11 Jobs for MBA Graduates (With Duties and Job Search Tips)
Earning a Master of Business Administration (MBA) degree is an excellent way to prepare for a high-paying job in leadership and management. An MBA provides you with the business skills needed by companies and entrepreneurs to make critical business and investment decisions, manage talent, and stay competitive. Learning about the types of jobs MBA graduates often pursue can help you be successful in your job search. In this article, we discuss what an MBA is, share some of the popular jobs for MBA graduates, and provide tips to help you get a job after you graduate.
11 jobs for MBA graduates
Here are 11 jobs that MBA graduates may apply for depending on their specialization, skills, and experience:
National average salary: $56,565 per year
Primary duties: The primary role of an operations research analyst is to help companies solve complex problems and make effective decisions. Operations research analysts conduct research on specific problems and use their findings to recommend strategies and solutions. They analyze a company's performance to inform resource allocation, production output, and price setting. Operation research analysts also collect information from other workers to devise their solutions. MBA graduates with a specialization in management science, operations research, or another related background may find work as an operations research analyst.
National average salary: $58,212 per year
Primary duties: The primary responsibilities of a marketing manager are to oversee a company's marketing efforts and coordinate the work of the marketing team. They research the demand for a product or service and determine how it would perform in the market. Marketing managers also make decisions about product pricing, marketing strategies, and entering new markets. MBA graduates in marketing can find work as marketing managers and help companies achieve their marketing goals.
Read more: Top 10 Skills of a Marketing Manager
National average salary: $59,567 per year
Primary duties: The role of a financial advisor involves giving practical advice to clients on how to manage their finances. Financial advisors help people plan their financial goals such as buying a home, financing their children's education, and saving for retirement. MBA graduates with a background in finance can find work as financial advisors.
National average salary: $62,577 per year
Primary duties: The primary role of an investment fund manager is to provide financial advice on viable investments to organizations and individuals. Investment fund managers analyze different investment options, such as stocks and real estate. Their findings inform their investment decisions to ensure their clients receive the highest returns possible. Investment fund managers find work for pension fund management firms, hedge funds, stockbroking firms, and other investment companies. MBA graduates with a background in finance may find a career in the field.
Related: How Much Do Investment Bankers Make?
National average salary: $71,045 per year
Primary duties: Business operations managers ensure a company's operations run smoothly. They coordinate the different business units and departments, help staff with their work, and fulfill customers' needs. Business operations managers also ensure the company complies with relevant industry regulations and that all its products and services meet the appropriate quality standards. MBA graduates who specialize in operations management, human resources, and supply chain management may find work as business operations managers.
National average salary: $72,392 per year
Primary duties: The primary role of a human resource manager is to oversee a company's workforce. Human resource managers are responsible for attracting, interviewing, and hiring the most suitable employees for a company's open positions. They also need to motivate employees and find ways of retaining the best talent within the organization. They do this by discussing employee issues with management and suggesting human resource strategies. Human resource managers also implement a company's compensation plan and determine performance appraisal techniques. MBA graduates in human resources can find work as human resource managers.
National average salary: $76,565 per year
Primary duties: Management consultants help companies negotiate complex issues by providing an outside perspective. Companies doing well may also hire management consultants to improve their performance. Management consultants achieve their clients' goals by assessing their situation and suggesting the most efficient solutions. They may work independently or for a consulting firm. MBA graduates who specialize in finance may find work as management consultants.
Read more: How To Become a Management Consultant
National average salary: $88,167 per year
Primary duties: Finance managers help companies achieve better financial performance by suggesting cost-cutting measures and investment options. They help companies solve cash flow challenges, monitor company budgets, and develop plans for financial investments. As companies look for ways to increase their return on investment, finance managers are often the people they ask for advice. MBA graduates who specialize in finance and investment are suitable for this role.
National average salary: $118,850 per year
Primary duties: MBA graduates can find work as self-employed business owners. An MBA degree provides graduates with the right combination of skills to excel in the complex world of business. They learn how to start a business, raise funds, find talent, motivate their employees, and market their products or services. After graduating with an MBA, becoming a business owner provides endless potential to earn income as the business grows.
Related: How To Create a 5-year Plan
National average salary: $119,129 per year
Primary duties: The chief technology officer's primary role is to help companies leverage technology to become more efficient and agile. They determine a company's IT needs and coordinate their investments. The chief technology officer oversees the company's technical goals and supervises the technology team. As companies look to further integrate technology into their operations, the role of a chief technology officer has become more important. MBA graduates who specialize in information systems and leadership may find work as chief technology officers.
National average salary: $127,664 per year
Primary duties: The chief executive officer is responsible for planning and executing a company's vision. They provide strategic direction to an organization and handle all units and departments of the organization. The chief executive officer is a member of the board of directors, where they develop the organization's goals and mission. People in this role provide effective leadership by ensuring they're constantly aware of market dynamics, customer needs, government regulations, and emerging opportunities. MBA graduates in any specialization who have leadership skills and experience may find work as chief executive officers.
What is an MBA?
The MBA program teaches business-related, operational, and managerial skills. Anyone with an undergraduate degree can enter an MBA program, but you're better prepared if you have a business-related background. You may study for an MBA in a variety of ways, whether online, in-person, part-time, or full-time. For instance, studying full-time might mean taking a sabbatical leave from work, while studying part-time may mean the course takes longer to complete. MBA students may specialize in any of the following areas:
Supply chain management
Excelling in any MBA specialization prepares you for a job in financial institutions, management positions, or as an entrepreneur. Some added advantages of pursuing an MBA degree include:
Increased chances of earning a promotion at work and earning a higher salary
Enhanced marketability, which means you can find new and better-paying jobs
Increased opportunities for full or partial tuition reimbursement
Expanded professional network
Improved skills and business knowledge
Job search tips for MBA graduates
Here are some job search tips for MBA graduates:
Create an outstanding resume: The first step to finding a job as an MBA graduate is to write a great resume that highlights your skills, achievements, and value. Employers hiring for leadership and management positions want to read what you achieved in your previous positions and what value you would bring to their company if they hire you.
Expand your professional network: Make efforts to build and grow your professional network by engaging with company leaders, managers, and recruiting agencies. The wider your network is, the more opportunity you have to get crucial insider information about job vacancies.
Practice a concise elevator pitch: Companies wanting to hire MBA graduates are looking for someone with an outstanding personality and excellent communication skills. Prepare a concise elevator pitch that captures your goals, personality, and qualifications.
Research the company: When responding to a job posting, learn more about the company's history, management, products, market position, culture, and performance. This shows the interviewer that you're genuinely interested in working for the company.
Keep yourself updated: A business environment is dynamic, so you need to keep yourself updated on the current industry trends and emerging issues. If invited for an interview, quote current information to show the interviewer you're knowledgeable about the industry.
Salaries figures indicated in this article are as at the time of writing.