Wednesday, February 3, 2010

Emerging Fields for New MBAs in Canada

There used to be a saying in financial markets, "MBA – leads the way." The question today is where that MBA is leading to. The times are changing and traditions are changing with the times. A student who put in long, hard years of study to earn a respectable MBA degree can still look forward to a rewarding career. But where will that career be?

Banking, long a natural employer of skilled, financial and business minds, has begun to offer new opportunities. The relative strength of Canada's banks has allowed them to expand internationally. This translates into ripe opportunities for MBA's with international experience, or those seeking to gain experience.

With more and more Canadian companies seeking outside, professional advice to help examine and assess their operations, in light of the effects of the recession, consulting jobs are providing prime employment for bright MBA students, especially those with knowledge of those industries that are going through tremendous change, like media, wireless broadband, and health-care.

For many other graduates, the time has come to think outside the box and forge ahead into uncharted territory. Public service is now seeking more MBA students that ever before. For example, the government's stimulus funding for infrastructure projects has created many jobs and projects. These need the right people to administer and oversee these massive projects.

Growth in the non-profit sector has outpaced the economy. As the need for professionals has grown greatly in the "third sector" of non-profits and NGO's, job opportunities for appropriately trained MBA students are continually available.

MBA students, with their fingers on the pulse, are also preparing themselves for careers in other budding sectors, such as sustainability and technology. A good deal of investment dollars is heading to these fields and many companies are seeking top, business minds to help them emerge on top not only financially, but ecologically and socially as well – the top business priorities of the 21st century.

There is one thing that an MBA student will not learn in school. When opportunity knocks – open the door. However, sometimes you have to search for the handle.

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