MBA in Finance

No matter what an organization is – corporation, non-profit, or governmental agency – someone has to manage the budget to keep the operation running successfully. Most organizations prefer to have someone with experience, knowledge, and an expansive understanding of money management doing the job, and that person is usually holding a Masters of Business Administration (MBA) with a specialization in Finance.

The MBA is a graduate level degree that normally takes two years to complete. There are a variety of MBA specializations, but the Finance MBA is one of the most popular – and for good reason. MBA in Finance are in high demand and command substantial salaries, and work in all aspects of business. If you are interested in working in upper management in a financial capacity, the MBA in Finance is ideal for you.

What do Finance MBAs do? You’ll find these graduates working in a variety of occupations. Many work as a company’s controller, directing the preparation of financial reports as well as the special reports required by regulatory authorities. Many Finance MBAs also work as a treasurer and/or finance officer, setting the financial goals of an organization. Some work as credit managers, overseeing the issuance of credit and establishing credit-rating criteria. Others work as cash managers, monitoring and controlling the flow of cash receipts. Others work as risk and insurance managers, helping to minimize the risks and losses of a corporation. Lastly, you’ll find MBAs in Finance working throughout the financial industry including banks and mortgage companies.

With the changes in legislation and governance rules for most organizations, the role of the financial manager has taken on additional responsibility. Additionally, advances in technology have made the job both easier and more complex. An MBA in Finance provides you with the knowledge base you need to be of the utmost service to your organization, wherever you end up working.

The job outlook for those holding a Finance MBA is outstanding, anticipating a period of 25% growth in the coming decade, even in the current economic climate (according to the Bureau of Labor Statistics). This does not mean that there won’t be fierce competition for the best jobs, however. Thankfully, the salary is worth it: the average Finance MBA graduate earns over $60,000 immediately with salaries topping out between $150,000 to $200,000 a year. Salaries vary widely depending on whether an MBA in Finance graduate ends up in government, non-profit or the private sector.

If you are interested in finance, and want to speed your career forward, consider an MBA with a finance specialization and launch yourself up the corporate ladder today!