8 ideal jobs for mba grads
TRANSCRIPT
8 ideal jobs for MBA Grads
1. Database administrator:
A database administrator with an M.B.A. has a greater understanding of how her role
in building and maintaining databases serves the company at large. Having a master's
can also help those who would like to work as an IT consultant. The University of
Arizona's Eller College of Management and the aforementioned Robert H. Smith
School of Business have good programs for continuing an IT education.
On the importance of internships: "As is true for most sectors recruiting M.B.A.'s,
having a summer internship in a product-facing role is important in the technology
sector," Wilbur says. Stoltzfus says that elite companies are looking for the cream of the
summer-intern crop come November and early December
2. Web developer:
Many companies require well designed and maintained websites that help and not hurt
a user's experience, so they're selective of whom to hire. You're a better professional
asset if you've also completed postgraduate study.
On negotiating salary: Don't jump the gun and discuss salary too early in the interview
process. McNamara says Vanderbilt urges students to "be graciously firm in waiting as
long as they can before mentioning a specific number. Instead, say, 'I look for a
competitive top M.B.A. salary,' since that's code for a pretty tight range."
3. Computer systems analyst:
Multifaceted computer systems analysts understand the technical side of their trade--
implementing the best hardware, software, and networks for clients--and exercise a
sensibility for dealing with people and preparing cost benefit analyses. A business school
education is the prime place to hone these types of skills. Massachusetts Institute of
Technology's Sloan School of Management is a top school for those with an information
systems focus, as is Carnegie Mellon University's Tepper School of Business.
On standing out from the competition: "In one of my recent conversations with IBM,
they mentioned how they were looking for people who can do the technical aspects of
the job, but really focus on the business analysis side," Stoltzfus says.
Jackie Wilbur, executive director of master's programs at MIT's Sloan school says that
grads "can distinguish themselves by gaining a deep understanding of the company and
its products, and then demonstrating a passion for both." She also advises graduates to
display a love for innovation, since technological advances happen so rapidly.
4. Accountant:
April is when accountants rise to the forefront of Americans' consciousness, but their
importance is indelible to the organizations' operations year-round. Those who choose
to receive certification as a public accountant and to pursue a master's degree of
business administration could boost their salary into the six-figure range.
Excellent business schools for accounting include McCombs School of Business at the
University of Texas--Austin and the College of Business at University of Illinois--
Urbana-Champaign.
On how to handle a longer-than-expected job hunt: The best schools aim to have their
students employed within 90 days of graduation. But they also offer support if you find
yourself still searching come Day 91. According to McNamara, Vanderbilt's career
management center has someone devoted to providing continued career consulting for
alumni. "The advice we give them is that now that they're not involved in studies they
should make as many personal visits to their target companies as they possibly can," he
says.
5. Financial adviser:
A master's could prove effective for a financial adviser hoping to secure more clients
and build trust. If you were to employ someone to coach you on how to best save and
spend your money, wouldn't you want one of the most learned in the field? In addition
to considering Wharton and Booth, prospective M.B.A.'s should look into the University
of California--Berkeley's Haas School of Business.
On developing new skills: Several business school representatives agree that grad
programs enhance basic skills, but more importantly, ripen interpersonal talents. "We
spend a lot of time on soft skills," Stoltzfus says. "We have mock interviews to practice
those skills; we have comedy improv training to help students improve their poise and
think on their feet; we have story-telling workshops so students can find the ability to
tell stories in a way that engages a listener."
6. HR specialist:
There's a considerable hiring demand for skilled human resources workers. And a
master's degree helps to distinguish the best HR professionals, particularly those
interested in working in training. They directly affect an employee's productivity, and
therefore, an organization's overall success. Stanford University's Graduate School of
Business and Northwestern University's Kellogg Graduate School of Management host
two of the top M.B.A. programs for HR management.
On picking target companies: Vanderbilt also has a respected Human and
Organizational Performance (HOP) program. McNamara says HOP students are some
of the first M.B.A.'s to receive employment offers, and usually end up with companies
where HR isn't just an operational necessity. "Nine times out of 10 these students go to
companies that have documented evidence of treating HR as a business partner,"
McNamara says, mentioning Procter & Gamble and Amgen as examples.
7. Financial analyst:
Financial analysts usually become knowledgeable of economic trends and then use their
expertise to advise on investments. And like many of our other Best Jobs, the most
successful financial analysts are perpetual students.
Earning an M.B.A. with a finance focus would serve a budding analyst well,
particularly those who'd like to ascend to the position of portfolio manager. Chicago's
Booth school and Pennsylvania's Wharton also have great programs for those who want
an M.B.A. with a finance focus, as does New York University's Stern School of Business
and Columbia University's business school.
On formatting your resume: A career-focused student knows to continually update
their resume. But once it becomes time to network post-graduation, Jeffrey Stoltzfus, an
associate director of employer relations for the University of Maryland's Robert H.
Smith School of Business, suggests spending extra time tweaking. "Not everyone
understands the importance of presentation," he says. "I counsel my students to make
each bullet point like the headline in a news story, so that the key things will stick out
and catch a recruiter's attention."
8. Management analyst:
Management analysts are consultants who assess an organization to provide feedback
on how it could improve its structure, run more efficiently, and raise profits. And many
employers, particularly those working in the private sector, prefer to work with analysts
who've secured an M.B.A. Schools that offer a management-consulting track include
the Wharton School of the University of Pennsylvania, and the Booth School of Business
at the University of Chicago.
On working for yourself: The Labor Department reports that 26 percent of
management analysts are self employed. Read McNamara, executive director of the
career management center at Vanderbilt University's Owen School of Management,
says starting your own business can be worthwhile. "Many M.B.A. students have
suspended their careers and indebted themselves [with student loans]. Still they
consider their degree an investment that will sooner of later pay off."