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Finance Is One of the Best MBA Specializations

The field of finance is expected to produce extraordinary job growth across a variety of positions between January of 2018 and January of 2026, according to the U.S. Bureau of Labor Statistics. There are increasing needs for a range of positions including financial managers and analysts -- each with faster than average growth prospects.

Position Projected Employment Change 2016-2026 Job Growth Percentage
Financial Analyst 32,200 11 Percent
Financial Manager 108,600 19 Percent

Supported by Specialized Training

An MBA with a concentration in finance provides the preparation you will need to pursue these positions and others in finance, for which the MBA is typically the expected level of academic achievement. According to a Monster article on the Best-Paying MBA Majors, "Finance is known as an MBA-heavy field." Poets & Quants confirms the value of focused programs for such an MBA-heavy field, saying, "The generalist training of the MBA degrees, coupled with the ability to concentrate in a specific area, makes it more valuable to employers."

A general MBA provides the post-graduate educational foundation required for success in a wide variety of business roles including finance, but this concentration provides a tighter focus on financial services. MBA students specializing in finance focus on financial management, planning, analysis and security sales, as well as other related disciplines.

If you have any concern about limiting your potential opportunities, the finance industry offers great diversity in career paths, with positions suited to a wide range of natural aptitudes and interests.

Whether you are inclined toward mathematics and statistics, working with clients or managing skilled professionals, there are rewarding, high-demand positions available. Each offers paths to greater challenges, authority and compensation as you advance in your career. The key to finding your greatest degree of potential career fulfillment is to match your skills with these common career paths before you explore the many niches available within each.

Valued by Employers

Earning an MBA, especially with a specialization, is a proven way to advance your career. According to the GMAC 2017 Year-End Poll of Employers, nearly seven in 10 employers hired MBA graduates in 2017, which was a banner year. In 2018, 83 percent of employers plan to hire new business school graduates. In addition, a new trend is emerging which bodes especially well for MBA graduates with a finance specialization: In 2018, a greater share of companies expect to hire more specialists (40 percent) than generalists (28 percent), when the balance was roughly equal in 2017.

While many MBA finance graduates eventually pursue highly specialized careers, new graduates can find opportunities in nearly every industry, with almost any company. Focusing your MBA provides targeted training as well as nearly limitless career paths.

Learn more about USC Aiken's online MBA with a Specialization in Finance program.


Sources:

Monster: Best-Paying MBA Majors

Poets & Quants: Highest Paying MBA Concentrations of 2016

GMAC 2017 Year-End Poll of Employers

U.S. BLS: Outlook for Financial Advisors and Similar Occupations

U.S. BLS: Personal Financial Advisors

U.S. BLS: Financial Managers

U.S. BLS: Financial Analysts

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