See the opportunities that an MBA degree could offer.
It's Time to Earn Your MBA. Find the Right Business School Now.
Think an MBA might benefit you? Join us as we explore seven MBA specializations that could help you climb the corporate ladder. In addition to required core courses, most business schools allow you to concentrate on one of these key disciplines:
- Business Administration
- Health Care Administration
- Human Resources (HR)
- Technology Accounting
Keep reading to see if one of these MBA specializations is right for you.
1 - Business Administration
Potential career paths: Mastering business administration can help you develop a broad-based background that could help prepare you to move into any number of avenues in today's multi-faceted business world. An administrative services manager, as one example, has an average income of $81,530, according to the U.S. Department of Labor. Another position that many MBA students hope to rise into eventually is general manager, a position with an average yearly compensation of $110,550.
2 - Health Care Administration
Potential career paths: Whether you're interested in overseeing pharmaceutical manufacturing at a large plant overseas, working as a fundraising manager at a major hospital, or helping lead a team of sales professionals in the medical device industry, there is no shortage of exciting management options to pursue. Hospital health services managers have an average yearly compensation of $96,660, according to the Department of Labor.
3 - Management
Potential career paths: An MBA with a focus on management could be a great calling card to employers who are looking for employees who have what it takes to grow into senior roles. One route to success would be to start as a project manager and work your way up the ladder. Positions like distribution manager and purchasing manager have average yearly incomes of $85,470 and $96,910 respectively, according to the Department of Labor.
4 - Human Resources (HR)
Potential career paths: An advanced degree like this one is increasingly important and "highly recommended" when trying to land senior HR positions, according to the Department of Labor. Some students move into a related career track as a contract negotiator or mediator, while others gravitate to a more traditional HR track. HR managers have an average annual wage of $105,510, according to the Department of Labor.
5 - Marketing/Communications
Potential career paths: Specializing in marketing/communications while getting your MBA could be great prep for a career in public relations, marketing, sales, or advertising. Management roles in these areas require smart, business-savvy professionals with strong communication skills. According to the Department of Labor, PR managers have an average income of $101,850 while marketing managers average at $120,070.
6 - Technology
Potential career paths: While many students move into technology product management, you could also be prepared to work in related areas like mergers and acquisitions for IT firms. The computer software industry is another exciting career possibility for those with a technology-focused MBA. According to the Department of Labor, the average compensation for software publisher managers is $136,580.
7 - Accounting
Potential career paths: An in-depth understanding of accounting theory and practice is great preparation to work as a CPA or manager in the financial services industry. According to QS World MBA Tour, the finance sector hired 22 percent more MBA grads in 2010 and expects to increase hiring by 11 percent in 2011. Financial managers have an average yearly compensation of $113,730, according to theDepartment of Labor.