Top Seven Career Paths You Can Pursue with an MBA Degree
by Abdul Aziz Mondal Job & Career Published on: 27 September 2021 Last Updated on: 16 October 2024
Career decisions are critical as the future life primarily depends on them. Although some people do not make a career in the field, they study. Still, the majority take the same profession and often spend their whole lives in the same occupation. The modern job market is intensely competitive.
People have to think through before enrolling in degrees to ensure that they get a job easily after completing their course. In the modern world, students have become smart, and they want to pursue a degree that opens multiple career pathways for them. MBA, Masters of Business Administration, has been a popular choice for a degree for decades.
Despite the world practices changing significantly in the past few years, it still holds the same significance and attracts many people worldwide.
MBA has become a broad field, and several courses come under its umbrella. With emerging technologies and changing dynamics of the modern world, the area of MBA continues to expand and introduce new programs. People want to learn more about the professions they can pursue after completing the degree.
Some people say that an MBA is not worth the money and efforts, making students question their career choices. Therefore, if you’re wondering, what can you do with an MBA degree? The answer is, an MBA is a sought-out graduate-level degree in the business community, and it paves the way for different careers.
The following are some career paths that people can pursue with an MBA degree:
1. Business Consultant
After an MBA degree, the job of business consultants varies as per the industry, and it is customizable. Consultancy is about giving advice; business consultants help clients in different aspects of running a company. They are involved in marketing, finance, accounting, human resources, and management.
Business consultants understand clients’ needs, assist them in developing detailed business plans, constantly pinpoint areas that need improvement, and determine businesses’ KPIs. The beauty of business consultancy is that they do not have to stick to one business type or client and take multiple onboard as per their convenience.
The truth is, MBA is a broad spectrum and equips people with contemporary business skills that help them work as business consultants.
2. Marketing Manager
Marketing is a significant component of a business. With an MBA degree, people can make a career as a marketing manager and help companies make their products or services appear appealing to audiences.
They can influence how a brand appears in the market and lead the way the company communicates to the audiences. Marketing managers work with the marketing team and come up with innovative strategies while designing marketing campaigns. They also represent marketing teams in other departments, such as product management, sales, and customer support. Sometimes they collaborate with other department heads to offer new ways of reaching customers.
3. Entrepreneur
As the name implies, MBA is about business, and it equips people with the skills required to run a business. Many people have a business idea that they want to turn into reality. They feel it can help them generate a substantial profit. Aside from the view, they need to possess certain skills to establish a company and make their name in the market.
MBA helps them earn the capabilities require to survive in the competitive world as an entrepreneur. They learn the basics of competitive analysis, human resources, management, budgeting, and other matters regarding business. Although people can run a company without an MBA degree, still a degree polishes their skills and prepares them for the ruthless world.
4. Personal Financial Advisor
MBA degree holders do not necessarily have to be associated with a company. They can establish their private practice and work for individual clients. They can take a role as personal financial advisors and help a client assess their financial situation. Personal financial advisors look into clients’ assets, such as investments, properties, and stocks, and analyze their value.
They use their skills and expertise and design financial plans aligning with clients’ long-term and short-term goals. These individuals have watchful eyes and keep an eye on economic trends. Their insight into financial matters helps them predict future trends. Personal financial advisors can work with more than one client simultaneously and help them plan their finances.
5. HR Manager
Contrary to prevalent ideas, human resources managers are concerned with hiring new staff. Aside from recruitment, they look into companies’ policies, design regulations, take disciplinary actions on violations, and process payrolls. In addition, they are responsible for maintaining and updating employees’ records and conduct benefit analysis.
HR is an essential department of an organization, and HRM plays an active role in the support and growth of companies. HR managers recruit candidates and hire people with the capabilities required to help companies grow and improve productivity.
6. Investment Banker
Investment bankers’ job is stressful as they provide multiple services to corporations, agencies and government entities. They act as financial advisors as they help clients with their stocks and other offerings. Investment bankers handle mergers and acquisitions as they know other clients with similar requirements and devise win-win plans that benefit both parties.
Investment bankers use their expertise to make strategic financial decisions for clients by analyzing trends in the market and monitoring their clients’ companies’ performance. With an MBA degree, you can become an integral aspect of the stock market as an investment banker and provide capital through selling equities.
7. Management Analyst
Pursuing an MBA degree helps people gain evaluating and analyzing skills. They can easily determine areas that lack performance and need improvement. Management analysts are often referred to as management consultants who advise companies’ management on improving efficiency. Although their duties vary from project to project, the crux of their responsibilities lies in helping organizations manage companies. They investigate data, such as expenses, employment records, revenues, and recommend alternative practices and new solutions to businesses’ issues.
Conclusion
Experts say that people must weigh their pros and cons before choosing a career. They must opt for one that suits their passion and offer financial security. Modern-day students are aware of the intense competition in the job market. They prefer to choose a degree that guarantees them a job. MBA is an all-rounder degree, and people with MBA can land a job in multiple industries. The degree equips people with the latest business strategies and helps them to excel in their field. In addition, with an MBA, people can switch their careers if they feel bored at their jobs and adopt a new profession.
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