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The 10 Best Jobs for MBA Graduates

Best Careers for MBA Graduates

Graduates with MBA degrees are in demand, and that demand keeps growing. In its “ 2015 Year-End Poll of Employers ,” the Graduate Management Admission Council (GMAC) reported that 75% of employers surveyed intended to hire MBAs, with 85% citing that the number would be the same or even increase from the year before.

Great news! But what type of MBA should people pursue and what type of job should they seek?

In order to help, we put together a list of what we think are the 10 best careers for those with an MBA.

We based our list on a combination of median annual salary figures, employment growth projections, and job satisfaction reports. Employment growth forecasts are provided by the Bureau of Labor Statistics (BLS), and salary information is provided by the BLS and payscale.com

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What can I do with a Business degree?

These attractive careers are listed alphabetically.

Chief Technology Officer

Job description: Chief technology officers establish a company’s technical vision and oversee all aspects of technological development. They manage the technology team. They also oversee research and development and special projects. Chief technology officers establish technical standards and ensure adherence to the standards.

Education: Many companies prefer candidates who have an MBA with a specialization in information technology management.

Employment outlook: 15% projected growth from 2014-2024, much faster than average for all occupations.

Median annual salary in 2017: $151,274, according to payscale.com .

Computer and Information Systems Manager

Job description:  Computer and information systems managers plan and manage:

  • Computer-related activities of an organization
  • Implementation of Internet and intranet sites
  • Installation and upgrading of software and hardware
  • Development of computer networks

Computer and information systems managers are also involved with the maintenance and security of networks.

Education: Many companies hire people who have an MBA with a concentration in information systems. Business management experience is a big plus.

Employment outlook: 15% projected growth from 2014-2024, much faster than average for all occupations. Fastest job growth is projected for the areas of computer systems design establishments, data processing and hosting companies, software publishing firms, healthcare organizations and management, and scientific and technical consulting services.

Median annual salary in 2017: $135,800, according to the BLS .

Financial Manager

Job description: To thrive in a competitive environment, companies worldwide rely on the expertise of financial managers. Basically, financial managers oversee the financial activities and transactions of companies. They oversee cash management and investment activities, create financial procedures, and oversee the budget process. Financial managers help companies meet their fiscal objectives. Financial managers are also involved in activities as varied as raising capital, handling mergers and acquisitions, and assessing global financial transactions.

Education: People with a master’s degree such as an MBA with a concentration in finance and certification will likely have the best prospects.

Employment outlook: 7% projected growth from 2014-2024, as fast as average for all occupations.

Median annual salary in 2017: $121,750 according to the BLS .

Health Services Manager

Job description: The expanding and diversifying healthcare industry requires knowledgeable managers to help ensure healthcare businesses run smoothly. Health services managers make sure companies adhere to government reforms to healthcare delivery. They oversee the work of doctors, technicians, and clerical workers. In small facilities, they may oversee or co-manage an entire healthcare facility, whereas in large facilities they typically manage a department, such as patient care services or finance.

Education: A master’s degree is required for many positions. These days some candidates acquire an MBA with a concentration in health services management. These degree programs provide a thorough understanding of the nation’s largest and fastest growing industry. People who already have a bachelor’s degree in healthcare administration should consider acquiring a complementary degree such as an MBA with a concentration in finance.

Employment outlook: 17% projected growth from 2014-2024, much faster than average for all occupations.

Median annual salary in 2017: $96,540, according to the BLS .

High-End Management Consultant

Job description: High-end management consultants provide the focused direction companies require to stay relevant and competitive. They typically specialize in a specific industry. They help companies and government agencies solve management problems, and they help companies control costs, maximize profits, increase worker productivity, and increase efficiency.

High-end management consultants help companies adjust to new business regulations or establish an online business. They provide advice to chief executive officers, chief operation officers, and chief financial officers and other top executives.

Education: Some employers prefer to hire those with a master’s degree in business administration who have relevant experience.

Employment outlook: 14% projected growth from 2014-2004, much faster than average for all occupations.

Median annual salary in 2017: $81,330 according to the BLS , but easily extends into six figures, even for starting salaries.

Information Technology (IT) Director

Job description: IT directors manage computing resources for organizations in just about every industry. They ensure a company’s information technology is continuously available and secure. IT directors are responsible for the management, strategy, and execution of IT infrastructure for a company.

Education: Individuals with a MBA with a specialization in information technology management have opportunities in this field.

Employment outlook: 15% projected growth from 2014-2024, much faster than average for all occupations.

Median annual salary in 2017: $135,800, according to the BLS .

Investment Banker

Job description: Investment bankers help companies, organizations, and government agencies raise money in the capital markets (equity and debt). Investment bankers also provide strategic advice regarding mergers and acquisitions and other types of financial transactions.

Education: Investment banker positions typically require very strong educational backgrounds such as an MBA. An MBA with a concentration in finance is preferred by some employers.

Employment outlook: Jobs in the securities, commodities, and other investments industries are forecasted to increase by 10% projected growth from 2014-2024, faster than average for all occupations.

Median annual salary in 2017: It’s difficult to establish the average salary of investment bankers. According to the BLS , the annual salary is $78,480. However, total earnings can be substantially higher because of bonuses and commissions.

Investment Fund Manager

Job description: Investment fund managers provide financial advice and direct the investment of money for organizations and individuals. Investments are made in stock markets, real estate, and other markets. Investing involves many complex aspects such as:

  • Specification of investment objectives and constraints
  • Choosing the asset mix
  • Formulating a portfolio strategy
  • Selecting securities
  • Portfolio execution
  • Portfolio revision
  • Performance evaluation

Education: Some investment fund management firms look for candidates with an MBA with a concentration in finance.

