An MBA degree can open doors to a broader range of exciting roles than you might expect at first glance. Who knows, it might just be the ticket to your dream job.
Network, leadership skills, and expert business knowledge; these are just some of the ways an MBA can give you the edge over other job applicants.
And employers love MBAs! An overwhelming majority of employers globally say their business school hires were primed for success, and that an MBA helped foster the skills they value the most, from data analytics to teamwork.
So which jobs most value applicants with an MBA degree?
Jobs Which Most Value An MBA
1. Management consultant
Salary: $140,000- $185,000
Top Employers: McKinsey, Boston Consulting Group (BCG), Deloitte
Top Consulting Schools: INSEAD, HEC Paris, London Business School, Harvard Business School
Management consulting firms are always on the lookout for top talent, snapping up 20% of Harvard’s MBA cohort every year, and over a third of INSEAD’s MBAs.
In management consultancy, you’ll get the chance to implement business strategies and manage projects across a broad range of fields, giving you experience in a variety of sectors. This role is all about the bigger picture, and an MBA can help broaden your horizons far beyond your industry specialty. Seeing things on this macro level often gives you the edge in creating innovative management plans.
READ: Zia Siddiqui landed a top consulting job at BCG after his MBA
2. Financial analyst
Salary: $125,000- $220,000
Top Employers: Goldman Sachs, JP Morgan, Morgan Stanley
Top Finance Schools: Wharton, NYU Stern, Harvard
The right MBA can be a perfect grounding in creating financial strategy, analysing complex data and understanding the wide-ranging needs of investors. Finance remains a popular career destination for many MBAs, with over a third of Wharton’s last cohort gaining top MBA jobs in the sector.
Financial Analyst roles focus on investing, but there is room to look at areas such as risk-management and analysing stock ratings. It’s a fast-paced, exciting sector, perfect for an ambitious MBA graduate. Did we mention the generous bonuses?
READ: 5 reasons this CFO believes an MBA will boost your finance career
3. Chief technology officer
Salary: $120,000 - $180,000
Top Employers: Amazon, Google, Microsoft
Top Tech Schools: MIT Sloan, Stanford, Haas School of Business.
As technology begins to compete with consulting and...
According to the Graduate Management Admission Council (GMAC), the top two most valuable skills to tech employers are ‘working with others’, and ‘creative problem solving’. The vast majority agreed an MBA developed such skills. In a role like chief technology officer, which involves directing and reviewing tech strategy, co-operation across teams and strategizing solutions is key.
Where are the top MBA jobs in tech? Companies hiring MBAs range from the Silicon Valley giants like Google and Facebook to exciting tech startups in need of advanced management knowledge.
CHECK OUT: How My MBA Got Me A Job At Google
4. Non-profit leader
Salary: $70,000+ (Stats from Oxford Saïd)
Top Employers: United Way, Oxfam, or even yourself!
Top Nonprofit Schools: Yale School of Management, Oxford Saïd, Geneva School of Economics
Fundraising in the third sector can be difficult in times of economic uncertainty, and organizations are often under pressure to maximise their impact with limited funds. MBA students are known for their sharp business acumen and leaderships skills, with 80% of non-profit employers agreeing an MBA prepares you well for the sector.
With largely international classrooms with students across various fields and global markets, MBA courses often result in highly creative problem solving across various social issues. Many MBA students have founded their own non-profits, championing impact-driven investments and global sustainability goals. Why not use your MBA to change the world?
READ: This Entrepreneur Used Her MBA To Widen Access To Education In Africa
5. Marketing manager
Salary: $129,000+
Top Employers: Bain, Ikon, Accenture
Top Marketing Schools: Stanford, UCLA Anderson, ESADE
Employers in the competitive field of marketing find MBA graduates particularly desirable, with 20% of Stanford's last cohort heading into the sector.
Marketing managers, in short, get a company’s product sold. Overseeing budgets and building pricing strategies is a key part of the role, as is bringing in new clients and developing plans for expanding the company. This role is a delicate balance between generating business and providing strong team leadership.
With an MBA you can gain key industry contacts, insights to international markets, and learn to master data-driven promotional content. Is there any better preparation?
READ: How An MBA Prepares You For A Career In Marketing
6. Healthcare manager
Salary: $120,000- $140,000
Top employers: GSK, UnitedHealth, CVS Health
Top Healthcare Schools: Harvard, Chicago Booth, Columbia Business School, Johns Hopkins Carey Business School
COVID-19 has shown us vital importance of efficiently managed healthcare systems. Healthcare managers take on a number of roles, from maximizing efficiency, to ensuring companies stick to ever-changing healthcare policy.
According to GMAC, three quarters of healthcare employers feel confident that an MBA helped foster the problem solving skills vital to their industry. With all the challenges thrown your way in an MBA, you’ll learn to prepare and plan for all eventualities, providing strong leadership through tumultuous times.
READ: The Harvard MBA Driving UnitedHealth's COVID-19 Response
Next Read:
Bain, Microsoft & The 25 Best Companies To Work For | MBA Edition
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