Lucrative Careers for MBAs

For many, an MBA can be the ticket to a prosperous career.

Daily Hive recently rounded up the top high-salary jobs an MBA can get you.

INVESTMENT BANKER

Investment banking is one area that offers a lucrative, long-term career.

“One of the first jobs that probably springs to mind when you think of an MBA is an investment banker,” according to Daily Hive. “If you love nothing more than getting into the nitty-gritty of an Excel spreadsheet and the thought of helping companies and government agencies raise money interests you, investment banking could just be your calling.”

And many MBAs choose to pursue a career in investment banking post-grad. For instance, at NYU’s Stern, 22.6% of the class of 2019 went into investment banking.

According to data by PayScale, the average investment banker rakes in roughly $99,020 in base salary.

MARKETING DIRECTOR

A marketing director is in charge of a company’s marketing policies, market research, and marketing plans for products and services, according to Daily Hive.

And, experts say, marketing encompasses a wide variety of skills.

“Marketing is not just about communication,” Tim Derdenger, an associate professor of marketing and strategy at Carnegie Mellon University’s Tepper School of Business, tells US News. “People always … have the misunderstanding that marketing is only about communicating something to consumers.”

Rather, Derdenger says, marketing requires an understanding of how to design a product that appeals to consumers and which types of consumers should be targeted.

According to PayScale, the average marketing director’s salary is $86,811.

CONSULTING PARTNER

Consulting is one of the most popular careers for MBAs. And that’s mostly due to the fact that it pays so well.

According to PayScale, the average partner at a management consulting firm earns $227,999 in salary.

“If you prefer working with people to help them achieve their goals and are also great at thinking ahead to potential problems, a consulting partner could be the perfect job for you,” according to Daily Hive. “A consulting partner spends time with clients and teams and looks ahead to forecast any challenges they could face in the future.”

Sources: Daily Hive, Poets & Quants, PayScale, US News, PayScale, PayScale