While companies certainly love MBA graduates, and MBA degree holders are among the highest paid college grads, many career opportunities are often overlooked. While the vast majority of MBA graduates seem to gravitate towards management or finance, the skills these business admins possess are under high demand from many employers. Although some companies may favor the “young and ambitions,” many others are realizing there is a lot to be said for age and experience.
If you’ve been asking yourself, “What can I do with an MBA?” and you find the traditional career paths to be unappealing or uninviting, there are more possibilities you can explore.
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Here are some of the top fields non-traditional MBA grads can focus on:
Data analysis experts collect, organize, and interpret statistical data. The specifics vary based on the industry you’re working in, but there is demand for analytically-minded professionals in just about any industry you can think of from manufacturing to retail to marketing. The primary function for these analysts is attributing quantifiable values to various business functions, and utilizing this statistical data to streamline business operations and eliminate inefficiencies.
Information security is a growing concern for businesses worldwide. An information security analyst helps their organization protect its important and sensitive data. They create and implement policies for information security and prevent attacks on valuable data, both from inside and outside the organization. The skills acquired from an MBA program are valuable for managing employees to ensure they are compliant with the policies that are in place. Information security analysts are often tasked with overseeing other projects to make sure any new data initiatives adhere to company policies as well.
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The only thing better than being a manager is being a manager of managers. While you may not want to deal with the day-to-day hassle of people-wrangling and bureaucracy that often accompanies traditional management positions, a passion for management and organizational efficiency can still carry you a long way. Management analysts are tasked with identifying inefficiencies in organizations and with helping to increase profits. Analysts compile and analyze data about the company’s operations and present their findings and recommendations in the form of written or oral reports. Management consultants are in high demand and employment is projected to increase by 18% through 2022.
Healthcare managers are in charge of hospital and health systems operations. They are responsible for overseeing facilities, services, staff, programs, budgets and public/inter-agency relations. Health Admins often deal with other organizations such as the FDA, Red Cross, Medicare, Medicaid, and the like.
There are an estimated 300,000 people employed in healthcare administration today, and this is only expected to grow in the years to come.
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HR specialists engage in the recruitment, screening and placement of workers. They frequently handle employee relations, payroll and benefits payouts, and oversee the selection of employee benefits packages as well as the disbursement of benefits such as paid time off, sick pay, insurance etc. HR specialists also deal with labor contracts and issues such as wages, pensions, and union negotiations. Employment of human resource specialists is projected to increase 7% through 2022.
Go your own way
As you can see, there are many opportunities to put your MBA to good use. Whether you’re looking to launch your first career, switch things up midway, or just explore a new opportunity, there are plenty of prospects out there. So, dust off your diploma, polish your best interview shoes, and go find a fit.