On this site
Home Students Professionals Private Student Loans Student Loan Consolidation Student Loan Rates Calculators Student Visa Student Debt Problems Law Law Schools Medical Schools Business Schools Student Jobs Site Map
Related sites
Direct Loan Servicing
Direct Loan Consolidation
website counter
MBA Employment Opportunities
On the Job: Employment Opportunities For MBAs
Maybe you are currently working at a company you like, but have seen how colleagues with graduate degrees keep moving past you up the ladder. Maybe you are just beginning a new career, and want an advantage. Or maybe you’ve already begun applying to business schools and are currently studying for the GMAT. You may not know yet where you’ll be attending business school or what type of job you’ll end up in, but what you should know is that an MBA or Executive MBA can jumpstart a new career or kick your existing career into gear with countless opportunities of extraordinary variety.
Earning an MBA can help you broaden your skills, keep pace with the market and earn an invaluable credential that will set you apart from the pack when seeking a new job or advancement in your current one. If you choose a part-time program while working, you’ll likely be able immediately to apply skills you learn at business school to your current job, which may translate into new business job opportunities at your existing company.
When it comes to job opportunities, a graduate degree in business is like no other. That’s because of the astounding breadth of roles that will benefit from a business background. The fact is an MBA opens doors to you in almost any field, preparing you for a variety of jobs.
The Opportunities for a Great Career
So where exactly are the opportunities for business careers after graduate school? The Graduate Management Admission Council’s survey of post-grads who earned MBAs within the last one to five years is instructive. According to the 2006-07 survey of full-time MBA grads, 30% work in finance/accounting, 26% in marketing/sales, 20% in consulting, 10% in general management, 8% in operations/logistics, 4% in information technology/MIS and 2% in human resources.
The industries in which business school grads find job opportunities are as diverse as the roles business grads play. Perhaps the most traditional industry of employment after business grad school is financial services, which includes areas such as capital markets, corporate finance, sales and trading, investment managements and private equity. Accounting (whether financial, management or tax) is another natural area for MBA earners. Other popular industries today include healthcare and pharmaceuticals, technology, marketing, media, sales and real estate. But virtually every type of company in every type of industry needs employees with solid business experience.
Help with Entrepreneurs and Networking
What if you plan to work for yourself? Have you got the entrepreneurial spirit? Do you think you have a great idea for the next great business? An MBA is a logical degree to pursue to give you background and skills to help you start your own company. Of business school alumni surveyed by GMAC in April 2006, 6% were self-employed entrepreneurs. There’s no limit to the types of businesses that have a potential market out there. Of the entrepreneurs surveyed, 32% started businesses in the products/services industry, 29% are in consulting and 10% began businesses in technology or healthcare.
Opening the door to new opportunities in large part is about networking. That’s another way that getting an MBA can work for you. You’ll graduate with a class of colleagues who will end up in many fields in many industries all over the United States, if not the world, but your class is only the beginning. You’ll also have an instant network of all the alumni of the school you attend. Your business school is likely to have a professional career center or career services office that will help you connect with employers and alumni. At many business schools, employers recruit on campus, so you’ll be highly aware of the opportunities in the market even before it’s time to get your first business job or promotion.
Like the economy, demand for business school grads is cyclical. The early 2000s saw a difficult phase with recruitment down and less job slots to fill. The good news for students today is that beginning over the past year or two, hiring may have finally returned to normal. According to Al Cotrone, director of the Office of Career Development at the University of Michigan's Stephen M. Ross School of Business, in a recent BusinessWeek article, the demand for MBAs may be “entering a steady, solid phase that will last for a number of years.”
It’s worth mentioning that the jobs available to MBAs generally offer higher salaries and earning opportunities. GMAC found that those awarded MBAs who accepted job offers in 2006 expected to earn an average yearly base salary of $92,360. They also expected signing bonuses averaging $17,603. That’s a lot more than the starting salaries of those who’ve earned only a bachelor’s degree in business administration or management. According to a 2006 survey of the National Association of Colleges and Employers, their starting annual salary was just $40,976.
All in all, the opportunities for jobs are myriad for MBA holders. Whether you choose to work in the private sector, the public sector or in government, whether in financial services, accounting or virtually any industry or type of economy here in the United States or abroad, whether for someone else or for yourself, a graduate degree in business opens doors. Of course, getting a job in business after graduate school is about working hard and searching wisely, but for opportunities, the incredible breadth of jobs available to MBAs can’t be beat.
Top U.S. Business Schools, Business Colleges and Universities
American Intercontinental University
Athens State University
Tuskegee University
Alaska Pacific University
Sheldon Jackson College
Grand Canyon University
Southwestern College
Arkansas Tech University
Lyon College
Golden Gate University
National University
Mount Saint Mary's College
University of Redlands
Santa Clara University
Adams State College
Colorado Christian University
Fort Lewis College
Regis University
Fairfield University
Post University
Quinnipiac University
University of Delaware
Wilmington College
Barry University
Clearwater Christian College
Eckerd College
International College
Stetson University
LaGrange College
Paine College
University of Georgia
Chaminade University
Albertson College of Idaho
University of Idaho
Bradley University
Lewis University
Monmouth College
National-Louis university
Roosevelt University
Bethel College
Earlham College
Martin University
Taylor University
Central College
Clarke College
Drake University
Baker University
Bethany College
Tabor College
University of New England
Columbia Union College
Hood College
Salisbury University
Washington College
Boston University
Clark University
Massachusetts College of Liberal Arts
Suffolk University
Alma College
Hillsdale College
Northwood University
Walsh College
Augsburg College
Crown College
Saint John's University
Alcorn State University
Belhaven College
William Carey College
Columbia College
Drury University
Lincoln University
Missouri Valley College
Park University
Rocky Mountain College
College of Saint Mary
Hastings College
Union College
Sierra Nevada College
University of Nevada - Reno
Southern New Hampshire University
University of New Hampshire
Bloomfield College
Caldwell College
College of Santa Fe
College of the Southwest
Eastern New Mexico University - Portales
Alfred University
Clarkson University
Manhattan College
Pace University
Saint Francis College
Barton College
Gardner-Webb University
Shaw University
Jamestown College
University of North Dakota
DeVry University
Kenyon College
Marietta College
University of Rio Grande
Cameron University
Langston University
Concordia University - Portland
Warner Pacific College
Western Oregon University
Duquesne University
Philadelphia University
University of Scranton
Bryant College
Providence College
Rhode Island College
Allen University
Morris College
Dakota Wesleyan University
National American University
University of Sioux Falls
Belmont University
King College
Maryville College
Union University
Dallas Christian College
Hardin-Simmons University
Saint Edward's University
Southwestern University
Trinity University
Dixie State College
Westminster College
Champlain College
Green Mountain College
Vermont Technical College
Liberty University
Lynchburg College
Mary Baldwin College
University of Puget Sound
Marshall University
Ohio Valley College
University of Charleston
Carroll College
Lakeland College
Mount Mary College
University of Wyoming
Gallaudet University
Western Kentucky University
Northern Kentucky University
The College of Wooster