According to data from CareerOneStop, general and operations managers, accountants and auditors, and business operations specialists are all in high demand in New Mexico. Students looking to take advantage of openings in these business professions should strongly consider applying to online MBA programs in New Mexico.
Enrollment in distance education programs continues to grow in New Mexico. From 2012-2015, the number of students taking distance classes in the state increased from 30.9% to 38.8%.
The information below can help you decide if earning an online MBA in New Mexico is the right educational path for you. Read on to learn about possible careers, key business sectors, and major employers in the state. Additionally, this page includes a list of distance MBA programs in New Mexico, which you may use to jumpstart your search for the ideal business school.
Careers and Salaries for MBA Graduates in New Mexico
New Mexico boasts an abundance of natural resources. As a result, mining and logging jobs abound throughout the state. According to the U.S. Bureau of Labor Statistics (BLS), these industries grew more than 10% between April 2018 and April 2019. Other strong industries in New Mexico include construction, which increased 5.3% during this period, and leisure and hospitality, which grew 5.4%.
Other industries related to business administration and management, such as professional and business services, manufacturing, and financial activities, reported little to no growth between April 2018 and April 2019. The BLS also notes that New Mexico’s unemployment has decreased by a significant margin in recent years. The statewide unemployment rate stood at 4.9% in September 2019, and it has not exceeded 5.1% since March 2018.
CareerOneStop notes that the largest employer in New Mexico, the University of New Mexico Board of Regents, has 12,000 employees. The second-largest employer in the state, Sandia Corp., specializes in scientific research and development. Other top employers in New Mexico include the University of New Mexico, New Mexico State University, ESPN, and the New Mexico Board of Health. Sixteen of New Mexico’s 25 largest employers maintain their headquarters in Albuquerque, the state’s largest city.
An online MBA with a specialization in finance can help students qualify for accounting and/or budgeting positions at these three organizations. Additionally, research and development firms often have inventory and transportation needs and seek candidates with a background in logistics and supply chain management. Other specializations can benefit graduates seeking jobs from other top New Mexico employers. These include sales and marketing specializations for prospective ESPN employees and healthcare administration specializations for those who plan to work for the New Mexico Department of Health.
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Careers for MBA Grads in New Mexico
Logisticians coordinate an organization’s supply chain. They oversee the entire lifecycle of a product, including manufacturing, distribution, delivery, and the purchasing of raw materials. Their responsibilities also include keeping track of warehousing and transportation using supply chain management software. Logisticians analyze their organization’s supply chain and identify ways to decrease costs.
Projections Central expects job market growth of 12.5% for logisticians in New Mexico from 2016-2026, faster than the national job growth rate. New Mexico’s logisticians earn a mean income of $80,400, slightly more than the national mean for the profession.
Financial analysts help companies and independent investors invest their assets appropriately. They analyze the stock market, evaluate specific investments, and recommend investing strategies to clients. Some financial analysts, called buy-side analysts, advise institutions looking to invest large amounts of capital. Others, called sell-side analysts, help sales agents sell investment vehicles such as stocks and bonds.
Personal financial advisors often benefit from a degree that covers business, finance, accounting, economics, or investments. An MBA or a master’s in finance can enable financial advisors to advance to management roles and attract more clients. These professionals help people manage their finances by providing advice on investments, mortgages, savings, estate planning, taxes, and retirement. Some specialize in specific areas of personal finance, while others offer advice on many topics.
Market research analysts conduct research with the aim of helping a company market its goods and services. To this end, they may conduct surveys, analyze market trends, or conduct research on competing organizations. Through their research, market research analysts attempt to determine customer buying habits and the level of demand for certain products. Market research analysts need a strong background in marketing and statistics, which they can acquire through a New Mexico MBA.
Typically employed by advertising agencies, advertising managers prepare budgets, meet with clients, and oversee employees who develop ideas for advertisements. Promotions managers boost sales through tactics such as in-store displays, events, ads, contests, and coupons, while marketing managers evaluate demand for products and develop strategies to increase sales. Many companies, including those in New Mexico’s largest industries, hire advertising, promotions, and marketing personnel to generate interest in their services or products.
