Finance is at the core of every sector of commercial world. Today when market is volatile and economies world over are fragile, it is the finance department that reins the business. All the industries and corporate houses need finance managers who deal quickly and prudently with financial challenges. That is the reason why students are opting more for MBA with finance management.
Businesses all over the world are now facing more challenges than the past. Number of players being large, there is tough competition in practically every sector. With liberalization and globalization in 1990s one has to compete with international players as well. Moreover, unlike past there are variety of forces that control and affect the market. With technological advances marketing strategies too have undergone a drastic change and the number of mergers and acquisitions is also growing fast.
All these factors are of a great concern not only to plan business management team but also to finance managers. Today it is imperative for all large and small business houses that they plan business strategies in compliance with the changing business environment and achieve the goals with available resources efficiently so as to maximize the profits of the company. Hence role of finance managers having deep understanding and knowledge of markets and current financial trends is crucial in every business.
Ideal financial management is a process that deals with a balance of planning and control of fiscal resources. It involves taking into account available funds/assets and planning expenditures, so that you get maximum returns on any investment. Fiscal control means keeping an eye on the cash flow. A financial manager is basically responsible for managing the incoming funds as well as their expenditure.
Today every business house has a team of financial managers and experts who deal with preparing financial reports and also manage the investment policies of the company. They plan for the future of a business so that there is a positive cash flow. Finance management requires administration and maintenance of all the financial assets of the company/business house. A finance manager must have an eye to identify and tackle financial risks as well. Here knowledge of MBA finance graduate is more useful than that of a normal MBA graduate.
Students pursuing an MBA in Finance are equipped with business and financial skills that are needed to work in a number of enterprises. They often get excellent internship opportunities while still in school, and they generally command better positions and higher salaries immediately after graduation. It is the highest paid profession today and business giants like Johnson & Johnson, AT&T, Amazon, Intel and Microsoft offer internship opportunities specifically designed for aspiring financial managers and analysts.
Today with tremendous increase in commerce and trade MBA finance graduates have more prospects than the past. They can work in various sectors in different capacities like senior financial analyst,financial controller or director, manager of a finance department, chief financial officer, commercial or investment banker, real estate or insurance finance manager etc. The scope and number of opportunities in this field being endless,students have ample choice. Finance jobs are always exciting because your efforts are reflected in profit of your company. Hence these jobs offer tremendous job satisfaction in addition to high pay package.Today when markets are uncertain and fiscal environment is changing fast, MBA Finance graduation will lead the students to senior level and management jobs in the finance sector and offer them an opportunity to lead a team.
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