Employment outlook: 7% projected growth from 2014-2024, as fast as average for all occupations.

Median annual salary in 2017: $121,750. according to the BLS . However, total earnings can be substantially higher because of bonuses and commissions.

Marketing Manager

Job description: Marketing managers help companies expand into new markets and obtain new customers. Their objective is increasing sales and profitability. They research trends, identify opportunities, estimate demand, and develop marketing campaigns. They also identify a company’s competitive advantage and seek to sustain it.

Education: An MBA with a specialization in marketing is preferred by many employers. In high-tech industries, some employers prefer candidates with a bachelor’s degree in engineering or science who also have a master’s degree in business administration.

Employment outlook: 9% projected growth from 2014-2024, faster than average for all occupations.

Median annual salary in 2017: $127,560, according to the BLS . The top salaries typically go to marketing managers with advanced education, such as an MBA who also has extensive experience.

Sales Manager

Job description:

  • Identify and recommend improvements in sales procedures
  • Create new promotions to improve sales performance
  • Develop training programs for sales people
  • Set objectives and quotas
  • Analyze market trends
  • Create sales promotions
  • Evaluate the needs of customers

Education: Many employers hire those with an MBA with an emphasis on marketing. In highly technical industries, employers usually prefer candidates who have a business and a technical degree.

Employment outlook: 5% projected growth, as fast as average for all occupations.

Median annual salary in 2017: $117,960, according to the BLS .

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Home » Top MPH Jobs & Careers » MPH MBA Dual Joint Degree + Salary  Career Outlook

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MPH MBA Dual Joint Degree + Salary  Career Outlook

Most people agree that earning a master’s degree leads to higher earnings and better career advancement.

mph-mba-joint-degreeMost people agree that earning a master’s degree leads to higher earnings and better career advancement. That is the reason that more professionals are considering dual master’s degree programs, such as a dual Master of Public Health (MPH) and Master of Business Administration (MBA) degree.

This is an ideal degree choice if you are passionate about a rewarding career in health care management, which, according to the Bureau of Labor Statistics , is a very strong career choice with good salary and job demand potential.

YouTube Special Feature

Why to Pursue a Joint MBA and MPH Degree – Michael Olsen

This type of dual degree program is a wise choice: You will learn at the same time the business and health-related skills that you need to prepare for your public health/business career.

A well rounded and holistic education in policy and management in the health care industry is what you need to become a strong leader in the 21st century. Most MPH/MBA dual degree programs will give you that necessary, holistic view of both healthcare and health.

With your MPH, you will gain a strong background in the most important aspects of public health, including:

  • Epidemiology

  • Statistics

  • Health Systems

  • Behavioral Health

  • Policy and Regulatory Fields

With your MBA, you will gain a strong background in accounting, economics, finance, statistics, management and all other subjects related to modern business. The combination of the MPH and MBA degree will ensure that you will have a dynamic and exciting career in health management.

Curriculum

The curriculum for your MPH/MBA program will vary considerably depending upon which university you attend. However, some of the classes that you will likely need to take include:

  • Healthcare in the 21st century

  • Health information services

  • Innovation in healthcare

  • Healthcare marketing

  • Advanced health care finance

  • Health policy decision making

  • Legal basis for health care

Universities

There are many on campus and online  universities that currently offer a dual MPH/MBA. Some of the recommended universities include:

  • Johns Hopkins University: This is a world-renowned program that is offered by the Bloomberg School of Public Health. It is designed for students who are highly experienced professionals who desire managerial skills that will allow them to earn leadership positions in health care organizations.

  • University of California – Berkeley: The MPH/MBA program here is highly rated by US News and World Report, and most students can complete their dual degrees in three years.

  • Columbia University – This is another top-rated MPH/MBA program that you can finish in under four years.

  • University of Chicago: This highly rated program allows you to focus your studies on community health services, epidemiology, health policy and administration or environmental health.

  • Benedictine University: This is a fully online MBA/MPH program that will help you to learn how to deal with health care challenges from a business point of view.

You also will need to take core classes in business, and core MPH classes, such as epidemiological methods and biostatistics.

Salary and Careers

In the past, many aspiring MBA students did not consider health care or public health for their future career. But they should reconsider. As of 2013, many health care companies and organizations are not able to find qualified MBAs for many health care and public health positions. As recently as 2010, as the rest of the economy was losing jobs, the health care field continued to thrive. This means that an MBA with a dual degree in public health could be in great demand.

The Bureau of Labor Statistics states that the demand for health and medical managers will increase by 22% by 2020, which is a very strong growth rate.

Many students who earn their dual MPH/MBA degree will be recruited eventually by:

  • Healthcare consulting firms

  • Health plans

  • Physician group practices

  • Hospital systems

  • Pharmaceutical companies

  • Healthcare banking organizations

  • International development organizations

Some of the most popular career choices and salaries today for MBA/MPH graduates include the following positions:

  • Medical and health manager: $84,000

  • Hospital administrator: $111,000

  • Pharmaceutical project manager: $92,000

  • Practice manager: $81,000

  • Hospital CFO: $155,000

  • Healthcare consultant: $96,000

  • Research and development business manager: $102,000

  • Health information manager: $84,000

Other potential salaries with an MBA/MPH include:

  • Medical and surgical management: $87,000

  • Outpatient care management: $74,100

  • Doctors’ offices: $73,600

  • Home health service management: $71,200

  • Nursing facility management: $71,700

Resources:

  • http://www.bls.gov/ooh/Management/Medical-and-health-services-managers.htm#tab-5
  • http://www.indeed.com/salary?q1=epidemiologist&l1=

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