Do you have a strong desire to succeed in the business world? Taking part in an online MBA program will give you a solid overview of the business world and the skills you will need to succeed as a business leader.
There is no doubt that MBA degrees have a great deal of value among employees. As such, they offer lucrative and fulfilling career advancement opportunities for employees. According to a report published by the Graduate Management Admission Council, 96% of employers think hiring graduates from business schools will create value within their company.
Those seeking an MBA degree have the option of enrolling in either a general MBA or a specialized MBA. Here is a guide to help you get started.
How are General MBAs and Specialized MBAs different?
The curriculum of a General MBA covers a wide range of topics related to management. This program teaches business management, critical thinking, leadership, and other essential skills.
In contrast, specialized MBA programs come with a focused field of study, enabling students to gain advanced knowledge and expertise in one particular business area.
Is a General MBA better than a Specialized MBA?
In regards to the general MBA vs. specialization debate, it’s worth mentioning three reasons why going for the general MBA is a good idea:
- An MBA degree is incredibly versatile, so you have no trouble finding a job after graduating.
- Having a well-rounded, international view of business allows you to switch between industries without any hindrance.
- If you’re working in business, acquiring a general MBA can open up a number of career advancement opportunities.
- Enrolling in a general MBA online program is also an option for full-time workers and improves their career prospects and boosts their income potential.
A 2020 National Association of Colleges and Employers report shows a starting salary of $79,043 for MBAs in general.
According to Payscale, the median MBA salary for upper-level general management positions is $119,679 annually.
That’s not bad, is it?
If you agree with the above question, you have even more to look forward to in terms of career opportunities following your general MBA. Let’s explore
Here are the top general MBA entry-level jobs
General MBA graduates are highly sought after even without experience because they bring a wide range of skills to the table, including communication, marketing, economics, statistics, and financial analysis.
Here are some jobs that entry-level MBA graduates can easily bag:
Accounting managers ensure that financial statements and reports are accurately delivered on time. Their responsibilities include managing income statements, budgets, tax reports, audits, and more. Those hired at this position earn as much as $118,000 per year as entry-level employees.
The complexity of modern businesses makes it increasingly important to have employees proficient at analyzing change, reacting to it, and anticipating future trends. An MBA student brings strategic thinking skills to the table that are essential to increasing a business’s efficiency, structure, and profitability.
Customer Relations Consultant
Professionals in this field assist customers in identifying their needs. Next, they come up with strategic solutions to address those needs. In most cases, this position does not require any experience.
The database analysts are responsible for managing all the organization’s databases. In this role, you’ll need a methodical mind and a keen eye for detail. Fortunately, your general MBA program has already taught you these skills.
The median salary for this position is $92,500.
Essentially, the role is concerned with developing tools and processes to ensure that the organization is more sustainable in the future. As an environmental engineer, you must have strong analytical and research skills. Additionally, you need to provide evidence on how new technologies will benefit the organization to senior management and explain the benefits they will have on the atmosphere.
Financial analysts ensure the company’s finances are in good shape. By managing cash flow properly, they ensure businesses remain profitable. A financial analyst usually works for a bank, an insurance company, or a securities firm.
Human Resources Assistant
This role could be ideal for you if you’re interested in a career in human resources.
According to Payscale, human resource assistants with master’s degrees earn an average salary of $53,000. As you advance in your career, your salary will increase.
A marketing manager is responsible for working with customers who have already established relationships. Their main duty is to ensure that clients’ accounts are effectively managed and serviced. Additionally, they are in charge of customer satisfaction, customer brand marketing, and trend analysis.
Typically, this position pays $102,233 – $110,977 per year.
Public Service Manager
If you hold an MBA degree and wish to start a career in government, there are many entry-level positions available. MBA graduates are eligible for specialized programs in many federal departments. The career may not be the best-paying one, but it’s still a reasonable choice.
Public Relations Manager
PR managers select, create and distribute publicity materials to promote the company, its products and/or services, and its individuals, groups, or departments. If you opt for this position, you must have strong writing and communication skills.
The expected average salary for this role ranges from $106,895 to $115,144 on an annual basis.
It is the responsibility of product managers to help businesses grow their market while remaining profitable. These professionals usually collaborate with other managers in advertising, sales, and public relations to ensure new products are launched at the right time.
According to Indeed, the average salary for this position is $128,329.
A general MBA degree can give you an edge during the hiring process, as companies typically seek well-rounded candidates as part of their talent pool. Several careers are open for MBA graduates at the entry-level, which they can enter right after graduating.
Additionally, you can maximize your career options by enrolling in a General MBA online program. The program will develop your leadership and team management skills and cultivate a global perspective on business.