Advertising and promotions managers in New Mexico earn a mean salary of $81,210 per year. Projections Central expects that the number of advertising and promotions management jobs will remain stable in the coming years.
Depending on the New Mexico online MBA program you choose, you may enjoy the option of focusing your studies in a particular area of business administration. Some common concentration options found in MBA programs include marketing, finance, accounting, international business, and nonprofit management. While you should only choose a concentration that interests you, you may also want to consider a field of study that relates to New Mexico’s major industries and employers.
Consider that New Mexico’s largest industries by employment include food service, construction, education, healthcare, and finance. Head to this specializations hub to learn more about potential business school specializations.
New Mexico’s Online MBA Programs
This section outlines selected online MBA programs in New Mexico. Since business administration degrees all differ slightly in terms of resources, projects, courses, concentrations, and tuition costs, be sure to carefully compare the programs below. With enough research, you may find the perfect distance MBA for you.
All of the programs below are accredited, so they all will provide a high-quality business education. Check out this page to explore more about the benefits of business school accreditation.
Eastern New Mexico University offers more than 60 associate, bachelor's, and master's degrees. Students at ENMU attend classes at campuses around the state, online, and at satellite locations. A federally designated, Hispanic-serving institution and a member of the Hispanic Association of Colleges and Universities, the school offers 30 certificate and degree options fully online, including an online MBA in New Mexico.
The online MBA at ENMU requires 10 core courses -- or 30 credit hours -- and emphasizes skills in accounting, finance, management, marketing, law, and ethics. Students can view recorded lectures asynchronously and complete work on their own time. Out-of-state students can also take advantage of lower in-state tuition rates at ENMU if registered for six or fewer hours per semester.
Students can earn their online MBA at New Mexico Highlands University either on the main campus in Las Vegas, on smaller campuses around the state, or online. With a student-to-faculty ratio of 15-to-1, students at NMHU can take advantage of individualized attention from instructors and a close-knit learning environment.
The online MBA program at NMHU offers concentrations in international business, finance, accounting, management, human resource management, and management information systems. The program requires 37 credit hours, and students may fulfill coursework online, in-person, or through a combination of both. The MBA program also boasts full programmatic accreditation from the Accreditation Council for Business Schools and Programs. All applicants must submit official transcripts from other universities attended, two letters of recommendation, and a statement of purpose.
Home to the first honors college in the state, New Mexico State University offers 90 undergraduate degrees, 58 master's degrees, and a variety of graduate certificate options. Students can complete many of these degrees entirely online, including a graduate degree in business.
NMSU's online MBA consists of 36 credits that make up 12 required courses. Though most coursework is asynchronous, students must participate in some synchronous lectures on weekday evenings. Also, students must have earned certain background undergraduate prerequisites in business, which, if they need to, they may take during a summer session before beginning the MBA program. The online MBA in New Mexico program at NMSU holds accreditation from the Association to Advance Collegiate Schools of Business.
Located in Hobbs, the University of the Southwest grounds itself in nondenominational Christian beliefs and values. This regionally accredited private institution offers on-campus and online degrees. Students looking to earn an online MBA in New Mexico can do so at USW easily and affordably in as few as 12 months.
The online MBA programs at USW provide students with textbooks and technology as part of their tuition. Previous work experience, prior knowledge, and even military experience may all potentially count towards the required 36 credit hours for this unique MBA, making one's time to completion even shorter. Students earning their MBA at USW can choose from one of 10 concentrations, including marketing, public administration, accounting, and finance. Courses emphasize topics in leadership, information technology, and financial planning. Classes begin every eight weeks.
With more than 3,500 students enrolled in on-campus and online classes, Western New Mexico University averages 18 students per class. Of the school's available online degrees, WNMU offers a fully online MBA in New Mexico accredited by the Accreditation Council for Business Schools and Programs. Students with or without a bachelor's degree in business can earn their online MBA in New Mexico at WMNU, as different degree plans cater to students who need to fulfill certain prerequisites prior to beginning the MBA.
Students with a 3.2 GPA from the last 64 credit hours of undergraduate work do not need to submit GMAT scores. Students can specialize their degree in international business, management information systems, or healthcare administration.