Here are some of the highest paying jobs that you can apply for as an mba graduate. Most top mbas encourage students to take up a career path in nonprofit sector with monetary and infrastructure support, even to alumni who has changed course of their career from traditional sectors post mba to a nonprofit sector after a few years. While the discipline is famous for its important and meaningful contributions to society, it is not generally associated with impressive pay relative to the achievements and background of its work force. One program may call its concentration strategy, while another calls a similar program strategy and administration. The accounting and auditing field is experiencing solid growth. Featured online mba program the online mba with over 20 concentrations is offered by nonprofit, accredited, southern new hampshire university. Choosing the best mba concentrations many mba programs allow students to choose 1 or 2 specialty concentrations within their general degree program. Concentrations areas of specialization that can be considered business school majors represent pathways student can pursue as part of their fulltime mba degree. What are the most lucrative concentrations for an mba. According to the 20162017 payscale salary report on the highestpaying mba majors, the top concentrations for early career are strategy, general and strategic management and corporate finance. Mba concentrations anderson mba program the university. However, finance has one of the lower median salaries and job growth than the following mba concentrations. Last, but not least, an mba in business management is the cornerstone of many lucrative and fulfilling business careers.
Business specializations in demand by recruiters mba and other business masters. Mbas with a specialization in strategy earned the most ranked by midcareer salary among those holding a degree in business management, according to payscale. Oct 25, 2014 a new report from payscale shows that an m. Creating your own mba concentration, specialization, or track posted november 24, 2015 by giselle weybrecht author, advisor, and speaker sustainability and business in addition to choosing whether or not to pursue an mba, and which school to do it at, students also often have the option to choose from a range of mba concentrations, or.
So, to give themselves the upper hand, shrewd mba students often choose specializations that can prepare them for success in these indemand fields. Mba programs offer hundreds of concentration options for students to focus on a particular area of business. However, some mba concentrations are in more demand and have higher salaries than others. No one will give you a job simply because you have degree x or y. Ilana kowarski, a reporter at us news, recently identified which concentrations often lead to. I chose finance for mine because i was most interested in how i could turn less money into more money. Concentrations parttime mba students may take electives in any of the following areas to develop a concentration. The accounting field is fastgrowing, and holds many opportunities for those looking to enter or advance in the industry. Selecting an mba concentration school of management. Students will also learn financial law, accounting and derivatives. Jan 12, 2009 the degree master of business administration is not the same as master of science. The narrow focus of many concentrations can be a doubleedged sword.
But which specializations may lead to more competitive earnings. Mba concentration options different areas of study. The gate cambridge and the cambridge mba trust scholarships were the most lucrative with the fund covering tuition fee and living expenses. Highestpaying jobs for mba graduates mba crystal ball. What are the most popular mba concentrations and specializations. A masters in business administration mba has long been held as the most. Fulltime mba degree concentrations jones graduate school. Theres a lot of risk involved in that which i enjoy.
Students have the option of combining two concentrations and the completion of each. Masters in economics vs mba, which one is more lucrative in. Most elective courses are taught on a rotation basis and not available every semester. The second most popular concentrations was marketing at 2.
Here is a detailed look at six of the most popular mba specializations with examples of how a top business school teaches that particular specialization topic. Finance concentration the mba with finance concentration is a 36credit option that is delivered in a 100 percent online format and is available to all mba students regardless of location or track selection. Happy to answer any questions that people may have here. Creating your mba concentration best business schools. Oct, 2014 often when people talk about the value of the mba they fail to recognize that there are many different types of mba programs. A concentration in consulting can prepare mba students for a career in a management consultancy, or as an internal consultant in a firm. Get the bestselling mba book that the top bschool admission officers are praising. One way to do this is to develop a specialization in one of. Rotational ldp at f500 midatlantic region postsalary. The highly ranked, big brand schools tend to deliver the highest earnings over a 20year period. This allows students to gain all of the highlevel management skill they need in order to be successful at the executive level, all while pairing. Which mba concentration area is the most lucrative. Online mba in operations management programs prepare graduates to step into one of these lucrative jobs.
