College & Education

Career Options for Business Admin Graduates: Paths to Success

Education is a powerful tool that determines the success of your career; the right degree will raise your career ceiling, unlock previously closed doors and increase your earning potential. Education advancement confers more authority, giving you the skills to propel you to higher leadership or management positions, or even help you become a high-earning consultant no matter the field you pursue.

Need to increase your earning potential? Pursuing a master’s degree in business administration may be an ideal investment. According to a corporate recruiters’ survey, MBA graduates who got job offers in 2021 received six-figure salaries.

Master’s of business administration is a notoriously versatile degree, and its usefulness is not limited to any one field. It is a highly sought-after degree that can lead to a number of successful career paths. With an MBA, you can work in a variety of industries, including but not limited to: healthcare, finance, technology and consulting. So, whether you’re looking to move up the corporate ladder, start your own business or change careers altogether, an MBA may be the right choice for you.

An MBA can be earned in a traditional classroom setting or online. The online MBA is a flexible and convenient option for busy professionals who want to earn their degree without having to attend classes on a physical campus. The Suffolk University online MBA is an accredited and respected MBA program. It is designed to give students the practical skills and theoretical knowledge they need to succeed in the business world and takes about two years to complete.

 Business admin opportunities and career paths

With a master’s in business administration, you can pursue a number of different career paths and opportunities. From mid-level managers to high-powered executives, there are numerous opportunities for MBAs, including careers in the public sector. The most common path is to become a manager or executive in a corporation. However, there are other options available to you, such as working in consulting, investment banking or venture capital.

While it’s not necessary to have an MBA to pursue any career path, having one can help you advance more quickly and earn a higher salary. It can even boost wages in the most underpaid nonprofit sector; according to U.S. News, the average annual salary of an MBA holder in the nonprofit sector was $86,840.

For those who want to start their own businesses, an MBA can be particularly useful. It provides the knowledge needed for a business to succeed, including management and marketing skills. Youreducation may also make it easier to obtain an investor or secure business funding.

An MBA can also be advantageous for those who want to make a mid-career shift into a different field. There are many different job options available to you with a master’s in business administration. The most important thing is to find an area that interests you and where you can see yourself making a difference. With hard work and dedication, you can achieve success in any field you choose!

If you’re considering a master’s in business administration, you likely have your sights set on a career in business. But what exactly can you do with an MBA? Here are the different career paths you can pursue:

1. Account executive

Account executive is one of the most common career paths for MBAs, with the middle level of management in an accounting firm being a good example. Account executives are responsible for managing and marketing clients. They collect data that explains how their clients use certain products or services and determine whether their goals are met.

MBAs with an account executive track record may be able to move into higher roles with an account manager. Account managers are responsible for the development of account executives and their specific areas of expertise. They oversee marketing strategies, define the needs of clients and direct strategies for the increase and retention of clients.

Job titles include:

  • Account executive
  • Account director
  • Account manager
  • Senior account director
  • Business relationship manager
  • Alliances manager
  • Customer success manager
  • Sales executive
  • Major account executive
  • Sales manager

2. General manager

General managers are the leaders of a building, department or division that perform specialized tasks whichimpact the success of the business. This includes having responsibility for maintaining productivity and profitability, implementing new products and services, creating new markets and overseeing customer relations.

The success of a general manager is influenced by an association with a company’s reputation. Long-term success can be determined by your ability to profit from data collected from clients or products offered.

Job titles include:

  • General manager
  • Building manager
  • Division manager
  • Building operations manager
  • Sales operations manager

3. Finance manager

A finance manager is responsible for managing the finances of a company, including ensuring that a business has sufficient cash to cover its expenses and profits. These professionals balance the needs of their organization with market demands, fiscal regulations and conditions within their industry.

As a finance manager, you will provide a company with the financial expertise and resources necessary to sustain them. You may work in an office, interacting with clients on a daily basis, or remotely from home.

Job titles include:

  • Finance director
  • Controllership director
  • Director of finance and administration services
  • Financial analyst
  • Financial controller

4. Marketing manager

A marketing manager is responsible for the ways in which a company portrays itself to its prospective clients, as well as the form and function of the products or services that it provides. Marketing managers are involved in developing a product that appeals to a specific audience. They create advertisements and media campaigns, manage budgets and oversee overall branding.

Marketing managers can work either independently or as part of a team within an organization. They may also work remotely from their office by using online tools such as email marketing and social networking sites such as Facebook and Twitter. In these cases, they are likely to be compensated based on the results of their campaigns.

