Aspiring financial consultants can enroll in a Master of Business Administration in Finance program. These programs train students in the basics of financial systems, financial management and financial analysis. Students learn to collect and analyze market data through classroom lectures, computer laboratory seminars, and group and individual research projects.
Applicants to MBA programs in finance should hold a bachelor's degree in accounting, mathematics, economics or a related field. Students must also submit GRE scores and letters of recommendation from past professors and employers. Some executive MBA programs require that incoming students have prior professional experience.
Master of Business Administration in Finance
Core coursework in MBA programs in Finance may include some of the following classes:
- Financial accounting or reporting
- Managing financial institutions
- Marketing concepts
- Statistical data or economic analysis
- Risk management
- Business and the law
Popular Career Options
After graduating with an MBA in Finance, students are prepared for a wide range of careers in the business field. Popular job titles include:
- Financial consultant
- Stock broker
- Financial planner
- Pension fund manager
- Insurance adjuster
- Commodities trader
- Financial controller
Employment Outlook & Salary
According to the US Bureau of Labor Statistics (BLS), the median annual salary for personal financial advisors was $89,160 per year in 2015, and employment was expected to grow by 30% between 2014 and 2024, which is much faster than the national average for all occupations.
In summary, an MBA in finance provides comprehensive training in business and finance so that students are ready to pursue high-level careers in the industry.