The Top Careers for an MBA
- Graduates with an MBA degree are able to select between several high-paying careers.students image by dinostock from Fotolia.com
A Master in Business Administration, or MBA, degree is a post-graduate degree within the field of business communication. Individuals who enjoy working in business or administration often seek out this degree program as it prepares students through advanced theoretical coursework. With an MBA degree, students are able to undergo several high-paying career choices. - A marketing director is responsible for developing, creating and overseeing marketing strategies for a company. The main duty for a marketing director is to research marketing segments, which are large social groups within society that are defined by age, income, sex and race; however, other factors are also considered when defining a marketing segment. Upon review of these segments, a marketing director helps to evolve a marketing campaign to attract the segment that is most likely to be interested in the company’s product or service. Marketing directors must understand statistics and math and daily duties can vary dramatically according to where they work. Aspiring marketing directors must graduate with a bachelor’s degree in marketing, or another related field, and obtain entry-level work in a marketing department. To progress to this upper-management level career, marketing directors must obtain an MBA from an accredited institution. As of 2010, the salary for marketing directors can range from $49,385 to $122,171 per year, according to PayScale.
- Financial managers can work in almost any industry as these professionals are needed to oversee the preparation of financial documents, reports and help create long-term plans/goals to ensure the financial stability of a company. Financial manager duties will range from company-to-company; however, some of the general duties for this position include directing investment activities and implementing financial-managing strategies. Financial managers are able to work under specific titles, which according to the U.S. Department of Labor, include cash managers, credit manager, risk & insurance managers as well as international baking manager. Aspiring financial managers must obtain a bachelor’s degree in accounting, finance, economics or some other related field as well as an MBA degree. The U.S. Department of Labor states the job outlook for financial managers is expected to increase by 8 percent by 2018. The average salary for a financial manager can range from $72,030 to $135,070 per year.
- The basic job function for an investment banker is to negotiate, arrange and oversee large monetary transactions for clients. Investment bankers are able to work with clients on various projects. Corporate investment bankers normally negotiate and oversee a merger or acquisition of two companies as well as help develop a financial plan to help reduce budget deficits for companies. Investment banking offers professionals several career avenues, which include sales and trading, corporate finance, research, private client services as well as asset management. Investment bankers must obtain a bachelor’s degree in finance, accounting or another related field and obtain entry-level work in the field of investment banking in which they wish to work. During entry-level employment, aspiring investment bankers must obtain an MBA degree from an accredited institution. As of 2010, the average salary for an investment banker ranges from $62,147 to $128,828 per year.
Marketing Director
Financial Managers
Investment Banker
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