MBA Jobs: What Can You Do with an MBA? │ mba.com (2023)

If you’re looking to accelerate your career, switch industries, or bag a top salary, you should consider pursuing an MBA.

MBA graduates occupy top positions in companies across industries and some of the world’s best-known firms—including Amazon, Microsoft, and McKinsey—are major recruiters of MBA talent.

So what salary can you earn after an MBA? How does the MBA job application process work? And where do most MBA students get jobs after graduation?

Here’s everything you need to know about MBA jobs, from the top MBA employers, to the highest-paying MBA jobs, as well as how to stand out in your MBA job applications.

Key MBA career benefits

What can you do with an MBA? With an MBA you can:

Boost your salary

Thirty-eight percent of candidates apply for a business degree to raise their salary, according to the mba.com Prospective Students Survey from the Graduate Management Admission Council, the makers of theGMAT™ exam.

Average MBA salary varies across region and school. StanfordMBA grads enjoy the world’s highest average MBA salary within three years of graduating, at over US$222k.

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(Video) Why Pursue an MBA?

Even outside of the United States, you can earn a lot with an MBA. Graduates from IIM Ahmedabad in India can expect to earn around US$192K within three years, while INSEADMBA graduates earn around US$188K on average.

Accelerate your career

An MBA is also a sure-fire way to secure your career acceleration. The authority and reputation of the degree helps graduates rise into managerial and leadership positions. Thirty five percent of mba.com registrants say that obtaining a senior position was behind their motivation for applying.

While a promotion may come with a higher salary, it’s also a chance to have greater responsibility and autonomy over your work. By progressing to management positions, you can also make use of the interpersonal and leadership skillsyou’ll pick up from your MBA.

Switch career track

Many MBA students are career switchers, looking to use their MBA to pivot into a new industry or role, or start a career in a new country. Thirty percent of mba.com registrants apply to business school to get a job outside of their country of origin. And some students make the MBA “Triple Jump,” changing industry, job function, and location all at the same time.

Abhisekh Shah made the MBA triple jump into venture capital after his MBA at HEC Paris—more than one-in three MBA grads from the school do the same. “From day one, I immersed myself in activities relevant to private equity—internships, pitching competitions, MBA clubs. My MBA opened those doors to me,” he says.

Launch your own business

Do you need an MBA to become an entrepreneur? No, but it can certainly help. A quarter of MBA candidates told GMAC they have ambitions of starting their own company.

MBA specializations in entrepreneurship, combined with business school accelerators and incubators, help give entrepreneurial graduates the tools to launch their own businesses.

Build your network

In your MBA class, you’ll meet a group of likeminded, driven individuals from across the world: once you graduate, this could prove invaluable. Beyond your immediate cohort, you also enter into a vast global network of alumni, who are just as likely to give you help or advice when you need it.

Cesar Aya graduated from Oxford University’s Saïd Business School in 2008 during the global financial crisis. He credits his MBA network for helping him navigate the crisis and take his career forward.

“Devote time to people that really know you, know who you are, what you have done, and who you can ask for help—for an endorsement, for getting a job, or introductions to someone who might invest in your idea,” he advises.

(Video) Value of an MBA

Get a return on your investment

Given thecost of an MBA, it’s important to assess the return on investment (ROI) you’ll get from it. The good news is, given the high salary you can expect to earn after an MBA, you can expect to make a strong return on your investment shortly after graduation.

But MBA ROI is about more than just salary alone. Each MBA candidate will have their own set of career goals and ambitions and so, for each person, what constitutes ROI will be different. As a generalist management degree, the MBA helps keep your options open to multiple career paths, while also helping you to succeed on the path of your choosing.

Top MBA industries

There are career opportunitiesand jobs for MBA graduates in every industry. You’ll find MBA graduates in government, healthcare, consumer goods; in big companies, startups, and small and mid-size enterprises (SMEs).

While an MBA degree sets you up to pursue whatever career path you’re passionate about, the most popular industries for MBA graduates at any business school are typically consulting, finance, and technology. Companies across all three sectors plan to increase MBA hiring in 2021, according to GMAC’s Corporate Recruiters Survey.

MBA consulting jobs

Given the generalist focus of MBA programs, it’s no wonder why so many MBAs are drawn to consulting. Management consultants require a broad overview of how different parts of businesses work, and more importantly, how it all fits together.

