In the modern corporate world, finance plays a crucial role. The business world can be tough for young men and women with no formal background in finance. For this reason many professional business people seek finance degrees. The first step to take is to find finance-related programs at an accredited university. After you have made that decision the next step is to choose from business administration programs, graduate business schools, online business schools, programs focused on finance or economics. The choice is up to you.
Two Year Tentative Program The program I recommend for students who plan on entering the business world but don’t want to major in finance: Bachelor of Science in Business Administration (BSBA). Two years at a business college is a Bachelor’s degree in Business Administration. The skills learned in this degree will help you as a manager, salesperson and accountant. The Bachelor of Science in Business Administration degree also trains you to write business reports, analyze data and make financial decisions. You will learn how to communicate effectively with all departments in a business organization.
Master of Science in Finance With a focus on finance and economics graduates will learn more advanced skills in finance and accounting. An MBA in Finance and Accounting has the same goal as the BSBA; to become a manager. The master of science in finance degree focuses on finance principles. It will teach you about financial markets, risk management and mathematical methods of investing. Some programs also include accounting and statistics classes as part of the curriculum.
Master of Science in Business Administration (MBA) – This is one of the most common finance degrees awarded at business schools and colleges. There are many options for graduates to choose from. An MBA typically focuses on business leadership skills. It usually takes two to three years to complete an MBA program.
Concentrations of Finance concentration varies from industry to industry. Many programs give you a solid foundation in financial markets, while others concentrate on specific areas such as corporate finance or hedge funds. Corporate finance focuses on the strategies, tools and processes used to create and manage long-term investment plans of businesses. Hedge funds work on investment portfolios that try to protect the overall value of a company by using sophisticated investment techniques. Private investors and venture capital firms, which are similar to commercial banks, usually focus on working with younger and newer professionals in the financial markets.
Degrees in Finance Popular undergraduate programs in finance include Accounting and Financial Analysis, Bachelor of Science in Accounting, and Accounting Degrees. These programs provide excellent preparation for careers in finance, insurance, or other industries. Accounting Degrees prepares students to work with accounting principles. Financial Analysis Degrees trains students to analyze and interpret financial information. A combination of a Bachelor of Science in Business Administration degree with a concentration in finance can help you prepare for careers as an investment banker, financial analyst, or insurance manager. Many bachelor’s degree programs also offer programs in algorithmic trading.
Master of Science in Finance (Masters) Finance degree programs prepare students to enter investment banking, insurance, or business management careers. Some of the classes in these programs require study in algebra, calculus, statistics, and computer science. The curriculum of these programs vary, but most have an emphasis on finance research and practice. There is greater coursework included in these programs than in the business administration degree programs. However, some Masters programs do have an independent track record of job placement, so potential students should keep all options open.
Computers and Their Abilities; Software Models and Algorithms; Risk Management; Portfolio Theory; Multivariate Analysis; Principles and Practice of Management; Marketing and Entrepreneurship; International Business and Management; Financial Accounting; and Accounting Degrees emphasize on the use of computers in finance and in business management. Some of the courses in these programs include courses in advanced math, such as probability courses, finite mathematics, discrete math, and algebra. Some of these programs require coursework in computer science, accounting, economics, and statistics.