Five Jobs for MBA Graduates
Earning an MBA is an effective way to increase your chances of advancement within your career. The MBA gives you the skills to be a successful leader, a smart business person, and a team player, and it makes you more marketable in the job hunt. According to the Bureau of Labor Statistics (BLS), these are some of the most popular careers for people who have an MBA.
Duties: A business analyst gathers and organizes information about problems and issues that need to be solved within a business to improve productivity. They are responsible for staying up to date with new procedures and products that can increase efficiency within their organization. A business analyst is also responsible for making the most profitable decisions without sacrificing productivity and cost. A bachelor’s degree is required for entry-level positions; however, an MBA is required for any management-level position.
Salary: The median annual pay is $87,660.
Job outlook: Employment is expected to grow 14 percent by 2030.
Duties: Operations managers plan, direct, and coordinate the operational tasks of an organization. An operations manager usually works with people across the company in different departments to ensure everything is running smoothly. Depending on the organization, operations managers can manage daily operations, materials and inventory, labor, procedures, and more. They are essential to the success of any organization in any industry.
Salary: The median annual pay is $103,650.
Job outlook: Employment is expected to grow 6 percent by 2029.
Medical and Health Care Manager
Duties: Medical and health care managers plan, direct, and coordinate all medical and health services. They manage the facility or clinical area and are responsible for recruiting, training, and supervising staff members. Medical and health care managers create goals and objectives to improve the efficiency and quality of health care services.
Salary: The median annual wage is $104,280.
Job outlook: Employment is expected to grow 32 percent by 2030.
Duties: Financial managers prepare financial statements and business activity reports, and monitor financial health to ensure an organization is using its money wisely. Financial managers analyze market trends and review financial reports to see ways to reduce costs.
Salary: The median annual wage is $134,180.
Job outlook: Employment is expected to grow 17 percent by 2030.
Duties: Marketing managers plan programs to increase interest in certain products or services. They are project managers for creative services in an organization and work with art directors, sales agents, financial planners, and more. Marketing managers are responsible for budgets and contracts, marketing plans, strategy, and delivering the final product or service to clients. Marketing managers keep projects and people on task to complete everything efficiently and to the highest quality.
Salary: The median annual wage is $133,460.
Job outlook: Employment is expected to grow 10 percent by 2030.
Not only do these careers have high salaries, but they are becoming more popular and necessary across all industries. If you have not earned your MBA yet and are looking to move up in your career, or switch careers, an MBA is a great option to pursue your goals. Excelsior College has an MBA program that will fit your time and schedule to make it easy and seamless to go back to school. Check it out today!