The Big Three management consulting firms—McKinsey & Company, Boston Consulting Group, and Bain & Company—are the three biggest employers of MBA graduates. An MBA consultant salaryat one of the Big Three is US$165,000 for a graduate recruit, with performance and signing bonuses adding up to US$70,000 on top of that.

(Video) Top 5 Reasons To Do An MBA In 2022 | Why MBA? | MBA Benefits And Scope In 2022 | Simplilearn

MBA consulting jobs at the Big Three aren’t the only ones going. Graduates often land roles at Big Four firms—KPMG, Deloitte, PwC, EY—as well as boutique consulting firms like LEK Consulting and AT Kearney.

“MBA programs are a tremendous source for talented, ambitious people. The skills you develop and the time to reflect on your professional goals during the program have consistently provided tremendously talented people for Bain & Company,” notes Keith Bevans, global head of consultant recruitment at Bain.

MBA jobs in finance

Mergers and acquisitions (M&A), asset management, investment banking, venture capital, and private equity are all popular finance jobs for MBAs.

Top MBA employers in finance include JP Morgan and Goldman Sachs. These organizations demand graduates with strong leadership and analytical skills combined with financial knowledge. There’s also demand for MBAs at alternative finance firms in fintech or in climate finance.

The highest-paying finance jobs include:

  • Chief Financial Officer (CFO)
  • VP of Finance
  • Financial controller
  • Accounting manager
  • Financial analyst

MBA jobs in tech

Big tech firms regularly hire MBAs in managerial or leadership positions. This goes all the way to the top: Google CEO Sundar Pichai, Amazon’s new CEO Andy Jassy, Microsoft CEO Satya Nadella, Apple CEO Tim Cook, and Facebook COO Sheryl Sandberg all have MBAs.

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Jobs in tech are a good fit for MBAs. Amazon has a set of leadership principles—including thinking big, taking ownership of your work, learning and being curious—which align well to the soft skills you’re taught during an MBA. In general, many tech companies operate like startups, relying on leaders to take on a broad set of responsibilities across functions.

The best paid jobs in technology include:

  • IT manager
  • Data analyst
  • Chief Technology Officer (CTO)
  • Product manager

What skills do MBA employers look for?

According to survey responses from corporate recruiters, the skills that employers most value in business school graduates include:

  • Strategic thinking
  • Communication
  • Versatility
  • Ability to navigate technological disruption
  • Leadership

Demand for these different skills varies depending on the industry you’re looking to work in, and the size of your company. COVID-19 has also seen a shift in emphasis from employers, who may be looking for something different compared to pre-2020.

For example, the ability to navigate technological disruption saw a significant change of emphasis over the course of 2020, with the expectations that graduates can thrive in the increasingly digital environment that the pandemic created.

, explains how, with the disruption of the pandemic, recruiters increasingly value the MBA skillset. “Transformative leadership; dealing with uncertainty; being an inclusive leader; being comfortable with technology—these things have never been more important,” he says.

Applying for MBA jobs at business school

When you start your MBA, you may have clear goals and ideas of what you want to achieve, or you may need a little more guidance before focusing on a specific role or industry.

Business schools offer you plenty of assistance and advice on your job search, with dedicated MBA careers teams whose function is to facilitate connections with employers and strengthen your chances in job applications.

Networking and careers events form a significant part of this. Business schools invite MBA recruiters to deliver presentations and meet with you at careers fairs. They may also bring in alumni in certain industries to help give you advice targeting a specific job or company, to help you understand what you can do with an MBA.

“We organize more than 200 lectures, activities, and forums per year, inviting global MNC CEOs and professionals to share their stories of success and network with students,” Zion Cao, director of the Career Development Office at Fudan University School of Management, explains.

MBA careers teams also deliver personalized career mentoring. This involves mock interviews, self-assessments, and resume advice. They’ll also help you align your goals and ambitions to the right sort of jobs and roles for you.

What career can you have with an MBA?

If you’re looking to progress your career with an MBA, but are unsure of what steps to take next or what MBA jobs might suit you best, check out our Career Planning Guide.

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FAQs

Which MBA has highest job opportunities? ›

According to the BLS, some of the highest-paying management occupations related to MBA concentrations include computer and information systems management, financial management, marketing management, and human resources management.

What does Elon Musk say about MBA? ›

“It teaches people all sorts of wrong things. They don't teach people to think in MBA schools. And the top MBA schools are the worst. Because they actually teach people that you must be special, and it causes people to close down their feedback loop and not rigorously examine when they are wrong.”

