The economy is recovering and so is the job
market for MBA graduates. For the year 2013, the Graduate Management Admission
Council (GMAC) reports that 75 % of major employers will hire MBA degree
holders—an increase of 4 % from 2012.
The most interesting development is that
more recruiters are coming from industries other than finance and consulting. With
the shift in recruitment demand due to the recession, MBA graduates can find
career opportunities in manufacturing, technology, and others. Here are some of
the industries that hold the jobs for MBA grads.
Manufacturing
Manufacturing is a hidden goldmine for
MBAs. In order to bring their productivity to new heights, manufacturing
companies are hiring MBAs to oversee accounting, supply chains, and employment.
Master-level business graduates can fill
positions as production managers, supply chain managers, and business analysts,
where they can improve efficiency and increase production for manufacturing
giants like Boeing, Caterpillar, Emerson Process Management, and Amgen.
Health Care/Pharmaceuticals
When the finance sector started turning MBA
applicants away during the 2008 financial crisis, hospitals and drug companies
took them in, and now they are realizing the great benefit of having
business-trained people manage everyday operations. In fact, the demand for MBA
graduates rose to 89 % in 2013.
The health care industry needs MBAs to set
long-term goals in terms of implementing patient efficiency and controlling
costs. New graduates can find entry level jobs in the fields of hospital
administration and health services management. Local hospitals, large health
organizations, and pharmaceutical firms like Pfizer are some of the best
employers for business graduates venturing in the medical industry.
Technology
Technological firms need MBAs to upgrade
performance and productivity. MBAs know what the customers want and how the
market will react to new products and services. Therefore, it’s no surprise
that the demand for business talents within this industry is very stable.
Being a highly competitive industry, MBA
grads can expect challenging roles in handling finance, business development,
and tech management. Major employers are the likes of Ernst & Young and Google,
which happens to be the number one preferred employer among business students. Nonetheless,
MBAs looking for excitement should not overlook startup ventures which can
really use their business know-how.
Government/Nonprofit
Some jobs are moving away from the private
sector towards nonprofit organizations and the public sector. A recent survey
even reveals that the Government of Canada is the second most chosen employer
of business graduates. A factor to this growing interest in public service
among MBAs is a strong sense of social responsibility cultivated even during
their business school days.
At the same time, nonprofits want MBAs to
streamline operations and to utilize their inside knowledge of the private
sector, while government agencies need their strategic thinking in terms of the
best way to allocate public funds.
These sectors also offer the most
flexibility for business graduates seeking work-life balance in their careers. For
those looking for job security and upward mobility, public servants holding
MBAs can attest to the likeliness of getting promoted to senior management
positions within the first ten years of employment.
Nowadays, MBA graduates can find their
dream jobs in the unlikeliest of places and in industries they may have never considered
before. This phenomenon gives nothing but good vibes to new graduates who can
hone their business acumen while making a huge difference in many people’s
lives.
Student Jobs
is a new employment agency for students and graduates in Canada. We recruit
students for part time and full time jobs as well as link potential graduates
to internships and entry level job opportunities. Check out our website www.student-jobs.ca
