Seven Hottest Career Choices for MBA Grads

There are many lucrative opportunities out there for you after earning an MBA degree. Remember, as lucrative as they may be, each has its requirements and responsibilities. What makes an MBA special is that it equips you with all the important business and leadership abilities required to thrive in this challenging world.

Today’s fast-paced corporate world requires you to be on top of your organizational and management skills to have a global business career. And to stand head-to-head with the competition, you must follow the latest business and economic trends to flourish in your international business career.

Compared to other fields, these options offer better salaries, job satisfaction, career growth opportunities, and flexible working hours. The U.S. Bureau of Labor Statistics declares employment opportunities for MBA graduates are expected to increase by 8% from 2021 to 2031. And as of 2021, the median starting salary of MBA hires was $115,000.

With that in mind, this article will showcase the seven hottest career choices if you’re an MBA grad!

1. Global Manager

If you earned an MBA and looking for something that guarantees an excellent salary, then global management may be right up your alley. As the international expansion in the global economy has changed, expertise in global leadership is in demand more than ever because it is essential for growth in emerging and expanding markets.

An MGM is an excellent degree if you’re seeking growth in conglomerates. In this evolving e-learning era, you can now opt for a masters in global management to learn how to manage businesses across local borders. It enhances essential business skills and allows you to work with different disciplines, ethics, and cultures.

A global manager is responsible for an organization’s overall performance and for managing employees within their teams. You must ensure that everyone is working together towards common goals while having enough autonomy to take the necessary initiatives.

The median salary for a global manager is $109,328-$158,373.

2. Financial Manager

Financial managers are responsible for managing the financial resources of a company. Their primary duties include budgeting, accounting, tax management, and financial planning.

As a financial manager, you must produce accurate financial reports and information. At the same time, you will maintain cash flow statements, direct investments, and advise on financial decisions. Holistically, you will oversee all the operations in the finance department of an organization to ensure that company goals are met.

According to the BLS, the annual salary of a Financial Manager is $131,710.

3. Human Resource Manager

A human resource manager ensures that the company has a healthy and happy workforce. As an H.R. Manager, you oversee hiring employees, developing employee benefits, training employees, and managing the company’s payroll.

You work with employees to set goals, monitor performance metrics, and evaluate employees’ needs for development. In addition, you manage benefits programs such as healthcare coverage or retirement plans.

According to BLS, the annual salary of a Human Resource Manager is $126,230.

4. T. Manager

If you are passionate about technology and enjoy working with computers, you may want to consider a career as an I.T. manager.

I.T. managers are responsible for maintaining a company’s information technology infrastructure. Your duties include overseeing the installation and maintenance of computer systems, managing networks, and developing innovative technologies. You also collaborate with vendors to ensure that your systems are up-to-date and secure.

I.T. managers can get their start as software developers before moving into this role at some point in their career path.

An MBA degree gives you the skills necessary for this position; it will provide you with an edge over other candidates because there are not many MBAs who know how to run large businesses on top of being able to install software efficiently!

According to BLS, the annual salary of an I.T. Manager is $159,010.

5. Medical and Health Services Manager

Medical and health services managers are responsible for delivering health care to patients, employees, and community members.

As a medical and health services manager, you’ll oversee all aspects of a facility—from scheduling appointments to ensuring patient records are maintained safely and securely. In addition, you must be able to communicate with other departments within their organization and coordinate with outside agencies when necessary.

You also need persuasive communication skills as you interact with diverse groups within an organization: physicians, nurses; other healthcare professionals; patients, etc.

You should also possess good organizational skills to manage multiple projects at once.

According to the BLS, the annual salary of a Health Services Manager is $101,340.

6. Investment Banker

As an investment banker, you will help companies raise money by issuing stocks, bonds, or other securities. You will also be tasked to manage company finances and conduct an extensive risk analysis. Some investment bankers are also involved with mergers and acquisitions (M&A).

The job also entails you to to develop relationships with trading partners around the world to maximize profits from your investments. Investment bankers typically work in teams across multiple departments within large organizations.

According to the BLS, the annual salary of an Investment Banker is $103,020.

7. Marketing Manager

Suppose you are interested in marketing and want to collaborate with a company with a reputation for being innovative and creative. In that case, the marketing manager position may be right for you.

Marketing managers are responsible for planning and implementing strategies that promote the products or services of a company. As a marketing manager, you will also manage the budgeting process, direct advertising campaigns, and analyze data from various sources to develop marketing plans.

This job also requires developing well-researched marketing strategies to increase sales, market share, or brand awareness of the product/service being sold by the organization.

Marketing managers also develop plans to reach specific target audiences through advertising campaigns and promotions on television stations or radio stations, in addition to print media.

According to the BLS, the annual salary of a Marketing Manager is $133,380.

Conclusion

The business world is dynamic, where adopting only the latest trends guarantee professional growth. Graduates thinking about a job should consider a career path that highlights their skills and expertise.

In this scenario, an MBA is an excellent degree that allows you to grow your academic and professional standing. If you have earned an MBA, you have many career choices available. If you have learned anything from this article, please tell us in the comments box below.