MBA Career Options with Work-Life Balance
Although it depends on the specific organization, in today's competitive world, most MBA careers require long hours, travel and/or have other factors that are not conducive to a well-rounded work-life balance. However, there are some careers that may require fewer hours than most and/or offer more flexible schedules to allow for work-life balance for those wishing to spend more time with friends and family. Learn about a few of these MBA careers with work-life balance below.
|Job Title||Median Salary (2016)*||Job Growth (2016-2026)*|
|Market Research Analysts||$62,560||23%|
|Accountants and Auditors||$68,150||10%|
|Training and Development Managers||$105,830||10%|
Source: *U.S. Bureau of Labor Statistics (BLS)
Career Information for MBA Careers with Work-Life Balance
Market Research Analysts
Some market research analysts are able to work from home to provide a more flexible schedule and the BLS also reports that these professionals usually work regular business hours unless under a specific deadline. These analysts carefully watch and analyze market and sales trends to try and help companies understand who is buying what and at what price, which also gives organizations insight into what marketing campaigns are working. Market research analysts usually use statistical software for their analysis and present their findings in detailed reports for their organization and/or clients. They must hold at least a bachelor's degree, but may need a master's degree in marketing, statistics or an MBA for leadership roles or research positions.
Financial examiners often need to travel to banks to perform their job duties, but this is typically done during normal work hours, which allows for more work-life balance. These professionals usually work full-time examining the various financial documents and aspects of financial institutions to ensure accuracy and compliance with current laws and regulations. They create detailed reports about the financial condition of the institution and often train newer examiners throughout the process. Financial examiners need at least a bachelor's degree, but can earn an MBA, Certified Public Accountant (CPA) credential or other master's degree for advancement.
Accountants and Auditors
Although the BLS stated that about 20% of accountants and auditors worked more than 40 hours a week in 2016, some of these professionals are able to work from home on a flexible schedule and only work extended hours around tax season. Accountants and auditors help prepare and file taxes and check various financial records for accuracy, as well as help organize these records for organizations and/or individuals. Sometimes their examinations allow them to make suggestions to management about ways to cut costs or make the organization more efficient and also ensure that all legal requirements are being met. These professionals must have a bachelor's degree, but may be required to hold a master's degree in accounting, MBA with a concentration in accounting and/or a CPA credential.
Management analysts may need to travel to clients and work extra hours to meet deadlines, but the BLS reported that only 25% of these analysts worked more than 40 hours a week in 2016, as opposed to many careers that have one third or more working more than 40 hours a week. These analysts examine an organization's efficiency by interviewing staff and making observations, as well as reviewing financial data and other information surrounding a specific problem or procedure. After analyzing all of this information, management analysts make detailed suggestions in their reports for ways to increase profits and solve various issues through new procedures or other methods. They must have a bachelor's degree, but may need an MBA or Certified Management Consultant (CMC) designation.
Training and Development Managers
Despite the BLS reporting that about 30% of training and development managers worked more than 40 hours a week in 2016, most of these managers work regular business hours to allow for work-life balance. They are responsible for helping train and further develop the skills of an organization's staff through various training programs that they develop and continue to update based on an organization's needs. As they develop these programs they must understand the organization's goals, manage training budgets, monitor the effectiveness of programs and then train any additional instructors or managers. Training and development managers usually need at least a bachelor's degree and some work experience, but many positions may require an MBA or master's degree in training and development, organizational development or another related field.