Enrolling in an online MBA program can give you great career benefits. However, some MBA concentrations are in more demand and have higher salaries than others. Deciding on the best MBA concentration is a difficult task, so it’s best to find one that suits your career goals. Here are some of the best MBA concentrations.
Finance
A finance concentration focuses on handling financial situations and managing financial institutions. Students will also learn financial law, accounting and derivatives. However, finance has one of the lower median salaries and job growth than the following MBA concentrations.
Marketing
Another good MBA concentration is marketing. It has one of the highest median salaries, and is an important key to business survival. Without understanding consumers and the products or service the company is offering, a business could not succeed. The job growth for an MBA in marketing is about average.
Information systems
Information systems is another concentration that has a high median salary and employment rate. With the increase of technology, business has a high need for IT professionals. Students can expect to learn how to manage computer systems for their company and how to upgrade a company’s technology based on the business’s needs.
Healthcare management
One of the best MBA concentrations is healthcare management. The rapidly evolving healthcare industry has created a greater need not only for caregivers but for experienced professionals who can manage the business side of healthcare. In addition to the understanding the industry’s business needs, a concentration in healthcare management allows students to learn many other concentrations. It is important to know about finance, marketing and human resources to help improve the healthcare system. This concentration also has the highest outlook for job growth within the next 10 years.
Deciding which concentration to choose can be difficult, but looking at what each of the concentrations offer can help you form your decision. It is important to consider the best MBA concentrations when enrolling in an online MBA program because they may offer more job security, pay and satisfaction.
Sources:
MBANoGMAT.com: 7 Highest Paying MBA Concentrations for the Future