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A Master of Business Administration (MBA) in finance combines general business courses and specialized finance-specific courses. Earning an MBA in Finance can lead to a variety of career opportunities and career advancement opportunities in the finance sector. Read on to learn what to expect when you enroll in an MBA finance program.
Admission requirements for an MBA in Finance
Admission requirements for an MBA in finance vary between programs. The prerequisite for enrollment is usually a bachelor’s degree in business administration, economics, statistics or a related subject. Applicants must also meet a minimum GPA and submit satisfactory GMAT scores, letters of recommendation or references, and an admissions essay or personal statement.
Part-time vs. full-time MBA options
Many MBA programs offer part-time and full-time options to their students. Part-time enrollment offers more flexibility in terms of balancing school and private life. This type of enrollment is suitable for students who work full-time, have an established job or are looking for a career change. Some part-time programs allow students to take classes in the evenings or weekends to work around their schedules.
Full-time enrollment is ideal for students with less work experience. This option may qualify students for more scholarships and graduate assistantships than part-time enrollment. Most students can enroll full-time in a master’s program immediately after completing their bachelor’s degree. Full-time students tend to have a more demanding workload than part-time students, as full-time enrollment usually entails a busier schedule.
MBA in finance courses
Corporate finance courses examine key concepts and principles of financial theory, providing students with the framework and tools they need to analyze corporate financial decisions. Course topics include business valuation methods, mergers and acquisitions, equity and debt raising. In addition, students study the financial policies and capital structure of companies. Students develop skills to analyze financial risks and make investment decisions for companies.
World Economics courses provide insight into the different economic environments affecting businesses around the world. These courses analyze the interactions between economic systems, institutions and social dimensions in the global economy. The students have an overview of the essential components and stages of international economic development. You will also study economic theory to understand the impact of government policies and how financial markets work.
Course topics include economic forecasting, economic growth, inflation and deflation, capital flows, international trade and exchange rates. Students can also study national income determinants and the development of stabilization policies.
Macroeconomics courses examine economic theories, principles, and concepts related to the performance of the world economy. Students gain an understanding of how national economic variables can be measured through aggregate supply and demand analysis. Important topics are often monetary and fiscal policy, trade and production, income distribution, employment, gross domestic product and business cycles.
Investment management courses examine the theories, concepts, and strategies underlying corporate investment decisions and the management of investment portfolios. Course topics include portfolio optimization, asset allocation, diversification, mutual funds and performance evaluation. Students develop an understanding of the global financial markets and the impact on financial behavior at the micro and macro levels.
Career Opportunities for an MBA in Finance Graduate
Average annual salary: $131,710 per year
Employment growth (2020-2030): 17%
Job description: Financial managers help private and public organizations implement and manage financial goals, allocate financial resources, and monitor budgets. These professionals evaluate financial information, develop strategies to reduce financial risk, prepare financial reports, and provide financial advice to help companies make sound financial decisions.
Salary: $81,410 per year
Job growth: 6%
Job description: Financial analysts analyze organizations’ past and current financial data and estimate future revenues and expenses. They use data-driven insights to forecast return on investments for business ventures and various stocks, write financial reports, and collect data to inform their clients on their investment decisions.
Personal Financial Advisor
Salary: $94,170 per year
Job growth: 5%
Job description: Personal financial advisors assess individuals’ financial needs and guide their decisions on various financial matters, including investments, insurance, and tax laws. These professionals help their clients determine short- and long-term goals.
Salary: $79,940 per year
Job growth: 5%
Job description: Budget analysts evaluate budget proposals, apply for financing, assess spending needs and perform cost-benefit analyzes to maximize companies’ profits. They help determine the most efficient way to allocate funds and resources across an organization’s various departments and programs. You will oversee budget reports, manage the status and availability of funds, and forecast future financial needs.
Frequently asked questions about an MBA in Finance
Does an MBA in finance make sense?
Many graduate programs in business administration offer students the opportunity to choose a major, including finance. The coursework for an MBA in finance includes several courses related to finance.
What is the highest paying job for graduates with an MBA in Finance?
The highest-paying job for graduates with an MBA in Finance is an investment banker. However, several factors affect salary potential, including work experience and location.
What can you do with an MBA in Finance?
An MBA in Finance can lead to various career paths. The students acquire knowledge and skills that can be transferred to many areas and industries. Possible positions include Chief Financial Officer, Director of Finance, Certified Public Accountant, Investment Banker, Corporate Strategist and Financial Controller.