Why Earn an MBA in Finance?
Earning an MBA in finance is a smart move because it gives graduates an in-demand skill set that combines knowledge of general business and specific financial strategies. The best MBA programs prepare graduates for a variety of jobs in this in-demand area, including leadership roles in the financial sector.
The demand remains high for MBA graduates who have expertise in finance. Job projection numbers show the trend doesn’t look to end anytime soon.
It’s more convenient than ever to earn an MBA in Finance because of online programs that allow students to attend graduate school while maintaining busy personal and professional schedules. With the same level of education taught in traditional, on-campus programs, the online programs have opened the door for more people to better position themselves for a successful career in finance.
Learning the Latest Financial Strategies
Earning an MBA in Finance prepares graduates with the latest tools, techniques and strategies in the financial industry. The highest quality programs give graduates both the skills needed for detailed work in the profession, as well as the ability to approach financial issues from a big-picture perspective.
For example, the online Montclair State University MBA program focuses on a handful of primary student outcomes, including:
- The ability to use benchmarking and performance evaluation to direct investment decisions
- Mastering the principles, methods and mechanics of managing working capital and short-term resources
- Analyzing potential risk and return of futures, forward and swap contracts
- Determining the optimal mix of debt and equity to finance corporate assets.
- Evaluating call and put options and applying hedging strategies in options portfolios
- Identifying potential acquisition targets and assess them using fundamental analysis, discounted cash flow methods and price/earnings ratios.
The core classes are advanced investments, short-term financial management, futures, forwards and swaps, capital structure and payout policy, options market, financial aspects of mergers and acquisitions.
High Demand for Professionals
Here are the numbers for just one possible career path with an MBA in finance. The U.S. Bureau of Labor Statistics (BLS) projects a 11% increase in the number of financial analysts by 2026. In New York, that number is expected to reach 11.7%.
Also, the New York City metropolitan area is the top employer of financial analysts. For those wishing to move to another area, all the top metropolitan areas have large numbers of people working in finance: Los Angeles, Chicago, Boston, Washington D.C., Philadelphia, Dallas, San Francisco, Houston and Atlanta round out the top 10 of metropolitan areas with the highest number of financial analysts.
Both New York and New Jersey rank in the top 10 for mean annual salary for financial analysts at $137,270 and $106,100, respectively.
And that’s just one job. Others include budget analyst, financial examiner, loan officer, management analyst, market research analyst and personal finance advisor.
Preparing for Leadership
One aspect of the Montclair State University program is to prepare graduates for leadership positions in finance. Graduates from an MBA in Finance program have a higher chance of securing positions of responsibility in management.
Some of the potential job titles include:
- Chief finance officer
- Financial controls manager
- Financial manager
- Business systems analyst
No matter your level of ambition or the job title you hope to attain, an MBA in Finance puts you in the best possible position to reach your goal. For those looking to boost their career, it’s a degree program worth considering.