5 Advantages Of An MBA Finance That Every Student Should Know

There are definitely more than 5 reasons to specialize in Finance while doing your MBA. Finance has seen extensive growth despite current economic downturn; with an MBA degree in finance you can have rewarding career options in wide range of industries. Let us just say that these are the 5 perks available to individuals who want to implement exciting changes to their lives.

Narrowing your Focus

Those who want to start their own business after completing their MBA can opt for a finance major; it will allow you to explore a field with many job opportunities. A finance degree will help you to collaborate with some of the decision makers outside the organization like government officials, banks, suppliers, stockholders and other business operators.

Eligible for Upper-level Management Positions and Promotions

The MBA in finance opens up employment opportunities, especially for those candidates who already have work experience. Graduates of an MBA programme can find work in various financial institutions like investment companies, banks, mortgage companies and financial services firms. In 2016, three-quarters of employers mentioned that they plan to hire MBA graduates while almost 92% have increased the number of MBA internships in their organizations. With an MBA degree in finance, you will be able to apply in higher-level positions and increase the career opportunities. And of course gaining new skills can act as a catalyst to kickstart the transition from one career to the other.

Greater Job Security

The job market is extremely turbulent these days; there is a sense of uncertainty everywhere. With an MBA in finance, you will have more marketable skills which will earn you greater job security. And at the same time there will be no dearth of opportunities. If you have work experience, you can join as a financial manager  in different companies. Those who love organizational responsibilities can manage investment activities or can be engaged in preparing financial reports.

Exposure to Wider Curriculum

The finance stream normally includes a wide range of topics in its curriculum which help students to perform better. The curriculum not only educates you about finance, it also gives fair ideas to the students about marketing and statistics. You can specialize in corporate finance, investment banking, and risk management and even get absorbed in different chartered accountant firms with a finance major in MBA.

Wider Scope of Application

Apart from attaining a degree in finance, students are also trained in analytical thinking, and concepts of making good managerial financial decisions. With an MBA in finance you will have a managerial perspective on all these concepts which will help you to further your career.

 

 

Surviving in a Workplace

A fresher just out of an MBA college can find the corporate set-up to be pretty overwhelming. Often you learn the most valuable lessons about workplace survival in the job itself. It is always better to equip yourself with some essentials so that you can deal with literally everything that accompanies the corporate rat race. Whether you have a difficult boss, are struggling with your new assignment or your colleagues, here is a survival strategy for your workplace.

Are you prepared for everything?  

Pay attention to subtle things in your workplace; has there has been shift in the way the top management behaves with you? Are you missing out the closed-door meetings? In a workplace, often employees freeze when they face the unexpected. It is always better to approach a sudden change with a positive mind. When you suddenly find yourself reporting to a new boss who is half your age, forge a relationship with him or her. It is the perfect way to tell your new boss about your skills and competence and you can benefit the organization.

Always be a team player

Never do anything that will put you in an unfavorable position in a team. Little things like coming late or not finishing your work on time often create resentment among your colleagues. It may also irritate the boss. Most of the bosses like it when you are quietly doing a job without any trouble. They will definitely not like the fact that they have to take time out of their busy schedule to deal with problems created by you. Always accept challenges as opportunities; work closely with your team members and do not try to hog the limelight. Trust your core group of associates and colleagues, but also try to establish new connections. Remember, when you are in a team, the perspective of each member matters.

Think about strategic moves in your career

Career advancement is like a game of chess; it requires planning and answers to your what-if scenarios. None of this will be easy, but in order to be successful you should plan well ahead. Remember, that five years down the lane you are going to live in a place which you have designed today. Irrespective of your current position, try to gauge how your current position fits into the overall strategy of your organization. Can you do something to make your position more consolidated in your company? Can acquiring new skills help you in the long run? Make informed decisions so that you know the ways in which you can advance in your workplace.