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Why an Online MBA in Finance is Critical to Achieving a High Salary

Comparing the difference in pay rates between professionals in the same positions can be staggering, especially in cases were the lowest reported earnings can be 3 times less what the highest earner brings in. The career options for an Online MBA graduates are so varied that settling for the lower earnings can be an escapable fate, so long as professionals are aware of the scope of pay possible in their positions. Read our article about about MBA finance careers to learn more.

Through academic advancement in online degree programs, professionals are able to stay active in their industries while gaining the skills that will allow for career advancement. The world of finance is rapidly transforming to prevent the events that caused the economic collapse, and education is the best option for professionals who seek the top MBA finance salaries and the careers needed to get them.

Comparing Top 10 MBA Finance Salaries in Various Careers

For those with a talent for money management, two questions loom overhead in terms of securing their own successes: what are the top 10 MBA finance salaries and the careers needed to get them? While wages differ according to specialty, location and sector, the truth is that right now, demand couldn’t be higher for money-minded advisors. Finding these top-paying positions simply takes a little bit of research into common positions and the career advancements these positions can lead to.

The importance of an MBA in securing work in today’s economy is paramount to guaranteeing success. Competition for job openings in finance will continue to be tough, and the better the qualifications list for any professional is, the better their chances are at landing some of the top 10 MBA finance salaries available.

Weighing the Value of an MBA to Earn Top 10 MBA Finance Salaries

After many businesses were forced to re-imagine their company’s goals and strategies because of the recession, a growing need for a new type of financial leader challenged MBA programs to revamp their courses. This gives up-and-coming financial professionals a chance to outshine their more experienced industry counter parts by applying to program that recognize this emerging trend. Among these changes are:

Ethical Business Approaches:

Whether it’s by adding a new course that focuses completely on ethical business or by altering existing courses to include this necessary concentration, MBA programs are recognizing the need for sensitive advisors who are looking out for their organizations more than for themselves.

Sustainable Business Practices:

As part of an initiative to protect available resources and cut back costs, green business practices are being emphasized by MBA programs. Some universities have even developed entire degree programs with this emphasis, recognizing that this trend is one that is serious and necessary.

Practical Application of Lessons in the Real World:

Because everything about the business industry’s changes is so new, schools are emphasizing practical applications of lessons by necessitating projects that take place in the actual business world. This prepares graduates with the latest skills already proven successful in businesses.

Top 10 MBA Finance Salaries

The highest paying jobs attract the most ambitious of business minds, and to discover which positions pay out the most, consider the top 90th percentile of some common financial careers. These top salaries reflect more than just an earnings goal but also identify which jobs have the capacity to allow professionals to move up in their careers.

  • Tax Preparer: $63,240
  • Loan Counselor: $63,680
  • Appraiser: $73,210
  • Emergency Management Specialist: $85,060
  • Insurance Underwriter: $99,940
  • Accountant: $102,380
  • Business Operations Specialist: $103,250
  • Credit Analyst: $108,370
  • Financial Analyst: $141,070
  • Personal Financial Advisor: $166,400

Finance MBA programs focus on a valuable set of in-demand skills, which has a definite focus on money management at its very core. The best-paid professionals will see wages climb due to impressive levels of expertise in these skills. While MBA programs undergo changes to produce the next generation of financial leaders, online programs like the Online Finance MBA will rise in demand because of the need to balance academic studies while maintaining professional positions.

Before considering the highest level of earning, though, it’s best to gain an understanding of what the average professional can expect to make in common finance capacities.

Average Salaries for a Finance MBA Graduate

  • Tax Preparer: $35,520
  • Loan Counselor: $41,970
  • Appraiser: $53,980
  • Emergency Management Specialist: $53,460
  • Business Operations Specialist: $59,920
  • Insurance Underwriter: $62,600
  • Credit Analyst: $64,580
  • Financial Analyst: $84,780
  • Personal Financial Advisor: $92,970

Finance Salaries without an MBA

The above salaries reflect average earnings that MBA finance graduates could expect to earn when starting out in their given industries. Without an MBA, the lowest reflected earnings in these positions demonstrate how important a degree can be in escalating pay rates.

  • Tax Preparer: $21,670
  • Credit Analyst: $30,390
  • Loan Counselor: $31,000
  • Business Operations Specialist: $32,690
  • Emergency Management Specialist: $37,200
  • Appraiser: $42,400
  • Insurance Underwriter: $43,490
  • Accountant: $45,900
  • Personal Financial Advisor: $46,390
  • Financial Analyst: $54,930