An MBA in Finance prepares students to enter financial leadership roles in private companies and the government. These programs teach students about every aspect of corporate finances, from conducting risk analyses to developing operational strategies.
MBA in Finance Overview
MBA in Finance programs are usually two years, but some online or accelerated programs may be completed in as little as 18 months. Many of these programs are tailored for controllers, investment brokers, security analysts and financial advisors and analysts. Program applicants must have an accredited bachelor’s degree related to finance. Certain programs require hands-on experience working in the financial industry. Most programs require the applicant to submit their GRE or GMAT scores, as well as essays and letters of recommendations. Students benefit from learning traditional MBA content, such as marketing and strategic management, and exclusive corporate finance content, such as capital financing and cash forecasting.
MBA in Finance programs generally start with basic concepts, such as corporate finance and statistics for business, according to PayScale. These classes teach students about everything from capital re-structuring to portfolio management to linear algebra. There will be classes on short-term financial management, which deals with payables and inventory management, as well as investment analysis, which introduces the techniques used to assess the values of stocks, bonds and securities. Business economics courses will introduce the student to market behaviors and theories, while business law classes explore how to maintain compliance with applicable financial and banking regulations. Students will study advanced accounting concepts and mandatory financial reports and analyses. Corporate culture and social responsibility coursework will promote a commitment to ethical decision making and sustainable practices.
Graduates with an MBA in Finance will have ample career choices. For instance, they may find work as a finance manager, controller and analyst. Finance managers develop and monitor departmental budgets and financial performances. They supervise employees who track ongoing expenses and provide regular updates and financial forecasts to executives. Senior financial analysts prepare weekly, monthly and quarterly reports that contain projected risks and potential rewards. A chief financial officer (CFO) provides financial leadership in the planning and administrative efforts of the company. They review financial statements, activity reports and budget forecasts. They must develop internal control procedures and guidelines for every financial activity.
What are the Benefits?
Students who complete an MBA in Finance will gain the business acumen needed to work in any industry. An MBA in Finance program will help students develop the technical savvy and financial proficiencies necessary to find solutions to real-life financial situations. Graduates will know how to analyze investment and financial risks through performing quantitative assessments. They will be able to ensure that financial policies, processes and statements adhere to current standards and regulations. Some MBA in Finance programs offer internship opportunities with major corporations that result in earned academic credits.
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An MBA in Finance is the perfect academic choice for any financial professional who wants to advance their career, earn a high salary and move into corporate management.