The following are some additional positions that are available for MBA graduates with an emphasis in finance:
- Accounting Managers – Accounting managers are responsible for tax reporting and creating income statements for controller and audit groups. An MBA degree with an emphasis in finance also provides the coursework needed to prepare for the CPA exam. This career path can also lead to positions as a corporate treasurer, corporate controller, or CFO (Chief Financial Officer). The average salary for accounting managers is $81,000.
- Corporate Controllers – A controller’s main function is to prepare reports to help forecast/predict the company’s financial situation. These reports consist of balance sheets, income statements, earnings analysis, and expense analyses. A controller also oversees the company’s budget, auditing, and accounting departments. Salaries for corporate controllers range between $60,028 and $153,091, depending on the company and location.
- Chief Financial Officers – The Chief Financial Officer (CFO) supervises all accounting and financial operations within an organization. He/she also administers the company’s general financial policies and strategies. CFOs that work for smaller companies are responsible for all of the financial management duties, while a CFO for a larger company delegates some or all of the responsibilities to other managers within the company. The United States Bureau of Labor Statistics reported that the average salary for CFOs in 2008 was $160,000.
- Treasurers and Financial Officers – Treasurers and financial officers manage a company’s investment activities by raising capital, overseeing cash management, and managing the company’s capital investment activity. Financial officers also play a significant role in a company’s merger and/or acquisition activities. The average salary for treasurers and financial officers in the U.S. is $123,335.