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What You Need to Know About MBA in Finance Degree

  • Thomas Oppong
  • May 29, 2018
  • 2 minute read

Finance option is among the most popular specializations in MBA. Most students like majoring in finance due to the numerous career possibilities offered. Specializing in finance means that you will get a top management level position in financial institutions, and finance departments in other organizations.

Why MBA in Finance?

Finance is the backbone of every organization and without the department, the functionality of the organization will be affected. This is why demand for finance graduates is always on the rise. It is also the reason why students prefer to specialize in the field.  Studying finance equips students with the right knowledge and skills to work and succeed in a competitive business environment.

Who should pursue MBA in Finance?

MBA-Finance is mostly pursued by students who have a background in business, and especially those who studied a bachelor of business administration at the undergraduate level. But this does not restrict students from other disciplines from pursuing the course. If you have the best analytic ability, love numbers and can work in a highly competitive business environment, then an MBA in finance can best his best option for you.

What do you study in MBA-Finance?

Students who participate in the Master in Finance in Madrid are exposed to different areas of finance including investment, budgeting, costing, international and corporate finance, and securities. After a student masters in all these areas, they are ready to work in the finance department of any institution.

Career options after pursuing MBA in Finance?

Once you have obtained an MBA- Finance degree, there will be many career options available for you. You can become a financial analyst, finance manager, corporate controller, account manager, treasurer, chief financial officer, management consultant, credit manager or an investment banking associate. Other students also prefer to advance their studies and lecture on the same.

Growth prospects after an MBA in Finance

Finance management is wide, and this leads to endless career opportunities in the field. Apart from the high package offered, working in the finance department is exciting and satisfying. Besides, students can also pursue further studies to help them climb the ladder.

After completion of studies, students can work in banks and other financial institutions. Once you have polished your skills through work exposure, you can decide to work with the government, and especially on policy-making issues. Additionally, you can offer government organizations and corporates with policy-making services.

Pay package offered to MBA-Finance graduates

Most students avoid pursuing MBA -Finance due to the high-cost perception. However, the course is actually an investment worth making. If you cannot afford the tuition fees, there are also online courses available that are relatively cheaper and convenient. Besides, the tuition fee varies depending on the school you enroll.

After completion of studies, you will also be exposed to massive career options, and all of them normally come with attractive packages.  Holders of MBA- Finance are known to earn more compared to their counterparts in other departments. This is also another reason why you should consider pursuing an MBA degree in finance.

Thomas Oppong

Founder at Alltopstartups and author of Working in The Gig Economy. His work has been featured at Forbes, Business Insider, Entrepreneur, and Inc. Magazine.

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