An Mba In Finance Can Open Many Doors
While financial professionals as a whole may have taken a bad rap recently in the financial crisis
, it is difficult to deny they play an important part in the worlds economy. You may not agree with how some of the larger financial firms have acted recently, however; it should still be easy to see how great a role the financial sector plays in our daily lives. You may also recognize that it takes highly intelligent and skilled professionals to conduct, analyze, and organize many of the transactions and processes involved in this industry. You may even find yourself a bit jealous at how well these financial gurus understand the tricks of the trade and how to profit from this knowledge. If you would like to become one of these skilled professionals, it may behoove you to consider getting an MBA in finance.
Coursework
You may have a general idea of what coursework you would be undertaking when obtaining your MBA in finance, but arent sure exactly. The courses youll be taking will likely be different depending on the program or institution with which you decide to undertake your education, however; many courses offer similar subject matter. Dont be fooled though. While it might seem like a role in finance might have you playing with other peoples money, buying and selling stocks or analyzing risky investments, there is often a large amount of responsibility involved with the work and plenty of knowledge that goes into making many financial decisions. Coursework may require a more analytical approach to certain decision-making processes while at the same time calling for highly refined math skills and the ability to utilize difficult formulas and calculations to find solutions to financial issues.
Here are examples of some of the subject matter you may encounter during your education that may help you with these processes.
* Corporate finance/strategy
* Security trading
* Risk analysis
* Commercial and investment banking
* Financial management
* International finance
* Portfolio analysis
* Asset valuation
Job Options and Opportunities
In many financial roles, youll likely find that confidence plays an important role. Not only will you likely need to be confident in the decisions you are making, which could affect the success of not only you and your business, but those of hundreds, even thousands of investors as well, but those who are investing their money with you will desire confidence in your abilities as well. This is one of the advantages that you may discover comes with having an MBA. With the credentials of an MBA behind you, it may be easier for those working with and around you to find this confidence, and feel more at ease with your decision-making abilities. This confidence may also lead to better jobs or career opportunities.
Whether you end up working as a controller, CFO, director of finance, financial manager, financial planner, commercial banker, investment banker, risk manager, or in a similar or related position, there are plenty of options when it comes to various careers.
Pay
With the range and scope of finance related jobs and salaries, it can be rather difficult to pinpoint an exact pay range for those with an MBA in finance. Then there are often bonuses that come into play as well, which can push yearly earnings even higher. The US Bureau of Labor Statistics May 2008 National Occupational Employment and Wage Estimates manages to put a number on a variety of average salaries ranging from financial examiners, to personal financial analysts and financial specialists and others, with salaries from the low $60,000 area up to the $90,000 range, and finance managers making an average of $110,640 a year. With some CFOs of major corporations making millions of dollars and financial employees in other sectors bringing in well under that amount, the scope of the financial sector pay range can be exceedingly large.
If you're ready to take on the challenges of management education, take a look at all the schools that offer an
online mba degree and get started by requesting more information from them.
by: Kris Calhoun
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