Choose your pathway: Financial Manager
A Master’s in Business Administration is a versatile degree that can lead to a variety of roles. A specialized MBA, like the online MBA with a Finance concentration, can help even more. Specializing your skills and experience gives you an advantage over your competition, which makes landing your ideal role that much easier.
What kind of careers can an MBA with a Financial concentration prepare you for? One option is a financial manager.
What do financial managers do?
Financial managers help keep organizations in nearly every sector financially healthy. Professionals interested in a career as a financial manager must be able to create financial reports, understand investment strategies, and think critically and proactively about long-term financial goals. Approximately 30% of managers work in finance and insurance industries, while the remainder work with government entities, private corporations, and professional services.
What is the career outlook for financial managers?
Finance is a great field for steady career growth. No matter the state of the economy, companies need financial experts to protect their assets and increase their bottom line. That’s why financial management is projected to add 593,500 jobs from from 2014 to 2024 (U.S. Bureau of Labor Statistics, 2016). That’s 593,500 new opportunities for qualified business experts.
As globalization increases, career security for financial managers is likely to increase as well. The U.S. is a major international financial center, which means the number of corporations working with foreign markets is growing. Many of those companies will need financial managers to ensure their financial health.
What can you earn as a financial manager?
Financial management is all about numbers. One number that stands out is this role’s earning potential. In 2015, the median annual wage for financial managers was $117,990. The highest 10% earned more than $187,200 (BLS).
The median starting salary for MBA graduates in 2015 reached $100,000, a $45,000 jump from bachelor’s-level business professionals (Graduate Management Admission Council, 2015). Finance MBA graduates can expect even more. Finance-focused MBA graduates earn a median salary of $130,000, making Finance one of the highest-earning MBA concentrations available at the mid-career level (Poets & Quants, 2016).
What’s your next step?
Step 1:and get started.
An enrollment advisor will contact you to start the enrollment process and answer any in-depth questions not covered in our FAQ.
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