MBA in Finance | Is this Specialization WORTH IT? #Finance

it’s fairly common knowledge at this point in time that an mba is generally a worthwhile degree to pursue it gives you a well-rounded knowledge of business concepts and how companies apply them but even within that degree there are many mba programs out there that offer

specializations or concentrations and with these you take some additional coursework in a particular subject and in this CashNews.co we’re going to talk about the mba in none;">Finance specialization who it’s for what you can expect in terms of content and is it worth it so let’s talk about that right now so for starters who is this for now the reason you’d want to pursue an mba with a specialization in

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance obviously is that you have some kind of interest in a career or some job function in text-decoration: none;">Finance or maybe you at least think that you’re interested now Finance can lead you down many different career paths just to ground

us on what Finance is i’m going to take a definition straight from one of my favorite online resources investopedia we’ll see what they say

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance is a term for matters regarding the management creation and study of money and Investments typically when we think in those terms it’s generally

forward-looking how do we make the best business decisions today such that we can create the most value in the future when you do this you’re projecting different financial scenarios for decisions that you or a company makes in terms of career pathing this can relate to a lot of different

roles corporate strategy or consulting tends to bubble up to the top of this list those are likely going to be the most common generally in those roles you’re weighing one investment option versus other investment options for a given situation for example in corporate strategy or if

you’re a consultant you’re working with a company that’s looking to expand their sales force if we expand the sales force by 30 percent we may end up seeing a 4 return on investment each year now whether that’s good or bad really depends on what other investment options

there are out there now someone with a background in Finance or has a little bit more knowledge in the subject might think well what’s the interest rate environment

that we’re in today would we be better off just putting that money in a Savings account or maybe some low to medium risk investment if it’s possible to make a better return in those vehicles then maybe that scaling your sales force by 30 may not be a good idea but again

as someone that studies Finance or has maybe specialized in none;">Finance during an mba program you would think in those terms but going back to career for a moment i mentioned corporate strategy and consulting there are companies that specialize in both you may also look into banking or Credit card companies as well as

companies that may sell product on Credit either through their own Credit service or through a third party Credit service so plenty of opportunities here and i’ll touch on a few more here in just a little bit but really when you specialize in

Finance you are signaling to employers that you have this ability whether you go into a #1a73e8; text-decoration: none;">Finance specific role or not although this is what you likely want to do but you signal to employers that you have the ability to look at different pathways and understand the return on investment the risks that are associated with different pathways

and trying to make using some form of analysis what is the best decision we can make today and that’s going to be useful in a lot of different roles and if that seems like something you would enjoy learning about or learning how to do and you would enjoy your career in doing so then this

specialization might be for you now what content will you see now you might see some variations amongst mba programs when they offer a Finance specialization but generally

what you’ll find are corporate Finance related curriculum just to give you some examples i’ve pulled up two different universities and their mba specialization

curriculum one is lsu and in this case they offer a handful of different courses contemporary Investments contemporary issues in Finance financial

href="https://cashnews.co/markets" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Markets and institutions and financial analytics and these courses seem a little bit broad but there’s a lot of information you really can pack into these courses but again this is just to

give you a general overview of Finance now one thing i will mention as i’m going through these courses is that although these are specializations in

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance you’re still not going to go all too deep in none;">Finance if you really wanted to go deeper down that path you may explore a masters in Finance directly as opposed to an mba or you may consider pursuing

your cfa certification and if you want to check that out i’ve got a link in the description below of some preparation material and you can also learn a little bit more about the cfa and that being a potential option if you want to go into

