MBA in Finance Management Program – The Scope and Career Opportunities
Ishita N Solanki, the Manager of Global Partnerships at IIM Ahmedabad had once said in an interview to India Today, “Despite the recession and speculation, finance has remained one of our most popular courses under the general MBA programme across the IIMs.” Considering the fact that this interview was conducted in the year 2012, when things were pretty bad in the global economy, it speaks volumes about the importance of this discipline in the corporate world, no matter what the circumstances. It clearly shows the kind of scope there is for MBA in Finance if you do decide to pursue a career in finance.
The scope for students who study MBA in Finance is pretty diverse as you can assume all kinds of roles ranging from being an asset management executive to a financial advisor, an investment banker, a cost manager, a financial manager or anything else. There are plenty of opportunities in the government sector too. A financial manager with good understanding of his subject is always in demand as it’s not just private entities, but government offices and public entities too that require adequate financing to sustain their operations.
MBA in Finance – Career Options
You can choose from a wide variety of career opportunities after completing your MBA in Finance. Some of the commonly chosen career paths by MBA Finance students are:
Cost accountant – As MBA in Finance taught in India also involves accounting, costing, auditing etc., you’d be well equipped to pursue a career in cost accounting if you’d like to.
Investment banker – In this capacity you could be raising capital for the company from prospective shareholders or be involved in private wealth risk management. Your job could also entail effective management of securities and bonds.
Financial officer – Being a financial officer you could be working for a public sector company, a credit union, a banking establishment or any business dealing with capital and funds. You could also assume the responsibility of a taxation expert, securities trader, loan officer, brokerage expert etc.
Financial analyst – As is commonly knowledge, a financial analyst normally analyses the market movements, shares, assets, bonds, investments and a company’s various financial components. S/he is responsible for closely observing different financial situations and ascertaining the potential risks in them, thereby making sound investment decisions possible.
Higher studies – You could also opt for higher studies after completing your MBA in Finance, going after a PhD in Management and thereafter becoming a professor in finance in some university or college.
On the whole, not only is an MBA in Finance important in the job market at all times, the course can play a significant role in shaping up an excellent career for someone who is passionate about the subject and loves the world of assets, funds, capital, wealth, money and the kind.
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