Salt Lake City Find Online Doctorate In Finance Programs
DBA PhD in Finance Degrees General Information
Graduate students who want to take their knowledge of mathematics, business, and economics and finance to the highest achievement level, might consider earning an Online PhD in Finance in a business administration program.
Online PhD In Finance programs offer the opportunity for currently working professionals who are seeking higher education in finance either to update credentials and potentially move up the corporate ladder, or gain new skills that may open new levels of employment.
Distance learning is becoming increasingly popular with the advent of educational technology and online course management systems. The virtual classroom and the virtual library have become sophisticated enough so that students might feel as if they were on campus, with the benefit of not having to commute there. Digital tools also keep students connected to faculty and classmates, and if you are someone who works well independently, this type of learning format may be extremely convenient for you.
If you scroll through the listings on GradSchools.com, some of the Online PhD in Finance programs in finance might include Online Doctor of Business Administration – Financial management, and PhD in Personal Financing. You are able to click through to request more information from each school which makes it easy to keep a list of comparative curriculum, admission requirements, tuition and faculty.
What Types Of Online PhD In Finance Degrees Are Available?
The two main designations in doctoral level finance programs are the (DBA) Doctor of Business Administration in Finance or in finance related specializations and the PhD in Finance. They are both terminal degrees in finance, may take 4-5 years to complete, and involve research and a written dissertation.
However, whereas the Online PhD in Finance focuses on advancing students’
knowledge of finance to prepare them for a potential career in research, consulting or academia, the Online DBA in Finance is more of a business-oriented management degree. Typical DBA programs emphasize professional training, and learning how to apply existing financial and economic theory to practical business problems.
What Skill Are Required To Work In Finance?
If you examine the qualities it takes to work as a financial analyst, one of the things they start out by doing is specializing in one area or investment field. They may become portfolio managers, fund managers, securities analysts or investment analysts. When considering a PhD in Finance, it is wise to have:
- A clear sense of what your niche is or might be so you are able to cultivate expertise
- Strong analytical skills to find profitable investment
- Effective communication skills to deal with clients, staff and others
- Decision-making skills to make fast trading decisions
- Attention to detail to be able to review investments,
- Mathematics skills to estimate values of financial securities
- Computer skills to be able to use current technology to analyze financial date, spot trends, create portfolios and make forecasts
FUN FACT: To be successful, financial analysts must be motivated to seek out obscure information that may be important to the investment. Many work independently and must have self-confidence in their judgment.[i]
Career Trends For PhD in Finance Graduates
Graduates of PhD finance programs may pursue a variety of potential career paths both in academia and in the worlds of business and finance. Some of these occupations might include:
Business Teachers, Postseconday: If you are interested in academia, you might teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research.[ii]
Economists: If you are hoping for a top-level role in finance, earning a doctorate level degree might well set you apart from peers with Master’s level education. Economists conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy.[iii]
Investment Fund Managers: Plan, direct, or coordinate investment strategy or operations of liquid assets supplied by institutional investors or individual investors.[iv]
Statisticians: Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide functional information.[v]
Financial managers: Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.[vi]
Ready To Purse An Online PhD in Finance?
With the current competitive marketplace, it is becoming more common for candidates with higher education in finance and business administration to move up the corporate ladder. If you are hoping for a top-level role in finance, earning an online doctorate level degree might well set you apart from peers with Master’s level education. Since web-based formats tend to attract working professionals, often these online doctorate programs have an applied, professional practice emphasis. Why not begin reviewing doctorate programs in finance on GradSchools.com today!
Sources: [i] bls.gov/ooh/business-and-financial/financial-analysts | bls.gov/ooh/education-training-and-library/postsecondary-teachers | [ii] onetonline.org/link/summary/25-1011.00 | [iii] onetonline.org/link/summary/19-3011.00 | [iv] onetonline.org/link/summary/11-9199.03 | [v] onetonline.org/link/summary/15-2041.00 | [vi] onetonline.org/link/summary/11-3031.00