5 Jobs with Fast Career Growth for Online MBA Graduates in Canada

5 Jobs with Fast Career Growth for Online MBA Graduates in Canada

Jobs with Fast Career Growth for Online MBA Graduates in Canada

The world of work is rapidly changing in response to the global pandemic, emerging industry trends and the prevalence of data and information technology in every sector. Business professionals who complete an online MBA in Canada acquire unique skills that position them to enter emerging roles with fast career growth.

Graduates from an online MBA program learn how to navigate a global economic environment, lead complex organizational systems and manage business operations and processes through unforeseen changes. The MBA experience equips students with hands-on abilities for a competitive advantage in 2020 and beyond. 

What Are the Top Career Paths with an Online MBA?

mba career paths

Explore the fastest-growing business jobs in Canada, the top industries, roles and responsibilities, required skills, expected salary and highest-paying locations for graduates who have completed an online MBA in Canada to jumpstart their career. 

Business Development Manager

Businesses are on a mission to constantly grow their client base, capabilities and revenue sustainably. A Business Development Manager is the expert that identifies growth opportunities by pursuing sales leads, pitching products and services and maintaining business relationships. 

Professionals with an online MBA are well-prepared to work as business development managers in Canada. Aston’s online MBA program offers courses such as “Crafting Organisational Strategy” and “Leading Complex Organisations” that prepare graduates for the necessary job responsibilities and give them a global advantage in the business world with a degree that crosses borders. 

What Is the Expected Career Growth for a Business Development Manager?

According to the top recruiting and human resource agency Randstad, a job as a business development manager ranked as the sixth most in-demand job in Canada in 2020. 

What Are the Job Responsibilities of a Business Development Manager?

Business development managers are experts in forming business relationships and expediting growth. The Randstad report also determined that a typical business development manager in Canada is responsible for:

  • Pursuing leads and attracting new business partnerships.
  • Building research-informed business strategies. 
  • Supporting internal teams and salespeople to close new deals.
  • Creating strong business relationships with effective communication.

What Skills Do You Need to Become a Business Development Manager?

Higher education, such as an online MBA, equips experienced professionals in developing hands-on hard skills and soft skills needed in business development. Payscale ranks the following skills as essential assets for aspiring business development managers:

  • Project management 
  • New business development 
  • Business strategy 
  • Strategic marketing 

What Is the Average Salary of a Business Development Manager in Canada?

Average base salary: CA$68,984 per year

Total compensation: CA$98,892 per year

The top-paying locations in Canada include: 

  1. Calgary, Alberta
  2. Edmonton, Alberta
  3. Ottawa, Ontario
  4. Mississauga, Ontario
  5. Toronto, Ontario
  6. Vancouver, British Columbia

Project Manager

How do large companies ensure the successful execution of projects and track resources, budgets, progress and communications? A project manager keeps a project running smoothly and deals with coordinating all aspects of the project, from preparing financial statements to relaying information to stakeholders. 

The Aston online MBA program includes courses such as, “Designing and Managing Operations, Systems and Processes” and “Measuring and Enhancing Financial Performance” that prepare professionals with the knowledge needed to exceed in a project manager role. 

What Is the Expected Career Growth for a Project Manager?

Businesses value organisation and efficiency. A project manager can help Canadian businesses mitigate risks, reduce costs and finish projects in a timely manner. These unique offerings have driven up the demand for project managers. According to the recruiting and human resource agency Randstad, project manager ranked as the eighth-most in-demand job in Canada in 2020. 

What Are the Job Responsibilities of a Project Manager?

Project managers are needed in a variety of sectors, ranging from IT to engineering to marketing. Successful project managers are detail-oriented and have excellent communication skills. According to Indeed, a typical project manager is in charge of: 

  • Managing scope of work and scheduling. 
  • Creating budgets and financial plans.
  • Communicating with stakeholders about internal processes.
  • Mitigating risk to the company and stakeholder.
  • Ensuring optimal project quality.

What Skills Do You Need to Become a Project Manager?

