Jobs are very competitive, and an MBA in finance can help you advance your career. Doing MBA finance in a reputed college can land you in a top company with a good salary package. Along with your MBA in Finance, taking certain courses will give you an advantage over the other candidates and show the hiring company that you have more than one skill set to offer. This will provide you with the essential abilities to handle the difficulties of the finance sector. Here are some of the courses that complement MBA in finance.
Chartered Financial Analyst (CFA)
CFA is a certification course offered by the CFA Institute in the United States. This course is divided into three levels. This course is for you if you want to work in areas such as Portfolio Management, Research Analysis, or other financial-related services. This post-MBA finance course can be taken concurrently with the MBA. These three examinations can be finished in 1.5 to 4 years, depending on your ability.
Also, read [AI vs ML: What is the future of data science?]
Certified Financial Planner (CFP)
A Certified Financial Planner or CFP can pursue an MBA in Finance. This is a financial planning course that encompasses insurance planning, investment planning, tax planning, and retirement planning. The two possibilities are regular status and challenge status, with regular status open to MBA students and challenge status available to those who have finished their studies. To get a certification, candidates must pass five examinations, which are administered three times a year.
Chartered Alternative Investment Analyst (CAIA)
In this fast-paced, ever-changing sector, the Chartered Alternative Investment Analyst program is an excellent follow-up to an MBA in Finance. Alternative investments such as hedge funds, venture capital, and private equity are evaluated by Chartered Alternative Investment Analysts. There are various employment opportunities available with Chartered Alternative Investment and an MBA, each with a very distinctive job description and a highly appealing compensation. When you pursue this course after completing your MBA in Finance, you can aim for a position in the alternative investing business.
Financial Risk Manager (FRM)
FRM (financial risk management) is an excellent post-MBA finance course that will certify you as a risk manager. The course teaches you the foundations of financial risk management. This globally recognized degree from the GARP (Global Association of Risk Professionals) is an excellent program to pursue after completing your MBA in Finance. It teaches the fundamentals of managing credit risk, liquidity risk, market risk, and non-market financial risks in a realistic manner.
Founders and CEOs in the IT and social sectors are far more likely to hold a master’s degree in engineering than an MBA. Engineers benefit from an MBA because they not only know how to develop goods but also how to market them, and also due to the increase in demand for machine learning in the world of finance. Engineers who pursue an MBA in finance after completing their engineering degrees will be able to advance in the hierarchy and achieve top positions. Usually, most engineers who pursue MBA start their own fin-tech start-ups.
Chartered Accountant (CA)
MBA after CA is a lifeline for many accounting students wanting to advance their careers. Finance is the backbone of every corporate organization, thus having a basic understanding of accounting, reporting, taxation, and the regulatory environment will undoubtedly offer you an advantage in any MBA program over graduates from other fields. MBA in finance after CA is meant to add weight to your CV, thus the institution or business school you choose is quite important.
An MBA in finance complements any other professional degree, whether obtained before or after the MBA. Your personality, talents, and professional goals will largely decide your field in finance. We, at Praxis, will assist you in achieving your goals. Praxis is a leading B-School with campuses in Kolkata and Bangalore, offers an industry-driven two-year completely residential Postgraduate Diploma in Management (PGDM) program that is accredited by the All India Council for Technical Education.Our curriculum is founded on the values of academic rigour and discipline, and it is also meant to provide various touchpoints with industry.