Education

In Today’s Aggressive Market, an MFin can Pay off in Big Way

In today’s incredibly fast-paced and specialized business world, employers are looking for potential hires that come equipped with precise knowledge that can be applied in practical ways. The Master of Finance (or MFin) degree focuses on financial analysis, corporate finance and accounting, and investment management and teaches students about the management of funds, and studying acquisitions and mergers as well as the allocation of resources needed for capital investments. The main purpose of finance is to learn to use all available assets to optimize financial resourcing in order to meet the objectives of an organization or an individual.

In this aggressive market, finance recruiters are looking for intelligent, hardworking people who can balance a number of concurrent roles. A part-time Master of Finance degree allows you to dive into your degree while also continuing to work or manage domestic responsibilities. Sharp analytical intelligence combined with the ability to multitask is an attractive combination, and most careers in finance require just such a potent mix of skills. Companies are not only looking for someone with sharp math skills, but also someone who can problem-solve in a broad sense and who thinks outside the box.

If you’re the kind of person who likes to absorb theoretical information in a classroom setting, while also having the opportunity to apply that knowledge directly in the workplace, pursuing a part-time MFin degree at a campus in a metropolitan city like Toronto allows you have the best of both worlds. A Master of Finance program in Toronto is the first step toward a lucrative career on Bay Street, as the types of jobs available with a Master’s in Finance are generally in investment, management, or financial analysis. A graduate of an Ontario MFin program might expect to find work in:

Commercial Banking

Commercial Banking Careers allow professionals to work in accounting, financial management, raw materials, sales of financial services and financial analysis and credit. According to Forbes, the median salary for these professionals at mid-career is $ 119,000 and the employment outlook is 18.6 percent.

Financial planning

The MFin will be one step in a longer career, but certification leading to CFAs and CFPs add to the attraction of a resume. Further licensure may be necessary but financial planners have a median salary of $ 74,000.

Insurance

These professionals work in risk management as underwriters, sales representatives, asset managers or actuaries. Salaries are usually in the range of $ 70,000.

Investment banking

MFin graduates help governments and companies issuing securities. They also help with investment portfolios to help companies build a passive income that supports operations. Median salaries are $46,269 to $76,985.

Financial Analysis

These professionals keep an eye on the markets and the study of trends and political situations, including change of government regulations to help individuals maximize their investments. These grads work with banks and pension funds, mutual funds, insurance companies and other businesses and can expect a median salary of $74,000.

Brokerage

These are financial professionals who buy and sell bonds and commodities (usually oil, corn, gold, etc.). Their median salary is $70,000.

If you’re interested in pursuing a career in financial analysis, and developing s set of keenly-focused skills, consider a Masters of Finance from one of Ontario’s many accredited universities.

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