As you take on the path of advancing your education, what you will hear most is to go for an MBA (Master’s Degree in Business Administration). With an MBA, you will cover a broad curriculum that includes marketing, accounting, finance, management, and entrepreneurship. Although all of these areas are important with finance, what is becoming more popular is dedicating your studies to one area and achieving a Master’s degree in Finance (MF).
The challenge comes in, when you have to decide which program is the best curriculum for a prospective student. Each program can lead to career opportunities with high-paying salaries. It makes a person asks, what is the difference between the two? With an MBA, a graduate obtains a broader knowledge base and set of skills that comprises a number of aspects within business. If you specifically focus on finance, the best program is a Master of Finance. You can easily determine which program is best for you, when you consider your career goals.
When you want to climb the corporate ladder, the MBA can make the climb a lot easier for you. A student is not only prepared to be employed by a financial institution, like a bank, but you are also ready to take on management positions in various fields. Another great option is becoming an executive for a start-up company.
Master of Finance
If your desire is only finance or field that is closely-related to finance, you have a better chance of success with a Master of Finance degree. This program provides a comprehensive study of finance subjects, such as mathematics, investments, financial theory, valuation, financial analysis & reporting, markets, and quantitative finance. A student does not need previous work experience for this program. This is why students in this field are usually younger than students with an MBA.