4 Top Industries for MBA Graduates
There are numerous benefits to obtaining an MBA online. Not only are MBA online programs more convenient than attending classes in person, but you can reap all of the same academic rewards from receiving an online business degree as in-person students do.
Read on to discover some fields you can join once you have completed your MBA online.
Career Advancement in Finance
Participating in an online MBA program puts multiple opportunities easily within reach. In the finance space, there are a wide variety of options that a business online degree can pave the way for. According to the U.S. Bureau of Labor Statistics, jobs in this space are expected to grow 7% by 2031. The average salary for finance jobs is around $101,000. Some online MBA graduates are even making over $200,000 after only two years in these positions.
Some of these career tracks include:
● Personal financial advisor
● Asset management
● Investment banking
● Tax planning
● Finance director
● Accountant
● Private equity
● Venture capital
Success in the Tech Space
Everyone knows that tech is constantly evolving and changing, ensuring career longevity and versatility. An online MBA can prep you for a job in this exciting realm. Salaries in the tech space hover around $128,442 with entry-level positions, with careers in management exceeding $250,000.
Some career possibilities to consider include:
● Information technology
● Information systems management
● Market research analyst
● Projects manager
● Strategy and innovation
● Business sales and development
Once you finish your MBA online, another career path to consider is within entertainment. Jobs in media at companies like Hulu, NBC, and Sony or careers in sports entertainment boast salaries of over $130,000 to start. Don’t rule out an exciting career in one of these fast-paced and constantly growing media fields.
Opportunities in Health Services
Enjoy giving back to your community by using your MBA online degree for a job in health services. Find a job that plays to your strengths with a rewarding salary. Jobs in health care can start at $125,000 and offer many positions that can start at $150,000 and only continue to trend upward for a bright future. The Bureau of Labor Statistics predicts 32% growth by 2029 in these markets.
Consider these careers in health:
● Healthcare consultant
● Strategic development and project management
● Pharmaceutical management
● Patient care coordinator
● Hospital administrator
● Revenue management analyst
● Medical and health services manager
● Policy researcher/analyst
● CEO or CFO of a hospital or clinic
Pathways to Consulting With an MBA Online Degree
Consulting positions commonly start at six-figure salaries and only continue to trend upwards. Being a consultant combines your career experiences and intersects with the knowledge gained through your education. Consulting offers a multitude of career options across numerous fields so you can find the niche that suits you best.
In this realm, the average first year pay after completing an MBA or online MBA is $190,000 and continues to soar with each year of employment. There are multiple consulting firms that consistently hire new talent, and specialized boutique firms that may fit your skillset.
Some of the most lucrative fields to consider when it comes to consulting include:
● Information services consultant
● Technical solutions consultant
● Digital marketing
● Marketing management
● Data analysis or IT
● Product marketing
● General business consulting
● Investment solutions
Coupled with on-the-job experience, pursuing your MBA online can be the key to opening the doors of success on the track to a fast-paced, enriching, and financially rewarding career!