Degree Overview: Master of Business Administration (MBA) Degree in Financial PlanningMajors Overview May 16, 2015
Get information about Master of Business Administration (M.B.A.) degree programs in Financial Planning and their educational requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Business Administration (M.B.A.) Programs in Financial Planning
Research, experience, analysis and ethics are incorporated in a degree program that becomes an MBA in Financial Planning. Schools often offer financial planning as a specialization track in the MBA degree program; applicant students are typically required to finish foundational MBA courses. The Master of Business Administration (M.B.A.) in Financial Planning is the ideal choice of study for those interested in investing, business and finance. Program graduates can seek professional certification to become a financial planner. Individuals rely on financial planners for advice about money management and financial decisions in the future.
Admission criteria typically require incoming students to hold a baccalaureate degree; submission of scores from the Graduate Management Admission Test (GMAT) may also be a requirement. In some schools, incoming students may also be required to finish prerequisite courses in fields of study such as personal income tax and employee benefit management.
Multidisciplinary and rigorous, the program coursework may include classes leading to a certificate in financial planning. Core coursework may cover subject areas such as:
•Laws and ethics of financial planning
•Information technology management
•Financial planning principles
•Economics of management
•International business concepts
•Managing personal investments and portfolios
Program graduates can look into jobs in various organizations that have financial planning services, including credit unions, accounting firms, insurance companies, credit counseling organizations, and banks.
Job and Wage Outlook
Over the 2012 – 2022 decade, financial analysts and personal financial advisors are expected to see 16% and 27% growths, respectively (U.S. Bureau of Labor Statistics). In May 2012, personal financial advisors and financial analysts earned respective wages of $67,520 and $76,950 (BLS).
Continuing Education Choices
The Certified Financial Planner Board of Standards, Inc. offers the Certified Financial Planner certification examination that program graduates from the MBA degree program can take in order to enhance their career prospects. Advanced degrees in financial planning and/or business administration may also be earned by graduates.