According to the Graduate Management Admission Council’s 2021 corporate recruiters survey, MBA graduates who completed their degrees in 2021 and received job offers typically earned six-figure salaries. In 2021, the average starting MBA salary was $115,000, which was the same as it was just before the recent coronavirus-driven economic downturn started. [.
The number of job postings on CareerBuilder for management-related positions com website has increased by 123. 5% over the past year, according to the company. B-school graduates should be aware that the job market is currently in their favor, which means that “they are in a place where they can really take the drivers seat in their career,” according to Kristin Kelley, chief marketing officer of CareerBuilders. “.
The American Public University Systems Boston School of Business’s dean, Marie Gould Harper, advises being very clear about what they would consider their initial dream job to be. According to some experts, right now would be a good time to take the risk. [.
After MBA: What Next To Study? Making Wise Career Decisions For MBAs ( Masters Of Business Admin )
What is an MBA?
One of the many options available to you after obtaining an MBA, or Master of Business Administration, is to pursue a degree. A highly specialized advanced program in business called an MBA, also known as a graduate degree, can help you take on more leadership roles, occupy various positions within an organization, and increase your value as a business expert. If you choose, an MBA can also prepare you for further academic study or teaching.
An MBA can be completed in as little as one or two years if you enroll full-time, or it may take longer if you enroll part-time. Some MBA programs can also be completed online. A specialization in a particular area of advanced business practice, such as marketing, product development, or business technology, can be facilitated by earning an MBA.
What to do after an MBA degree
An advanced business degree, like an MBA, can serve as a springboard for a variety of other professional and educational opportunities. Here are some suggestions for what you can do after receiving your MBA to support your professional development and growth:
Pursue another degree
Despite the fact that an MBA is regarded as an advanced graduate degree in the business field, you may want to pursue a degree that is even more advanced, like a Ph D. Before submitting an application for a Ph.D., you might find it helpful to take some additional coursework in academic subjects like economics or statistics because the coursework for an MBA frequently focuses on the practical implications of leadership and business decisions. D. programs.
After earning your MBA, you might decide to pursue a master’s degree in a different field. This is a possibility if you want to specialize in another academic field or if your line of work necessitates taking additional graduate-level courses. A JD in law or an MD in medicine are examples of degrees that are frequently combined with an MBA. These degrees can help MBA graduates get ready for careers in business law or healthcare administration.
Earn additional certifications
The pursuit of certifications that may be shorter or less involved than another advanced degree counts as education beyond the MBA. You might want to look into the following additional certification categories:
If you are interested in the finance industry, CFA training can help you advance your career. The certification has three levels, can be completed in about four years, and can help you get work in industries like corporate finance and investment banking.
A Financial Risk Manager (FRM) certification is available to risk management specialists. The Global Association of Risk Professionals (GARP) offers this certification, which primarily entails passing an exam to demonstrate your proficiency in risk management.
An MBA-trained IT professional might decide to become a Certified Information Systems Auditor (CISA). With this certification, you could be qualified for jobs analyzing and keeping an eye on how business and IT systems interact in organizations.
A certification in production and inventory management is offered by the American Production and Inventory Control Society, which is now a part of the Association for Supply Chain Management. With this certification, you can get ready for jobs requiring specialized supply chain knowledge.
Through the Project Management Institute, project managers can become certified as Project Management Professionals. This certification may qualify you for project manager roles.
Take specialized classes
After receiving your MBA, you can enroll in specialized courses that will equip you with extra knowledge and skills that are valuable in and of themselves without leading to the achievement of a new certification or credential. Consider researching the course offerings at the institution where you received your MBA or another college or university that interests you. Some colleges and universities offer credit and non-credit-bearing classes in specialized business skills.
Other choices to consider could be online micro-credentials or one-time courses provided by online learning platforms, some of which are linked to well-known professional social networking websites.
You might think about looking for internship opportunities after earning your MBA if it makes sense for your situation. Although some people finish their MBA while working in business or after gaining professional experience in their chosen field, others have less experience or are pursuing a different specialty as part of their graduate school education.
Opportunities for internships are a great way to learn the details of a new position, and many interns receive full-time job offers after their internships are over, depending on their performance and the needs of the company.
Find a job you love
After earning their MBA, some professionals opt to start working full-time. Some people continue in the position they held prior to beginning their studies or while enrolled in an MBA program, possibly at a different level or with different duties.
While deciding whether or not to enroll in additional courses or qualifications, you may also decide to continue working in a current or new position. It may be advantageous to include a full- or part-time job in your post-MBA plans as some employers provide compensation, reimbursement, or access to additional specialized training.
Start your own business
After earning your MBA, you may want to consider going into business for yourself. Some MBA programs even include electives or a focus on entrepreneurship to help students get ready to launch their own businesses. Think about implementing one of your own ideas using the MBA skills you learned. You may also decide to combine this option with another, such as taking on more coursework or working part-time as an employee at a company while you launch your business.
What’s the next degree after MBA?
A JD in law or an MD in medicine are examples of degrees that are frequently combined with an MBA. These degrees can help MBA graduates get ready for careers in business law or healthcare administration.
Which course is best after MBA?
- Financial Risk Management [FRM]
- Doctor of Business Administration.
- Certified Information Systems Auditor (CISA)
- Chartered Financial Analyst [CFA]
- PhD in Management.
- ISB’s Certificate Programme in Business Analytics.
- Certification in Risk Management Assurance [CRMA]