How An MBA Helps Professionals Lead The Future Of Work

future of mba
future of mba

How An MBA Helps Professionals Lead The Future Of Work

New technologies and an ever-changing labour force are redefining the future of work. With the emergence of artificial intelligence (AI), machine learning (ML), and automation, more workers will lose jobs to machines, and skilled workers will gain a competitive advantage. Studies show that professionals with no postsecondary education could account for more than three-quarters of automation-related displacements. In addition, these professionals are four times as likely to occupy a highly automatable role than individuals with a bachelor’s degree or higher.

MBA graduates with in-demand skills for tomorrow’s job market will lead the future of work. With the acceleration of digital communication and transportation technologies, the world is hyper-connected and moving toward globalisation; an accredited international MBA programme allows professionals to work across borders with a global business perspective. MBA careers in areas like global business, finance, and entrepreneurship offer attractive job opportunities for today’s professionals. 

The future of MBA careers is changing, but graduates can enter the modern workforce with credibility, influential leadership skills, a relevant professional portfolio, and earned confidence. Discover how an online MBA can help your career and prepare you for the future of work.

What will the future of work look like?

In 2022, the majority of the workforce continues to work remotely or within a hybrid model. Gallup’s recent State of the Global Workplace report shows that the UK and Western Europe have the lowest employee engagement levels globally at just 11 per cent. As a result, the future of work needs passionate and skilled leaders who can re-engage teams and attract and retain talent.

The Organisation for Economic Co-operation and Development (OECD) reports that digitalisation, globalisation, and the waves of the pandemic are radically changing the future of work. OECD states that many professionals choose to return to school to keep their skills relevant in a changing world. In the future of work, seniority is not enough; upskilling and reskilling have become the new normal. 

Additionally, tomorrow’s leaders will be increasingly accustomed to making data-driven business decisions and leading digital-first work environments. Reports show that investment in digital technologies could increase the UK’s GDP by 7%, an approximate £232 billion increase to the economy by 2040, and organisations need business leaders who understand the latest technologies and data-driven methodologies.

The combination of these pressing events will spur new ways of working and leading. MBA careers can help professionals enter the future of work with relevant skills designed for the hyper-connected, digitised world.

How does an MBA help your career?

An Online MBA is an advanced business degree for working professionals with several years of managerial experience. At its core, an MBA curriculum focuses on advanced managerial skills that will help enhance decision-making, analysis, and strategic thinking. Therefore, professionals with several years of managerial experience are perfect candidates for the programme.

So, how does an MBA help your career? An accredited MBA helps professionals land lucrative career opportunities, earn higher salaries, and feel confident and secure in their roles by teaching them how to: 

  • Lead with credibility
  • Be an influential communicator and negotiator
  • Effectively build and manage your networks
  • Manage change productively
  • Be effective interculturally
  • Show interpersonal awareness
  • Display confidence in yourself and your contribution

business discussion

MBA Careers for the Future of Work

Professionals with an MBA degree can break into various industries, from financial services and banking to healthcare and life sciences. Additionally, economic changes are increasing the quantity and quality of job options for MBA graduates. A few of the top roles for MBA graduates include:

  • Business development manager
  • Financial manager
  • Human resources officer
  • Information technology, or IT, manager
  • Management consultant
  • Marketing executive
  • Health service manager

Job Outlook for MBA Degree

Workforce experts are saying that job prospects for business school alumni are much better now than in the spring of 2020. Low unemployment rates give MBA degree recipients negotiating power to earn jobs, promotions, and career opportunities. 

The CEO of the hiring platform Recruiter.com, Evan Sohn, says "Everyone today is more valuable than they were two years ago because there's someone who is willing to pay them more money than they were making before.” 

The job outlook for MBA graduates in the UK is positive. According to MBA.com, E-commerce is a growing sector for MBA graduates in the UK; Amazon’s London headquarters employs 5,000 people and attracts graduates from the UK’s best business schools.

Additionally, more MBA graduates in the UK are flocking to Big Tech. The tech startup Genome recently named London as one of the best places to work in tech in the world, alongside New York and second to Silicon Valley. As a result, startups are swelling and professionals with MBA degrees are entering leadership roles. 

MBA Career Salary

According to Prospects UK, the skills you gain with a business management degree enable you to positively impact diverse industries. Utilities, fashion, health, grocery and construction all require functional managers with a clear understanding of systems, efficiency and operational issues. Opportunities also exist in business management and analysis roles with employers in the private, public and voluntary sectors. Prospects UK lists the following salaries for some of the top jobs for MBA graduates: 

  • Business development manager
    • Salary: Newly qualified earned between £30,000 and £60,000 and experienced business development managers earn around £80,000.
  • Financial manager
    • Salary: Newly qualified earn between £35,000 and £40,000 and experienced financial managers earn £65,000 to £100,000+.
  • Human resources officer
    • Salary: HR officers can earn around £35,000 to £55,000, and HR directors earn in excess of £80,000.
  • Information technology, or IT, manager
  • Management consultant
    • Salary: With three to five years' experience, management consultants earn up to £50,000; at a senior level, it's possible to earn up to £125,000.
  • Marketing executive/director
    • Salary: Senior marketing executives earn between £30,000 and £45,000, and marketing directors can earn more than £100,000.
  • Health service manager
    • Salary: The average salary in a first NHS role on leaving the scheme is around £40,000 and can range from £90,000 to more than £100,000.

Lead the Future of Work with an online MBA from Aston University

Are you a passionate professional with a desire to lead the future workforce? Do you have what it takes to earn an online MBA degree? Aston University offers an online MBA degree with pathways in global business, finance, and entrepreneurship where you can tailor your programme to your career goals. 

The Aston Edge programme delivered alongside the core curriculum will also develop your skills portfolio to help you become a better performer, achieve your goals and equip you to deal with the significant challenges that lie ahead in your future at the forefront of business.

Join an internationally recognised, triple-accredited school, learn high-demand career skills and expand your network by connecting with over 100,000 international alumni.

Are you ready to lead the future of work? Learn more about Aston University’s online MBA.