With the number of students enrolling for an MBA in Finance increasing annually, a simple MBA degree in Finance will not help you make a mark while applying for jobs. You will need to pursue some courses after your MBA in Finance that will give you an edge over the other candidate and let the employer know that you have more than one skill set to offer. Having a further specialization after an MBA in Finance will equip you with the specific skills necessary to face the challenges of this particular industry. But to take the first step in the right direction, you must know about the options available to you and whether it will be an ideal course for your future. This means that it should be something that will help you grow both personally and professionally.
Top Courses After MBA Finance
There are a variety of courses that are being offered by colleges as well as certified online programs. The intended goal of these courses is to equip students with a skill set that is a combination of both theory and practice. It is important that the course you pursue gives you insight into the workings of the industry. So, if you are looking for what courses to pursue after your MBA in Finance, here is all the information on those courses and the colleges compiled in one blog for your convenience.
Quantitative Finance Course
The course is structured in such a way that you are taught how to use mathematical models and large data sets to analyze securities and financial markets. This includes how derivative securities function, how they are priced as options and risk management in relation to portfolio management applications. Most colleges offer the option of either a diploma or a master’s degree in this course. There are also a number of certificate courses that are available both online and offline. Once you complete the degree and begin working in this industry, you will be referred to as a Quant. Top colleges offering a quantitative finance course:
- Georgia Institute of Technology
- Fordham University
- Rutgers University
- Rensselaer Polytechnic Institute
Must Read: Scope of MBA in Finance
Financial Risk Management
This globally recognized degree awarded by GARP (Global Association of Risk Professionals) is an ideal program for you after you’ve completed your MBA in Finance. The course helps you understand the core fundamentals of financial risk management. It provides practical knowledge of the principles of managing credit risk, liquidity risk, and market risk as well as non-market financial risks. With a community of just 30,000 professionals with specialized skills, the opportunities to make your mark in this industry are endless. Top colleges offering a course in financial risk management
Financial Planning And Services
Next up, we have a course named Financial Planning And Services in our list of top courses after MBA Finance. The course intends to teach you how to help your clients whether they are organizations or individuals. You’ll be focused on improving the way they handle their finances. This can include the way they do their taxes, the way they invest in education, the way they plan their insurance as well as the way they handle their retirement plans. It basically deals with every aspect of their finances in the most effective manner. This course becomes extremely lucrative after an MBA in Finance. Top colleges offering a course in financial planning and services
- American College of Financial Services
- Washington University
- Bentley University
- University of San Francisco
Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) Program is a technical certification given to investment and financial practitioners worldwide by the American-based CFA Institute. The curriculum addresses a wide variety of subjects in investment management, financial analysis, stocks, shares, and derivatives, as well as providing a comprehensive understanding of other aspects of finance. It’s a financial planning course that covers tax planning, insurance planning, investment planning, and retirement planning. Regular status and challenge status are the two options, with regular status available to MBA students and challenge status available to those who have completed their studies. To obtain the qualification, candidates must pass five tests, which are held three times a year. The CFA designation is an internationally recognised financial credential. In the United States, a CFA holder has the potential to raise more than $100,000 per year. A newbie with a CFA receives an average of $47,000 – $52,000 per year, according to industry analysts and career search engines. Following are the best business schools offering CFA courses/programs:
- Schulich School of Business, York University
- The University of Iowa
- Howard University
- Cass Business School, CITY, University of London
Certified Financial Planner (CFP)
Next up we have a course for a certified financial planner or CFP which can be pursued by graduates as one of the courses after an MBA in Finance. Having said that, it’s a financial planning course that covers tax planning, insurance planning, investment planning, and retirement planning. Regular status and challenge status are the two options, with regular status available to MBA students and challenge status available to those who have completed their studies. To obtain the qualification, candidates must pass five tests, which are held three times a year.
