What Fields Need an MBA?

A Master of Business Administration (MBA) degree is a postgraduate qualification. It's aimed at people who have experience in business and want to develop their business expertise further. There are a number of fields that an MBA graduate is needed in. Each one of those fields has a variety of paths that graduates can follow on the start to a long career in business.
  1. Finance

    • An MBA can benefit those who want a career in finance. With an MBA, you are qualified for a mid- to senior-level position, depending on experience during the study program. Job roles within the finance sector include being a self-employed accountant or an accountant for a large business. If you want to go into banking, then you can become a commercial banker who deals with local lending. Moreover, you can become an investment banker or a merger and acquisition adviser. You can be instrumental in helping businesses raise capital. Alternatively, you can find a role in financial planning.

    Health Care

    • MBA graduates are needed to fill certain roles within the health care industry. An MBA helps serve the business and administration side of the industry. For example, a pharmaceutical project manager needs to be an MBA graduate with marketing experience. The job requires collecting and analyzing market data and developing promotional plans based on the findings. Another job is as a hospital administrator. They are responsible for the general managing of hospitals and outpatient clinics -- dealing with budgets, recruitment and creating facility policies.

    Human Resources

    • An MBA graduate is suitable for a career in human resources (HR) at the management level. A prominent role in the HR department of a company is that of an HR director. The director is in charge of all employees of the HR department. A director's main skill is being able to manage as well as having knowledge of all areas of HR. An MBA graduate could also work for themselves and be contracted as a HR consultant. Consultants have their own business and must be able to manage their own workload and easily fit into a business that hires them on a temporary basis.

    Marketing

    • The two main paths of marketing that an MBA can explore are the corporate and noncorporate routes. If you want to work for the corporate sector, then you will work as part of a private company. Brand management is one option, where you will work on marketing strategies to make products appealing. Advertising is another part of corporate marketing, where you have to create advertising campaigns for the media. Both brand management and advertising are about creativity and teamwork. The noncorporate route of marketing is working for nonprofit organizations. Many MBA holders want to work for public services and nonprofit government agencies to help promote issues -- such as health, fitness and safety -- to the public.

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