MBA in Finance Program : Eligibility | Salary | JobsNovember 11, 2021 2023-03-25 17:43
MBA in Finance Program : Eligibility | Salary | Jobs
MBA in Finance Program : Eligibility | Salary | Jobs
Master of Business Administration is the study of roles and responsibilities for students who wish to be in the world of administration. Specifically, here we will be discussing MBA in Finance program specialization and the different career opportunities it offers. This is the oldest program in the management world. To grasp the knowledge of management of assets, resources of money, budgeting, and finances, you need an MBA In Finance degree.
You can reach the top position in the finance industry through this degree. By analyzing financial reports and forecasting economic trends, this course teaches it all. Considerably, MBA in Finance jobs salary is one of the healthiest in the world. An MBA in Finance analyses and evaluates the company’s reports for economic forecasting and enhancing stock values. Investment Portfolio Management, balancing risk and profits, is part of the work to receive a healthy and dependable MBA in Finance salary.
Moving ahead, we will be discussing this specialization based on the job prospects, the salary it offers, and admission requirements.
Table of Content
- Salary and Job Profiles of an MBA in Finance Program Holder
- List of professions and their respective salaries
- Financial Analyst
- Finance Manager
- Chief Financial Officer
- Finance Director
- Admission Requirements for an MBA in Finance
Job profiles and salary of an MBA in Finance degree holder
In general, this is a course which belongs to the well-paid ones. If you have the skill of an MBA in Finance, you are eligible enough to get the salary you wish. Surely, the salary in this field will be increasing quickly through the gaining of experience. However, the sectors offering decent salaries are:
- Corporate Banking
- Asset Management
- Private Equity
- Credit and Risk Management
- Sales and Trading
- Corporate Finance
Fundamentally, remember that to be in the financial world, you require the right skills and educational qualifications. MBA in Finance program jobs are not just always in connection to banking but to different financial institutions.
List of different professions, profiles, and their respective salaries:
1. Financial Analyst
Firstly, this analyst plans, analyses, project cost structures, capital budgets of a company. Besides, their duties also include forecasting revenues and company expenditures. Indeed, financial analyst gains profits and improve the financial status of the organization of the company. Moreover, the financial analyst also provides strategies to promote the economic development of the organization. The median salary of a Financial Analyst is 13,550 AED per month.
2. Finance Manager
This job role is pretty intriguing, in the sense that one needs to provide guidance to executives for future financial steps. Besides, reviewing financial reports, supervising accounts, and creating financial forecasts are also part of their duties. Moreover, one needs to work with the finance team closely. The median salary of a Finance Manager is 20,000 AED per month.
3. Chief Financial Officer
In general, CFO handles the overall administrative, financial, and risk management of a company. Moreover, the professionals have to oversee the development of an organization financially and strategically. Besides, being involved with the supervision of the financial system, KPIs, improvement of financial strategies is part of the job. The median salary of a Chief Financial Officer is 60,500 AED per month.
4. Finance Director
Risk management, implementation of policies, disbursing of funds is, indeed, part of the duties of this professional. Also, budgeting, training of accounting staff are part and parcel of the job description. Apart from that, creating reporting of revenues, generating financial reports to help in decision making are part of the job. The median salary of a Finance Director is 40,000 AED per month.
Admission Requirements for an MBA in Finance
Before we look through the criteria, let’s look into the course at a glance.
- This degree is a post-graduate one.
- It will take two years to complete the entire course.
- The entire course is divided into semesters.
- Graduation from a recognized university is compulsory to enroll in the course.
- The admission is done through entrance exams.
Most of the business schools have fixed strict MBA in Finance requirements. Let’s check them out.
- Firstly, the aspirant must graduate from a recognized university.
- There are business schools that, surely, require over 50% bachelor score to clear the MBA in Finance requirement.
- For students who are in the final year and want to apply for this degree can do so by receiving a provisional certificate. Through this, provisional admission could be done.
- Moreover, there are MBA in finance courses that require aspirants to have minimum work experience to fulfill the requirement.
- A key point in MBA in finance requirements is that there are no age limits and are open to all students.
- The aspirant, indeed, needs to clear the entrance exam with the required scores, which are mandatory.
Undoubtedly, the finance industry is expanding quickly, coming up with new career opportunities day by day. Moreover, being a skilled professional in the finance world is one of the right career choices. MBA in Finance has a high growth rate compared to other MBAs, generally with exceptions. And, its salary is comparatively more than others. Indeed, it can be challenging, but it can also be a potentially high-paying career option. Besides, check out the MBA in Finance course offered at Lincoln University of Business and Management and see if it fits your requirements. Eventually, kick-start your finance journey with us!
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