Tuesday, April 23, 2013

MBA in Finance – Is it Worth It?

Achieving an MBA in Finance at a great university is no easy feat, but it can yield great rewards. MBA professionals in the business world are hard to come by, and one that has personal experience in the field of finance can give great value to an organization that’s playing with million dollar budgets.

The Course Work

MBA programs that offer a finance concentration typically separate their students from the other MBA students for the majority of classes. Students will cover a range of materials including bank management, financial modeling, venture capital case studies, and other finance related topics.

The Time Frame

A full MBA program with a concentration in finance will run two full years, however there are many programs that run part time that last roughly 3-4 years. Balancing a work and life schedule is often the trickiest part of getting an MBA, and you always want to succeed at both. Plan out years in advance so you know when the best time will be to shoot for getting your MBA. Additionally, many employers help pay for student MBA programs, which can save you lots of money, and help your employer invest in your future.

The Dividends

No one said achieving an MBA was cheap, and it can often cut into the pockets of students at $20,000 - $30,000 a year. However, later down the road, a MBA graduate may be making anywhere from $20,000 - $100,000 more a year than a non-MBA grad for their accomplishments earlier in life. It’s a big personal investment that can easily pay off later down the road.

There are plenty of great MBA programs that offer finance concentrations out there, but we would recommend the MSU MBA in Finance Program if you’re looking for a program that is well respected nationally and has an excellent set of professors that you can network with for the rest of your lives.