Top Ten Career Options For MBA Graduates
Category : GMAT
Getting an MBA overseas from a reputed institution is a solid investment for your future. It is a sure-shot way to help advance your career with good paying jobs in a highly competitive job market.
Latest employment trends
There has been a shift from finance and consulting which used to be the hot sectors for MBA graduates in the past to jobs in operations, marketing and analytics today. Companies are increasingly filling in marketing and technology positions with employees who have MBAs.
An increasing number of MBA graduates are gravitating towards the technology and products & services industry according to the B-School Alumni Employment Report Alumni Perspectives Survey of 2018.
According to the study, MBA graduates from premier institutes are filling in mostly mid-level to senior and executive-level jobs in an organization. The roles that the current MBA graduates are filling in are:
Marketing & Sales – 20 %
Finance & Accounting – 20%
General Management – 18%
Operations & Logistics – 13%
Ten hot jobs for MBA Graduates
The sky is the limit for an MBA graduate.
There is a lot that you can do with your versatile and valuable MBA degree. It can take you in any direction that you want based on your interests, career goals, and aspirations.
Let’s take a look at the top ten career paths and job opportunities that you can explore after getting your MBA degree.
1. Business Operations Manager
If you are a “jack of all trades,” this is the job for you. You will be working under a big umbrella of diverse responsibilities to help companies reach their business goals.
Your job will significantly vary depending on the company and the role of the CEO.
Typically, you will be overseeing the daily business operations, coordination between various departments, policy creation, budgeting, hiring, marketing, and negotiating contracts.
You will need to show a great deal of flexibility and multitasking for this role. You will need to have the ability to work with all kinds of people, strong quantitative skills, ability to initiate and implement major projects, have a basic understanding of the supply chain.
You will need to focus on improving the existing processes and studying logistics.
2. Marketing or Sales Manager
Marketing & Sales is a promising field for MBA graduates.
As the Marketing Manager, you will oversee the planning and execution of the strategic marketing plan to help companies grow and increase revenue. You will identify and maintain the company’s competitive advantage. You will research and evaluate customer demand, market trends, launch marketing campaigns, analyze the performance of the campaigns to make improvements, develop pricing strategies, manage budgets, identify new opportunities, expand into new markets, create more brand awareness, get new clients, and bring in sales.
If you are great with closing deals and have leadership skills, you should consider the job of a Sales Manager. As the Sales Manager, you will set sales goals, evaluate market and identify ways to meet consumer demands, and boost sales. You will create new sales promotions and develop training programs.
When you are in the sales and marketing field, having a solid background in business studies is critical for developing effective growth strategies. The MBA program is perfect for you.
3. Analytics Manager
There is a massive demand for Analytics roles and jobs in Big Data. Big Data is a relatively new field with a high scope.
As an Analytics manager, you will collect data relevant to your field, and utilize information to improve business practices and the company’s bottom line. You will analyze financial and market trends, issues and figure out the best solutions.
You need to have strong leadership, technical, business, risk management, and problem-solving skills for this role.
4. Financial Manager/ Investment Banker/ Venture Capitalist/ Financial Advisor
If you have a sharp financial aptitude, you should consider this field. You could be a Financial Manager Investment Banker, Venture Capitalist, or Financial Advisor.
As a financial manager, you oversee accounts and transactions, help companies create financial policies and budgets and meet financial goals.
As a financial advisor, you work with clients to help them make the right financial decisions. The financial advisor was listed as the fourth best job in business by U.S. News & World Report.
As an Investment Banker, you provide sound investment advice to help companies raise profits by determining its financial health and developing strategies and financial models. You help companies invest and grow their capital with smart purchasing of debt and equity.
As Venture Capitalist, you provide technical advice to companies about which startup to invest.
5. Product Manager / IT Director
This role might apply to products from any industry. But in MBA jobs, it is dominated by the technology sector.
A natural progression for techies after their MBA to move into managerial position in top tech companies as it calls for a combination of technical and managerial skills.
As an IT director, you develop and implement the strategy for your company’s IT department. You ensure the optimal utilization of the company’s technical resources and its effectiveness in achieving all the business targets.
6. Management Consultant
This job is ideal if you are looking for a flexible career path with high earning potential.
As a Management Consultant, you are the corporate problem solver. You know the company inside-out, provide focused direction, and help solve their current business challenges to improve efficiency and profit.
You work closely with the C-Suite level (Chief operations officers, Chief executive officers, and Chief financial officers).
7. Human Resource Manager
If you have excellent people skills, this is one field you should consider this job.
As Human Resource managers, you are indispensable as you manage the most important resource of all: people. You should have strong management, analytical, communication, interpersonal and presentation skills.
You understand the value that human performance brings to the business’ results.
8. Health Services Manager
There is immense scope in the rapidly transforming healthcare industry where the focus is on providing quality care and lowering costs.
As Health Services Manager, you plan, direct, coordinate and direct health and medical services of the entire facility or a specific department. You have the critical responsibility of organizing, leading, and coordinating patient care operations.
You need an MBA degree with a concentration in health services management and finance.
If you are socially responsible and keen to join the nonprofit sector, you should consider fundraising.
As a fundraiser, you will leverage your financial expertise to help support organizations that provide valuable services around the globe.
You can also work as a volunteer with a nonprofit organization while studying for an MBA.
Nearly 80% of the people globally pursue an MBA with the hope of becoming an entrepreneur according to latest studies.
Entrepreneurship is a popular career option among MBA grads. The freedom to start your dream business venture or continue the legacy of an existing business and take it to newer heights is attractive to many young, bright minds.
Getting an MBA abroad helps you prepare for a career with increased earning potential and career advancement opportunities in your industry of choice — finance, technology, healthcare, nonprofit, technology, or any other field that require specialized business expertise.
Aristotle rightly said, “Pleasure in the job puts perfection in work”. We have listed some possible career options for you after your MBA. It is time for you to introspect what your strengths, career aspirations and goals are.
Only when your passion meets its purpose, any work will be a thing of joy that lasts forever. Success follows automatically goes without saying.
Want more information? Talk to our career counselors to learn how Manhattan Review can help you about getting an MBA overseas that fits your career goals in your field of choice.