MBA in Finance Salary

MBA in Finance Salary

An MBA in finance online degree offers the best of both worlds to a new graduate, providing the practical knowledge and skills required for a career in finance with the theoretical grounding necessary to advance your personal knowledge levels on the job. It also opens doors into positions that might not be available to those without an advanced degree from business school.

An online MBA programs in finance is an especially valuable credential when seeking employment internationally.

According to the Bureau of Labor Statistics (BLS), professionals working in financial occupations earn some of the highest wages in the nation. In fact, these workers earned an average annual salary of over $134,1800, which is about $20,000 more than the national average. And aspiring finance professionals can boost their incomes even further with an advanced degree.

What Is an MBA in Finance?

An MBA in finance is a master’s degree in business administration (MBA) that emphasizes the practice of financing organizations. This advanced degree often comes with greater undergraduate preparation in mathematics and statistics than that of other MBA degrees. In addition to the study and practice of financial management, an MBA in finance may include training in accounting, economics, operations management, marketing, human resources management, securities analysis, and risk management.

In addition, MBAs develop expertise in financial areas such as compliance, accounting, and budgeting. Coursework includes modern financial theory, capital markets, and investment banking.

An MBA in finance provides adopters with the skills and capabilities to solve complex financial problems and make optimum use of financial information. Graduate, professional or executive education in finance, such as an online MBA is incredibly valuable for professionals aiming to advance their career. An online, graduate degree in finance will provide learners with an incomparable understanding of price analysis, investment management, global markets and market forces, basic business idea translation, wealth management applications of corporate finance and macroeconomic conditions (to name a few topics).

What Can You Do With An MBA In Finance ?

Why Should You Get An Online MBA In Finance ?

Getting an MBA in finance is a great way to step up your career. Earning an MBA in finance online gives you access to the same quality education, but proves to be very convenient.

An online MBA in finance will challenge you to develop a keen understanding of financial theory, corporate finance, investment analysis and more. Earning an online master’s degree in finance will make you well-positioned for advancement in a variety of fields including accounting, investment banking, real estate, insurance and more.

MBA in finance programs give you the chance to get a degree with one of the highest salary pays post-graduation, allowing you to take advantage of career opportunities in a wide range of finance sectors. The MBA is a unique type of degree because it allows you to benefit from the expertise and research of many professors and professionals. In addition, MBA students are encouraged to build connections with each other, their professors, and companies they want to work for. Also, check our guide on scholarships for business majors and cost of a masters degree here.

The MBA is a degree that gives graduates comprehensive business knowledge and acumen. It can prepare graduates for senior finance roles such as financial analyst, chief financial officer (CFO) or investment banker. It is a postgraduate qualification that lasts for two years, three years or possibly longer – sometimes with a dissertation or coursework element added on to the end. In these occupations, salaries typically range from $50,000 to $90,000 with a median salary of $68,350, while upper-level positions can make well over $100,000.

Salary Of An MBA In Finance Graduates

This program provides the specialized graduate-level curriculum that students need to excel in this competitive marketplace. The master’s degree in finance equips learners with specialized financial skills and advanced knowledge of financial and business decision-making, preparing them to serve as leaders in a variety of businesses across industries.

The unique combination of the financial and economic big-picture, excellent leadership, and comprehension of global business creates an excellent preparation for executive roles. Because of its interdisciplinary nature, the MBA offers a wider range of career options than a typical MBA.

The PayScale website notes that finance MBAs make a median salary of $97,000 — more than $30k more than those with only a bachelor’s degree in finance. One’s salary also depends heavily on one’s occupation, location, and level of experience. As an example, entry-level financial controllers make an average of $63,000 per year, while those with more experience can earn almost $88,000 as well. Financial directors and chief financial officers also enjoy generous salaries ranging between $82,921 and $132,597, according to PayScale. Check out our guide on landing a job here.

Comparison of Average Annual Salary By Occupation And Degree Type

Senior Financial Analyst (MBA)$80,062
Financial Analyst (Bachelor’s)$60, 378

Professional Organizations For Finance

Professional organizations play an important role in helping finance professionals earn certifications, continue their education, and stay current on developments in the field. Many organizations also host forums and conferences that advance the field and encourage professional networking. Most important, these organizations provide career guidance to help prepare members for success in a rapidly evolving and constantly changing industry.

American Association of Finance & AccountingAAFA helps employers find finance and accounting talent by connecting executive search firms in North America. AFA also offers job-finding tools for professionals in these fields.
Government Finance Officers AssociationSince 1906, the GFOA has represented government finance professionals throughout the United States and Canada. Among its many activities, this association offers networking and training opportunities, supports research and best practices, and produces a variety of publications.
Institute of Management AccountantsThe Association of Accountants and Financial Professionals in Business (IMA) is a leading professional association for financial and accounting professionals. They run certification programs, host conferences, and provide tools for career advancement.
Society of Financial Service ProfessionalsIn addition to annual conferences and continuing education, FSP offers numerous other professional development opportunities. A number of local chapters of this multidisciplinary organization are located in the United States and produces publications as well.
Association of Financial ProfessionalsAFA provides continuing education courses, conferences, and other networking opportunities for financial and treasury professionals.

FAQs About MBA In Finance Careers