Having a Master of Business Administration is like having the golden ticket in this day and age.
As an internationally recognized qualification, it provides you with endless opportunity to grow, expand, and succeed. It can also make you a big chunk of money that very few other degrees can offer.
Do you want to earn a lot of money? Of course, you do! Any of these 11 jobs can pave the way from rags to riches, with number one and nine more than most…
1. Investment Banker
If you have visions in your head of an investment banker being a large, rotund, and balding man in a suit, then shake that vision out of your head.
YOU could be an investment banker, especially if you have an MBA. To be an investment banker means you work with either corporations or government agencies to offer advice for financial-related matters.
Along with an MBA, you also need to have had a strong focus on finances – which many people would if they saw how much an investment banker could earn. The average salary is between $100,000 and $150,000.
2. Operations Analyst
If you like being the boss (and bossy), then getting your MBA to become an Operations Analyst is a must. Not only can you earn close to $55 per hour at the higher end of the scale, but you get to tell everyone how to do their job.
Your job as an Operations Analyst is to come up with better structures and processes for getting the job done more effectively.
You will also have a keen eye for detail while helping the business make more money.
3. IT Manager
The 2017 median pay for an IT Manager in 2017 was $139,000, which is probably making you rub your hands together.
If you haven’t yet decided what your specialty for your MBA will be, it might be time to set your sights on IT management.
Working in IT means you can walk around with an important-looking clipboard, making sure a company’s IT is working as it should.
You are also responsible for business analysis of IT requirements, and helping to make the most out of technology advancements.
4. Healthcare Administrator
Given the price of healthcare in the United States, which is often out of reach, it definitely pays to be on the receiving end of it.
So, if you can get a specialty in a technical industry, you can be on the fast-track to a six-figure income.
As a healthcare administrator, your job is to manage hospitals and healthcare centers, as well as care homes, nursing homes, and medical groups. You can also expect over $100,000 in exchange for your expertise in the field.
5. Sales Manager
If you pride yourself on being able to sell ice to an Eskimo, then your MBA would be put to good use in the sales field as a sales manager.
As a sales manager, you will be able to analyze market trends, create promotions, evaluate customer needs and improve sales across the board.
You will need to have an MBA with marketing experience, but you can expect to be paid handsomely for your expertise, to the tune of over $120,000.
6. Financial Manager
Are you a problem-solver, and a maths whizz? Then set your sights on an MBA to become a financial manager. The sky’s the limit for how this field can increase your wealth and expand your expertise – sometimes to the tune of over $400,000 per year.
You can work in a bank, an insurance company, or anywhere where an eye for detail and money management skills is necessary. It’s also a trendy field, with close to 600,000 jobs in this field in 2016.
7. Marketing Manager
If you have your finger on the pulse of what’s hot, what people love, and how to expand a company’s reach, then you may be in line to be the next best marketing manager.
This role requires an MBA with a specialty in marketing. And, you never know, you can also earn significant bragging rights if you end up the brains behind a global campaign.
Even if you don’t, you can still enjoy the six-figure salary that goes with the job title.
8. General Business Manager
If you’re not quite sure what the future holds for you yet, then a general business manager role could tide you over until you nail down that niche.
When you have an MBA, you are more than qualified for general business management duties – gaining experience in every field.
You will be able to understand finances, manage a team, and analyze data for better sales performance as well. For being able to do the job, you can be earning six figures per year.
9. Investment Fund Manager
Not considering commission or bonuses, being an investment fund manager can make you a mega-millionaire in no time.
However, you have to have the smarts to go with the job title and often, an MBA is just the beginning.
If you are an investment fund manager, you have to understand stock market investments, real estate, and how to choose a mix of assets to benefit the investor.
You must also know how to formulate portfolios that will end in profit rather than a loss. It’s a stressful job, but someone has to do it.
10. Software Developer
Software developers are in hot demand, particularly as the world becomes more computerized by the day.
If you have a knack for creating programs that can cater to company requirements, then your MBA is best suited to a career in software development.
An IT specialty is a preference, but being able to build programs for businesses that can streamline their processes will earn you over $100,000 per year. If you’re even slightly good at coding, it’s a career worth considering.
To become an accountant can open the door to a range of career paths – as there is no “one size fits all” approach to the industry.
As a rule of thumb, however, you can expect to dabble in financial records, daily business accounts, and preparing tax returns and statements too.
As most people would rather tear out their eyelashes then prepare their taxes, it’s also a profession that’s in hot demand.
So, even if you’re only a slight wizard with numbers, it’s a career that’s worth your consideration with your fresh new MBA.
As soon as you put on that graduation cap and receive your MBA, the world becomes your oyster.
You no longer have to scrimp and save and make do, and instead, you can opt for a high-paying job that can help to pay back that crippling student loan you now have.
Going from living at home to earning six figures is a big step to take, but it’s one that can open the doors to a new way of life you may never thought was possible.