What potential jobs for MBA graduates are out there after graduation? Are you an outgoing person who loves being around other people or do you prefer working alone? Do you enjoy being part of a team or are you looking forward to independent consulting? With your MBA and a little planning, you could find one of the MBA career options that’s right for you.
Since it is important to look towards your future, here are some possible MBA job options you may want to consider. While certain careers with an MBA may be more popular, there are specialized MBA careers for grads that could be exciting employment options, too. When it comes to careers with an MBA, the choice is yours!
Jobs for MBA Graduates May Include:
Financial analysts help individuals and companies make investment decisions. They may view stocks and bonds to see how well they perform before giving investment direction.
Career requirements: A Bachelor’s is the minimum degree requirement while an MBA is often necessary. Also knowledge of risk management, options pricing, and bond valuation is important. The Financial Industry Regulatory Authority is the primary licensing board that requires licenses for financial analyst positions. Since employer sponsorship is usually necessary, companies do not anticipate job applicants to have their licenses prior to beginning their jobs.I
Top executives oversee an organization’s activities and direct operations. They may come up with policies to ensure companies meet their goals and appoint department heads.
Career requirements: Most top executives of big organizations have MBAs. Experience is earned by moving up through a firm into managerial positions giving you multiple MBA career options. Extensive managerial experience is necessary and often in an organization’s specialty area. To earn the Certified Manager (CM) credential, you must pass 3 exams and meet education and experience requirements. While certification might not be mandatory, it could give career applicants a competitive edge.II
Stockbrokers conduct trades, connect buyers and sellers, and sell securities. They advise companies who are searching for investors. They are typically detail oriented with strong math skills.
Career requirements: A Bachelor’s is needed for entry-level while an MBA degree is useful for potential advancement. Attending training seminars and conferences is common in order to keep up with new services and products. Brokers must register with the Financial Industry Regulatory Authority (FINRA) and pass a series of exams to obtain their licenses. Brokers may also earn the Chartered Financial Analyst (CFA) certification by passing 3 exams, have a Bachelor’s or 4 years relevant work experience, and complete hundreds of hours of study.III
Financial mangers may work in industries like banking or insurance. They oversee the financial health of organizations and plan for long-term financial goals as well as create financial reports.
Career requirements: A Bachelor’s plus 5 or more years in another business or financial occupation. Today, more employers are seeking candidates with a Master’s or MBA. With a Bachelor’s, 4 years work experience, and passing 3 exams, the Chartered Financial Analyst (CFA) certification may be earned. The Certified Treasury Professional credential may be awarded if you pass a test and have 2 years relevant experience.IV
Human Resources Managers
Human resource managers are in charge of the administrative functions of a company. They hire, recruit, and interview staff as well as serve as a liaison between management and employees.
Career requirements: While a Bachelor’s degree may be sufficient for some jobs, an MBA Degree is typically needed for higher-level careers. Related work experience in terms of leading and managing others is usually required. While certification may be voluntary, other positions require it. The International Foundation of Employee Benefit Plans and the Society for Human Resource Management are two professional certifications that may be earned.V
MBA Career Specialties
Medical management is a business specialty that involves directing, coordinating, and planning healthcare services. Medical managers might be in charge of a specific department or direct an entire medical practice.
Career requirements: A Bachelor’s degree is necessary for entry-level while a Master’s or MBA is common. It is best to have a Bachelor’s in health administration and graduate programs that include a year of supervised administrative experience.VI
IT Systems Manager
Determining the information technology goals of an organization, implementing computer systems, and directing computer-related activities are some of an IT Systems manager’s tasks. They also analyze project costs and learn new ways to upgrade existing computer systems.
Career requirements: Usually a Bachelor’s in Computer Science is needed and many companies require employees to have MBAs. Several years experience working in the field is a common requirement and directors may need 5-10 years of related working experience. CTOs or Chief Technology Officers might require 15+ years in an IT field prior to their careers as CTOs.VII
As a development manager, you could be in charge of training and development specialists while coordinating programs to make the most of employees’ skills. You might create a training budget and ensure training programs are current.
Career requirements: Bachelor’s are generally required for entry-level slots while Master’s or MBAs are often preferred or required for managerial positions. A background in computer science may be helpful as technology in training becomes more prevalent. Depending on your employer, certification may or may not be necessary. The American Society for Training and Development and International Society for Performance Improvement offer certification and training programs.VIII
Want to start your own business?
If entrepreneurship appeals to you, you may find starting your own business a satisfying way to choose one from many possible MBA careers. Earning an MBA in Entrepreneurship could be your first step. In addition to networking opportunities while in graduate school (think future partners), you could also build a future customer base.
While an MBA doesn’t guarantee instant success, it could provide a solid foundation for your business and give you an edge since you have already learned fundamentals like human resources, marketing, accounting, sales, and finance. Other people may have the entrepreneurial drive but no MBA. Therefore, they probably have to learn everything you did while you were in school prior to jumpstarting their business.
While building your own business may seem overwhelming in the beginning, here are 3 tips that could help you be successful:
- Save. Having enough of a cushion in the bank could be one of the most important tips prior to starting your own business—at least a year’s worth in savings before diving in. Remember, you may not be giving up just a salary—benefits like a pension, retirement fund, and medical coverage could be included as well.
- Research. You may have a fantastic idea but no knowledge of making it into a reality. Spend the time researching your idea and the resources you’ll need before investing. Sometimes, enrolling in an online course like social media marketing or search engine optimization (SEO) could be useful to give you confidence.
- Strategy. A business strategy typically entails creating a mission statement—which is a few sentences long— that spells out your business philosophy and goals. Other important factors could be understanding what your product or service is, who your investors will be, your target demographic, and your budget. Laying out a timeline may be helpful, too.