Individuals who aim for higher positions and salaries after graduation usually opt to get a Masters in Business Administration (MBA) Degree. According to latest surveys and trends, the most sought after and the most lucrative degree to date is the Masters in Business Administration Finance Degree.
Individuals with MBA’s are those who are usually given the Executive and Senior Management position in companies. A wide range of employment opportunities open up to them.
The MBA Finance degree is an area of specialization which aims to strengthen and reinforce the strategic and analytical prowess required to effectively dispense vital decision making scenarios in a variety of corporate, institutional, banking, and real estate businesses. Individuals taking this learn innovation management, understanding of financial management and financial institutions, international financial markets, investment strategies, advanced budgeting and control procedures, portfolio and risk management. It is necessary for an MBA student to have a clear and definite appreciation of various Finance Concentrations. Such is integral in providing the individual with a far reaching understanding of investment strategies in local and international financial markets, to anticipate and prepare the company for managing risks, initiate solid budgeting and control procedures, acquiring companies via mergers and the like and more importantly, ably and effectively turn-around companies that have run aground. Several universities also offer the degree online. The degree is usually completed in two years but in some universities it can be completed in as little as a year.
In the U.S. business schools fall under two major categories: public which is state supported and private, which are independent institutions. For some international students, tuition expenses will be based on non-resident charges and therefore would be less expensive that the private institutions.
US Universities would require 16 years of undergraduate education (four years of education after high school or junior college) to be eligible for an MBA Program. These are the usual professional four-year degree courses such as engineering and the like.
Most universities would also recommend or require some work experience, the minimum of which may be two to three years. Although one may be accepted sans work experience, preference will always be given to those who have.
The MBA Finance Degree or nearly all MBA degrees for that matter require payment of hefty tuition fees. The tuition fees would range from a low of US$9,000 to a staggering US$30,000.00. This is exclusive of annual living expenses which could sometimes reach up to US$12,000 per annum.