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The District of Columbia features the highest concentration of managerial professionals in the United States. With an annual mean wage of just under $150,000, managers in Washington, D.C., earn nearly $30,000 above the national mean wage.
Business professionals across industries enjoy diverse employment opportunities in Washington, D.C. The district's top employers include the U.S. government, healthcare facilities and hospitals, and international finance corporations.
Online MBA programs in Washington, D.C. allow individuals to earn degrees on a flexible, convenient schedule. Students can complete accelerated programs in as little as 12 months, or they may take classes part time across several years. An online MBA allows entry-level and junior finance, marketing, and sales professionals to advance into leadership positions. A specialized MBA in healthcare, public administration, or international business may create even more career opportunities.
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Careers and Salaries for MBA Graduates in Washington, D.C.
The greater Washington, D.C., metropolitan area enjoys a thriving, robust economy. Its encouraging unemployment rate is consistent with the national average and sometimes falls even lower. Similarly, statewide employment continues to grow at a steady pace, often outperforming the national economy. This bodes particularly well for working professionals who possess advanced postsecondary credentials, like MBA degrees.
The District of Columbia's top industries -- sectors like manufacturing, trade and transportation, finance, and government -- follow those same favorable trends. Each sector values professionals and executives who possess the skills and knowledge developed through online MBAs in Washington, D.C. These individuals often oversee the commerce, business development, and commercial enterprise aspects of each respective field.
The business and professional services industry employs the largest number of individuals in the field, and it posts significant net gains year after year. Both the Washington Business Journal and the BLS project that this industry will continue to grow at an impressive rate in coming years, creating an especially promising career outlook for working professionals with MBAs.
The table below covers the area's top employers, including those that rely on business and professional services at nearly every level of their operations.
|Company||Location||Main Industry||Number of Employees|
|George Washington University||Washington, D.C.||Education||10,000+|
|U.S. Department of Commerce||Washington, D.C.||Government and Commerce||10,000+|
|Naval Research Laboratory||Washington, D.C.||Government and Scientific Research||7,000|
Source: Career One Stop
Many of the available jobs in these companies and industries require extensive, advanced knowledge and an expert set of business skills. Obtaining an online MBA in Washington, D.C., lends itself to this sort of professional advancement. No degree automatically guarantees work, but professionals with these credentials gain a leg up on their competition in the labor force.
Careers for MBA Grads in Washington, D.C.
As the area with the nation's largest concentration of financial managers, Washington, D.C. offers its financial managers the fourth-highest salaries in the country. In the district, financial managers earn an annual mean wage exceeding $166,000 -- nearly $20,000 above the national figure.
Financial managers oversee the financial activities and success of a business or organization. They forecast financial activities by assessing market trends and preparing financial statements and activity reports as needed. Financial managers work closely with executives to develop and implement strategies to achieve short- and long-term financial goals.
Medical and Health Services Manager
Medical and health services managers address the business, finance, and regulatory aspects of healthcare organizations. Also called healthcare administrators, these professionals maintain patient data and records, coordinate clinical schedules, and ensure compliance with laws and regulations.
Medical and health services managers may specialize in health information, using specialized health information systems to analyze and collect data. Many healthcare administrators work in nursing homes, managing staff, facility care, and client health.
In the District of Columbia, healthcare administrators enjoy opportunities for employment with large entities like MedStar Washington Hospital Center, the U.S. Naval Research Laboratory, or the CareFirst insurance company.
Alongside advertising and promotions managers, marketing managers participate in activities to build interest in goods and services. These professionals assess consumer data to anticipate market trends while working with colleagues to promote and develop content. They anticipate the need for new products, as well.
Marketing managers in the Washington, D.C. metropolitan area earn a mean wage of nearly $170,000. High employment levels and a projected 10% increase in field occupations from 2016-2026 indicate continued growth for marketing management positions in the District of Columbia.
Securities, Commodities, and Financial Services Sales Agents
Securities, commodities, and financial services sales agents serve as intermediaries between buyers and sellers. They explain available services to clients, buy and sell stocks and bonds, monitor financial markets, and analyze finances to make decision recommendations.
According to projections, securities and commodities positions in the District of Columbia should grow on par with those across the country. Securities, commodities, and financial services sales professionals with MBAs can advance further in the field. As investment fund managers, for example, these professionals take on additional responsibilities, overseeing buying and selling operations and investment portfolios.
Management analyst is the fifth-largest occupation in Washington, D.C., as of 2016. Poised for a projected 9% increase from 2016-2026, management analysts earn an annual mean salary exceeding $103,000. These professionals may specialize in technology, healthcare, or government businesses, all of which make Washington, D.C., an ideal place to find work.
Management analysts research, analyze, and design strategies to improve organizational efficiency and efficacy. They work with executives, managers, and employees to reduce costs and increase productivity. Management analysts also implement new policies and procedures as permanent employees or independent consultants.
MBA Concentrations for Washington, D.C. Students
Online MBA programs in Washington, D.C., build foundational skills for leadership roles in the healthcare, government, and financial industries. Students who wish to further enhance their knowledge may benefit from specialized MBA degrees.
A public administration specialization, for example, emphasizes public policy and public science, while a finance concentration focuses on budgeting, account management, and financial strategy. Both options serve aspiring government workers at top employers like the U.S. Department of Commerce.
To learn more about MBA concentrations and how they facilitate job growth and earning potential, visit the MBA specializations hub.
Washington, D.C.'s Online MBA Programs
Colleges and universities offering online MBA programs in the District of Columbia may hold national or regional accreditation. Specialized agencies and organizations may award program-specific accreditation for MBA courses, as well.
Three agencies provide accreditation to business programs, all of which hold unique standards and aims. The Association to Advance Collegiate Schools of Business emphasizes research, while the International Council for Business Education works with programs at smaller colleges and universities. The Accreditation Council for Business Schools and Programs assesses teaching excellence, student learning outcomes, and continuous improvement.
To learn more about accreditation and its importance, refer to the MBA accreditation guide.
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