An MBA in finance, what it is, its subjects, benefits & it’s future

When exploring and navigating today’s post-graduate academic & professional degree scene we find that the options are endless. Whether you’re looking to get your next Masters degree in business administration or pursuing a Doctorate in business administration the options are many & extremely useful.

What becomes even more confusing is when you take a deep dive into what specialization and learning modules an MBA has to offer, MBA’s in particular. From Human resources to Finance,  MBA’s it has it all, with the latter being the subject of our article today and one of the most versatile specializations you can go for when pursuing your MBA degree. 

Today we will be explaining what the Finance specialization is all about, its subjects, benefits & what’s the future of financial specialization in today’s modern world, so let’s begin, shall we?.

1) What is an MBA finance Specialization?

As we mentioned before that a standard MBA program has a wide variety of subjects, with the aim of providing its students with all the financial, entrepreneurship & managerial skills needed to run or start a business from A to Z. 

The Financial specialization is one of those aforementioned specializations and is perfect for those interested in a career path in financial institutions, investment banking & any other specialization in finance.

The financial specialization focuses on giving its students a balanced dosage of knowledge pertaining to financial matters, management skills & mathematical rigour. To get the most out of the subjects you will be studying on your MBA a decent level of knowledge in mathematics, economics, financial theory, which all will be covered in you MBA, might prove useful. 

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2) Courses of the financial specialization

Now let’s talk about the expected subjects and courses, that although might differ from one program to the other & according to the entity providing the degree, are usually included in most if not all of them. Here are the expected and standard subjects of the specialization

  • Portfolio management 
  • Hedge fund management
  • Investments
  • Security Analysis 
  • Corporate investment management 
  • Fundraising
  • Collections
  • International Finance
  • Borrowing
  • Small business and corporate finance
  • Disbursements
  • Coverage of different financial institutions, valuation, vitality
  • International Markets & macroeconomics

Throughout your studies and pursuing the degree, you will be utilizing this wide array of subjects in projects revolving around financial modelling, global macro & stock market path products among others. 

3) Why you should Get a Masters in finance

So after you got an idea about the subjects that you will be encountering, comes the most important question of them all, which is why should you go for a masters degree in finance?. Well, aside from your love of math and everything money-related, here are a couple of more reasons why this might be the specialization for you. 

  • Everyone needs Finance

Whether it’s a corner bookstore or a conglomerate of firms everyone needs finance. Every company no matter how small or how big will need to deal with matters such as cash flow, pay salaries, distribute profits. This will also remain the same case whether your an outsider consultant or part of the companies staff. 

  • Stand out & join a constantly evolving industry

Finance as a field and science is generally perceived as a pretty traditional and conventional practice and processes, this, however, is not the case anymore all thanks to the technological developments of our era.

This development facilitated and allowed many financial companies and industry players to achieve breakthroughs in the financial market, payment process and many other aspects that fall into the realm of finance such as SoFi & Stripe. 

Another benefit of choosing this specialization is that many consider it challenging making the fact that you have a master degree in finance is a big plus on your resume.

4) Income & Job Opportunities

The professional paths for the holder of an MBA degree in Finance are many and all rewarding. An MBA in the field has the added value of preparing you for many executive positions within the field here are some of the most positions MBA holders in Finance are headhunted for.

  • Financial analyst
  • Financial advisor
  • Budget analyst
  • Securities, commodities, & financial services sales agent
  • Financial manager
  • Budget analyst

Now let’s talk about the financial part of it for you (pun intended). As per a report by payscale Graduates of an MBA program generally earn an average annual salary of 87,000$ as for those with one in finance, the average annual salary is 97,000$, this, however, Can vary due to years of experience and level of employment.

Another Estimate was presented by the BLS (Bureau of Labor statistics) about US wage estimates in 2018 stated that the annual average salary of all financial managers averages around 146,830$ with an even higher average annual salary of 209,160$ for managers working in securities.

In conclusion, what specialization you choose when pursuing your MBA degree is totally up to you. If you have a thing for mathematics, money, and all that is finance and you feel you have what it takes to assume a managerial position, then pursuing a degree in finance is something you should consider.

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