How An MBA Can Leverage Non Profit Careers
Some of the highest paid non profit careers and the degree needed to get them might surprise professionals who have not considered the wealth of positions and wealth of income that are available in this industry. A recent ranking done by Forbes based on information from the Bureau of Labor Statistics has found that non profit positions in education, healthcare, advocate groups, service groups and more can be lucrative alternatives to the traditional business world. For those seeking more meaningful employment, non profit careers could be a viable avenue.
MBA Critical for Non Profit Career Advancement
For anyone who seeks to advance in a non profit, an MBA is an impressive component that can lead to upper level positions with higher pay. Non profit workers in management jobs typically earn $61,499, according to the Bureau of Labor Statistics, but could earn as much as $166,144 by advancing to higher positions and furthering their education.
A Non profit MBA works to instill the type of leadership qualities in managers that non profits rely on for their organizations to succeed. These programs have a specific focus on the delicate nature of the non profit business world and focus on establishing the type of sensitive management skills that non profits seek. Professionals wondering about how to land non profit careers and the degree needed to get them should look no further than a concentrated Non profit MBA program.
How Non Profit Careers Work
Even though non profits operate similarly to regular businesses, they are treated differently than other organizations, which introduces special business skills in order to ensure they are run effectively. Organized management systems are necessary to the survival of non profits. Leaders in these organizations must supervise in such a way that they create a perfect balance of money taken in and money used by the organization to retain its non profit status. Most non profits have to publish the intricacies of their funds, so not only do managers have to contend with government regulations but with industry watchdogs as well. A non profit manager lives under constant scrutiny and must be able to handle that pressure gracefully for the sake of the organization.
For most, being involved in the selfless sort of activities that non profits conduct is the biggest draw toward non profit careers. By finding an organization with goals that align with the professional’s personal ideals, they have a uniquely gratifying sense of accomplishment that not everyone in the business world can completely empathize with. Because of this personal reward system, non profits can be the most satisfying career path for MBA degree holders.
Most Common Non Profit Careers
Just as corporations, governments and individuals require the services of business-minded professionals, non profits have similar needs and expectations of their managers. Although there is no profit, there is still money to be managed and personnel to be paid. The salaries offered by non profits must remain competitive in order to keep a competent staffing pool.
Common non profit careers are found in working with charities, private organizations and trade unions, an include positions like social workers, librarians, administrators, healthcare providers, educators, counselors and, of course, managers. Read our article on Nonprofit Salaries for a more complete guide to increasing your salary. On average, careers yield the following salaries:
Social Service Specialist: $39,950
Social Worker: $48,180
Health Educator: $48,590
School Counselor: $53,540
Training and Development Specialist: $54,372
Administrative Manager: $54,704
Public Relations Manager: $57,701
Non Profit Careers Can Provide More Stability and Pay
Non profits account for almost 6 percent of the workforce in the United States, according to the Bureau of Labor Statistics, which comprises close to 9 million workers in total. It is not unusual for professionals to be under the false impression that non profit careers offer lower salaries than their for-profit counterparts, but in many cases, non profits actually pay higher wages because unlike private businesses, non profits benefit most by having consistent expenses. So, if a non profit wants to ensure that its budget remains the same, it will keep salaries at a higher rate to benefit from a higher budget. Non profits also appreciate the benefit of retaining qualified and talented employees who are more likely to stay in a position if the pay is high. If they were to hire someone at a lower pay rate, their budget would be cut, and then they are in danger of losing that employee to a better paying organization, so it’s in their interest to keep employees happy so they don’t leave the organization.
This is not always the case, however. Sometimes non profit careers can in fact yield lower salaries. The difference, however, is that the personal reward from the work and the benefits of working for a cause that one believes in is sometimes valued higher by non profit workers than a higher paycheck. Additionally, non profit careers can also benefit workers because often the hours are flexible and the benefits packages are better.