Finance (MBA) Master's Degree
Learn what an MBA degree with a concentration in finance can do for you. Understand the admissions requirements and the types of classes you could take during these programs.
How Do I Prepare for a Finance MBA Program?
A finance specialty within a Master of Business Administration (MBA) degree program focuses on the economic and budgetary aspects of business. You'll also receive advanced training in the management of company finances.
Prerequisites for most MBA degree programs in finance include the completion of a bachelor's degree from an accredited institution. Depending on the major, you might also be required to complete some additional coursework in business and finance before entrance to the upper level classes for your degree. Other requirements for entrance could include prior business-related work experience and successful completion of the Graduate Management Admission Test (GMAT).
|Prerequisites||Bachelor's degree; business and finance coursework may be required; business work experience; GMAT scores|
|Common Courses||Finance law, economics, project management, leadership approaches, investment theory|
|Online Availability||Fully online programs are available|
|Possible Careers||Executive manager, auditor, accountant, corporate financial officer, banker|
|Median Salary||$127,990 (financial managers, 2018)*|
|Job Outlook||19% increase (for financial managers projected from 2016 to 2026)*|
What Classes Do I Need to Take?
Once you enroll in the program, you could study project management, marketing mix strategies, leadership approaches, financial analysis and economics. Your courses teach decision-making skills, discuss business ethics and cover behavioral sciences. Some programs also include concepts and legal issues for international finance and banking practices, planning strategies for initial public offerings (IPOs), investment theories and risks involved with company mergers and acquisitions. You might also have the opportunity to learn about global financial laws, practices and markets through study-abroad programs offered by some schools.
Can I Earn This Degree Online?
Many institutions offer MBA degree programs in a fully online format. Coursework for online programs is similar to on-campus programs and focuses on the same fundamental business concepts. You have the freedom and flexibility to complete assignments, take tests and view virtual lectures when it fits into your schedule. Prior to admission, you should ensure that you meet the school's technical requirements. These requirements generally include access to a personal computer, Internet connectivity and additional class-specific software.
What Are My Career Options?
The coursework in these graduate programs can prepare for a move into a management or supervisory role. After earning your MBA in Finance, you could qualify for such jobs as corporate financial officer, executive manager, commercial banker, auditor or accountant. Your education might also allow you to help individuals and companies with investment portfolios and personal finances.