A Master of Business Administration (MBA) can give a job applicant a cutting edge over competitors and is required for many management-level positions. In this article, learn about three potential career paths that earning an MBA can help you secure.
Many businesses and corporations are increasingly seeking candidates with an MBA to fill management-level positions. Due to the continuous hiring of workers to apply new technology in the workplace, the demands for managers are high.
|Career Titles||Information Systems Managers||Computer Systems Analysts||Chief Technology Officers|
|Education Requirements||Bachelor's degree in computer or information science; many employers require an MBA||Bachelor's degree in computer or information science; many employers prefer an MBA||Bachelor's degree in business or public administration; many employers prefer an MBA|
|Projected Job Growth (2014-2024)*||15%||21%||6% (for top executives)|
|Median Annual Salary (May, 2015)*||$131,600||$85,800||$175,110 (for top executives)|
Source: *U.S. Bureau of Labor Statistics
Find schools that offer these popular programs
- Computer and Information Support Services, Other
- Information Science and Studies General
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Graduates of MBA in Technology Management programs could be qualified to pursue a variety of high-level careers. For instance, they might go on to become information systems managers, computer systems analysts or chief technology officers (CTOs).
Information Systems Manager
These managers work at multiple levels in a company to oversee information technology (IT) resources and personnel. Prospects for information systems managers should be good, with an expected growth rate of 15% from 2014-2024; this was faster than the average for all other occupations, according to the U.S. Bureau of Labor Statistics (BLS).
The BLS also noted that salaries of computer and information systems managers vary by specialty, with securities and commodity exchange firms generally paying the highest. The median annual salary of computer and information systems managers across all fields was $131,600 in May 2015, with most managers' earnings ranging from $80,160-$166,160.
Systems analysts design and optimize a business' computer systems and technology infrastructure, then manage the installation and phasing in of new systems. The BLS projected that employment of computer systems analysts could grow by 21% between 2014 and 2024. However, similar to other jobs in information technology, employment growth could be stunted by the outsourcing of positions.
The highest-paid analysts work in the mining support activities industry. The median salary for a computer systems analyst was $85,800 in May 2015, according to the BLS. Analysts in the top ten percentile earned $135,450 or more, while the lowest ten percent earned $51,910 or less.
Chief Technology Officer
Chief technology officers are typically the highest-ranking technology managers in a company and ensure that a business' information technology resources enhance the company's goals. Due to the high pay and prestigious nature of a top executive position, keen competition is expected for positions. Average employment growth of 6% is expected for top executives from 2014-2024, according to the BLS.
According to BLS, the median salary for top executives was $175,110 in May 2015. Most salaries ranged from $68,600 to well over $187,200. As with other top executive positions, pay for chief technology officers depends on the size and industry of the individual business or corporation.
Information systems managers and systems analysts are both in high demand for a number of companies. After earning some experience and rapport with a company, higher management positions, such as that of chief technology officer, may also become available. Although responsibility is great, the financial compensation and decision making power make these positions highly desirable.