When pursuing an education in their respective field, most students usually have specific questions in their minds. For example, will the degree help me land a good salary job? Will it be worth it even after five or ten years after graduation? However, you don’t have to worry about such questions with an MBA degree.
MBA or Masters of Business Administration degree is one of the most sought-after degrees for individuals who wish to step foot in the business industry and secure executive-level jobs.
The best part about an MBA degree is that it offers versatile career opportunities. And while an MBA degree can unveil ample job options for you in various industries, you might still be feeling unsure which career path you should go.
No worries, below is the list of eight exciting post MBA career choices you can consider:
1. MARKETING MANAGER
Let’s face it; marketing is the heart of every company. After all, how else would the audience know about a brand’s products or services if there are no marketing campaigns?
That is where the role of the marketing manager comes into play. A marketing manager is in charge of creating and overseeing marketing plans to attract relevant customers and retain the existing ones.
A master’s degree in administration will be advantageous to occupy this job role, but if you think it’ll take time to complete the degree because of GMAT, we’ve got good news.
You can now easily skip taking the GMAT for Online SOSU Programs and start your MBA without delays. With months off your degree tenure, you can fast track to completing your MBA and start work sooner as a marketing manager.
Your typical day-to-day job responsibilities could be
- Coordinating with other departments to develop marketing strategies
- Preparing and overseeing marketing budget
- Staying abreast of the latest marketing trends
- Measuring the performance of marketing campaigns and adjusting accordingly
According to BLS, the average salary of marketing managers is $ 154,470 per year.
2. INVESTMENT BANKER
The primary responsibility of investment bankers is to raise capital for government agencies or financial institutions.
Therefore, a career as an investment banker requires excellent communication, analytical and numerical skills.
In addition, because of the nature of the job, you will be working under stressful conditions as an investment banker. Your typical job responsibilities may include:
- Research new financial market trends and developments
- Create different types of economic models for clients
- Structure and oversee mergers and acquisitions, valuations, and equity transactions
- Assess risks and offer expert advice on investment opportunities to clients
- Keep updated on the latest rules and regulations in the financial industry
The average salary of an investment banker is approximately $101,251 per year, as per PayScale.
3. BUSINESS ANALYST
Another career path that you may consider after completing your MBA degree is becoming a business analyst.
As a business analyst, you will conduct thorough market research, perform analysis, document processes, and strategize ideas to boost business operations.
The skills of a business analyst may include excellent communication, problem-solving, critical thinking, interpersonal, and a good understanding of advanced technical skills.
The job responsibilities of a business analyst typically include:
- Gather, validate, and analyze business requirements
- Working closely with different departments for better business outcomes
- Offering training and guidance to junior staff members
- Acting as a critical interface between stakeholders and users
- Developing and testing solutions
- Staying up-to-date with the latest business processes and IT advancements
According to PayScale, the average business analyst’s wage is $62,633 per year.
4. BUSINESS OPERATIONS MANAGER
As the name suggests, a business operations manager monitors and supervises the company’s daily functions. To become a successful business operations manager, you must possess outstanding communication, leadership, problem-solving, and people management skills.
Moreover, you will be dealing with several tasks and meet strict deadlines, so you must have the ability to work under stress. Business operations manager duties and responsibilities can include:
- Ensuring all business functions operates smoothly and aligns with the company objectives
- Overseeing financial costs and developing solutions to improve profitability
- Overseeing day-to-day operations and addressing issues
- Evaluating staff’s performance and motivating them to perform better
- Executing plans and procedures related to stock losses and theft
The mean wage of a business operations manager is $77,873 per year.
5, MANAGEMENT CONSULTANT
Consultancy is another common career path for MBA graduates. Due to the advancements in technologies and changing market landscape, the world of business is continuously evolving. As a result, organizations need assistance to implement these changes.
That is where the role of management consultancy comes in handy. Management consultants help companies solve issues, generate profits, and improve overall performance.
Good teamwork, interpersonal, analytical, organizational, and creativity are essential skills you must hone to occupy this job role. Below are typical job duties you may perform as a management consultant:
- Conducting qualitative and quantitative analysis
- Gathering and interpreting relevant company data
- Sharing the detailed report and offering advice to senior company management
- Interviewing employees from multiple departments
The average salary of a management consultant is $89,928 per year.
6. HR MANAGER
Human resources, undoubtedly, is an integral business function for every organization, and so are HR managers. These professionals hire and retain talent, maintain a positive work environment, and work with administrative members to optimize the employee’s value.
Strong communication, interpersonal, and management skills are imperative to becoming a successful HR manager.
On any given day, the job responsibilities of an HR manager includes:
- Ensuring smooth recruitment and onboarding process
- Coming up with learning and development opportunities for employees
- Ensuring everyone adheres to the local, state, and federal regulations
- Creating policies and continually assessing the performance of employees
- Monitoring complaints of wrongdoings and resolving conflicts
- Designing employee benefit programs and initiating educational programs about benefit claims
The average pay of these managers is $121,220 per year. Also, BLS predicts this field to grow by 9% by 2030.
It is no secret that the business world is more competitive today. Therefore, an advanced degree such as an MBA can set you apart from other candidates and help you land better roles in organizations across various industries.
In addition, an MBA degree offers you a wide range of career benefits. For example, you can enjoy a good salary, build a strong network, accelerate your business career, etc.
Even though you’ll need an MBA degree to qualify for better roles, you can also launch your brand. We can’t stress the importance of an MBA degree enough in the present fast-paced business world.