The type of MBA degree that offers the most job security will depend on the industry in question. When choosing an MBA specialization, it’s important to select an area that is currently experiencing growth. Traditional fields like finance, marketing and management are simply too general to provide specific job opportunities and future job security.
Information Technology
Computer savvy students can choose between a cybersecurity and information technology management concentration. Both of these topics are critically important to businesses, because cybercrime, data breaches and identity theft are growing issues. Technology is evolving so rapidly that many businesses are struggling to keep up with changing security needs. A cybersecurity MBA will prepare students to manage IT security units and teams. Students will learn about strategic planning for information security management purposes.
On the other hand, students who choose to study information technology management will focus on learning the business side of technology and how new advances can be leveraged to make businesses function more effectively, efficiently and competitively. These programs will teach students about knowledge, web security, disaster recovery and network security management. Students will also develop a broad business background through general MBA courses that cover business communication, core management functions and effective leadership and team membership, according to US News and World Report.
Health Care Management
Job candidates who have an MBA in Health Care Management can pursue a variety of managerial careers. This includes insurance company managers, nursing home administrators and health care executives in hospitals. Managers who work within the biotech and pharmaceutical industries can expand their career opportunities through pursing this degree. MBA in Health Care Management courses cover topics like health insurance programs, taxation, legal and ethical issues and health care consumer experiences.
Certain MBA courses will help candidates excel in their future positions. These will include classes in human resource management that teach students how to successfully deal with staffing, new employee training, existing employee development and compensation and benefits. It also covers legal union issues, cross-culture challenges and safety and health policies. Students will take classes in managerial health care economics and learn about economic optimization, demand estimation cost and pricing analysis. There will also be courses on community health evaluations and federal and state health policy processes.
Supply Chain Management
A supply chain management MBA is perfect for students who are working the fields of logistics, shipping or warehousing. Students will learn about strategic supply chain integration, quality control initiatives, dynamic risk modeling and sustainability programs. Students must be able to provide competitive advantages through reverse logistics, strategic relationships and global supply chain integration. Students often focus on certain areas, such as strategic planning, inventory management or global procurement.
These MBA specializations are designed to deliver learning based on the industry’s current best practices. This means that students will learn about the selection, development and performance alignment of integrated global supply chains. The curriculum provides students with the managerial tools and techniques to create efficient and streamlined procurement channels. Graduates go on to work for retailers, wholesalers, manufacturers, materials vendors, transportation companies and third-party logistics.
Related Resource: Part-time MBA
As an alternative, ambitious students who want to create their careers can pursue an MBA in entrepreneurship. The type of MBA degree that offers the most job security will be enhanced by the student’s skills and core competencies.