Students looking to earn a master's degree in business administration will be required to study various academic disciplines such as management, ethics, statistics and law. Common concentrations may include accounting or finance. Before enrolling in an MBA degree program, a student must first possess a bachelor's degree from an accredited institution of higher education. A substantial amount of professional experience is required to gain admission to any MBA program, regardless of the concentration chosen. An MBA can generally be completed in one to three years, depending on a student's level of commitment. Some MBA programs offer night and weekend classes, which provide greater flexibility to students.
Master of Business Administration in Accounting
An accounting concentration in an MBA program helps students learn about tax laws and properly maintaining financial records. Classes are concentrated on auditing, estate taxation and forensic accounting. The curricula will typically address topics such as:
- Organizational efficiency
- Business valuations
- Financial statement analysis
- Maintaining successful enterprises
- Innovation management
Master of Business Administration in Finance
Teaching principles of investment and financial markets, a finance concentration in an MBA degree program will cover topics in commodities, capital management and banking policy. Students must focus on subjects in real estate, urban economics and global trade. Topics covered include:
- Empirical finance
- Options and futures
- Risk management
- Asset assessment
- Real estate appraisal
Popular Career Options
Individuals with MBA degrees specializing in finance can find jobs with brokerage firms and regulatory agencies. Job titles such as these are a good fit for an MBA with a finance emphasis:
- Financial analyst
- Operations manager
- Account executive
- Investment banker
Professionals with this type of MBA degree often seek careers in accounting and auditing, though some additional licensure might be required. According to the U.S. Bureau of Labor Statistics (BLS), the overall number of jobs for accountants and auditors is expected to increase faster than average between 2014 and 2024 (www.bls.gov). During this time period, the BLS anticipates growth of roughly 11%.
Continuing Education Information
Many students earn an additional graduate or professional degree to complement a Master's in Business Administration in accounting or finance. A master's or doctoral degree in accounting, finance or commerce can accelerate a career in business, education or government.
Accounting and finance MBA degree programs prepare students for the business world through in-depth and advanced studies in finance, accounting, and business. Students who obtain MBAs can accelerate their careers into a lucrative business, investment, management, or finance position.