Getting An MBA to Propel Your Finance Career

So, you’re interested in working in finance. There are hundreds of potential roles to discover. Getting an MBA could help to propel you into a finance career.

If you want to run one of the best funds to invest in, you might choose to become a fund manager. If you enjoy analysing the financial statements of companies, you could become a financial analyst. If you like picking the best companies to invest in, you could try your hand by becoming a financial adviser.

This is just the tip of the iceberg, books about private equity, venture capital, banking, mergers & acquisitions, economics, portfolio management and financial management will all help to elaborate on the varied types of careers available in other areas of The City or Wall Street.

Maybe you already have an undergraduate degree, or maybe you’re starting at the beginning of your life plan. The financial industry has success stories from investors who were self-taught, but they aren’t the norm. What degree is best for pursuing your career in finance? For the most part, the most versatile and helpful degree will be a Master’s in Business Administration. This specialized degree can even edge out pure finance degrees when it comes to getting the best jobs in the financial sector.

Getting An MBA

Paying for the Degree

One of the biggest things that hold most people back from pursuing grad school is the cost. You already have loans to pay off from undergrad, so why should you take on more debt? But with an MBA, you have access to more career opportunities in the financial sector than ever before. Many of these have salaries high enough that you’d be able to pay back your loans in a timely manner. If you’re finding that there’s not enough federal aid available to you, you can give a private lender a try. Private loans might have certain advantages, depending on who you are. Those with a solid credit score can finance a loan with a low-interest rate and flexible timeline for repayment.

Type of MBA

Master’s degrees are highly specialized and involve studying a specific niche. When you get your MBA, you’ll become an expert in business, management, economics, and leadership. What specifically will you learn? And how do you know it’s worth it, will it be relevant to your future? Some of this depends on what type of MBA program you choose. You might get a full-time or part-time program. With a part-time program, it will take longer to earn your degree, but you won’t need to leave the workforce entirely. With a full-time program, you’ll earn your degree quickly.

Another option is to pursue an executive MBA. This is a type of program that’s built for people who already have a lot of business experience. If you want to take your career to the next level and hone your leadership prowess, that’s the right choice. If you do choose to do a full-time program, you can choose between a one or two-year option. One-year options are less expensive, and you spend less time out of the workforce. But you will also need to do enormous amounts of work to get by.

Specialisation

You can concentrate on specific areas when you get your degree. By tailoring the program to your career goals, you’ll truly get the most out of it. Because of this, it’s best to know exactly what financial career or industry you plan to pursue after graduation. You can read some of the best financial management books in advance of picking your industry so that you have a solid idea of what direction you want to head in. When a person specializes in a specific area for their MBA, they can be more likely be offered a job with a higher rate of pay. By comparison, students who don’t make themselves marketable are less likely to get successful high paying jobs after graduation.