Job titles include:

  • Marketing manager
  • Product manager
  • Brand manager
  • Advertising director
  • Advertising specialist
  • Public relations specialist

5. Operations manager

An operations manager is responsible for creating and maintaining an environment where a company can operate smoothly, efficiently and successfully. They oversee the production, distribution and sales of the goods or services offered by a business. Operations managers work with marketing managers to create a brand that is appealing to consumers. They then develop and implement strategies to achieve their goals.

Since your responsibilities will vary based on the industry in which you operate, you may earn more money by working at a company with a strong reputation or high earnings potential.

Job titles include:

  • Operations director
  • Marketing and operations manager
  • Executive assistant to the CEO
  • Production manager
  • Product manager
  • Sales and marketing manager

6. Program manager

Program managers work to develop and formulate specific concepts, goals and timelines for an organization. They are responsible for the development of programs or projects that can help the business achieve its goals. Program managers may have a wide variety of responsibilities, depending on their specific title.

Program managers can be several levels below the level of leadership in a company. While still filling an administrative role with responsibilities in budgeting, planning, performance measurement and reporting, they may not have any direct job function associated with their work. They may also be involved in strategic planning, negotiating with other departments and coordinating the resources necessary to implement their ideas.

Job titles include:

  • Program manager
  • Project manager
  • Program analyst
  • Project administrator
  • Program analyst assistant
  • Planning and development coordinator

7. Entrepreneur

An entrepreneur is the leader of a business that is not yet operating under a company name. These professionals start their own businesses from the ground up, taking responsibility for all of the necessary steps in obtaining and maintaining profitability.

Entrepreneurs may be involved in sales, or they may have managerial responsibilities towards both employees and clients. They must be able to develop relationships with people within their industry in order to make connections that can help them build their company. Entrepreneurs will work as many hours as they feel are necessary to create a successful business.

8. Industry specialist manager

Industry specialists work in a broad range of industries, such as automotive trade, IT security and accounting or finance. They are responsible for generating income and growth via their industry’s products or services. Industry specialists manage teams in their field of expertise while also providing support to other departments within the organization.

Industry specialists hold responsibilities related to product development, marketing, sales and distribution, and promotion. They work closely with their team members as well as upper management and clients in order to ensure the success of their company.

9. Business consultant

A business consultant is a specialist in the organizational development of a company, as well as in designated industries. They work to solve problems for their business clients, taking into consideration such things as the perspective and vision of the potential client. Business consultants help departments within an organization to collaborate and create efficient systems that provide maximum benefit for all parties involved.

Since their primary responsibility is to solve problems for their clients, business consultants often work with other business professionals on solutions that will help them reach their goals.

10. Human resources manager

A human resources manager (HR manager) is responsible for all human resources within an organization. This includes the hiring, evaluation and compensation of employees. Human resources managers are also responsible for maintaining employee records, including personnel files and benefits information. They may also be involved in addendum development, personnel training and interviewing.

Human resources managers work in coordination with other departments within a company, as well as with upper management. They are likely to hold the title of Director or Senior Director since the scope of their responsibilities requires at least that level of experience and training.

Job titles include:

  • Human resources lead
  • Human resources specialist
  • Associate head of HR
  • Director of human resources
  • Executive director of human resources

Benefits of pursuing a master’s in business administration

There are many benefits of pursuing an MBA, but the most common reason is career advancement. Here are a few more benefits:

  • Guaranteed survival in an uncertain economy: A graduate with an MBA can expect to earn significantly more than those with only a bachelor’s degree in business or another field.
  • Increased job interview success: By showing full commitment to your career development, you should be able to increase your chances of being hired into a management position. Many businesses are looking for exceptional individuals who have the drive, determination and skills to not only lead their company to success but also continue to grow it as well.
  • Wide applicability: The skills and experience you are able to learn and implement during your education should be applicable to many different sectors. This means that you will be able to adapt your education in order to improve yourself, as well as the future of your company.
  • Staying relevant with the changing trends in the market: Businesses are always changing and evolving into new industries, and qualified graduates with an MBA can continue to evolve along with them. This means that they will be able to truly move up the corporate ladder and become high-level business managers.
  • More opportunities for growth, career advancement and change: The sky is the limit when it comes to your potential field of employment with an MBA. With the right education, you can work anywhere in the world, within any industry or even start your own business.

Many current job opportunities are linked directly to the success of economic growth within the market and business industries. As such, it can be expected that the demand for master’s degree holders will continue to increase.

As the world continues to evolve and change, so do business practices. To remain competitive, it is essential for business managers to not only be aware of these changes but also embrace them.

Back to top button