Master's Degrees in Business Finance
A master's degree program in business finance includes instruction in financial theories, global economy and strategic management skills. Read on to learn about various program and career options.
What Types of Business Finance Programs Can I Find at the Master's Degree Level?
If you're interested in pursuing a graduate degree in business finance, you can choose between either a Master of Business Administration (MBA) with a concentration in finance or a Master of Science in Finance. Generally, a master's program requires a bachelor's degree, though any undergraduate major is usually acceptable. Both types of programs cover a range of topics from financial analysis and strategies to the different types of financial systems used. An MBA program also includes interdisciplinary studies in a variety of business management subjects, including leadership, marketing and accounting.
|Degree Types||Master of Business Administration, Master of Science in Finance|
|Common Courses||Risk management, international finance, investment analysis|
|Career Options||Financial analyst, financial manager, financial advisor|
|Online Availability||Programs at this level are available in business finance|
What Will I Learn?
Master's degree programs in business finance cover a number of different finance related subject areas, such as portfolio management, financial markets and financial modeling. The tools and knowledge provided in a master's program are relevant whether you're seeking a career in a non-profit organization, government agency or regulatory institution. Some of the typical courses found in this type of program include:
- Capital budgeting
- Risk management
- Business forecasting
- International finance
- Financial institutions management
- Investment analysis
What Can I Do with My Degree?
As a graduate with a master's degree in business finance, you will have a number of finance-related career options, including financial analyst, financial manager or financial advisor. In 2016, PayScale.com reported financial analysts made an annual salary range of $45,000 - $80,000, financial advisors took home $35,000 - $106,000, and financial managers earned wages upward of $50,000 - $124,000. While managers typically earned higher salaries, the U.S. Bureau of Labor Statistics projected a 19% increase for financial manager positions from 2016-2026. During the same time period, jobs for financial analysts were expected to grow 11%, and personal financial advisor positions were predicted to surge 15% (www.bls.gov).
Is This Program Available Online?
Several schools offer online master's degree programs in business finance. Coursework is generally the same as an on-campus program, though you will usually have the flexibility of learning at your own pace and setting your own schedule. There are very few technical requirements to this type of online program, though updated software and a high-speed Internet connection are often required for streaming video and web-based reading material. Instructors are often available through message boards and email.