Can an MBA Boost Your Career in Finance?
Over the past few years, the Master’s of Business Administration (MBA) has been the go-to postgrad degree option for anybody who is hoping to pursue or improve a career in business, management, consultancy or technology.
However, there has been a recent increase in MBA graduates going into a financial career, with around 30% of graduates from some of the top U.S. business schools continuing onto lucrative careers in the finance sector. If you’ve recently graduated with a finance-related bachelor’s degree or are currently working in the financial industry, a finance-driven MBA could be the perfect way to further your career.
#1. They’re Easier to Obtain:
Today, obtaining an MBA has never been easier with several options to choose from that you can work around your current commitments. Even if you’re juggling a full-time job, running your own business, paying off a mortgage or raising a family, online and distance-learning options give you the additional layer of flexibility that allows you to tailor your studies to suit your commitments and work them around everything else that is important to you in life. And, with a growing number of online MBA options available, there’s a higher chance that you can get a degree from the institution of your dreams at a fraction of the price than what you’d pay for a traditional campus-based program.
#2. More Niches Are Available:
You’ll study all of the traditional core MBA modules as part of your degree, including management, strategy, marketing, and consultancy. However, many schools are also adding finance to the MBA degree program as a core module. Typically, you will be learning about corporate finance, which will include key topics such as capital budgeting, increasing shareholder value, capital structure, appraising financial decisions, and much more. Plus, students who are set on using an MBA to further their financial careers can opt for an online finance MBA that places the main focus on this topic above everything else.
#3. Management Level:
The key difference between studying for an MBA and other finance-related postgraduate programs is that it is designed to provide students with the relevant knowledge and skills required to work at a management level. As a result, studying for an MBA in finance becomes an ideal choice for anybody who is currently working in an entry-level role or has recently graduated with a finance-related bachelor’s degree and is looking to boost their career and work their way up to the top in the finance industry. Whether you’re working for a bank or in the accountancy department of a business, studying for a finance-based MBA degree will make you a better candidate for promotion to upper-level positions with more responsibility and bigger earnings.
#4. Entrepreneurship Opportunities:
If your ultimate dream is to start your own company in the finance industry, such as a self-employed accountant or financial advisor, a finance-centered MBA is an ideal qualification to gain. If you’re pursuing being your own boss in the finance sector, an MBA program will provide you with the key foundations that you need for successful entrepreneurship, along with the additional financial knowledge that you will need for success.
#5. Globally Recognized:
Last but not least, studying for an MBA provides you with a qualification that is well respected, sought after, and recognized around the world. As a result, having this qualification on your resume means that when it comes to financial opportunities worldwide, you’re a prime candidate. Whether you want to work in finance overseas, travel the world, or set up your own company abroad as a financial advisor, an MBA provides you with the best foundations to pursue and meet these goals. And with online study now more readily available, you have a larger chance of getting your MBA from a globally recognized, respected business school. There are also more options for electives and specialized MBA programs available, giving you a better chance at earning a degree which is designed to provide you with the relevant knowledge and skills for success in a finance career anywhere in the world.
Those pursuing a career in the finance industry have many reasons to consider taking an MBA. With this universally recognized and respected qualification, there is not only the option to select financial elective topics, but many business schools will also offer MBAs that are designed to focus on finance. In addition, it will provide you with the opportunity to learn invaluable entrepreneurship, management, and business skills that you can apply to your career.