The business world is fast paced, challenging, and one of the most rewarding fields that you can choose to enter. It’s also home to some of the most varied positions you can think of, ranging from lowly interns all the way up to the CEOs of Fortune 500 companies. When it comes to securing a solid job, entering the wealth management field is one area that is worth a much closer look. With high earning potential and plenty of job opportunities, it’s a field you don’t want to overlook.
Basically, those in the wealth management field specialize in taking money and turning it into even more money. This could involve things like investing money in other companies, stocks, and much more. Anything that utilizes current capital to create additional profits or wealth is considered wealth management, and the field isn’t just for big companies.
Finding work in a variety of jobs is possible when you earn a degree in wealth management, with positions as a private consultant, a full-time position as a wealth or asset manager for a major firm, and many other jobs. Salary ranges between $100,000 up to more than $1,000,000 annually are possible, and those who enter this field are among the most highly paid workers in the nation.
To enter the field, a few different paths exist but choosing to enroll in one of the numerous wealth management MBA programs will allow you to find the right career without too much trouble. These programs are designed to fit into a working professional’s already busy schedule and usually rely on online education as well as weekend or evening courses. Most programs take about two years to complete in this manner, and will allow you to hold down your current job while continuing your education.
Several wealth management MBA programs exist today and deciding on the right one for you is important. Here are a few of the best.
- 1. East Carolina University – East Carolina University offers flexibility and affordability with their MBA programs. The program consists of several core classes which are then followed by various specialized electives, including those that focus on wealth management.
- 2. Carnegie Melon Tepper School of Business – This school is one of the most respected in the entire financial world, and its MBA in Wealth Management Program is designed for those who already work in the financial field. Graduates have all the skills they need to enter the industry and find employment at a great position.
- 3. Paul Merage School of Business – This school not only offers quality MBA programs with elective specialties in areas including wealth management, but it also features numerous financial aid options including competitions and programs that could completely offset the overall price of the program.
- 4. University of Pennsylvania Wharton School of Business – Another highly respected program, Wharton offers MBA programs designed for working professionals and features a combination of flexibility and affordability that many other schools can’t match. Admissions require students to have experience working in an applicable field, and graduates easily find employment in the wealth management world.
Any of the four programs listed above are well worth looking into if you’re serious about a future in wealth management, but numerous other schools also offer options as well. With GMAT score requirements beginning to be removed from most MBA programs, it’s easier than ever before to gain admission into a program. With an expected job growth well above the national average over the coming years and a salary that can absolutely amaze, this is one career move that is worth making. Finding the right program is the first step.