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Ranked among the top states for business by Forbes magazine in 2018, Utah offers a strong regulatory environment and growth prospects alongside a large labor pool. More than 103,000 management professionals worked in Utah in 2018, making it the fourth-highest employer of managerial occupations in the country. Utah hosts major industries including healthcare, finance, and information technology, offering extensive employment opportunities for MBA-holders.
Online MBA programs in Utah increase career options and earning potential. An online MBA in Utah prepares students to thrive as organizational leaders by building their knowledge and skills in management, marketing, and economics.
With identical curricula to on-campus MBA programs, online MBA degrees allow learners to complete their coursework on a flexible, convenient basis. Accelerated programs last 12-18 months, and part-time learners can earn their degrees in 3-5 years.
Careers and Salaries for MBA Graduates in Utah
Utah's top industries include energy, healthcare, financial services, and information technology. Students earning online MBAs in Utah gain the skills to work in many of these thriving industries, especially if they specialize in management, finance, or marketing. Some of the nation's largest companies, such as Goldman Sachs, feature offices in Utah. In fact, more than 74,000 employees work in the state's finance industry alone.
U.S. News & World Report recently named Utah's economy the second-best in the U.S., and Forbes named it the second-best state for starting a business in 2018. As these accolades demonstrate, Utah offers MBA-holders a variety of opportunities for success.
According to an annual report put out by the Utah Governor's Office of Economic Development, the state added over 40,000 new jobs in 2017. Utah's economy continues to grow at a faster rate than the national average. Candidates pursuing online MBAs in Utah can expect positive career prospects as they enter the state's growing job force. Equipped with valuable skills and knowledge, online MBA graduates make worthy candidates for jobs in diverse industries and settings.
|Company||Location||Main Industry||Number of Employees|
|University Health Care||Salt Lake City||Healthcare||10,000|
|University of Utah Health||Salt Lake City||Education||7,866|
|Intermountain Medical Center||Murray||Healthcare||5,000|
Source: Career One Stop
Earning an online MBA in Utah can lead to careers in some of the state's fastest-growing sectors. Healthcare and technology -- two of Utah's biggest industries -- present many exciting opportunities for MBA-holders. Graduates can take financial service jobs, management positions, and administrative roles at hospitals or healthcare organizations. Alternatively, MBA students specializing in information technology can work in software development, web design, and online marketing.
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Careers for MBA Grads in Utah
Top executives articulate and implement organizational goals and policies, often focusing on one aspect of an overall company mission. Top executives may oversee financial activities, human resources, or information technology as part of their duties. They work with department heads, managers, and fellow executives to optimize organizational efficiency and efficacy.
Utah employed the most top executives in 2018, with nearly 5,000 in these positions. Nonmetropolitan areas in central and eastern Utah ranked among the top five areas in the country for concentrations of top executives. Estimates indicate that top executive positions in Utah can expect a 12% increase from 2016-2026, far exceeding the projected national decline.
Financial managers assess and interpret data to facilitate an organization's short- and long-term financial health. They coordinate investments, implement strategies, and produce reports, working with both executives and employees.
Financial managers work in banking and insurance, with a strong presence in professional and technical services, as well as company and enterprise management. In Utah, financial managers can expect a 43% increase in occupations from 2016-2026, far above the 16% national projection.
In 2018, financial managers in Provo and Salt Lake City, Utah, earned the highest median salaries in the state at $104,330 and $101,710, respectively.
Healthcare organizations and companies dominate the list of Utah's largest employers. In 2018, hospital administrators in Salt Lake City, Utah, earned the state's highest median salary. Salt Lake City is home to major employers including Intermountain Medical Center and University of Utah Health.
Hospital administrators, also called medical and health services managers, can expect an estimated 39% increase in employment from 2016-2026 -- double the national projection.
Hospital administrators oversee the business operations of medical centers, clinics, and comparable healthcare entities. They supervise staff, establish policies and standards, and handle human resource matters while managing budgets and financial affairs. They also ensure compliance with applicable laws and regulations.
Financial analysts assess, interpret, and report on quantitative data related to investments, banking, and related financial services. They may also specialize in risk analytics or financial ratings.
With 47 banking institutions and 68 credit unions in Utah, financial professionals enjoy extensive employment options. When Goldman Sachs opened its first office in Utah in 2000, it employed 100 people. In 2017, the Utah office represented Goldman Sachs’ second-largest location in the United States, with 2,350 employees.
Financial services ranks among Utah's largest and fastest-growing industries. Financial analysts can expect a projected 6% increase in employment nationwide from 2016-2026, but in Utah, this estimate rises to 27%.
Computer and Information Systems Manager
Computer and information systems managers in Utah can expect an estimated 44% rise in employment from 2016-2026, quadrupling the national projection. Data indicates that the technology industry in Utah rose 3.6% each year between 2007 and 2017, more than doubling nationwide industry growth.
Computer and information systems managers plan, coordinate, and implement computer-related policies and procedures in an organization. They supervise computer and information systems activities, analyzing needs and adopting new technologies. They work with fellow computer systems analysts, information technology security specialists, and software developers to ensure safe, efficient technological processes.
MBA Concentrations for Utah Students
Online MBA programs in Utah prepare students for managerial roles across industries. Many also offer concentrations to further enhance learners' knowledge and skills in a specific field. With healthcare organizations among Utah's top large employers, students would benefit from an MBA with a specialization in healthcare management.
Utah’s key industries include financial services, outdoor products and recreation, and aerospace and defense. Online MBA programs in finance, hospitality management, and engineering management serve professionals working in these fields, as well.For more information on MBA concentrations and how they enhance professional and personal opportunities, check out the MBA specialization hub.
Utah's Online MBA Programs
Colleges and universities hold national or regional accreditation. Granted by an external body, accreditation validates academic standards, student outcomes, and institutional objectives and goals. Learners must consider accreditation status when choosing an institution, because it can influence financial aid and transfer options.
Alongside institutional accreditation, departments and individual programs may hold specialized or programmatic accreditation. Awarded by field-specific entities, programmatic accreditation verifies the quality of a school's curriculum, faculty, and student outcomes. To learn more about the bodies that accredit business programs and the overall importance of accreditation, refer to the MBA accreditation guide.
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