The best MBAs for finance can prepare you for a specialized business career as a financial manager, a financial analyst, an economist, or a personal financial planner. MBA programs with specializations in finance include a common set of coursework that focuses on core business administration courses along with specialized finance courses. Most top MBA programs in Finance have similar entrance requirements as well.
Program and Course Info for an MBA in Finance
To earn your MBA in Finance degree, you can expect to spend about 1-2 years taking courses, depending on the university you select. These programs are often rigorous and cover both the fundamentals of business management and the essential finance theories, skills, and principles needed to work in the finance industry. Below, we will examine some examples of both kinds of coursework in-depth.
To fulfill your core MBA coursework requirements, you might take a class on statistics, a branch of math that focuses on data collection and analysis. This math-focused class will center on teaching you the fundamentals of statistics in a managerial and business context. You could cover such topics as random variables, estimations, correlation analysis, and regression, before learning how to apply these concepts to make managerial decisions.
In a business ethics course, you'll explore ethical theories, standards, and morals within a business context. You can then take these concepts and apply them to various business case studies. This course aims to teach you how to solve problems and issues that may come up in business situations in an ethical manner.
You might also take a core course on operations management, which usually focuses on the decision processes, concepts, and theories that affect the way an organization is managed. Some of the topics that you could cover include supply chain management, project management, transportation, and materials sourcing. You may even study how new technologies can enhance operational efficiency.
To fulfill your specific finance concentration, you might be required to take a course about the role of financial managers and what their duties and function are within a business. Specific topics you may learn in this course include how to manage and operate a budget, to manage investments, and handle cash flow. You will also learn how to evaluate a financial institution's health through the use of various analytical model and methods.
A course on investments will usually cover a wide-range of topics that could include portfolio management, pricing models, risk and return theories, and stocks and bonds. You could also learn about derivate markets and macroeconomic theories. This type of course is geared towards future investment managers and corporate financial managers and teaches them how to make sound decisions and assessments by understanding market trends and other factors.
Financial Statement Analysis
Financial statement analysis is an introductory course that will teach you about the terminology used in financial statements, different classifications, and recent trends related to financial statements. Another part of this course is studying the way that auditors, investors, and creditors use financial statements for their various jobs and tasks. The main purpose of this class is to give you a thorough understanding of financial statements, how to analyze them, and how to use them to make business decisions.
MBA in Finance Entrance Requirements
Most of the best MBA for finance programs have similar entrance requirements. You will need to submit transcripts, an application, letters of recommendation, and a statement of purpose or essay. Most programs will also require that you submit GRE or GMAT scores. However, some programs will offer test score waivers if you meet certain criteria, including holding an advanced degree or having an undergraduate GPA of 3.2 or higher. Also, some MBA in Finance programs require that you have professional work experience.
The best MBA for finance degree programs will include coursework that touches on core business concepts and theories and specific finance topics. These programs can be completed in a couple years and have common entrance requirements, such as test scores and transcripts.