One of the main considerations for individuals entering a higher education degree program is the potential career outlook upon graduation. The roles in different industries that graduates can pursue, as well as the compensation for these careers, change according to the degree’s field of study.
For instance, graduates of the University of Alabama at Birmingham Collat School of Business online Master of Business Administration can pursue several different job roles and industries once they complete their program. Today, we’ll take a closer look at four of these jobs for MBA graduates, the average entry-level salary and responsibilities, and how an online MBA can prepare professionals to work in these roles.
1) Chief marketing manager
While marketing has always been a main factor of successful business, this field is growing considerably thanks to significant digital advancements and new online marketing strategies.
According to the U.S. Bureau of Labor Statistics, marketing managers are responsible for planning, coordinating, and directing all marketing policies and campaigns, including those concerning physical, printed assets and online marketing materials. The chief marketing manager oversees all of the company’s pricing structures and keeps tabs on the competition and their use of current marketing strategies to better differentiate the company’s brand and enhance its standing in the marketplace.
Overall, the BLS forecasts that there will be more than 20,000 new chief marketing manager positions that will need to be filled through 2028.Individuals who pursue this career can expect to make a median annual wage of $147,240, depending upon the business setting and industry in which they work.
2) Chief information officer
Another highly in-demand industry for MBA graduates to consider is information technology and systems. The individual in the chief information officer role handles the oversight and management of the company’s key IT infrastructure and computer systems, and helps coordinate maintenance, data security efforts, and other processes with IT administrators and internal tech staff members.
The chief information officer also works to evaluate emerging IT strategies and solutions to see if they would improve internal business operations and assists in their deployment. This individual establishes tech strategy for the business’s digital products and services, and manages the internal IT and app development teams, where applicable.
According to the BLS, information systems managers make a median annual salary between $143,910 and $157,810, depending upon the industry in which their employer operates.
3) Chief financial officer or financial analyst
Many business administration professionals have a keen interest in financial processes. For those looking to build on these skills, there is the chief financial officer role. This manager-level financial job encompasses responsibilities like researching and creating financial reporting documents, guiding the business’s investment activities, and establishing internal company strategies to support long-term growth, according to the BLS.
Currently, the job outlook for chief financial officers is forecast to grow at a rate of 16% from 2018 to 2028, and those in these roles can expect to earn a median annual wage of $127,990.
Similarly, MBA graduates can also consider the entry-level job of financial analyst, ahead of pursuing a chief financial officer career. Financial analysts make recommendations about the company’s investment portfolio, study current economic trends, and evaluate current financial data to assess the business’s strength. Opportunities for these roles are growing at 6% from 2018 to 2028, and professionals can expect to earn $85,660 annually.
4) Logistics director
Another possible job for MBA graduates is logistics director or logistician. These professionals oversee and direct activities related to the business’s logistics and supply chain, including guiding material and product allocation, developing relationships with suppliers, and identifying logistical areas that need improvement.
This job is expected to grow by 5% from 2018 to 2028 and offers an annual median wage of $74,600.
Preparing for a career with an MBA degree
To pursue positions in these and other industries, individuals must have the right skills and expertise in areas like management, marketing, finance, and information services. A degree program like the Collat School of Business online Master of Business Administration offers concentrations in these specific areas, as well as health services and a general track.
Students can gain the knowledge they need to excel in these jobs for MBA graduates, as well as roles in other in-demand and respected industries. To find out more, connect with one of our University of Alabama at Birmingham enrollment advisors today.
BLS – Marketing manager
BLS – Financial manager
BLS – Financial analyst
BLS – Logisticians