MBA Graduates: Career Opportunities
There are many works that do not require an MBA. Accountants, engineers, politicians, salesmen, and many other well-paid positions offer an opportunity to work without a degree. However, there are several career opportunities that require a much higher level of education – a master’s degree in Business Administration (MBA). Oddly enough, this list does not include such posts as company head or president of the country. More opportunities for MBA graduates can be found in investment banking, high-class management consulting, mergers and acquisitions.
Investment Banking. Career in investment banking requires an MBA and several years of experience in corporate finance, accounting, economics, or work in a bank. Investment bankers lend money to corporations, organizations and government agencies for mergers, acquisitions, and grandiose projects. These positions feature great competition and need high skills of analysis, budgeting and management – just like what MBA provides.
High-quality management consulting. This is an excellent choice for MBA graduates. Consulting helps corporations and large organizations achieve their maximum capacity. Upscale consultants interact with management, including leaders. These consultants assist their clients in assessing effectiveness, financial calculations, analysis of mergers and acquisitions, as well as projects for international expansion.
Mergers and acquisitions. Advisers on mergers and acquisitions help companies capture competition and provide assistance to companies in a chain of consumption. Sometimes, a company buys a company from a totally different sphere, to expand its portfolio. Mergers combine two similar companies into one large organization. Merger requires analytics, financial performance, and much more. This requires a professional, whose qualification goes far beyond standard education. MBA offers its students skills of strategic planning and management, needed to excel as a consultant on mergers and acquisitions.
As MBA graduates usually have more knowledge on business, than average person, they can require good starting salary, while a man without degree can count exclusively on commission. Top positions in sales typically include pharmaceutical sales and similar positions: these spheres provide more chances to get very favorable wage offer.
Degree in any field, including business, may become a launching pad for a teaching career. Perhaps, you will not teach at top universities, but MBA allows you applying for positions in certain schools, especially private ones. If you enjoy teaching, you can always get a PhD in the field of your interest and continue your activities.
In general, a question “Where MBA graduates can work?” is much broader and includes many options besides reviewed. One only should remember MBA degree significantly enhances the scope of your competencies and, consequently, your ambitions and aspirations also must be higher than ambitions of those not having such advantage. Look for specialty and areas, where your knowledge and skills will be really in demand and then successful career is virtually guaranteed to you.