Written by Michael Feder
Reviewed by听Kathryn Uhles, MIS, MSP,听Dean, College of Business and IT
Those considering a career in business, finance or management may likely be considering a master鈥檚 in finance vs. MBA (Master of Business Administration) degree. Both degrees can further knowledge of financial management, accounting and basic business practices.听Let鈥檚 discuss some of the two degrees鈥 similarities and differences.
Although a master鈥檚 in finance vs. an MBA have similarities, they differ in several ways. It鈥檚 essential to understand the key differences in order to pursue the best degree for future career plans.
Be aware that there are many听reasons to consider any graduate degree, especially to build a skill set. In fact, even for established leaders in a field or company, a graduate degree may help with pursue future job opportunities. For career aspirations that involve finance, it makes sense to consider a master鈥檚 in finance vs MBA.
Depending on career goals, there鈥檚 likely one听master鈥檚 degree that鈥檚 best for prospective students. An online MBA program may be your preferred option if the primary concern is with flexibility, both in terms of the program itself and of potential career paths. While a master鈥檚 in finance suits positions like financial analysis and auditing, you can apply an MBA to a much broader career field 鈥 including finance, business, medical management, research and entrepreneurship.
A master鈥檚 degree in finance is one option for students looking to further their education in financial management. Those looking to pursue fiscal studies, budget creation, financial theory or other related fields will find that a master鈥檚 in finance can help grow skills as a professional.
Pursuing this degree can expand a skill set in corporate finance, financial reporting, econometrics and asset pricing. Several finance-specific fields may require a master鈥檚 in finance. For example, a student or current business professional might need a master鈥檚 in finance to begin a risk management career. Similarly, a master鈥檚 program can potentially prepare a person for a career in stock brokerage, investment, budget analysis or accounting.
Obtaining a master鈥檚 in finance can help prepare graduates for various international career options as well, including global finance and international capital management. These career choices require an in-depth knowledge of global financial compliance, which can be learned when you obtain a master鈥檚 in finance.
When comparing a master鈥檚 in finance vs. MBA degree, a master鈥檚 degree in finance can provide an in-depth understanding of various financial concepts, tools and techniques. Students in these programs may explore the principles of financial theory and analyze market behavior. They should also receive an in-depth understanding of capital structure and budgets among corporate entities.
Ultimately, a master鈥檚 degree in finance can equip graduates with comprehensive knowledge and practical skills essential to pursue a finance career.
七色视频 does not currently offer a master鈥檚 in finance, but it does offer an online Master of Business Administration that covers corporate finance courses that teach skills such as business valuation, knowledge about the financial market and capital structures.听
Many students pursue听an MBA 鈥 a Master of Business Administration听鈥 as an important step toward learning the skills they will need to pursue a role in business. This type of graduate degree helps students further their knowledge of business administration, including many of the skills necessary to pursue management and leadership roles.
MBA coursework teaches advanced business concepts, including several financial concepts also taught in a master鈥檚 degree in finance program. An MBA helps students adopt several useful business skills, including business management, organizational structure, marketing and more.
An MBA can teach useful skills that can be used in a variety of occupations. For example, an MBA can help teach you skills to pursue roles as a general manager, an operations director or an administrative manager in a wide range of fields.
An MBA can be completed in as little as 16 months, but it will largely depend on the specific program. Some competency-based programs can be completed sooner, for example, than traditional programs, but depend on a candidate having extensive business experience.
During MBA studies, students further their practical business knowledge and prepare for managerial roles. Many MBA curricula include coursework in leadership, business operations, decision-making and data analysis.
Before beginning an MBA, make sure the chosen school is accredited. Many schools offering MBA programs look for candidates with a strong mix of academic and nonacademic qualifications. Also consider that some schools do not require entrance exams or essays for admission.
What can you do with an MBA? In addition to preparing for opportunities in leadership positions, an MBA can align specifically with the following careers:
While these roles typically require a bachelor鈥檚 degree, some employers may prefer candidates with an MBA.听
Both a master鈥檚 degree in finance and an MBA can help enhance a skill set in business. However, these degrees are different in several ways.听
A student's preferred industry is likely the most important factor in determining the best degree for them. For example, an MBA is likely the more appropriate choice for those who want to create and run a business. By contrast, a master鈥檚 degree in finance might be a better option to pursue a specialized financial position, like that of an accountant or a听financial advisor.
Professionals who have minimal business experience may also prefer a master鈥檚 in finance over an MBA, especially if they aren鈥檛 seeking to manage business operations or if they want to specialize in other areas, such as human resources or marketing.
Aspect | MBA |
---|---|
Curriculum
|
Covers various business disciplines (marketing, operations, leadership)
|
Duration
|
11 months to two years, depending on the program
|
Career paths
|
Management roles, executive leadership
|
Work experience
|
Often requires work experience
|
Networking opportunities
|
Extensive alumni networks across industries
|
Flexibility
|
Part-time, full-time, executive options
|
|
If you鈥檙e considering a master鈥檚 in finance vs. MBA, be aware that there are many reasons to consider any graduate degree, especially if you want to build your skill set.听七色视频 offers many听online business programs, including two MBA choices:
Contact 七色视频 for more information.
A graduate of Johns Hopkins University and its Writing Seminars program and winner of the Stephen A. Dixon Literary Prize, Michael Feder brings an eye for detail and a passion for research to every article he writes. His academic and professional background includes experience in marketing, content development, script writing and SEO. Today, he works as a multimedia specialist at 七色视频 where he covers a variety of topics ranging from healthcare to IT.
Currently Dean of the College of Business and Information Technology,听Kathryn Uhles has served 七色视频 in a variety of roles since 2006. Prior to joining 七色视频, Kathryn taught fifth grade to underprivileged youth in Phoenix.
This article has been vetted by 七色视频's editorial advisory committee.听
Read more about our editorial process.