Attending the best business school in finance prepares you to work in business administration and management organizations. The discipline offers speciality areas such as investment banking and corporate finance.
An MBA in Finance is an advanced degree in business administration. It inculcates strong leadership skills in business communication, strategic planning and personal development. The program is interdisciplinary and exposes students to principles and practices in management, marketing and accounting. The coursework covers modern financial theory, capital markets and investment banking.
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Students will be able to perform advanced financial statement analysis and make relevant recommendations to company CEOs. Â MBA finance graduates are prepared to work in a variety of high paying fields like financial analysis, consulting, management or fundraising.
Here are the best business schools for MBA in Finance in the world you can attend to be sure that you have given your career the best kick. They are among the top-ranking accredited business schools.
- University of Chicago – Booth Business School
The Booth Business School at the University of Chicago aims to raise top global leaders with a penchant for business. Courses offered at the school include accounting, economics, entrepreneurship, general management, international business, finance, public policy, management information system, etc.
The school has the capacity to attract the best leaders all over the world for its MBA programs. Students are challenged to yearn for deeper understanding and smarter solutions through conducive learning environment, whilst being grounded in the knowledge of powerful fundamentals for decision-making through their career development process.
Tuition for full-time studies = $73 440 per annum; part-time studies = $7 344 per credit; and executive = $194 000 for total program.
- Massachusetts Institute of Technology – Sloan Business School
The Sloan School of Management at Massachusetts institute of Technology offers a very broad gradient to their students. Courses are delivered with a global mindset, action Labs in the school built with the aim of helping students tackle real issues encountered in organizations.
The departments or concentrations at the school include accounting, economics, entrepreneurship, finance, general management, international business, leadership, and many more.
Tuition for a full-time program is $77 168 per year.
- Robert Gordon University – Aberdeen Business School
Times Higher Education 2020 named Aberdeen Business School as the Best Business School of the Year in recognition of their work-based learning, teaching and state-of-the-art methods used by the staff to make sure students are provided with exceptional business education. Top quality graduates are produced at the end of the academic year.
Each course in the school comprises a dual award and they include:
- A globally recognized MBA qualification
- A Diploma or certificate in strategic management and leadership (level 7) from the Chartered Institute of Management (CMI)
The school’s AACSB accreditation has made it one of the top 5% of business schools globally.
- Imperial College Business School in the UK
Imperial Business, through its full-time MBA programs, places importance on leadership and innovation through a wide range of projects that would make their student’s great leaders and ready to face businesses challenges rocking the world. The program consists of pre-study modules (for foundation laying), core modules and electives that help their students to build effortlessly on existing experience while introducing them to new and challenging courses. The skills acquired will help them explore numerous topics in business and help them become effective and inspiring leaders in their careers.
The school offers the following programs: accounting, business economics, organizational behaviour, design thinking and innovative problem, finance, and many more.
Tuition is £54 500 for a one-year full-time program.
- New York University – Stern Business School
At the Stern Business School, New York University, students can also specialize in up to three areas and complete dual degrees at a fast-tracked stride. The location of the school in New York positions the students for job opportunities too.
The alumni network of the school is very strong and so, the majority of the graduates have risen to the top level of industries.
Tuition per year is $76 780 for full-time; $2 375 per credit for part-time; $204 000 total program for executive and $54 554 total program for specialty masters.
Immediately after graduation, 79.10% of their graduates are employed on a full-time basis.
6. Stanford University – Stanford Business School
Stanford Business School spurs the students to action by providing a challenging and conducive environment for learning. The aim is to produce a global community of leaders with the right skills and knowledge to embrace a challenging and changing world.
Tuition for a single student is $113 917 and $138 523 for a married student.
7. London Business School, UK
London Business School is ranked among the top business schools globally and they aim to impact its students with the right knowledge on how the world does its business. The school is rightly positioned to equip with affluence of knowledge, business experience and worldwide networking opportunities.
With over 30 countries where its faculties are located, Its research programs are topnotch and students are exposed to a world where practical experiences are garnered.
Programs at the London Business School include accounting, economics, finance, management science and operations, marketing, organizational behaviours, and strategy and entrepreneurship. There are six research centres located in the school.
The following are the options available to finance students: banks and financial institutions, distressed investing, fixed income securities, hedge funds and real estate finance. Programs can also be tailored to complete in 15, 18 or 21 months for flexibility
Tuition is $108 582 and $318 for the compulsory student association fee.
8. Säid Business School, Oxford University, United Kingdom
Säid Business School gives you the opportunity to study at one of Europeans youngest and most entrepreneurial business school. The school enhances students in the area of critical thinking and decision-making which makes them world leaders. With hands-on experience, students understudy how successful businesses appreciate the rules of the game as well as how they can create new games together through entrepreneurship, innovation and infrastructural programs.
The one-year MBA in finance at the school helps the students to break into investment banking, private equity and asset management industries through their finance and valuation modelling programs.
9. Rotman School of Management, University of Toronto
The school is located in downtown Toronto, Canada. It is a global centre for research and academic excellence. As a transformation architect, the school brings together diverse views and initiatives around a defining purpose, which is to create value for the business world.
Tuition for the full-time program is $77 744 for Canadian citizens and permanent residents; $86 853 for international students.
10. Chicago Booth School of Business
At Chicago Booth School of Business, the majority of the students took interest in Banking and Finance. The major focus is in areas such as corporate finance, investment management, private equity and impact investing. The programs at Booth last for 21 months and tuition is $108 683 for the whole period. An average of five years’ work experience is required for an admission.
Lectures are designed to help students think deeper and have a broader view of an issue that forces them to challenge the status quo, whilst gaining the necessary skills to successfully take on business challenges and opportunities.
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Career Outlook for an MBA in Finance
An MBA in finance meets or exceeds the educational requirements for the majority of high-level positions in top-ranking jobs. The median salary per year for an MBA graduate is $127 990, as reported by the Bureau for Labor Statistics (BLS).
Given the versatility of the degree, graduates qualify for an array of financial, business and management positions. Such positions include financial analysts, financial managers, and financial controllers. They could also work as accountants, auditors and budget analysts.
- Financial managers
Financial managers oversee the company’s finance by generating and supervising the execution of the company’s financial plans. They possess strong analytical and reporting skills that enable them to examine internal, market and competitor’s financial data. They must also possess excellent presentation skills in order to present their findings and recommendations to the CEO and Board of Directors.
- Chief Financial Officer (CFO)
The CFO carries out the function of supervision of financial departments and operations. They hire relevant personnel, create and implement strategies as well as monitor and improve operational efficacy. They possess strong skills and expertise in areas such as financial research, financial analysis, budgeting, accounting and auditing.
- Financial Controller
The financial controller supervises one or several financial departments, conducts important finance projection, analysis and planning duties. They employ both quantitative and interpersonal skillset in addressing the financial problems of the organization. Graining an MBA in Finance will give you an edge in the field
- Budget Analyst
Budget analysts create, monitor and report on budgets and other financial issues for the organization. They use quantitative and analytical skills to manage the necessary financial data. They also need excellent communication skills, public speaking and reporting skills in carrying out a perfect execution of their duties.
- Financial Analyst
They give advice to clients on investment decisions through cultured, critical and computable skills, by examining current investment plans in the market, analyse their risks and make the right recommendations to the clients. Thay also provide consultation services to organisations and give advice based on the analysis of the management team.
An MBA in finance will help you to navigate your career with relevant skills and equip you to take up challenges and enjoy practical experiences in your field. An international MBA will also give you an edge over competitors in the job market. This could be the opportunity you are waiting for to fly.
