Studying for an MBA is a popular choice among those looking to improve their career prospects and excel in the world of business. Some MBAs, such as the University of Miami's UOnline MBA program, are customizable to suit each student's professional needs and aspirations. Earning this qualification can open up new career opportunities for graduates. Here are just some of the fields on which MBA graduates with passion, confidence and a desire for success are making their mark.
Finance
A high-paying senior role in the finance industry is desirable to many graduates —it is the fastest-growing sector in the U.S. According to the MBA Jobs & Salary Trends Report 2015/16by topmba.com, 18.1% of MBA graduates enter financial services. These graduates become Finance Directors, Chief Financial Officers, Finance Controllers and Senior Financial Analysts. The average salaries for professionals in these positions range from $46,147 to $226,990according to national statistics.
When studying an online MBA with the University of Miami, students have the option to choose from an MBA with a Corporate Finance Focusor an MBA with a Financial Decision Making Focus. The corporate focus suits students interested in areas such as treasury management, capital budgeting or investor relations. The decision-making focus enables graduates to use decision-making theory to guide investors, money managers, and corporate managers. Students can tailor these online degrees to accommodate their busy working lives. They offer flexible start-dates, participation requirements and assignment deadlines.
Marketing
An undergraduate degree in marketing, communications, business or a similar field equips graduates to launch a marketing career. With the right amount of creativity, ambition and leadership skills, they can be overseeing successful campaigns and climbing the career ladder. A top-level position in this field earns an average salary of $127,130. For those aspiring to this level of seniority, an MBA will provide greater insight into the business implications of marketing decisions —giving them a commercial edge over other applicants.
For professionals already on the marketing career ladder, topping up your qualifications with distance learning could be the answer. The online MBA with the University of Miami includes cross-functional subject areas including marketing. Students can adapt their program to fit around their lives and make a real difference to their profession.
Accounting
Accountants are primarily responsible for maintaining an organization's fiscal stability by acting as the guardian of financial records and ensuring taxes are paid on time. Most accounting roles ask that candidates are Certified Public Accountants (CPAs). While an MBA isn't required to become a CPA, those with the qualification are better equipped to rise through the accounting ranks. An MBA will help students develop the communication skills, leadership ability and analytical expertise needed to reach senior positions such as Accounting Manager, Controller and Chief Financial Officer.
When studying an online MBA with the University of Miami, students have the option to choose an MBA with an Accounting Practice Focus. This is intended for candidates with no prior accounting credits to provide them with the critical knowledge of financial and managerial accounting practices, taxation and accounting information systems. Students can build a solid foundation in accounting on top of the well-rounded business education they gain through their MBA.
Human Resources
An MBA can also help graduates push their careers forward in the field of Human Resources. A bachelor's degree qualifies you for entry-level positions in this area. An MBA, meanwhile, has the power to boost your prospects and elevate you up the career ladder to that senior HR role.
Successful professionals in the field of Human Resources understand that a company's employees are its greatest asset. They will be proficient at leveraging talent in a way that can have a significant impact on the business as a whole. With cross-functional subject areas like management and organizational behavior, MBA students can find that lessons learned on their online program can have real-world applications in the world of HR.
Healthcare
The medical sector is another industry that will see impressive growth over the next decade. This is due to medical developments lengthening life expectancy and demands on healthcare services increasing as the population ages. Medical and health services managers are responsible for keeping hospitals, nursing homes and other care facilities running cost-efficiently. They also ensure funding is allocated in a way that is most beneficial to patients and the quality of care the facility can provide.
Studying an MBA to follow this career path is a popular option for those with a background in healthcare – a nurse or care worker – who want to steer their career into management. The online Professional MBA at the University of Miami provides the cross-functional skills you need to become a business leader and you can tailor it to put more or less of a focus on particular areas. Degrees like this are a popular choice for professionals with industry-specific experience who aspire to take their career to the next level.
The University of Miami’s AACSB accredited online MBA program provides the skills needed to advance your career, increase your earning, develop your business skills and grow your network. To find out more, call the advisors toll free on 888.995.2272 or visit the site for more information.
