MBA Jobs and Careers
MBA Jobs and Careers
There are as many job opportunities for MBA graduates as there are business sectors. The placement game for newly minted MBA graduates often occurs on a narrow field but there is no substitute for graduate level business training when applying for any sort of management job. A lot of strategy is devoted to career planning among MBA students but the fact is that the degree will carry a graduate for a number of years regardless of the first years of experience. In the current job market even some MBA graduates are finding the hunt difficult, but with a gold standard degree there should be no concern about breaking in where you can and waiting for the opportunity you want to develop.
1. Marketing Director: Marketers create the environment that drives sales. They are responsible for advertising themes, branding, and for decisions on what sort of advertising communications tools should be used. Marketing models are changing weekly with the rise of the social networks online and the Internet outreach tools provided by websites. Marketing and advertising is an interesting field right now going through a revolution as our communications and media outlets are all gravitating to a digital environment.
2. Financial Manager: Usually this position entails management of an accounting and finance department in a business environment. Some degree of academic experience in management accounting is necessary for this role, as is an understanding of business finance. Because it is a position where the management of cash flow meets the analysis of financial options, the job of financial manager in a corporate setting can be a critical role.
3. Human Resources Manager: This title could also be human resources director, although there is an entire academic discipline devoted to HR today so MBA graduates may be in competition with professionals who hold a graduate degree in HR management. Nevertheless it is a popular major for MBA graduates and many businesses appreciate having a HR manager in place that understands the entirety of the business administration process.
4. Operational Development Director: Working in a position with this title may require extensive administrative skills at some point in the development process, because operational development often means change management due to a corporate acquisition or a downsizing effort. Operational development is the job of putting a management structure in place, whereas operational management is the day to day guidance of a business division or unit.
5. Financial Analyst: This is an impressive title for an entry level position at the Wall Street investment banks and at similar institutions located elsewhere. But financial analysts also work in corporate settings analyzing the management of cash flow and commitment of capital. A financial analyst in a business environment may be charged with developing a financial strategy for the firm and laying it out to the executive decision-making team.
6. Business Consultant: A remarkable number of MBA graduates list their initial job placement industry as "consulting." The B-schools that publish these placement lists don't specify what sort of consulting, but firms like McKinsey and Booz Allen and dozens like them consult in every facet of business, from operations and internal efficiency to accounting and finance. For many MBA graduates an initial stint as a consultant is an excellent first step for networking purposes and for a quality experience listing on the resume.
7. Personal Financial Advisor: This profession can entail a position at a large, high-powered investment house or it can be in a small, community based assets management firm. The nature of the job is managing personal portfolios for customers who have funds to invest and assets to protect. Many personal financial advisors acquire insurance sales licenses and Series 7 licenses in order to sell policies and securities to their customers.
8. Healthcare Executive: This is one professional field that is not going to do anything but grow in the foreseeable future. What is less clear is the nature of the institutions that will provide health care. But a MBA graduate in Healthcare Management can apply for positions in the health insurance field, in health systems management, and in the administration of large medical practices. There are plenty of growth areas in the healthcare sector.
9. Risk Manager: Many MBA graduates specialize in Insurance and Risk Management because they are coupled in the academic world. The role of risk manager in an investment house is entirely different than in the world of insurance or corporate capital management. There are career opportunities in all these areas. Finance risk managers make daily decisions on investments in the derivatives market, where analysis of the financial instrument is the key to risk analysis. Insurance risk is a more traditional evaluation of exposure on various types of underwriting situations.
10. Real Estate Investment: This field is an excellent opportunity for a recent MBA graduate who is interested in wealth accumulation through real estate management, development, and investment. There are many firms that do all three. Commercial real estate companies tend to accumulate properties and then build a management division to provide maintenance and operations. There is also a great deal of strategy to the acquisition and sale of real properties, and there is an entire investment market in Real Estate Investment Trusts (REITs).