Finance is defined as the control of funds and involves activities like saving, borrowing, investing, lending, planning, and forecasting. In a broad sense, finance can be seen as the methodologies that guide us in creating value out of value available to us. There are three basic classes of finance: (1) private, (2) public, and (3) home based business programs. Private finance is generally applicable to individuals and businesses with limited assets and resources. Public finance is for wider use and application and it is usually required by governments and some educational institutions.
Private Finance A private finance degree or MBA in finance and business focuses on investment strategies, investments, managing your cash flows, estate planning, investing in financial instruments, and working with clients. Some of the areas that this type of degree program focuses on include: estate planning, investments, financial portfolio analysis, financial management, investments in human capital, retirement, and small business financing. While you are taking a course in this field, you will likely be learning the basics of these various subjects, as well as learning about new ways to improve your financial management skills. Some of the additional topics you may want to learn about include: estate taxation, mortgage rates, credit scores, landlord and tenant law, and capital structure.
Public Finance A public finance degree or MBA in finance and business focuses on analyzing the costs associated with various types of public policies and programs. In addition to this curriculum, students may choose to focus on one specific area of finance to better prepare them for their career or for a job within the finance industry. Some of the areas you may be studying include: social security and retirement policy, employer-sponsored insurance plans, worker compensation, consumer protection, and financial crisis response. Some of the additional courses you can expect to take include: macro economics, personal finance, risk management, portfolio theory, private lending, international finance, and personal finance application.
Business Finance A bachelor’s degree in finance is typically required before one is considered for a job in this career field. This is a related field to accounting and math, although many business majors also decide to major in finance as well. Many finance jobs require at least a bachelor’s degree in business, which is great if you want to start your own business or work for a company in this industry. Some of the courses you can expect to take include: accounting, statistics, economics, risk management, human resources, marketing, finance, and business law.
Actuary As the name suggests, the actuary is a professional who provides healthcare services such as death records, health statistics, financial modeling, life-table methods, cost comparison, and health actuarial science to a number of different industries. One can find an entry level position as a medical actuary in hospitals or even private practices or can find a higher paying position as a business representative for an organization that offers healthcare services. Most actuaries graduated from college with degrees in math and accounting. What can I do with a finance degree? You can become a business representative for the life insurance, health care, annuity, or private practice provider, or work for a large company providing these types of services.
Financial Analysts The title of this article is “what can I do with an MBA in finance and mba.” As mentioned earlier, financial analysts are professionals who provide a variety of financial advisory and management services to clients in the finance industry. These types of jobs usually require a bachelor’s degree or an advanced degree. What can I do with an MBA in finance and mba? MBA graduates can pursue a variety of entry level and upper level finance jobs. Some of the options include: corporate finance manager, finance associate, finance officer, corporate accountant, or a financial adviser.
Budget Analysts What can I do with an MBA in finance and business? If you are a business minded individual looking to improve your knowledge of business management and apply it to solve business problems, a budget analyst career includes a wide range of options. Typically, budget analysts are senior executives who help the C-level executives or the CEO define and implement a comprehensive business strategy to achieve business objectives. Budget analysts may serve as a public policy advisor, government relations specialist, or even a director of public policy initiatives. Their jobs often require extensive research, statistical analysis, and case studies to create accurate projections and future plans.
Operations Research Analysts Must have an MBA in finance and business, if you are planning on becoming one of the many operations research analysts must have an MBA in finance and business as well. An operations research analyst career often includes work in finance and business departments and includes analyzing financial statements, developing business plans, implementing strategies, and evaluating and improving the company’s performance. Operations research analysts also often perform data mining, work on complex mathematical algorithms, and code cracking to uncover business information. Their reports can be quite detailed and include data mined from a variety of sources such as competitor and industry surveys, operational surveys, and financial statements. The salary offered to these professionals can vary widely, depending on location, experience, education, specialization, and the number of years in the field.