If you’re looking to make a six-figure salary, then earning your MBA can be a great way to help you reach your goal. A six-figure salary refers to jobs that pay over 100k. While there are no guarantees in life, an MBA could give you the skills and knowledge you need to compete for high-paying jobs and open doors to networking and job opportunities you may not have access to otherwise. So if you want to know what jobs make 100k a year or more, then an MBA may be what you need.
What Jobs Can You Get with an MBA?
An MBA degree is a great way to advance your career in today’s competitive job market. With an MBA, you’ll be able to pursue higher-level management positions in a variety of industries. You can also use your degree to start your own company or consult for other businesses. And if you’re looking to change careers, an MBA can give you the necessary skills and knowledge to make the transition. So if you’re considering pursuing an MBA, know that plenty of options are available after graduation. You can find the perfect job for your unique skill set and goals with hard work and determination. Talk to your advisors and professors to learn more about what types of careers might be a good fit for you.
MBA Degree Jobs that Pay 100k
The MBA remains the gold standard of business education for those looking to launch a successful career in business. While the degree itself is no guarantee of success, it does open doors to many high-paying jobs. In fact, there are a number of MBA jobs that pay six-figure salaries. Here are just a few examples:
Business operations managers
Business operations managers coordinate the daily operations of private and public sector organizations in nearly every industry, often heading multiple departments or locations. Typical duties include creating and directing policies, managing budgets, hiring staff, and maximizing efficiency. The responsibilities of a business operations manager are diverse enough that they often cover managerial and administrative functions, including personnel management, purchasing, and administration. An MBA is generally the minimum requirement for this role, with employers preferring candidates with a few years of experience in a similar supervisory capacity. According to the Bureau of Labor Statistics (BLS), the mean annual salary of a business operations manager is $115,250.
Financial managers are responsible for creating financial reports, directing investment activities, and developing plans to help their organization achieve its long-term financial goals. Financial managers are in high demand across many industries, such as banks, investment firms, and insurance companies. To become a financial manager, you would need at least a bachelor’s degree, but preferably an MBA, and at least five years of experience in another business-related occupation, such as an accountant, sales agent, or financial analyst. According to the BLS, the median annual salary of a financial manager is $131,710.
Human resources managers
Human resources managers organize and coordinate a company’s administrative functions, including developing and implementing policies and procedures related to employee hiring, firing, and discipline. The HR manager is also responsible for maintaining accurate records of employee absences, vacation days, and other time off. The HR manager often works with outside vendors to provide health insurance, retirement benefits, and other employee perks. Nearly every industry employs human resources managers. Although some employers will hire candidates with a bachelor’s degree, many may require a master’s degree and several years of experience in human resources. According to the BLS, the median annual salary of a human resources manager is $126,230.
Computer and information systems managers
Computer and information systems managers are responsible for overseeing the work of computer programmers, systems analysts, and other computer-related workers. They plan, coordinate, and direct computer-related activities in an organization and may also be responsible for computer equipment installation and maintenance. Computer and information systems managers typically have a bachelor’s degree in computer science or a related field. They also usually have several years of experience working in computer or information systems. Some recruiting agents prefer candidates who have a master’s. According to the BLS, the median annual salary of a computer and information systems manager is $159,010.
Financial and investment analysts
Financial and investment analysts play an essential role in the financial world. They help individuals and businesses make informed investment decisions by providing analysis and research on various topics. Financial and investment analysts can take a focused approach and specialize in topics such as stocks, bonds, or commodities to help individual investors make buy or sell decisions. They may also consider a broad range of issues, including economic trends, company financial statements, and government regulations, to provide an overview of the investment landscape so clients can make informed investment decisions. For most positions, a bachelor’s degree in business, finance, accounting, or economics is required, but many employers prefer a master’s degree in business administration or a related field. According to the BLS, the mean annual salary of a financial and investment analyst is $103,020.
Advertising, promotions, and marketing managers
Advertising, promotions, and marketing managers are responsible for planning programs and campaigns to generate interest in their organization’s products or services. Nearly every industry employs advertising, promotions, and marketing managers since most businesses and organizations need to market themselves. They may work directly for said organizations, but many are employed by advertising agencies. Most positions require a bachelor’s degree, with a master’s in business administration with a concentration in marketing preferred, along with experience in a related field. According to the BLS, the median annual salary of an advertising, promotions, and marketing manager is $133,380.
Medical and health services managers
Medical and health services managers, also known as healthcare executives or administrators, are responsible for planning, directing, and coordinating medical and health services in a nursing home, hospital, clinic, or private practice. They may manage an entire facility, a specific clinical area or department, or a medical practice for a group of physicians. Employers prefer candidates with administrative experience in a healthcare facility, and most healthcare administrators have at least a bachelor’s degree, but master’s degrees are also commonplace. According to the BLS, the median annual salary of a medical and health services manager is $101,340.
How to Make Six Figures
Although not guaranteed, earning an MBA can put you on the career path to earning a six-figure salary. MBA degrees typically lead to careers in management or business administration, and the skills learned in an MBA program can help you become a successful business leader. With an MBA, you will have the knowledge and skills necessary to start your own business or take on a leadership role in an existing company. If you are motivated and dedicated to your career, an MBA can help you achieve your goal of earning a six-figure salary.
Your MBA is only worth as much as you put into it, however. There are some things you can do during your MBA program to help you reach your ultimate six-figure goal:
- Network with faculty and fellow MBA graduates. One of the most significant benefits of pursuing an MBA is the opportunity to network with other business professionals. By networking effectively, you can make valuable connections, learn about different industries, and find new job opportunities. So participate in class discussions, develop professional relationships with your professors, and attend networking events hosted by your school or local business organizations. Follow up with any contacts you make to create a lasting impression and strengthen your professional network. Following these tips can maximize your networking opportunities during your MBA program.
- Specialize in an area of interest. See if you can find an MBA program known for your concentration of choice. While many MBA specializations are available, choosing the right one can help improve your future career prospects. For example, if you’re interested in working in healthcare management, pursuing a healthcare management specialization will give you the skills and knowledge you need to be successful in that field. Similarly, if you’re interested in working in finance, pursuing a finance specialization will give you the ability to analyze financial data and make sound investment decisions. By doing your research and choosing the right program and concentration, you’re setting yourself up for success down the road.
- Apply yourself. Working hard during your MBA program is essential if you want to be successful. The coursework is challenging, and there is a lot of material to cover. If you don’t put in the effort, you won’t be able to keep up, and you’ll quickly fall behind. Your performance in the program will directly impact your career prospects after graduation. So if you want to land a six-figure job and get ahead in your career, you need to make sure you work hard while in business school.
Start Your MBA Career at UTC
If one of these jobs that pay 100k sounds interesting to you and you’re considering pursuing an MBA, the Gary W. Rollins College of Business at The University of Tennessee at Chattanooga offers a flexible hybrid or 100 percent online MBA program designed to fit the needs of busy working professionals. The faculty is comprised of business professionals with extensive real-world experience, and the program is accredited by the Association to Advance Collegiate Schools of Business (AACSB). Students can choose from several concentrations: business analytics, finance, or healthcare administration. Financial aid is available for qualifying students, and scholarships are available for those who demonstrate financial need. Please visit the Gary W. Rollins College of Business website for more information.