Top 10 Best Jobs for MBA Graduates

MBA (Master of Business Administration) for many years has been accepted as the best course for anyone in business management who wants to get to the next level or move an organization to the next level. Because MBA graduates apply a rich and diverse set of skills and knowledge, this offers opportunities to get jobs for MBA graduates that are well-paid and satisfying.

MBA graduates have a variety of best opportunities to secure a well-paid job. Speaking, writing, problem solving, interpreting data and strategic planning are the key skills for these occupations. Below are the best jobs for MBA graduates so that they can bring positive changes to their organizations and industries.

Top 10 Top Jobs for MBA Graduates

Let’s reveal the best jobs for MBA graduates based on their preparation and chances of progression.

1. Management Consultant

Management consulting is one of the most popular job for MBA graduates as the job can be described as dynamic and complex. Thus, consultants interact with business businesses finding out what issues they face and designing the solutions. This involves problem solving involving analysis of business problems, drawing of solutions from data and ability to work in teams.

Being a link between analytical work and strategic decision making, consultants assist their clients to enhance the organization’s functioning, make it more effective, and thus grow profit. There is an uptrend in demand for management consultants and tremendous career opportunities for upward mobility.

Another advantage associated with management consulting career is that the consultant will get to work for so many industries and organizations. Consulting firms provide a broad spectrum of services and this means that consultants can accumulate a broad-based experience and new experiences are attained regularly. Hence management consulting as a career offers those MBA graduates who have passion for solving problems and who wish to bring change in business tangible chance for that.

Moreover, it is a very competitive area, so the best performers with significant drive will succeed here. However, pushing through a lot of effort in the application and actual work as a management consultant provides a lot of personal and professional satisfaction for MBA graduates.

Management consultants are paid an estimated average of $80000 to $150000 per annum.

2. Investment Banker

MBA especially in investment banking is considered as one of the most supportive professions with attractive remunerations. In the financial industry they serve clients relating to mergers and acquisitions, financing, and other related transactions.

They are responsible for the data analysis and creation of a detailed financial plan which can be used in the client’s financial planning. An MBA can improve the professional profile of investment bankers by imparting to them vital skills in finance, strategic management and communication that are vital to this competitive line of business.

Thus, it can be stated that working as an investment banker is a stressful and hectic job which may demand working extra hours and using simple fast wittedness. It is possible to receive six figure salary plus bonuses for the top investment bankers. The market for investment bankers is healthy now and the demand for MBA graduates is especially high.

As well, investment banking gives the perfect connection to the other companies and high-rank decision makers, which is quite important for further career progress.

The salary that investment bankers earn ranges from $100,000-$200,000 for every year.

3. Marketing Manager

Marketing manager is another leading career path for MBA graduates, because such a work involves idea processing, data analysis, and goals setting. They are supposed to respond for the designing and implementing the marketing strategies and tactics; they also needed to manage their budgets and study the behavior of customers in the market.

Graduates receiving an MBA diploma can be armed with the relevant knowledge and skills in marketing research, brand management, and digital marketing to work in this field. Marketing managers can be found in any industry and these include the consumer goods industry, technology industry, healthcare industry and the financial industry.

They have good prospects with improved market demand for talented individuals armed with analytical skills and knowledge in current market trends, especially in the field of digital marketing. Marketing managers, usually in team working situations, also must have self-organization, communication, and people skills.

Besides this, a career in marketing management is rewarding as one gets an opportunity to work on some creative projects other than having an opportunity of coming up with strategies that make a business thrive.

The salary of marketing managers lies in $70 000-$120 000 on average.

4. Business Development Manager

BD managers remain responsible for recognizing the business opportunities for the organization and going after them. Planning and implementing growth and revenue strategies, they interact with sales, marketing, and product development departments.

An MBA can provide you with the opportunity to become a business development manager with important tools in market research, strategic planning and negotiation that are core competencies for this field. Business development managers are in high demand in the job market, no matter the business sector.

BDMs need to have a good number of contacts, effective communication skills and a flair for the sector typically in charge of developing new business. The degree obtained at MBA and the used experience allows the business development managers provide the essential improvement of their career and produce a significant impact on the company.

Working in business development means having a good potential income and businesspeople can get $90,000 – $150,000 per year on average.

5. Financial Analyst

Accounting or financial analysis is one of the critical activities in any organization and this post is given to any holder of an MBA degree. The finance analysts are charged with the task of analyzing financial data, the roles of assessing and recommending on the viability of certain investments to help organizations make some of their financial goals.

Graduates with an MBA are armed with desirable skills such as in modeling, valuation and risk management skills that are critical to functioning in this field. Financial analyst employment opportunities exist in different organizations including financial institutions, healthcare, energy sectors, and technology, among others.

In general, it can be stated that the job outlook for financial analysts is good and the demand is high, even for those people who obtained their MBA degree.

Some of the best careers that a financial analyst can achieve include working for an investment bank, in private equity, in a venture business or work for a corporation or government. To be efficient and effectively work large datasets and communicate financial data is important for any financial analyst.

Additionally, if one decides to undertake the career of choosing the financial analysis, then one will be having the great job satisfaction as the financial analysis will interest one in undertaking interesting projects and develop interesting and new methods that are going to help the companies to grow.

