Whether you’re looking to transition into a new field or take your current career to the next level, an MBA program is worth considering. MBA is a widely recognized graduate program that gives you a deep understanding of everything related to business and management.
With a focus on real-world applications, an MBA can help you build a successful career in a variety of industries. The curriculum covers a wide range of topics and equips you with the skills to tackle complex business problems. On top of that, it can set you apart in today’s job market and open up new opportunities for career advancement.
In this article, we’ll take a closer look at what’s hot in the business world right now. But before delving into the various business majors options, it’s important to explore some of the hidden benefits of earning an MBA.
Why an MBA Degree?
An MBA degree offers a comprehensive understanding of the business world, providing students with the tools and skills necessary to succeed in diverse roles. In a post-COVID economy, employers prefer individuals with a combination of technical and leadership skills, which can be acquired through an MBA program. Apart from that, here are some of the major advantages of an MBA degree:
- An MBA degree can help you develop the critical thinking, problem-solving, and communication skills needed in today’s competitive business environment.
- It gives you access to a powerful network of contacts that can open up new opportunities to advance in your career.
- MBA graduates often earn salaries higher than the median annual salary in the US.
- An MBA program provides access to academic journals, databases, and industry experts that can help individuals stay current.
- Most MBA programs have a global focus, so students can learn about business practices and trends worldwide. Business leaders can use this information to succeed in global markets.
Most In-Demand Business Majors in Post-COVID Economy
In a post-COVID economy, the job market is constantly changing, but certain business majors seem to be in high demand year after year. These majors offer a wide range of career opportunities and the potential for higher salaries and professional growth. So, if you’re considering a business career, you might want to consider one of these in-demand majors:
1. Cybersecurity Management
Organizations have become increasingly dependent on data and information systems in the modern business world. Organizations must protect their information systems and digital assets from cybersecurity threats. An MBA in cybersecurity management equips students with the knowledge and skills to manage and protect an organization’s network, applications, and digital assets from internal and external threats.
An MBA in Cybersecurity blends business education with cybersecurity management. It covers laws and regulations, network security, information security management, incident response, and disaster recovery. Designed for those looking to advance in cybersecurity management or transition into the field, graduates can become cybersecurity managers, security analysts, security consultants, or information security officers.
An MBA in finance provides students with a comprehensive education in financial management, investment analysis, and corporate finance principles. This program is designed for individuals who want to develop a career in finance and gain a deeper understanding of financial markets, investments, and financial management strategies. This knowledge can be applied to various lucrative and promising careers in finance.
With an MBA in finance, you can pursue a stellar career in investment banking, corporate finance, financial analysis, financial planning and advisory, and risk management. From financial institutions, investment firms, and consulting firms to manufacturing businesses, the services industry, and corporations, you can work in various industries. Best of all, you can start your financial advisory or investment management firm and become a successful entrepreneur.
3. Analytics and Intelligence
An MBA in analytics and intelligence provides students with the skills and knowledge to analyze and interpret data to make informed business decisions. This program covers topics such as data visualization, statistical analysis, predictive modeling, and machine learning.
Graduates of this program may work in various roles, such as Data Scientist, Business Intelligence Analyst, or Analytics Manager. They can help organizations make data-driven decisions to improve performance and competitiveness.
The increased use of analytical tools and artificial intelligence has accelerated the demand for business analysts and data scientists worldwide. The employment market for data scientists alone is expected to grow by 36% from 2021-2031, which equates to more than 13,000 job openings each year on average. By earning an MBA in analytics and intelligence, graduates can develop expertise in the field of data analysis and have a competitive edge in the job market.
An MBA in Accounting equips graduates with skills to analyze, interpret, and communicate financial data. The degree covers foundational subjects and specialized courses, such as international accounting, auditing, personal taxation, financial reporting and analysis, and accounting regulations.
An MBA in accounting graduate can work in various fields, from small businesses to large corporations, non-profit organizations, medical groups, and school systems. A career in auditing is also an option, especially for government agencies. You have diverse career options, including Chief Financial Officer, Business Development Manager, Personal Finance Advisor, Financial Manager, and more.
5. Business Management/ Business Administration
Business administration degrees provide a well-rounded overview of major aspects of a business. This program covers various business topics, like accounting, finance, marketing, human resources, business law, and IT. While you can work in various management roles with this degree, it can also serve as a good foundation for more specialized Master’s programs.
MBA in business administration offers insights into optimizing business operations to achieve both short-term and long-term business objectives. It provides a thorough understanding of how to effectively manage small to large-scale businesses and make decisions that will lead to increased profitability and efficiency.
6. Supply Chain
An MBA in supply chain management prepares students to manage and optimize the flow of products and services in organizations – from procurement to logistics, inventory management, and global supply chain strategies.
Graduates with an MBA in supply chain management can acquire a competitive advantage in the job market and qualify for supply chain and logistics leadership roles, such as supply chain director, logistics manager, or procurement manager. The curriculum also assists students by giving them a solid grasp of particular industries and market trends and preparing them for real-world supply chain management challenges.
With the rapidly changing business landscape, there is a growing demand for professionals with the knowledge and skills to navigate and succeed in a data-driven, technology-focused economy. Business majors such as finance, accounting, supply chain, and analytics and intelligence are in high demand, offering graduates a wealth of career opportunities and the ability to make a real impact in the business world. For those considering a business career, these in-demand majors offer a solid foundation for a successful and fulfilling future.