If you’re interested in pursuing a career in finance, an online MBA program can provide the training and expertise you need to pursue your goals. Whether you’re looking for a high-paying role in banking or corporate finance or want to go into business on your own, an online MBA in finance can open up many opportunities.
Accounting
Depending on the program, students may take classes on tax law, real estate law, and basic accounting principles. Some programs also offer a class that examines current regulation and compliance issues related to accounting. Many online MBA programs offer a finance concentration, which focuses on the financial side of the business. This degree can help you pursue a career as a financial analyst, portfolio manager, or investment fund manager. According to the Bureau of Labor Statistics, the job market for these positions is expected to grow. The average salary for these positions is $72,250, and these professionals are in high demand.
Before you enroll in an online MBA program, consider your long-term career goals. If you want to get into a management role, having an MBA with a finance concentration can help you gain a leg up on your competitors.
Financial Management
An online MBA program in finance can provide a broad understanding of financial principles and how they apply to global business environments. Coursework will also help you develop critical thinking skills and prepare for the profession’s challenges. In an online finance MBA from a university like Southeastern Oklahoma State University MBA, you can expect to study topics such as investment portfolio management and short-term financial management. You may also explore traditional working capital topics, such as inventory and receivables management, payment systems and banking relationships. A business needs a good financial manager to oversee all its financial activities and procurement of funds. These professionals can help a company achieve its long-term goals and profitability by understanding the cost of funding, time and return expectations.
Management Information Systems
An online MBA program might be the best option if you want to pursue a career in management information systems. This degree provides a high level of business expertise that gives you an edge over peers who do not hold an MBA, especially in management positions. You’ll also learn how to make informed decisions based on data, whether it’s quantitative or qualitative. In addition, you’ll take courses on decision modeling and supply chain management. A degree in management information systems can open the door to various careers within the industry. In fact, the number of positions for MIS specialists is expected to grow significantly in the near future.
Marketing
Online MBA programs are popular with busy students. Unlike on-campus programs, online learning is year-round and can offer flexible scheduling and appeal to working professionals. Generally, online MBA programs take longer to complete than traditional degree-granting institutions, which can help you enter the workforce more quickly. They typically take 36-62 credits, with completion times ranging from 16-36 months. Coursework in an online MBA program in finance includes accounting, economics and leadership courses. These courses can give you a solid foundation of the business skills you need to succeed in your career.
Organizational Behavior
Organizational behavior studies how people act and work together in groups. This knowledge is crucial for team productivity, overall health, and company success. It’s also a critical skill for effective leaders. Managers need to understand what motivates an employee and how his or her attitude impacts performance. Then, they need to be able to lead that employee toward the organization’s goals. Managers need to be able to identify the best employees to hire, as well as how to reward and retain them. MBA programs in organizational behavior include classes that teach students how to apply OB theories to managing human resources, leadership, and corporate strategy. They also include classes that focus on general business and teamwork skills.