Career Paths with MBA

You can develop new skills, improve your professional standing, and catch the eye of hiring managers with an MBA or Master of Business Administration, degree. Career paths with MBA can help you develop your management, leadership, and communication abilities. Additionally, this degree might increase your income and your professional network.

The top positions for MBA graduates are listed in this article, along with descriptions of their usual responsibilities and pay scales.

Why Choose Career paths with MBA?

Here are some reasons why candidates should consider pursuing an MBA:

  • Get a raise
  • Get a promotion
  • Change the office profile
  • Improve knowledge
  • Ensure better networking
  • Add value to one’s CV
  • Become an entrepreneur or start your own business

Key MBA Career Benefits

Career Paths with MBA

What can you do with an MBA? With an MBA, you can:

Increase your salary

According to the Graduate Management Admissions Council, the company that developed the GMATTM exam, 38 percent of applicants seek a business degree to increase their wages.

The average MBA salary varies by region and school. Stanford MBA graduates earn the highest average MBA salary in the world within three years of graduation, exceeding US$222k.

You can make a good living outside the US with an MBA. IIM Ahmedabad graduates in India may anticipate making around US$192K in three years, whereas INSEAD MBA grads typically make about US$188K.

Accelerate your career

An MBA is a sure way to secure your career acceleration. The authority and prestige of the degree help graduates rise to management and leadership positions. Thirty-five percent of mba.com registrants say getting a higher place is behind their motivation for applying.

Promotion can come with a higher salary, and it’s an opportunity to gain more responsibility and independence in your work. By advancing to management positions, you can also use the interpersonal and leadership skills you gain from your MBA.

Change career path

Many MBA students are career changers who want to utilize their degrees to enter a new field, take on a more significant responsibility, or launch a new career abroad. 30% of those who register on mba.com do so to apply to business schools to get employment abroad. Some students take the MBA “triple leap,” switching their industries, jobs, and locations simultaneously.

Abhishek Shah made the MBA triple jump into venture capital after graduating from HEC Paris—more than one in three MBA graduates do the same. “From day one, I was immersed in private equity-related activities – internships, pitch competitions, and MBA clubs. My MBA opened those doors for me,” he says.

Launch a business of your own

Do you need an MBA to start your own business? No, but it can undoubtedly be helpful. One-fourth of MBA applicants admitted to GMAC that they hope to found their own business.

Graduates with an entrepreneurial mindset may launch their enterprises with the aid of business school accelerators and incubators, and the MBA focuses on entrepreneurship.

Build your network

In your MBA class, you will meet like-minded, motivated people from all over the world. Once you graduate, this can prove invaluable. Beyond your immediate group, you’ll also tap into an extensive global network of alums who will likely offer you help or advice whenever you need it.

During the 2008 global financial crisis, Cesar Aya earned his MBA at Oxford University’s Sad Business School. He attributes his ability to handle problems and develop his career to his MBA network.

The author suggests you “take the time to introduce yourself to individuals who know you, who you are, what you’ve done, and who you may seek support from—an recommendation, a job, or someone who can invest in your concept.” Earn back your investment.

Evaluating your return on investment

Given the cost of an MBA, it is important to assess the return on investment (ROI) you will get from it.  The good news is that given the high salary you can expect to earn after an MBA, you can expect a solid return on your investment after graduation.

However, MBA ROI is more than just money. Every MBA candidate has different professional objectives. Thus each person’s ROI is unique. An MBA is a broad management degree that keeps your choices open for various professional routes while also assisting you in achieving success in your chosen direction.

What skills are MBA employers looking for?

According to survey responses from corporate recruiters, the skills most employers value in business school graduates include:

  • Strategic thinking
  • Communications
  • Versatility
  • Ability to navigate technical barriers
  • Leader

The demand for these skills will vary depending on the industry you are looking to work in and the size of your company. 2020 has also seen a shift in emphasis from employers looking for something different compared to pre-COVID-19.

For example, 2020 saw a significant shift in emphasis on the ability to navigate technological disruption, with the expectation that graduates could thrive in the increasingly digital environment created by the pandemic.

