What Are Popular Entry-Level Positions with a MBA?
A Master of Business Administration (MBA) graduate generally plans to advance to a senior management or company officer position. MBA applicants should have a few years of business experience behind them, as positions requiring an MBA usually also require five to ten years of experience. Some exceptions to this rule exist and this article only describes true entry-level MBA positions.
Popular Entry-Level Positions for an MBA Graduate
Even a job advertised as an entry-level MBA job often calls for at least some business experience. Therefore, your MBA entry-level job will depend on where your experience lies. Here are some of the popular positions most likely to be open to a new MBA.
Important Facts About Entry-Level MBA Opportunities
|On-the-Job Training||Minimal or nonexistent in most capacities, although select companies may offer training for unique or specialized work.|
|Key Skills||Effective communication, group leadership experience, an aptitude for negotiation and a well-developed familiarity with financial and business regulations|
|Work Environment||Be prepared to spearhead projects independently, work cooperatively within larger teams, and revise strategies in response to changing market forces.|
|Median Salary (2018)||$85,660 (for financial analysts)*|
|Job Outlook (2016-2026)||11% growth (for financial analysts)*|
Source:*U.S. Bureau of Labor Statistics
Sales and Marketing
Sales is a popular entry point for any business management career. Even if your entry-level position is in sales, your MBA training will help you to quickly advance to management levels. Marketing skills are always in great demand, especially in the areas of e-commerce and cross-cultural international business. Other skills may also be important depending on the industry. For instance, IBM prefers to hire sales representatives who have both technical expertise and an MBA.
Consulting and Customer Relations
This entry point is similar to sales in that you represent a company to customers. In customer relations you are helping potential and current customers identify their needs. Your role is to also design solutions using your company's services or product line. Many companies offer consulting and customer relations positions without requiring much experience.
JOBCentral National Labor Exchange, a labor exchange pool, currently lists a number of financial analyst positions for MBA graduates who have less than a year of experience. Some companies may provide training to entry-level employees, but this is generally not a standard practice within the industry. With two to five years of experience and your MBA, you can apply for high-level finance associate positions within major institutions such as JP Morgan Chase, Goldman Sachs or Wells Fargo & Company.
An MBA makes you more competitive for many entry-level positions in the government. You may find your place in purchasing, project, supply chain or information systems management.