In a Master's of Business Administration (MBA) program with a concentration in fraud management, students are trained in a wide range of topics, including forensic accounting, internal auditing, organizational behavior, marketing, and fraud examination. These two-year programs usually require students to conduct original research under the supervision of a faculty member and submit a thesis or dissertation prior to graduation. Some schools offer flexible learning options such as part-time study and online coursework. In order to apply, students must have a bachelor's degree, possess significant work experience, and submit scores from the General Management Admission Test (GMAT).
Master of Business Administration (MBA) in Fraud Management
Coursework in MBA programs in fraud management covers topics like fraud investigation, corporate finance and business strategies. Some common course titles include:
- Computer fraud
- Identity theft
- Fraud examination
- Financial fraud management
- Financial statement fraud
Popular Career Options
A master's degree in business administration prepares students for careers in criminal justice, financial regulations and investigations. Possible job titles include:
- Audit specialist
- Fraud investigator
- Loss prevention specialist
- Compliance officer
- Bank examiner
Employment Outlook and Salary Information
According to the U.S. Bureau of Labor Statistics (BLS), faster-than-average growth of 10% is expected for financial examiners from 2014 to 2024, and these professionals earned a median annual wage of $78,010 in May 2015 (www.bls.gov). Employment for accountants and auditors is expected to increase by 11% from 2014 to 2024, and they earned a median annual wage of $67,190 in May 2015. The BLS reports that private detectives and investigators, including financial investigators and loss prevention agents, are expected to see average growth in job opportunities of 5% from 2014 to 2024. PayScale.com reported that loss prevention officers made a median annual wage of $35,478 as of 2016.
Continuing Education Information
After getting a master's degree in business administration, individuals might want to consider a doctoral program. A Juris Doctor degree can qualify you for employment opportunities as a prosecutor, federal regulator or investigator. Doctorates in business administration focusing on fraud management can lead to academic careers in education or research.
In conclusion, an MBA in fraud management provides students with extensive fraud-related business training, which can be prepare students for high-level business careers or advanced legal or business studies.