The Best MBA Programs for Finance and Accounting in 2023
Students pursuing an MBA in finance and accounting have a world of opportunities waiting for them. It is observed that these students are significantly high-paid employees across the globe. The packages they receive are a dream for many. This, of course, depends on students’ merits, but the placement cell of the institute also plays a crucial role. Always remember that the better the institute better are the chances of placement. This is why students always try to pursue MBA programs in distinguished institutes.
This blog brings you a list of the best MBA institutes with popular MBA programs in 2023. Study the list minutely and shortlist your options. Graduating from the below-mentioned institutes, you will surely have a bright career in finance. Their curriculum is detailed, and the assignments are tough. So, let’s get started.
Cornell Johnson was the pioneer institution to utilize immersion-based performance learning when it developed a strategic semester in operations in 1990. This allowed students to integrate their academic learning with practical experience through factory tours and Kaizen projects. In 2019, 38% of Cornell Johnson graduates opted for professions in the financial sector, with a starting income of $131,693. Investment banking was the preferred career choice for 26% of the class.
A lot of students choose to work in finance after attending this school because it has a good reputation for teaching finance. Investment banking and private equity are popular career choices, and people in finance can make around $175,000. The students can join the career-specific clubs here for a more enriched experience.
Columbia Business School offers one of the top MBA programs in finance, which also has a typical employment pipeline to big Wall Street banks, thanks to its location in Manhattan. Every year, many Bulge Bracket banks return to recruit CBS grads actively.
With median earnings and bonuses starting at $175,000 and $30,000, respectively, around 36.9% of its class chose to pursue employment in finance.
More than 25% of Stanford Graduate School of Business’s graduating classes go on to work in finance every year. 33% of the MBA class of 2022 chose to work in the financial sector. The offered Bonus was $ 30,000, and the median income was $175,000.
Chicago Booth, renowned for its quants-focused curriculum, placed 36.2% of its class of 2022 in the financial sector. For students starting jobs in finance, the median earnings and bonuses are $150,000 and $40,000, respectively.
There are several student organizations at Chicago Booth that concentrate entirely or in part on the sector. Among them are: Group for Investment Banking, Entrepreneurship and Venture Capital Group, Investment Management Group, Hedge Fund Group, Private Equity Group, Corporate Financing Group, Credit Restructuring Group etc.
Out of the MBA class of 2022, 34.44% opted for careers in finance. These students received an average salary of $170,000 and a bonus of $35,000. A significant number of NYU Stern School of Business graduates choose finance careers due to the school’s location in New York City and its proximity to Wall Street. Many of these graduates work for the top financial companies in the city and the country.
Through its MBA program, the MIT Sloan School of Management challenges students with rigorous financial education. Courses like Corporate Financial Strategy, Investment Techniques & Research, and Finance & Risk Management International help students comprehend pertinent ideas and practices.
Students can engage in extracurricular activities outside the classroom, such as conferences, networking events, and career treks, to further their understanding of accounting and finance.
Although HBS is a program with a general management emphasis, 29% of its cohort started careers in the financial services sector. The median total compensation is close to US$ 200,000, with a median starting salary of US$ 150,000 and a median signing bonus of US$ 30,000. HBS provides students seeking to pursue a career in finance with several resources in addition to its considerable brand value and cachet.
Northwestern University’s Kellogg School of Management offers an MBA program in accounting and finance that equips students with the necessary analytical and decision-making skills to succeed in the industry. The program includes courses such as Fundamentals of Accounting, Management of Financial Risk, and Investment Theory and Strategies. Moreover, students have access to knowledgeable professors who are experts in their respective fields, which enhances their understanding of the subjects taught.
It has been observed that 26% of the graduating students from the McDonough School of Business have chosen a career in finance. Opting for a career in finance can lead to an average salary of $125,435. After three months of graduation, 98% of students seeking jobs received at least one offer. The Centre for Financial Markets and Policy is situated at Georgetown’s McDonough School of Business. It supports original research, insightful commentary, conferences, and discussions that bring together academia and industry professionals to deliberate on important financial market issues. These initiatives contribute to a well-informed public discourse on critical financial market issues, as well as the intellectual life of the university and the policy community of Washington, D.C.
The Tuck School of Business is one of the oldest and the first business school to offer a master’s degree in business. It is a part of the Ivy League Dartmouth College. Its MBA Program’s strength is concealed by its modest class sizes and remote location.
20% of Tuck alums in 2022 chose financial occupations, with a median income of $175,000. The typical GMAT score for the 2021 entering class is 720. Tuck University offers a variety of courses in corporate finance, private equity, capital markets, economics, microfinance, real estate, and taxation that allow students to customize their education and obtain extensive exposure to the finance industry. These courses are taught by a combined total of 21 professors in the fields of economics and finance.
The Yale School of Management, which has an Ivy League parent institution, sent 23.1% of its MBA class into professions in the financial sector. With a signing bonus of $40,000, the median annual pay is $128,750.
The typical GMAT score for the 2022 entering class is 720. Along with more than 40 other electives in finance, Yale also provides classes on corporate finance, behavioral finance, investment management, and successful investing. The school’s Finance Club sponsors an accounting and finance boot camp that gives students a basic introduction to the finance sector.
Final thoughts
These are the top universities that give the best placements. You can opt for these institutes to have a bright career in finance. The majority of them have scholarship programs and accept international admissions as well. Visit their official websites to know more about their admission process and intake durations.