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What are some really promising careers that relate to MBA including high salary?

All around the world, the requirement of MBAs has increased on a large scale and an MBA degree is viewed as the best choice after a bachelor’s degree, to give a boost to any career. Nowadays, to be on a promising position either you need a management degree or you must have years of work experience. The MBA opens numerous doors for many of the auspicious careers offering high salary. A few of them are:

SALES: An MBA in Marketing taught you the ways to understand customers mind set and how to talk to them. Decent sales skills can be used in any industry – from technology to household products. Several sales jobs are paid on commission basis (relates with one’s performance) or pay + commission. So, your best performance can yield big rewards in a short period.

FINANCE AND AUDIT: An MBA in Finance enables you to work for any industry – accounting firms, NGO’s, Govt. or one can work independently.

HEALTH ADMINISTRATION: To run a health care facility one needs to have skill in both medical and business fields. Earning a MBA degree in health administration enables you to work in hospitals, nursing care facilities, manage care facilities, and other related organizations. A MBA degree and on-the-job experience can help you move up in a short period.

HUMAN RESOURCES: A degree in HRM can prepare you for consulting work. The HRM professionals do everything, from employee training to handling labor affairs for the success and well-being of their clients.

INFORMATION TECHNOLOGY: It’s a rewarding and challenging profession having personal satisfaction and job flexibility. A MBA degree in ITM is a great way to prepare for entry level work that can lend further opportunities with practical experience.

The starting salary for an MBA depends on many factors such as:

  • Business School Ranking – the salary for a graduate from topmost Business school (like Harvard) will be higher than salaries of any lower ranking MBA institutions;
  • Area of Specialization – if your specialization is in area which is very new, initially you may not find high salaries. Traditional MBA degrees in Finance, HR, and Marketing etc. are still the main management fields.
  • Market factors – one can’t ignore market factors when it comes to salaries, as economic recession and economy itself play their vital role in determining average starting salary for an MBA.

To sum up, the starting salary for a MBA is generally decent, even if you graduate an accredited business school. You can be most successful if you advance your education in the areas of your interest and blending with hard work and diligence one can earn a lot and make a very good career.

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