What Types of Jobs Can I Get with an MBA Degree?

MBA DegreeCollege students and working professionals can find many different types of jobs with an MBA degree. The Master of Business Administration (MBA) degree is a postgraduate academic degree. Business schools grant it to students who have mastered the study of business.

The MBA degree originated in late nineteenth century America, when the United States became an industrialized nation. It came about as Industrial Age companies sought a scientific approach to economic efficiency and labor productivity. The modern MBA degree prepares students for management positions through core business courses.

MBA programs introduce students to various areas of business: accounting, finance, human resources, marketing, operations management and more. Most programs include elective courses for particular areas of specialization. Postgraduate students receive an education that qualifies them for many types of jobs with an MBA degree.

Finding an MBA Program

Determining which MBA program to pursue is difficult, but U.S. News and World Report can help. Each year, the American news magazine releases a list of the best graduate schools for business, education, engineering, law and medicine. It also ranks the specialties within each field of study.

The United States Bureau of Labor Statistics (BLS) expects fast job growth from now until 2022 for occupations assigned to postgraduate degrees. The projected growth for master’s degree jobs is nearly 22 percent. This makes the MBA degree a wise investment for college students and working professionals.

Types of Jobs with an MBA Degree

According to U.S. News and World Report, about 75 percent of all MBA graduates find a job within three months of graduation. Unlike other degreed professionals, they can find many types of jobs with an MBA degree. Listed in alphabetical order, here are the ten best positions:

• Chief Technology Officer
• Financial Manager
• Health Services Manager
• High-End Management Consultant
• Information Systems Manager
• Information Technology (IT) Director
• Investment Banker
• Investment Fund Manager
• Marketing Manager
• Sales Manager

Each of these positions requires an MBA degree with a particular concentration. Finance, health services, information technology (IT) and marketing are four common specializations. Some companies prefer candidates with a dual degree such as business and engineering.

The recent economic downturn has many people questioning the value of graduate school. College students and working professionals alike wonder if business school is worth the investment. According to the BLS, the above types of jobs with an MBA degree pay annual salaries between $84,270 and $155,809. In these positions, increased lifetime earnings justify the cost of business school.

Related Resource: Become a Financial Analyst

Closing Thoughts

In addition to promising salaries and employment growth projections, business careers offer a high level of job satisfaction. In fact, many people who enroll in MBA programs describe themselves as career enhancers or career switchers. An interesting PayScale infographic reveals that most workers in finance, human resources, marketing or technology management fields are satisfied with their jobs.

The accreditation bodies for MBA programs ensure consistency in business schools, so students truly have a variety of choices. Most schools tailor their programs for full-time, part-time, executive and online students. Moreover, the types of jobs with an MBA degree are as many and varied as business schools that provide their foundation.