The influence of commerce is visible in every aspect of life. Finance is the most influential factor in every sector. One of the most interesting facts about the commerce sector is that it’s not stagnant. The government keeps introducing new bills and reforms, hence new rules that people working in the accounting and finance sector must adhere to, one of the main reasons to make a career transition to the finance sector. Hence, an MBA in finance is at the top of the list. A popular career path for MBA graduates, finance is known for its high salary packages and huge career growth opportunities. Find out what MBA in Finance is, its scope and more.

What is an MBA in Finance?

Master of Business Administration in Finance includes a wide array of topics. General MBAs include nearly one graduate-level course in various business disciplines; MBAs with concentrations impart a greater depth of study in one area.

MBAs in finance tend to begin parallel to other MBAs, with core courses in a compass of business disciplines. For example, MBAs’ most common core courses include managerial accounting, financial accounting, data analytics, strategic thinking, operations management, or logistics, etc.

As you go through the MBA core courses, you will progress towards pursuing concentration courses. Students often take 3-5 topics in finance concentrations, depending on the program. These courses are corporate restructuring, international markets, corporate budgeting, advanced financial management and investment analysis. Now that we know what MBA in Finance is, let us look at the scope of the same.

The scope of MBA in Finance

The scope of an MBA finance is tremendously towering, as this postgraduate degree enables learners to gain deep knowledge about an organization’s financial health and well-being. Students can master accounting, financial planning, risk and asset management, and pricing in this degree course. In addition, students learn key skills indispensable for the finance industry, like surveying and analyzing company reports, maximizing stock value, stabilizing risk and profitability, nominating investment portfolios, and speculating economic trends.

After knowing what an MBA in Finance is and contemplating the scope of it, an individual can work in fields like investment banking, taxation, hedge fund management, tax planning, asset finance, insurance management, reporting and financial statement analysis. Jobseekers can aim and seek employment in both the private and government sectors. The candidate can also start their own business and enter the realm of entrepreneurship. Jobseekers can traverse job profiles like accounting manager, investment banker, financial analyst, credit manager and consultant to have an enriching career in the financial sector.

Common careers options on the table

Financial Analyst: Financial analysts mainly work on economic speculations, keeping track of operational metrics and reporting activities. Financial analysts’ understood responsibilities are data mining and market research, recognizing trends and taking actions based on analysis of past results. It all comes down to investigating microeconomic and macroeconomic data to understand the organization’s fiscal health. 

Accounting Manager: In an organization, an accounting manager supervises the daily operations of the accounting department. Analyzing accounting data, enabling annual audits and producing financial reports are some critical tasks in their job profile—the maintenance and documenting of fiscal records and files. The nature of work requires close attention to detail, organizing skills and leadership skills.

Business Analyst: Reviewing business operations and taking measures to ensure it runs smoothly is the primary job of a business analyst. They help organizations adjust to the ever-changing processes and conditions by providing constructive strategies, understanding various project needs and interpreting the stakeholders’ requirements. Passing this information down to the respective teams within the company for effective actions is the most crucial part of their job profile.

Finance Manager: From a strategic analysis of a company’s financial decisions to preparing accounts, a finance manager’s responsibilities are complex. Performing research, producing financial reports and providing guidance are some of the daily duties included in their job profile. Insight offering regarding an organization’s financial health is the overall stretch of their work.

Chief Financial Officer: In a high-ranking role, the CFO is responsible for optimizing the financial performance of an organization. Building finance and accounting teams and warranting a balance between expenses and revenues are some of the duties that fall under their profile. In addition, they work with department heads and supervise financial planning and analysis in the organizations.

Bank Manager: A bank manager executes various tasks to ensure the well-ordered running of a bank branch. They manage to meet sales targets, and the bank manager plays a key role in keeping staff persuaded and well-trained to carry out their daily responsibilities. They also work to promote the branch and its various products, ensure a high level of customer service and provide optimal and timely resolution to concerns.

MBA in Finance with Online Manipal

Online Manipal provides a Master of Business Administration in Finance course in partnership with Manipal University Jaipur. Pursuing this course will help you rise in the corporate hierarchy. The course structure is designed to hone your skills in the finance field and help you implement beneficial strategies to generate more business and growth. MUJ’s experienced faculty are industry experts and will support and encourage your growth as an individual as well as professional. Elevate your career today and join MBA in Finance at Online Manipal. 

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