Most leading financial organizations give preference to MBA degree holders for finance jobs. With more students opting for a Master’s degree, MBA finance jobs are widely in demand.
MBA Finance Jobs: Options
Students who possess an MBA degree in finance, accountancy, economics and statistics can apply for the following jobs:
Treasurer: This is one of the highly paid jobs for MBA students. The average annual salary of a treasurer is $97,000. A treasurer performs major functions of carrying out capital-raising strategies and supervising the investment of funds.
Financial Analyst: This professional assists clients on investment decisions after examining their financial statements. One can manage an entry level position of a financial analyst with a bachelor’s degree in accounting, finance, economics and statistics. However, an MBA degree is a must for ambitious candidates who want to work in large financial companies and get respectable salaries. An average financial analyst may earn around $58,000, excluding benefits and bonuses.
Budget Analysts: A budget analyst is an important professional who plays a significant role in developing the annual budget of a company. Most organizations hire only MBA degree holders for the position of a budget analyst. This designation commands an average annual salary of $55,000.
Personal Financial Advisors: As a financial advisor, your core job will be to ensure that clients meet their financial goals. Thorough understanding of various investment strategies, insurance and tax laws is crucial. The annual average salary of a personal financial advisor is $66,000.
Loan Officers: The job is to help individuals and businesses seeking loans. A loan officer evaluates customers’ creditworthiness after checking their track records. S/he also advises clients on the types of loans that may suit their requirements. Knowledge of computers is an added advantage.
Accountant: The main task of an accountant is to study, plan and make suggestions regarding accounting theory and practice. Accountants who hold an MBA degree are sure to gain an edge over others in pay scale and designation.
Collector: This is one of the entry level positions for MBA students. The job entails collecting payments on overdue accounts. Experienced MBA degree holder can apply for senior positions, such as head of department in collections or accounts receivables. A lot of client interaction is involved in collections, so sound communication skills are vital for this job.
MBA degree holders may also apply for the position f an auditor or bank teller, which are entry level jobs. Although a bachelor’s degree holder can execute these two jobs perfectly well, an MBA is sure to earn more and get one to the senior positions quicker.