A master’s degree in business can help you gain in-depth knowledge of business fundamentals as well as managerial skills. A master’s degree in business administration (MBA) with a finance specialization can provide you with the financial skills and business acumen required to manage an organization and help it grow and improve. Understanding the scope of an MBA in finance and the various options available after completing this degree can assist you in determining whether this field is a good fit for your professional and personal goals.
In this article, we will look at the opportunities, areas of work, and common job roles that you can pursue after earning an MBA in finance.
MBA in finance graduate Careers Options
Here are some typical careers that can be pursued with an MBA in finance:
- Financial Analyst
The national average monthly salary is $28,810
Primary responsibilities: Financial analysts are primarily responsible for economic forecasting, operational metric tracking, and reporting activities. These professionals typically work for asset managers or investment banks and analyze microeconomic and macroeconomic data to determine an organization’s fiscal health.
- Relationship supervisor
The national average monthly salary is $22,348.
A relationship manager’s primary responsibility is to maintain effective customer relations. Understanding various customer needs and implementing strategies to address them are among the responsibilities of this position. A fundamental aspect of being a relationship manager is making efforts to retain existing customers and developing plans to bring in new potential customers.
- Accounting supervisor
The national average monthly salary is $43,942.
Primary responsibilities: An accounting manager supervises and guides the day-to-day operations of an organization’s accounting department. Among their critical responsibilities are the analysis of accounting data, the production of financial reports, and the facilitation of annual audits. These professionals can also work on accounting data monitoring, developing accounting policies and principles, and ensuring compliance.
- Financial analyst
The national average monthly salary is $43,821.
Primary responsibilities: Business analysts review business operations and take steps to ensure they run smoothly. They use effective strategies to assist organisations in adapting to changing processes and conditions. The most important role of a business analyst is to analyze and interpret what stakeholders require, to understand various project needs, and to pass this information on to teams within the company.
- Finance manager
The national average monthly salary is $46,719
Primary responsibilities: A finance manager’s duties can range from strategic analysis of a company’s financial decisions to tasks such as account preparation. Their daily responsibilities may include conducting research, preparing financial reports, and providing guidance. Other responsibilities could include meeting with department heads, providing back-office services, managing cash flow, liaising with teams, analysing targets, and reporting.
- Chief financial officer
The national average monthly salary is $76,596.
Primary responsibilities: A company’s chief financial officer is responsible for optimizing the financial performance of the organization. This is a high-level position, and the CFO is in charge of the organization’s financial health. They are in charge of establishing finance and accounting teams, ensuring revenue and expense balances, and supervising financial planning and analysis within the organization.
- Bank supervisor
The national average monthly salary is $39,138.
Primary responsibilities: A bank manager is responsible for a variety of tasks that ensure the smooth operation of a bank branch. They are in charge of meeting sales targets, and the bank manager is crucial in keeping employees motivated and well-trained to perform their daily duties. They also use intelligent marketing strategies to promote the branch and its various products.
- Manager of Operations
The national average monthly salary is $38,723
Primary responsibilities: Operations managers manage an organization’s operational activities and ensure that critical tasks are completed on time. These professionals work to maintain and maximize a company’s efficiency levels and may work under operational leadership across multiple departments. They supervise employees in their daily responsibilities, hire and train employees, plan strategies for process improvements, and conduct quality assurance activities.
CONCLUSION
The MBA in finance has a broad scope because it allows students to gain in-depth knowledge about an organization’s financial health. In this course, students will learn about financial planning, accounting, risk management, asset management, and pricing. They learn important skills for the finance industry, such as analyzing company reports, maximizing stock value, balancing risk and profitability, selecting investment portfolios, and forecasting economic trends.
