Higher education is undoubtedly the best way to develop the transferable skills to succeed in business. Holders of business degrees can acquire information and valuable skills that enable them to make a good impact in the corporate sector. Candidates can pursue various business degrees, with a bachelor’s followed by a master’s being a frequent educational pathway.
Subjects, including management, finance, accounting, and entrepreneurship, are typically covered in business degrees. These subjects are the best way to demonstrate the multifaceted nature of a business degree and the essential elements needed to operate a successful organization.
Since business professionals are the ones who ensure that corporate operations operate as smoothly as possible, nearly every employer seeks to hire people with an MBA. An MBA (master of business administration) typically lasts around two or three years, depending on the program and sub-field.
That said, the best part about obtaining an MBA is the plethora of employment opportunities available in different industries. So, with that in mind, here are a few career choices you can go far after getting an MBA degree.
Multinational Marketing Manager
Many recent business school graduates continue to have a strong preference for the position of marketing manager. This is because businesses have now transformed their company operations to operate globally to take advantage of ongoing growth prospects. That means that global marketing managers must keep an eye on market developments abroad, run successful advertising campaigns there, and uphold the reputations of corporate products.
That said, to work as a Global marketing manager, individuals must first obtain a bachelor’s in marketing, followed by a campus-based or an online masters in global management to assume a higher position.
According to PayScale, the average annual salary of a marketing manager is around $97,354.
Human Resources Specialist
HR experts typically undertake crucial business-related tasks. These involve finding candidates, vetting them, and conducting interviews. Their key responsibilities include facilitating salary negotiations, assisting employees with benefits, and maintaining communication between managers, team members, and assistants. Additionally, they try to settle disputes or problems related to employees’ jobs.
A bachelor’s degree in business administration with a specialty in human resources is required to work as an HR expert. However, most reputable companies only hire individuals with an MBA in human resources.
According to the BLS, an HR specialist earns a median salary of around 62,290 dollars annually.
Information Systems Manager
Information systems managers, sometimes called IT managers, oversee, organize, and schedule business and computer-related tasks.
Other responsibilities of an information systems manager include ensuring that networks and electronic documents are secure, keeping up with computer system technological advancements, coaching the company’s IT staff, and many more.
According to PayScale, an information systems manager can earn an average annual salary of around $87,282.
Business Studies Teacher
Imparting education to college and university students about the business world is a perfect fit for MBA holders. However, you must acquire licensing and certificates to become a teacher. Once you do, you’ll take advantage of one of the noblest career choices, as you will mold tomorrow’s business leaders.
To succeed as a business teacher, individuals must call upon their knowledge in accounting, marketing, and finance. Strong interpersonal and verbal skills are also necessary to grow as a business studies teacher. After all, being a teacher is all about communicating effectively with your students.
That said, Zippia states that business studies teachers with an MBA can earn an average annual salary of around $90,680. However, the top 10thpercentile can make $199,000 while the lower 10th percentile can make $41,000 per year.
You might question the relevance of a position in the healthcare industry in a piece about careers in business. However, a healthcare administrator makes all the critical business-related decisions for a healthcare institution because they are businesses like any other.
They often are familiar with areas taught in a business degree, such as human resources, budgeting, accounting, company regulations, information technology, and ethics.
People who want to work in a healthcare facility but do not want to provide direct patient care can pursue a career as a healthcare administrator after earning an MBA. They can use their analytic, collaborative, oral and written communication, and presentation skills to enhance healthcare institutions’ operations.
What’s more, healthcare administrators also make a pretty penny. According to PayScale, the average annual salary of a healthcare administrator with an MBA degree is around 74,392 dollars.
Working as a business analyst is one of the best employment options you can pursue after earning an MBA. A business analyst works with businesses to enhance their processes, software, services, and goods. They employ data analysis to identify what is beneficial to the company and what needs to be improved.
Bridging the gap between business and IT to increase an organization’s efficiency in all business activities is a crucial component of the job. They also use algorithms to evaluate data, identify patterns, and transform information into a usable format. This enables decision-makers to make better and more informed business decisions.
Although some people might disagree, business analysts and data analysts essentially have the same duties. They both deal with data, indeed. But while business analysts use this knowledge to make strategic business decisions, data analysts transform raw data into a form that can be easily ingested. You earn an average annual salary of between $48,000 and $84,00 while working as a business analyst.
According to indeed.com, business analysts earn an average annual salary of around $82,972 with an average yearly cash bonus of $3,500. On the other hand, if you have more than ten years of experience, you can easily earn $92,958 per year.
Like any business degree, an MBA requires a lot of commitment, effort, and time. Of course, obtaining a job in a market with millions of business degree holders can be challenging. But once you do, you’ll be ready for a professional path with countless opportunities once you’ve finished it.
Ultimately, you must persevere and look for a position that allows you to use your skills in a work environment that suits you the best.