7 Reasons: Why To Choose MBA In Finance

Why Choose MBA in Finance

Whenever we think of ‘finance’, we start thinking of numbers. While number-crunching is the core of finance, it is not limited to it. Today, an MBA in finance is often the most preferred choice amongst aspirants across the globe.

The primary reasons why so many opt for this field is that it offers excellent earning potential and rewarding career options in a variety of industries. The domain has witnessed significant growth despite the economic downturn, so it’s safe to say that it is a little more secure than other ones.

If you are on the fence of applying to an MBA in finance, we have curated the top seven reasons that might help you make an informed decision. Also, we have an in-depth blog on everything you need to know about MBA in finance, including the scope, syllabus, admission procedure, eligibility criteria, and more. So, don’t forget to go through that as well.

Here are 7 Benefits to Consider MBA in Finance

Given the benefits that this stream offers, there are more than seven reasons why studying finance is a smart choice for potential students like you. But to help you come to an informed conclusion, we have compiled a list of the most pertinent reasons to help you decide if this MBA specialization is the right one for you.

1. Finance is everywhere

It doesn’t matter if you are interested in advertising, teaching, or even consulting. Every company you work with will need cash flow to do regular activities such as pay everyone’s salary, distribute dividends, reinvest in product innovation, and more.

Considering its importance in every type of business, sound knowledge about it will help you make a valuable contribution in making decisions for your company. So, by opting for this field, you won’t just have to stick to working for banks and other financial organizations; in fact, you can work in any and every company’s finance department.

2. Get a chance to stand out

Finance can be intimidating for many. So, if you are looking for ways to differentiate your resume from a huge pile, a managerial degree in finance is a good place to start.

If youre entering the workforce as a fresher, showing you have extensive business knowledge before youre even in the field can make you a more attractive candidate. This is especially relevant in non-finance areas, where financial education is not that common but no less fundamental to running a successful business.

3. Work in an ever-evolving Industry

This field was indeed known to use conventional practices and processes for a long, long time. However, with the advancement in technology, the world of finance has grown beyond traditional big banks.

International companies like SoFi, Stripe, and Coinbase have revolutionized student loan financing, payment technology, and growth of cryptocurrencies, respectively. By choosing this specialization, you keep up with the growing field of financial technology, also known as fintech.

4. Focus on holistic growth

Today, a business degree has become really common; almost every second candidate has it. But, to make a career in finance, you need more than just a degree. Along with in-depth knowledge about this domain, you must be good at talking to different people, explaining complex data, convincing your business proposals, and more.

Keeping all these requirements in mind, an MBA in finance is designed in a way that will help you enhance different skills which are not just related to accounting or mathematics. This will eventually help you evolve into not only a finance expert but a better professional overall.

5. Explore varied financial sectors

This field is booming without a doubt. This means that students interested in choosing this field have several options to explore. As this domain is vast, you can decide to work in areas such as:

• Brokerage firms
• Insurance companies
• Commercial and investment banks
• Credit unions and private banks
• Corporate management
• International financial management
• Investment services
• Financial planning services
• Personal financial planning for individuals and private organizations

6. Several job opportunities

An MBA in Finance equips you with the skills and expertise to prepare students for advanced leadership and management positions. Some specific job titles for a graduate with an MBA in Finance may include:

• Financial advisor
• Financial manager
• Financial analyst
• Budget analyst
• Securities, commodities, and financial services sales agent
• Cash Managers
• Investment Banking Associates
• Credit Managers & Specialists
• Corporate Controllers

7. Financially rewarding

A finance expert needs to know how to be good at numbers, think strategically, be able to work under pressure, and be an effective communicator. Today, it is not easy to find such a comprehensive skill set. Hence, people working with financial institutes are known to earn an attractive salary package.

Summary

Money, growth, and stability is at the crux of a career in finance. If you want to build a career with all these elements, it is time to seriously consider an MBA in finance. Hopefully, by now you have a brief understanding of how this specialization will benefit you.

Start Your Career in Finance with ASMs IBMR

If you are willing to reap the many benefits of masters in finance, consider applying to our MBA program with this specialization. To know more about our course, fill the enquiry form on the website or get in touch with our counsellors who will be happy to answer all your questions.