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Graduates with MBA degrees are in demand, and that demand keeps growing. In its “2015 Year-End Poll of Employers, ” the Graduate Management Admission Council (GMAC) reported that 75% of employers surveyed intended to hire MBAs, with 85% citing that the number would be the same or even increase from the year before.
Great news! But what type of MBA should people pursue and what type of job should they seek?
In order to help, we put together a list of what we think are the 10 best careers for those with an MBA.
We based our list on a combination of median annual salary figures, employment growth projections, and job satisfaction reports. Employment growth forecasts are provided by the Bureau of Labor Statistics (BLS), and salary information is provided by the BLS and payscale.com
These attractive careers are listed alphabetically.
Chief Technology Officer
Job description: Chief technology officers establish a company’s technical vision and oversee all aspects of technological development. They manage the technology team. They also oversee research and development and special projects. Chief technology officers establish technical standards and ensure adherence to the standards.
Education: Many companies prefer candidates who have an MBA with a specialization in information technology management.
Employment outlook: 15% projected growth from 2014-2024, much faster than average for all occupations.
Median annual salary in 2015: $149, 978 according to payscale.com.
Computer and Information Systems Manager
Job description: Computer and information systems managers plan and manage:
- Computer-related activities of an organization
- Implementation of Internet and intranet sites
- Installation and upgrading of software and hardware
- Development of computer networks
Computer and information systems managers are also involved with the maintenance and security of networks.
Education: Many companies hire people who have an MBA with a concentration in information systems. Business management experience is a big plus.
Employment outlook: 15% projected growth from 2014-2024, much faster than average for all occupations. Fastest job growth is projected for the areas of computer systems design establishments, data processing and hosting companies, software publishing firms, healthcare organizations and management, and scientific and technical consulting services.
Median annual salary in 2015: $131, 600.
Financial Manager
Job description: To thrive in a competitive environment, companies worldwide rely on the expertise of financial managers. Basically, financial managers oversee the financial activities and transactions of companies. They oversee cash management and investment activities, create financial procedures, and oversee the budget process. Financial managers help companies meet their fiscal objectives. Financial managers are also involved in activities as varied as raising capital, handling mergers and acquisitions, and assessing global financial transactions.
Education: People with a master’s degree such as an MBA with a concentration in finance and certification will likely have the best prospects.
Employment outlook: 7% projected growth from 2014-2024, as fast as average for all occupations.
Median annual salary in 2015: $117, 990 according to the BLS.
Health Services Manager
Job description: The expanding and diversifying healthcare industry requires knowledgeable managers to help ensure healthcare businesses run smoothly. Health services managers make sure companies adhere to government reforms to healthcare delivery. They oversee the work of doctors, technicians, and clerical workers. In small facilities, they may oversee or co-manage an entire healthcare facility, whereas in large facilities they typically manage a department, such as patient care services or finance.
Education: A master’s degree is required for many positions. These days some candidates acquire an MBA with a concentration in health services management. These degree programs provide a thorough understanding of the nation’s largest and fastest growing industry. People who already have a bachelor’s degree in healthcare administration should consider acquiring a complementary degree such as an MBA with a concentration in finance.
Employment outlook: 17% projected growth from 2014-2024, much faster than average for all occupations.