At some point in the curriculum, almost all business students read this 1936 seminal work about networking and persuasion. Jan 11, 20 one of the most lucrative mba programs to enter now is finance due to the increase in career opportunities that should unfold in the span of the next five to ten years. If you want a safer concentration, accounting is a lot of number crunching and making sur. One of the most lucrative mba programs to enter now is finance due to the increase in career opportunities that should unfold in the span of the next five to ten years. What different types of mba degree concentrations are available. Featured partner schools find mba programs near you. However, because of the popularity and size of the field, finding ways to differentiate yourself is essential. Jan 23, 2020 which one is more lucrative depends on what you do with either of them as well as the cost of them. If you need additional assistance with your academic plan, schedule an appointment with julia braun by visiting the graduate programs office in 203 alfiero center or calling 7166453204. They said if your official concentration is finance but youre apply for a marketing position, just leave out the finance part.
Us news analyzed statistics submitted for its 2020 best business schools rankings, which include 1 ranked mba programs. Dec 19, 2016 according to the 20162017 payscale salary report on the highestpaying mba majors, the top concentrations for early career are strategy, general and strategic management and corporate finance. At snhu, we have a tradition of excellence and a proven success rate. Below are the five most popular mba concentrations, for your consideration. Mba students may focus their elective options in a particular area to earn a concentration by meeting the requirements indicated below. Read on to learn more about top programs in the field, what to look for, where to find money for school, and where to find help upon graduation. Often when people talk about the value of the mba they fail to recognize that there are many different types of mba programs. Video watch the latest explainer videos, case study discussions, and whiteboard sessions, featuring ideas and practical advice for leaders. Students admitted for the fall 2014 semester and thereafter will follow program options as listed on the mba program information sheet. I could get a concentration in management and leadership and graduate next may 2 years total. While the discipline is famous for its important and meaningful contributions to society, it is not generally associated with impressive pay.
For many, an mba is seen as a ticket to better pay, bigger title, and a meaningful career. This difficulty is due to the various names different mba programs give their concentrations. Many online programs, like their campusbased counterparts, provide students with the option of choosing from among several specializations. Types of top mba specializations best mba concentrations. Ilana kowarski, a reporter at us news, recently identified which concentrations often lead to the most lucrative fields. Most business schools offer a panoply of concentrations, but some of the most common ones are.
Experts say an mba applicant who has a dream job in mind should look for a school that either has a relevant concentration or specialization or which offers many, highquality elective courses in. Lucrative and competitive, a concentration in corporate finance offers students. Mba concentrations no concentration many students do the regular mba with no concentration, meaning the three electives in the mba program can come from any businessrelated discipline, and mba students may take three electives from three different areas or two different areas if they so wish. Accounting continues to be a popular concentration with an accounting mba that can lead to lucrative jobs from cfo to company accountant. While twoyear fulltime programs such as tuck, harvard, stanford, wharton, etc. A finance concentration focuses on handling financial situations and managing financial institutions. Apart from helping you expand your career opportunities, it also prepares you for good paying jobs in todays competitive job market. The main reason to get an mba degree is to increase your salary potential and advance your career. Because graduates who hold an mba degree are eligible for jobs that would not be offered to those who hold only a college degree or high school diploma, an mba is almost a necessity in todays business world.
