Demand for management roles will grow by 9% from 2020-2030, according to Bureau of Labor Statistics (BLS) projections. An MBA can launch your career and increase your earning potential. According to the Graduate Management Admission Council's (GMAC) 2022 Corporate Recruiters Survey, the median starting salary for recent MBA graduates is $115,000. Check out the most common jobs for MBA graduates.
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In addition to careers as a general manager, MBA graduates can also work as project managers. And while some companies hire project managers without an MBA, the degree can mean more responsibilities and higher pay. Other management career paths include executive management, director roles, and nonprofit management.
Other finance and accounting jobs for MBA graduates include personal financial advisor, management accountant, and accounting manager. An MBA may help professionals in these roles increase their earning potential and take on more responsibilities.
Accountants create financial records and use financial documents in business decision-making. With an MBA, graduates can work as certified public accountants, management accountants, and accounting managers. They may take on supervisory responsibilities, depending on their role. An MBA meets the credit requirements for a CPA license.
Marketing is another growing field for MBA graduates. While entry-level marketing careers like market research analyst typically only require a bachelor's degree, an MBA can help marketing professionals advance to management roles.
Every industry relies on human resources professionals to recruit employees, develop upskilling programs, and resolve employment disputes. And a master's in business helps professionals pursue HR jobs for MBA graduates.
After completing an entrepreneurship MBA, graduates typically take one of two career paths. Many establish companies and become the founder and CEO. Others work in venture capital, management consulting, and other roles that benefit from entrepreneurial skills. These roles tend to offer high salaries.
With an MBA in healthcare management, graduates work in healthcare management, hospital administration, and executive leadership. These roles require a strong understanding of the healthcare industry, policies and regulations related to healthcare, and management in health organizations.
The earning potential with an MBA depends on your industry, location, and experience. In the 2022 Corporate Recruiters Survey, recruiters reported a median starting salary of $115,000 for recent MBA graduates. That salary varied by concentration, with professionals in consulting, finance, and technology reporting the highest salaries.
Many jobs for MBA graduates report high demand. For example, the BLS projects financial managers to see 17% job growth from 2020-2030 and healthcare managers to see 32% projected job growth. Overall, management careers are projected to benefit from 9% job growth from 2020-2030. That translates to over 900,000 new management jobs.
Wharton MBA graduates demonstrated strong performance in the recruiting cycle this year as a result of a collective effort by students and the Wharton MBA Career Management team.Earlier this month, the Wharton School released its annual MBA Career Statistics report, which summarized graduates' industry, function, and location choices. The report featured a 99% offer rate and a $175,000 median annual base salary. function myAdDoneFunction(spotx_ad_found) if(spotx_ad_found) else ; function mobileAndTabletcheck() window.opera); return check; var bMobile = mobileAndTabletcheck(), aScriptAttributes = [ 'type="text/javascript" src=" " data-spotx_ad_done_function="myAdDoneFunction" data-spotx_ad_unit="incontent" data-spotx_autoplay="1" data-spotx_ad_volume="0" data-spotx_loop="0" data-spotx_collapse="1" data-spotx_unmute_on_mouse="1"' ]; if (bMobile) aScriptAttributes.push('data-spotx_content_width="300"'); aScriptAttributes.push('data-spotx_content_height="250"'); aScriptAttributes.push('data-spotx_channel_id="186667"'); else aScriptAttributes.push('data-spotx_content_width="608"'); aScriptAttributes.push('data-spotx_content_height="342"'); aScriptAttributes.push('data-spotx_unmute_on_mouse="1"'); aScriptAttributes.push('data-spotx_channel_id="186773"'); document.write('');Among various career paths, financial services continued to be the most popular with 38.6% of graduates taking a job in the sector, with private equity as the most pursued subfield at 12.6%. Consulting and technology follow, although their respective percentages have declined slightly since the past year. Sam Jones, director of the Wharton MBA Career Management team, explained the trends he saw in the new report.RELATED:
When looking for a job, graduates should consider their social media presence. For example, updating a LinkedIn profile can mean better networking opportunities. A solid profile might also impress recruiters checking out potential candidates. 2ff7e9595c
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