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Each student, be it before or during their studies, wonders about the opportunities and where their study program will take them upon graduation. With MBA degrees, as well, you may be wondering: what can you do with an MBA degree? Is it worth it? Well, we are here to assure you that an MBA degree will open many doors for you, both in new career opportunities or higher positions in the field you are currently working in.
In this article, we will introduce you to some of the MBA jobs you will be eligible for once you earn your degree. However, before we continue with the job positions, let’s establish what exactly an MBA is first.
What Is an MBA?
MBA is an abbreviation for Master of Business Administration. This degree is technically a type of master’s degree, but is frequently referred to as a title on its own. It is designed to help students develop skills such as leadership, communication, critical thinking, and creativity, and equip them with the knowledge required in business or management job positions.
What Can You Do with an MBA
Your MBA degree will position you in lead management roles, such as project managers and chief executives.
Due to the “business” in MBA, you would expect all MBA degree jobs to be in the business field, however, there are many other industries that offer jobs for MBA graduates, such as: consulting, finance, operations, healthcare, and human resources.
Some of the most popular job positions that graduates can land after earning their MBA degree are:
Management Analyst
According to the Bureau of Labor Statistics, a management analyst is oftentimes self-employed or works for a consulting agency, to bring an outsider’s perspective to the companies they help. These professionals collect, organize, and examine financial data needed for problem solving. They are also responsible for conducting studies and evaluations to observe and understand the issues they have to advise on.
Management analyst salary
According to Glassdoor, the average salary for a management analyst in the United States is $80,096 per year. The highest salary, typically in senior-level positions, stands at $127,119 per year, whereas the lowest is $50,468 per year.
Policy Analyst
A policy analyst is responsible for implementing the policies, programs, and strategies necessary to support a company. They have to collect and share information related to any ethical, legal, or political problems the company has, as well as help through advising the senior management.
Policy analyst salary
The average salary for a policy analyst in the United States is $80,096 per year. The highest salary is recorded to be $104,818 per year, whereas the lowest is $44,610 per year.
Marketing Manager
A marketing manager plans the marketing activities and strategies of an organization in order to meet the customer’s needs, as well as help to increase the company’s revenue. They are responsible for doing market research which then helps in the development of new products or services. Marketing managers also have to analyze and report on marketing campaigns and sales to ensure the goals of the company are met.
Marketing Manager salary
The average salary for a marketing manager in the United States is $102,496 per year. The highest salary is $164,479 per year, whereas the lowest is $59,572 per year.
Investment Banker
An investment banker helps the company raise money by developing various types of financial models that value debt and selling equity. They have to perform business valuation, research and analyze the documentation of any live transactions the company conducts, as well as to conduct due diligence before any contract is signed.
Investment banker salary
The average salary for an investment banker in the United States is $119,335 per year. The highest salary stands at $237,683 per year, whereas the lowest is $59,916 per year.
Financial Advisor
A financial advisor is a professional who provides financial advice and assesses an individual’s or company’s financial situation. They can help people plan for their retirement and handle inheritance, among other things. They also help companies reach their financial goals, reduce unnecessary expenses, deal with debts, and other financial tasks.
Financial advisor salary
The average salary for a financial advisor in the United States is $57,676 per year. The highest salary for this role is $110,704 per year, whereas the lowest is $30,049 per year.
Business Intelligence Analyst
A business intelligence analyst is responsible for analyzing data to identify trends and business insight, and then use that information to spot areas of opportunity for the company’s improvement or to think of solutions for any problems they face. They have to continuously update the organization’s databases, analyze their competitors, and explore ways to reduce unnecessary expenses.
Business intelligence analyst salary
The average salary for a business intelligence analyst in the United States is $84,408 per year. The highest-earning business intelligence analysts earn $118,624 per year, whereas the lowest salary is $60,062 per year.
Project Manager
The role of a project manager is a necessity for a large number of organizations. They are responsible for the planning and management of projects within a company. Their duties involve defining the scope of the project, dealing with budget planning, managing the resources, and ensuring everything is on schedule and documented, among other tasks.
Project Manager salary
The average salary for a project manager in the United States is $87,702 per year. The highest salary is recorded to be $136,211 per year, whereas the lowest is $56,468 per year.
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Human Resources Manager
A human resource manager supervises the human resources (HR) department and plans and evaluates various policies and programs within the department. They are responsible for many things, including evaluating the recruiting process, managing employee benefit programs, and ensuring a good relationship between the management and employees.
Human resources manager salary
The average salary for a human resources manager in the United States is $79,927 per year. The highest salary for this role is $125,564 per year, whereas the lowest stands at $50,877 per year.
Health Center Manager
Health center managers are responsible for supervising the performance of a healthcare facility. They must impose the health and safety guidelines upon the staff and coordinate patient care plans. In some cases, they have to deal with recruiting and training the staff as well.
Health center manager salary
The average salary for a health center manager in the United States is $73,782 per year. The highest salary stands at $117,701 per year, whereas the lowest is $46,251 per year.
Budget Analyst
A budget analyst helps companies develop a budget and then analyzes it to determine how the company should allocate its funds. They continuously observe the spendings and savings of the company, in order to ensure they are within budget.
Budget analyst salary
The average salary for a budget analyst in the United States is $66,465 per year. The highest salary for budget analysts is $93,808 per year, whereas the lowest is $47,092 per year.
Healthcare Administrator
Healthcare administrators manage the procedures within a healthcare facility. They oversee the record-keeping and financial statements of a department or entire facility, as well as set budgets. They are responsible for ensuring the facility complies with all health laws and regulations, together with creating and applying new methods to improve the patients’ treatment and experience.
Healthcare administrator salary
The average salary for a healthcare administrator in the United States is $74,198 per year. The highest salary for this role is $130,389 per year, whereas the lowest is $42,298 per year.
Chief Financial Officer
This is another role that is responsible for dealing with the finances of a company. The chief financial officer is a senior role, whose duties include directing the accounting department, overseeing the preparation of financial reports, and helping to create financial forecasts to predict future growth. At times, they also provide advice and recommendations to the chief executive officer and other executive and management team members.
Chief financial officer salary
The average salary for a chief financial officer in the United States is $164,559 per year. The highest salary is recorded to be $316,747 per year, whereas the lowest is $85,493 per year.
Chief Executive Officer
As the highest-ranking executive manager in the company, chief executive officers (CEO) have many responsibilities. They have to make important corporate decisions and provide strategic and financial leadership among other duties. They work closely with the Board of Directors and act as a link between them, the employees, and the public.
Chief executive officer salary
The average salary for a chief executive officer in the United States is $176,400 per year. The highest salary for this role is $411,224 per year, whereas the lowest is $75,669 per year.
This was our list of the best MBA jobs you can pursue after graduating. Hopefully, the variety of career options we provided will help you make a decision on pursuing this degree, or if you already are doing so, then rest assured that you have made an excellent choice.