MBA in Finance: The Ultimate Guide | CBU Ecampus

MBA in Finance: The Ultimate Guide

MBA in Finance: The Ultimate Guide

MBA in finance student holding papers

MBA in finance guide

Money makes the world go round, and finance managers are spinning the wheel.

An MBA specialization in finance is priceless for those considering money-related careers post-graduation as going into this field will require you to have strong skills in mathematics, economics, and financial theory, all of which are covered in great detail in an adequate MBA finance online program.

MBA in finance study programs balance mathematical strictness with management theory, thus being a good catalyst for your career towards c-suite jobs in finance. 

The outlook for jobs in the financial sector is rather promising as the employment rate is projected to grow 7% from 2018 to 2028, which is faster than average.

Strong demand for accountants and auditors will continue to be fueled by the growing economy, globalization, and a complex tax and regulatory environment.

Also, it’s predicted that the demand for market research analysts will stay on the rise thanks to the increasing usage of data and market research for evaluating marketing strategies and understanding customers and product demand.

For those who are interested in securing lucrative jobs and building a successful career, we have put together an MBA in finance online guide, to provide you with in-depth information about this study program.

What is an MBA in Finance?

An online MBA in finance is a postgraduate study program that contains a group of courses teaching management, control, and review of the collection, investment, and resources of money. 

This study program opens up various opportunities for students in the financial world enabling them to forecast economic trends, analyze the company’s reports, balance risk and profitability, and maximize the stock values.

What is The Scope of an MBA in Finance?

Virtually every industry needs help regarding maintaining their capital’s balance, and that’s where finance managers step in.  

The demand is even greater right now as we’re about to face all the consequences of the recent pandemic.

It is the recurring pattern that the tide of financial crisis creates vast job opportunities as enterprises and financial institutions start hiring financial managers and analysts to secure their assets and help them improve their bottom line. 

Graduates of online MBA in finance programs are qualified to work in both public and private sectors in banking or non-banking roles. They can be a part of the large corporations, stock market, finance ministry, or run their own business. 

Which is Better: MBA in Finance or MSc in Finance?

Those looking to get into a career in finance are often choosing to continue their studies by earning an MBA in finance, and their alternative for this study program is an MSc in finance.

As both study programs offer the potential for high-paying career opportunities, students are left to make their decision based on the programs’ curriculum. 

An MBA in Finance program focuses on topics such as management, communications, marketing, business leadership, and organizational behavior, preparing students for senior-level and management jobs in the financial sector.

On the other hand, MSc in finance program revolves around technical and operational competencies in the field, with classes closely related to mathematics having an advantage over studying management skills.

While finance MBA training prepares students to take on a variety of roles, especially leadership positions in the finance sector, the MSc in finance program is targeted at candidates with previous experience as well as those looking to move into specialized technical roles such as trading, investments, or risk management. 

What Can You Do With an MBA in Finance?

Finance MBAs have a time-tested appeal in a variety of organization types and thus can prepare you for a wide range of roles, from low-level managerial positions through the C-Suite, both in and out of the field of finance. 

Careers in finance can vary from business to business, but overall they typically include asset management, corporate finance, investment banking, sales and trading, personal finance, and insurance.

What Are The Jobs After an MBA in Finance?

A career in finance has numerous well-established career paths and some of the job positions available to online MBA in finance graduates include:

  • Financial Advisor
  • Finance Manager
  • Investment Banker
  • Hedge Fund Manager
  • Management Consultant
  • Portfolio Compliance Specialist
  • Credit Manager 
  • Senior Financial Analyst
  • Chief Financial Officer
  • Corporate Finance

The job duties of a financial advisor consist of providing clients with the best investment advice on the products available in the market to help them make the most out of their investment. 

Finance managers are in charge of overseeing activities such as directing investments, developing strategies and long-range plans, preparing financial reports, and developing financial procedures according to organizational objectives.

The role of an investment banker is based on connecting the businesses that need financing with the investors who are willing to fund them in the form of bonds or stock. 

Hedge fund managers are in charge of conducting the financial investment plans that rely on the company’s pooled funds, ensuring maintenance of a given risk/reward ratio.

The responsibilities of management consultants include solving issues, creating value, maximizing growth, and improving business performance within an organization. 

Portfolio compliance specialists monitor and review an organization’s trading activity for regulatory and compliance issues. Their overall goal is to ensure that an organization complies with all accounts and funds

The job duties of a credit manager consist of optimizing company sales and reducing bad debt losses by maintaining the credit policy through assessing the creditworthiness of potential customers and conducting periodic reviews of existing customers.

Chief financial officers are responsible for regulating an organization’s day-to-day financial operation. They coordinate the actions of the accounting and finance department according to established objectives to ensure that fiscal responsibilities are met on all levels. 

The work of the vice president of corporate finance revolves around developing financial operating reports and coming up with investment strategies needed for maximizing the shareholder’s interest.

How Much Can You Earn With a Finance MBA?

Going down the finance career route has proven to financially benefit many as there are plenty of opportunities for getting that six-figure check.

The average salary of a Chief Financial Officer can go up to nearly US$150,000 per year, while investment bankers can make around US$105,000 annually, according to PayScale.

Financial advisors’ annual salary is typically around US$65,000, but the most successful ones can earn up to US$160,000 per year. The same goes for the financial planners that earn more than US$90,000 on average, while top earners can make over US$200,000.

Final Word

The overall conclusion is that there are plenty of career opportunities for online MBA finance graduates.

What they need to do to achieve success is to remain focused throughout their journey and to soak-up valuable knowledge whenever possible as “knowledge is the new currency.”

If you need to keep up with your current commitments of job and family, earning your MBA in finance online may be the best solution for you.

You can learn more about this option by downloading our free prospectus.

Don’t hesitate to contact us for any additional questions as we’ll be more than happy to help you.

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