Finance 2000 Business master sub_topic An MBA in finance provides students with skills beyond the general MBA training. MBA finance students are trained to assess financial risks and rewards as well as direct corporations in optimizing investment values. Usually, finance MBA students enter into an MBA program and enroll in general business studies, then specialize in fields like corporate finance during the second half of their studies. Graduates of MBA finance programs go onto careers such as controllers, cash managers, and treasurers. Graduates completing an MBA finance degree earn between $55,000 to $124,000 per year. To learn more about finance MBA programs, <B>request free information packets</b> from the schools listed below. 0 1 0 2210 <p>Finance professionals keep the wheels of the world's economy turning. Various corporations, governments, and members of the public enlist the services of finance professionals to help manage their monetary assets and optimize their financial performance. They accomplish these tasks by analyzing the potential risks involved with investment ventures; handling the budgets of both large and small corporations, government bodies, and non-profit organizations; and helping individuals learn to manage their personal finances. Finance is an extremely broad discipline encompassing a wide range of aspects such as consumer credit, banking, underwriting, and budgeting.</p> <p>Finance professionals work for a multitude of agencies across a broad range of industries and in a variety of different capacities. Those who have gained significant work experience often decide to become independent consultants and contract their services to individuals and corporations. Therefore, the exact scope of their responsibilities and work environments will differ significantly for each position.</p> <strong>Education Required</strong> <p>To begin a career in the finance industry, an individual should obtain a finance degree from a finance college or university. An online finance degree is available for students who must work full-time while completing their studies. Students seeking to pursue advanced positions in the field and professionals seeking to advance their finance careers may want to consider pursuing an MBA degree in Finance. An online MBA degree is also an option for those unable to attend on-site classes. When making admission decisions, programs often consider an applicant's undergraduate record, relevant work experience, potential contribution to the field of finance, and GRE or GMAT scores.</p> <p>These programs provide students with advanced training in the areas of business and finance. Through the heavy emphasis that advanced degree programs place on research and analysis, students will gain the ability to assess a company's current financial situation and future needs. Through a variety of business and finance courses, students will learn how to integrate the principles of finance with the operative systems of businesses and corporations. Students will come to understand the workings of economic, money market, and financial systems, as well as how they affect a company and the larger economy as a whole. Advanced degree programs allow students to study: corporate and global finance, investment analysis, insurance and risk management, and money and banking. Courses assigned in the curricula may include: capital asset pricing models, future contracts and markets, capital budgeting, investment strategy, and operational audits. Programs may also require basic background courses such as finance courses, accounting courses, economics, and statistics. </p> <p>There are a number of benefits to obtaining a professional finance certification including: added professional recognition, a credential that is attractive to potential employers, and demonstrated personal dedication to professional development. Voluntary certification may also significantly improve an individual's advancement potential. The Association for Financial Professionals offers a Certified Treasury Professional (CTP) certification. </p> <strong>Earning Potential</strong> <p>According to the Bureau of Labor Statistics, the mean annual salary for financial specialists is reported to be $65,650. The highest paid salaries were reported at $99,940, and the lowest were reported at $31,860. Specific earnings however, will vary greatly based on the specific industry, specialization, experience, and level of education. The Bureau of Labor Statistics also expects there to be a steady increase in job opportunities for finance positions through the year 2016.</p> <strong>Where an Advanced Degree Will Take You</strong> <p>An MBA degree in Finance will give professionals an advantage in this already competitive job market. Recipients of the degree may be most likely to be selected for or promoted to advanced positions in supervision and management. Those with advanced degrees may also potentially earn higher salaries as well.</p> <strong>Careers in This Area</strong> <p>Finance professionals may serve organizations in a number of different ways. There are numerous specialties under the umbrella of finance and each handles a specific aspect of the financial discipline. </p> <u>Commercial Banker</u> <p>Specialists work in commercial banking industries as credit analysts, loan officers, and mortgage bankers. They may regularly interact with the public and regulate consumer credit and lending policies.</p> <u>Corporate Finance</u> <p>Specialists in corporate finance are in charge of handling the finances of large corporations. They must investigate ways to increase the company's capital, regulate spending, and attract investors.</p> <u>Financial Planner</u> <p>Financial planners largely work for members of the public instead of corporations. They are hired to help individuals manage their finances, explore investment opportunities, and choose good investment options based on the individual's specific circumstances and goals. </p> <u>Financial Manager</u> <p>Financial managers supervise the overall financial functions of a company. They establish policies and procedures for handling a company's finances and devise ways to generate revenue. </p> <u>Investment and Risk Manager</u> <p>Investment and risk management specialists have the responsibility of identifying potential investment opportunities. It is also their job to weigh the risks and benefits associated with those opportunities. They will either make determinations as to which opportunities the company will pursue, or make recommendations to upper-level managers.</p> <strong>Type of Person Who Will Succeed in This Career</strong> <p>The finance profession can be a very rewarding field for those who enjoy helping businesses and individuals achieve financial growth and security. Since working with numbers will comprise the bulk of their work, finance professionals should possess an affinity for math. Analytical skills are important for assessing, arriving at conclusions, and making recommendations based on statistical and numerical data. As technology becomes an increasingly important component of business, finance professionals should also possess excellent computer skills, and stay on top of the latest technological developments.</p> <strong>Article References</strong><br><br> U.S. Bureau of Labor Statistics<br> <a href="http://www.bls.gov/" target="_blank">http://www.bls.gov/</a><br><br> Association for Financial Professionals<br> <a href="http://www.afponline.org" target="_blank">http://www.afponline.org</a><br><br> mba-finance MBA in Finance MBA in Finance 2005, 2050, 2205, 2240, 2420, 2215, 2220, 2225, 2230, 2235, 2245, 2250, 2255 Earn a Degree in Finance - Learn About Corporate Finance, Financial Institutions, Financial Investing 1 0