A degree in finance is an excellent choice for those who wish to learn how the economy functions and understand more comprehensive concepts such as money, investments, and financial independence. Although Finance is among the oldest domain globally, its popularity remains constant. The subjects taught under a master in Finance program will help every person in their day to day financial decisions.

Top  Reasons to study a Master’s in Finance?

Well-paid and in-demand jobs after MAster’s in Finance

Everyone depends on financial strategies to make day-to-day decisions. Starting from small start-ups to corner shops to large organizations all need someone to handle their finances. All organizations are ready to pay considerable money to finance experts.

Because marketing has creative elements, such as coming up with unique solutions to marketing problems through design thinking, advertising, and branding, it is ideal for ambitious businesspeople who wish to tap into their creative side. Even if you aren’t in a customer-facing role, marketing is significantly more human than other business disciplines since the customer is always at the forefront of your mind.
Marketing is a professional field with a significant business component; it’s a great choice if you want a prosperous career with a consistent pay and job security.

Finance is a part of our lives

Finance education is something that helps you at different stages of your life. The more financial knowledge you have, the better.

It will help you make decisions regarding savings, investments, risk-taking, and other aspects of your life. It can help you manage your personal finances and make a career in the respective field.

Being a finance student, you will get great knowledge of:

• Difference between assets and liabilities
• Learn to save money
• Learn to make a budget
• Step three would be Learn to plan for emergencies, children’s education, retirement etc.
• Learn to invest

By grabbing this knowledge and applying it in your life it will become much easy to keep a track of your money and help you get closer to financial independence.

Finance is an interesting sector to study and make a career

One thing is for sure that you won’t get bored while studying and working in Finance. The innumerable possibilities in the world of Finance make it an interesting field of study. The finance industry has continued to develop and change in ways that nobody would have ever predicted.

The latest trend of bitcoins and crypto was all rage a few years ago. No one knows what is going to come next, whether it’s going to be digital currency or something else the scope of finance is unlimited. It’s deeply interconnected to the field of technology and goes in hand in hand with it. Any changes in the field of technology tend to bring significant changes in the domain of Finance.

Presence of Affordable Master’s Program in Finance

There are several finance programs that can help you grab advanced Finance knowledge and experience. Although Finance is all about money and investment, it doesn’t mean you need a great amount of money to study it.

Even there are few countries that will provide you with a master’s in finance degree for free of cost. Norway and Germany provide free education in finance for all international students. Also, Denmark, Finland, Sweden provides free education to EU/EEA students.

Diverse Field of Study

Finance has various branches such as Corporate Finance, Quantitative Finance, Financial Planning, Banking and Fiance among others. It provides you with a pool of careers to choose from. After a general bachelor’s or certification in general finance, you can choose to pursue a specialization in these respected fields of Finance.

Top 10 Career Options After Master’s in Finance

Financial Analyst

These are professionals responsible for collecting and refining financial data and then designing financial models for effective decision-making and making forecasts.

Investment Banker

These professionals provide assistance and financial advice to its clients regarding mergers, acquisitions, raising capital, debt and equity decisions, and other profitable investment opportunities.

Accountant

The responsibilities of these professionals include the analysis of accounts information for preparing financial statements and then drawing conclusions.

Trader

These professionals specialize in a single financial instrument such as stocks, debts, or commodities.

Financial Examiner

These professionals are responsible for ensuring the proper functioning of financial institutions such as banks and security firms and ensuring that they abide by the laws and regulations.

Insurance Specialist

These professionals have great knowledge of complex insurance laws and policies. They act as advisors to issues regarding insurance eligibility and coverage.

Portfolio Manager

These professionals are mainly responsible for managing portfolios of various clients, firms, and institutions.

Financial Advisor

These professionals advise clients on issues such as investments, taxes, insurance, mortgage, and estate planning.

Actuary

These professionals are responsible for calculating the probability of a situation and what can be the outcomes of a financial decision.

Finance Manager

A finance manager is responsible for monitoring account statements, reviewing the financial statements, making forecasts, and delivering activity reports.

Also Read: How to increase brains capacity by math

Average Salary of Finance Professionals Globally

Conclusion

It can be concluded that Finance is a great field of study for those who have an analytical mind. The field is full of uncertainties and provides an end number of opportunities to make a desired career in Finance. Also, you can make loads of money if you master the skills and abilities required to manage finances. The knowledge gained during a master’s in finance will be applicable throughout your life and will help you make some essential financial decisions.

Author Bio

Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years.

Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting-edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.