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Benefits of an MBA in Finance

An MBA, or master of business administration, in finance can offer many job opportunities with companies and government organizations because ideas need financial backing to happen. An MBA also helps employees stand out because competition in the business world is fierce. MBAs in finance also provide opportunities to advance careers, start your own business and give essential managerial learning skills that can be applied in many other business-related careers.

Careers

For those who earn an MBA in finance, they develop skills suited for management and professional duties. These duties can lead them to jobs that involve looking through income statements and balance sheets and the preparation of financial reports. Or they can attain financial director jobs, which include the responsibilities of financing goals and setting budgets. They can also have jobs in credit management where they would oversee a firm's finances.
Career Advancement
An MBA in finance looks good on a resume and shows that a student has advanced knowledge in finance. Because financing is a large part of managing a company's assets, MBAs in finance are in high demand. Companies also prefer that their top management positions be filled with those who have an MBA. Also, having an MBA in finance increases the marketability and versatility of what careers you can choose, so work experience can be plentiful.
Entrepreneur
An MBA in finance can be a great asset for those who want to start their own business. While MBAs in business are great for learning essential business and managerial skills, an MBA in finance teaches advanced knowledge of financial skills. These can include accounting, economics, banking and market structure, which are essential for the operation of a business.
Versatility
Those with an MBA in finance are needed by companies and organizations that require financial consultation, which is every company and organization. This means that financial MBAs can be found in firms, new companies, established companies, charity organizations, government agencies and school institutions. And while one organization may have different goals and perspectives when compared to another, the principles of finance remain the same.
Salary
According to the MIT Sloan School of Management, class of 2008 students who attained finance careers had an average salary of $105,146, a median of $100,000, and a range of $35,000 to $142,000. Some of the careers related to finances include investment banking investment management, and sales and trading.

Benefits of an MBA in Finance

Careers

Career Advancement

Entrepreneur

Versatility

Salary