Online MBA salaries and career opportunities
Graduating with an MBA opens the door to myriad career paths. With an MBA, graduates can select which route they will take based on their substantive interests and logistical requirements. For students who work full-time while pursuing a part-time MBA, the degree prepares them for management positions they have always wanted. In other cases, exposure to new subject matter during their MBA coursework compels students to pursue a different path that might be more rewarding.
Strategists - The career path in strategy is often the highest paying specialty of the MBA. Higher pay rates are available because those graduates who become strategists often take a macro-view of the company and its priorities moving forward. Such big-picture decisions about expansion, product offerings, and risk management methods have a direct impact on the company’s success or failure. For these reasons, strategists are well-compensated. The average annual salary for strategists who hold an MBA in Canada is $81,000.
Management Consultants - Management consultants help businesses improve their performance and grow by solving problems and finding new and better ways of doing things. It's not just in the private sector either – many firms work with public sector organizations to help develop their services and, where necessary, reduce costs and save.
Senior Product Manager - The main responsibility of a senior product manager is product strategy and planning. They require a strong ability to persuade others and often think about what kind of products can make a good profit.
Finance Manager - A finance manager organizes and manages an organization's or an individual’s financial portfolio. They also prepare financial reports, oversee investments, and help with cash management. This makes a financial manager a critical member of many organizations.
Chief Financial Officer (CFO) - A CFO is a senior executive responsible for managing the financial actions of a company. The CFO's duties would include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.
Senior Analyst - While younger analysts tend to do a lot of data gathering, financial modeling and spreadsheet maintenance, more senior analysts tend to spend more of their time developing investment theses, speaking with company management teams and other investors, and marketing ideas.
Project Manager - Project managers are held accountable for the success or failure of a project. More specifically, they identify the steps necessary to transform an idea into a product that adds value for those who use it.
Business Development Professional - Business development professionals identify opportunities to grow and work with potential clients to demonstrate how certain products can add value. In this position, professionals gain the ability to grow and manage a business, which will be invaluable when they are working on their own.
Whether a student decides to accelerate his/her voyage along his/her current path or opt to switch gears, an MBA will be a very valuable asset to the journey. A review of the data around CEOs and MBAs reveals that 32 of the World’s top 100 performing CEOs have an MBA. This data demonstrates the growth potential an MBA gives students, allowing them to move up the ladder at a quicker pace and thrive in their career.
For working adults pursuing an MBA can be a challenge since they have to juggle multiple responsibilities. An online MBA from Aston University is designed to work around you and your lifestyle and a dedicated student support advisor will help keep you on track with your studies. Click here to learn more.
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