Last Updated on August 28, 2023

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The Highest Paying MBA Careers

Getting a Master of Business Administration (MBA) degree is one of the most solid investments you can ever make in life. Apart from helping you expand your career opportunities, it also prepares you for good paying jobs in today’s competitive job market. Here are some of the highest paying jobs that you can apply for as an MBA graduate.

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1. Investment Banker

An investment banker helps companies and government agencies raise money in the capital markets and provide strategic advice mergers and other types of financial transactions.

Education
The position of an investment banker typically requires a strong educational background in MBA with a concentration in finance.

Salary
it’s hard to establish the annual salary of an investment banker because it depends on a variety of factors such as location, company size and experience. However, the BLS indicates that the average salary is $450,000 per year.

2. Financial Manager

With your MBA degree, you can choose to enter the financial sector and work as a financial manager in a bank, an insurance company or any other financial institution.

Education
According to statistics, many employers prefer MBA graduates with strong mathematical and problem-solving skills.

Salary
The starting salary of financial managers ranges from $300,000 to $350,000 per year. After working for a certain period of time, the salary can be raised to an average of $400,000 per year.

3. Chief Technology Officer

The work of a chief technology officer is to establish a company’s technical vision, manage the technical team and oversee every aspect of technological development. He is also responsible for overseeing special projects, monitoring technology and social trends, participating in management decisions and ensuring adherence to all technical standards.

Education
While research has been a core component of business for a long period of time, the development of information technology has increased the importance and need of chief technology officers. To be employed as a chief technology officer, you should have an MBA degree with a specialization in information technology management.

Salary
The annual salary of a chief executive officer varies depending on a number of factors such as level of education, company size, years of experience and location. The average salary is $200,000 per year.

4. Information Technology (IT) Director

IT directors are responsible for making sure that a company’s information technology is effective and secure by developing and implementing the goals of the IT department, analyzing the business and IT requirements for different departments and conducting feasibility studies to determine the best and most reliable use of technical resources.

Education
If you have an MBA degree with a specialization in IT management, this is the right field for you.

Salary
According to the BLS, the annual salary of IT directors is $155,000.

5. Investment Bank Manager

An investment fund manager provides financial advice, makes informed financial decisions and recommendations, assesses and interprets complicated financial information and holds regular meetings with company managers and investment analysts to discuss financial matters.

Employers
Typical employers of investment fund managers include investment banks, stockbrokers, life insurance companies, charities and asset management companies.

Education
To qualify for a position as an investment fund manager, you should have an MBA degree with a concentration in finance. On top of that, some employers look for candidates with ambition, strong time management skills, determination, analytical skills, leadership skills and ability to work effectively under pressure.

Salary
The average salary of an investment fund manager is $135,000 per year. However, the salary can be substantially higher because of bonuses.

6. Marketing Manager

A marketing manager is responsible for helping a company or organization obtain new customers and expand into new markets. He researches trends, estimates demand, identifies new opportunities and develops effective marketing campaigns. He also identifies and maintains the competitive advantage of a company.

Education
To qualify as a marketing manager, an MBA degree with a specialization in marketing is required. In some high-tech companies, you may also be required to have an engineering or science degree.

Salary
The average salary of a marketing manager is $120,000 per year. Top salaries are given to those with advanced education and extensive experience.

7. High-End Management Consultant

A high-end management consultant provides the focused direction a company requires to stay competitive and relevant by helping solve management problems, maximize profits, increase efficiency, control costs and increase worker productivity. He also helps a company establish an online presence and adjust to new business regulations. He works closely with chief operations officers, chief executive officers and chief financial officers.

Education
Many employers prefer to hire or work with those who have a master’s degree in MBA and relevant experience in the industry.

Salary
According to www.glassdoor.com, a high-end management consultant earns an average of about $115,000 per year. The pay is significantly higher for those who have been in the industry for quite a long time.

8. Computer and Information Systems (CIS) Manager

A CIS manager coordinates and directs all computer-related activities of a company such as the installation and upgrading of hardware and software, providing the ICT infrastructures, development and maintenance of computer networks and contributing to organizational policy regarding strategic planning and quality standards.

Employers
As a CIS manager, you can work in the insurance, finance, information or systems design industry.

Education
To be employed, you are required to have a master’s degree in MBA with at least an information science or technology as a core component. In addition to that, some employers prefer candidates with strong leadership, communication and interpersonal skills.

Salary
The salary of a CIS manager depends on company size and employer. According to the U.S. Bureau of Labor Statistics, the average salary of CIS managers is $90,000.

9. Health Services Manager

The constantly expanding and diversifying health care industry is in need of knowledgeable and skilled managers to make sure that it runs smoothly and effectively. A health services manager, also called a health care administrator or health care executive, is responsible for planning, directing, coordinating and directing health and medical services. He may be in charge of an entire facility or specialize in managing a specific department.

Education
To become a health services manager, you should have an MBA degree with a concentration in health services management and finance.

Salary
The annual pay for a health services manager ranges from $75,000 to $80,000 for new employees and $850,000 to $87,000 for established managers.

Best-paying MBA majors

Do you want your MBA to pay off with a high salary? Then choose your MBA concentration carefully. Here’s a look at seven high-paying MBA specialties.

