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24 Oct 2023, 09:30 GMT+10
The financial sector is one of the most profitable and competitive industries in the global economy. To this date, financial services companies are among the most profitable companies and have developed a strong hold over the corporate market.
The consistent growth of the finance industry and exciting career prospects are among the main reasons why many students pursue an MBA in finance. This advanced degree provides a deep understanding of financial concepts and how to make a business more profitable and sustainable. The in-depth knowledge and skills you acquire during this degree program prepare you for a stellar career in financial companies and businesses.
No matter how saturated the job market is, an MBA in finance empowers you to choose from a wide range of high-paying and rewarding careers. In this article, we'll explore some of the most lucrative fields in business finance that you can choose after completing your MBA in finance.
A master's in business administration (MBA) is one of the most preferred degree programs around the world, and for a good reason! This degree program provides a comprehensive knowledge of the corporate world, the global economic sphere, as well as each area of a business. It not only prepares you for managerial and leadership roles in organizations but also teaches you how to start, manage, and expand your own business.
Apart from the fundamental understanding of business, you can gain expert knowledge of specific spheres of business by choosing your area of concentration. Here are some of the most sought-after MBA degrees:
If you're planning to pursue an MBA in finance or graduating soon, here are some lucrative career paths you can choose:
Finance constitutes the very foundation of any organization or business, regardless of its size and industry. Investments, revenues, and consistent income streams are like oxygen for an organization, and its success depends heavily on efficient money management and meticulous financial planning.
Corporate finance professionals manage all financial activities of a business. These activities include:
Financial consultants essentially work with a consultancy firm and provide expert financial advice to both businesses and individuals. Businesses often outsource financial consultants to analyze their financial health, assess the feasibility of various expansion projects, and help them make financial decisions.
Invest banking is perhaps a dream career choice for many MBA finance students, the reason being a high-profile job, steady career progression, and a handsome salary package.
Global taxation is an extremely complex process. Multinational companies and international organizations are in dire need of competent financial experts who can handle tax-related issues related to international transactions and cross-border business. This is why companies offer attractive salary packages to global taxation consultants, along with bonuses and opportunities for career growth. MBA graduates with a concentration in finance are ideal candidates for a global taxation consultant.
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