Because online master's degree programs in banking tend to be found as concentrations in both finance and business administration, the usual degree for this specialty would be either a Master of Business Administration (MBA) or a Master of Science in Management (MSM). Typical online coursework gives students a blend of basic management methods and instruction in corporate banking, financial services and global market diversity.
While graduate programs require applicants to have a bachelor's degree, most online master's degree programs in banking require students to have that degree in a relevant major or possess the equivalent banking or financial industry work experience prior to admission. GRE or GMAT scores, personal statements and recommendation letters are commonly required as well.
In general, these fully online programs take about two years to complete. Because students are usually working professionals, the schools use virtual classroom environments to provide 24/7 access to lectures, assignments and other class materials. Web conferencing, e-mail and message boards provide methods for class interaction. Also, host schools usually offer online access to their campus libraries so distance learners can perform research and locate business journal articles.
Master of Science in Management - Banking Specialization
Distance learning Master of Science in Management programs often list concentration options, including banking and finance, real estate management and health care administration. Most of the banking and finance online programs require students to complete core course credits along with their concentration courses and a thesis or project. The MSM distance learning curriculum provides students with experiences and coursework representative of the current global business industry.
Specific classes can include the following:
- Organizational management and leadership
- Finance and insurance principles
- Financial markets
- Investments and portfolio management
- Global operations management
Master of Business Administration - Banking Specialization
Students choosing a distance learning Master of Business Administration degree program with a concentration in banking will take core fundamental business courses in addition to their specialization studies. These core math, statistics and economics classes generally instruct students on methods of relating quantitative reasoning skills to banking and financial issues.
Individual concentration courses in an online MBA program can include:
- Financial statement analysis
- Managerial accounting
- Quality analysis for technology
- Banking sales and marketing
- Business legal and ethical issues
- Banking and financial services
Online banking master's degree programs most commonly exist as a specialization option within Master of Business Administration and Master of Science in Management programs. These programs consist of core business courses along with banking and finance specific classes.