Apply

The 10 Best Jobs for MBA Graduates

 

Looking for jobs for MBA graduates? We have a top 10 list for you!

So you’re thinking of doing an MBA, or maybe you’re earning your degree now and are looking out for jobs once you graduate. Either way, you’re on the right path. MBAs are very popular, which means there are going to be many jobs and opportunities to choose from. The beauty of an MBA is that it’s so versatile — you can apply it to many different career paths. Let’s go through the ten best jobs for MBA graduates.

 

 

How to Get Started With an MBA

Do you want to get an MBA? The good news is that you have tons of options. On campus, online, or tuition-free are some things that divide the large pool of available MBA degrees.

 

 

On Campus:

 

If you think choosing an on-campus MBA is right for you, you have lots of choices available. TopMBA and TopUniversities have great lists for the best MBA programs in the world, updated for 2019. And remember, it’s important to look at all the features: cost of tuition, scholarships available, accreditation, and length of the program. Picking the best option for you can make a huge difference in how you continue on after you graduate.

 

 

Online:

 

Online MBAs are more available than ever before. University of the People offers an online tuition-free MBA program for students around the world. Tuition is at no cost, but there is a fee of $2,400 to sit in all the 12 required exams. You can also see how to find the world’s cheapest online MBA by clicking here. Other than tuition-free options, there are also more affordable choices as well as scholarships to apply to. We also have a list of the best online MBA programs.

 

 

Careers for People With an MBA

Essentially, an MBA prepares you with the skills you need to manage a business. And it leaves you with ample opportunities when it comes to choosing a career path. Generally, an MBA graduate can venture out into banking and finance, entrepreneurship, human resources, and so much more.

 

Considering the wide variety of career choices, we’ll go through the most popular and in-demand jobs that MBA graduates are qualified for.

 

 

Most Popular MBA Jobs

 

The US & World News Report has a list of “hot jobs.” Among the top hot jobs are Business Operations Manager, Market Manager, Operations Research Analyst, and Management Analyst. To give you an idea of why they’re considered “hot”, the unemployment rates for each are 1.7%, 2.8%, 3.3%, and 3.9% respectively. Those are pretty good numbers.

 

 

The Most In-Demand MBA Jobs

 

According to the AIMS Institutes, the fields that are craving MBA graduates are banking and finance, consulting, marketing, and manufacturing and technology. When it comes to actual career titles, the most in-demand jobs tend to be:

  • Financial Advisor
  • Management Analyst
  • Investment Banker
  • Finance Manager
  • Information Technology Manager
  • Marketing Manager
  • HR Manager
  • Business Consultant

Don’t forget to check out our article on what no one tells you about jobs for MBA graduates. It goes through everything you need to know in general. Now, let’s go through some steps on how to search for jobs that you can get with an MBA.

 

 

Steps to Prepare For Your Job Search

You don’t have to wait until you graduate to start the job search process. The best bet is to start while you’re studying. And one way is through an executive recruiting agency. Firms hire these agencies to recruit qualified candidates. A few steps are involved:

 

 

1. Create an “executive” format resume.

 

Ask alumni that have been working for a few years already to see their resumes. Theirs are going to look different than your graduate/candidate resume.

 

 

2. Create relationships with these recruiting agencies.

 

Ask your peers from your graduate school or other graduate schools for recruiting agency recommendations. The earlier you contact them, the better they will get to know you and have something to offer you when you’re ready to start a job.

 

 

3. Create a network.

 

This involves both the recruiting agency as well as your own network from the school you’re at (or went to) and peers in the industry. The more people you know, the better.

 

 

Aside from the industry-related method of job searching, there’s also the good old method of job search engines. Indeed and Glassdoor are great search engines to use when looking for jobs and see what their respective salaries are.

 

 

Entry-Level Jobs and Salaries

There are jobs that tend to be popular among recent MBA graduates, and finding those jobs come easier than the more experienced professions. Some of the popular entry-level MBA jobs are:

 

 

Source: Pexels

 

 

Accountant

 

The average yearly salary for accountants as of 2016 was $68,150. Within the accounting field, there are many positions, such as Tax Analyst, Tax Manager, and Accounting Manager.

 

 

Medical and Health Services Manager

 

Those who start at the entry level can earn an average salary of $56,000 per year, as of May 2016. Within this field are positions in Healthcare Management, Nursing Administration, and Hospital Management.

 

 

Financial Manager

 

Entry-level employees earn a median salary of $65,000, as of 2016. Within financial management, there are many career options, such as Finance Analyst, Investment Analyst, and Budget Analyst.

 

 

Business Operations Manager

 

People in this profession earn, on average, $99,000 per year. Business Operations also has a lot of options within the industry: Logistics Analyst, Director of Operations, and Purchasing Manager to name a few.

 

 

Highest-Paying MBA Careers

Before we get to the actual list of the top 10 MBA jobs, you might be curious to know which careers are the highest paying. Here are some examples:

 

 

Investment Banker

 

Although salary depends on many factors like location, company size and experience, the average salary is $450,000 per year.

 

 

Chief Technology Officer

 

Salaries can range from $300,000 to $400,000 per year.

 

 

Financial Manager

 

Salaries can range from $71,000 to $133,000 on average per year.

 

 

Chief Executive Offer

 

CEOs have an average annual salary of $160,440.

 

 

The Top 10 Jobs for MBA Graduates

We searched for the best MBA careers and compiled a list of the best of the best. Here are the top 10 jobs for MBA graduates.

 

 

1. Marketing Manager

 

Marketing managers sell a company’s products, develop pricing strategies, and manage budgets. They also get new clients and aim to continue expanding the company.