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance but with that said every mba program is a little bit different there are some really interesting courses out there the other ones i’m going to feature here are from unc now looking at unc which is actually

ranked as a top online mba program and the full-time program for that matter is also incredibly highly ranked you can see the electives that are offered here to get an idea of not only the content you may find but also gives you an idea of the types of roles that might be available after graduation

related to those topics so there’s a good amount of variety here depending on what it is that interests you the most and where you might want to take your career so that when you get to a potential interview with a prospective employer you can say that you have your mba with a specialization

of Finance and you have familiarity with some of these specific topics and if that role is related to those topics then you have an advantage now thinking more broadly

outside of corporate strategy and consulting there’s other companies and other Industries when you think of everything that’s listed here in terms of content and curriculum you

may also think of banking just general maybe Investment Banking or maybe not specifically Investment Banking but other banking as well as Credit card companies so when you look at these courses you also want to think about the different divisions

that exist within companies in banking in consulting or in any major corporation there’s a lot of these subjects or a lot of this material that’s going to be applicable to certain parts of those organizations you may also want to consider working a little bit backwards you may want to

go on linkedin or indeed and look at some of the Finance related roles and try to identify if any keyword or any particular skill or subject matter expertise is listed as a

requirement see if there’s anything that pops up most often and see if any of those match up to some of the coursework that you see that i mentioned just a moment ago and provided it sounds like something you may enjoy then this may help inform your decision making when it comes to exploring

mba programs with Finance specializations and then of course when it comes to actually selecting the specific courses in the program now is it worth it worth of a degree i

tend to think of it more in terms of value this is a function usually of money and time invested versus the expected return usually in the form of Income and or job satisfaction coincidentally this is very much a bold; color: #1a73e8; text-decoration: none;">Finance exercise whether it’s worth it to you really depends on whether you think you’ll enjoy Finance

in terms of learning the material and also going into a career that’s Finance related and if you have any doubts as to your interest level in

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance one thing i’d recommend is you can go to a website like coursera i’ve got a link down in the description below you can go and check out but go to coursera and

explore some of the courses in Finance some of the more popular ones which again i’ll list down there and take those courses you can actually check to see if you enjoy

the subject matter but really the whole purpose is to understand whether you like it or not before you even think about committing to any mba program now the real question is financially is it worth it now this depends on the school as well as your career goals the answer is usually yes any role in

Finance tends to be very well paying and they can be quite lucrative depending on the role and the company now the Income you earn after graduation depends a

little bit on the school but also i would say more importantly your ability to network and connect with the right people in the industry in which you are interested now i would say on average mbas tend to command pretty solid salaries now we’re looking anywhere from 70 80k on up i would say

the six figure mark maybe is a little bit above average when you consider all of the mba programs out there so knowing that there’s also some programs out there when you think of top ranked mbas the average salary after graduation is quite a bit higher but nonetheless there’s some

statistics that you can look into on that i may have some more information down in the description below but when you think about the money that you’re investing into an mba program there are some programs that are anywhere from twenty to thirty thousand dollars for the entire program and

then some that are around the one hundred thousand dollar mark and there’s some that are even more expensive than that but really i’m looking at the ones that have none;">Finance specializations as an option now generally speaking the higher the price of an mba program the higher ranked it is and usually with a higher ranking comes more of a reputation more visibility as a brand and they tend to attract a lot of employers so you will end up

seeing on average better opportunities and the opportunities themselves will come a little bit easier because again you have those companies coming out to that school to recruit but this is not always the case it is by no means a guarantee that you’ll land some phenomenal opportunity after

graduating even if you go to this well-ranked school there’s no guarantee that you’re going to command the salary that at least on paper and according to the statistics say that you might be expecting depending on your financial situation some of those top-ranked programs might not be

affordable they might not be reasonable but even then you’ll be very well served in any established acCredited university mba program so long as you do well in class you do well in your group projects you build those connections and you network like crazy you will find

success but as far as programs go one good place to start is by checking out my CashNews.co on top affordable online mbas many of which offer various specializations even outside of none;">Finance so you have some options to explore and if after watching this CashNews.co you decide that maybe Finance isn’t the right path for you or

isn’t the right specialization but perhaps you still want to do an mba you want to check out my other CashNews.co where i talk about the top 5 mba specializations