A Master of Business Administration (MBA) from Jacksonville University’s Davis College of Business can help you advance toward your career goals. But before you can advance toward your goals, it’s important to evaluate them before deciding which program is right for you.
Many MBA programs include concentrations that can match your vision. If you see yourself advancing in your organization to the management level, or want to hone your managerial expertise, then an MBA with a concentration in Management could be the path to meeting your goals. This program focuses on providing students with the skills to succeed in management and supervisory positions across all industries such as nonprofits, government agencies and private firms.
When choosing an MBA in management program, choose one from a school with regional accreditation and with a strong academic background.
Types of jobs a graduate with an MBA in management, along with the proper career experience, could expect are:
- Financial Manager
- Medical and Health Services Manager
- Advertising, Promotions and Marketing Manager
- Sales Manager
- Computer and Information Systems Manager
- Management Analyst
- Human Resources Manager
A financial manager’s main responsibility is to run the financial activities of an organization. These can include investments, cash flow, budgeting and other financial processes. Financial managers might also deal with mergers and acquisitions, and raise capital. They work in varying industries, such as insurance and finance. Some have a bachelor’s degree, but the best job opportunities will more than likely be available to those with a master’s degree.
Jobs are expected to grow by 7% from 2014-2024, according to the Bureau of Labor Statistics. As of May 2016, financial managers could earn an annual average wage of $121,750. Types of financial managers include: risk managers, controllers, treasurers and chief financial officers.
Medical and Health Services Manager
The BLS indicates jobs in this field could grow by 17% from 2014-2024, which is much higher than average. Medical and health services managers oversee planning and executing health services at an entire facility, or a department within the facility. They create budgets and make sure they’re adhered to in a way that ensures efficient operations. They also collaborate with healthcare organization staff members, such as physicians, technicians and office staff.
To enter this field, some healthcare experience is required, and a master’s degree is preferred. On average, medical and health services managers made around $96,540 as of May 2016. Careers in this field include: clinical managers, health information managers, healthcare administrators and healthcare executives.
Advertising, Promotions and Marketing Manager
In this role, the manager works to create a strategy that effectively communicates the mission of the company to the consumer or other businesses. They oversee the planning of advertising and promotional campaigns like contests and giveaways, and determine the best strategy for effective advertising. Additionally, they might manage an organization’s website and digital operations. By 2024, this field should expand by 9% and in May 2016, marketing managers were earning an average salary of $131,180 while advertising and promotions managers were pulling in $100,810.
A bachelor’s degree typically is required for this field, but an MBA can provide valuable learning and experience to help anyone succeed and stand out from other job applicants. Previous experience as a sales representative, public relations specialist, or a buyer may be beneficial as well.
Sales managers are responsible for the organization’s sales team, and work to attain sales goals that they set by analyzing performance data. They might assign sales territories and develop training programs, while also recruiting and hiring sales staff. Their position requires a high level of collaboration, as they work with managers from other departments to obtain a clear picture of how the organization is operating.
Sales managers may work as business to business (B2B) sales managers, or business to consumer (B2C) sales managers. Job growth over the next few years is expected to be 5%, or about average across all fields. An average salary in 2016 was $117,960. Sales experience is important for those who want to advance to this position, and those with more work experience might not need an advanced degree; however, an MBA will help the advancement process.
Computer and Information Systems Manager
A much faster than average job growth rate of 15% is expected in this field by 2024. As organizations expand their digital needs, they will look to hire more professionals with IT experience. The main goals of a computer and information systems manager, or information technology manager, are to organize and strategize a firm’s IT plan by keeping up-to-date on current IT practices and future ways to implement cybersecurity approaches.
As of May 2016, managers in this field earned on average of $135,800 annually. Success in this field requires IT experience and a bachelor’s degree. To obtain the best positions, an MBA is suggested.
A management analyst, or consultant, is typically brought in by businesses looking to improve efficiency. Their main task is to figure out how an organization can increase profits and reduce costs. They tend to specialize in different areas like corporate restructuring, or inventory management. Ability to analyze data and knowledge of streamlining processes like Six Sigma are important skills in this position.
Most travel on a frequent basis and work contract-to-contract. Employment in this field is expected to grow by 14% in 2024, and on average, a management analyst earned $81,330 in 2016. To begin as a management analyst, a bachelor’s degree is required, but many employers want to hire candidates with an MBA. Additionally, many go on to be certified management consultants.
Human Resources Manager
On average in 2016, human resource managers earned an annual salary of $106,910. Their main job duties include managing the administrative functions of a firm, recruiting and hiring new staff members and working with executives on planning corporate structure and benefits. They also handle staffing issues and help department managers handle harassment accusations and equal opportunity employment regulations.
This area is projected to grow by 9% by 2024, which is higher than average. To become an HR manager, experience and education requirements must be met. Most have a bachelor’s degree, but the higher-level jobs usually require an MBA.