 

Pros

 

Leading people, encouraging and educating others, and traveling. Potential for a lot of growth in the field.

 

Cons

 

Highly demanding, difficult to manage both leading your team and bringing in business.

 

Average Salary

 

$123,450

 

Market Outlook

 

9% projected growth from 2014-2024, which is considered faster than average for all occupations.

 

MBA Specializations Preferred

 

A specialization in marketing is preferred, but employers might look for candidates with a background in engineering or science as well.

 

 

Source: Pexels

 

 

2. Business Operations Manager

 

Business operations managers use their skills in supply chain management and operations management to overcome business challenges. The main focus is to manage the global supply chain more efficiently.

 

Pros

 

Good salary, a variety of industries to work in (trading, import/export, etc.), potential to advance.

 

Cons

 

Long hours, high pressure, competitive.

 

Average Salary

 

$99,310

 

Market Outlook

 

30% projected growth by 2024.

 

MBA Specializations Preferred

 

A focus in supply chain management is highly beneficial.

 

 

 

3. Health Services Manager

 

Health services managers ensure that companies stick to government reforms to healthcare delivery. They oversee the work of doctors, technicians, and clerical workers and make sure everything runs smoothly.

 

Pros

 

Job security, good working conditions, one of the highest-paid careers.

 

Cons

 

Long hours, demanding responsibilities, adhering to complex systems.

 

Average Salary

 

$96,500

 

Market Outlook

 

17% projected growth from 2014-2024.

 

MBA Specializations Preferred

 

A specialization in Healthcare Management or Healthcare Informatics are excellent for this field.

 

 

 

4. Financial Manager

 

Financial managers oversee a company’s financial activities and transactions. They manage cash and investment activities, create financial procedures, and deal with the budget process.

 

Pros

 

High salary, various work settings, job security.

 

Cons

 

Extensive experience needed, long hours, high stress.

 

Average Salary

 

$109,740

 

Market Outlook

 

7% projected growth from 2014-2024.

 

MBA Specializations Preferred

 

A concentration in finance will give you the best prospects.

 

 

 

Source: Pexels

 

 

5. Computer and Information Systems Manager

 

They are responsible for planning, coordinating, and directing all kinds of computer activities in different sorts of organizations. Their primary role is to help to determine the IT goals for the company and make sure the computer systems meet the company goals.

 

Pros

 

Great pay, high job growth, top position in the IT field.

 

Cons

 

Long hours, stressful, field is constantly changing (skills need to be continually updated).

 

Average Salary

 

$135,800

 

Market Outlook

 

15% projected growth from 2014-2024.

 

MBA Specializations Preferred

 

A concentration in information systems or information technology is preferred, and cyber security is also a popular area to focus on.

 

 

 

6. Investment Fund Manager

 

Investment fund managers provide financial advice and direct the investment of money for organizations and individuals. Investments are made in stock markets, real estate, and other markets.

 

Pros

 

High pay, rewarding job, ability to lead a luxurious lifestyle.

 

Cons

 

High stress (meeting deadlines, big decisions), long hours.

 

Average Salary

 

$121,750

 

Market Outlook

 

7% projected growth from 2014-2024.

 

MBA Specializations Preferred

 

An emphasis in finance is a major plus.

 

 

 

7. Chief Technology Officer

 

Chief technology officers create the technical vision of a company. They manage the technology team and oversee research and development and special projects.

 

Pros

 

High salary, ability to work in many industries and settings, job involves creative elements.

 

Cons

 

Need to anticipate and prevent problems, longer than average working hours, high responsibility.

 

Average Salary

 

$151,274

 

Market Outlook

 

15% projected growth from 2014-2024.

 

MBA Specializations Preferred

 

A specialization in leadership is definitely a good idea.

 

 

 

8. Information Technology Director

 

An IT director is responsible for the management of all information technology and computer-related services and activities in a company. The IT director determines what the IT goals are of a company and are responsible for the implementation of the computer systems needed to meet all company goals.

 

Pros

 

Good pay, high career growth, job security.

 

Cons

 

 Long and odd hours, dealing with complaints.

 

Average Salary

 

$105,812

 

Market Outlook

 

15% projected growth from 2014-2024.

 

MBA Specializations Preferred

 

A specialization in Information Technology Management will give you the skills needed.

 

 

 

9. Management Analyst/Consultant

 

Management analysts are also referred to as management consultants, and they figure out and implement ways for a company to boost their efficiencies and reduce costs.

 

Pros

 

Good salary, good market growth, high employment rate, variety of work assignments.

 

Cons

 

Long hours and tight deadlines, highly demanding, can require lots of travel.

 

Average Salary

 

$86,181

 

Market Outlook

 

14% projected growth from 2014-2004

 

MBA Specializations Preferred

 

Project management could prove a worthwhile specialization for management analysts.

 

 

 

Source: Pixabay

 

 

10. Operations Research Analyst

 

This job involves every aspect of a company. Analysts help managers decide the best way to allocate company resources, create efficient production schedules and methods, manage the supply chain effectively, and establish good price structures.

 

Pros

 

High salary, good benefits, room for growth, comfortable work environment.

 

Cons

 

Long hours, extensive skills and experience needed, high stress.

 

Average Salary

 

$82,940

 

Market Outlook

 

30% projected growth by 2024.

 

MBA Specializations Preferred

 

A concentration in supply chain management or operations management is recommended.

 

 

 

There you have it — a list of the best jobs for MBA graduates. Of course, there are so many options beyond this list. Having an MBA can really open up so many doors for your future. We wish you luck!

SEE WHAT UOPEOPLE CAN DO FOR YOU!