A Look into The Northeastern Online MBA Finance Concentration

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MBA degrees have proven valuable to professionals of all levels either looking to ascend the corporate ladder, change careers, or gain personal growth by building on their knowledge and leadership skills. This may explain why more than 500,000 individuals applied to U.S. MBA programs in 2017, according to research from the Graduate Management Admission Council.

However, today’s MBA instructional tracks are drastically different from those that characterized graduate business management education a decade ago. Universities across the country are retrofitting their offerings to match current operational demands. Today, that involves infusing generalized MBA programs with a concentrated focus that gives students the power to cultivate specific knowledge and bolster their employability in an increasingly fractured marketplace. MBA graduates are entering specialized industries in which sector-specific knowledge is essential to success.

Why Study Finance Now?

The financial services field is one of the most popular destinations for MBA graduates. Approximately 15 percent of recent MBA alumni work in this industry, according to the Graduate Management Admission Council. Only two industries, the information technology and product and service sectors, boast higher populations of business school graduates. The finance focus is currently a popular choice for highly trained management professionals from various industries and backgrounds as it not only offers attractive pay but also sits at the center of several exciting trends, including the emergence of cryptocurrency and the rescaling of the asset management sphere, according to analysts at Deloitte. These variables make it an ideal focus for entrepreneurial MBA holders who wish to find both success and excitement in their careers.

The D’Amore-McKim School of Business offers an immersive Online MBA program with a finance concentration designed to equip students with the focused knowledge and real-world experiences they can apply in a multitude of industries.

So how does the program unfold? Here is what students who enroll in the program can expect:

A Solid Foundation

The online MBA at the D’Amore-McKim School of Business is a 50-credit-hour program designed with two segments: 13 core courses that will strengthen your foundational business knowledge and five electives that enable you to focus on a particular area of interest, including the finance concentration.

The core courses include:

Financial Statement Preparation and Analysis
Here, students learn how to create corporate financial reports and leverage the data in the reports to develop strategic plans.

Identifying Strategic Implications in Accounting
Data expands on the concept of data-backed decision-making, diving into how accounting analysis can facilitate short-term and long-term growth.

Value Creation Through Financial Decision Making
Offers even more insight in this area. Here, prospective business leaders learn how to implement financial management best practices that create value and facilitate organizational growth.

Information Analysis and Managing Information Resources
Dissects how modern businesses leverage business intelligence to make more informed operational decisions and better position themselves for short- and long-term growth.

Operations and Supply Chain Management
Dives into the various shop floor workflows needed to conceive, assemble, and transport physical products.

The Online MBA program at the D’Amore-McKim School of Business also looks outward to address the worldwide business environment with courses such as Managing the Global Enterprise and Global Competition and Market Dominance, both of which can lend students the international awareness they may need to manage businesses in the midst of globalization. Additionally, students tackle more nuanced business management issues such as people management, marketing, and ethics as they round out their core curriculum and move into their concentration courses.

Specialized Financial Insight

Students pursuing the Online MBA in Finance at the D’Amore-McKim School of Business must complete three out of five elective courses from the finance concentration. These three-credit classes cover a variety of fiscal issues and operations.

Investment Analysis helps students understand the domestic and international financial markets, addressing securities, valuation techniques, and other key concepts such as intrinsic value and risk.

International Finance Management addresses methodologies for handling fiscal matters within multinational organizations. Foreign exchange is at the center of many of the topics discussed.

Financial Strategy lends students the analytical and communication skills they need to effectively manage financial operations in a modern business, no matter the size.

Mergers and Acquisitions allows business professionals to familiarize themselves with the financial implications that accompany corporate reconfigurations.

Business Turnarounds places spotlight on less-than-ideal outcomes such as bankruptcy and liquidation. By immersing themselves in such concepts, students can learn strategies for dealing with these negative scenarios with operational and ethical verve.

Investment Banking discusses the policy, strategy and administration of financial services firms. Topics include issuance of securities, the service function within financial services, pricing a negotiated issue of common stock or competitive bid issue, and meeting capital requirements of a securities firm.

Valuation and Value Creation explores recent developments in financial management and financial analysis through the use of modern finance theory to make capital allocation decisions that lead to long-run value maximization for the corporation. This course also focuses on applications and financial model building, risk analysis for valuation applications, and business strategies to measure and manage corporate value and value creation.

Healthcare Finance implements financial management and economic principles to analyze real-world healthcare issues. Emphasizes and encourages problem solving and creative thinking through the use of texts, cases and models of the healthcare industry.

Entrepreneurial Finance for High Tech Companies covers topics that include analyzing the financial needs of high technology ventures, including working capital management, risk analysis, capital budgeting, sources of financing, valuation; and exit strategies, including licensing, joint ventures, mergers and acquisitions, and initial public offerings (IPOs).

Sustainability and the Economics of Markets examines the idea that building a sustainable business enterprise often involves correcting market failures. This course also examines the responsibilities of the business enterprise to society at large. Also explores the causes of and remedies for market failures, such as immigration, education, healthcare, climate change and finance, and what these mean for governments, businesses and individuals.

In all, these courses offer aspiring management professionals the financial knowledge and skills they may need to carve out unique career pathways tailored to an increasingly data-driven business environment. From financial analyst to independent entrepreneur, Northeastern University’s Online MBA in Finance provides students the foundation and focused knowledge they can apply in the business world.

Career Outlook

Graduates can pursue mid-level roles in finance departments that come with median salaries of $105,000, according to research from GMAC. Online MBA graduates work in a variety of sectors, including the consulting, information technology, and health care industries.

If you are interested in earning your Online MBA degree in Finance in as few as two years, connect with an enrollment advisor at Northeastern University today. The program offers experienced professionals the opportunity to advance their careers with finance-focused knowledge and leadership skills they can gain through experiential learning.

Recommended Readings:
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Northeastern University’s Online MBA Program