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While earning an online MBA, many students choose ƒato select a specialization, such as finance. An online MBA in finance functions as a normal MBA, only with a heavier emphasis on finance, investing, accounting, and similar topics. Graduates with an MBA in finance end up in leadership roles, ranging from financial manager to chief financial officer.
A finance specialization also leads to high-growth and well-paying positions. According to the Bureau of Labor Statistics (BLS), all business and finance occupations are projected to grow by 7% from 2018-2028, good for an addition of 591,000. This page explores the reasons why you should pursue an online MBA in finance and what you can expect to study during an online MBA in finance program.
www.onlinemasterscolleges.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.
Southern New Hampshire University is a private, nonprofit, accredited institution with more than 3,000 on-campus students and over 60,000 online students, making us one of the fastest-growing universities in the country. Founded in 1932, we’ve been relentlessly reinventing higher education ever since and have gained national recognition for our dedication to helping students transform their lives and the lives of those around them.
We’re proud to provide affordable, accessible education that students can pursue on our 300-acre campus in Manchester, NH, over our innovative online platform or at our regional centers in Manchester, Nashua, Portsmouth and Salem, NH, and Brunswick, ME.
SNHU has earned the GetEducated.com Best Buy and Best of Business – Best Online Degree awards and is consistently ranked as a top Military Friendly® School by G.I Jobs®.
From affordability to flexibility, students choose different programs for various reasons. Our rankings focus on the quality of online MBA in finance programs, taking into account other factors. These are the top online MBA in finance programs.
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All accredited online MBA in finance programs meet a high standard for quality. But some programs come at a much lower cost to students, and online programs usually offer lower tuition rates. These are the best affordable MBA in finance programs.
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An online MBA in finance combines the traditional MBA curriculum, including courses in management, leadership, and human resources, with financial courses, such as financial accounting, banking, and investment analysis. Students interested in the broad financial field earn this degree, and some look for specific specializations and courses to learn new skills.
Common Specializations for an Online MBA in Finance
Some schools allow students to specialize in their online MBA in finance, leading to niche positions in high-paying industries. Pursuing one of these focuses could lead to a specific job outcome.
Area of Focus
Careers This Concentration Prepares For
Banking and Finance
With a combined focus on banking and finance, students prepare for a career in the investing and banking fields. Courses in this specialization focus on concepts like commercial banking, capital markets, and international financial management. Students also cover broad MBA topics like marketing and accounting.
Best for those who plan on working for a large business or organization, corporate finance focuses on a range of topics, including private equity, global markets, real estate, and portfolio management. Earning a corporate finance MBA could lead to careers at some of the largest corporations in the world.
An online MBA in finance and accounting blends two of the most popular MBA concentrations. Finance and accounting see students take financial statements, analyze financial data, and assess the risk of portfolios. This concentration mixes theoretical finance with advanced accounting topics.
Financial analystFinance operations directorDirector of accounting
Specializations in international finance prepares students to work for international businesses. The curriculum includes risk assessment, international regulations, and negotiation. Courses typically focus on financial topics for large businesses and corporations. Some online programs encourage students to complete an internship abroad to gain real-world experience.
Finance managerDirector of financeInvestment manager
Online MBA in Finance Admission Requirements
Each college and university sets its own online MBA in finance admission requirements. However, most accredited online schools use many of the same criteria, including the following:
GMAT: Many online MBA programs require applicants to submit GMAT test scores. Created specifically for graduate-level business programs, applicants who submit scores often must earn a minimum score.
Bachelor’s Degree: All MBA concentrations cover graduate-level concepts, so applicants must earn a bachelor’s degree before starting the program. While preferred, students are not always required to complete their bachelor’s degree in business.
Professional Experience: Some of the top MBA in finance programs only accept candidates with 1-2 years of business experience related to finance. Even if not required, earning professional experience improves your application.
Letters of Recommendation: Online MBA programs often require applicants to submit 2-3 letters of recommendation. Schools use the letters of recommendation to determine whether the applicant is a good fit for the program.
Official Transcripts: Every online MBA in finance requires applicants to submit official transcripts. If you attended more than one school to complete your bachelor’s degree, then you must send in transcripts from each school you attended.
