MBA in Finance
An MBA with a specific focus on finance allows you to specialize in financial management. As Finance MBAs are quite famous, you can pursue one in some of the most prominent universities in the world. In addition to this, finance is quite a promising field and an excellent option if you are a critical thinker and great at stress management.
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A career in finance does not mean you stop learning once you obtain specific certifications. You will have to adapt continuously to the ever-changing market by learning and implementing new knowledge. Finance MBAs combine general business with finance-specific courses, which equip you with the necessary knowledge and skills to succeed in this business area.
Why MBA in Finance?
An MBA degree in Finance gives you global employment prospects. Considering the popularity of the field and that companies are constantly looking out for financial professionals, finding a job after graduation will be easier.
Additionally, an MBA in Finance offers the following:
Career Variety
An MBA in Finance allows you to choose between various job positions. In addition to career variety, building a career in finance will place you among the top highest-paid professionals.
Job positions you can take with an MBA in Finance include but are not limited to the following:
| Job Position After an MBA in Finance | Average Yearly Salary |
|---|---|
| Operations Manager | US$ 96,200 — US$ 124,600 |
| Business Analyst | US$ 73,000 — US$ 90,000 |
| Budget Analyst | US$ 55,500 — US$ 70,400 |
| Financial Analyst | US$ 57,500 — US$ 81,000 |
| Financial Manager | US$ 95,400 — US$ 143,600 |
| Chief Financial Officer (CFO) | US$ 130,000 — US$ 500,000 |
| Risk Manager | US$ 93,000 — US$ 142,000 |
| Corporate Controller | US$ 55,300 — US$ 166,000 |
| Management Consultant | US$ 65,000 — US$ 92,000 |
| Bank Manager | US$ 53,600 — US$ 73,200 |
Skill Development
A career in finance requires a range of skills. As financial jobs carry high pressure, demand tight deadlines, and analytical skills, an MBA in Finance helps you develop the following skills:
- Time management
- Critical thinking
- Problem-solving
- Attention to detail
- Investigative skills
- Communication
- Presentation
- Business awareness
High Salary
An MBA in Finance gives graduates a high earning potential. Salaries for graduates of the MBA in Finance may vary. For example, working in developed countries or large cities results in higher salaries. Having years of work experience is an additional factor that impacts salary potential. Employees with excellent job performance also tend to make more money.
Depending on these factors, with an MBA in Finance, you can earn:
| Country | Average Annual Salary |
|---|---|
| Switzerland | CHF 127,000 (US$ 137,400) to CHF 403,000 (US$ 436,000) |
| United Kingdom | £73,100 (US$ 87,950) to £233,000 (US$ 280,340) |
| United States | US$53,000 to US$281,000 |
| Australia | AU$ 69,000 (US$ 45,400) to AU$ 140,000 (US$ 92,160) |
| France | €44,000 (US$ 46,830) to €144,000 (US$ 153,270) |
| Canada | CA$ 116,000 (US$ 83,730) to CA$ 380,000 (US$ 274,290) |
How Long is an MBA in Finance?
Generally, an MBA in Finance is a 2-year course if studied full-time. However, the timeline can differ if you choose to study part-time or online. Business schools determine how long your MBA in Finance will be, so you can expect differences in degree duration.
MBAs in Finance are a mix of finance and management. The program includes subjects related to financial risks, capital budgeting and investments, business analysis, stock market, trend forecasting, and not only.
Generally, an MBA in Finance includes the following curriculum:
- Macroeconomics and Business Environment
- Principles of Economics
- Business Statistics
- Advanced Marketing
- Financial Functions
- Financial Management
- Theories of Capital Structure
- Capital Budgeting
- Portfolio Analysis
- Derivative Securities
- Statistics for Business
What is the Eligibility for an MBA in Finance?
Meeting the admission criteria for MBA programs is essential for securing a spot at your chosen university. All applicants applying for an MBA in Finance must meet the minimum requirements set by their chosen university.
Most business schools list the following as part of the admission requirements:
- Completed Bachelor’s Degree
- A Minimum of 50% Marks or Minimum Required GPA
- Work Experience (2-5 Years Depending on the University)
- CAT, GMAT, MAT, or other Test Scores
Which Country is Best for an MBA in Finance?
Due to the great job opportunities an MBA in Finance offers, pursuing one makes an excellent career option. Some of the best countries to pursue an MBA in Finance include the following countries:
- The United States
- United Arab Emirates
- Germany
- The United Kingdom
- Japan
- Switzerland
- Canada
- Australia
- China
Master’s VS MBA in Finance
Master’s degrees and MBAs in Finance differ in several aspects. One of the main differences between a Master's and an MBA in Finance is salary potential. Someone with an MBA tends to have a higher salary than someone with a master’s in finance. This is partly because MBA candidates must have work experience before entering the program.
See below for an overview of the differences between Master’s VS MBAs in Finance:
| MBA VS Master’s in Finance | MBA in Finance | Master’s in Finance |
|---|---|---|
| Duration | 2 Years | 1 - 2 Years |
| Work Experience Required | 1 — 5 Years | None |
| Tuition Cost | US$ 70,000 — US$ 100,000 | US$ 19,800 — US$ 74,000 |
| Salary Range | US$ 53,000 — US$ 170,000 | US$ 40,000 — US$ 85,000 |
Which is Better, MBA in Finance or Human Resources?
MBAs in Finance and Human Resources number a set of differences among them. Working after an MBA in Finance will make you responsible for a business's financial aspects. An MBA in Marketing, on the other hand, will have you responsible for the administration of an organization's human capital.
See below for the differences between an MBA in Finance and an MBA in Human Resources:
| Comparison | MBA in Finance | MBA in Human Resources |
|---|---|---|
| Duration | 2 Years | 2 Years |
| Job Positions |
Operations Manager Business Analyst Budget Analyst Financial Analyst Financial Manager Chief Financial Officer (CFO) Risk Manager Corporate Controller Management Consultant Bank Manager |
Human Resources Manager Human Resources Executive Technical Recruiter Employee Relations Manager Training Manager Staffing Specialist and Planning Industrial and Labor Relations Human Resources Specialist IT International HR Professional |
| Average Yearly Salary | US$ 53,000 — US$ 117,000 | US$55,300 — US$126,000 |
Which is Better, MBA in Finance or Marketing?
Finance and Marketing MBAs overlap in many ways. Whichever field you choose, you must keep up with the economic changes and trades.
In today’s job market, it might be easier to find a job in marketing rather than finance. Ultimately, choosing the best option between the two falls upon you and your career aspirations for the future.
See below for the differences between an MBA in Finance and an MBA in Marketing:
| Comparison | MBA in Finance | MBA in Marketing |
|---|---|---|
| Duration | 2 Years | 2 Years |
| Job Positions |
Operations Manager Business Analyst Budget Analyst Financial Analyst Financial Manager Chief Financial Officer (CFO) Risk Manager Corporate Controller Management Consultant Bank Manager |
Director of Marketing Digital Marketing Director Public Relations Specialist Market Research Analysis Product Marketing Manager Advertising and Promotions Manager Chief Marketing Officer |
| Average Yearly Salary | US$ 53,000 — US$ 117,000 | US$ 75,000 — US$ 140,000 |
