If what are you currently earning is not a minimum of $71,000 a year you may want to look into getting an MBA. If you are good with numbers and want a job with a nice title and benefits like a company car and medical and dental benefits, you may want to look into getting an MBA in Finance. If you cannot afford to take time off from work to earn an MBA in Finance online.
Online Degrees for an MBA in Finance
- MBA in General Finance
- MBA in Business Finance
- MBA in Financial Planning
- MBA in International Finance
- MBA in Banking Related Services
- MBA in Public Financial Management
- MBA in Financial Service Management Studies
Careers and Salaries with an MBA in Finance
The median annual salary for someone with in MBA in Finance is $81,000 regardless of job title, not including perks and bonuses. Some of the more popular careers with this degree are director of finance (earning between $78 K and $178 K) and corporate controller (earning $61 - $147 K). Salaries vary based on experience, location and the type of workplace (hospital, bank, public or private firm, corporation, etc).
Experts say that there is no difference in salary between someone earning an online degree or a traditional degree. Persuasion skills may make more of a difference during your job interviews than emphasizing where you went to school or explaining why you decided to get an online degree.
Pros of Earning an Online Technology Management Degree
- No need to take 2-4 years off your job for school
- Work for class can be scheduled around personal and professional commitments
- No commuting
- Anonymity so you can interact more freely
- No geographic constraints
- Regionally accredited and this degree is commonly available
- You are taught by experts from anywhere in the world
- You can record lectures and discuss topics in an online forum
- Education professionals and leaders say that online learning is on a par with traditional education
- Great for parents with young children
- Great for time strapped people who may have relatives, who are aging or disabled who need their attention and care
Cons of Earning an Online Technology Management Degree
- Online degree programs are expensive and there tend to be few scholarships readily available. Since you must fund your education by yourself (unless your present job gives tuition assistance for online degrees), you have to look at options like federal financial aid programs, grants and loans.
- Limited or nonexistent career placement assistance
- Online programs are scrutinized more than traditional education programs
- Not a great option for those who perform better academically in an interactive environment. Students need more discipline to succeed in online courses.
- No in-person contact with peers when you have a problem which requires face-to-face contact to facilitate understanding.
- Some higher paying companies still prefer workers with a traditional education.
Leading Schools with an Online MBA in Finance Degree Program
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