Earning an MBA proves that a student understands core components of a business, from marketing to human resources. These skills are crucial for high-level positions in many businesses. Three careers that open up to MBA graduates include computer and information systems manager, financial analyst, and investment banker.
Individuals with a Master of Business Administration can be employed in a variety of industries, including finance, manufacturing, health care, media and technology. Jobs that require an MBA usually deal with managing assets and personnel.
|Career Titles||Computer and Information Systems Manager||Financial Analyst||Investment Banker|
|Education Requirements||Bachelor's degree||Bachelor's degree||Bachelor's degree|
|Other Requirements||None||FINRA registration||FINRA registration|
|Projected Job Growth (2019-2029)*||10%||5%||4% (includes all financial service sales, commodities and securities agents)|
|Median Salary (2020)*||$151,150||$83,660||$64,770 (includes all financial service sales, commodities and securities agents)|
Source: *U.S. Bureau of Labor Statistics
Some job duties of an MBA graduate may include business planning, systems or resource analysis, client relations and consulting. Below are more specific details about three careers available to graduates of an MBA program, including computer and information systems manager, financial analyst and investment banker.
Computer and Information Systems Manager/CTO
People with an undergraduate degree in a computer-related field, combined with a technology-focused MBA, are suited to jobs in the management arena of the technology world. One example of a job title in this field is chief technology officer (CTO).
CTOs identify new technologies in order to better serve the organizations with which they work. They are the professionals in charge of determining the standards by which the organization operates. CTOs work with the financial and management side of an organization, conducting cost analyses in order to present technological and other options to fellow members of top management.
The median annual wage for computer and information systems managers was $151,150 as of May 2020; that same year, chief executives as a whole made a median annual salary of $185,950. Top executives, a field that includes chief technology officers, earn some of the highest salaries in the U.S., according to the U.S. Bureau of Labor Statistics, or BLS.
Sometimes called security analysts, portfolio managers or investment analysts, these professionals help individuals and businesses make decisions about investments. Generally, financial analysts are divided into two categories: sell-side analysts or buy-side analysts.
Financial analysts examine financial data in order to make choices about investments. They may work for insurance companies, banks, mutual funds, securities firms or other financial organizations. Their job is to keep abreast of market trends in order to buy and sell securities for their clients. They must be able to analyze expenses, sales, tax rates and commodity prices and communicate their findings to their clients.
According to the BLS, employment of financial analysts was expected to increase by 5% between 2019 and 2029, which is faster than average for all jobs. The BLS also reported that the median annual wage for this field was $83,660 as of May 2020.
Investment bankers function as underwriters. The BLS classifies them with 'securities, commodities and financial services sales agents.' Their job is to connect investors who provide loans at an interest to businesses needing funds. Investment bankers are key players in helping new businesses offer their stock publicly.
Investment bankers often earn large salaries and work long hours; the BLS reported that the median annual salary for securities, commodities and financial services sales agents, the larger group that includes investment bankers, was $64,770 as of May 2020. They deal with mergers and acquisitions of companies and must meet with clients. Since they act as sales agents, investment bankers must be adept at dealing with people. They often work in call centers, contacting clients and responding to requests to open accounts, provide trading services and give advice to potential investors.
According to BLS reports, securities, commodities and financial services sales agents were expected to see a 4% increase in employment between 2019 and 2029, which is an average rate of growth for all jobs. Specifically, investment bankers' services are expected to stay in demand as the economy bounces back from the recent recession.
Financial and technology management will always be an important factor in running a business. Therefore, all three of these career paths are expected to have steady growth in job opportunity. Each requires a thorough understanding of business administration, which an MBA can provide.