Finance MBA Graduate Find Services in High Demand
Career options for a Masters in Business Administration graduate will always be many because if there’s one thing that every person could use help in managing, it’s their personal expenses. Money management is one of the biggest stressors for individuals in recession time especially but also generally speaking, and the National Endowment for Financial Education recently found that confidence for teachers to instill good habits in their students was at a shocking low.
A new effort to increase personal finance education as hit schools, and with it, a wave of respect for those who can help others achieve their personal financial goals. As professionals consider career options, a Online Finance MBA Degree could open up new paths tied to high salaries. The Bureau of Labor Statistics projects that 322,000 jobs will open up for finance specialists over the next eight years, and the specialty in the highest demand will be in financial investments.
Reasons for Expanded Career Options For a Finance MBA Graduate
Fortunately for the next generation of finance professionals, the retirement time for Baby Boomers has arrived, and as these longtime managers leave their positions, career options for a finance MBA graduate will continue to expand. This timing is also beneficial because of a demand in the financial industry toward more ethical advising. While the industry undergoes drastic changes in what it wants and expects from leaders, the academic organizations will be similarly adapting to meet those needs.
Real-world components to online mba programs have been emphasized in order to produce graduates who have a firm understanding of how new business practices will affect companies. Programs like the Online MBA in Finance utilize capstone projects in order to ensure that professionals will have more career options open to them, as they have proven industry applications of their new skills.
Job Responsibilities Involved in MBA Finance Careers
Deciding which sector of finance to enter influences the career options for a Finance MBA Online graduate.
For some, corporate finance is appealing, but that leads to a second challenge in deciding between working with small businesses or large companies. Ultimately, the goal remains the same for finance professionals: achieve the best balance of finances in order to increase the company’s value. This is accomplished through budgeting, investing and managing assets.
Perhaps personal finance is more appealing, though, where professionals find themselves assisting individuals in their day-to-day money management. As a consultant, the main focus is in helping people achieve financial stability for themselves and for their families. This ordinarily includes monitoring the person’s credit rating and protecting them against the types of personal events that can cause financial distress such as medical bills or unexpected car costs.
Then there’s also the public sector, which places financial advisors in working arrangements with city, county, state and national government. These career options involve working with managing incoming revenue and government budgets, and often have a heavy focus in debt management.
Job Duties for Finance MBA Graduates
Duties for finance professionals include the same basic responsibilities in each sector. Responding to economic trends, recognizing investment opportunities, exercising restraint when budgets are constricted and having an overall understanding of money management are the most desirable traits for those seeking the most diverse career options for a Finance MBA graduate.
Salaries and Job Positions for a Finance MBA Graduate
The scope of available jobs in finance is wide, because every industry has its own needs for managing its funds to ensure the highest level of profitability or success. Whether the professional is working in the private or public sector, for individuals or large companies, for schools or small non-profits, the specialized careers within these sectors include a broad range of salaries and positions. To gain an understanding of this range, consult this short list below or read more about MBA Finance Salary.
Real Estate Appraiser Salary:
In this field, professionals work typically with one client at a time, but they can decide between working with commercial or residential property, or working as a general appraiser, who investigates the value of both property types. Average Salary: $47,370.
Securities Sales Agent Salary:
Everybody seeks investment counseling at some point in their careers, and this job focuses on working with individuals and companies to best invest their finances. Average Salary: $68,680.
Personal Financial Advisor Salary
Personal money management is a rising industry as demand skyrockets. In advising individuals on investments, tax laws, insurance policies and retirement, personal advisors provide the financial insight that people are currently anxious for. Average Salary: 69,050.
Accounting Finance Salary:
Businesses have increased need for accountants who can maintain public records and ensure taxes have been paid correctly. Other duties include budgeting, assessing personnel performance and managing assets. Average Salary: $85,840.
Financial stability is no joking matter in today’s economy, so career options for a Finance MBA graduate will see a spike in both available positions and the value for these services in each sector.