Contact Us

Have queries for this product





Get Our Tips Straight To Your Inbox


What are some common careers pursued by MBAs from top colleges and why?

Posted on By admin

Posted in MBA

On analyzing the Class of 2016 employment data for MBA graduates from Harvard, Stanford, and Wharton, we find that 70%-80% of the class ended up in either Consulting, Finance or Technology. These three industries have consistently remained on the top for the last couple of years. In fact, these industries represent the “traditional” career paths post MBA. There are shifts that happen between these industries every year, but they still represent the biggest portion of hiring. On eyeballing the charts it was also clear that these three industries also had 10%-15% higher median salaries and Other Income (annual bonus etc) as compared to other industries (you can find this data on the respective websites of the schools).

As you can tell, the numbers do paint a picture that for the most part MBA students are driven by money. However, it’s not all money and these three industries present good options moving beyond the 2 to 3 year horizon after your degree.

Management consulting at a top notch strategy firm like McKinsey or Bain can open up many doors at client companies. You are not only hobnobbing with the top echelons of the client company but also getting a chance to understand the client’s business from a strategic and operational perspective. Often, consultants end up in a management role at one of the client companies and rise in their careers from there. Also, the alumni network of management consulting companies is very strong; I would argue better than Business school networks!

A Finance job at an Investment Bank/PE/Hedge Fund is monetarily very rewarding. In some cases, the fresh MBA grads are promised bonuses as high as $400, 000. The life style may not be to your liking, but you can amass enough of a nest egg to take some time off and decide your path forward. There are several options moving forward – careers in Corporate Finance, Corporate Development, Investor Relations, your own hedge fund, or becoming an investment manager for high net worth clients to name a few.

A job in high tech industry is the rising fad amongst MBAs. Typically you will end up in Corporate Marketing, Product Management/Marketing roles, where big picture, data analysis and people skills play an important role. The salary may not be that much, but the equity awards can be generous and these can yield solid returns. One other advantage of a high tech job is that it keeps you on the bleeding edge of technology; your vantage point puts you in a better position to discern disrupting industry changes.

A lot also depends on your individual background. If you have a strong engineering/technology background, becoming a CTO is also an option – you can leverage your earlier background with MBA learnings. Likewise, many MD’s pursue MBAs to become healthcare VCs. With the success of Silicon Valley technology companies, there is also a rise in the number of MBAs going the entrepreneurial route.

Don’t get trapped into thinking on traditional career paths post-MBA. Assess your strengths and passions. There are many attractive opportunities in your post-MBA career.

Author: admin

0 Comments

Related Posts

Top 11 Alternative Careers for Biotechnology & Life Science Graduates | Hot Jobs Outside the Lab & Academia Tanmoy Ray

Biotechnology and life sciences are no doubt booming industries. Both sectors offer excellent career opportunities in India and abroad. However, due to various factors, biotechnology…

Read More

Online MBA Programs: Pros and Cons
Online MBA Programs: Pros and Cons Tanmoy Ray

Advanced degrees like Masters and MBA programs are always beneficial to career and job prospects. But, pursuing a full-time regular program might not be feasible due…

Read More

What to do if you don't get the College or Course (Degree Program) of your choice?
What to do if you don’t get the College or Course (Degree Program) of your choice? Ajay Singh

“College Admission Results Are Out And I Don’t have the college or degree program of my choice – What to do now?”Are you having similar thoughts?…

Read More

Aviation Careers in India
Aviation Careers in India: Industry Outlook, Top Courses & Colleges, Jobs & Salary, and Top Companies Tanmoy Ray

Did you often use to get fascinated by airplanes in your childhood? Does it feel exhilarating to have a job at an altitude of 39,000…

Read More