Whether you’re considering pursuing an MBA through an online master’s degree program or you’re already studying for your degree, you might wonder where your education can take you when you graduate. The Graduate Management Admission Council, administrator of the GMAT, reports that the current job market for MBA graduates is stronger than the market has been since 2003. Opportunities abound in many fields; below are five of the best types of employers for MBA graduates.
Tech Tops the List
Every year, research firm Universum distributes a list of the employers MBA candidates most want to work for. For the eighth consecutive year, the winner is Google. The company is also enjoying its sixth year atop Fortune’s list of the 100 Best Companies to Work For. With much competition for top talent in tech, Google and other industry leaders, such as Apple, Microsoft, and Amazon are enticing MBAs with progressive benefit packages and perks.
Management Consulting Can Increase Options
In the number three spot on Universum’s list, also for the eighth consecutive year, is McKinsey and Company. The appeal of a career in management consulting is freedom of choice. MBA graduates can specialize in and move between any number of industries, or they can start as generalists and explore their options. These firms are also popular launch pads for corporate executives and politicians. MBA grads also cite Bain and Company and Boston Consulting Group as other desirable choices for management consulting.
Finance Renews Its MBA Appeal
The global financial crisis over the last several years made top finance firms less desirable places to work. However, there are strong indications that the shadow has passed. Industry stalwarts like PricewaterhouseCoopers, Morgan Stanley, and Ernst and Young are reclaiming spots on the list of top choices for MBAs. The massive scale and global reach of these companies give employees opportunities to move both vertically and laterally, or to transition to management positions in other areas.
Retail and Consumer Goods Tap Into Leisure Interests
This area allows MBA graduates to combine their business acumen with their passions, such as sports or food and drink. Athletics giant Nike is a popular choice for its partnerships with top teams and leagues, technological innovation, and commitment to diversity in sports. Starbucks is not only the world’s largest coffee retailer and global brand, but it’s also known for its constant drive to innovate, which appeals to ambitious entrepreneurial minds.
Media Holds Desirable Diversity
No matter which list of top employers you look at, you’re likely to spot Disney. Disney and other multinational entertainment and media companies offer limitless opportunities for MBA grads. Explore jobs in feature film, consumer products, news media, video games, theme parks, travel, television, mobile, and interactive businesses. The media industry combines business propositions and brands consumers can connect with on an emotional level.
There has never been a better time to earn an MBA. While obtaining jobs at the most desirable companies will always be competitive, the market is favoring candidates educated at a graduate level.