2020 Best Online MBA Programs in
The Lone Star State continues to sit at the top 10 of CNBC’s yearly list of Top States for Business. Texas’ continued economic growth in a wide variety of industries, including petroleum, banking, technology, energy, tourism, and biomedical, creates a wealth of opportunities for MBA graduates. To help students find the program that best suits their needs, we evaluated a comprehensive list of online MBA degrees to determine the best options in the state. Schools featured on our list of the best online MBA programs have the highest percentage of graduates in executive-level positions.
MBA Jobs in
Texas has nearly 50 companies on the 2019 Fortune 500 list, a skilled workforce of 14 million, and three cities with populations of over one million — Houston, San Antonio, and Dallas — offering virtually limitless opportunities for MBA career paths. Leading the Fortune 500 are ExxonMobil, McKesson, AT&T, Phillips 66, and Valero Energy. Other prominent names on the list of the state’s largest corporations include American Airlines, Southwest Airlines, Dell Computer, J.C. Penney, and iHeartMedia.
According to the Texas Economic Development Council, the state’s key industries include: aerospace and aviation; agriculture and food business; automotive; biotechnology and medical supply; corporate headquarters; office and support; energy, information technology and cybersecurity; manufacturing and advanced manufacturing; and supply chain and logistics. Major corporations in Texas also span industries including healthcare supplies, telecom, computers, food distribution, food manufacturing, construction, and personal-care products.
MBA Job Growth
The 2018 Report on Texas Growth Occupations includes growth projections for typical MBA careers for the period 2016-2026. Some of the fast-growing categories include: personal financial advisors at 23.3%; financial managers at 28.5%; securities brokers at 22%; general and operations managers at 19%; and sales managers at 17%.
In addition to these areas, recent graduates will find potential MBA career opportunities in fields such as strategic planning, marketing and promotion, PR and investor relations, human resources, logistics management, and compensation and benefits.
Texas MBA Salaries
The average annual MBA salary in Texas is approximately $75,000 per year, which is below the national average of approximately $83,000. The state has a lower-than-average cost of living as well, so basic spending on necessities cost comparatively less than in other states.
According to the UT of Austin McCombs School of Business, MBA graduates in these industries can expect to receive the highest average annual salary, as each offer significantly higher than the national average MBA salary: consulting ($134,165), financial services ($123,434), and technology ($119,003).
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- Kolmar, C. These Are the 10 Highest-Paying Jobs in Texas. Available at: https://www.zippia.com/advice/highest-paying-jobs-in-texas/ [Accessed 1 Sept. 2019].