Project managers demonstrate soft skills like attention to detail, time management, organization and agility. They also benefit from hard skills gained from an online MBA program or similar degree. Payscale found the following skills to be the most profitable for project managers across various industries in Canada:

  • Contractor management
  • Engineering design
  • Strategic project management
  • Microsoft project
  • Project management

What is the Average Salary of a Project Manager?

Average base salary: CA$74,810 per year

Total compensation: CA$88,408 per year

The top-paying locations in Canada include: 

  1. Calgary, Alberta
  2. Edmonton, Alberta
  3. Toronto, Ontario
  4. Vancouver, British Columbia

HR Manager

Human resources managers are in charge of personnel and use their acute people skills to help with the recruitment, training, mentoring and coordinating employees at a company. HR managers are in high demand because they meet the needs of thousands of organizations spanning all industries, from data and technology to healthcare. Canada is no exception, and Canadian employers seek out applicants with an online MBA who understand business operations as much as they understand people. 

What Is the Expected Career Growth for an HR Manager?

As industries change, businesses will continue to require leaders who manage their employees effectively. According to the recruiting and human resource agency Randstad, the HR manager job ranked as #13 on Canada’s most in-demand jobs list for 2020. 

What Are the Job Responsibilities of an HR Manager?

HR managers are responsible for their organisation’s HR policies, recruiting talent and finding the right people to fill open roles. According to Neuvoo, the role and responsibilities of an HR manager include:

  • Overseeing recruitment processes.
  • Training new employees.
  • Managing employee records. 
  • Administering payroll and benefits.
  • Maintaining positive company culture.

What Skills Do You Need to Become an HR Manager?

According to Payscale, employers are looking for the following skills when hiring an HR manager:

  • Leadership
  • Performance management
  • Organizational development
  • Employee relations
  • Human resources (HR)

What Is the Average Salary of an HR Manager?

Average base salary: C$70,307 per year

Total compensation: CA$78,068 per year

The top-paying locations in Canada include: 

  1. Calgary, Alberta
  2. Vancouver, British Columbia
  3. Edmonton, Alberta
  4. Toronto, Ontario
  5. Mississauga, Ontario

Product Owner

A product owner is a new and fast-growing career path that deals with the end-to-end launch of a product or service. The product owner collaborates with internal team members and customers to execute “go-to-market” plans for a company. This role is fast-paced and prevalent in the data and technology space.

What Is the Expected Career Growth for a Product Owner?

LinkedIn’s 2020 Emerging Jobs Report examines jobs in Canada that are seeing tremendous growth. This report ranked Product Owner as #13 in Canada’s job market for unprecedented career growth and demand. The report found that the top industries to work as a product owner include:

  1. Computer software
  2. Information technology and services
  3. Banking and financial services
  4. Internet services

What Are the Job Responsibilities of a Product Owner?

A product owner is integral in a company’s product development cycle, and although the role varies depending on the industry or product, it usually includes the following responsibilities:

  • Develop a roadmap to launch products.
  • Collaborate with team and customers.
  • Outline deliverables, priorities, goals and risks.
  • Ensure that product management, marketing and sales are successful.

What Skills Do You Need to Become a Product Owner?

Agility is a core skill demonstrated by product owners, which is why they are sometimes referred to as “Agile Coach” or “Scrum Master.” Scrum is a term that refers to agile project management methods, this term is often used in the software industry. Payscale found the following skills are prioritized by employers when hiring a product owner:

  • Requirements Analysis
  • Agile Software Development
  • Product management
  • Scrum
  • Team leadership

What Is the Average Salary of a Product Owner?

Average base salary: CA$78,080 per year

Total compensation: CA$87,931 per year

The top-paying locations in Canada include: 

  1. Ottawa, Ontario
  2. Calgary, Alberta
  3. Toronto, Ontario
  4. Vancouver, British Columbia

Financial Manager

Many online MBA graduates go on to become financial managers after taking an online MBA program with a financial concentration. Choosing Aston University’s online MBA in Canada allows you to choose a finance pathway that teaches economics, enhancing financial performance and portfolio management. 