Which specialization in MBA pays the most? ›

We have provided the list of top 5 highest paying MBA specialisations in this article.
  • Highest Paying MBA Specialisations in India.
  • MBA in Finance.
  • MBA in Marketing.
  • MBA in Operations.
  • MBA in Business Analytics.
  • MBA in Entrepreneurship.

Is a MBA hard? ›

Getting an MBA can be hard because the classes are pretty challenging, but they will help you become a better critical thinker. Many schools have students take the same core courses revolving around themes like leadership and teamwork, but most programs offer various electives to tailor to your MBA experience.

Will an MBA help me get a job? ›

An MBA might help in getting a job interview, but it will not guarantee the applicant will land that job. On the other hand, people with work experience looking to give their career a boost can open avenues for growth and promotion with a part-time or EMBA program. Graduating with an MBA can earn you a higher salary.

Which type of MBA is in demand? ›

Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students.

What is the minimum salary after MBA? ›

MBA being one of the most highly pursued courses not only in India but globally as well, offers starting salaries ranging from INR 7 L – 12 L annually on an average across its varied specializations.

Is MBA easy or hard? ›

In short, an MBA is as difficult as you make it, and is as rewarding as you invest in it. In the business world, there is rarely any hand-holding. You either develop into a competent business expert or are surpassed by the competition.

Does Bill Gates have an MBA? ›

Some great tycoons or personalities from different fields never completed an MBA or even did not finish higher education. Bill Gates and Jack Ma are just a few examples, but there are more.

What can I do after MBA in Masters? ›

Here are the top 20 short-term courses after MBA:
  1. Financial Risk Management [FRM]
  2. Doctor of Business Administration.
  3. Certified Information Systems Auditor (CISA)
  4. Chartered Financial Analyst [CFA]
  5. PhD in Management.
  6. ISB's Certificate Programme in Business Analytics.
  7. Certification in Risk Management Assurance [CRMA]
3 Mar 2022

Why do most CEOs have MBA? ›

CEOs with MBAs have fundamental business skills

As generalist degrees, MBAs teach key business fundamentals ranging from marketing, to finance, to organizational behavior.

What is salary of MBA per month? ›

What is the minimum salary after MBA? The starting salary for fresh graduates per month in India can vary from around Rs. 2,24,000 to Rs. 4,24,000 per annum.

What is the best MBA concentration to have? ›

5 of the Top-Paying MBA Concentrations

According to Poets & Quants, a highly-regarded publication focused on the graduate business education market, on average, the top-paying MBA specializations are consulting, general management, operations, marketing and finance.

Is it worth doing MBA in HR? ›

Studying an MBA in Human resources is worth it if you want to spend your career getting the most out of people and driving talent acquisition and performance at an organization. With plenty of schools offering specializations in HR, look around to find the best program fit for you.

Is an MBA a lot of math? ›

Although most of your MBA math courses will not require a great deal of mathematical calculations, it is important to understand that you will have to work with numbers and apply mathematical principles such as averages, percentages and ratios throughout your online MBA program.

How many hours do MBA students study? ›

So, for the first half of the MBA, a week's schedule would be classes from 8am to 5pm, almost every day (sometimes even Saturday). It is indeed full time. There are many group projects and presentations. This makes the first six months really intense.

What are the disadvantages of MBA? ›

Advantages and Disadvantages of an MBA
AdvantagesDisadvantages
Increased job opportunitiesCost of study
Personal and entrepreneurial skill developmentTime commitment
Specialized in the field of interest with management skillsLack of practical and applied learning
High salaryRisk of ROI
1 more row
27 Dec 2021

Is an MBA still worth it in 2022? ›

An MBA program is only worth the effort, expense, and time when the student plans to pursue a career in management, in a business-related field, or as a startup founder. For those employed in other sectors, unless they are in leadership or management positions, an MBA degree may not be needed.

Can you get a job after MBA with no experience? ›

As an MBA graduate, you can access many leadership jobs in different industries without prior experience. Employers may offer entry-level management roles as part of an extended training period, for example, which can be appealing for professionals with an MBA.

Is it hard to get job after MBA? ›

MBA opens the door to a successful career in Finance, Marketing, Operations Management, Event Management, and others. But it is important for you to do proper research on jobs and scope after MBA to be able to make a decision.

What is the most common MBA? ›

MBA Marketing

An MBA in Marketing is one of the most common MBA specializations as marketing roles require more specific business management skills.

