Anyone who is considering an MBA (or Master of Business Administration) degree program is looking to enjoy a quick return on their investment. Most students pursue this advanced degree because they want to take the next step forward in their career. Sometimes that means acquiring a leadership position in their current organization. Other times, it means that a student wants to find a new job opportunity in a different sector.
So, if you are thinking about applying for an online MBA degree, you will want to think about who is hiring. At the University of Tennessee Chattanooga (UTC), we have found that our MBA graduates are uniquely qualified for positions in a variety of business sectors. We prepare our students by arming them with the foundational knowledge they need and the specialized skills that are required to succeed.
These are six of the top industries that are hiring MBA degree graduates:
The marketing industry is experiencing exponential growth, as more and more companies recognize the importance of having an experienced and intuitive marketing department. Social media has changed the way that consumers interact with their favorite businesses, and marketing experts need to help manage the social presence of organizations of all sizes.
According to U.S. News and World Report, marketing managers are one of the hottest jobs for graduates with an MBA degree. Marketing managers do more than the daily marketing workload. They are responsible for creating a comprehensive marketing strategy that covers the large picture as well as delegateing daily tasks for the entire marketing team to complete. The Bureau of Labor Statistics projects the job growth rate for marketing managers at 8 percent, faster than average.
MBA graduates often find that it’s easy to land a job in the banking or finance sectors. In fact, MBA graduates are uniquely suited to become financial managers. During their degree program, students take an in-depth look at financial topics, and they develop the skills needed to create a strategic financial plan for organizations of all sizes. They learn about the best ways to monitor the financial success of an organization, and they discover how to make predictions that will help the company grow into the future.
At UTC, we offer a finance concentration to MBA degree students, which is ideal for anyone who wants to become a financial manager after graduating. The Bureau of Labor Statistics notes that the job growth rate for financial managers is about 16 percent, which is much faster than average.
Many people going into business often forget about human resources, but this department is the one that ensures organizations continue to operate smoothly, safely and fairly. Human resources managers are responsible for overseeing the human resources department, and, among other things, they help guide the company’s hiring strategies.
In many cases, candidates are more likely to get the job if they have an advanced degree, such as an MBA degree. This is due to the fact that the MBA degree program provides students with an in-depth look at many aspects of an organization. Human resources managers must have an understanding of the needs of the entire company in order to make the best possible hires for their organization. According to the Bureau of Labor Statistics, the projected job growth rate for human resources managers is about 7 percent.
The health care industry has unique opportunities for graduates with MBA degrees. Many MBA graduates are able to find a position as a health care administrator, which requires them to take an analytical look at a health care organization and develop a strategy to help that organization grow and expand to meet the needs of its patients.
At UTC, MBA degree students can earn a concentration in healthcare administration. This specialization is not available at every institution that offers an accredited online MBA degree program, so it provides UTC students with a unique advantage. The Bureau of Labor Statistics states that the job growth rate for health care administrators is about 18 percent, making this one of the hottest jobs around for MBA graduates.
Supply Chain Management
The importance of effective supply chain management has recently been highlighted by the great toilet paper shortage of 2020. According to U.S. News and World Report, supply chain was often ignored as part of the overall business curriculum. However, MBA graduates have quantitative decision analysis and data analytics curriculum which benefits this sector of business. At UTC, MBA degree students can pursue a concentration in business analytics.
The supply chain industry is often looking to hire supply chain managers who have an MBA degree. According to the Bureau of Labor Statistics, the logisticians and supply chain manager positions will see a 5 percent growth rate in the coming decade.
Another sector that MBA graduates often end up pursuing after graduation is tech. Major technology companies are constantly growing and expanding, and they need the most qualified individuals to fill their open positions. MBA degree graduates develop the technological skills needed to succeed in this industry, and they cover the importance of cyber security throughout their curriculum program.
Technology jobs pay well, and they offer a lot of job security, which makes them an ideal choice for MBA graduates. The Bureau of Labor Statistics predicts that the job growth rate for computer and information systems managers will be about 11 percent over the next 10 years.
An online MBA degree program is the perfect option for anyone who is interested in pursuing high-level positions in a variety of industries. Both the Flexible MBA and the Online MBA degree program offered by UTC allows students to pursue their degrees on their own time. Both programs allow MBA students to be flexible when balancing professional and personal responsibilities along with their education. Either MBA degree program can be completed in as little as two years part-time or 4 semesters full time.
Ultimately, the choice is yours, but the result is almost always the same. You graduate with an MBA degree that you can be proud of, and you’ll be well prepared to pursue your dream job.
For more information on the UTC Flexible MBA or Online MBA degree program, contact us today.