Careers with an MBA in Finance: Career Options and Salary Info
A Master of Business Administration in Finance prepares graduates for careers in mid-level and senior management, with above-average salary potential. MBA graduates also have career options in accounting and financial planning. Continue reading for an overview of MBA finance programs and the career options available to graduates.
What Career Options Exist with an MBA in Finance?
The range of career options open to graduates with an MBA in Finance comes with a corresponding range of potential salaries. Options range from analytical to executive roles.
Salary Information for Graduates with an MBA in Finance
According to data from PayScale.com in March 2014, most graduates with an MBA in Finance who worked as finance managers earned between $72,641 and $120,526 annually at that time.
Financial analysts reported among the lower salaries of graduates with an MBA in Finance. Most financial analysts with an MBA in Finance earned between $44,199 and $95,042 as of March 2014, according to PayScale.com. Financial analysts are not required to have a graduate degree; however, the typical earnings reported for those holding a finance MBA were slightly higher than those with just a Bachelor of Business Administration in Finance. Analysts who advanced to the upper ranks of senior financial analysts mostly earned from $60,200 to $100,732 as of March 2014, as reported by PayScale.com.
Executive officers in charge of finance reported markedly higher earnings, with most vice presidents of finance typically reporting incomes of $98,633-$184,403 and chief financial officers reporting $86,395-$223,104 to PayScale.com in March 2014.
Students enrolled in MBA finance programs, which are widely available at 4-year schools, can pursue general finance studies or focus on areas such as corporate finance or investment management. Common course courses among MBA finance programs include investments, corporate finance, portfolio strategies and analysis, derivatives and international finance. Most MBA programs take two years to complete.
An investment management specialization may prepare students for jobs such as chief financial officer or finance manager, which concern a company's internal finances. A corporate finance specialization may prepare students to become financial advisors working for commercial or investment banks, consultancy agencies or high-net-worth individuals. Additional job opportunities for graduates may include securities sales and trade, insurance, risk management and accountancy.
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