Any post graduate program holds an
immense importance in a person’s career. Having a bachelor’s degree is at times
not sufficient for guaranteeing a successful work life, as it gives you the basic
theoretical knowledge of theories but lacks the practical expertise. One such
post grad program which is universal and is usually on the list of everybody’s career
chart is MBA. In this article, you will read about MBA in finance in detail.
Although
MBA seems to be a very common program, it stills holds an eminent position in
the short listing criteria of a number of companies. If you too are an MBA
student or starting to apply in MBA programs, you need to know about various
specializations offered in the regular post-graduate program. While a large
number of new specializations are added in India’s MBA curriculum, one course
that seems to have become evergreen is the MBA in Finance. Let’s delve more
into this
specialization.
The
Evergreen Specialization
While
financial study being all about numbers scares a lot of people, provides a
thrill to others. If you are in first year of your MBA program and soon to
enter in the second year where you have to make a decision of what
specialization to choose, you will notice a large number of students opting for
finance. The reasons why MBA in Finance continues to be in demand as compared
to its counterparts are:
Reasons of Popularity
There
are a lot of factors that make being finance professional a sweet deal for
many. Some of them are:
·
Stable sector
Despite many ups and downs in the economy, the one thing that
holds its importance is money. Because finance sector is based on money, it’s
also extremely stable, with job opportunities always being there.
·
Big paycheck
Around the world, finance professionals get maximum pay when
compared to any other sector. It’s also because of the fact that it’s a crucial
department and a lot rides on it.
·
Extended work
opportunities
The job opportunities are very high in the finance sector, with
a lot of options to choose from. Being an MBA in Finance graduate, opens the door
to a variety of work ranging from financial companies, banks to managing money
matters of any other company.
·
Reputation
It’s still an unsaid feeling among many people in India that
those who are a financial expert are different from the other lot of people
working in other fields.
However,
to take advantage of all the above mentioned and many more perks, you will need
to be different from other Finance students in your class, so as to become the
first choice of companies.
How to get a
job before everyone else in your class?
Wouldn’t
it be great that every finance company that comes in your college for
placements, select you? If this idea seems great to you, then trust me it’s
possible. Here’s how:
1. Have Information
You need to know everything happening in the field of
finance, you should have an idea of the current rates of everything from SLR to
Bank Ratio.
2. Forecast by Analysis
Along with the things happening now, you should also be able
to forecast what the scenario would be in the future.
3. Give Time to Soft Skills
A good work on your soft skills is utmost important. Remember
that even though it seems that the finance sector may not require much
interaction, but it does. So, work on your communication skills in terms of
both verbal and nonverbal.
4. Be a Problem Solver
Find problems in the economy, in respect to financing and
have an answer ready for them. Discuss these problems and your proposed
solution with experts or your professors.
5. Network
The day you decide to make a career in finance, go out and
send invitations to finance professionals on LinkedIn and every other
networking site.
Tip: read their skills and try to learn from them before you
start looking for a job.
If
you know that the finance is your calling, go for it. But, be ready to work
very hard while giving a lot of attention to your soft skills. Remember, good
things happen to those who work for them.
Author Bio-
Tripti Rai writes on the
behalf of shiksha.com, she advises students on right career choices, exam
advices, educational institutions, etc. Along with education, she also likes to
talk about real estate whenever she gets a chance.
6 comments:
I often hear, "I just got my MBA so I expect to make $x amount more money because of it." I always immediately retort, "Said every person who just got their MBA
Skills for GMAT
A graduate degree in Business Administration (MBA) will teach you advanced management skills that will help you manage your franchise business, regardless of whether you buy or sell a franchise. The mba curriculum focuses on such topics as accounting, management and marketing, and they are important elements for successful franchise business management.
An MBA degree definitely differentiates professionals from the herd. But we must prefer not just any MBA degree but an MBA degree from a premier business school.
Survive in TOEFL Exam
If you look through the job descriptions of almost all senior positions across industries, you can see that MBA is the preferred degree, though perhaps not mandatory.
Skimming in IELTS
There is a LOT of group work during my MBA classes which some shy people are not fan of. After working all day, the last thing they want is to meet for extra hours outside of class time, but I like this.
ielts speaking questions
Every company must have its very own finance department regardless of the nature of their business. Hence, job opportunities are always vast within this sector so you will have higher potential of being hired if you have certification in this field. Experience increases that potential so after the degree phase, you might want to further that step even more.
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