I graduated college last year with decent grades in economics, and I have an entry level investment firm job. I'd like to advance my career with an MBA in Finance, but my parents aren't convinced this is necessary, so I need good reasons why MBA Finance degrees make sense.
Financial managers are those who are involved in developing and overseeing the implementation of the financial strategy for a corporation. They also make decisions and engage in strategic planning and business development activities.
An MBA in Finance prepares people to take on this important role within an organization. Accordingly, if you aspire to become a company's financial manager, then that would be an excellent reason why MBA Finance courses would be very suitable for you.
Furthermore, many companies prefer to hire candidates with MBA degrees to fill their upper management roles, so an MBA in Finance could almost certainly help you get a better job with more responsibility and a higher salary.
Another important reason why MBA Finance degrees make sense for ambitious people in your situation is that you will become familiar with fundamental business principles like accounting, commercial and investing banking, market analysis, and economics that are essential to the operation of just about any commercial enterprise.
Those who have obtained an MBA in Finance also report that doing so helped them feel more confident. This was true for them both when interviewing in the finance related job market, as well as when they were faced with a highly competitive and rapidly changing business environment within their workplace.
Basically, getting an MBA in Finance makes sense because it can help you broaden your job opportunities and can give you a more advanced starting level at a new company or can help further your career with your current employer. It can also be a boon if you eventually want to start your own business.