Which MBA specialization is in demand in 2022? ›

Here is an MBA specializations list in India that are high-paid and most in-demand MBA courses during upcoming years: MBA in Marketing. MBA in International Business. MBA in Event Management.

Which MBA is in demand in USA? ›

As per the Corporate Recruiters Survey of 2022, consulting, finance and IT are the highest paying fields for MBA graduates in the USA with an average annual salary of 145,000 USD, 115,000 USD, and 115,000 USD respectively.

Does Amazon hire MBA? ›

Amazon is a behemoth when it comes to MBA recruiting. The company is one of the biggest MBA employers, hiring around 1,000 MBAs each year.

Who earns more MBA or engineer? ›

Your work experience and skills matter when it comes to who earns more. As every industry needs an MBA so MBA has an upper hand when it comes to salary.

How many years does an MBA take? ›

A full-time MBA program usually takes 1 to 2 years to complete. From online to on-campus and full-time to part-time, you can choose from a variety of programs based on your needs. The number of years or months it takes to complete your MBA will vary based on the path you choose.

Do we need maths for MBA? ›

No, maths is not required in 12th/graduation to be eligible for MBA . This is because, To be eligible for MBA you just need to have graduation degree in any discipline it doesn't matter whether you have studied maths in 12th/graduation or not.

Is MBA good for future? ›

A Master of Business Administration, or MBA, is a preferred graduate business degree that teaches students technical, managerial, and management skills. Earning an MBA offers you valuable business acumen, expands your professional network, and creates new opportunities.

Can MBA Make You billionaire? ›

An MBA may not make you rich, but it can open doors.

How much does a MBA increase your salary? ›

On average, students from the top 15 online MBA programs see a salary increase of 30% or more within three years of graduating. Graduates of the best online MBA program in the world at Warwick Business School see an average salary of US$207,725 after graduating.

What percent of billionaires have an MBA? ›

ONE IN FIVE OF THE WORLD'S BILLIONAIRES HAVE AN MBA DEGREE

Roughly 21% of the world's billionaires who have pursued tertiary-level education have an MBA, according to Wealth-X.

Is MBA after Ms a good option? ›

An MBA after MS is a popular choice for individuals who are interested in entering the corporate world. It has proved to be a beneficial programme in terms of teaching professionalism and management techniques to candidates so that they get a chance to perform better roles at their respective jobs.

What is the next step after MBA? ›

Continue your education

MBA programs focus on general management and prepare professionals to operate businesses. However, if you feel you want to gain expertise in a particular field, you could consider pursuing a Master's degree in Finance or Taxation or take professional certifications such as the ACCA or CFA.

Can I become CEO after MBA? ›

All this comes from your education and experience. While you can only gain experience once you start working, an MBA program helps you build the personality needed to lead a business into success. Why MBA for CEO? A management degree like MBA can go a long way in moulding your career as a CEO.

Does a CEO need an MBA? ›

Although the majority of CEOs are well-educated, an MBA is not a prerequisite for these roles.

Can a MBA graduate get job in Google? ›

A quick search for jobs at Google throws up an array of roles preferring candidates to be holders of graduate management education's most popular degree, the MBA.

Which famous people have an MBA? ›

10 Celebrities with an MBA or Business Degree
  • Ivanka Trump. Considering the fact that Ivanka Trump's father is the billionaire and former President Donald Trump, it is of no suprise that Mrs. ...
  • Kevin Costner. ...
  • Benicio del Toro. ...
  • Clint Eastwood. ...
  • P. ...
  • Tiger Woods. ...
  • Arnold Schwarzenegger. ...
  • John Elway.
23 Jun 2015

How many types of MBA are there? ›

The 6 different verticles or types of MBA that can be pursued in India are, full-time MBA, Online MBA, Distance MBA, Executive MBA, and One-year MBA, and MBA integrated course.

How much do MBA graduates make after 10 years? ›

THE CASH VALUE OF AN MBA DEGREE ON YOUR PAYCHECK
DegreeLifetime Median Cash PayEarly Career Median Pay
Top 10 MBA Degrees$8,045,000$133,000
Top 50 MBA Degrees$5,655,000$93,500
All MBA Degrees$4,110,000$68,000
All Bachelor's Degrees$3,320,000$55,000
1 more row
5 May 2021

Which is best MBA HR or finance? ›

On one hand, a degree in MBA Finance will allow students to pursue a career dealing with the financial aspects of a business, like risk management, valuation of funds and accounting. On the other hand, an MBA in HR is responsible to administer the largest capital of an organisation, i.e., human capital.

