As a young professional, there is an inherent challenge when it comes to the next career step. For those aiming for something in the financial sector, an MBA in finance can be the perfect option. It provides not only the skills to excel in a chosen field, but the ability to understand what options are available to you.
If you plan to obtain an MBA in finance in Germany or elsewhere, it helps to know what you can do with it. What you may not have realized is just how many options are available to you. These are perhaps the best careers that you can get into after obtaining an MBA in finance.
Financial Analyst
Financial analysts evaluate investment opportunities that assist organizations in making the best possible financial decisions. Whether it be a nonprofit organization, real estate, or even government agency, the goal is the same. No matter where financial analysts work, they become an underrated yet essential asset to serious organizations.
In order to become a financial analyst, you need to acquire a bachelor’s degree in a relevant field. Gain work experience as a financial accountant (more below), though you would also do well to gain a relevant certification like a Chartered Financial Analyst (CFA) certification. It is possible to make close to six figures with the right experience and background.
Financial Accountant
A financial accountant career is rewarding for those who are not only skilled, but passionate about having an analytical mindset while applying attention to detail and working in communication. Whether working in the public or private sector, being a financial accountant is a fantastic option if you get your MBA.
A lot of work is required to get into this field. For starters, you need to get a bachelor’s degree in a related field like finance. Progressing in the field requires entry-level experience before moving on to become a financial analyst or management accountant. Career advancement can also be achieved through a CPA certification.
Certified Public Accountant
Accounting, business, and finance students often aspire to be a certified public accountant (CPA). The position generally comes with a higher salary than your average role, but it also tends to have better job prospects. Having a CPA license shows to employers that you have the education and experience required to uphold the ethical and financial standards that most companies require.
CPAs are generally required to advise businesses, individuals, and organizations on any number of financial matters. Things like personal finance planning and tax preparation are just a few of the responsibilities. Some CPAs even specialize in areas like forensic accounting. The more niche experience, the more versatile a CPA can be (and the more they will earn). Utilizing an MBA program can also become a great networking opportunity that will accelerate any career.
Financial Controller
If you are looking for a high-level leadership position, this is the spot for you. Financial controllers oversee the accounting services of a business, activities that range from the day-to-day to strategies that are more long-term in scope. The position requires an extensive knowledge of accounting and finance, plus the soft skills needed when leading people.
Financial controllers handle short-term financing, insurance, federal taxes, sales tax reporting, managing information tech, and a whole lot more. When it comes to enterprise, a financial controller is a top-down financial professional. The position is an advanced career path, and reaching a higher position means building on the skills that can turn a financial controller into something like a CFO. The average salary currently is right on the cusp of six figures.ac
