Are you looking for the most secure and handsomely paid career option? Still, confused among the many career choices out there? Well, hands down MBA is the best and most rewarding career for students and working professionals globally. Right after the USA, India is the largest MBA hub in the world. According to the forecast, by 2020, India’s working force will be 0.8 billion out of the total population of 1.3 billion. Isn’t this the best time to grab an MBA degree and book your ticket for the future?
When it comes to an MBA, you have the three most popular variants to choose from – Marketing, HR, and Finance. Yet, which specialization is the best? An MBA in finance is considered as the most preferred and highly recognized MBA degree. It opens the door to a plethora of opportunities in various sectors like business, banking, investment, stock exchange, and insurance, etc. This is why an MBA in finance is considered the best of all.
An MBA in finance imparts and improves management aptitude, inventive ability, critical thinking ability, and so forth. It offers a real-time experience that fabricates a staunch career foundation for students and working professionals. It helps them to thoroughly understand the financial sector.
Why Study MBA in Finance?
You must have heard words like money, economy, and investment. However, whenever the word ‘finance’ is uttered, most hear that number-crunching sound in the back of their head but it is not only about the numbers. Today, MBA in finance is a globally recognized and favourable career choice for aspirants across the globe. It paves out the way towards a well-settled life.
Top 10 reasons why MBA in finance can change your career landscape
1. High in Demand
Every industry, like advertising, PR, IT, teaching, consulting, and real estate, needs to record cash flow, investment details, salary payment information, etc. So, by having sound knowledge about financial management, you can clinch a job in any industry.
2. Lucrative Pay Packages
As stated by Payscale.com, an MBA in finance degree holder gets paid inordinately more in comparison to the other MBA specializations. Finance is considered as a generously compensated division in the business. As per an article by Times of India, MBA in finance is at the top of the list of most lucrative MBA specializations. The pay increases corresponding to the degree of experience and ability in the field.
3. Chance to Explore Various Job Roles
The domain of finance is fundamentally huge. There is a wide assortment of job roles, in both the public and private segments, to choose from your interest. Examples include investment banker, budgetary examiner, financial analyst, corporate banker, hedge fund manager, personal financial advisor, risk manager, etc.
4. Ensures Holistic Development
MBA in finance is designed in such a manner that it exposes students to simple general knowledge and advanced knowledge of finance. This is done through management stimulation, internships, and comprehensive projects. These help students in self-assessment to identify their weaknesses. It ultimately ensures all-around personality development of students.
So why MBA in finance? The simple answer is that it teaches students to tackle corporate backlogs and complexities in the business organization. It also teaches them to combat tough competition confidently and with ease.
Learn more: 8 Ways an MBA Degree Helps Your Personal Growth
5. The Wide Curriculum
A two-year MBA in Finance covers diverse topics that develop critical and analytical thinking, along with expanding the horizon of knowledge in marketing, statistics, and leadership skills. Usually, the curriculum includes stock exchange analysis, business finance, risk management, investment banking, and finance management. Each of these subjects tends to expand the bandwidth of knowledge.
6. Networking Resources
It is observed that MBA in finance graduates tend to have sizable networking resources as their curriculum is more practical in nature. It involves teamwork, public interaction, and collaborative association with others. This results in burgeoning people skills, the establishment of good relationships, and building strong professional networks.
7. Evergreen Industry
Finance is a master key for any business. Whether commencing a business, expanding the existing one, or investing in developing new product innovations, a business always needs finance. Without finance, it becomes fragile and non-operational. With such huge funds, comes cash flow, transactions, and monitoring of financial resources. From small to big businesses in every industry, finance management is needed. Thus, it is considered as the never-ending industry as no finance means no business.
8. Job Security
The financial sector in India grows at about 8.5 percent annually. It is expected to grow even more tremendously soon. Obtaining an MBA in finance degree offers job security because of its supreme qualification and practical knowledge. Financial management can never go out of fashion. It imparts both soft skills and hard skills.
It leaves students with a better chance to grab a stable job and the working professionals to attain better opportunities in the financial sector. Perhaps the most concerning issue looked at by the present generation is the absence of employment opportunities because of expanding financial flimsiness and the gig economy’s approaching. So, an MBA in finance helps to leverage your portfolio for a better future.
9. Start a New Venture
Everyone has a dream of starting their own business once in a lifetime. Do you also want to start off your business in the future? By studying MBA in Finance, one learns how to manage funds constructively, which leads to the optimum utilization of financial resources. An MBA in finance graduate never faces the hurdle of gathering funds for the business.
Years of experience teach them numerous ways to generate and invest money that can yield maximum profit. So, if you have the spirit to enter the realm of entrepreneurship, an MBA in finance can make your way a lot easier.
10. Excellent Management of Personal Funds
An MBA in finance teaches you various life-saving skills like strategic thinking, financial management, creativity skills, self-discipline, time management, governance, etc. These help in the effective management of personal funds. These skills help you avoid unnecessary expenditures, explain the best way to invest money, and budget. Also, they help in tracking the flow of income that helps to escape from financial pressure easily. Learn the art of personal money management!
Top Recruiters for an MBA in Finance
Here is a gist about the top recruiters in MBA in Finance. Many MNCs, like AT&T, Johnson & Johnson, Intel, Amazon, and Microsoft, recruit MBA in finance graduates. . Since MBA in finance is the perfect amalgamation of finance and management, it has the edge over other management degrees. This is the main reason which motivates students to pursue this course. The following are the names of top recruiters in an MBA in finance. The names mentioned below are evocative, not extensive –
- JP Morgan
- Bain and Company
- Boston Consulting Group
- Morgan Stanely
- Goldman Sachs
- State Bank of India
These are top prominent recruiters though the list is endless. The scope of an MBA in Finance is boundless. That is why MBA in Finance is fruitful and empowers you to land your dream company.
Why Study MBA in Finance from upGrad?
So, the answer to the question of why to study MBA in finance is clear. Money, prestige, and stability are at the core of a career in finance. If you want to build a flourishing career on these touchstones, it is a good time to apply for an MBA in finance. It helps you get accustomed to numerous specializations. However, it is essential to understand that finance-related jobs require an exceptional thought process, tirelessness, and hard work. The inflow and outpouring of money rely upon the assigned person.
Hopefully, it is crystal clear why MBA finance is crucial and how understanding the nuances of finance can help you have a better future. It is not easy to find individuals with such a comprehensive skill set. So, the people working in a financial institution are highly valued and highly paid.
If you want to reap maximum benefits from an MBA in Finance, apply for upGrad’s MBA programs. We provide MBA in Finance from Liverpool Business School. All the subjects are carefully crafted, keeping into consideration the current world scenario and competition in the market. Plus, the courses are taught by eminent industry leaders and experienced management faculty.