For many people, the world of finance seems incredibly complex. And that’s probably because it is. If you speak the language of assets, liabilities, accruals, and equity, you can make a career out of helping individuals and/or businesses understand their finances and keep those finances in order. And the more expertise you have, the more successful your financial career can be.
What expertise do you need? In addition to a robust understanding of finance, many of the most accomplished financial professionals also have a robust understanding of business and management. Their business acumen allows them to do more than produce financial reports and advise on investment decisions. It allows them to take an active role in developing business strategies and leading teams toward important business goals.
From chief financial officers on down, financial managers with advanced business know how help increase their organization’s value. Some of the areas in which these professionals provide leadership include:
Many of these skills take advanced education to learn and master. Which is why finance professionals like Dr. Nelson Mellitz turned to Walden University’s Doctor of Business Administration (DBA) program. In an interview with Walden, Dr. Melllitz credited the program with helping continue to advance his financial career, even though he was over 60 when he enrolled.
A DBA program could be equally beneficial for your financial career, particularly if you choose to specialize in finance. It’s a good way to gain the business skills organizations look for in their financial leaders.