Options After an MBA in Finance
- An MBA graduate with a specialization in finance can apply for finance or accounting positions. Accounting roles focus on financial reporting of the current state of the business, while finance roles deal with strategy and money management. While many jobs for finance MBAs are within the traditional institutions of investment banks, corporations and securities firms, the graduate is in an excellent position to follow a career in the consulting industry.
- Financial managers are responsible for conducting the financial analysis within a company and producing the financial reports, which are key elements in the decision-making and strategic planning processes. They also develop cash management strategies to help the company grow efficiently. Knowledge of mergers, global finance and acquisitions is useful in this role.
- Accounting managers have responsibilities for tax reporting and management and creating income statements. MBA finance graduates may have to take the Certified Public Accountant exam to qualify for this position. The ultimate job for an accounting manager is as corporate treasurer or Chief Finance Officer.
- The controller oversees the production of a company's financial reports to summarize and forecast the company's current financial situation. The budget, auditing and accounting departments are all the responsibility of the controller.
- Responsibility for controlling the cash flow rests with the cash manager. She is responsible for monitoring both the accounts receivable and accounts payable transactions and ensuring that the cash position of the company satisfies its business needs, both current and future.
- Management consultants require a wide base of knowledge, in addition to their finance specialization. In temporary positions within companies, they address a broad range of problems and issues for which they develop solutions. Management consultants often become experts in one part of the business process or in a particular industry's business needs.
- Graduates with an MBA in finance often start in an investment bank or investment firm at the associate level. They may work in mergers and acquisitions, real estate or equities research. After promotion to the position of an investment banker, graduates liaise between companies that need money to grow and investors who have money to invest.
General Career Paths
Financial Manager
Accounting Manager
Controller
Cash Manager
Management Consultants
Investment Banking
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