A Master’s in Business Administration (MBA) in finance is a strong career investment for any professional who wants to take their career to the next level. An MBA in financing offers specialized training in the management of money as well as core business principles such as marketing. The combination makes the degree a great match for business professionals who want versatile careers or a better understanding of financial management.
It’s important not to confuse an MBA in finance with a master’s in finance. Simply put, an MBA is broader in focus — programs prepare students for work in financial institutions but also leadership positions in corporations and startups. That means graduates with an MBA in finance gain a wider range of skills and have more flexibility when it comes to choosing careers. A master’s in finance is much narrower in focus and is best for those who specifically want careers in financial management, investments, or trading. Both are great choices, but for those who like exploring a variety of opportunities, an MBA in finance is the way to go.
Most students will need a bachelor’s degree, previous work experience, and an acceptable GMAT or GRE score for acceptance. The specifics vary depending on the school, so it’s best to check with the program you’re interested in.
An MBA in finance is usually completed in 2 years, though some students can take up to 4 years. Some schools offer accelerated programs as well which can be completed in a year.
Yes, students can continue to work while completing their MBA in finance. Online programs are designed to provide flexible scheduling for students who have responsibilities outside of school.
Graduates enjoy increased earning potential as well as higher chances for obtaining leadership positions. In addition, MBA programs offer unique opportunities to network.
It’s common knowledge that an MBA in finance is highly prized by employers, but programs also prepare students to start their own businesses. After all, the focus on money management will be an asset for entrepreneurs who want to ensure the financial health of their companies. In that sense, an MBA in finance offers significant value for industry leaders and disruptors alike.
For more more resources and career information related to this degree, please read our career guide here.