MBA Programs in Louisiana
Louisiana is known as a premier tourist destination and a leader in fishing, but that's only the start. According to the Louisiana Division of Administration, the state also sports the highest concentration of crude oil refineries, natural gas processing plants and petrochemical production facilities in the nation and is also home to an emerging technology market. For those graduates of MBA programs in Louisiana who are seeking jobs with the state, opportunities could come from those businesses in the energy or emerging technology field. After all, these businesses might be in need of astute graduates who know how to recognize a new business opportunity when it appears.
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According to the Louisiana Workforce Commission, employment among management pros is projected to grow by just 3.3 percent in the decade ending 2018. However, those seeking an MBA program with an accounting focus could gain some advantage. According to CareerOneStop, a site sponsored by the U.S. Department of Labor, employment opportunities for accountants and auditors in Louisiana are projected to grow by 12 percent between 2008 and 2018.
Business grads could find opportunities in cities housing major Fortune 500 companies, namely Baton Rouge (Shaw Group), New Orleans (Entergy) and Monroe (CenturyLink). Businessweek reports that MBA graduates who face a challenging job market could also look to apply their skills in nontraditional industries that need their expertise, such as K-12 education. Whatever industry you choose, know that an education with one of the business schools in Louisiana could pay off: According to the Bureau of Labor Statistics (bls.gov), the 2010 mean earned wages for management professionals statewide were $85,930, though top executives earned substantially more.
With a high concentration of young adults in its population of nearly 230,000, historic Baton Rouge has a young, cool vibe. It was named the 10th best city for young adults by Portfolio.com in 2010. The city also has become a southern center for a number of emerging industries -- Forbes magazine has included Baton Rouge on its lists of best places for business and careers, job growth, education and business costs.
The city's strong economy depends on both new and established industries. ExxonMobil's Baton Rouge refinery has been in operation for more than 100 years and has grown to be one of the "largest and most integrated petrochemical complexes in the world," according to company information. Today, ExxonMobil employs more than 4,300 people in Baton Rouge and is the largest private employer in the area. Emerging industries there include biosciences and health care, as the Baton Rouge area is home to a number of research hospitals and care facilities. education is also significant to the city's economic well-being, as more than 30 percent of adults there have at least a bachelor's degree, according to the latest census. With such a diverse economy, there could be room for you to establish your career with the skills gained from one of the MBA programs in Baton Rouge supporting you along the way.