Alternative MBA Careers
2009 is a really volatile year in the world of finance and real estate. Numerous MBA students and recent grads originally went to their Masters of Organization Administration Programs with the objective of working in some of the conventional high paying finance jobs such as investment banking, trading, consulting and management. But with the economic crisis in full swing and a dearth of ‘traditional’ jobs what is a recent MBA to do? Here are some ‘alternative’ suggestions where you can put your MBA to work.
The Government
The prevailing view of a lot of is that the ‘power’ of the finance world has moved south from New York to Washington DC. With the different stimulus and monetary bailout programs being paid for and orchestrated by the government, many MBA’s are discovering positions working for the federal government in numerous capacities. Whilst not offering the lucrative high salaries of the private sector jobs of yesterday, you get some thing possibly just as valuable: Job security. In addition, you get a number of perks and rewards that several overlook that add up to some actual value.
For instance, federal employees receive 13 sick days a year as properly as 13, 20 or 26 days vacation depending on length of employment. They also qualify for the Federal Employees Retirement System, the Thrift Savings Strategy (comparable to a 401k) as properly as the Federal Employees Well being Rewards Program. There’s also life insurance and of course social security and medicare.
Go Green
There’s more to life than just the all mighty dollar. For those with an interest in helping mother earth a job for an environmentally friendly business in business development or management can be an fascinating option career path. With the political winds in Washington pushing every thing ‘green’ and offering incentives for companies and investors that put their funds into projects and companies that specialize in environmental related businesses, this is 1 of the few fields that is actually growing even during the recession.
There are various different certifications that one can obtain in addition to the MBA that can ‘tailor’ your degree to make you a valued ‘green’ employee. For instance, those interested in actual estate can obtain the LEED (Leadership in Energy and Environmental Design) certification. This enables you to pitch yourself to those actual estate related funds, builders and managers that specialize in ‘green’ properties.
Do Your ‘Start up’
They say that ‘necessity is the mother of invention’ and it is widely known that some of the most original suggestions and productive entrepreneurial ventures spring up in times when the brightest minds put their efforts into pursuing their own suggestions and inspirations. If you have a passion or can pursue a unique and unorthodox thought this is the time to do so.
Although you may possibly have wanted to do the ‘safe’ thing and work on Wall Street in a conventional job, as soon as you start off working for your self you might get pleasure from the challenge and freedom and by no means want to go back. It is virtually guaranteed that years from now when we look back, these economic hard times will have been the catalyst of some of the most ingenious and profitable future companies…you might create 1 of them, but only if you go for it. For a huge selection of fantastic articles about the MBA and MBA careers please go to www.TopTenMBA.com.
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