Online MBA in Finance: No GMAT Requirement
More and more colleges and universities are moving away from standardized tests, including the GMAT. The GMAT, a four-part exam, requires intensive study and multiple test times. Some online programs, such asSouth New Hampshire University’s and Washington State University’s online MBA in finance degrees, do not require GMAT or GRE scores.
Curriculum for an Online Master of MBA in Finance Program
Corporate Finance Management: Ideal for anyone who wants to become a financial manager, corporate finance management looks at finance, including investing, budgeting, and portfolio management, at the corporate level. This course usually provides students with real-world portfolios and teaches them to evaluate potential risks.
Marketing and Strategy: A mixture of finance and marketing topics, marketing and strategy teaches students to look at a business’s brand and determine how to market products. Learners then perform market analysis and determine the most strategic financial move to accomplish marketing goals.
Ethics and Social Responsibility: Usually required in all MBA in finance programs, ethics and social responsibility teach students to conduct finances to grow business while following corporate values and ethics. Students also cover laws and regulations associated with investing and create investment strategies that remain compliant with local, state, and national laws.
Interest Rates and Financial Markets: Building off topics covered in banking courses, interest rates and financial markets analyzes interest rate theory, the pricing of bonds, and risk associated with different interest rates. Students determine the best investment opportunities using short and long term interest rates and apply them to real-world scenarios.
International Finance: Often taken as an introductory course to broader international topics, international finance looks at how corporate finance professionals create investment decisions in international markets. This course introduces various international markets and teaches students to analyze potential risks with each market.
Choosing a Quality (and Accredited) Online MBA in Finance:
MBA in finance graduates become leaders in the workplace. To function at a high level, graduates learn a set of skills while completing an MBA. Students obtain these skills through lectures, coursework, collaboration, and sometimes internships. Some skills students obtain during an online MBA in finance include:
Analytics: Many positions that graduates earn after completing their MBA require a significant analysis of data and information. Students develop analytical skills through meticulous practice during courses.
Decision Making: Whether leading a team or determining the best positions for a portfolio, MBA in finance graduates must make important decisions. Class projects and internships help develop decision-making skills.
Communication: Finance professionals regularly communicate with clients, coworkers, and other financial professionals. Expect to develop these skills through group projects.
Mathematics: While not required for all career outcomes, many finance professionals use mathematics to determine the risk of assets, analyze financial statements, and find effective investment strategies.
Attention to Detail: Many financial experts work with reports and complex portfolios. Graduates learn to pay special attention to important documents and decisions, ensuring no mistakes are made.
FAQs about Online MBA in Finance Programs
Frequently Asked Questions
What is MBA in finance all about?
MBA finance is all about taking a deeper dive into the financial fields like investments, accounting, portfolio maintenance, capital markets, banking, etc.
What do we study in MBA finance?
In MBA finance, you will study how capital markets work, foreign currencies, investments, fundamentals of accounting, etc.
How to become MBA in finance?
Read through this guide to find the best online MBA finance programs, understand the programs, apply for a program, fulfill admission requirements, go through the program, and graduate.
Why choose finance specialization in MBA?
Financial field is a very vast field with immense growth opportunities. Students signing up for finance specialization will see faster career growth. If you want to take advantage of this vast field, which is very crucial in any organization, you should choose finance as a specialization.
Who should do MBA in finance?
Students that are interested in macro-level financial topics should be doing an MBA in finance.
The cost of an online MBA in finance may seem steep, but most students use various methods to reduce, or completely cover, the cost of a graduate degree.
Not only can students help cover tuition costs with a paid internship, but many programs also allow students to count the internship toward class credit.
Schools like Harvard Universityprovide tuition assistance to students who demonstrate financial need or academic merit. Many schools offer similar programs.
After reducing the cost of an MBA, students who prefer not to pay out-of-pocket take advantage of student loans. Various types of student loans exist, including friendlier loans offered by the government.
Free Online MBA in Finance Programs: Not all online MBA in finance programs charge tuition rates. Free online MBA in finance programs allow students to gain a quality education without any associated costs. Here are some universities that offer you MBA Finance online free and free MBA finance courses online.