What Is the Expected Career Growth for a Financial Manager?

The Canadian Business list “Canada’s Best Jobs 2019: The Top 25 Jobs in Canada” ranked Financial Manager at #20. The Government of Canada rates the job outlook as positive and found that in recent years there were more job openings as financial managers than workers available to fill them.

What Are the Job Responsibilities of a Financial Manager?

A financial manager is a financial leader with the knowledge and skills to manage financial resources. Companies depend on financial managers to handle the following roles

  • Prepare financial reports and forecasts.
  • Analyse revenue, expenses, cash flows and balance sheets.
  • Make informed financial decisions.
  • Investigate financial risk and profitability.

What Skills Do You Need to Become a Financial Manager?

Graduates from an online MBA program learn essential financial skills needed to succeed as a financial manager. Employers look for the following hard skills when hiring a financial manager: 

  • Financial Modeling
  • Forecasting
  • Financial Analysis
  • Microsoft Excel
  • Budgeting

What Is the Average Salary of a Financial Manager?

Average salary: CA$78,578 per year

Total compensation: CA$147,114 per year

The top-paying locations in Canada include:

  1. Mississauga, Ontario
  2. Toronto, Ontario
  3. Vancouver, British Columbia
  4. Edmonton, Alberta
  5. Calgary, Alberta

Does an MBA Increase Your Salary?

aston MBA graduates

Yes, an online MBA helps Canadians increase their salary and earn well above the average annual income nationwide. According to Jobillico, the average Canadian earns approximately $CA52,600 per year. In comparison, Payscale reports that MBA graduates in Canada earn CA$82,883 per year on average. This is approximately CA$30,283 more per year and a 57.57% increase. 

What Are the Effects of the Pandemic on MBA Graduates?

The global pandemic has transformed the way the world conducts business. Canadians are not immune to these changes, and business students completing their online MBA must prepare for a different job market, economy and work responsibilities.

According to the consulting firm McKinsey & Company, COVID-19 is teaching business leaders how to quickly adopt new technologies, anticipate crises and ensure business operations are resilient through unexpected change. The firm states, “the crisis will reveal not just vulnerabilities but opportunities to improve the performance of businesses.”

An online MBA teaches business leaders how to navigate the “new normal” and prepare for a workplace after the pandemic. The law firm Sidley determined that professionals must “prepare for a new reality” by learning how to:

  • Reserve and protect cash flow.
  • Test workforce contingency plans.
  • Diversify supply chains.
  • Protect companies against exchange rate risks.
  • Ensure the company can withstand rapid stock changes.

Aston University’s online MBA in Canada teaches students these skills and more in a highly applied business program with options for concentrations. The program is founded in international business strategies that explore global markets, an essential perspective in today’s connected world. 

Aston's Online MBA Program

Aston University offers an online MBA in Canada designed for professionals in Canada with several years of managerial experience who want to boost their careers and increase their competitive advantage in the Canadian job market. 

Why would Canadian professionals earn an online MBA from a reputable UK university? Aston University is ranked 11th in the world’s top 100 universities for 2019 by QS, the global university rankings authority for careers and education. 

Aston’s Business School is among the elite 1 percent of business schools worldwide with triple accreditation from AACSB, EQUIS and AMBA. 

Aston’s online MBA programme is focused on giving students a global advantage in the business world. The curriculum is designed with an international focus and allows graduates to benefit from the following:

  • Add to your resume a world-class UK university that has strong links to industry, government and commerce.
  • Pay significantly lower tuition than many Canadian universities’ MBA programs.
  • Gain unprecedented access to business schools, latest business updates, and MBA employers throughout the world.
  • Leverage global networking opportunities with corporate partners and open up your career possibilities as well as global business knowledge.
  • No undergraduate degree is required with seven years of proven business experience.
  • Become eligible for a free membership to AMBA, a leading accreditation body, to gain access to a global network and career advice

Start your path toward today’s best business jobs. Explore the Aston University Master of Business Administration program here.