Which industries do MBA graduates work in? | UCW Blog
UCW News Team | December 08, 2016
Pursuing an MBA degree in order to increase one’s job opportunities continues to be the most popular choice for master’s level studies. According to GMAC (Graduate Management Admission Council) research, Canada ranks third among the top ten preferred locations to study for an MBA. This article provides some useful information for MBA graduates looking to find a career in Canada.
A research survey conducted by GMAC illustrates the growing demand for MBA holders across a multitude of sectors. The results show employer demand for MBA graduates in the finance and accounting, consultancy, and technology industries has increased in 2016 compared to figures from last year. While financial services and consultancy have always been traditionally popular industries for MBA holders, the technology industry is becoming another reliable choice for those looking for a stable career after their MBA studies.
Let’s take a closer look at these top three industries.
Canada is known for its stable economy and strong banking system, which makes the financial industry very attractive for MBA graduates. Toronto, the financial capital of Canada, hosts not only the headquarters of all of the major banks, but is also home to many prominent financial companies. According to QS Top MBA statistics, the salary range for employed MBA graduates in this sector varies from $60,000 to $140,000.
Many MBA graduates work as consultants in a variety of industries. QS Top MBA reports that MBA graduates earn from $55,000 to $150,000 as consultants.
The technology sector is also promising for MBA graduates. According to the Brookfield Institute for Innovation and Entrepreneurship, this sector comprises around 71,000 technology firms and provides employment to 864,000 Canadians. QS Top MBA reports salary ranges from $64,350 to $180,000 in this field.
The MBA program at University Canada West is dedicated to preparing young leaders and creative entrepreneurs for any industry, whether in Canada or abroad. The MBA develops core competencies in critical thinking, persuasive communication, systems analysis, leadership, and business ethics.