MBA in Finance presents great potential and rewarding career in a wide range of industries. Despite the recent financial crunch and economic downturn, Banking, and the whole finance industry has seen large growth. It presents a little more guarantee than other fields. The world struggled with the financial crisis just a decade ago. It is still in continuation in developing countries. But this is the major reason why big brands and companies have started hiring financial managers to analyze, keep track and manage their finances efficiently in such a critical state and demand of financial managers has increased drastically. In addition, the speed of financial transactions and the exchange of information online has to lead to tremendous changes in the financial market all around the world.
Here are some major reasons that MBA in Finance is a great choice:
Focussed and Narrow approach
Finance demands expertise and its focus is narrow yet you always have a chance to explore better opportunities within this domain as it is highly dense and filled with innumerable jobs. According to the modern approach of the 1950s, the scope of finance has become wider since it is not just limited to financial decision making but also the allocation of funds. The role of the financial manager has widened. A degree in finance may also help you to get involved with strategic thinkers and decision makers both inside and outside the company.
Growing Job Prospects
According to The Bureau of Labor Statistics, due to a “growing range of financial products and the need for in-depth knowledge of geographic regions” finance positions are growing faster than the average for employment in the United States. For example, careers in financial analysis are to grow by 23 percent, financial management by 14 percent, and financial advising by 32 percent. The opportunities will continue to present themselves as the economy continues to recover. As a with any major, it’s important to keep a focus on what it’s like in the job market upon graduation and it’s very fortunate that things look promising for those in this major.
Wide Variety of Job Opportunities
MBA in finance presents an abundance of opportunities and with a finance degree you can work in
Corporate management
International financial management
Investment services
Financial planning services
Personal financial planning for individuals and private organizations Brokerage firms
Insurance companies
Commercial and investment banks
Credit unions and private banks
As well as many other financial intermediary companies all employ finance graduates.
In addition to having a wide range of job opportunities, the jobs that present themselves to you will also be very rewarding from a salary standpoint. The job market has undergone some large changes in the past decade, partly due to different technological innovations and partly because of the economy. Finance majors are placed into a very fortunate position that keeps options available to continue to grow unhindered from many circumstances that have impacted others. Conclusively, knowledge of finance will lead to smart management of money at the personal and professional level. It will lead to financial growth in all aspects of your own day to day life.
Financially Rewarding Careers
In addition to having a wide range of job opportunities, the jobs that present themselves to you will also be very rewarding from a salary standpoint.
The job market has undergone some large changes in the past decade, partly due to different technological innovations and partly because of the economy. Finance majors are placed into a very fortunate position that keeps options available to continue to grow unhindered from many circumstances that have impacted others.
Conclusively, knowledge of finance will lead to smart management of money at the personal and professional level. It will lead to financial growth in all aspects of your own day to day life.