It seems to be a clear trend for many professionals. The closer you get to a money management role, the more you’ll make for yourself. That is one of the reasons that make careers in finance a hot favourite among MBA students.
Here’s a list of the top 10 MBA Finance programs in the world that can get you closer to your career (and financial) goals.
Professionals in the finance sector usually take home fatter and juicier pay cheques compared to their peers in other industries. A lot of MBA aspirants hope to land a high-paying post-MBA job in investment banking, corporate finance, private equity and related fields which are looked upon as the top ROI (Return on investment) options by many. The other popular areas include venture capital, retail/corporate banking, hedge funds and forex management.
So, if finance is where you see yourself post-MBA, it would help if you channelize your efforts in the right direction by getting into a top university that can provide you with the required finance knowledge and job assistance.
A specialisation in finance gives you the theoretical and practical knowledge in various finance related areas. These insights would give you a clear perspective of the responsibilities associated with each role thus helping you make the right career decision.
The internship opportunities serve as the testing ground for you to know what suits you the best. You’ll also find out if you’re comfortable in the professional role that seemed so attractive when you read about it. We list the top business schools in Finance as per the rankings provided by US News.
The MBA curriculum offers flexibility in terms of opting to take the entire core course or being able to waive several courses and focus on the electives that suit your interest or career goals. The MBA program allows you to choose your two-year focus.
There are various options like an entrepreneurial focus, marketing focus, financial services focus among others. The school uses a combination of lectures, case study and simulations as well as practical methods to deliver the latest updated content to give you the best possible learning experience.
You can opt for finance or analytic finance concentration. The finance concentration covers both corporate finance and investments. Corporate finance helps you decide the course of financial planning and financial decisions for a company.
Courses in investments will teach you about financial markets and the various aspects to be considered while making related decisions. The analytic finance concentration dwells on various financial theories and application of these theories in the business world.
You can also keep yourself busy by participating in various activities and events held by various groups that will give you more exposure to the finance world and help develop network and skills.
The MBA program offers numerous choices for specialisations in finance which include financial systems and analytics, quantitative finance, banking, corporate finance, financial instruments and markets.
The diversity in the number of choices ensures that you get to delve deeper into a particular area and thoroughly understand the responsibilities associated with the various roles. The faculty is involved in constant research so that they can train you with the specific required knowledge and the latest market practices in that field.
The finance and economics division is the largest at Columbia University. This division offers three of the core courses: corporate finance, global economic environment and managerial economics. Even the accounting division has faculty with excellent track records in research, teaching and practice.
You will learn the various applications of financial accounting information and how this information can be used with advantage by managers. This division is also involved in research on various other topics like managerial accounting, tax, information economics, and corporate finance.
The first year covers the general management topics to create a solid foundation. The second year offers a flexible curriculum where you can take the electives of your choice or choose among courses offered at other Stanford schools.
A lot of finance related seminars and courses are offered and you can personalise the course of your study in the areas of your choice.
You can opt for the finance track within the MBA program at the end of which you’ll receive a certificate in finance along with your MBA degree. The finance track at MIT Sloan is specially designed to provide you with an in-depth knowledge and exposure to the various finance theories, their applications, various practices as well as the career choices you can opt for.
You’ll also be able to interact with peers having similar interests. Your elective choice will help you get a better understanding in the area of your choice. You can also participate in the onsite events or seminars and various social events outside class to strengthen your network.
For those wishing to pursue a finance career, your curriculum starts with an introduction to finance topics as a core course. The other finance areas that are covered include corporate finance, entrepreneurial finance and asset management.
The college is located close to San Francisco’s financial district. This opens doors to various job or internship opportunities in the finance sector. You can explore various clubs as per your interests or take advantage of the dedicated team in charge of financial services recruiting.
For Finance aspirants, the core course: managerial finance and theory of finance are required to be completed. The core courses provide a strong base after which you can opt for an elective.
The various career tracks with finance focus include corporate finance, investment banking, financial risk management, real estate and portfolio management.
The Finance major is the more popular option and covers the entire range of career options and industries. You can also opt for the Analytical Finance major which is a recent addition.
This major goes deeper into the technical side of financial markets and modelling.
The curriculum offers various options so that those interested in finance can take up more finance electives giving them an edge in the competition.