NSE Academy Certification in Financial Markets (NCFM) is the abbreviation for National Stock Exchange Academy Certification in Financial Markets. The National Stock Exchange of India issues it as a credential. It’s an online testing and certification program that evaluates your financial market awareness and skills. An MBA in finance is a low-cost and useful credential. The course is divided into three levels: foundation, intermediate, and advanced. There is a simple method for getting to the course. You’ll need to download a pdf, read and comprehend the material, take an exam, pass it, and then you’ll receive your certificate.
Company Secretary (CS)
Another course in our list of top courses after MBA Finance is Company Secretary or CS. A company’s Company Secretary (CS) is one of the most important positions. He or she acts as the company’s conscience seeker. The legal aspects of a company are handled by a certified Company Secretary. A CS is in charge of completing tax returns, maintaining documents, advising the board of directors, ensuring that the corporation follows all legal and regulatory regulations, keeping track of public concerns, handling legal documents, and overseeing the acquisition and merger activities. The course provides a well-known job profile, and the best part is that the work can be done part-time in India. Not only does the course add value to your CV, but it is also a complete job-oriented course.
Read About: Financial Engineering as a Career Option
The FLIP certifications are the only thing you’ll need to settle in India. The FLIP credential serves as a springboard into the world of finance and banking. The credential, which was written by professionals who are IIM alumni with years of BFS experience, would provide students with a wealth of expertise that can be applied in the field of banking and finance. It provides a variety of courses and training programmes geared toward the Indian industry. The sessions cover every aspect of the stock market. The credential will not only improve your CV, but it will also show that you are capable of managing any situation at work. The courses are available online, and if you have the talent and expertise, you can complete them as soon as you want. To obtain a FLIP certification, candidates must take the FLIP certification exam at one of India’s 64 test centres. Students will receive a recognised certification in the near future, which will be endorsed by industry leaders including India Infoline, Kotak Bank, Axis MF, HDFC Bank, Axis Bank, and Dhanlaxmi Bank.
Chartered Alternative Investment Analyst
Moving ahead we have the course named Chartered Alternative Investment Analyst in our list of top courses after MBA Finance. The finance industry is no exception to the fact that tools and technologies are transforming every sector from the inside out. The trading industry and its tools are becoming increasingly popular. As opposed to the vast number of MBA finance applicants, knowing about algorithm trading will set you apart. Following this advanced course in finance and an MBA, there are many career openings with very unique job descriptions and very attractive packages.
Executive Program in Algorithmic Trading
Next up we have the course- Executive Program in Algorithmic Trading in our list of top courses after MBA Finance. The finance industry is no exception to the fact that tools and technologies are transforming every sector from the inside out. The trading industry and its tools are becoming increasingly popular. As opposed to the vast number of MBA finance applicants, knowing about algorithm trading will set you apart. Following this advanced course in finance and an MBA, there are many career openings with very unique job descriptions and very attractive packages.
The actuary is another course that can be taken after an MBA in Finance. An actuary’s job description is close to that of a risk manager. These professionals’ roles include tracking the effects of various uncertainties and risks on the company. It will be your responsibility to decipher the outcomes and avoid them from being negative. Actuaries collect data in order to interpret it in order to estimate the likelihood and probable cost of incidents such as death, injury, sickness, disability, and property loss. Then it’s up to them to come up with plans to help minimize the cost of these impending threats.
Certified in Production and Inventory Management (CPIM)
Towards the end, we have yet another course that can be pursued as one of the courses after MBA finance by the respective and eligible graduates of the same stream. It is none other than the course Certified in Production and Inventory Management. A certification in production and inventory management is internationally recognised and will help you advance in your finance career. The best part about this course is that you can study for the exam whenever you want because the whole curriculum is available online. This qualification is ideal for those who want to pursue a career in supply chain management. For any globally operating organisation, the course will provide you with a strong understanding of production planning and assist you in gaining information related to inventory management.
Benefits of Doing Courses after MBA Finance
Careers in finance after an MBA are quite competitive. But, taking courses in finance after earning an MBA might help you gain a head start in your job and offer you an advantage over other candidates. Further advantages of taking professional courses following an MBA in finance include:
- Appreciate Current Trends: Market trends and progress in any industry are constantly changing. You can learn about current finance trends and financial markets by taking short-term courses.
