The Masters in Financial Management (MFM) program is an executive training program at colleges or other post-secondary institutions preparing students for careers in financial management. The Master’s degree is generally named Master of Business Administration or MBA, or Master of Science in Financial Management. In North America and in some countries in Europe, the program can be considered as an advanced professional degree, particularly those that focus on accounting, investment banking and business administration. However, some of these degrees will not qualify students for federal financial aid in order to pursue their careers in financial management.
A Master of Finance in Financial Management is one of four Masters of Business Administration programs. The other programs include the Master’s in Business Administration (MBA), the Master’s in Accounting, the Master’s in Business Administration, and the Master’s in Business Administration.
The MBA is designed for students who have an earned bachelor’s degree in business administration, are already working in their respective fields, and wish to continue their education beyond the bachelor’s degree. The Master’s of Business Administration is usually designed with students taking courses in general business, finance, and accounting. It also requires students to choose one of four specific areas: business law, international business, marketing management, and entrepreneurship.
Students who are looking to improve their employability after graduation with their Masters in Business Administration (MBA) can pursue a Master’s in Business Administration, Financial Planning or Business Analytics. Students who are already working with the finance department in an organization or are looking to begin their own company can pursue a Master’s in Business Administration (MBA) program focusing on financial management or finance. Students in the finance field can also complete a Bachelor’s in Business Administration and then continue on to the Master’s of Business Administration degree program.
The Master’s Degree in Business Administration focuses on financial and business administration. This coursework generally includes the accounting component and a course about management. The students will then take courses in accounting, business law and corporate governance and finally complete a project in which they will apply their knowledge to a real-world situation.
The coursework for the Masters in Business Administration focuses on business decision-making and the application of management principles. The students will need to pass a written exam in business planning, financial accounting, and business ethics. As part of their business plans, they must create a strategic business plan that describes the future direction of the company. Business analysis is also covered in this Masters of Business Administration coursework.
The MBA program is divided into four tracks: the Bachelor of Business Administration track, the Bachelor of Business Administration in Financial Planning and Analysis track, the Bachelor of Business Administration in Management track, the Master of Business Administration in Real Estate and Urban Design, and the Master of Business Administration in Strategic Management. The Master’s of Business Administration in Urban Design and Management focuses on strategic business management. Those who complete this program will learn how to conduct business research, strategic management, planning and decision-making. Those with an MBA in Business Administration Strategic Management track will become leaders and managers who develop strategies to increase the company’s value, maximize profitability, and enhance the company’s productivity and reputation. They will also learn about marketing and advertising.
The Master’s Degree in Real Estate and Urban Design, which is the same as the Master’s Degree in Business Administration is designed for those already working in the finance industry. Those who have obtained an MBA in Real Estate and Urban Design track will have the opportunity to pursue a Master’s in Business Administration in Real Estate Management and Planning.