If you’re looking for a six-figure income and a rewarding business career, an MBA is virtually a necessity. For many in the work force, the demands of their job and family make pursuing a traditional, in-class MBA very difficult, if not impossible. For these individuals, and others who want the flexibility and lack of geographic limitation for their education, an online MBA is a smart choice.
Percentage of students enrolled in online programs in Massachusetts
MBA students who want to run their own companies might consider an entrepreneurship specialization. This concentration focuses on starting and running a business, financing such ventures, and develop effective business plans. It is also a useful concentration for those who plan to consult for startups and similar opportunities.
Healthcare management and administration is among the fastest growing fields, and an aging population means that growth is likely to continue far into the future. This concentration offers the specialized skill sets necessary for management of such facilities and operations, which offers a wide variety of settings in which to work.
High Technology Management
Technology’s role in the corporate world continues to grow, and those with an MBA concentration in high technology management can reap the benefits. It is also one of the more lucrative MBA fields, with candidates not only earning top dollar but finding their expertise in demand worldwide.
This concentration prepares the MBA student for today’s globalized business world. In addition to general management studies, students enrolling in this concentration will learn the skills needed for a successful career in an international environment.
Think of this concentration as the “green MBA.” The future belongs to companies that are environmentally sustainable and can turn a profit. Such a concentration is also useful for a person who may deal with government environmental regulations for their company.
Top MBA Careers in Massachusetts
The person in this role is responsible for increasing a company’s revenue through the identification and development of new business opportunities. The business development director is in charge of the company’s long-term goals and objectives, and also uses the latest technology to keep the company competitive.
The person in this position serves as a company’s chief accounting officer and reports to the organization’s CFO. In non-profit organizations or in government, this position is known as comptroller. The controller oversees budgets, payroll, financial data and tax preparation. If a company is publicly traded, the controller is responsible for filing public financial documents.
A financial advisor offers planning for all aspects of their clients’ lives, including retirement, investments, and life insurance. The advisor bases their recommendations on the client’s lifestyle and risk tolerance. Financial planning includes tax and estate considerations.
This person handles a company’s services or product worldwide. This includes developing company brands and conducting market research according to the local cultures. In some instances, the person in this role expands a company’s presence from national to international.
As a product manager, this person researches the needs of consumers or businesses and develops appropriate products. A product manager serves as the guiding force behind a product from the initial idea to its launch. The abilities to strategize and communicate are paramount. A project’s success or failure often falls on the shoulders of the project manager. Responsibilities include project development and execution, team management and keeping the project within budget.