Great Career Facts for Anyone Earning an MBA
Earning a Master of Business Administration can prepare you for a lot of good jobs and career opportunities.
In our globalized business environment, good management and analysis are increasingly vital. While a bachelor’s-level business degree or management degree can help you acquire some of the skills you need to succeed, many companies want leaders with in-depth knowledge and advanced skills. That’s why the career outlook for those with a Master of Business Administration is so strong.
A Variety of Industries Want People With MBA Degrees
No matter an industry’s product or service, it needs leaders who understand how business works and how to manage people and make good decisions. Because of this, people who hold a Master of Business Administration are in demand. Here are the top five industry sectors hiring those with MBAs:*
- Software publishers
- Insurance carriers
- General medical and surgical hospitals
- Depository credit intermediation
- Colleges, universities, and professional schools
Those With an MBA Degree Hold a Wide Variety of Titles
Earning a business administration master’s can prepare you for a variety of careers and leadership positions. The most common titles held by professionals with an MBA degree include:*
- Marketing manager
- Director of marketing
- Financial analyst
- Senior financial analyst
- Product marketing manager
- Business analyst
- Account manager
- Director of finance
- Sales manager
Demand for Top Business Professionals Is Growing
While individual businesses have their own cycles of upturn and downturn, business as a whole always has new opportunities for growth—particularly now that it is conducted on a global scale. These business opportunities often translate into job opportunities for those with an MBA degree. For example, according to the Bureau of Labor Statistics, the demand for marketing managers is expected to increase by 10% from 2016 to 2026, faster than the national average for all occupations.†
Many Top Business Jobs Pay Well
A master’s in business administration can give you advanced skills and an exceptional level of knowledge. And many businesses are willing to pay well for that, particularly at the management level. For instance, the median annual wage for marketing managers was $131,180 in May 2016.‡
How Can You Earn Your MBA Degree?
You know that earning a Master of Business Administration can help you advance your career. But that doesn’t mean you’re willing to take time off from your current job to complete a business administration degree. Fortunately, many of the best business schools and top MBA programs now offer online learning.
What are the advantages of earning your MBA online? For one, an online MBA program allows you to complete your master’s from home, meaning you don’t have to move anywhere or even drive to night classes. For another, you can attend your online MBA classes at whatever time of day works best for you. It’s a level of flexibility rarely offered at campus-based universities—and it’s one of the top reasons so many working adults choose online graduate degree programs for their continuing education.
An MBA degree can open up a lot of opportunities. Thanks to online education, those opportunities can be yours.
Walden University is an accredited institution offering a Master of Business Administration (MBA) degree program online with a variety of specializations to align with your career goals. Expand your career potential and earn your degree using a convenient, flexible learning platform that fits your busy life.
*Data for this analysis of 384,649 job postings for professionals with a master’s degree in business administration from January 1, 2016, to December 31, 2016, was retrieved using Burning Glass Technologies Labor Insight Real-Time Labor Market Information Tool. Industry sectors and job titles are at the national level and may not reflect local and/or short-term job conditions and are subject to change.
†Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016–2017 Edition, Advertising, Promotions, and Marketing Managers: Job Outlook, on the internet at www.bls.gov/ooh/management/advertising-promotions-and-marketing-managers.htm#tab-6.
‡Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016–2017 Edition, Advertising, Promotions, and Marketing Managers: Pay, on the internet at www.bls.gov/ooh/management/advertising-promotions-and-marketing-managers.htm#tab-5.
Walden University is accredited by The Higher Learning Commission, www.hlcommission.org.