- Strong CV: Certifications and degrees are always the highlights of a CV/Resume. Additional certificates following your MBA programme can help you stand out from the crowd.
- Professional Advancement: These short-term finance courses teach you a variety of skills that will help you advance in your career by broadening your alternatives.
- Multi-domain knowledge: Taking a variety of courses gives you an advantage over other students, letting you stand out in the eyes of potential employers.
Must Read: Executive MBA in Finance
Top Career Opportunities in the Field of Finance
In MBA Finance, there are several prospects for a recent graduate. It’s just a matter of selecting the best choice for him or her. The options mentioned below are some of the top and only a few of the many open to a newcomer.
|Stock Broker||If you are interested in financial markets, you can pursue a career in this field. Although graduates are welcome to apply, candidates with an MBA in Financial Markets are favoured because they will have specialised knowledge of the industry.|
|Bond Broker||A bond broker serves as a middleman between investors and businesses, maintaining anonymity.|
|Investment Banker||Investment banking is a branch of banking that deals with raising funds for other businesses, individuals, or the government. An investment banker is typically employed by a large financial institution, and his or her primary duties include raising capital for businesses, governments, and other organisations.|
|Financial Analysis & Planning analyst||The role of a Financial Analysis & Planning analyst entails strategizing and reviewing an organization’s long-term financial strategy.|
|Financial Planner||Individuals and businesses may benefit from the services of a financial planner. He or she is in charge of informing clients about market realities, assisting them in determining their financial objectives, handling their investments, retirement and tax planning, and so on. An MBA finance graduate may start their career as a generalist or a specialist in this area. In addition to a finance MBA, becoming a Certified Financial Planner (CFPCM Certification) will increase their income by 20-35 per cent.|
|Corporate Finance||This has to do with financial management in the workplace. The corporate finance department or agent is in charge of short- and long-term financial preparation, shareholder value maximisation, and financial strategy execution. This department is in charge of everything from capital investment decisions to investment banking. You may begin your career as a Corporate Finance Analyst, Corporate Finance Executive, or even Corporate Finance Manager.|
|Underwriter||This is a critical position when a company or a person takes a gamble on a business venture, a loan premium, or even an investment.|
|Portfolio Manager||This role entails managing an individual’s investment portfolio, which may include stocks, bonds, or mutual funds.|
|Venture capitalism & Private Equity Agent||The term “venture capitalist” refers to the practice of making investments in new businesses. Private equity funds, on the other hand, own 100% of the business in which they invest.|
|General Accountant||A general accountant is responsible for preparing financial records in the form of ledgers and statements for the organization’s benefit.|
Top Recruiters for MBA Finance
Some of the companies that recruit MBA Finance graduates and graduates who have done and completed the above-mentioned courses after MBA finance are as follows:
- Deutsche Bank
- Ernst & Young
- Bain & Co
- Boston Consulting Group
- Lehman Brothers
- JP Morgan
- Goldman Sachs
- Morgan Stanley
- Merrill Lynch
- Public sector and Private sector banks
- Financial Companies, etc.
Ans. Career Opportunities after MBA in Finance include:
Risk and Insurance Manager
Ans. A CFA after MBA course on your resume will increase your chances of working with some of the world’s leading financial firms. Your dual certificate also expands your employment options if you decide to become a consultant or start your own firm.
Ans. After an MBA, the CFA programme lasts roughly 2-3 years. A candidate might explore more work prospects in the finance sector by combining these two finance courses.
While we have given you all the required information about the courses after MBA Finance that can be helpful to your professional trajectory, we also understand that matters regarding your education can seem extremely confusing. We do not want you to feel confused or have any doubts regarding choosing the best university according to your wants and requirements. Hence we would recommend you use our AI Course Finder to identify the best-fit university abroad. Sign up for a free 30-minute session with our experts at Leverage Edu today!