Like most business fields, obtaining a Master’s in Finance can lead to higher salaries and greater job stability — finance is one of the fastest growing industries. But unlike other business degrees, a Master’s program in finance offers specialized training in the management of money. Whether that includes financial reporting or the management of investments and assets, the specialized expertise of degree holders allows them to make a significant impact on the financial health of the organizations they work for.
In fact, the economic crisis of 2008 made it impossible to ignore the importance of specialists in finance. Add to that developments in FinTech and data science, and it’s no surprise that financial analysts and managers who can adapt to specific changes in business are in strong demand. To address these developments, Master’s in Finance programs train individuals to become specialists in evolving fields including economic theory, computational analysis, and financial management. The result? Degree holders become voices of authority that offer solutions to evolving and complex financial problems.
Most programs simply require a bachelor’s degree from an accredited university and either a sufficient GRE or GMAT score. Recommendation letters may also be required for consideration.
Graduates often have higher starting salaries and are more likely to be given management positions. The time graduates spend in school often opens networking opportunities as well.
Aside from the higher salary and chances for employment, a master’s program can open a valuable opportunity to network and gain valuable subject expertise.
Graduates often become financial managers, analysts, and advisors for a variety of organizations. They can even pursue a doctorates to become professors.
GMAT requirements will change depending on the school. Most department websites state whether it is a requirement or offer a number you can call to learn more.
The ability to solve emerging challenges in financial management means degree holders are at the forefront of the industry. In that sense, a Master’s in Finance is best thought of as a wise investment that leads to a wealth of opportunities in the dynamic world of business.
For more more resources and career information related to this degree, please read our career guide here.