In order to take the MBA financing exam, you must have at least an Associate’s degree from an accredited college or university with credit hours. There are no specific prerequisites to take the exam. In fact, many students who have never taken one before are surprised that it is even necessary to take the exam in the first place. Many financial experts recommend taking the exam as a refresher course in order to brush up on the terminology used in the field of business.
One important difference between the MBA Finance and Accounting degrees is the type of credit hours required. For finance, students must have four years of bachelor’s level study, but for accounting, students must have at least a two-year undergraduate program with credits earned in business administration courses such as statistics, managerial accounting, business mathematics, and finance. Students can earn additional credits based upon their own personal preference.
Both the MBA Finance degrees require students to complete an internship in order to finish the course. However, the internships tend to be a bit different for both degrees. The MBA Finance internship requires students to work in an independent research-oriented environment for at least three months, while the MBA Accounting internship typically requires students to work directly in an accounting office, but there are other differences as well.
For finance, most students must also complete a number of practice exams which are very similar to the actual exam, while students with the MBA Accounting degree do not need to take the practice exams. Students with the MBA Finance degree will only have to take the exam after completion of their internship, whereas students with the MBA Accounting degree must take their practice exams prior to receiving a full degree.
Another difference in the two degrees is the financial planning internship that is required for students with the MBA Finance degree. For finance, students must complete an internship in the finance department of an established company that focuses on research, management, investment banking, or corporate finance. While many companies will have no specific research department, some of these firms will provide internships.
In addition, most MBA students will be required to complete a practicum, where they spend a semester working directly in an office of one of their employers’ research division, usually in the financial department. For finance, students must also complete one to two semesters of work at a large boutique-type company that offers consulting services to corporations and other organizations.
With these differences, you will need to evaluate the differences between the MBA Financial and Accounting degrees to see which degree would suit your needs. However, both degrees have many advantages, and both will provide an excellent education and training program for those wanting to obtain their bachelor’s degree.
With the MBA Financial Management degree, students can pursue a variety of career opportunities, including executive and financial sector positions. Those looking to go into corporate finance will benefit from the fact that many of these organizations have their own financial departments and may even have an internship program that allows students to work directly with managers and executives.
On the other hand, those hoping to enter the private sector or the investment banking sector can benefit greatly from the MBA Financial Management degree. By earning this degree, students can learn all aspects of the investment banking sector, including accounting, investments, and business strategies. Those who choose this degree can earn lucrative salaries and lucrative benefits, as well.
Many employers prefer to hire students with the MBA Financial Management degree, since these students possess both analytical skills and the necessary business skills to succeed in the investment banking sector. The financial management internship and practicum are often offered by top corporations and investment banks and require students to work directly with managers or senior executives. This allows students the chance to meet their future employer and learn directly from the head mangers of their future employer.
Whether you want to go into corporate finance or the investment banking industry, the MBA Financial Management degree will help you achieve the success you are aiming for. Students who earn this degree will be able to succeed in both areas of the field.
