Mar 08, 2021 11:07 AM EST
4 Career Fields That Require an MBA
As you approach the end of your undergraduate education, you may be wondering if you need additional schooling in order to pursue your passions. If you want to pursue a professional business career, there are certain roles that require minimal training but prominent personality traits. In addition, there are some positions that require individuals to get a Master's of Business Administration (MBA). You may be wondering, "how hard is an MBA?" Although this type of educational program is difficult, it will open the door to many opportunities in the future. In this article, we will share four career fields that require an MBA.
What Is an MBA?
An MBA is a master's level degree that trains individuals that want to work in upper management at a prominent business. In addition, this training helps prepare those who are interested in the nitty gritty careers such as accounting, controlling, or portfolio management. Due to the exposure of these individuals, they are often in high-stakes situations. This degree helps prepare business-savvy individuals to crunch challenging numbers, facilitate large business deals, and optimize the ins and outs of a portfolio.
A financial controller is often the backbone of a business. These individuals manage the day-to-day operations of an entity. In addition, they make sure the forecasts and budgets are designed optimally. The expertise required to understand both the high-level and detailed functionality of an accounting department requires a MBA.
2. Investment Banker
Typically, the main role of an investment banker is to help companies as they plan their initial public offerings (IPO). Due to the legality and expenses involved in this process, an investment banker must be well-versed to handle situations in a way that benefits all parties involved. From underwriting deals to equity financing, these individuals are trained to be the point person for large corporate mergers and exchanges.
3. Health Services Manager
The healthcare industry is very complex. The individual who manages the profit and loss (P&L) statements is responsible for creating processes that maximize the funding available and eliminate unnecessary costs. Due to the nuances of the healthcare field, it is important that many options are considered in order to ensure that all codes and quality measures are being adhered to as transitions are made with providers and products.
4. Global Business Manager
When businesses operate internationally, a whole new realm of guidelines must be adhered to in order to handle tax implications, tariffs, and other expenses. Individuals who work in international business are trained to handle competitive deals with maximum efficiency. In addition, these professionals are required to proactively seek out opportunities that will advance the goals of the corporation.
If you dream about being in upper management at a large business or corporation, an MBA degree can help to accelerate your career. This training helps individuals navigate situations with savviness and efficiency. Nowadays, there are many amazing MBA programs that can be completed in person or online. When you obtain this level of certification, you are more likely to be presented opportunities in the future.
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