While many schools do offer a generalist program to students who dont wish to select a specialization, most of those same schools do offer a few, highly concentrated mba degree programs that earn them high praise from sources like forbes magazine, businessweek, u. Mbas with specialization in general and strategic management were second on the list of business majorsfields with the highestpaying jobs. An mba concentration is similar to an undergraduate major or minor, which allows students to choose a more specific field of study. Here are the 10 best online mba programs in operations management. Was tough to find much info on oneyear mba programs when i was applying. Most top mbas encourage students to take up a career path in nonprofit sector with monetary and infrastructure support, even to alumni who has changed course of their career from traditional sectors postmba to a nonprofit sector after a few years. In this concentration, early career pay which covers 15 years of experience. Most people dont even report which concentration they fall under and some schools only have general management mba degrees. The latest research shows that the following mba concentrations hold a great deal of promise. At snhu, we have a tradition of excellence and a proven success. Beyond strategy, real estate was kind to mbas at least early on. Enhance earnings with an mba specialization paying for. Because graduates who hold an mba degree are eligible for jobs that would not be offered to those who hold only a college degree or high school diploma, an mba is almost a. According to data from the national center for education statistics nces, 189,328 masters degrees in business were conferred during the 2014 academic year.
Types of mba specializations often align with particular industries, from finance to health care. Getting a master of business administration mba degree is one of the most solid investments you can ever make in life. Enrolling in an online mba program can give you great career benefits. The remaining 3 credit hours may be selected from the courses listed in the mba concentrations list. Students must take the requisite number of graduate 5000level and above credits listed below to fulfill each concentration. Investment banking, though highly lucrative, is considerably less popular than the other majors. Its not surprising that many of the most popular mba specializations also have the highest earning potential.
Apr 21, 2020 online mba in operations management programs prepare graduates to step into one of these lucrative jobs. The most lucrative field is the one in which you can excel and the one that interest you most, because you will be most successful in it. Best online mba in supply chain management programs. The degree master of business administration is not the same as master of science. If you choose one of these mba concentrations, you probably wont become another jack welch, but you still can have a very lucrative mba career. Use the mba handbook, talk with faculty, current students and recent alumni to better understand what courses will align with your career goals. Determining the best mba concentrations in terms of pay is a bit tricky. The mba is only as limited as a given university wishes it to be. Nov 24, 2015 creating your own mba concentration, specialization, or track posted november 24, 2015 by giselle weybrecht author, advisor, and speaker sustainability and business in addition to choosing whether or not to pursue an mba, and which school to do it at, students also often have the option to choose from a range of mba concentrations, or. The top 3 accounting specializations that are on the rise. This guide presents the mba program concentrations that pay the most, followed by some examples of salaries for specific roles at companies that heavily recruit. Most in demand mba concentrations a real online degree.
Theres an mba specialization to match most career goals. Although choosing a concentration isnt required for every mba degree, having a concentration can help you define the trajectory of your career. Deciding on the best mba concentration is a difficult task, so its best to find one that suits your career goals. The master of business administration, or mba, is the most popular educational pathway among graduate students in the united states. Here are some interesting numbers on mba majors and salaries that the survey revealed.
For the most part, the results are exactly what you would expect. The 2nd tier companies, which are also lucrative are deloitte, pwc strategy, lek, etc. Mar 22, 2018 experts say an mba applicant who has a dream job in mind should look for a school that either has a relevant concentration or specialization or which offers many, highquality elective courses in. Five top mba specializations and how much they pay. Online mba concentrations and specializations online mba programs offer the same training and instruction as traditional, campusbased programs through the use of distance learning technologies. One program may call its concentration strategy, while another calls a. And, what might be the best mba specializations or concentrations for your unique goals. Check out our list of the most indemand specialized mba programs and the. Masters in economics vs mba, which one is more lucrative.
Students have the option of combining two concentrations and the completion of each concentration will be certified on the students transcripts. Weve listed some accredited mba programs that offer different mba specializations worth considering. The field of finance should grow by as much as fifty percent by 2018 as more and more companies look to analyze their money management and dictate the proper channels for. Mba concentration in business analytics this concentration is designed to allow students the opportunity to develop. If a student wants to pursue more than one concentration, a maximum of one course may be counted towards two concentrations. The business field is quite broad and, while a large number of students do opt for a generalist mba program, there are actually many different types of mba concentrations that focus on a specific area of the business sector, according to degree tree. Which one is more lucrative depends on what you do with either of them as well as the cost of them. The mba is a general broad degree covering a wide variety of business issues and training students for careers in managing any area of business up to ceo.