Jen Hubley Luckwaldt, Monster contributor Best-paying MBA majors

These are the highest-paying MBA concentrations.

If you want your MBA to pay off, choose your area of concentration carefully.

What is an MBA? An MBA is a Master of Business Administration, a graduate-level degree given to a student who graduates from a business school program.

“Getting a higher degree is not always a win, so you really have to be aware of [the difference between] what is common in your field and what is desired in your field,” says Katie Bardaro, a lead analyst at PayScale.com.

In some fields, such as finance, an MBA is practically a requirement, even for entry-level jobs. In areas like technology, however, experience in the field may be more important.

Certifications can be almost as valuable, depending on the field. For example, the Chartered Financial Analyst certification—earned by passing a difficult three-part exam—can, in some ways, set you apart more than an MBA, Bardaro says.

While the average mid-career pay for all MBAs, regardless of specialty, is $99,587, according to PayScale, you can make a lot more by choosing the right concentration. Aside from your specialty, salaries depend on your level of experience and where in the country you work. For example, a product development manager salary in Columbus, Ohio, is 5% higher than the national median; an IT director salary in Cambridge, Massachusetts, is 6% higher than the national median; and a marketing manager salary in Boston is 12% higher than the national median.

Using PayScale data, Monster identified the seven common, high-paying MBA specializations ranked by graduates’ typical mid-career earnings. See which MBA concentrations pay the best as well as the top business jobs associated with each MBA specialty

Strategy

What you need to know: What sets this MBA specialization apart from the rest—and could be the reason why this is the top-paying concentration on our list—is because it requires a mastery of business theory, teaching students how to think “big picture” about management decisions that influence a company’s success.

What you’d make: $127,000 per year

Common jobs and salaries for MBAs with a strategy concentration:

Management consultant: $123,000 per year
Senior product manager: $141,000 per year
Finance manager: $120,000 per year

Find strategy jobs on Monster.

Technology management

What you need to know: While management jobs in the technology sector don’t necessarily require an MBA, this concentration can help you become a better leader as you move up the career ladder.

“Usually people who move into technology management positions started off as developers, software engineers [or] software architects, and move into [management] roles because they have a better understanding of the technology,” Bardaro says.

What you’d make: $113,000 per year

Common jobs and salaries for MBAs with a technology management concentration:

Information technology (IT) director: $147,000 per year
Vice president of IT: $177,000 per year
Senior project manager, IT: $130,000 per year

Find technology management jobs on Monster.

Entrepreneurship

What you need to know: Have a great idea, but don’t know what to do with it? An entrepreneurship MBA concentration can help you develop the skills, resources, and connections you need to build a business successfully.

What you’d make: $106,000 per year

Common jobs and salaries for MBAs with an entrepreneurship concentration:

Senior product manager: $135,000 per year
Product manager, software: $110,000 per year
Management consultant: $126,000 per year

Find entrepreneur jobs on Monster.

Finance

What you need to know: Finance is known as an MBA-heavy field, even at the junior level. Financial analysts and portfolio managers often either have an MBA or are working on one.

What you’d make: $103,000 per year

Common jobs and salaries for MBAs with a finance concentration:

Finance manager: $112,000 per year
Chief financial officer: $183,000 per year
Senior financial analyst: $86,300 per year

Find finance jobs on Monster.

General business

What you need to know: This MBA concentration takes a generalized approach to give students well-rounded business knowledge that’s required to analyze business trends, understand a company’s finances, and manage a team of workers.

What you’d make: $99,900 per year

Common jobs and salaries for MBAs with a general business concentration:

Business development director: $156,000 per year
Director of engineering: $167,000 per year
Operations manager: $84,000 per year

Find general business administration jobs on Monster.

Economics

What you need to know: This concentration offers in-depth knowledge of economics—even outside of the traditional business world—by teaching students how to put economic theory into practice.

What you’d make: $97,400 per year

Common jobs and salaries for MBAs with an economics concentration:

Finance director: 120,000 per year
Senior financial analyst: $85,000 per year
Finance manager: $120,000 per year

Find all economics jobs on Monster.

Marketing

What you need to know: While marketing is not an area that requires an MBA for low-level jobs, it has become very popular for workers to get MBAs in this field, especially at the higher job levels and even in careers outside of marketing. That’s because an MBA in marketing teaches skills in mathematics, communications, analytics, and management that can be applied across industries.

What you’d make: $95,500 per year

Common jobs and salaries for MBAs who specialize in marketing:

Vice president, marketing: $183,000 per year
Marketing director: $121,000 per year
Marketing manager: $78,900 per year

Find marketing jobs on Monster.

Score a top MBA job

If you’re angling for a big paycheck, knowing which industries have the highest demand for new hires can help narrow your job search. Then, it’s time to get in front of hiring managers. Need some help grabbing their attention? Join Monster today. As a member, you can upload up to five versions of your resume—each tailored to the different types of MBA jobs that interest you. Every day, recruiters search Monster looking to fill top jobs with qualified candidates, just like you. Additionally, you can get job alerts sent directly to your inbox to cut down on the time you’d spend combing through ads. The sooner you get started, the sooner you’ll be earning what your skills demand