Traditional MBA programs are always going to be some of the most sought-after and well-respected qualifications in the business world. However, if you have a specific career goal in mind, there are several MBA concentration choices for you to consider to help you get on track even faster. These MBA programs are designed to help you specialize and focus your studies on the area that’s most relevant to your chosen future career path, and can often be an opportunity to pursue more specific career interests once you graduate.
Today, there are more options available than ever before when it comes to choosing a specific type of MBA degree program and many of these concentrations are available to study both online and on-campus, making them even more accessible than ever. Here are some popular MBA concentrations right now that many students are choosing over the traditional MBA program to help them further their careers.
With an average annual salary of almost $100k and a high demand around the world, the traditional master’s in business administration (MBA) is still a very popular postgraduate degree program choice for business professionals. Although it does not offer a specific specialization like many of the concentration options, it is a flexible choice for students who might not be sure exactly what they’d like to study, giving you the option to choose elective modules and different areas of focus along the way. If you’re not sure whether you should go with a general MBA or a certain concentration, click here to learn more about MBA concentration options or check out some popular options below.
The IT industry is certainly one of the most lucrative to work in right now, with IT jobs seemingly growing by the minute. Almost every industry in the world is now affected in some way or another by IT and tech, so if you’re looking to get into a career that’s highly stable with a lot of demand, an MBA in IT could be an ideal choice for you. With a generous salary of just over $140 annually and a huge job growth rate, it’s certainly a promising career choice.
With a generous average annual salary of $130k, digital marketing is another steadily growing industry that is becoming increasingly more relevant in the world, with professionals in high demand wherever you go. Earning an MBA in digital marketing might be a great choice for you if you want to work in a career where you can focus on all aspects of online marketing such as social media, influencer marketing, SEO, SEM, online customer engagement, content marketing, and more.
With more and more businesses going global, professionals who are highly knowledgeable and skilled in this area are enjoying a higher demand than ever before. Currently, we’re seeing a job growth rate of 8% in the international business industry, and getting your MBA in International Business could land you an appealing starting salary of over $100k per year – a number that’s only set to rise in the future as more businesses expand their services and products overseas and the demand for international business professionals continues to grow. If you like the idea of working in various locations around the world and are happy to travel for your job, this could be an excellent choice for you.
Finance has always been quite a safe career option, and nothing has changed. This industry is still experiencing a lot of job growth, careers in finance tend to be quite secure and you could be earning an attractive average salary of almost $130k annually. If you enjoy working with numbers and are intrigued by business finances, an MBA in finance could be the perfect choice of post-graduate program for you. This concentration is often a top choice for current financial professionals such as accountants or financial advisors who’d like to improve their skills even further and climb higher up the career ladder.
Data is having an increasingly important effect on the world around us, so it’s no surprise that the business intelligence industry is growing rapidly. Many MBA students like the idea of working in a career where they can use real-world data to make the best decisions for a business and use facts derived from statistics to help propel an organization to success. The demand for professionals who are skilled in gathering, analyzing, and interpreting data has never been so high, and you can expect to earn a generous starting salary of almost $85k if you decide that this is the right career for you.
Marketing has always been an important business industry, even though it has changed a lot throughout the years, and is probably set to change even more in the future. With a huge job growth rate of 20%, MBA graduates who specialize in marketing are experiencing a huge boom in demand and can enjoy an average salary of around $60k, although this can vary a lot depending on the company and industry where they work. Today, with business competition higher than ever before, marketing has become increasingly more competitive and businesses are actively seeking skilled, creative people who can help their brand make the biggest impact.
Management and Leadership
No matter the industry or company, good managers and leaders are always in high demand in the business world. Senior-level managers are there to oversee, delegate, and make sure that everything runs smoothly. Perhaps you already have some experience as a supervisor or department manager and would like to boost your career and move up the ranks into higher management. In this case, an MBA in management and leadership could be the right qualification for you, especially with an increasing demand for MBA-trained managers around the world right now.
Human resources professionals are needed in virtually every business and industry across the globe. If you’re happy to work in any industry or want the flexibility to work for a wide range of different brands and enjoy working closely with people, an MBA in Human Resources could be the right concentration option for you. HR is a great choice for anybody who is looking for a stable career where there’s a lot of job security and high demand. And the average earnings are also quite attractive at just over $110k.
If business and the environment are both passions of yours, you’ll be excited to hear that there’s now an MBA concentration that allows you to combine the two. The MBA in environmental management is an ideal way to combine your interests in business and the environment. And, graduates with this qualification are enjoying increasing demand as businesses globally begin to come to terms with the impact that they have on the environment and set out to make positive changes to the way that they do business.
Starting your own business has become easier than ever thanks to the internet, and as a result, more and more people are deciding to take the route of entrepreneurship. If your ultimate career goal is to become your own boss and run your own successful company, you might want to consider getting an MBA in Entrepreneurship. This program is designed to not only provide you with a solid foundation in the pillars of business but with materials that are tailored towards those who want to start a company rather than work for one.
Logistics and Supply Chain
Supply Chain Management MBA graduates are enjoying increasing demand around the world. This MBA concentration is designed to provide students with a strong foundation of core business principles with a heavy focus on the supply chain side of things. There are various options available when it comes to specialization whether you are interested in warehouse management, logistics, quality control, purchasing, manufacturing, or marketing. Graduates can expect to earn an average of around $75k annually.
If you like the idea of doing some detective work in your career and enjoy solving problems, you may want to consider an MBA in forensic accounting. This career involves investigating financial crimes including online fraud and tax fraud. Along with employment opportunities with private companies and the option to start your own business offering this service, this MBA degree can also lead to career options with the government or law enforcement and offers an average annual salary of $90k.
Retail and Sales Management
Although this might be one of the slower-growing career choices for MBA graduates, it is a popular choice among people who already work in this industry and want to move up the career ladder. Those who are already working in the retail industry as a manager, for example, can use this qualification to work their way up to area or regional management with an average annual salary of just under $70k.
Whether you’ve not long graduated from business school and want to get even more qualified or are looking for a change when it comes to your career, an MBA can help you achieve your goals. And with so many different concentrations to choose from, finding a program that’s tailored to your career path is easier than ever.