Are you thinking about getting an MBA in Finance degree? Well, then you have landed up in the exact right place. In this blog, we will be exploring what is this degree all about and how it can benefit your career. Read along to clear any doubts that you have regarding getting this degree.
What is MBA in Finance?
It is almost similar to a regular MBA. The only difference is that instead of studying a variety of subjects, you will be focusing more on finance. As a result, you will get a deeper understanding of the subject. The course starts just like a regular MBA and as it progresses different subject areas of finance like Corporate Budgeting, Advanced Financial Management, International Markets, Investment Analysis, and Corporate restructuring are taught. Students have the option of choosing 3-5 courses among these topics.
One important thing to note here is that not all programs cover all the same areas of finance. So before you decide on a program, do some thorough research. Look for some programs and note down the courses offered by each. Then think about your life goals and think which of the course will help you to reach there. Choosing the right program with the right finance courses is a step where there is no room for mistakes.
Now that we have covered the basic question of what an MBA in Finance is, let’s take a look at a few of how doing this course can benefit your career.
Finance is all around
Every company whether it’s related to advertising or business has to manage its finances. Every organization has employees and bills to pay. They also have to keep a check on their spending’s. And therefore every company has a financial position to fill. This makes getting a job much easier. As your option will no be limited to only one kind of organization.
Choose from an array of sectors
With time the finance industry has evolved a lot. And with this evolution, several sectors have opened up. Therefore students pursuing finance have an array of options to choose from when it comes to choosing an area to work in. a few of these areas are:
- Investment Services
- Commercial and Investment banks
- Corporate Management
- Financial planning services
- Insurance Companies
- Brokerage Firms
- Personal financial planning for individuals and private organizations and private banks
Plenty of Job Opportunities
When you get your MBA in Finance degree, you become eligible for several job opportunities. With in-depth knowledge about the field of finance and other skills, that you will gain during your time in the MBA program, you will be ready to walk down many well-established career paths. A few of these paths are:
- Financial analyst
- Cash managers
- Budget analyst
- Credit managers
- Financial advisor
- Chief financial officer
- Financial manager
- Corporate controller
- Accounting manager
An MBA degree in itself is known to pay quite handsomely. And if you have an MBA in Finance, it will certainly add a few numbers to your paycheck. Since finance is such an important part of any company, finance professionals are paid generously for their services. And this stands true for both organizations that are financed-based and not finance-based. On average, a finance manager earns 21,000 AED monthly. A financial analyst earns an average salary of 11,500 AED per month. People working as financial advisors have a salary of 10,500 AED on average. Needless to say, all these numbers will increase with your time in the industry.
Be an exception in the crowd
Having an MBA in Finance will help you in standing out in a crowd of people having a finance degree. The MBA will not only help you pick up on knowledge about the field but also gain other skills. An MBA program is designed to hone several soft skills like communication, leadership, critical thinking, etc. Having these skills will help you to do your job in a better way.
As mentioned earlier, there are several benefits of having an MBA in Finance. All these above-mentioned benefits are only the tip of the huge iceberg that are the benefits of having a degree of MBA in Finance. If you wish to enjoy all of these benefits, start your journey by enrolling yourself in a good MBA program with a specialization in finance.
Talking about good finance MBA programs in Dubai, Lincoln University of Business and Management is a name you can’t miss. We offer a program that will prepare you in the best way for this industry. This program is offered in proud partnership with the globally recognized York St John University, UK. Throughout the program, you will be guided by an exceptionally experienced team of faculty. To further enhance your learning journey, you will carry out assignments and projects that will help you to put your learnings to the test and strengthen them. Within just 12 months you will be all ready with a UK degree to compete and win your dream job. Visit our page to enroll now or feel free to connect with us.