The Versatility of an MBA: 5 Fields That Value An Expansive Degree

  • Published on:
    January 22, 2024
  • Reading time by:
    3 minutes

Are you considering tertiary study? It’s such a wise decision that will positively impact your career. Those with college undergraduate or postgraduate qualifications earn more than unqualified people, receive better workplace benefits and perks and overall have a better quality of life. Whatever the field you study, a college degree will set you up for success and give you a launching pad for the rest of your life.

And an online MBA with AACSB, which is short for a Masters of Business Administration and Association to Advance Collegiate Schools of Business. This professional organization ensures business schools meet the highest standards of excellence in teaching, research, curriculum, and learner success. The institution you receive your MBA from should be a member of AACSB, which will ensure you receive the highest possible education standards.

But how versatile is an MBA? What fields value such an expansive degree? This helpful article will share the answers to this question you are likely pondering. Continue reading to learn more.

An MBA Will Prepare You for Management Roles

An MBA degree will prepare you for either running or managing a business or working for a large corporate enterprise in managerial roles, either as an executive general manager or, to begin with, as a junior or middle manager. You’ll study various topics designed to increase your knowledge and skills and give you the essential experience required to manage a business. These subjects include, but are not limited to:

  • Organizational behaviour
  • Strategy
  • Budget management
  • Financial forecasting and analysis
  • Human resources management
  • Business economics
  • Market research
  • Accounting and bookkeeping
  • Business legislation
  • Business regulations 

All of these subjects will prepare you for a variety of management roles. In the corporate business world, it’s rare to find a senior or executive-level manager who doesn’t hold an MBA. This degree will prepare you for an outstanding corporate or small to medium-sized business management career. Even if you want to launch your startup or business, an MBA is the perfect qualification to enable you to do so. 

Prepare for a Career as a Business Consultant 

A business consultant is a specialized role that assesses and analyzes businesses and suggests ways and techniques to improve their processes, systems, policies and results. Prestigious multinational consulting firms often prefer hiring people with MBA qualifications, as this advanced degree will equip you with high-level business knowledge and skills. A variety of large to boutique business consulting companies offer a range of services to all types of organizations, from large conglomerates to non-profit organizations or even healthcare companies such as private hospitals or alcohol and drug rehab centres. 

If you want to freelance as a business consultant, having an MBA qualification can help you attract new business and will sway clients to trust you. After freelancing, you might even want to launch your own business consulting firm

Work as a Marketing Manager or Director

Another field that an expansive MBA degree will enable you to work in is marketing. A marketing manager or director leads a marketing team for a business. They plan and execute marketing strategies and campaigns to assist the business in driving revenue generation, lead generation and conversions. Becoming a marketing manager or director is often a natural pathway for marketing specialists. For instance, you might study an undergraduate marketing degree and then secure an MBA. This will allow you to build on your marketing skills by teaching you about marketing planning, leadership and budgeting, advanced market research and customer behaviour. Most MBA programs also have marketing subjects or electives to help you develop an advanced understanding of marketing. 

Human Resources Field

Human resources teams are responsible for the whole range of staff management, from hiring, firing, training, well-being and professional development. A human resources manager oversees a team focused on staff employment and all associated tasks. They might develop and implement policies and procedures to help companies recruit key talent, improve employee retention and ensure that staff are supported to perform their duties. A human resources manager might develop critical innovations and improvements in hiring processes, such as automation or AI improvements. 

They might also manage employee benefits and industrial instruments such as contracts, mediate disputes and oversee performance management plans. They can also ensure the business complies with the employment laws of the country, which vary from place to place. A human resources manager can also help businesses create and ensure safe, productive workspaces for all employees. Businesses often favour human resources managers with MBAs specializing in human resource subjects, as these expansive degrees teach students how to implement, review and monitor staffing strategies and other associated tasks.

Finance Management Field

A finance manager, director or specialist helps a business’ leadership team make intelligent and informed financial decisions. They analyze the business’s financial position, such as budget, expenditure and income, and can identify financial strengths, opportunities, risks and weaknesses. They can report their findings and recommendations to the corporation’s Chief Financial Officer and executive management teams. Finance managers typically have postgraduate qualifications such as an MBA. This expansive degree can help you become a successful finance manager or specialist by broadening your understanding of strategic financial management and exposing you to subjects like budget management, financial analysis and forecasting and other specialized financial subjects.

Engineering Director or Management Roles

For an engineer, such as a civil engineer, looking to advance to senior leadership roles, an MBA is a considerable asset for you and your professional development. In addition, it will prepare you for the additional responsibilities and stress that a position like Head of Engineering or engineering management roles entails. An MBA can be particularly valuable in fields like engineering as it can help graduates connect with fellow students and give a detailed education, preparing them for management roles. 

A Versatile MBA Summary

This helpful and informative article has shared all about the versatility of an MBA degree and five fields that value such an expansive qualification. You’ve learned what specialized management roles you can step into once you’ve gained your MBA and what sort of duties you’ll perform in these roles. 

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