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The corporate ladder is the employment hierarchy of the company, right from the bottom to the upper level. Climbing up this ladder will mean that you move through this hierarchy by promotions and increasing job requirements.
Climbing the corporate ladder can be exciting, yet quite demanding. A few decades ago, it was easier. With a bachelor’s degree, the prospect of a thriving career was secured, and all you needed to do was get a job and continue to work, irrespective of the industry. However, today, the job market has changed, and as a result of many factors, there is a higher demand for employees who intend to progress and make an impact.
We now have more prospective employees who are demanding the same jobs. To be eligible for the role and be promoted, it is important to have qualifications that make you stand out. Regardless of the industry that you find yourself in or intend to pursue, earning advanced degrees is one of the most viable ways of securing long-term success. With an advanced degree, you are exposed to more education, experience, and skills that will help you navigate the intricacies of your career.
If you are considering taking an advanced degree that will make you eligible to climb up your corporate ladder, then read on to see your best study options.
Best advanced degree by industry
There are many different types of advanced degrees that can be obtained, each with its own specific industry in mind. Here is a list of the best-advanced degrees by industry:
According to the US Bureau of Labor Statistics, different healthcare jobs are expected to grow by 18% from now until 2026, making it a faster growing sector than most other industries in the economy.
The current baby boomer population is aging, and the healthcare industry is thriving. As a result, investing in study options to gain more qualifications and experience is an extremely important factor, especially if you have plans to stand the test of time in your industry.
A Master’s in Healthcare Administration (MHA) degree is important for those who intend to climb up the corporate ladder and take on management and leadership roles in hospitals, health systems and healthcare businesses. MHA degree programs typically cover a range of healthcare and business subjects, including leadership, strategic planning, health informatics, healthcare economics, healthcare quality, and much more.
If you are truly interested in scaling up the corporate side of the healthcare industry, then you should consider this degree.
- Business industry
The business industry has always been thriving and will continue to be in the coming years. This industry is extremely versatile, and to remain relevant and climb up the corporate ladder, it is important that you acquire qualifications that will make you distinct in your field.
One of the most relevant degrees that a prospective executive in the business industry can take on is the Executive Doctor of Business Administration (DBA) from Aston University’s Online DBA program, which is designed to create business leaders who are not only knowledgeable in their field but are also skilled in critical thinking, research, and strategic planning.
A DBA degree will give you an edge over your competition, as it is a terminal degree that signifies your dedication to your chosen profession. Moreover, the curriculum of a DBA program is focused on developing your abilities in problem-solving, leadership, and change management — all essential skills for any business executive.
- Technology industry
Currently, the technology industry is ranked in the top five economic contributors in most states in the US. Indeed, technology plays an important role in most sectors today, including advanced manufacturing, transportation, healthcare, energy and education. In no time, AI, the Internet of Things (IoT), machine learning, virtual and augmented reality, and autonomous vehicles will be major players in several other industries and society at large.
Most people believe that programmers and engineers are the most important players in the technology industry. While these roles are very important, a thorough look at the leaders in this industry will indicate that business leaders are the ones that are truly in charge.
For instance, the tech giants today like Apple, Microsoft, Amazon, and the rest have made it obvious that graduates with MBA degrees and robust knowledge in technology are very high on their list of prospective employees. If you are considering climbing up the corporate ladder in the tech industry, you should consider taking an MBA program.
- Retail and e-commerce industry
Lastly, e-commerce has become a thriving industry in the last decade. Irrespective of the fact that it is one of the latest industries in the world today, it is still very important for you to remain qualified if you truly want to scale up the corporate ladder. Indeed, you need to gain experience, deepen your expertise, and build networks to maintain your career objectives.
There are several viable degrees, but a Master of Commerce is a fundamental one that helps you amplify your business knowledge in different specializations and diversify your skillset with future-focused electives.
If you are keen on progressing in this industry, then you should consider a Master of Commerce (MCOM), which is designed for those who intend to advance their careers in business science. This program typically cuts through specializations like finance, international management science, management accounting, forensic accounting, human resource management, investigations, and strategy management.
Final thoughts
Getting the right advanced degree is important when you are planning to climb the corporate ladder. However, it is important to point out that there are many other factors that you need to consider.
Aside from gaining an advanced degree, you should also constantly tap into your network, make your intentions known, make recommendations and stand out within your organization, willingly take on responsibilities and always be ready to learn.
Climbing up the corporate ladder is an admirable goal, but to achieve it, you are required to put in the effort and do it with foresight. It is a journey that will take years, but in the end, it pays off.
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