Edited by Rivermore Academy
Everyone knows about MBA (Master of Business Administration), and top executives often find time to pursue an MBA. But did you know that having an MBA can potentially break through the dilemma of your current career?
Many argue that there's an oversaturation of MBAs nowadays, making it seem like having an MBA is not as valuable. On the other hand, some believe that obtaining an MBA is the key to advancing their careers. Executives who invest in an MBA surely understand its value.
So, for those aiming to break through their career dilemma, do you really understand how an MBA can help you? Is an MBA worth it? Let's explore in this article!
High Return Industries Post MBA
Not sure what career to pursue after earning your MBA? Confused about which industry to enter? Take a look at these industries with the highest returns!
1. Finance
Finance is consistently one of the most lucrative industries and also one of the industries with the highest return after completing an MBA. As businesses expand in terms of capital and operations, every senior-level manager must understand the company's operations, business, and management. Therefore, MBA graduates entering the finance industry can quickly see returns on their investment.
2. IT/Telecommunications
The IT sector, including information transmission, software, and information technology, continues to rapidly develop. Companies in this field also require MBA professionals who can manage large teams and funds. Currently, many MBA talents have successfully transitioned to high-tech-related companies, making successful career shifts into new domains.
3. Consulting
Almost all schools offering MBA programs include courses in "strategic management," which is crucial for MBA graduates to enter the consulting industry. Globally, the consulting industry is generally well-compensated. Once in the consulting industry, whether in strategy, business development, talent selection, etc., MBA graduates have the opportunity to showcase their skills.
No Promotion Opportunities? Get an MBA, and Hundreds of Companies Will Look to You!
Enough with the theories, let's talk about real examples.
During the pandemic, and even into 2023, the job market remains bleak, yet MBA graduates from Harvard are still landing great jobs.
One MBA graduate, also a working adult, has successfully transitioned to different tracks, securing offers from a legal tech startup, a global music copyright company, and ByteDance International E-commerce. The positions offered were all for senior product managers, senior managers, and senior PMOs in entirely new fields. These were areas she had never attempted before, but post-MBA, she successfully secured high positions and salaries.
Another example involves a working professional stuck in the same field and position for over a decade with no promotion prospects. Eager to break free from the current situation, she boldly pursued an MBA. Before completing her MBA, she had already caught the attention of head hunters from several large companies, including ByteDance and Shangri-La Hotels.
For more details, please read this article.
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