Scholarships remain one of the best ways to help finance an online MBA degree. Some scholarships, including the following options, only apply to students that plan on pursuing an MBA.
AICP ScholarshipWho Can Apply: Both part- and full-time MBA students may apply for this scholarship. Applicants must plan on pursuing a degree related to finance, mathematics, or a business-related field. Amount: $1,500
Ritchie-Jennings Memorial ScholarshipWho Can Apply: Only full-time students currently enrolled in a program may apply. Applicants must be pursuing a degree related to business administration or finance and should plan on beginning a career in fraud examination. Amount: $1,000 – $10,000
Forte MBA FellowshipWho Can Apply: Created for women, the Forte MBA Fellowship works more like a scholarship, awarding hard-working women with funds to help finance their MBA. Applicants must be studying full-time. Amount: Varies
Military MBA ScholarshipWho Can Apply: Only U.S. residents who both served in the military and earned a bachelor’s degree can apply for this scholarship. Applicants must submit official transcripts and two letters of recommendation, one of which must come from a supervising officer. Amount: Varies
GFOA ScholarshipsWho Can Apply: The Government Finance Officers Association awards four different scholarships to graduate-level students, and both part- and full-time students may apply. Applicants should demonstrate an interest in working in public administration. Amount: Varies
Career and Salary Outlook for Online Finance MBA Graduates
Online MBA in finance graduates end up working in an array of industries. Those that specialize in international business might find work outside of the country, and corporate finance specialists often work for large corporations. An MBA graduate could even decide to start their own business or join a startup. While no amount of education guarantees any specific career outcome or salary, MBA in finance graduates often end up in these roles.
Personal financial advisors work with individuals to plan taxes, create savings strategies, and discuss short and long term financial goals. Most work with large securities companies though some enjoy self-employment.
A financial analyst looks over financial statements and investment to evaluate portfolio strength and risk. Financial analysts work either on buy-side, who buy investments, or sell-side, who sell investments.
Those interested in or currently pursuing an online MBA in finance can take advantage of professional organizations and networking sites. These resources help students connect with current professionals, learn new skills, and find careers in finance.
American Association of Finance & Accounting: With locations across the United States and Canada, AAFA primarily works to connect finance and accounting professionals with career opportunities, particularly for those looking to advance their careers.
Association for Financial Professionals: Based in Washington, D.C., AFP supports finance and treasury professionals and administers the Certified Treasury Professional and Certified Corporate FP&A certifications. Members receive industry data, online training, and career counseling.
LinkedIn: The social media site LinkedIn hosts millions of professionals, many of whom actively seek qualified finance candidates. Current students should begin networking via LinkedIn, look for job opportunities, and learn from seasoned professionals.
National Association for Personal Financial Advisors: The top organization for fee-only financial advisors, NAPFA offers several levels of membership, including options for current professionals and students. Members receive access to career listings, podcasts, virtual learning, and various member discounts.
National Black MBA Association : Created to empower a historically underrepresented community, the National Black MBA Association connects Black MBA graduates across the nation. NBMBAA hosts an annual conference, provides members with digital learning and certifications, and advocates for Black MBA graduates.
The rankings, average tuition (based on the degree type for in-state students), and average graduation rates are based on information from several sources, including Integrated Postsecondary Education Data System (IPEDS), and may vary. All rankings and figures mentioned are subject to change. Based on our proprietary methodology, the rankings are purely Online Masters Colleges's (OMC's) opinions. They do not represent the thoughts and opinions of the institutions or organizations mentioned, nor any official government census or survey. Additionally, any views or opinions expressed on this page are those of OMC's researchers and teams. Unless specifically indicated, they do not represent the thoughts and opinions of the people, institutions, or organizations mentioned. This page's provided content is solely for informational purposes, with information drawn from several sources, including IPEDS. OMC or its employees make no guarantees of the accuracy or completeness of any information on this page or found by following any link. OMC will not be held liable for any mistakes or omissions in this material, nor will it be held liable for any losses, injuries, or damages resulting from the exposure or use of this information. Although the material on this page is/was correct at the time of publication, reader discretion is always advised because part or all the provided information may have changed over time, potentially leading to inaccuracies. Please read our Terms of Service for more information. Logos and trademarks are properties of their registered owners
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