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Career Options for MBA Graduates

In our fast-paced world ruled by technology, some of the best jobs for MBA graduates are in the tech field. If you’re looking for an exciting way to start your career after graduating with an MBA, look at industries where technology and business meet. Other lucrative areas for MBA graduates include financial services, investment banking and marketing.

Computer and Information Systems Manager

As a computer and information systems manager, you will be responsible for project management and planning, coordinating IT services, and directing all computer-related projects for your company. Computer and information systems managers advise chief decision makers when there is room for improvement in the existing technology and to help implement upgrades that will help the organization run more efficiently.

The median salary for a computer and information systems manager in 2015 was $131,600 per year. The job outlook is positive as the number of computer and information systems manager positions is growing faster than average at a rate of 15 percent per year.

Chief Technology Officer

Because technology is becoming an increasingly more important part of American business, most medium to large companies now require a chief technology officer (CTO). A chief technology officer is responsible for designing and implementing technological strategies that will help the company be more efficient and successful while still maintaining federal and state security and privacy standards. The CTO is also responsible for making decisions that will be implemented by IT service departments and information systems managers.

According to 2016 data from Payscale.com, the median salary for a CTO is $151,754. Overall, a chief technology officer’s salary can range from $87,345 to $257,738, depending on the size of the company, experience and the degree to which the company relies on technology for its core operations.

Investment Banker

Investment bankers help organizations and businesses raise capital for start-up and on-going costs. By examining the needs, goals, and financial health of the organization, an investment banker can make recommendations on how the organization can strategically use its existing capital to grow. Investment bankers often serve as liaisons between organizations and potential investors. Investment bankers must also have a detailed understanding of the existing market and be able to plan for turns in the economy.

Investment bankers make anywhere from $56,277 to $218,303 per year, with the median salary falling at $89,265. Investment bankers may work independently or as part of a firm or bank.

Marketing Manager

Marketing managers are responsible for designing, directing and coordinating the marketing efforts of businesses and organizations. Marketing managers may conduct market research to see if there is demand for a specific product or service or how well-known a company and its offerings are. The role of a marketing manager is to find a successful meeting place between company profits and customer satisfaction.

As of 2015, the average annual salary for a marketing manager was $140,660. Marketing managers can work in a wide variety of industries, including computer systems, insurance, advertising, nonprofit organizations, the oil and gas industry, and more.

Human Resources Specialist

Human resources (HR) is the department that keeps the human capital of an organization healthy, happy and well-compensated. At times, it can be a difficult environment, especially in situations where employees complain of mistreatment, harassment or discrimination. However, if you have a knack for conflict resolution, negotiation and coordination of large-scale projects like benefits, health insurance, and more, then a job as a HR specialist may be a fantastic fit for you.

As of 2015, the average salary for a human resources specialist was $63,710. Human resources specialists have the potential to move into higher paying positions like human resources manager and director of human resources, which pay in the six-figure range. According to the Bureau of Labor Statistics, the field of human resources specialists is growing at a rate of 5 percent per year.

Medical and Health Services Manager

For those interested in the medical field, an MBA is a valuable asset to hospitals and clinics with large staffs, endowments and administrative responsibilities. Medical and health services managers can be responsible for managing a specific department or an entire facility. In particular, medical and health services managers must be up-to-date on the latest changes to healthcare laws, regulatory policies and technology.

The median pay for a medical and health services manager is $94,500 per year. The job outlook for this field is growing much faster than other industries at a rate of 17 percent per year. If you love helping people and want to put your MBA to good use, consider a career as a medical and health services manager.

Sales Manager

Some people have a strong aptitude for sales. Sales managers are needed in every industry from technological services to retail businesses. Sales managers are responsible for setting sales goals, implementing sales strategies, training sales associates and representatives, analyzing sales data, and ensuring that the company or organization is making a consistent profit.

As of 2015, the median pay for sales managers in the United States was $113,860 per year. The industry is growing steadily at 5 percent per year and is expected to add 19,000 sales manager jobs between 2014 and 2024.

An MBA can set you up for a profitable career in any number of industries. Once you find your niche, there is no limit to how high you can climb in the business world.

Learn more about the UTPB online MBA program.


Sources:

Bureau of Labor Statistics: Computer and Information Systems Managers

PayScale: Chief Technology Officer (CTO) Salary (United States)

PayScale: Investment Banker Salary (United States)

Bureau of Labor Statistics: Marketing Managers

Bureau of Labor Statistics: Human Resource Specialists

Bureau of Labor Statistics: Medical and Health Services Managers

Bureau of Labor Statistics: Sales Managers


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