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Online MBA in Finance: 2015 Degree Info





An online MBA in finance is one of the more common specializations you can choose from out of the many concentrations available for MBA degree programs. This graduate program is designed to prepare students for careers in the financial sector, while giving them a thorough education in business administration.

An online Finance MBA is a challenging graduate program that typically takes two years of full-time study to complete. Some online MBA finance programs are set up to take less time or are accelerated to help students finish their degree more quickly. Students who did not major in business for their undergraduate degree usually must start out taking introductory courses and prerequisites that introduce them to the graduate program while those who earned a bachelor s degree in business can launch right into their core courses. These are designed to give students a comprehensive education in business administration and include classes in management, financial accounting, marketing management, business communication, organizational leadership, statistical data analysis, and business law and ethics. Student must also complete three to five classes directly related to finance to fulfill the specialization requirement. These courses might include: corporate finance, capital markets theory and practice, investment theory and applications, and computational finance. Students completing their MBA in finance round out their studies with open electives related to business administration or finance. In between their first and second years, students completing their Finance MBA online are encouraged or required to undertake an internship. Finally, the highlight of many online Finance MBA programs is a capstone project during which students apply what they have learned in the classroom to a real-world problem. Quantitative research is often an important component of this final project.

Students interested in enrolling in an online Finance MBA program will need to first have a bachelor s degree from an accredited institution. The degree does not need to be in business, though having taken courses in business foundations, law and finance can increase a student s chances of being admitted. Most schools require that students have an undergraduate GPA of 2.0 or higher, though some schools may have tougher requirements. Applicants should also be prepared to submit the following documents along with their completed application:

  • college transcript
  • proof of GMAT scores
  • resume detailing work experience
  • essays following provided prompt
  • letter of program intent

Some schools, such as American InterContinental University. do not require these additional documents, but universities differ in their application requirements.

Make sure the business school you select is accredited by the Association to Advance Collegiate Schools of Business. The AACSB is a nonprofit membership organization dedicated to advancing quality management education and serves as an accreditor for undergraduate, master s and doctoral programs in business and accounting. With accreditation from the AACSB, you will know that you have chosen a reputable MBA program that will challenge you and you will earn a degree that is respected in the job market.

People who stand to benefit from completing an online Finance MBA program include those who are already employed in business and those who want to transition into it from another occupation. The courses, projects and internships built into an online Finance MBA degree program will give people the skills and education they need to advance to mid- and top-level management positions. Although this is a specialized degree preparing students for careers or advancements in the financial sector, it is versatile enough to help you land careers in other areas, such as marketing and operations management.

  • Information Technology Services: $76,000-$142,000
  • Manufacturing and Distribution: $58,958-$105,142
  • Banking: $40,288-$91,563
  • Online Brokerage: $37,103-$54,250
  • Commercial Insurance: $44,561-$69,555
  • Insurance Carrier: $43,324- $57,853

The best place to begin your search for online MBA programs in finance is the AACSB website. Rest your cursor over the accreditation tab and click on accredited institutions to see a list of such schools worldwide. For rankings, check out:

  • U.S. News World Report
  • Bloomberg Businessweek
  • Financial Times
  • The Economist

Another useful resource is the Online Education Database. which ranks online colleges using metrics such as graduation and retention rates and student-to-teacher ratio.



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