The Top Global MBA Finance Career Paths
The Top Global MBA Finance Career paths
Career opportunities today are brimming with fresh ideas and new surprises. Careers often witness a rise or fall in their popularity over time; yet, business and finance have been popular career choices for years and will remain to be so.
Overall employment in business and financial occupations is forecast to rise 7 percent from 2021 to 2031, resulting in approximately 715,100 additional positions over the decade.
Careers in finance are exciting, fast paced and financially rewarding; they present the opportunity to work with interesting co-workers and receive quality on-job training.
This article presents the various specialisations in finance that one can pursue.
Popular Specialisations in Finance
- Investment Banking
- Asset Management
- Corporate Finance
- Commercial Banking
- Private Equity
- FinTech
Career in Investment Banking
Investment bankers usually facilitate brokering of major transactions for large institutional clients including mergers and acquisition, underwriting for equities or debt securities to raise major capital and corporate restructuring among others.
Eligibility: Engineering graduates with a flair for quantitative ability, CAs, CFAs, Commerce graduates with specialisation in business, finance, or economics
Core Competencies:
- Strong numerical and analytical skills
- Highly ambitious
- Teamwork and team leadership
- Communication and interpersonal skills
- Self-confidence and ability to take difficult decisions
- Sophisticated demeanour
Career in Asset Management
Asset managers help manage the wealth of high net-worth individuals and institutional clients. They identify suitable avenues of investment for their clients to help realise their wealth creation goals and develop and implement long-term investment strategies to achieve the same.
Eligibility: Engineering graduates with a flair for quantitative ability, CAs, CFAs, Commerce graduates with specialisation in business, finance, or economics
Core Competencies:
- Strong analytical skills
- Knowledge of accounting and statistics
- High interest in financial market
- Strong reasoning
- Innovative thinking
Career in Corporate Finance
It not only deals with raising major capital through mergers and acquisition but also actively engages with every form of decision making related to investment, capital management and other activities that help maximise the strategic growth of an organisation.
Eligibility: Commerce and business undergraduate degree
Core Competencies:
- Commercial awareness
- Problem-solving ability
- Leadership skills
- Interpersonal and communication skills
- Research-based thinking
- Team cohesion and management
Career in Private Equity
Private equity firms raise capital from outside investors, called Limited Partners, and then use this capital to buy companies, operate and improve them, and then sell them to realise a return on their investment.
Eligibility: Commerce and business undergraduate degree, engineering graduates with a quant focus
Core Competencies:
- Critical thinking
- Risk assessment ability
- Sales skills
- Extremely attentive to detail
- Networking
Career in Commercial Banking
Commercial banks offer a host of retail banking services to businesses as well as individuals, including checking and savings accounts, issuing debit or credit cards.
Pre-requisite Education: Postgraduates, MIM, MBA
Eligibility: Commerce and business undergraduate degree
Core Competencies:
- Numeracy skills
- Problem solving
- Communication skills
- Teamwork
- Customer service
- Organisation and team management
- Time management
Career in FinTech
FinTechis the application of digital technologies to deliver financial products and services. FinTech is a fast paced and rapidly changing industry and to excel, you must always be ahead of the curve. Top careers in FinTech include AI and machine learning, data science and analytics, blockchain, RegTech, payments, cybersecurity, crowd funding and peer to peer lending.
Eligibility: Finance or Math undergraduates, Engineering graduates with interest in AI, Blockchain
Core Competencies :
- Soft skills
- Problem solving
- Analytical skills
- Team working skills
- Programming knowledge
- Finance knowledge
Top Destinations for a Career in Finance :
- USA
- UK
- Canada
- Singapore
- France
- Australia
Top Business Schools for Finance :
- New York University
- Kellogg Business School – Northwestern University
- Harvard Business School
- Booth Business School – University of Chicago
- Haas Business School – UC Berkley
- Johnson School of Business – Cornell University
- Columbia Business School
- INSEAD
- London Business School
- London School of Economics
- Rotman Business School – University of Toronto
- National University of Singapore
Top Recruiters in Finance Industry
- Bank of America
- BARCLAYS
- BNP PARIBAS
- citigroup
- CREDIT SUISSE
- DBS
- Goldman Sachs
- HSBC
- CHASE J.P.Morgan
- LAZARD
- Merrill Lynch
- Morgan Stanley
- RBC Royal Bank
- STATE STREET
- TD Securities
- UBS
The selection process for an MBA in Finance abroad may vary depending on the university or program. However, the general steps for applying to an MBA program in finance abroad are as follows:
Research: The first step in the process is to research the different universities and MBA programs available in the desired location. Consider factors such as reputation, curriculum, faculty, and resources. Also, research the requirements for admission, such as GMAT/GRE scores, language proficiency tests, work experience, and academic transcripts.
Prepare and Take Standardized Tests: Once you have selected the universities you would like to apply to, you need to prepare and take standardized tests such as the GMAT or GRE. These tests evaluate your analytical, critical thinking, and problem-solving skills.
Gather Required Documents: The application process for an MBA in finance abroad may require several documents such as academic transcripts, CV, essays, letters of recommendation, language proficiency test scores, and standardized test scores. Be sure to review the requirements for each university and program carefully.
Complete the Application: After preparing all required documents, complete the application process for each university, including submitting the application form, paying the application fee, and submitting required documents.
Attend Interviews: Some MBA programs may require an interview as part of the application process. Prepare for interviews by researching the program, reviewing your application, and practicing your responses to commonly asked questions.
Receive Admissions Decision: After completing the application process, you will receive an admissions decision from each university. Compare the different offers carefully and consider factors such as cost, location, reputation, and curriculum before making a final decision.
In conclusion, the selection process for an MBA in Finance abroad requires a lot of research, planning, and preparation. Applicants should be mindful of the requirements of the program and pay attention to the deadlines. By following the above steps, one can increase their chances of getting accepted into the MBA program of their choice
IMS Study Abroad Process
At IMS, our consultants mentor you through each stage. During the Test Preparation Stage for GMAT or GRE we assist in goal setting and provide classroom preparation, practice tests, doubt resolution, and books and online resources for your reference. In the Application Stage, we assist you with school short listing, application strategy, résumé review and editing, essay editing, LOR planning and editing, application form check and interview preparation. Finally, in the Admission Stage, we facilitate your scholarship applications, connect your with loan providers, provide guidance on financial documents and visa application, coach you for your visa interview and departure planning.
To know more about finance programs worldwide that fit your goals, connect with your IMS consultant. For a profile review share your information here
Author –
Dipti Pal
Head, Admission Consulting
IMS
Ilika M
Editor, Admission Consulting
IMS
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