By Jyothi Swaroop Makena
19th August, 2023
A career in finance is one of the most popular paths amongst MBA graduates. In fact, a degree in this field prepares MBAs for roles across the finance sector by allowing them to sharpen their skills and make invaluable connections with industry professionals.
The finance sector provides financial services to a wide range of individuals and organizations worldwide. Try to figure out in which sector you want to work in: Investment Services, Banking, Or Insurance.
If you want to break into some of the more top-tier firms such as JP Morgan, Goldman Sachs and Morgan Stanley, here are the main skills you’ll have to demonstrate: Knowledge of the financial world, an understanding of numbers, persuasiveness, problem-solving, communication, and leadership.
If you want to land a top-tier position, such as financial director or CFO, your best bet is doing an MBA. This is because this level of degree will give you the strong, industry-specific skills needed to manage high-stake situations – unlike an MSc in finance, which prepares students for more general, junior roles.
While an MBA can help you impress recruiters right off the bat, industry-relevant work experience is extremely important too. Before and during your MBA, make sure you do some networking and see if you can land an internship or get some work experience in the finance sector.
The financial services sector boasts some of the highest salaries in the world for MBA grads, with an average of US$130,001. Hence, starting a career a finance might be the best decision for you.