The field of finance has been a focal point of the global business community since the crippling economic recession that began in 2008. Finance is also one of the most popular fields of MBA specialization among today’s business students; a 2016 survey of prospective MBA students found that about 23 percent of men and nearly 14 percent of women planned a finance specialization as part of their graduate studies.
Graduates with an online MBA in finance see not only greater financial rewards than those in most other business specialties, but increased job satisfaction as well. Midcareer professionals with a finance MBA earn an average salary of about $109,000, according to PayScale, an online salary database.
An online finance MBA degree program can provide professionals with the quantitative, analytical and communication skills needed to become a business leader.
Additionally, an MBA in finance online program offers optimal flexibility for students who are also working professionals. Web-based programs typically follow the same rigorous curricula as brick-and-mortar options, leading to similar advancement opportunities for graduates. The online format is also ideal for students who must tackle additional commitments – such as child or family care – on top of their work and class schedules.
What is the difference between an MBA in finance and a master’s in finance?
A Master of Finance degree is geared toward students who are interested in nonmanagement careers related to corporate finance. The curriculum for this option is typically grounded in areas like economic theory, computational analysis and investment banking.
The MBA in finance also addresses these topics, but the curriculum is usually aimed at students with corporate experience who plan to pursue business leadership roles.
How long does it take to earn an online MBA in finance?
The duration of an MBA in finance degree program varies among schools. Most standard programs span 36 to 60 credits and can be completed after one to three years of full-time study.
Alternatively, accelerated programs consist of lower credit loads – typically around 15 to 30 total credits – and can be finished in as little as 12 months. Accelerated programs, where students progress at a faster pace by taking more credits at once, typically involve more condensed curricula and more advanced coursework.