Dan Black, Global Recruiting Leader at Ernst & Young (EY), explains how recruiters increasingly value MBA talent with the disruption of the pandemic. “Transformational Leadership;  dealing with uncertainty;  being an inclusive leader;  Being comfortable with technology – these things have never been more important,” he says.

Jobs you can get with an MBA degree

Career Paths with MBA

If you’re getting an MBA or want to pursue one, consider these standard career options for MBA graduates. For the most up-to-date salary information from Indeed, click on the given links.

Accountant

      National average salary: $53,735 per year

Essential Duties: An accountant, also known as a CPA or certified public accountant (if certified), prepares financial reports for companies and individuals. They ensure all financial records are accurate and file tax returns and returns for businesses and individuals accurately and on time. They also help reduce costs, increase efficiency, and explain their findings to top-level managers and executives.

Health Center Manager

      National average salary: $62,673 per year

Primary Duties: Healthcare facility managers oversee the finances and day-to-day operations of nursing homes, hospitals, and other patient care facilities. They train staff members, follow and maintain budget reports, create work schedules, and ensure doctors can easily communicate with staff and patients. Health center managers are also known as healthcare executives or administrators. These specialists usually have an MBA with a focus on public health.

Marketing Manager

      National average salary: $63,392 per year

Essential Duties: A marketing manager creates campaigns to attract new clients and promote repeat business from current ones. Aside from forecasting demand, marketing managers also seek out new business markets.

Logistics Manager

      National average salary: $63,996 per year

Essential Duties: A transportation manager coordinates and analyzes an organization’s supply chain. Staff members must manage the entire life cycle of the company’s products, including product acquisition, delivery, and distribution.

Using global supply chain management, businesses may boost their revenues. With facilities and suppliers spread across many continents, many multinational firms require expertise to maintain a good supply chain. Most logistics managers have an MBA focusing on operations and supply chain management.

Sales Manager

      National average salary: $64,531 per year

Primary Duties: Sales or marketing managers look for and suggest methods to enhance sales processes. They develop promotions and sales, establish quotas, coach salespeople, and choose the proper commissions for sales employees. Sales managers research consumer trends to forecast requirements and preferences and suggest the best new markets.

For instance, a sales manager for a family restaurant could advise executives to locate their following site as near as feasible to the neighborhood school. In this approach, families will regularly pass billboards advertising current offers as they go to and from school. Sales managers typically have an MBA with a focus on marketing.

Mentor

      National average salary: $66,103 per year

Essential Duties: Consultants, usually referred to as management consultants, management analysts, or business consultants, provide businesses that are striving to implement new procedures or processes or are dealing with new difficulties access to their professional experience. They seek to increase productivity and profitability while making long-term plans for changes like new regulations or changes in the demography of their clientele.

They can boost worker productivity and provide CEOs, CFOs, and other leaders with expert counsel. Companies that provide this role frequently collaborate on projects or contracts with several clients. Many consultants focus on a single sector, such as transportation, retail sales, or healthcare.

Investment banker

      National average salary: $67,538 per year

Primary Duties: Investment bankers issue loans or sell shares in companies. They help clients with mergers and acquisitions and advise on investment opportunities such as derivatives.

Business Operations Manager

      National average salary: $67,782 per year

Primary Duties: A Business Operations Manager efficiently manages global supply chains while reducing costs. Chief operating officers, often known as COOs or directors of operations, oversee marketing activities, manage stock losses, manage financial policies, produce financial reports, and work with others to

develop corporate budgets.

HR Manager

      National average salary: $70,628 per year

Essential Duties: A human resource manager plans, directs, and coordinates all administrative roles in a company. They are responsible for recruiting, interviewing, and hiring new staff and work with executives to create long-term hiring plans. They mediate disputes between employees and handle disciplinary procedures when necessary.

Budget Analyst

      National average salary: $71,213 per year

Essential Duties: A budget analyst helps businesses and non-profit organizations manage their finances. Budget analysts often prepare budget reports, monitor organizational expenditures, and evaluate quarterly or annual budget proposals.

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