If you’re here, perhaps you’re considering to do an MBA. The demand for MBA graduates has stayed consistently high in the past decade. MBA opens several job opportunities. It makes sense as MBA is a wholly professional degree, aimed to equip candidates with skills that can be put to use to manage a business.
After graduating from a business school, you’re prepared to enter the industry and take leadership positions. Below we have listed some prominent roles for which employers hire business school graduates. All projected growth rates corresponding to job roles are according to the U.S Bureau of Labor Statistics.
1.Chief Technology Officer
Tech start-ups are increasing in number and legacy companies are moving undergoing digital transformation. Companies need someone who can oversee technology aspect of operations. Plus, involve in research and development to add strategic value to company. MBA grads with previous experience in technology are preferred candidates for this role. Team management is
If you have an MBA concentrated in information management system, you will likely have more chances to best the role of a chief technology officer. This role is expected to grow at 15% between 2014 and 2024.
2. Business Strategists
Industry around the world is undergoing frequent ups and downs. Conglomerates and mid-sized companies want to hire MBA graduates who can oversee business strategy and suggest appropriate changes as and when required. Employers prefer to hire business graduates with strong analytical and strategic mindset for this role. An MBA in business strategy is sometimes mandatory to interview for this role. Prior experience in a business management, development, strategic management and related discipline is highly preferred among employers.
According to the U.S Bureau of Labor Statistics, the number of jobs related to business strategy are expected to increase at 6% annually between 2014 and 2024.
3. Financial manager
Finance is a vital business function. From payroll, taxation, to corporate finance, a business has several layers of finance all working in coordination to deliver frictionless experience to stakeholders. Companies hire MBA grads as finance mangers to oversee finance function of their business. To excel in this role, you will need a strong command for business finance.
You will need an MBA in finance to get in this role. Number of jobs for this role are expected to grow at 7% annually between 2014 and 2024.
4. Management consultant
Management consulting firms hire MBA grads as consultant to help large organizations, government organizations, and institutions to solve their management solves with the intent to stay competitive. Consultants play a proactive role in helping organizations to reduce their production cost, improve productivity, maximize productivity, and increase efficiency. They work directly with chief executive officers, chief financial officers, and chief operations officers to solve their management problems.
You will need an MBA in business management along with previous work experience in a management role. Management consultant roles are expected to increase at 14% in the period between 2014 and 2024.
After a few years of experience, management consultants often become business strategy professionals.
5. Investment banker
Large investment banks hire business graduates that have performed at the top of their class as investment bankers, who advice their clients on how to raise money in capital market. They also spear head mergers and acquisitions. IPO (Initial Public Offering), which is taking a company public and get them listed on stock exchanges is the highlight of their work.
To perform get into this role, you will need an MBA focused in finance and relevant work experience like an internship at a bulge-bracket investment bank like Goldman Sachs. Jobs in the investment industry are projected to grow at 14% annually from 2014 to 2024.
6. Marketing manager
The responsibility of a marketing manager is to generate leads and increase customers for their business. They research demands, conduct surveys, create marketing campaigns, analyze competition, and craft ways to sustain company’s competitive edge.
Marketing manager jobs are projected to grow at 9% till 2024. If you’re particularly fond of this role, opting for MBA in marketing is the best option. Employers however are open to hiring any MBA graduate who has an interest and is capable of delivering up to expectations.
So there you have them – five prominent roles that you can opt for after MBA.