3 Fast-Growing Careers Worth Considering for MBA Graduates
There are many opportunities for recent MBA graduates to enter the business world in the area of their choice. However, certain sectors are growing at a rapid pace and for those interested in these areas, their chances of landing a job are excellent in the current market. If you’re still deciding which area of business to specialize in, consider the following three careers, as they are fast-growing and businesses are struggling to find enough workers.
Recent MBA grads often seek out marketing positions, specifically management opportunities. This is a position needed by all kinds of businesses and one that attracts many candidates looking to enter a rewarding career with the potential for advancement.
Job tasks include conducting market research, analyzing current market conditions and strategizing ways to increase awareness of company products or services. Marketing managers set up budgets, develop pricing strategies, create company presentations and monitor industry practices in an attempt to stay ahead of competitors in various arenas of business.
Professionals looking to enter marketing management positions need excellent written and verbal communication skills, presentation skills, leadership qualities and adaptability. You must prove you know and understand the given industry and show how you can make an organization more profitable in order to get the best jobs in this field.
This position can require long hours and hard work, but many in the field enjoy the more casual environment found in many marketing teams.
Health Services Manager
With the advent of health informatics, MBA grads are highly sought after in the health services industry. The greatest demand for health services managers is in the pharmaceutical and computer industries. These industries provide services to hospitals and healthcare organizations and are consistently looking for skilled professionals.
Healthcare companies are currently struggling to find enough MBA graduates to fill the ever-increasing job openings in this field. There are countless opportunities to work in management positions at hospitals as well as other areas of healthcare. Biomedical startups and consulting firms also need MBA graduates to fill positions.
In the past, healthcare organizations were focused on hiring MBAs with clinical expertise. But with the explosion of new healthcare organizations focused on lowering costs, this is changing. As healthcare firms try to manage the high costs of healthcare, organizations are now looking for new hires with the business skills necessary to rein in costs and adopt efficient plans for the future.
According to a 2014 report by the Anderson Economic Group, businesses will be looking to fill approximately 1.5 million project management positions each year through 2025.
Employers in various fields are looking for MBA graduates with strong skills and knowledge in project management who can not only lead teams efficiently, but can also implement strategic change with the insight gained from MBA work. Project managers are responsible for all aspects of specific business initiatives including planning, coordination and implementation. They typically oversee teams comprised of several departments of an organization.
The Necessary Skills + The Right Initiative = A Job Offer
To turn a job opening into a job offer, Cynthia Kay Stevens, associate professor at the University of Maryland Robert H. Smith School of Business, offers this advice in the Washington Post:
“Show clearly how you can meet that employer’s needs, both in terms of your technical skills and your intangible qualities. A general rule is that meeting needed technical skills gets you invited for an interview, but meeting needed intangible qualities gets you the job offer. While you may not be the best fit for every opening, thoroughly investigating your target employer and showing how your technical skills and intangible qualities match that employers’ needs dramatically improves your chances.”
Pursuing an online MBA will not only equip you with the necessary skills for a job in these fast-growing fields, but will demonstrate your personal initiative and your ability to use technology to create desired solutions—a combination of qualities that few companies can resist.