A Master of Business Administration is a highly-valued degree because of the skills it teaches an individual.
These skills can help you become a good manager or a c-suite executive, depending upon how much effort you put into your work and how well you apply your knowledge and expertise.
It also prepares you for multiple challenges that you can face during your employment or while running your own business.
Therefore, it’s rightly valued for transforming individuals into professionals who can operate a business smoothly and steer it towards growth and progress.
We’ve got you covered if you’ve recently graduated with an MBA and are looking for career options.
To make things easier for you, we’ve prepared this list to enable you to evaluate the upsides and downsides of each of these options.
Once you do your evaluation, you can make an informed decision to make good use of your education.
Marketing manager:
Marketing is a thriving field since it allows companies to retain their existing customer base and multiply.
Marketing is a field of its own and is an option worth considering if you want a stable career and a good income stream. This can also be a challenging option, but it’s worth the effort.
As a marketing manager, you’ll manage a team of marketing strategists. You’ll be responsible for achieving the targets laid down by the company.
You will have to come up with innovative solutions to challenges. For example, if Diversity and Inclusion Improve Business, you will have to achieve targets towards this end.
Financial analyst:
Companies value advice that can help them grow, and any resource that can steer them towards this end is always in demand. So, once you’re done with your MBA, this is a lucrative career option that you can look into to make good money.
It can also be fulfilling to see theoretical models applied for practical benefits.
As a financial analyst, your job would be to look after the company’s investments. This means that you’ll analyze the patterns and help the company make the right decisions.
These investments can include opening a new restaurant branch, and as an analyst, your job would be to guide the company on matters related to it.
You might have to analyze the demand in various areas and recommend the company where the restaurant could be opened.
Budget analyst:
Going out of the budget is often worse than not heading towards growth because you cannot maintain your business or non-profit organization.
Therefore, people who can help them manage their finances are often in demand. They can not only help the company maintain itself but also pursue growth.
As a budget analysis, you will have to help companies devise budget strategies for the next fiscal year. This includes taking stock of the income and the expenditures.
While the data will give you clarity on this front, you can use your skills to develop innovative solutions to minimize expenses and pursue growth.
Sales manager:
For any company, the first step towards growth is increasing sales. Often companies pursue a strategy that’s all over the place instead of making concentrated efforts.
Therefore, they often wonder why the practical numbers aren’t in line with their goals for that specific period.
This is where a sales manager comes in. As a sales manager, your job would be to devise a strategy to increase the company’s sales. This can include training salespeople and setting up commissions for those who perform better than others.
This can also include creating a plan for targeted promotions to offer incentives to customers for increasing sales.
Project manager:
Project management is a lucrative career option for those who aren’t entrepreneurs.
A company may have an innovative product, but it isn’t going anywhere if it’s unable to keep up with the public’s demand because of internal company issues.
Therefore, as a project manager, you’ll be responsible for overseeing various aspects of the product, including the design, marketing, and sales strategy.
Your job would be to ensure that the product is effectively developed and maintained and caters to the customers’ demands. Your MBA skills can be instrumental here.
Business intelligence analyst:
Understanding the market dynamics can be complicated, and not everyone is equipped for it.
With the correct analysis of the market and the ongoing trends, companies can make informed decisions to stay in the game and make the right move ahead of their competitors.
As a business intelligence analyst, your job would be to look at the different trends and patterns to see how your company performs against its competitors.
This comparison would also allow you to identify the areas where your company should focus on to increase its profits and to increase its efficiency.
Entrepreneurship:
As mentioned above, entrepreneurship is the most popular option for many graduates. Today’s markets are becoming more and more receptive to those who offer innovative solutions to lingering problems or enhance living standards.
Therefore, there is an ocean of opportunities for young people to make their mark in various industries.
You can use the skills acquired during your education to launch a successful business of your own. Your management and analysis skills can give you an edge over others.
If you were offering your services to a company, you could use the same skills to pursue success yourself. However, you need to do your homework before you move in this regard.
With businesses, there are always risks involved, and you need to be clear about your financial situation before you can take any chances.
Final thoughts:
This list covers some of the options you can pursue following your MBA graduation. However, there are many more options as the skills that MBA teaches businesses highly value you.
This list aims to give you an idea of how to approach these options to compare against one another.
While this was primarily aimed at MBA graduates, if you’ve just started the program, you can equally benefit from it.
It’s always better to make early decisions to dedicate your energy towards meeting your goals.
