Most of the successful people who are earning highest salary jobs after mba must have finished their MBA or any other postgraduate degree. The postgraduate course is considered by many as a stepping stone to a lucrative career, in which your academic credentials will play an important role.
highest salary jobs after mba
An MBA program can give you detailed knowledge about business strategies, human resources, advertising and operations management. Many programs also allow you to specialize in a career-related topic such as marketing, entrepreneurship or finances. If you hold an MBA, you might enter upper-level management positions at corporations, banks, research companies and public relations firms.
Important Facts About Careers for MBA Grads
| CHIEF EXECUTIVES | SCIENCE MANAGERS | FINANCIAL MANAGERS | MARKETING MANAGERS | |
|---|---|---|---|---|
| Key Skills | Leadership, decision-making, communication | Problem-solving, time-management, critical-thinking | Analytical, organizational, detail oriented | Interpersonal, organizational, communication |
| Required Education | Typically at least a bachelor’s degree | Ranges from a bachelor’s degree to a PhD in a required field | Typically a bachelor’s degree and at least five years of experience | At least a bachelor’s degree |
| Work Environment | Local, regional, national, and international offices | Typically a team setting in the field or a laboratory | Commonly full-time in many different industries, such as banking and insurance companies | Lots of traveling, commonly deadline heavy |
| Similar Occupations | Administrative Services Manager, Human Resources Manager, Sales Manager | Agricultural/Food Scientist, Chemist/Materials Scientist, Geoscientist | Budget Analyst, Financial Analyst, Loan Officer | Market Research Analyst, Public Relations/Fund Raising Manager, Public Relations Specialist |
Chief Executive
The role of chief executive is an advanced position that provides very high pay and status. The U.S. Bureau of Labor Statistics (BLS) reports, however, that the job can be competitive and demanding (www.bls.gov). The number of positions was projected to decline 10% from 2019-2029, according to the BLS, although specific fields, such as health services, should have more job openings. To gain a chief executive position, you might want to earn an Executive MBA, which usually requires you to have managerial experience before starting your graduate program.
According to the BLS, chief executives earned a median yearly wage of $185,950 as of May 2020. The BLS reported that most chief executives worked for local government, excluding schools and hospitals (oes designation), while management of companies and enterprises were the second largest source of employment. The top-paying states for chief executives as of May 2020 were South Dakota, New Jersey, District of Columbia, Connecticut, and Washington, which all had average annual wages over $243,000.
Science Manager
If you’re an MBA graduate with an undergraduate degree in the natural sciences, you could become the manager of a pharmaceutical or aerospace research lab or manufacturer. According to the BLS, natural sciences managers earned a median yearly wage of $137,940 as of May 2020.
Knowledge of engineering and computer science combined with a business degree can also lead you to a career as a technology or information systems manager. According to the BLS, positions in this field were predicted to increase faster than average 5% from 2019-2029. Computer and information systems managers made a median wage of $151,150 annually as of May 2020.
Financial Manager
With your MBA, you can enter the financial sector and work for a bank as a branch manager, credit manager or treasurer. According to the BLS, many employers prefer applicants who have a business administration education as well as strong problem-solving and mathematical skills. According to BLS figures, financial managers earned a median salary of $134,180 per year as of May 2020.
The BLS projected financial management jobs to rise 15% from 2019-2029, which was faster than average. New York was the highest-paying state for financial managers, with an average annual salary of $215,640 as of May 2020. New Jersey, District of Columbia, and Delaware also paid workers higher wages, averaging above $172,400 per year.
Marketing Manager
If you’re an MBA grad who also enjoys socializing, you might find a high-paying career as a marketing or public relations manager. You can take on clients and advertise them through a variety of methods, including special events, interviews, social media and television. You can also conduct research on how to best advertise and sell specific products to a particular demographic of buyers. To better stand out in the job market, you might want to earn a concentration in marketing with your MBA.
According to the BLS, public relations managers earned a median salary of $118,430 per year as of May 2020, while marketing managers made a median wage of $142,170. Advertising and promotions managers earned a median income of $133,460 yearly.
The demands of the times and growing economy have been changing our approach towards everything. Be it for us or for businesses, we are up for change. The time has come when you should be constantly willing to undergo changes in yourself so as to better your career and make it a success.Along with the rapidly developing world we all are facing with lots of uncertainty and different challenges in our life. Nowadays, we can see that there’s rapid growth in every field from sports to science to business.It is one such field after which people will be searching very high for jobs and opportunities. To become a successful person not just for your own sake but to help your family, friends, and sometimes even other people!. So never accept failure in life, always keep trying and keep trusting your capability and ensuring future. Once you will trust yourself, you’ll feel that change is coming ahead of itself where you are going to achieve all kind of dreams easily which you were once only dreaming about.
