Who Should Go for an MBA in Finance?
Are you good at managing finances? Someone good with money. Have you ever wondered how the antics of Finance surround everyone? Everything you see around you is Finance, from buying a cup of tea in the morning to buying a new house.
What you're looking for is a career in Finance. To be precise, a career that involves an MBA in Finance. The best part? You can now go for an online MBA Finance Program. But first, let's look at what an MBA is specifically.
To know more, you must opt for an MBA in finance program online from JAIN Online.
What is an MBA in Finance?
An MBA is a Master Of Business Administration. This course teaches everything you need to learn to run a business. However, with a specialization in Finance, you get the best of both worlds; you get to know the fundamentals of running a business and learn to focus on financial management.
With an MBA specializing in Finance, you will develop the following skills-
Analytical thinking
An MBA in Finance helps you develop an analytical mind. It means that you have to be quick on your feet with technical and interpersonal skills. An analytical mind would help you be good at market research, economic reporting, proactive financing, and risk assessment.
Expertise in Finance
An MBA in Finance will help you become an expert in accounting and financial skills. It will help you later in landing a lucrative job such as a Financial Consultant, Accounts consultant etc.
Business knowledge
A business cannot run without a financial specialist. They are a must for any business to run smoothly and efficiently. Tools like Oracle, Tableau, and SAP will help you manage your business fairly easily and effectively.
Learning to use a financial model
A financial model makes it easier for you to calculate the company's worth. In these models, an abstract everyday-life financial situation is depicted in a mathematical model.
Making financial reports
Now, you need to know that there is a key difference between financial accounting and reporting. Accounting includes just a record of the transactions, whereas reporting comprises the organization of data such that the financial health of a company can be determined.
Managing cash flow
A company may go bankrupt if they fail to manage its cash flow. To avoid any financial setbacks, an effective cash flow must be maintained.
Data analysis
Businesses need to have a proper data management system. It will help them make better choices and decisions.
Do not forget to consider MBA in finance from JAIN Online for excellent job prospects.
Job Prospects after an MBA in Finance Degree
An online MBA in Finance specialization can help you get fantastic job opportunities. If you want to grow in your career or start your own business, then an online MBA in finance program is the right choice. It saves you time and money. The trainers in these programs are trained professionals and very well qualified.
It is estimated that with an online MBA in Finance specialization degree, the average offered to graduates is around INR 5- 6 lakhs per annum. Also, some of the big names provide jobs to these graduates.
You can have a well-established career in your field with an online degree program. A finance MBA prepares you well for the following jobs-
Financial Analyst
You can become a financial analyst, and your work would include implementing policies and analyzing the financial matters of a company.
A financial analyst's average salary is between INR 4-5 lakhs per annum.
Financial Managers
It is a more significant role as financial managers have to manage a team of financial analysts. Their work includes having knowledge of higher financial policies and relating them to overall business goals. Liaisoning between the financial analysts and upper management is also handled by them.
The average salary of financial managers is between INR 7-8 lakhs per annum.
Accounting Manager
An accounting manager is responsible for bridging the gap between high-level organizational goals and the directives of the accounting department. They make well-informed accounting decisions. Ensuring protocols to maintain confidentiality so that any sensitive financial information does not get leaked is also under them. Also, they are responsible for the day-to-day operations of the accounting department. The average salary of an accounting manager is about INR 5 lakhs per annum.
Corporate Controllers
They have a hybrid role wherein they oversee the financial and accounting departments under their control. They are involved with everything from invoicing payroll processing and budgeting. They craft forecasts, manage routine accounting and finance documents and oversee the whole company's payroll. The average salary of a corporate controller is between INR 14-15 lakhs per annum.
CFO-Chief financial officer
It is the highest level of the financial department. CFOs report directly to the CEO of the company. They have the final say on all finance-related policies of an organization. They are responsible for maximizing return on investment funds and even acquiring other companies under their hood. They help secure the funding of an organization at critical growth points. However, it takes time to reach this position. The average salary of a CFO is somewhere between INR10-11 lakh per annum.
Management Consultant
This role is an excellent fit for experienced finance MBA graduates who have earned online degrees in an accredited MBA in finance program. A good finance background is handy and would help them move forward. Their role includes gathering data and research for the organization. They even run hypotheses as to what works/doesn't work for the company. Also, they have to run workshops to implement changes in the organization. The average salary of a management consultant in India is between INR 11-12 lakh per annum.
Conclusion
An online degree in MBA specializing in Finance is no less than a regular one. The job prospects are the same, sometimes even better for the ones with experience. Another good thing about this online MBA in finance degree is that it is flexible; you get to meet all top executives related to finance since it's virtual, so that everyone can meet in one place. You can take exams online. It is a better option because you won't have to move and it is much more affordable. Also, who doesn't like to work and study together?
Therefore, graduates of Online MBA in Finance Programs have as many avenues as the ones with a regular MBA do after earning their degree. The most significant difference is that the ones with an online degree do it without burning a hole in their pockets.
You can simply opt for an Online MBA in finance specialization from JAIN online and pursue great job opportunities.
Are you looking to pursue an online MBA Finance program?
Visit: https://onlinejain.com/programs/masters/mba-finance-degree-online
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The part time MBA it’s typically you have about five years work experience.
It’s on campus, you have to be able to come to the USC campus typically two or three times a week.
And it's a little bit slower paced than our mba program online.
The curriculum is a little different, but again, you’re still learning those same fundamentals.
And then you have our program, which we’ve just talked about for the last like 50 minutes.
So you guys probably know about that.
