A Master of Business Administration can move an individual’s career up the ladder of success while allowing students to remain in their current careers. The business world is looking for leaders who can understand what makes success and how to measure it. A Master of Business Administration focuses on helping students develop the advanced business skills that lead to successful management positions in any field. There are numerous jobs for MBA graduates, including marketing manager, human resource manager, healthcare administrator and financial manager.
Marketing Manager
The median salary of a marketing manager in the United States is $128,750, according to the Bureau of Labor Statistics. A marketing manager researches and analyzes the demand for products and services that a business and its competitors offer. Marketing managers use higher-level business skills to make decisions and strategize in complex situations. Core requirements of a Master of Business Administration degree program like marketing management and critical thinking allow for graduates to pursue careers as marketing managers with the in-depth skills and knowledge needed to understand the market and how to maximize profits and market share.
Human Resource Manager
Human resource managers recruit, interview and hire new staff. They serve as liaisons between an organization’s executives or management and its staff. In addition to hiring and staffing responsibilities, human resource managers help current employees with problems relating to benefits, equal opportunities and conflict resolution. Engaging others and engaging the community are essential skills for human resource managers. The average salary of a human resource manager is $104,440. Entry-level human resource management positions only require a bachelor’s degree, but higher-level jobs require a master’s degree like a Master of Business Administration.
Healthcare Administrator
Healthcare administrators, also called medical and health services managers, fulfill the business and organizational leadership roles in healthcare facilities. They plan, direct and coordinate the services offered by physicians and other healthcare providers. Master’s degrees are common for healthcare administrators, though many start out their careers with a bachelor’s degree and earn a graduate degree after gaining professional experience. A Master of Business Administration with a healthcare administration track covers advanced topics like healthcare strategy and business planning, ethical and legal issues, policy trends and quality methods of healthcare performance. The average salary for a healthcare administrator is $94,500. Those who work for hospitals make $102,060.
Financial Manager
Financial managers must have an advanced understanding of financial reporting, a company’s finances and how to use data to maximize profits and success for an organization. Financial management positions include chief financial officers, controllers, credit managers, cash managers, treasurers and insurance managers. The average salary for a financial manager is $117,990. Though many financial managers start their careers with an undergraduate degree in business, a graduate degree is generally required to move up to executive positions. Courses in managerial accounting, economics and finance are all relevant to this field.
Online MBA at CTX
While there are many available jobs for MBA graduates, the aforementioned careers are just a handful. If you’re interested in learning more about how to advance your career, check out our online MBA.