What Can I Do with an MBA in Strategic Leadership?
An MBA in Strategic Leadership differs from a regular MBA because it focuses more on leading organizations through change in a rapidly evolving, global marketplace. Graduates from such a program are prepared to develop and execute strategic plans in the modern business world, as well as identify and capitalize on new business opportunities.
It’s become a popular concentration for MBA students as the need for strong leadership with strategic skills has intensified in a fast-moving, data-driven, and global marketplace.
Strategic Leadership Opportunities
Earning an MBA with a concentration in strategic leadership offers graduates the opportunity to take top positions in any organization across all industries. This includes startups or existing companies. It’s a versatile degree that offers students a variety of opportunities.
Why Strategic Skills Are Important
With the disruption that technology has caused in the marketplace, strategic skills are more important than ever. The rapid pace of change has made the ability to quickly understand the market and devise strategy that capitalizes on current trends extremely valuable.
Strategic leaders go beyond sound business skills to develop a vision for the future, get buy-in for that vision, and motivate all involved to execute the plan.
The Harvard Business Review lists six essential skills for strategic leadership, all of which are learned in a quality MBA Strategic Leadership program.
Those skills are:
- Anticipate. This includes detecting both threats and opportunities.
- Challenge. This involves questioning both your views and the views of others, as well as opening yourself up to different opinions.
- Interpret. Sorting through complicated (and even contradictory) information and finding new insights.
- Decide. The ability to make tough decisions, often in tight time-frames.
- Align. Finding common ground among all the people involved in executing a strategy and getting buy-in from them even when they hold disparate views.
- Learn. This applies not only to you, but your organization. Never stop seeking new knowledge. Promote an organization-wide culture that supports this.
These skills are critical to success. While work must be done on your own, many seek the resources, structure, and support of an MBA program that focuses on strategic leadership.
The Demand for Strategic Leaders
Federal projections show that the need for leadership has not slowed. The number of top executives is expected to grow 8% by 2026, according to the U.S. Bureau of Labor Statistics (BLS). The agency also projects 8% growth in management occupations and 9% growth in operations managers.
Those numbers are for the entire nation. The most top executives are employed in California, Florida, Illinois, New York, and Massachusetts. Nationwide, the BLS reports a mean annual salary for top executives of $196,050.
Opportunities exist in every industry. Some of the biggest growth is seen in healthcare, technology, marketing, and finance.
The right set of skills with the proper education can open the door to these jobs. Students in an MBA program with a concentration on strategic leadership learn about issues such as project management, organizational communication, negotiations, conflict resolution, and relationship selling techniques.
Strategic leadership is in demand because it works. For those who aspire to lead in a fast-paced business world, earning an MBA can prove a step in the right direction.