5 Reasons to consider a Master’s in Corporate Financial Management
Running a business comes with its set of challenges, one of the most pressing being having a steady cash flow. Corporate financial management ensures that there’s a strong plan in place which helps you take care of business expenditure and make a profit.
Germany is known for taking finance seriously and have a culture of stable investment. This is seen in the corporate sector where even small and mid-size companies strategize their finances before taking any steps towards investment.
Germany is the largest European economy in terms of its gross domestic product (GDP). However, to maintain its resistance to the crisis caused by COVID-19, it has to reconsider its current financial agenda. Changes in 2020 have allowed for a more adaptable approach and companies are reworking their finance policies. This is good news for professionals in this sector as they will get the chance to be a part of this dynamic shift. Therefore, those looking to pursue a Master’s in Corporate Finance can land diverse and interesting jobs in the future. Read on to explore more reasons that make a career in finance a beneficial choice.
Why corporate financial management?
A business needs to put its financial resources in multiple channels for long-term growth. Other than investing in ventures and putting money in the company, you must also pay employees and suppliers. Other expenses can range from rent to various bills and the required funding to expand.
Seeing the bigger picture and putting the right financial building blocks in place is a crucial requirement for which you need an expert. Investment is required to make more money and an expert in finance can be the guiding compass which can help a business address its financial needs and provide it with guidance for effective decision-making.
Therefore, every organisation is on the lookout for professionals who can help them raise the necessary capital and materialise their ideas. These positions are highly rewarding as you get to play a central role in the company and direct prominent decisions.
According to Investopedia, Germany is among the top five countries for financial experts seeking job prospects. Taking the Master’s in Corporate Finance can land you a position that is stable, well-paid, and highly regarded around the world.
Reasons to study Corporate Finance Management
Here are some of the main factors that contribute to making corporate finance management a viable career choice for students.
- Prominent field – finance is the bedrock on which the business world flourishes and so this field is vital. In fact, governments across the globe take an active interest in the financial aspects of the corporate sector as this contributes significantly to building a strong economy. Recently, Chancellor Angela Merkel introduced a ‘limitless loan’ option to help out smaller businesses and provide financial coverage to them.
- Stability– The MSc Corporate Financial Management comes with a guarantee of stability as, despite any market fluctuations, finance will remain a steadfast field. According to a study commissioned by the Bertelsmann Stiftung in 2019, not only is Germany opening its doors to immigrant job seekers, its companies are actively looking for economists and financial managers.
- High remuneration – another reason to pursue a role in this field is the salary that you can earn. According to PayScale, an entry-level finance manager in Germany can earn around €40k, with the average salary for higher positions ranging from €65k to €100k.
- Diverse career choices – financial management comes with a skill set that will make you professionally equipped for a variety of job choices. Some popular roles that you can opt for are financial analyst, investment banker, accountant, insurance specialist and more.
- Continuous learning – the industry is booming with new developments and is undergoing much technological innovation which means you will gain new knowledge. This adds to your professional and personal growth and upskills you for higher challenges.
If you are determined to land a high-calibre job in the field of finance, then start with a comprehensive programme like MSc Corporate Financial Management offered by GISMA Business School. The course is designed and awarded by the prestigious The University of Law, which is based in the UK, and can be instrumental in helping you achieve your professional dreams. Click on the link above to learn more!
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– This article was written by Nandita Kaushal.