MBA is one of the most pursued courses in the world with students from across the globe enrolling in universities and colleges to study MBA. With over 2500 MBA programs worldwide, students can always find something that will suit them. With the number of MBA graduates increasing on a yearly basis, the popularity of the course is only increasing. The combination of a plethora of job opportunities and top-notch MBA educational institutions across the globe to choose from have made MBA one of the most in-demand programs among students. Another impressive aspect of MBA is that there are various top-tier educational institutions that are offering online and distance MBA programs which adds even more flexibility to pursuing MBA. The reputation of your educational institution from which you pass out and the skills that you acquire during your education have a massive say when it comes to your placement options. With that said, owing to the different specializations in MBA and the versatility of the program itself has opened new alleyways of placement opportunities for MBA graduates. Now lets’ take a look at some of the most highly paid job opportunities that are available for MBA graduates.
Another big appealing factor for working as a marketing manager is the fact that it is diverse and they will deal with doing marketing campaigns, analysing data, doing research and implement various marketing strategies for improving the market presence as well as sales of the organization.
- An Investment Banker: The fact that not many people get into the area of investment banking itself makes this a lucrative career option for MBA graduates. If you are able to build an impressive resume and ace the interview process, an MBA graduate can pretty much achieve financial stability by starting their career as an investment banker. Investment bankers help business organizations as well as government bodies to make their money work for them. Apart from just helping clients in investing, an investment banker will also be a helping hand when it comes to mergers and underwritings to name a few. Depending upon the seniority and quality of your services, an investment banker can take home anywhere around 200,000 USD to 500,000 annually.
- Become a Financial Manager: The second impressive career prospect for an MBA graduate is working as a financial manager. As a financial manager, you will be in charge of the overall financial health of the organization. This includes keeping the bank accounts healthy and making sure that people who are working under you are performing well. Owing to the fact that a business regardless of the industry they are working in needs a financial manager on their payroll, the job opportunities are immense. The job opportunities and salary packages are only going to increase in the future and a current day financial manager is looking at an average annual salary of 125,000 USD.
- A Marketing Manager: Another impressive career prospect is becoming a marketing manager which is also a lucrative career option for MBA graduates. This is a particularly attractive job opportunity for someone with creativity and who has the ability to formulate a vision. Another big appealing factor for working as a marketing manager is the fact that it is diverse and they will deal with doing marketing campaigns, analysing data, doing research and implement various marketing strategies for improving the market presence as well as sales of the organization. With a comparatively low work pressure, this is a field where one can leave their personal touch in their work and by doing that in the best way possible, a marketing manager will take home on average 134,000 USD a year.
- Management Consultant: Unlike the previously mentioned jobs, a management consultant will be self-employed and will work with companies to complete projects as well as help them to work in an efficient manner. As a management consultant, you will create strategies and plans for your clients to improve their profits and streamline their operations. With the added advantage of you being your own boss, the opportunity to express yourself in your work is far higher as a management consultant. Another advantage is that dealing with clients coming from different strata will allow you to learn new things which in turn will make you a better management consultant. Looking from a monetary perspective, a management consultants’ average yearly revenue can be 83,000 USD but the fact of the matter is that this figure is not fixed and depending on the size and scale of the clients that you are working with, your annual revenue will change.
While these four are some of the highest paid jobs that an MBA graduate can avail in the market, this is only the tip of the iceberg and owing to the fact that MBA and the job opportunities that it can offer you is constantly increasing, aspiring students who want to pursue MBA is perfectly poised in the job market.
