By Tawanah Reeves-Ligon
After the pandemic, overall demand has increased for MBA degrees. Successful MBA grads, on average, earn $30,000 more than other business school graduates.
Getting the most of your degree means attending a top school with a well-put together program that includes a strong career services department as well as networking and internship opportunities.
After that, how do you choose the best career path for yourself?
First, you can check out these great job opportunities available to MBA graduates:
- Human Resources Manager
Human resources (HR) managers plan, coordinate and delegate administrative functions within their company. By utilizing management skills and knowledge in organizational behavior, they can recruit, manage performance and discipline and develop new ideas for helping increase productivity in the workplace.
Most top MBA programs will emphasize management and include HR-based courses like organizational behavior and human resource management.
If hired by a top employer, such as Amazon and Microsoft, they pay their HR managers as much as $120,000, about $40,000 more than average.
- Investment Banker
Investment banking is a popular after graduation career choice for MBA graduates. They have a simple task: advise clients on how to be financially successful. Their clients can be individuals, but they can also be institutions, corporations, governments or similar entities.
Thus, multinational companies like UBS and Credit Suisse pay well for qualified graduates (sometimes as much as $155,000). So, opening the door to this career path is easier if your school has a well-connected and active career services program.
Career services is there to help students overcome the gap between their limited network and the potential employers. They facilitate networking events, recruitment gatherings and company visits, to name a few.
- Management Consultant
Known as the ‘Big Three,’ McKinsey & Company, Bain & Company and Boston Consulting Group (BCG) are some of the top consulting firms for this career. These three, along with firms like them, hire thousands of graduates each year.
Consulting allows students to specialize across several fields, so you will want to find a curriculum or take advantage of your school’s opportunities to learn a variety of skills, like strategic management or international business.
For example, environmental consultancy is increasing in popularity because organizations are growing more concerned with the consumer focus on corporate social responsibility and corporate environmentalism.
The Big Three offer starting salaries of $165,000 per year to their MBA graduates, plus bonuses of $50,000 for consulting.
- Project Manager
Top employers, like IBM and Accenture, pay graduates around $110,000 as new project managers.
The most important focus for students should be on business strategy since, regardless of what types of projects you want to specialize in, directing a company’s business strategy is always the main function of its project managers.
Developing one’s problem-solving abilities and leadership skills are also essential. It would be helpful to study at an MBA program where professors have years of real-world experience as well as ample opportunities for internships to gain firsthand practice working in project management before graduation.
- Financial Analyst
One of the most sought-after post-MBA finance careers is a financial analyst. Their main job functions involve gathering data and building financial models. Courses that can be helpful to a student on this career track include, international and corporate finance as well as financial accounting. A security investment course might be helpful too, if it’s available.
To be a financial analyst requires either a certification as a Chartered Financial Analyst (CFA) or an MBA.
Take advantage of the opportunities provided by your MBA program or look for the types of program benefits discussed here during your school research. Developing a plan and executing it will not only help to make you a more qualified candidate for these types of jobs in the future, but it will also help you gain the expertise needed to be successful in your new role after graduation.