Earning a Master’s in Business Administration (MBA) can enhance the career prospects for business professionals by unlocking the door to specialist job promotions and attractive salaries. Studying for an MBA provides an opportunity to gain a comprehensive knowledge and skill set, applicable to senior management roles, corporate leadership and entrepreneurship.
The main career advantages gained by earning an MBA are:
1. It’s a Worthwhile Investment
Alongside gaining an internationally recognised qualification which looks attractive on a CV, studying for an MBA provides an opportunity to carve out the right career path to maximise a candidate’s potential. It also develops many transferable skills such as critical thinking, creativity and effective decision making. These skills are in high demand within modern-day businesses.
2. Access to Competitive Salaries
In 2019, it was reported by US News that the average salary for an MBA graduate was around $106,000. And even up to $87,000 a year in the non-profit sector.
3. Next Level Job Opportunities
An MBA qualification remains well respected within business. Many companies now only accept an MBA qualification for specific roles. Completing an MBA programme will give a candidate a distinct advantage when applying for senior or specialised roles.
4. Corporate Network Access
Acquiring a variety of mentors and a business network in your chosen field can help to pave the way to becoming a successful business leader. Whilst studying for an MBA, students automatically create a network by connecting with peers, professors, internship opportunities and businesses. Successful networking leads to a successful business.
Studying for an MBA is the starting point for a sustainable and rewarding career. Once completed, an MBA graduate has many options available to embark on a career path that most interests them. Specialist business education is appealing to many sectors.
Here are just 10 of the potential career opportunities following completion of an MBA:
OPERATIONS MANAGER
An operations manager is responsible for overseeing a company’s operations and logistics and is often involved in developing company policies and strategies. This role requires delegation and strong leadership skills to ensure a team can deliver on deadlines. This role is essential to the sustainability and profitability of a business and anyone who’s successful within this type of role will be in.
- There’s a 6% growth predicted for this role within the next 3 years
MARKETING MANAGER
Marketing managers are responsible for generating interest with new and existing customers. Their work is crucial for generating revenue and maximising profit. Due to ever-increasing market competition, marketing managers are predicted to be in demand like never before. Creative marketing strategies will be a key element to a company’s growth within a global market.
- There’s a 9% growth predicted for this role within the next 3 years
FINANCIAL ANALYST
A financial analyst advises companies or shareholders when making investment decisions. They play a significant part in assessing the overall finances of a company. They also play a key role in assessing the performance of various investments, as well as stocks and bonds. Investments have a great deal more complexity in today’s global economy, meaning that specialist knowledge within this area is highly sought after.
- There’s a 12% growth predicted for this role within the next 3 years
PRODUCT MANAGER
A product manager takes the lead on everything that’s involved with a specific product or a piece of technology. This role creates a blueprint for the overall strategy of the product’s development and production. Good product managers are creative, progressive and ensure that the product always meets the needs of the end customer. A product manager will remain ahead of new trends and cutting edge technology.
- There’s a 12% growth predicted for this role within the next 3 years
BUSINESS DEVELOPMENT DIRECTOR
This role provides the opportunity to work within a variety of industries. Directors of business development must seek out new business opportunities and areas of focus, in order for a company to remain competitive. They develop and implement business strategies to build upon existing business and create scope for new business. Effective business development directors are currently in demand within b2b, b2c and not for profit sectors.
- There’s a 9% growth predicted for this role within the next 3 years
IT MANAGER
Information technology services are a necessity for daily business operations. An IT manager has overall responsibility for all computer-related systems within a business. It’s their responsibility to oversee the implementation of all new technology, maintain the successful running of existing technology and to set IT goals within an organisation. There is a surge in demand for top-level IT managers as companies need to remain at the forefront of technology to remain competitive within the global economy.
- There’s a 15% growth predicted for this role within the next 3 years
LOGISTICS MANAGER
A logistics manager holds responsibility for the supply chain within a company, providing a full analysis and precise coordination of the operation. Logistics managers oversee the full life cycle of a product, from production to distribution, through to delivery. Those who are effective within this role-play a vital part in increasing profit for an organisation and those who can perform successfully on a global level have the opportunity to reap great rewards for their specialised skillset.
- There’s a 2% growth predicted for this role within the next 3 years, however, MBA graduates with supply chain knowledge will be in higher demand
INFORMATION SYSTEMS MANAGER
With cybercrime and the need for cybersecurity on the rise, there’s never been a greater urgency for a company’s IT to be protected from hackers. An information systems manager is responsible for the function and protection of an organisation’s technology network. Undertaking a role as an information systems manager is a stepping stone to becoming a CIO (Chief Information Officer) or a CTO (Chief Technical Officer).
- There’s a 15% growth predicted for this role within the next 3 years
PURCHASING MANAGER
It’s a purchasing manager’s responsibility to plan, direct and coordinate the purchase of all components and materials for the daily operation of the business. They would generally have a team of buyers who’d require direction and instruction. With the market currently at its most competitive, a purchasing manager plays a pivotal within supply chain management.
- There’s an average growth predicted for this role within the next 3 years, it’s been forecast that there’ll be demand within third party or contracting roles
HR MANAGER
Human Resources plays a vital part in the daily operations of a business. The responsibility of coordinating administration within a business falls to the HR manager. They oversee recruitment, hiring, training and welfare of staff as well as ensuring that company policies are being adhered to at all times. With employment laws are becoming ever more complex and a global spotlight on equality and diversity. Companies are seeking candidates with specialist people and organisational skills.
- There’s a 15% growth predicted for this role within the next 3 years
Choosing a career path after completing an MBA programme is a pretty open playing field with plenty of opportunity to obtain senior roles across a variety of industries.
SSBR not only offer a practical and progressive MBA programme, but offers an opportunity to narrow down into an area of specialty by choosing to major in:
- Digital Marketing
- Strategic Management
- Logistics and Supply Chain Management
Our popular MBA programme focuses on building a toolkit of transferable skills, preparing all candidates to thrive within the career of their choosing. Find out more about studying for an MBA online with SSBR by contacting one of our team.
Email: info@ssbr-edu.ch
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