Five Lucrative Career Options for MBA Grads

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By the early to mid-2000s, almost everyone was earning a degree in business. Even now, an MBA is considered one of the gold standards of education. Not only is it a solid master’s degree, it’s also one of the most versatile degrees you can earn.

As time has changed, millions of people have moved away from traditional and towards social science degrees to explore their areas of interest. It’s not bad; It’s amazing to see people break away from the norm and truly pursue their areas of interest.

However, this article is only about MBA graduates and what they can do with their degrees. With this in mind, let’s look at some of the lucrative career options open to MBA grads.

1. Management Consulting

If you are good at what you do, top consulting firms will always make room for you to join the team. Moreover, it is a great opportunity to make your next decision while earning a fair amount of money with the biggest companies in the world.

Companies like McKinsey, Bain, BCG and Deloitte are always looking General MBA Graduates who stand out. But remember, entering the consultancy world is not for the faint-hearted. Not only is it difficult to get into these companies, but you also have a lot of pressure with the job.

At the same time, you will meet your goals and deliver your projects on point and there will be no room for error. This is the true meaning of a fast-paced work environment. Granted, your social life may go down for a few months or even a year, but having these consulting firms under your belt will surely set you on an amazing career path.

2. Legal Entity

Law firms are known to have a lot of money flowing through the cases they deal with, and lawyers need people to manage the company while they handle legal issues. Of course, you need to have some legal knowledge (preferably a Bachelor in Law), but if you do a job like this, you can expect a flow of money.

So as a business manager, resource allocation will be part of your job description. Moreover, your expertise will be really valuable in such a firm.

Once you step into the business side of the legal industry, you likely won’t get out. Not to get stuck; It’s just that you’ll probably experience all the rewards you’re looking for and see a fair degree of career growth in a short period of time. In the worst case scenario where you find yourself stuck in the same position for years, that position will be extremely important and have a paycheck to match.

3. Executive search

It’s a niche that not many people have heard of, but the impact it has on the business community is priceless. Executive Search is a fancy name Headhunting. However, the sheer quality and scale of the work that executive search does is beyond imagination.

Most executive search firms only work with Fortune 500 companies, hiring their C-level management. So, if a large, publicly listed company needs a new CFO, you may be tasked with finding, interviewing and placing candidates.

Not only is it a very interesting industry, but it’s one where your network expands beyond your imagination. You will meet business moguls and tycoons every day. Furthermore, meeting targets and placing candidates usually bring substantial rewards, the least of which is money.

Imagine getting an account for one of these companies and being sole counsel on the case; That’s huge here Some of the top executive search/recruitment companies you can investigate.

4. Education

Remember, you now have a master’s degree; Another path has opened for you. With a few years of experience, you can seek a lectureship at a university.

This is one of the many careers you can pursue that pays respectably. Some people are not excited about the salary, but the advantage of being a teacher is that you get the rest of the days free to pursue other ventures. However, if you’re on a career path, becoming a full professor can be extremely rewarding.

Not only does it come with a fair degree, but it pays well and allows you to network very well.

Nowadays, everyone wants to know business professors and will easily choose you to join their firm as a consultant. Moreover, at your level, becoming a partner in consulting firms should not be that difficult. In short, you have a bunch of time on your hands, which gives you enough time to pursue other things while being a full-time teacher.

Conclusion

There we have it, some of the most lucrative industries you can explore if you have a master’s degree in business. Don’t despair if you can’t find anything right now. The world is on the brink of a recession, and we’re in a very volatile place right now.

As we get out of this uncertain time, good things will come soon. Just remember to keep your options open, take what you can get and figure out the rest later Once you set yourself on the right path, the money will flow naturally. We hope you find the dream career you are looking for.