MBA in Finance/Management

Graduate School Business School - MBA
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<p>ok I'm very confused with degrees and majors, if anybody has the time can you please explain it to me? </p>

<p>To start off, I want to end up with a MBA degree specializing in Finance andmpossibpy Management, I always thought this degree existed until my guidance counsler looked at me like I'm stupid and said, "Do you mean a MFin?" Ever since then I am now lost. What is a Mfin? I wanted a MBA but I want to go into The Finance sector of Business, is this not possible? Are they two different things? </p>

<p>Another thing I'm confused about, I want a double major in college but again I always thought if you wanted a MBA you have to have a BBA and I thought there were specializations in a BBA, for example, A BBA in finance was what I thought. But my guidance counsler said there's no such thing and I need to do a BS in Finance then go for a Bfi. I told my dad and he said he always thought there was a MBA in Finance, He told me to ask around so here I am. Basically I like finance and investments and want a double major to learn more, I also want to lead in the field of finance, like be VP of Finance in ING or something like that. So what should I pursue, and If I do get a BS in Finance, will I qualify for a GMAT? Please help, Im so confused..</p>

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<p>Btw I am a senior in HS and will probably end up going to Baruch for undergrad and if I don't get in, then community college then transfer into Baruch. For Grad I want to go big, hopefully NYU or Colombia</p>

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<p>I'm not sure what your guidance counselor is talking about. An undergraduate degree in finance is generally a BBA. That is the case at Baruch. You can find information like this by simply checking out the school's website:</p>

<p>Economics</a> and Finance - Undergraduate Bulletin - Academic Programs - Baruch College</p>

<p>There are Masters of Science in Finance (M.S.F) and there are MBAs. They are two different things. For most MSF programs, students are allowed into the program right after undergrad (but I don't know about NYU or Columbia...refer to their websites for program information). Top MBA programs require post-graduate work experience.</p>

<p>It sounds like a BBA in Finance followed by post graduate work in Finance and an MBA will probably be the route you will want to take. However, you may choose to go BBA, then MSF, and then a few years down the line perhaps purse an MBA. It's really too early to say what your exact path will be.</p>

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<p>Thank you very much I really appreciate it. So It seems I am good to go for undergrad, BBA in Finance sounds great, Its what I was hoping for but as for the Masters degree, It seems like too much to pursue 2 degrees, I prefer a MBA because of it's value but I always thought a MBA can specialize in Finance, can You possible explain to me how I would go about this dilemma? I want a MBA and don't want to pursue 2 masters degrees, I do want to go into Finance though</p>

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<p>i got a BS in business admin, concentration finance, for my undergrad - and i'm applying to b-school for my mba. from what i've read and from my experience, if you do well in college, do well on the gmat, and (perhaps most importantly) get some good solid work experience after college, you'll be fine for b-school.</p>

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<p>haha thanks but I sorts knew that part, I'm confused about degrees and MBA's. I just wiki'd it and it says you can specialize in certain areas the second year. So can't I do finance then?</p>

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<p>Here is Princeton's explanation of the differences between their MSF and a typical MBA:</p>

<p>Source: FAQs</a> - Bendheim Center for Finance - Princeton University</p>

<p>"How does Princeton's MFin compare to an MBA?</p>

<p>Unlike an MBA program, we teach only finance and the related prerequisite disciplines (such as statistics, accounting, etc.). This allows us to do so at a much deeper level than in an MBA, and to incorporate all the interdisciplinary aspects of modern finance, such as financial mathematics, financial econometrics, computational finance, behavioral finance, corporate finance, etc. </p>

<p>You should be aware that our courses are more demanding, and more quantitative, than a typical MBA course. In general, MFin graduates will not be as attractive as MBAs in the corporate finance and M&A areas where the non-finance parts of an MBA curriculum are useful. In fact, if that is where you really want to work, you would probably be better off following an MBA course of study. </p>

<p>However, if you are interested in other areas encompassed within the modern investment bank such as quantitative asset management, risk management, derivatives pricing and trading, fixed income analytics and other areas where a quantitative background in the theoretical and practical aspects of modern finance is essential, we think our program is being recognized for both the quality of the students and the quality of the learning experience here at Princeton.</p>

<p>We also note that the world of finance is much broader than the traditional investment banking firms, with opportunities in insurance, commercial banking, commodities and energy trading and risk management in traditional industrial companies to name only a few. Our graduates are able to compete very effectively for these types of careers.</p>

<p>A recent article (.pdf) posted on this site describes some of the relevant differences between our program and an MBA program."</p>

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<p>^ Based on what you had posted, I felt an MBA is more appropriate because you want to be a business leader. My personal perception of an MSF is similiar to that of an engineering degree....i.e. it is great if you want to get into the details and you will gain a lot of great knowledge in the program. However, it can't replace an MBA in terms of moving into higher level executive positions.</p>

<p>I would recommend doing both if you didn't feel you would get a quality job out of undergrad. That being said, it is still way too early for you to know your path for certain.</p>

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<p>Thank you guys so much, I really appreciate the help and now most of this confusion has been resolved although I have a few quesion left.</p>

<p>So I am definetly interested in pursuing a MBA. Now undergrad is a question, if I want a double major, how will it go about. My main goal is to be a Head position (CFO,VP of Finance,etc.) in finance in a large firm such as ING, Nationwide, Morgan Stanley, etc. So what undergrad double major/degrees should I pursue. I believe a BBA in Finance is a must if I get into Baruch. But what else? Economics or Management or Acounting? I'm kind of confused on that part, but the rest makes sense.</p>

<p>Oh and one more thing, St. johns university offers no BBA's and only BS and I got into the BS of Finance program there but is it the same as a BBA? And can I still take the GMAT if I do that? It's kind of confusing, but hopefully I will get into Baruch and not even have to worry about this situation. </p>

<p>Thank you very much</p>

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<p>"If I do get a BS in Finance, will I qualify for a GMAT? Please help, Im so confused.."</p>

<p>that's the part i was answering - and i'm specializing in finance for my MBA, too.</p>

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<p>^Well did you not get a BSBA specialized in Finance, I mean If I got a simple BS in Finance, would I still qualify</p>

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<p>BS vs BBA doesn't matter. Aside from that, you can major in anything you want to get an MBA. Your should choose your undergrad major based on the type of jobs you want to do right after college. I don't know that getting a double major is all that important, but if you do, you would probably want to double in Finance/Economics or Finance/Accounting (although others may double in Finance/Math or Finance/CS if they want to be very heavy quant). You may receive better answers to the question of majors by visiting the undergraduate business msg board on this site.</p>