If you want to start exploring the world of administration and finance or are already a working professional in the fields of business, investments and finance and want to refresh your qualifications and education, this can be an exciting time to earn a Masters in Finance on Campus Degree. In fact, while some jobs may require a bachelor’s degree for entry-level positions, often a Masters in Finance on Campus Degree is preferred[i].
The financial industry has evolved through the last decade. Corporate scandals, financial crises, the recession of 2007-2009, technological advances, have given rise to current modalities, like online banking. Theories about investments, laws and regulations governing businesses and individuals, as well as computer programs have been generated.
Masters in Finance on Campus Degree Programs: Degree Types
Choosing a program can be daunting. With so many options, a good starting point might be to determine where your interests lie, so that you can pick an academic track that matches your aspirations. For instance you might ask yourself; are you drawn to: accounting, strategy and planning, management, sales, taxes, banking, investments or corporate finance? Will your end-goal require certification and preparation? Some Masters in Finance programs are geared toward helping student develop skills that may prepare them to take the CFA (Chartered Financial Analyst) or CFP (Chartered Financial Planner) examinations, some schools might have accreditation with different organization such as the Association to Advance Collegiate Schools (AACSB) or EQUIS. Some degree options in finance masters programs might include:
- MS- Finance: Some Master of Science in finance programs are designed to equip learners with a well-rounded exposure to finance, and financial markets, and can cover practical business applications to help the learner navigate financial challenges. Other programs may offer students a chance to specialize, such as a Master of Science in Accounting-Finance, where you gain industry related knowledge about financial analysis and financial planning.
- MBA-CFA (Master of Business Administration with Chartered Financial Analyst Track: This type of program offers more finance training. Students generally can expect to learn asset valuation, portfolio management, and upon passing various exams and eligibility requirements, be on the path for certification as a CFA.
- MBA in Business Administration – Finance: If you are drawn to in an in-depth study of the practical uses of financial management principles in businesses, non-profit organizations and government, then you could pursue a Master of Business Administration (MBA) – Finance. Some MBA Finance programs offer concentrations courses in financial modeling, international finance, real estate, and business investment.
- MS-Financial Management: These programs are geared towards helping to prepare graduates with a concentrated education in financial management, planning, income and estate taxes, retirement planning, law, investments, and banking among other topics.
- MS-Global Finance: Programs of this nature are aimed at helping to equip students with cutting-edge knowledge in economics, finance, geopolitics, risk management, mergers and acquisitions, and other topics.
What a Finance Masters Programs Curriculum Might Potentially Look Like:
Each program with a concentration will expose students to the particular emphasis of the degree type. Masters in finance degrees will also vary depending on the campus. Some of the coursework that students might be exposed to may include topics such as:
- Financial Modeling
- Capital Budgeting
- Financial Accounting
- Strategic Financial Decisions
- Capital Structure/cost
- Multinational Financial Management
Potential Benefits of Masters in Finance on Campus Programs
- Networking: Studying for your master’s in finance on a college campus can be the experience of a lifetime. Students can reap the benefits of belonging to a community of peers, classmates, and professors, some of which could potentially become colleagues.
- Balance: Whether you study part-time or full-time, earning your degree could take a few years. While you know you have to be prepared for hours of homework and study, you may also want some kind of life-balance that involves joining college activities or clubs.
- Access: Being on-campus means enjoying access to all the facilities, from athletic amenities, to libraries and laboratories. Plus, there might be an awesome cafeteria so you don’t have to think about meals with your busy schedule!
Potential Career Paths for Finance Graduates
Depending on the emphasis of study, experience, accreditation, and other determining factors, there are various career paths that graduates earning Master’s in Finance Degrees could pursue. Some of these career paths include:
- Financial Analysts[ii]
- Budget Analysts[i]
- Financial Managers[iii]
- Personal Financial Advisors[iv]
- Securities, Commodities, and Financial Sales Agents[iv]
- Insurance Sales Agents[vi]
- Accountants and Auditors[vii]
Did you know?:The employment of personal financial advisors is projected to grow 27% from 2012 to 2022, much faster than average for all occupations[iv].The Bureau of Labor Statistics has projected more than 1 million job openings are expected for financial specialists who have the right skills and training[viii].
Ready To Search For A Masters in Finance on Campus Program?
Today’s world is one where money is key. We need it to buy things, pay off debt, pay our taxes, and invest in the future. Businesses need to make smart financial decisions to stay afloat, and individuals may value informed advice on how to manage their hard-earned salaries. If you are a student with an aptitude for mathematics, and a strong business sense, earning a career-focused Masters in Finance may help prepare you to pursue a variety of potential career paths, and further studies and accreditation in this growing field[ix].
Sources: [i] bls.gov/ooh/business-and-financial/budget-analysts.htm | [ii] bls.gov/ooh/business-and-financial/financial-analysts.htm | [iii] bls.gov/ooh/management/financial-managers.htm | [iv] bls.gov/ooh/business-and-financial/personal-financial-advisors.htm | [iv] bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm | [vi] bls.gov/ooh/sales/insurance-sales-agents.htm | [vii] bls.gov/ooh/business-and-financial/accountants-and-auditors.htm | [viii] bls.gov/careeroutlook/2014/article/financial-specialists.htm | [ix] bls.gov/careeroutlook/2000/Summer/art03.pdf