The scope of finance in business has grown beyond achieving short-term profits. Strategic finance has leapt into the future to guide enterprises towards realising long-term goals.
An MBA in Strategic Finance is just the degree to help professionals looking to boost their careers and upskill themselves for better opportunities.
The global financial services market is estimated to grow at a CAGR of 6.9% by 2026 and reach $33,358.77 billion, making the industry a breeding ground for employment openings. This article will focus on what is strategic finance in MBA course and its scope in business
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What is strategic finance in MBA?
Changing market needs, evolving technology, and rising competition necessitate a deep understanding of finances. Strategising is the key to achieving a company’s long-term growth.
An MBA in Finance offers strategic finance as an elective in one of the semesters during the 2-year course programme.
However, only the strategic finance elective in MBA is insufficient to gain the desired outcome. This is where a detailed 2-year course focusing on the strategising part comes to aid.
Strategic financial management comprises identifying the company’s ultimate objectives, resultant financial planning, and continuous evaluation to achieve the same. Thus, it means not only managing the organisation’s finances but doing so with the intention of succeeding.
Functions of a Financial Strategist
A focused study of strategic finance can catapult you to the top of the employment pyramid. Here are some of the responsibilities the role entails:
Long-term fund management
Aligning the company’s funds and using them to realise the firm’s long-term goals.
Develop strategies and implement business plans
Identify and execute strategies to maximise growth and market value, keeping in mind market changes.
Analyse factual information
Use financial analytical tools to analyse real-time quantitative and qualitative data and facts.
Accelerate decision-making
Foresee potential problems and offer forward-looking insights. Financial Strategists must stay ahead of the curve by predicting uncertainties and taking appropriate, timely action.
Fixing the budget
Maximise financial efficiency and reduce wastage of the company’s resources.
Are you ready to take the next step in your career ?
EnrolL Now →Conclusion
An MBA in Strategic Finance is the next best course for experienced professionals looking to rise up the management ladder. It comes with higher salary incentives compared to an MBA in Finance. Amity University Online offers you the best course structure at affordable fees and flexible hours. Check out the official website to learn more.
