If you’re looking to continue your education for any reason, be it that you’re fresh out of college with your Bachelor’s degree or you’ve decided it’s time you get a Master’s, or if you just want to change your career track, getting an MBA might be the perfect choice for you! Now is the perfect time for you to jump into the business track, because it is one of the most successful career tracks around right now!
Why are MBA careers on such a rise right now?
It is because any business owner who’s worth their beans knows that they need a manager or analyst to make sure that their business runs smoothly. Even people on their own, without a business, want to have personal financial advisors or accountants to make sure that they are spending their money wisely. These days, money is almost everything. You need money to do what you want to do, no matter what it is, and people are aware of that.
Business owners are willing to spend their money on business or management graduates because they realize that investing in someone with that skill set will greatly improve their revenue. Also, because of this, many business owners and employers are offering more and more internships for people working towards an MBA. Paid or unpaid, an internship like that is one of the best ways for someone to get a real job right after graduation, so having such a high number of internships in careers that have such a bright outlook going forward means that now is the perfect time for you to jump into getting an MBA!
No need to wait for better opportunities, because MBA careers have been on the rise for a few years by now! Other paths are not so predictable or obviously beneficial!
When considering what to study for a Master’s degree, one must look ahead to what will be in high demand by the time they graduate and are ready to jump in. With some degrees, it can be hard to predict that, but with others, just looking at the numbers will make it obvious that that career path is on the up and up! MBA is one of those tracks!
Almost every single MBA career is projected to have above average or way above average career growth. As it stands right now, the very best projected career growth for an MBA career is for personal financial advisors. Not to mention, that particular career has an average salary of over $94,000 annually! The next fastest growth lies with management analysts, with an average salary of around $61,000. but there are plenty more choices than that!
Keep in mind that you could go into school for an MBA and focus on something specific, or study everything to be good in general. Each has its pros and cons – Being a specialist will make you more appealing to employers in your specified track, but limit you to that track, while being a generalist will give you the freedom to switch tracks whenever you like, though you won’t have the same level of expertise with that track.
That particular choice is fully up to you and how you like to work. But whichever one it is, you should still consider all of the MBA careers you can, given the sheer number of them that are on the rise! Below is a full list of the top 13 MBA careers in the order of how far above average their projected growth rate is. Average salaries are also listed so you can take that into account as you explore your options.
Personal financial advisors, with an average salary of around $94,000 annually
Management analysts, with an average salary of around $61,000 annually
Auditors and accountants, with an average salary of around $67,000 annually
Human Resources, Training managers, and labor relations managers, all with average salaries of anywhere between $54,000 and $105,000 annually
Financial analysis, with an average salary of around $85,000 annually
Computer and information systems managers, with an average salary of around $120,000 annually
Construction managers, with an average salary of around $93,000 annually
Medical and health services managers, with an average salary of around $91,000 annually
Meeting and convention planners, with an average salary of around $48,000 annually
Budget analysis, with an average salary of around $69,000 annually
Of course, you don’t want to base your career decision entirely around which one has the best projected growth rate, or the highest average salary. You want to make sure that you wind up picking the career path that you believe you will enjoy the most.
This is true for everyone, but luckily, for those who want an MBA career, you won’t have to sacrifice one to get the other!