual salary, here are some of the best careers that one can pursue after graduating with an MBA.
1. Chief Technology Officer
The work of a chief technology officer is to oversee all aspects of technological development and establish the company’s technical vision. They also oversee special projects, research, and development. This, therefore, ensures that the standards are adhered to and the technical standards are established. Since companies are always filling these positions, having an MBA with specializations in IT will not only set you apart but also secure you one of the best positions. The starting salary is generally $105,812.
2. Financial Management
To succeed in a competitive business environment, most companies depend on the expertise of financial managers. These professionals oversee all the transactions and financial activities of the company. They supervise activities such as investment, management, budget process, and financial procedures. They can also be involved in activities such as handling mergers, raising capital and acquisitions, and accessing worldwide financial transactions. Those who have a degree with a major in finance and certification along with an MBA, and plenty of experience are likely to have the best prospects. The starting median salary is approximately $121,750.
3. Computer and Information Systems Manager
To ensure that everything in the company runs well, information systems managers are very important. Apart from overseeing the security networks, they also perform the following jobs.
● They install and maintain hardware and software.
● The handle computer related problems in the company
● They develop computer networks.
● They develop and implement internet sites.
If you want to follow this career path, then you need to have an MBA with a concentration in financial systems.
4. Health Services Manager
To ensure that healthcare businesses run well, the ever-expanding healthcare industry requires very knowledgeable managers. Health services managers will ensure that all companies adhere to government reforms. They generally oversee the work of technicians, doctors, and clerical workers. In small facilities, they may supervise or co-manage the whole facility. On the contrary, in a large facility, they just oversee a small department such as finance and patient care services.
5. Marketing Management Job
Marketing depends on in-depth knowledge of customers and products. Once you enroll in a top online MBA like the one at SCU, you’ll acquire up to date tools that will help you to assess companies and products while developing your ability to communicate and understand members from other communities. Some of the things that you’ll learn include their needs, buying habits, and cultural specialties. If you have a flair for sales or you are the creative type, then after pursuing an MBA, you may be interested in becoming a marketing manager.
6. High-End Management Consultant
For companies to stay relevant and focused, they require the services of high-end management consultants. These consultants typically help government agencies and companies to solve management problems, control costs, increase worker productivity, maximize efficiency, and maximize profits. They also assist the companies in establishing an online business and adjusting to new business regulations. They provide advice to chief operations officer, chief executive officers, chief financial officers, and other executives. With a projected growth of 14%, it’s a career path worth considering.
7. Investment Banking
When it comes to raising profits, most companies turn to investment bankers. In addition to determining the financial health of the business, investment bankers also come up with strategies that can help increase revenues. They provide counsel to their clients about acquisitions and mergers and also propose an excellent financial model to their clients. Although some companies will employ those with a Finance degree, most of them require an MBA.
These are some of the best career paths that someone with an MBA degree can take. However, irrespective of the path that you take, you need to negotiate your pay based on the financial and intellectual investment that you’ve put into your MBA. Congrats on completing the degree, now go put it to use!