Of all the possible graduate degrees, the Master of Business Administration (MBA) degree is consistently the most popular for men and women. It should be no surprise that MBAs are such an attractive degree program, as graduates are consistently in-demand and command high salaries. Even with the global
disruption of the COVID-19 pandemic dropping the median salary for MBA careers by around $10k, it still remained above six figures. Furthermore, despite the general downturn, in 2020 some fields actually showed increases in MBA hiring, and those MBAs hired by
the “big three” fields of consulting, finance and technology continued to command higher than average salaries. There’s a lot of opportunities out there, but the range of pathways for MBAs is so wide that it can be challenging to understand what specific careers are open to you. Let’s take a look at some of the more popular specializations. While a general MBA degree offers the widest
possible option for careers, students can choose to specialize in IT, healthcare, finance, media management or other fields to be more competitive in those chosen fields. The most common fields that MBA students choose to specialize in are:
Within different degree programs, different specializations will cater toward single fields, or offer experience and study that can be applied to different positions within a field. For example, a course in Social Media Marketing might be most applicable for someone getting into consulting or starting a business as an entrepreneur, but it can also be important for a Chief Marketing Director in any field of business. Specific topics for further specialization include:
Top 10 Jobs for MBA GraduatesThere are MANY different positions an MBA graduate can excel in, and they all have something to offer. Here are some of the MBA careers that trend with higher median salaries, more opportunities for hiring or possibilities for career advancement.
* All quoted salaries and hiring companies were as of June 2021. MBA Graduates as EntrepreneursWhile an MBA is a powerful tool for landing employment within a company, it can also be the launching point for your own self-employment as an entrepreneur. Although one doesn’t need an MBA to be an entrepreneur, some find the experience helpful in building the skills and knowledge base that will increase their chances of success. U.S. News & World Report wrote that “investing in a graduate business education can be a worthwhile pursuit, yielding strong returns in knowledge, contacts with classmates and alumni – who may become investors or collaborators – and easier access to resources and capital.” There are no real measurements for a median salary of an entrepreneur, since the category is so broad and encompasses all manner of “small business owners,” the results can vary wildly. Indeed lists the median salary at $48,910, while Payscale lists an entrepreneurship MBA at $101,524. Depending on a whole range of factors entrepreneurs can risk losing money or stand to make millions, with the wealthiest entrepreneurs in a league of their own. One particularly interesting pattern for most of the top 40 entrepreneurs, over 30 of them are in tech or tech-related industries. What are the most common MBA alternatives?Traditional MBA programs are full-time two-year programs that are taught on-campus. While that process can work for some students, others can find more support through MBA programs that offer accelerated time lines, specialized focus and online access. One such exciting new alternative is University of San Diego’s Master of Innovation, Technology and Entrepreneurship (MITE) program – one of the only online degrees offered jointly by the schools of Business and Engineering. It covers a unique combination of fundamental and advanced business models, concepts and practices familiar to an MBA program, but applied directly to the world of technology innovation, financing and market development. As an accelerated, 20-month program, MITE’s focus on the connectivity of business and technology is a powerful resource for those looking to establish themselves as “intrapreneurs” within the tech field, or for those entrepreneurs eager to start up their own enterprises related to innovative technologies. Curious about a Master’s in Entrepreneurship? Explore USD’s MITE degree program and accelerate your career. FAQs about MBA programsWhat are the advantages of an online degree? How do I decide which specialization is right for me? If you don’t have a particular field that you’re invested in, then research is your best friend. Look up different programs and what specializations are offered, the courses required for them and the fields that are looking to employ those specializations. If you’re
lacking direction, speak with a mentor or advisor about how to get started. What about professional training? What job can you get with a MBA?With an MBA, professionals work in many different business careers, including healthcare, technology, marketing, finance, and human resources. Professionals with an MBA work as general managers, CEOs, consultants, and directors.
Which MBA salary is highest?On average, the highest paying jobs after MBA in India offer a salary of Rs 4,00,000 to 32,00,000 per annum , depending on the domain and specialization chosen by the candidate.
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Average Salary for MBA in HR 2022.. Can you get a job with just an MBA?An MBA can lead to positions in a variety of industries. Finance and accounting are two common areas in which graduates begin their careers with skill sets that are in great demand.
Will an MBA increase my salary?While an MBA degree is a considerable investment in both time and money, research indicates the ROI for graduates may be as high as $20,000 per year in additional salary and compensation.
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