What course should I do after MBA HR? ›

  • MBA & DBA. Executive MBA SSBM.
  • Data Science. PGP in Data Science and Business Analytics Program from Maryland. ...
  • M.Sc in Machine Learning & AI – LJMU & IIT M.
  • Management. PMP Certification Training | PMP Online Course. ...
  • Digital Marketing. ACP in Customer Centricity.
  • Software Technology. ...
  • Business Analytics Certification Program.
14 Sept 2022

Can I go abroad after MBA in HR? ›

After completion of MBA (HR), you can avail the number reputed job abroad in small, medium or big size companies as a HR manager, junior HR manager or HR executive. So, you can hope a good job after completion of your course. Take admission in reputed universities or institute; it will be helpful to get a good job.

Is an MBA still worth it in 2022? ›

An MBA program is only worth the effort, expense, and time when the student plans to pursue a career in management, in a business-related field, or as a startup founder. For those employed in other sectors, unless they are in leadership or management positions, an MBA degree may not be needed.

What is the average salary of an MBA? ›

MBA Salary in India based on Experience

With 1-4 years of experience, the salary can increase up to Rs. 4,00,000 per annum and more. The average salary after 5 years of experience in India is about Rs. 8,00,000 per annum.

What is the salary after MBA? ›

MBA being one of the most highly pursued courses not only in India but globally as well, offers starting salaries ranging from INR 7 L – 12 L annually on an average across its varied specializations.

What are the disadvantages of MBA? ›

Advantages and Disadvantages of an MBA
AdvantagesDisadvantages
Increased job opportunitiesCost of study
Personal and entrepreneurial skill developmentTime commitment
Specialized in the field of interest with management skillsLack of practical and applied learning
High salaryRisk of ROI
1 more row
27 Dec 2021

Is MBA easy or hard? ›

In short, an MBA is as difficult as you make it, and is as rewarding as you invest in it. In the business world, there is rarely any hand-holding. You either develop into a competent business expert or are surpassed by the competition.

What kind of MBA should I get? ›

Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students. However, with time and especially post COVID, business needs are changing.

Are MBA graduates in demand? ›

How long will an MBA degree help one's career is still a question for many. The demand for an MBA degree is still high and will continue to be high because of the massive returns it has to offer to students. It helps you develop leadership skills, business principles, professional networking and makes you job-ready.

Why are MBA salaries so high? ›

The core curriculum provides a cross functional view of learning business skills and tools necessary in today's companies. A graduate brings old and new knowledge into the company and the MBA provides the additional time to acquire expertise for higher salaries.

Is it worth to do MBA? ›

An MBA is generally considered a worthy investment for most people with a career in business, however, people pursue this level of education at different points in their careers.

How much should I make with an MBA and no experience? ›

As of Oct 24, 2022, the average annual pay for an Entry Level MBA in California is $77,583 a year. Just in case you need a simple salary calculator, that works out to be approximately $37.30 an hour.

How much do top 20 MBA graduates make? ›

THE CASH VALUE OF AN MBA DEGREE ON YOUR PAYCHECK
DegreeLifetime Median Cash Pay20-Year Median Cash Pay
Top 10 MBA Degrees$8,045,000$3,500,000
Top 50 MBA Degrees$5,655,000$2,500,000
All MBA Degrees$4,110,000$1,830,000
All Bachelor's Degrees$3,320,000$1,480,000
1 more row
5 May 2021

Who earns more MBA or engineer? ›

Your work experience and skills matter when it comes to who earns more. As every industry needs an MBA so MBA has an upper hand when it comes to salary.

Which is better an MBA or Masters? ›

Both a Master of Business Administration (MBA) and a Master of Science (MS) degree can offer a comprehensive graduate-level business education, however an MBA will provide an interdepartmental look at how businesses run, while an MS will provide a nuanced understanding of one particular area of business.

Should you add MBA to your name? ›

Earning an MBA is a milestone in your professional career. An MBA opens a world of possibilities in regards to job opportunities and promotions. Since you have earned an MBA, you might want to add those three letters after your name in an email signature of a business card.

Do you need an MBA to be a CEO? ›

Although the majority of CEOs are well-educated, an MBA is not a prerequisite for these roles.

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