Finance MBA

Finance MBA

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. One way that some individuals choose to gain these necessary skills is from earning a Masters of Business Administration (MBA) in finance.

Putting an MBA in Finance to Use

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. The MBA in finance is a versatile degree, which allows individuals to work in many aspects of business. If you are interested in working in upper management in a financial capacity, the MBA in finance could be a good option for you.

Where do finance MBA graduates work? There are a variety of occupations in the finance field. Many work as a company’s controller, directing the preparation of financial reports and the special reports required by regulatory authorities. Often finance MBA holders work as treasurers or finance officers, setting the financial goals of an organization.

Some individuals become 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. Another option is to become involved with risk and insurance management, helping to minimize the risks and losses of a corporation. You’ll also find graduates of MBA in finance programs working throughout the financial industry, including banks and mortgage companies.

Versatility of the MBA: Finance Job Outlook

The job outlook for those holding a finance MBA is anticipating a period of 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. Salaries for individuals who have earned the finance MBA vary widely depending on whether the graduate ends up in government, non-profit or the private sector.

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

If you are interested in finance, speed your education forward. Consider an MBA with a finance specialization. Try to launch yourself up the corporate ladder today!