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Master in Finance vs MBA

In order to have a successful career, one needs to gain a level of confidence, credibility and knowledge that makes them a good professional. They know that the best way to get on a track of success is to go through a higher grade of degree. A Master’s degree would help students gain a higher level of knowledge which helps them in the field.
There are many Master that one can apply for based on their educational background and future plans for their career. Out of the many options that are out there today the one that has risen through the ranks is Masters in Finance. It is a well-rounded course which can help put professionals on the track of a good career future.
What is to follow is an overview of Master’s in Finance, its benefits and its comparison to one of the most popular courses in the world, Masters in Business Administration.

masters in finance vs mba Intro

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What is the Masters in Finance?

Finance is the study of investments, assets and liabilities. To simplify, finance is a field of study which tracks and does analysis when an entity plans on the monetary decision of giving or taking money for business-related endeavours. Therefore, everything related to the stock market, investing in an organisation and being invested in will come under
Finance.

Finance, at its core, can be divided into three different categories personal, corporate and public (government). Personal finance is to do with individuals finance and involves retirement plans, credit cards and insurance. Corporate finance, as the name suggests, deals with businesses and their investments. This involves stock market analysis and investment
and helping companies find credible investments. Public finance deals with government- related finances like tax, auditing etc.

Master in Finance is a 12-18-month course, which may go up to 24 months, which helps students gain the knowledge necessary to help individuals and corporations alike to reach their financial goals. The curriculum, though involving a lot of varying subjects, is focused on subjects like managerial finance, corporate finance, investment analysis, accounting,
financial modelling, merger and acquisitions, quantitative finance etc.

There are many good programs offered by good schools’ which students can opt for, and some of them are listed below:

 Massachusetts Institute of Technology
 Vanderbilt University
 Princeton University
 Columbia University
 Robert Morris University
 Rice University
 University of Pennsylvania
 University of Michigan
 University of Minnesota
 University of Illinois
 University of Virginia
 University of Cincinnati
 University of California – Berkeley
 University of California – Los Angeles
 University of California – Irvine
 University of Texas – Austin
 University of Florida
 University of Wisconsin – Madison
 University of Arizona
 University of Maryland – College Park
 University of Buffalo
 University of Alabama
 Auburn University
 Indiana University – Bloomington
 West Virginia University
 North California State University
 Louisiana State University – Baton Rouge
 Texas A&M University
 Texas Tech University

Benefits of Masters in Finance

Master’s in Finance has many benefits to the students pursuing it. Following is a list of some of these benefits:

masters in finance vs mba Benefits of Masters in Finance
  • Subject-focused course – most of the courses which are popular with students looking to enhance their future careers are Masters in Business Administration (MBA) and Masters in Management (MIM). However, though rewarding, the curriculum of these courses is so designed so as to cover a variety of fields. This goes on to make these courses of a large duration and costly. Master in Finance has just one focused, which is studying various forms of finance.
  • Course Duration – most of the courses that students opt for are of long duration and take time to complete. Since the job market is ripe for the picking it is important that students opt for courses that help them gain a level of proficiency as soon as possible so that one can start applying. Master in Finance, through a demanding course, is a short one and can be completed within 12 months.
  • Eligibility criteria – The eligibility criteria for masters in finance are pretty much similar to most other master’s courses out there. However, some of the courses require students to have work experience before being eligible for the course. Master in Finance has no such requirements, and students can apply right after
    completing bachelors.
  • In Demand – currently, the job market is saturated with students of MBA and MIM. This happened because of the popularity of the course. However, this has clogged the job pipeline for individuals holding these degrees and looking for a job. Master in Finance remains a comparatively open market with an abundance of jobs for
    individuals.

MASTERS IN FINANCE (MFIN) vs MBA

masters in finance vs mba MFIN vs MBA

In order to understand the benefits of a course like Masters of Finance, it will be beneficial to compare it with a course which is highly preferred by students all over the world. Here we will be comparing Masters in Finance with a Masters in Business Administration.

Eligibility

The eligibility criteria for both these courses are pretty much the same in
respect to the standardized examinations (GMAT, GRE), English proficiency tests (TOEFL, IELTS) and minimum educational qualification (bachelors degree. However, master in business administration requires a student to have a work experience of a year minimum. In the case of Masters in Finance, students can directly jump into the
course after finishing their bachelors.

Future Goals

The choice you make for a future education endeavour heavily relies
on what one plans on achieving by applying for the course. A Masters in Business Administration is a professional’s course for people who have already had a taste of what working feels like and plan on enhancing their careers further.
Masters in Finance is designed for students looking to enhance their theoretical knowledge of the field before they walk into the workspace. It acts like another star on your lapel to increase your chances of being hired.

Curriculum

Master in Business Administrations curriculum is designed around
creating a wholesome professional. An MBA holder is a well-rounded professional who would learn subjects like accounting, finance, business ethics, business strategy, quantitative analysis, corporate governance etc. The course teaches more practical applications of the subjects.
Master in Finance is a theoretically based course and focuses on many aspects of only one subject, i.e. finance. The course involves studying managerial economics, financial analysis, quantitative techniques, investment analysis, international accounting, management, accounting, financial management and much more.

Popularity

Masters in Business Administration is one of the oldest business
courses that ever came to be. Many students all over the world apply for it and even travel internationally to pursue it. Many well-established business schools have developed their reputation solely based on their MBA programs.
Masters in Finance is a fairly new course and does not have the same kind of reach and popularity some other courses like MBA and MIM. However, recent times have seen Master in Finance find some recognition for itself in the education department.

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