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Earn a finance MBA online and you will have a world of job opportunities open up to you. A graduate finance degree qualifies you to pursue jobs that can be divided into sales of financial products, giving financial advice to consumers and/or businesses, and financial management. The coursework you will complete prepares you to work in small and large organization or to eventually work as a self-employed financial analyst, financial planner or financial consultant.
People earning the MBA in financial planning online will find there are excellent employment prospects because managing increasingly complex financial instruments and processes requires special skills and knowledge. Typical job titles include the following:
- Financial Analyst
- Financial Manager
- Securities Trader
- Securities and Commodities Sales Agent
- Financial Services Sales Agent
- Auditor
- Credit Analysts
- Comptroller
- Financial Manager
Count Up the Job Prospects
To better understand the job prospects you can look at the U.S. Department of Labor employment projections for various positions. For example, personal financial advisor positions are expected to grow by 30% during the 10 year period of 2008 to 2018. For the same time period the number of financial analyst positions is projected to grow by 20%.
A Wealth of Job Types
When pursuing this degree you can work towards an MBA with an emphasis in a particular finance field of study. For example, you might take courses that will lead to an MBA Financial Planning. Or you might pursue an MBA Financial Analyst Program. You can generally earn an MBA in a year to two years attending school full-time. Many students attend school part-time and work full or part-time, so in that case it may take longer to complete the degree.
The types of job duties that people with MBA Finance degrees handle vary depending on which career path they choose – consulting, sales, or financial management. Generally speaking the duties include analyzing, buying and selling financial products such as health insurance and securities; assisting with investment decisions based on analysis of financial data; managing cash and investment funds such as hedge or mutual funds; assisting company employees or private clients plan for their financial future; and developing and working with computerized models.
You can also specialize in areas like retirement planning, estate planning, buying securities, selling securities and many others.
Great Pay for Interesting Work
The pay for jobs requiring an MBA Finance degree is excellent. For example, the U.S. Department of Labor reports that as of May 2008 the middle 50% of earners with the Financial Analyst title earned average salaries ranging from approximately $54,000 to $99,000. The top 10% earn over $140,000. The median wage is $73,670 annually as of 2009.
Financial Planners or advisors in the middle 50% earned between $46,000 to $119,000. Many Financial Planners and Financial Products Sales Agents are self-employed. The median wage for Financial Planners was $68,200 as of 2009.
Financial services sales agents is the largest category and the median annual wage was $66,930 as of 2009.
Of course, the more experience you have and the types of certifications you earn have a direct impact on earnings. Complete an Online MBA Certified Financial Planning degree and you can jumpstart your career
Getting Started…No Time Like the Present
Entry into the financial consulting, sales or planning fields often begins with a job at a bank or private investment firm. Those who become comptrollers, auditors or credit analysts often work for private businesses. You can also work for a government agency or educational institution.
You will need to complete your course of study and obtain the appropriate license based on the career path you choose. Financial Analysts and Advisors are licensed by the Financial Industry Regulatory Authority. If you sell insurance products you will need a license issued by a state board. Securities buyers and sellers also obtain a specialized license.
If you are looking for a great career in finance then getting a Finance MBA online is an excellent choice. To make the best decision you should consider your interests, educational background and abilities. If you enjoy detailed financial analytical work and working with a variety of people then this degree is for you!
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