The global financial crisis of 2007-2008 shook the business world to its very core. Companies once thought invincible were in fact quite vulnerable to market fluctuations. Surviving organizations came to view skilled executives as critical to overcoming threats, and businesses across the globe came to realize that forewarned is indeed forearmed.
In the wake of the 2007-2008 crisis, business professionals with an MBA in finance are in greater demand than ever before. Businesses have experienced the consequences of executives who are not well-versed in key financial concepts. Executives who can predict and minimize risk are now essential to a company’s success.
To evolve — despite post-crisis fears — corporations must take risks in such areas as expanding market reach, creating new products or services, or increasing production. Companies now know, however, that these risks need careful assessment, management and monitoring at the hands of corporate leaders adept at gauging if, how and when the risks are worth taking.
A Bright Future
Given the demand for fiscally savvy executives, an MBA in finance can lead to a career in a variety of sectors, including investment banking, insurance, securities, private equity, and mergers and acquisitions, just to name a few.
According to U.S. News & World Report, “Graduates with an online MBA in finance will not only see greater financial rewards than those in other business specialties, but increased job satisfaction as well. Mid-career professionals with a finance MBA earn a median salary of $120,000, and 70 percent report high levels of job satisfaction.” The estimated lifetime earnings of those who earn an MBA in finance are also among the highest of all MBA grads.
Furthermore, MBA graduates have an edge on the job market. 88 percent of corporate recruiters plan to hire MBA graduates, according to a 2016 Graduate Management Admission Council survey.
Getting the Right Education
For working professionals considering an MBA in finance, one of the most attractive options is an online MBA program, which allows students to integrate the degree program into their already-busy lives.
Texas A&M University-Corpus Christi offers an online MBA program with a concentration in finance. Program graduates gain industry-specific knowledge, analytical skills and communication training to help navigate financial crises. Coursework includes multinational finance, investment and portfolio theory, financial markets and more.
An MBA in finance prepares executive managers for key roles as leaders in new industries and global companies looking to thrive, if not survive, in an increasingly volatile market.
Learn more about the Texas A&M-Corpus Christi online MBA in Finance program.