As the job market grows increasingly competitive, earning a Master of Business degree is becoming more of a necessity than a possibility. This elevated degree opens up windows of opportunity for those interested in pursuing a career in the business world.
Financial advisors interact with clients and businesses to educate them on their financial situation and possibilities. They oversee and provide suggestions referring to investment opportunities and risks. They work with individuals to help plan for retirement funds, educational expenses, and any dramatic monetary exchanges. Some financial advisors are in charge of selling life and business insurance while others are heavily involved in taxes. Some work for private individuals who have a large amount of money to invest. They control what is being spent where and oversee all the monetary rewards or losses. A financial advisor’s line of work is dependent on the firm they represent and its specialties. The average salary for this career is $65,000 per year and it is expected to grow by a whopping 32% over the next five years.
Management analysts are the overseers of major jobs or projects. They are in charge of hiring the most efficient people for the individual jobs and must be able to solve any presented problems. Depending on their specialty, they may control the finances for an entire project and have the power to buy or sell when necessary. They are fully involved in up-to-date technologies and ideas to insure that their projects run smoothly and are modern and efficient. They are proficient at communicating their ideas and opinions to the managerial squad, so everyone is on the same page regarding the progress of the project. Many analysts are hired for a single job rather than work for the same company full time. Their duties may be required for medical, governmental, or personal use. The average annual salary is $78,000 and the career is expected to grow by 22% over the next five years.
Financial managers are in charge of the entire monetary value and repercussions of a business. They observe past financial statements and pay close attention to trends in stocks and investments to make beneficial predictions. They do their utmost to reduce costs and maximize profits. It is a financial manager’s duty to insure that all legal requirements are being met and that the correct financial information is being given to the government and public. Financial managers tend to have a team of finance experts working under them. They will oversee all their projects and double-check that their information and calculations are correct. Their average salary is $104,000 per year and the career is expected to grow at a rate of 10%.
Marketing managers observe a company’s and the world’s marketing trends. They do so to predict who and where their company needs to target for new goods or services. Marketing managers work alongside the advertising community to get their messages out to the right people. They direct the traffic of messages and ideas through various platforms. These platforms include the Internet, television, and print, all of which are crucial when attempting to contact a group of people with similar traits or ideas. The manager will head a team of marketing specialists that do research to find the necessary trends. That information will then be passed to the manager and he or she will interact with the advertising or public relations departments to maximize their success. The average salary of a marketing manager is $108,000 and the field is expected to grow by 14% over the next five years.
Having an MBA opens the door to a whole new level of careers. Most of those include a higher starting salary and room for growth. In the business world, having an MBA is likely to put you ahead of the competition.