Get information about online Master of Business Administration (M.B.A.) degree programs in Fraud Management and their coursework, certification choices, and job and wage outlook.
Information on Fraud Management Program
While few schools, if any, offer MBA programs in Fraud Management, some offer online MBA programs that incorporate courses in fraud management. Students can often complete these programs entirely online, but they may need some visits to the campus in order to meet instructors or attend seminars. Most courses allow students to download course materials and view video lectures whenever they wish, subject to certain deadlines.
Admission criteria typically require students to hold a bachelor’s degree, though not necessarily in business or accounting. However, they might be helped by possessing knowledge in those fields. The majority of programs are flexible enough to allow students in current occupations to attend part-time. Courses in fraud management may be available through MBA programs with concentrations in accounting.
Core courses in business, such as management and accounting, are included in an MBA program. Students enrolled in fraud management courses learn about ways of detecting and stopping financial crime via forensic accounting. Program graduates can take the Association of Certified Fraud Examiners’ certified fraud examiner exam.
Online M.B.A. Programs in Fraud Management
In April 2012, not many schools offered MBA programs dedicated to fraud management. Students may choose to enroll in an MBA program that incorporates fraud management courses. They may also seek MBA programs with accounting concentrations. Students learn about using technological resources and forensic accounting skills in preventing and fighting financial crimes. There is no compulsion for a potential student to be a Certified Public Accountant (CPA) or possess an academic background in business or accounting to gain admission to these programs. However, testing in those areas may have to be taken by them to prove their skills.
Schools offer flexible online MBA programs that students can complete anywhere within 1-5 years. Although schools offer programs with accounting concentrations in wholly online formats, some on-campus time may be needed to ensure completion of residency requirements. For instance, attendance at seminars may be compulsory for students seeking expertise on the way programs work; they may also have to meet instructors and network with industry professionals. Coursework in online programs may be delivered through course management software, CDs, and message boards. Technical assistance hotlines may be accessed by students with inquiries 24/7.
Business administration core courses are in the coursework of both kinds of programs; lessons in accounting are also in the coursework. Core courses commonly include:
Students in this course learn about what needs protection from fraud through courses that cover the skeletal structure of corporate finance. The nature of the operation of corporate financial systems within local and global economic frameworks is also in the course.
Business Law for Accountants
Financial managers or aspiring accountants may enroll to gain a working grasp of the legal aspects of corporate accounting. The focus of these studies is not on international law, but rather on U.S. law.
Various topics covered in these classes include detection methods and proactive measure development. Coursework covers topic areas such as fraud resolution methods, cyber-crime, and corporate liability factors.
The Association of Certified Fraud Examiners offers fraud examination certification that forensic accountants need to pursue; these professionals are required to have the same training and education as CPAs.
Job and Wage Outlook
Over the 2012 – 2022 decade, a job growth rate of 13% has been predicted for all accountants (U.S. Bureau of Labor Statistics). In May 2012, accountants brought in an average annual wage of $63,550 (BLS).