What does a finance MBA cover?

A finance MBA prepares students for careers in:

  • * Accounting
  • * Financial planning
  • * Banking
  • * Corporate finance
  • * A number of other careers in, and closely related to, the financial sector

    Skills taught

    Since you’ll be dealing almost exclusively with numbers, mathematics is an essential part of any finance degree. Courses focus on investment, investment strategy, local and global economics, mergers & acquisitions (M&A), corporate risk & insurance and financial theory.

    Finance MBA courses/curriculum

    While courses vary from school to school, finance MBAcourses typically include:

    • * Corporate investment management
    • * Portfolio management
    • * Hedge fund management
    • * Small business and corporate finance
    • * Coverage of global financial institutions, valuation, volatility, fixed income securities, international markets and macroeconomics

    Typical coursework and projects include financial modeling, global macro and micro economics, private equity projects, stock market pitch projects, entrepreneurship projects based in mergers and acquisitions, real estate investment, development and design, and investment strategies.

    An MBA in finance or a specialized master’s degree?

    An MBA in finance will prepare students for senior level and management jobs in the financial sector, with courses focusing more on management, communications, marketing, business leadership and organizational behavior. Almost all MBA programs require the GMAT or GRE for acceptance.

    An MSc in finance, on the other hand focuses more on technical and operational competencies, with classes such as linear algebra, differential equations and multivariable calculus taking precedence over management skills.

    Generally, an MBA in finance is geared more for leadership positions in the financial sector while an MSc in finance – generally more targeted at pre-experience candidates as well as those looking to move into specialized technical roles – is better suited to candidates moving into operational functions. Where an MBA in finance might pave the way to a CFO or hedge fund manager role, an MSc in finance might be appropriate for actuaries, economic theorists, economic behavioral modeling and financial analysts in the making.

    Careers in financial management can vary from business to business, but financial management careers typically include asset managementcorporate financeinvestment bankingsales and tradingpersonal finance and insurance.

    financial advisor, as the name suggests, advises individuals and corporations on how to invest their money wisely. Financial advisors typically command salaries in the range of US$65,000, but top earners can pull in around US$160,000 – plus, of course, healthy bonuses. Their duties include meeting with clients, managing investment accounts and researching other investment portfolios and opportunities.

    A career as a financial analyst often necessitates close contact with the stock market – analyzing stocks and investments, looking for optimal times to invest and the best stocks in which to invest. This also means meeting with companies or individuals to go through their wants and needs in order to lay out an investment strategy for them. Average salaries for financial analysts are in the US$75,000 range with the top 10% looking at salaries of almost double that, at around US$140,000.

    Financial planners help individuals and companies to plan their financial futures through budgets and financial goal setting, working with financial advisors, investment managers and mutual fund companies. Salaries for financial planners range from US$35,000 to upwards of US$100,000.

    Finance officers have wide-ranging job duties that depend almost completely on who they work for. Most work for banks, finance companies and credit unions, or other companies that deal almost exclusively with money. Duties and titles range from president, CFO and vice president to loan officer, controller and securities trader. Salaries for finance officers are commonly in the US$100,000+ range and companies typically require an MBA, MSc, or other master’s degree in finance.

    Investment bankers work with their companies or clients to build strong stock and bond portfolios in order to help make their company’s or client’s securities grow. While investment banking is known for its long hours and rigorous, competitive workload, compensation is typically above US$100,000 and, in many cases, upwards of $150,000.