Contrary to popular belief, many individuals head into business school with their MBA in their eyesight, but with no specific field of business in mind for after graduation. While the job market remains incredibly competitive, there are innumerable possibilities and potential fields for an MBA graduate to throw themselves into, especially if they have attractive experience working internships, or in a well-regarded finance job. In fact, many experts seem to suggest that the best way to find the job for you is to keep your eyes – and your preferences – wide open.
"Knowing exactly what you want to do is almost dangerous," said Steve Dalton, the senior associate director of daytime MBA student services at Duke University, while speaking to the U.S. & World News Report. "I see the MBA as being the tofu of graduate degrees because it takes on the taste of whatever sauce you add to it."
Professionals with MBA's work across the globe in many different industries. Deciding what field and location you want to work in after receiving your MBA can be a task as challenging as earning the degree in the first place. Here are a few jobs that are sure to offer fulfilling opportunities for recent graduates – and that might inspire some younger business-minded individuals to put in the work needed to earn their own MBA.
Individuals on the hunt for work as a consultant will have to decide if they want to work in the public sector or the commercial side of the industry, but either way, a consultant is required to be on-hand at all times to help their client make decisions that will allow them to be competitive in their own field. Employees in this field will be expected to help their client control costs, maximize profits, and increase efficiency – so this position is for innovative thinkers only. But if you have what it takes, then an MBA will help you immensely in earning a position as a consultant.
You may not need an MBA to earn a position as a financial advisor, but it certainly boost your chances, especially if you're hoping to move into the management side of the business. But for this position, internships may be the best form of preparation. In fact, Dalton went so far as to suggest that an internship position working with financial advisors would be akin to a very long-term job interview.
"The employer knows by the end of the internship whether the student is a fit or not," he said, speaking to the news source.
Financial managers oversee all the transactions that come in and out of a company's books – and an MBA is absolutely required if you want to give yourself a good chance at earning a position in this field. Raising capital, assessing mergers – financial advisors give their employers advice about such major exchanges, but it's the financial manager's job to actually oversee the process.
Investment bankers aid the companies and firms they work for to raise money in capital markets – they control the exchange of equity and debt. They also provide guidance to company leaders in regards to mergers, acquisitions, and other major transactions. If you want to work this position – or any other with ties to careers in finance or accounting jobs – then an MBA will be helpful on your resume. And according to figures provided by the Bureau of Labor Statistics, jobs in investment banking are expected to increase 18 percent in the decade ranging from 2008 to 2018, suggesting that MBA holders will be in high demand for the foreseeable future.