If you are considering an adjustment in your career or to increase your earnings potential most professionals opt to return to school for business. If you’re looking to sharpen your expertise in a specific area of business mastery, a specialization in the field will provide you with the information and experience to distinguish yourself in the global market for jobs.
At Hult there are many students who choose to pursue this option through a practical 1-year Masters of Finance. Many may have a couple of years of experience in business and are now looking to increase their professional credentials and get exposure to the world. Others are looking to explore a different field of business and are looking to improve their skills for the variety of lucrative careers that can be found through a finance education, from commercial banking, to market analysis, or investing.
If you’ve chosen to pursue a master’s degree in finance, then you’ve thought about the impact it’s going to impact your career. But, if you’re thinking what opportunities you could pursue with the degree of a Master of Finance degree, here are the four most well-known and lucrative career paths that are available to students who have the MFIN degree.
1. Finance for business or entrepreneurs
If you’re interested by the analysis of bottom-line results, financial analysis in corporate is an favoured career choice that offers a wide selection of options for ambitious students.
Corporate finance is the process of managing the company’s finances and capital efficiently, and making crucial decision-making decisions in business and investments to bring in profit for the business and provide value to shareholders. In the field of finance for corporate entities, one can be employed by a variety of businesses across all industries, from big, multinational corporations to smaller, family-owned businesses.
The finance department of any business is the most important factor in its success and growth. It is also an excellent career choice and Chief Financial Officers one of the most lucrative positions in the field of finance. If that’s your primary career objective, you’re most likely to start as an accountant or financial analyst within an organization, and then work to climb the ladder. With the growing trend towards self-employment, entrepreneurship finance is another sector of finance to think about. This is why we frequently offer it as an optional option to our Master’s-level learners at Hult. Understanding the financial and business methods required to manage a successful startup is a desirable addition to your resume. It’s particularly useful for those who are interested in starting your own business, getting financing, and ensuring financial control.
2. Banking for investment or commercial
Although corporate finance is an extremely lucrative and lucrative career, students who work in banking usually enjoy some of the most lucrative beginning salary in the field of finance. Which of you decide to work in the field of investment or commercial banking is a huge decision based on your own personal abilities and ambitions.
Commercial banks are the ones that most customers and business owners have to deal with in daily banking, from creating savings accounts and requesting loans. Communication skills that are excellent in interpersonal settings are essential for the commercial banking industry because many positions are either customers or clients-facing. The opportunities for employment in commercial banking range from loan officers to mortgage bankers to credit analysts.
It is sometimes regarded as more glamorous, but it is a highly competitive industry to enter. Investment banks handle massive and often complicated financial transactions, which include the purchase of bonds and stocks, and company mergers and acquisitions. There are many career paths to choose from other than high-return trades. You could work as an analyst in finance or risk and compliance officer or a mergers and acquisitions consultant.
3. Private wealth management
If you’re looking to manage financial assets, but you feel the time and energy required for investing banking aren’t right for you A finance degree could make you a good candidate for a job working in wealth or private banking. Instead of overseeing the investments and finances of large corporations and governments as well as large corporations, you’ll be in charge of the assets in the financial accounts of wealthy people.
Private Wealth Management, often referred to as personal banking is aimed at helping wealthy individuals manage their money effectively. Private banking provides a personalised service, ranging from tax planning that is efficient to offering advice on stocks and setting up trust funds for families.
Two main roles within private banking are the management of relationships and investment. Each requires a strong financial background, yet they differ in the other competencies needed. Relationship managers, similar to those working in commercial banking depend on strong interpersonal abilities in order to be able to communicate with customers and establish connections, as the name implies.
Investment managers are, however manage funds, so analytical abilities and a thorough understanding of markets are crucial. When you are an investment professional you could directly handle the client’s account or perform an advisory function usually working in conjunction with the relationship manger in order to suggest financial products.
4. Accounting
According to a report from the past that was released, accounting is the field that employs the most master-level finance students. Corporate accountants who are successful or CPAs will inform you that a career in accounting is more than simply calculating numbers. Along with numerical and analytical proficiency, understanding corporate tax laws and regulations is essential to the accounting profession.
In the realm in accounting, forensic accounting might be a viable option for students of finance who have an eye for analysis of data and a keen desire to learn about the international regulations for financial transactions. Part private investigator , an expert in finance Forensic accountants investigate the possibility of embezzlement, as well as other financial criminals. It’s a dynamic field that is constantly changing, and for forensic accounting,, your everyday tasks could involve you tackling anything from debunking an elaborate money laundering scheme to tracing the source of funds for terrorist groups.
In the end, careers which deal with the creation, management or analysis of money are the top sought-after and lucrative careers for graduates of business. Whatever your ambitions in life you’ll find that a Master of Finance can help you succeed in this rewarding field of business. Its 1-year Masters in Finance was designed to equip professional who are globally-minded and ambitious the skills they need and the international knowledge they require to succeed.