Most Popular MBA Is the Finance MBA
Visitors to the Master of Business Administration (MBA) section of WorldWideLearn.com, an online education resource, showed more interest in the Finance MBA than any other type of MBA during the second quarter of 2006. The Operations and Supply Chain Management MBA was the second most popular choice. These results reflect Internet activity indicating Finance MBA and Operations MBA are the most searched for MBA topics.
Data from the U.S. Department of Labor Statistics supports the notion that employers are looking for financial managers holding a Master’s Degree in Business Administration, Risk Management, or Finance. With a mean annual wage of $94,000, aspiring financial managers are wise to consider an MBA in Finance as a way to advance their careers.
Consumer interest in Finance MBAs could be a result of the Sarbanes-Oxley Act which has had a profound effect on the accounting profession and publicly traded companies. Accounting MBAs represented only 3.9 percent of searches on WorldWideLearn.com and 1.8 percent of Internet searches. Finance MBAs however, represent 8.6 percent of WorldWideLearn.com and 18.6 percent of Internet searches.
According to WorldWideLearn.com, MBAs with finance specializations go beyond general management training by providing advanced skill in assessing financial risks and rewards. Students pursuing a Finance MBA can expect courses in such topics as portfolio management, global finance, financial markets and corporate financial analysis.
Accounting MBA programs often include detailed practical learning in financial assessment and reporting; risk management; planning; implementation; and taxation, according to WorldWideLearn.com.
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