From Classroom to Boardroom and Beyond: What Can You Really Do With an MBA?

I recently received an email from LinkedIn asking me to write about what you can do with an MBA degree. At first, I was just going to delete the message, assuming I received it because the Masters of Business Administration degree is listed on my profile. The more I thought about it though, the more I realized this could be a fun piece to write.

When I applied to Laurentian University's MBA program, I didn't do any research into potential careers. I needed an MBA to teach accounting. All the jobs I had been interested in applying for stated that right in the application. LU's program offered me credit for courses I'd already taken through what was then the CGA-BC Program of Professional Studies in Accounting, so applying was a no brainer for me.

But what else can you do with an MBA degree?

I started asking this question when shortly after completing the MBA program, many schools were requiring instructors to have a PhD. I knew that wasn't in the cards for me. Thankfully, my local college was willing to hire me with my CPA designation and my MBA credentials.

If you're contemplating applying to an MBA program, but you're not sure what you can do with that degree when you're finished, here are some options to consider.

While my personal journey with an MBA led me to academia (then writing and editing), the versatility of this degree opens doors to a wide array of exciting and fulfilling career paths. Whether you're drawn to the dynamic world of business, the intricacies of finance, or the challenges of leadership, an MBA can equip you with the skills and knowledge to excel.

1. Management and Leadership Roles

An MBA is often seen as a stepping stone to management and leadership positions across various industries. With a strong foundation in business strategy, operations, and organizational behavior, MBA graduates can effectively lead teams, manage projects, and drive organizational success.

2. Consulting

Consulting firms often seek MBA graduates for their analytical skills, problem-solving abilities, and strategic thinking. As a consultant, you'll work with diverse clients, tackling complex business challenges and providing valuable insights to help them achieve their goals.

3. Entrepreneurship

An MBA can provide the foundation for aspiring entrepreneurs to launch and grow their own businesses. The program's focus on innovation, market analysis, and financial management equips graduates with the tools to navigate the complexities of starting and scaling a venture.

4. Finance and Investment Banking

The finance industry offers a wealth of opportunities for MBA graduates, including roles in investment banking, corporate finance, private equity, and asset management. An MBA's rigorous coursework in finance, accounting, and economics prepares graduates to make sound financial decisions and navigate the complexities of the financial markets.

5. Marketing and Sales

An MBA with a specialization in marketing or sales can lead to exciting careers in brand management, product development, digital marketing, and sales leadership. MBA graduates can leverage their understanding of consumer behavior, market trends, and data analytics to drive customer acquisition and retention.

6. Technology and Innovation

The intersection of business and technology is a rapidly growing field, and MBA graduates with a passion for innovation can find fulfilling careers in product management, technology consulting, or venture capital. An MBA's focus on strategy, leadership, and problem-solving can be invaluable in driving technological advancements and navigating the complexities of the digital landscape.

7. Non-Profit and Social Impact

An MBA can also be a powerful tool for those seeking to make a positive impact on the world. Non-profit organizations and social enterprises often seek MBA graduates for their leadership, management, and fundraising skills.

8. Writing and Editing

In my current career as a freelance writer, I've been required to have a master's degree when applying to work on certain types of writing and editing projects, and boy, did I breathe a sigh of relief that my MBA counted (even though it's not an advanced degree in writing). There are lots of companies looking for people who can write about topics that are covered in-depth in an MBA program, so if you enjoy writing or editing, this may be another career option for you.

The possibilities with an MBA degree are vast and varied. While my path led me to teaching then writing, your journey may take you in a completely different direction. The key is to explore your interests, leverage the skills and knowledge you gain through the program, and seize the opportunities that align with your passions and aspirations.