It is worth noting that according to the data available the average income of the financial analysts is from $60 000 up to $100 000 a year.

6. Sales Manager

Another popular profession students choose after getting their MBA is sales management as it includes strategy, employees, and customers. A sales manager is a professional who sets sales goals, designs, and applies sales plans, directs sales personnel, and hits sales goals.

An MBA prepares a prospecting sales manager on most of the skill aspects that are vital fundamentally for the profession including market analysis, negotiation, and performance management skills. Sales managers can also be employed in diverse sectors such as consumer goods, electronics and communication, healthcare, and the banking sectors.

With good leadership and digital knowledge, sales manager jobs have good demand in the current market. A sales manager also specifically needs people skills such as the ability to manage various people.

Additionally, sales management is one among the most satisfying fields of management to work in, because you can begin to work on various projects that are going to aid in expanding the company.

Sales managers earn between $70,000 and $120, 000 a year.

7. Operations Manager

This function is irreplaceable in any commercial organization, and the employment of personnel with an MBA degree in operations management is highly pursued after. Operations managers are accountable for the running of an organization focusing on the smooth-running results, costs, and customers.

Of course, an MBA will help operations managers acquire the right knowledge in such areas as supply chain, quality assurance, and improvement, which form the core competencies of the operations function. The operations managers can be employed in any sector of the economy such as manufacturing, health, retail, and technology.

The employment prospects for operations managers are favorable and include many jobs for MBA graduates. It is possible for operations managers to grow into different functional fields that are specific to their organization’s requirements such as supply chain management, purchasing, quality assurance and project management. Analytical skills related to handling massive data and sharing comprehensive operational information are rhythmic knowledge for operations managers.

Furthermore, operations management as a career is an important thing because it includes tough tasks and the opportunity to make different projects and implement effective tactics to develop the business.

They also found that the average of the operations managers earns between $80,000 and $120,000 annually.

8. Entrepreneur

Entrepreneurship is a demanding career for MBA graduates, since it involves innovation and taking on risks in one’s decision making. It is a person who creates and runs his or her own business venture with the aim of offering services or goods in response to an existing challenge.

An MBA would be important for entrepreneurs because they will be able to learn skills vital for the establishment of their businesses such as acquisition of funds, marketing and laying down of strategic plans.

Businesses can obtain a job at any given moment, as the job market for entrepreneurs is ever changing. Marketing skills and having vast contacts from the market are especially important for entrepreneurs to succeed.

Additionally, being an entrepreneur is an extremely rewarding profession in that you are creating new products and services from scratch and coming up with innovative ideas with a direct positive influence on people’s lives.

There are sweet spots of great potential money for those who would like to venture into business but this means lots of risks and sweat.

9. Venture Capitalist

Venture capitalists are financial experts who target young businesses and first-stage organizations with upward growth prospects. It actively involves itself with small business people to assist them in attaining their business objectives by availabilities of capital, consultation and contact information.

The knowledge that an MBA imparts in financial analysis, valuation, and business strategy is useful when navigating the competitive world of venture capital. Sectors of IT, pharmaceuticals, and consumer products are the pockets of venture capitalists.

The employment opportunities within the venture capital industry are also promising thanks to the current increasing need for financial experts with good analytical skills and knowledge in funding businesses at the initial stages.

Another requirement for venture capitalists is the demand to work as part of the team as well as communicate effectively. Nevertheless, there is a sense of great satisfaction and fulfilling such a job as venture capital requires working on a fun project and coming of good strategies for enterprise development.

The annual wages of venture capitalists differ between $100,000-$ 200,000 with boosters and sections of stocks.

10. Human Resources Manager

Management of human resources is an important competency area for any organization and hiring an MBA graduate to fulfill this role is paramount. Employment managers are in charge of the selection and training of employees, promotion of employer employee relations, and compliance with existing and prospective legislation.

MBA can enable human resources managers to acquire the necessary skills in organizational behavior, compensation and benefits and employee relations that are fundamental to the success of a job. The human resources managers can work in manufacturing, health care, retail, technology and so on.

Presently, there are job vacancies available for human resources managers, and this job front has been considered ideal for MBA degree holders. There are central functional career areas that human resource managers can opt to specialize in, these include recruitment.

Human resources managers interact with these people meaning stakeholders and effective communication skills are needed when working with diverse teams. Not only that, but a career in human resource management can be very fulfilling because here employees have a chance to positively change people’s lives within the organization, as well as help the company evolve.

Annual earnings for human resources managers fall between $70000 and $110000 depending on company type.

Conclusion

Thus, companies open their doors and offer the best jobs for MBA graduates to take over the big prizes with high-paying salaries and challenging career ladders. Regardless of whether they opt to start a corporate career with a major company or pursue a career in business and financial risk taking as an entrepreneur and an investment banker, the MBA graduate is well positioned to excel in this field.

The jobs discussed in this article are merely a sample; there are endless possibilities of jobs for MBA graduates. The essence of purpose and dedication, MBA graduate can achieve a prosperous career within each of these fields and make a huge difference in the business world.