Another common way for MBAs to get into banking is through the various Management Trainee (MT) programs.Some companies require an MBA for candidates to be considered for certain senior management or even mid management roles. You not only get a significant head start to your career, but it also really helps you later on when its time for a promotion. Many banks directly take in MBAs at the Associate level for a number of their top business divisions. An MBA essentially allows you to get in at a more senior level.There are various reasons an MBA is still your best bet: The finance world is dominated by MBAs as they are generalists who can understand all types of client businesses and perform a variety of roles from sales to trading to advisory to leadership and management and everything in between. When it comes to a career in banking, an MBA is still the gold standard. But what is the right degree? What majors should you pick? Here is a breakdown of the best degrees/ majors for various banking roles and career paths. Having a bachelor’s or master’s degree that closely matches the skill-set of your preferred banking role is still the likeliest way of getting in. You are far more likely to end up with a banking or finance job with a relevant academic qualifications. Oddball moves, while possible, are still rare. If you look around, you will find everyone from economists to engineers, computer programmers to lawyers, mathematicians to accountants, doctors and even former air force pilots!īut just because something is possible, doesn’t mean it’s easy. Trading has more people with a mathematical or computer science background. Investment Banking, for example, is usually dominated by MBAs. These people come from varied backgrounds and academic fields. Millions of people are dedicated to providing financial products and services to retail consumers like us or to businesses around the world. The financial services industry is one of the largest employers on the planet.
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