A master’s degree in finance is one option for students looking to further their education in financial management. If you’re looking to pursue fiscal studies, budget creation, financial theory or other related fields, a master’s in finance can help you grow your skills as a professional.

Pursuing this degree can expand your skill set in corporate finance, financial reporting, econometrics and asset pricing. Several finance-specific fields may require a master’s in finance. For example, you might need a master’s in finance to begin a risk management career. Similarly, a master’s program can potentially prepare a person for a career in stock brokerage, investment, budget analysis or accounting.

Obtaining a master’s in finance can help prepare graduates for various international career options as well, including global finance and international capital management. These career choices require an in-depth knowledge of global financial compliance, which you can learn when you obtain a master’s in finance.

A master’s degree in finance can provide an in-depth understanding of various financial concepts, tools and techniques. Students in these programs may explore the principles of financial theory and analyze market behavior. They should also receive an in-depth understanding of capital structure and budgets among corporate entities.

Ultimately, a master’s degree in finance can equip graduates with comprehensive knowledge and practical skills essential to pursue a finance career.

University of Phoenix does not currently offer a master’s in finance, but it does offer an online Master of Business Administration that covers corporate finance courses that teach skills such as business valuation, knowledge about the financial market and capital structures. 

Many students pursue an MBA — a Master of Business Administration — as an important step toward learning the skills they will need to pursue a role in business. This type of graduate degree helps students further their knowledge of business administration, including many of the skills necessary to pursue management and leadership roles.

MBA coursework teaches advanced business concepts, including several financial concepts also taught in a master’s degree in finance program. An MBA helps students adopt several useful business skills, including business management, organizational structure, marketing and more.

An MBA can teach useful skills that can be used in a variety of occupations. For example, an MBA can help teach you skills to pursue roles as a general manager, an operations director or an administrative manager in a wide range of fields.

An MBA can be completed in as little as 16 months, but it will largely depend on your specific program. Some competency-based programs can be completed sooner, for example, than traditional programs but depend on a candidate having extensive business experience.

During your studies, you’ll further practical business knowledge and prepare for managerial roles. Many MBA curricula include coursework in leadership, business operations, decision-making and data analysis.

Before beginning your MBA, you’ll want to make sure your chosen school is accredited. Many schools offering MBA programs look for candidates with a strong mix of academic and nonacademic qualifications. Some schools, such as University of Phoenix, do not require entrance exams or essays for admission.

What can you do with an MBA? In addition to preparing for opportunities in leadership positions, an MBA at UOPX aligns specifically with the following careers:

• Business manager: Business managers oversee budgets, marketing, business strategies and personnel management. Their primary goal is to plan and develop strategies to help organizations become efficient.
• General manager (GM) and operations director: General and operations managers often overlap in their responsibilities. They create policies and manage operations for multiple departments within an organization.
• Administrative director: An administrative director’s responsibilities include overseeing and coordinating a company’s daily operations. That means developing administrative practices, records management and training methods. An administrative director could act as the chief executive or operations officer for some smaller companies.

While these roles typically require a bachelor’s degree, some employers may prefer candidates with an MBA.