Those who wish to pursue graduate education in the business field may consider earning an online Master of Business Administration (MBA) and Master of Science (MS) in Finance. This dual degree can provide a versatile and wide-ranging managerial education as well as specialized skills in finance. Pursuing a degree online can add flexibility to a student's schedule, allowing them to learn from anywhere while they continue to work in the business field. Read on to learn more about these types of programs, and what admissions requirements prospective students should plan to meet.
Online MBA/MS in Finance Program Description
Several universities offer an online dual degree programs where students can pursue an MBA and MS in Finance. Earning both degrees typically takes approximately two and a half to three years, depending on program requirements and full- or part-time status. Some credits will be counted toward both degrees. While most coursework can be completed online, some programs may have required or optional residencies, either on-campus or in a field environment, to help students gain more hands-on experience in the business world. Some courses that may be commonly encountered while pursuing an MBA/MS in Finance include the following.
Within an investment analysis course, students may be introduced to concepts regarding how financial assets are valued. Specific financial analysis might be performed on stocks, fixed income securities, and derivative securities. Upon the conclusion of the course, students should be able to build valuation models for different types of investments.
This course is likely to work on the financial and analytical skills necessary to implement a financial strategy within a corporation. Specific topics may include global markets, technological innovations, and tax considerations. A final project could require a student to propose and draft a specific financial strategy for a business.
A corporate finance course could help students to develop the tools with which to make corporate financial decisions. Specific topics covered might be capital structure, corporate governance and capital budgeting. Students may also examine risk management and business valuation.
International Financial Management
International financial management must be understood by those working in multinational corporations. This course may review balance of payments, exchange risk management, and foreign investment and taxation. Students may leave this course with more insight as to corporate decisions around foreign business.
A business ethics course may provide ethical frameworks within which to make sound business decisions. Specific topics covered might be criminal conduct in the business field, public trust, and ethical lapses. Case studies and field experiences may provide a real-world look at ethical issues which arise in business.
Program admissions for MBA/MS in Finance degrees can be competitive. Prospective students should expect to provide undergraduate transcripts, a resume, recommendations, and an essay. While no specific undergraduate major is typically required, some experience in mathematics or quantitative analysis may be expected. Typically, applicants with experience in the field will be preferred. Some universities could require applicants to provide GMAT or GRE scores.
Earning both an MBA and an MS in Finance through an online dual degree program can provide a strategic education for those who are interested in the field of business. These programs have standard core courses like international financial management and business ethics, and require an undergraduate degree, resume, and potentially standardized test scores for admission.