MBA Careers - Future Outlook
The number of jobs should increase in most MBA careers this decade. Learn about eleven MBA careers that could experience superior job growth.
Your MBA career opportunities should increase throughout the decade, according to the U.S. Bureau of Labor Statistics (BLS). Between 2008 and 2018, the BLS projects employment increases in 25 out of 29 management, business and financial occupations. Eleven occupations are expected to experience superior employment growth.
MBA Careers: 'Much Faster than Average Growth'
Personal Financial Advisors
Expected growth: 30%; Mean annual wage: $94,180
Could assist people seeking investment advice in hot job spots including New York, California and Florida.
Expected growth: 25%; Mean annual wage: $61,190
Would engage in projects to build roads; subway, water, and sewage systems; airports; and electric power plants.
Expected growth: 24%; Mean annual wage: $84,650
Should fill positions in consulting firms, pursuing international business or specialized in biotech, health care, information technology, human resources, engineering, and marketing.
Accountants and Auditors
Expected growth: 22%; Mean annual wage: $67,430
Would increase as new businesses and financial laws emerge, and corporate scrutiny heightens.
Human Resources, Training, and Labor Relations Managers and Specialists
Expected growth: 22%; Mean annual wage: $54,530 - $105,510
Could rise to manage new personnel regulation, health care options, mediation processes and international employees.
Expected growth: 20%; Mean annual wage: $85,240
Would work with increasingly complex institutional investment products and fulfill global investment analysis needs.
MBA Careers: 'Faster than Average Growth'
Computer and Information Systems Managers
Expected growth: 17%; Mean annual wage: $120,640
Would increase as businesses install more sophisticated computer networks, intranets and Web sites, and boost information security.
Expected growth: 17%; Mean annual wage: $93,290
Could make buildings energy efficient and manage national infrastructure improvements.
Medical and Health Services Managers
Expected growth: 16%; Mean annual wage: $90,970
Would improve quality; control costs; oversee record computerization and security; and emphasize preventive care.
Meeting and Convention Planners
Expected growth: 16%; Mean annual wage: $48,060
Should organize more conventions as the need for periodic, face-to-face business meetings arises as a result of overseas expansion and working group internationalization, due to e-mail, videoconferencing and the Internet.
Expected growth: 15%; Mean annual wage: $69,240
Should increase as organizations become more complex, demanding more financial controls.
After completing your MBA education, you can pursue a range of careers. While some areas in the business world have been hard hit by the economic downturn, individuals with strong business skills should still see employment opportunities in a range of sectors.
Maricelle Ruiz-Calderon has worked as a marketing consultant, professor, and journalist in the United States and Europe. She possesses experience in a variety of sectors, including technology, education, consumer goods and financial services. Maricelle earned a Master in Journalism from Northwestern University and an MBA from Washington University in St. Louis.
Management and business and financial occupations - Dec 17, 2009 • U.S. Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-11 Edition