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Students who decide to earn an MBA find that the degree is an extremely practical one after graduation. A Master of Business Administration is applicable in almost any industry, so graduates find enormous versatility when it comes to career options.
Additionally, the real-world experience students gain while earning an MBA makes the student-to-professional transition smoother than many alternative degree options. MBA programs require coursework in a wide array of subjects like management, accounting and finance. Students study global economics, operations and technology management, business ethics and organizational leadership. This combination of technical and interpersonal study helps students develop leadership skills and gives them broad knowledge of how to help an organization function well.
MBA grads can pursue careers in professional fields like the following.
Possible job titles MBA graduates might hold include:
The professional job market consistently needs business-savvy, qualified candidates, and thus MBA graduates can consider a number of careers. Business principles can be applied in any career — another added value for those with MBA degrees.
Hiring managers and CEOs want to hire MBA grads because they have the skills necessary to solve problems. MBA grads can be assigned to a wide array of projects and excel, while graduates of other, more narrowly focused degree programs may be limited to one area or another. MBA graduates know how to communicate, and they value the importance of interpersonal communication. Their studies teach them to not only consider a problem, analyze and solve it, but also to flip it on its head so it can make money for their employer.
While salaries vary depending on geographical region, amount of job experience, the size of an employer and other factors, the Bureau of Labor Statistics estimates that the median annual wage for typical business and finance occupations ranges from $46,840 to $81,960. Interested students should recognize that this includes professions they may not have considered, like event planners and loan officers.