So many people are pursuing a career in the MBA field to come out to the world and get the best-earning jobs related to that field. People go for an MBA for the prestige that comes with it and the array of opportunities that ice the cake. There are several schools offering an MBA degree online or on campus, or both. Most people go for online MBAs because it provides flexibility, allowing them to work while enhancing their knowledge. Some of the best school programs, such as the University of North Carolina MBA online program, aim at building an entrepreneurship spirit that will revolutionize the business world.
Let’s look at some lucrative careers to pursue as an MBA graduate and make a difference in your career path.
After studying a business program, it’s only natural that the most lucrative field to enter is finance. According to the US Bureau of Labor and Statistics (BLS), a finance manager earns a median salary of around $132,000 annually as of 2021. There are many career options, such as investment analyst or financial analyst.
A financial manager is essential for any business to be successful. They are primarily hired to solve cash flow problems and look for suitable business investments for a company.
Everybody knows that sales and marketing are one of the largest and most important sectors in commerce. Every company needs to make its brand known to realize success. This is where marketing comes in. The median salary for an entry-level marketing manager is $127,000, with potential room for growth.
A marketing manager has the task of marketing a company’s products, managing the budget, and developing pricing plans. In addition, they oversee marketing strategies, predict the demand and supply of a good or service, and get new clients to invest in.
Health and Medical Service Manager
Following the COVID-19 outbreak, healthcare services faced logistical challenges that opened job opportunities for skilled managers. According to BLS, the median entry-level salary for a medical service manager is about $102,000.
Job opportunities in this field include hospital management and nursing administration. This particular position entails maintaining accurate records for a healthcare facility. It also involves maximizing quality while minimizing the cost of the business.
Business Operations Manager
A business operations manager is one of the most well-paying jobs in the MBA field. Companies are hiring operation managers to work out how to run businesses now that the pandemic is subsiding. The entry-level salary for a business operations manager was approximately $104,000 per year as of 2020.
There’s a variety of industries to work in, such as import and export, with a potential to advance. Business operations managers manage a company’s supply chain, enforce quality standards and manage deadlines.
Information Technology Manager
The technology industry has expanded rapidly over the years, especially during the pandemic. As a result, people have been forced to adapt to technology through work. This is another lucrative industry to get into with an MBA degree. The average starting salary for an information technology (IT) manager was $159,000 per year as of 2021.
An IT manager’s responsibility is to ensure the security of a company’s network by planning and directing computer projects. Their role is to determine the goals in IT and protect the company’s most essential assets against hackers. An IT manager is also relied upon to provide the best in class technology to ensure smooth operation of the business.
During the pandemic, companies had to fight for their businesses to stay afloat or sink. Following the critical conditions of companies, there has been more need than ever to hire management consultants to assess the problems and come up with solutions. The average salary for a management consultant was 93,000 per year, according to BLS in 2021.
A management consultant or analyst suggests ways for a company to boost its growth by reducing costs and increasing efficiency. This position is flexible, where a person can choose to work independently or for a company.
Anyone who chooses to follow the MBA path always makes the right decision. Companies develop daily, and existing companies always grow and need new and fresh minds. The business industry is vast, and an MBA degree can take anyone a long way with many career opportunities, to mention the few above.