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Saturday, November 26, 2022

How a Graduate Finance Degree Can Impact Your Career

If you’re interested in pursuing a career in finance that involves leading others in a business setting, then it’s more than likely that you’ll need a graduate finance degree to qualify for your dream role. If you, like many others pursuing a graduate finance degree, are a busy individual with a full-time work schedule, there are options out there that can accommodate your active life.

You can take advantage of programs that offer flexible course loads that don’t hinder you from working your job. By taking the time to invest in yourself and further your education, you can set yourself up for an opportunity to step into an impressive role that allows you to explore your full potential.

Look for Programs with No GMAT Requirements

Getting an MBA in finance can take a good amount of time, effort, and money. With this being the case, there’s no reason that you should spend extra time and money that you don’t necessarily need to. The GMAT exam costs over $200 and requires many hours of prep and study. If you already have great grades in your undergraduate program, then there’s no reason to try and prove yourself more.

Programs that don’t require applicants to take the GMAT will judge applicants based on their undergraduate grades and relevant business experience. Rather than expend more energy and lose more money, look into programs that offer online masters in finance with no GMAT requirements.

Salary

If you’re already a working professional making an average income, you may be wondering if pursuing an MBA is worth it. Well, according to Payscale, the median annual salary for MBA holders was $101,000 in 2021.

Of course, salary can vary depending on what your role in an organization is. One job with an impressive salary that requires an MBA in finance is that of a CFO or Chief Financial Officer. According to Indeed, the average base annual salary for a CFO is a whopping $134,103.

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For those with the ambition and drive to aspire to roles such as CFO, an MBA in finance is an important requirement. An MBA in finance shows employers that you have the skills to lead others in a business setting and that you have an understanding of the intricacies of finance.

Standing Out

Though many job roles require an MBA in finance, having this degree can help you stand out as an applicant for jobs that don’t require it. Employers understand the leadership skills and depth of knowledge that you gain from obtaining an MBA in finance and are often more likely to hire candidates with these skills.

No matter what business role you end up pursuing, an MBA in finance can help you stand out from the rest of the pack. Getting a decent job can be hard, and getting an amazing job can be even harder. By taking the time to further your education with an MBA in finance, you put yourself one step closer to landing that dream job.

Job Growth

No one wants to get a degree, only to find out that it’s difficult to find a job in a certain field. Luckily, if you’re intent on pursuing an MBA in finance, there are many employers looking for candidates with your qualifications.

According to the BLS, financial manager roles are estimated to grow 17% between 2020 and 2030, more than double the average growth rate of jobs at only 8%. The rapid growth of financial management positions in the United States means that you’ll have ample opportunities to put your degree to good use and land a career soon after acquiring your graduate degree. What’s more, with an MBA in finance you’ll be qualified to work in a multitude of other positions within the business sector. Pursuing a graduate finance degree is a great way to invest in your future and qualify yourself for many impressive roles.

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Skills and Knowledge

There is a reason that employers are always on the lookout for MBA holders. Having an MBA communicates to others that you have the business knowledge and leadership skills necessary to excel in a business setting. Oftentimes, when employees are adding an individual to their team, they want to be assured that this individual will already be familiar with the environment and responsibilities of a typical business organization.

By obtaining an MBA, you can show employers that you’re ready to step into significant roles in their organization and succeed. Whereas having a BA in business is alright, an MBA communicates that you’re committed to working in the business sector and have the leadership qualities to take charge of projects and lead teams.

Take Your Career to the Next Level

Investing the time to obtain an MBA in finance can catapult your career to the next level. With more schools offering online programs and flexible programs, working individuals can further their education without sacrificing their jobs and income. If you’re ready to explore your career options and reach your potential, look into MBA in finance programs and see what furthering your education can do for your career.

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