Numerous students express interest in pursuing an MBA in finance each year. Why not, then? A post-MBA career in finance or financial services is one of the most lucrative career pathways strictly speaking in terms of pay. Jobs are available at banks, credit unions, and financial services companies like J.P Morgan.
A finance MBA can address particular problems connected to various career pathways. The standard curriculum for a finance MBA program could include, for instance, macroeconomics, corporate finance, global economics, financial markets, and derivatives classes.
It’s important to note that those who want to work in finance after receiving their MBA may not need to specialize in the field because the majority of approved MBA programs will cover the field in their core curriculums. But individuals who want to move into the financial services industry after earning their MBA frequently think about studying in financial centers like New York, London, or Hong Kong.
Risk management specialists, financial analysts, and asset managers are just a few examples of post-MBA professions in the financial services industry. Many business schools offer MBAs in Finance as well as related subjects like Accounting and FinTech for students interested in this sector of business.
Some business institutions also provide one- or two-year Master of Finance degrees for those who want a more analytical understanding of finance. The top MBA schools for Corporate Finance may be of interest to students hoping to get positions in non-finance firms.
The top 10 MBA programs for finance or financial services are shown below.
New York City, New York Nearly half of all courses at Columbia Business School are offered by the “Finance and Economics Division,” which is by far the school’s largest division. Because of Columbia’s proximity to Wall Street, students can network with financial leaders without traveling far. 36 percent of the MBA class of 2021’s graduates found employment in the financial services sector (including investment banking, hedge funds, private equity firms, and other parts of the industry). The college also provides a five-month online Corporate Finance certificate.
Chicago, Illinois Up to 40% of MBA graduates in any given year work in the financial sector. Students interested in finance have the option of concentrating on finance through Booth’s longstanding program or diving deeper into the concepts through the program’s specialization in “Analytic Finance.” The Fama-Miller Center at Booth conducts a variety of financial research projects.
New York City, New York Unlike several MBA programs, NYU Stern provides six different finance specializations, including a FinTech concentration that was introduced in 2016. Students frequently go on to work in a variety of corporate finance positions as well as finance positions with the Federal Reserve Bank and Nomura Securities. 35 percent of the class of 2021 chose employment in the financial services sector, including private equity and investment banking.
Philadelphia, Pennsylvania More than 35% of the MBA class of 2021 from Wharton entered the financial services industry, including major corporations like J.P. Morgan, Credit Suisse, and Goldman Sachs. Additionally, a rising amount has been going to companies that specialize in FinTech, or financial technology. MBA students have the option of pursuing the school’s well-liked Finance specialization and networking through its Finance Club.
Kingston, Canada One of the highest rates of all the Canadian business schools surveyed by FIND MBA, up to 40% of the school’s MBA graduates enter the financial services industry each year. Students interested in finance have the option of pursuing an MBA specialization in finance or combining their MBA degree with a Master of Finance. Queen’s MBA graduates have recently been in demand from companies like Bank of America Merrill Lynch, Capital One, and Credit Suisse, among others.
London, United Kingdom London Business School is located in the core of one of the busiest financial districts in the world, just a short tube trip from the London Stock Exchange. The school provides a wide selection of electives in finance, including courses on derivatives and hedge funds. More over one-fourth of 2021 LBS MBA graduates entered the financial sector. Among the biggest employers at the school are Citi and Goldman Sachs.
Beijing, China The Chinese financial system has been gradually opening up over the past two decades, and this, together with the country’s unrestrained economic expansion, has fueled the emergence of a robust financial sector. With its location in Beijing and some specific coursework, Guanghua is well-positioned to place graduates in this expanding industry. More than 35% of the Guanghua MBA cohort has entered the finance industry in recent years.
Hong Kong, Hong Kong (PRC) One of the highest percentages of any school polled by FIND MBA, 33% of CUHK’s MBA class of 2021 were hired by companies in the financial sector (including banking, investment/asset management, venture capital, and private equity). The school’s MBA emphasis in Finance trains students for positions in the financial sector in Hong Kong and throughout Asia.
Hong Kong, Hong Kong (PRC) An excellent location to get an MBA in Finance is Hong Kong, one of the world’s financial hubs. Students can also study for four months as part of the curriculum at partner institutions LBS and Columbia in other financial hubs like New York or London. More than 30% of MBA graduates in recent years have entered the financial services sector, with many taking positions at some of the largest financial institutions in Hong Kong.
Frankfurt am Main, Germany Due to the uncertainties surrounding Brexit, Frankfurt has emerged as a destination for several banks and other financial services companies departing London during the past two years. This is fantastic news for MBAs interested in finance who are graduating from the Frankfurt School of Finance & Management, as they may now have more employment options. More than 25% of the school’s MBA cohort in recent years has gone on to work in the finance industry.