Choosing a finance specialization in your MBA program is a decision that could pay dividends for years to come. Thousands of lucrative and intellectually rewarding positions await people with targeted academic training in financial services, banking, insurance and related industries.
To capitalize on these opportunities, you need an accelerated program that will enable you to earn your degree quickly. To achieve your degree without taking a hiatus from your profession, consider the online option. The accelerated online Master of Business Administration with a Finance Concentration from Eastern Washington University can be completed in 11 months, at a tuition cost of $14,880.
Consider just a few of the advantages of choosing this route to earning your finance MBA:
Tuition and opportunity cost savings. The online format is often more affordable than earning your degree on campus because of the reduced overhead. Tuition does not have to factor in the cost of operating buildings, utilities and on-campus social and athletic programs. By comparison, a full-time, on-campus program can cost as much $222,000 for tuition, fees, room and board, and other expenses, according to Poets & Quants (which figures in the most expensive schools) or as much as $140,000, according to Investopedia (average schools).
And the opportunity cost savings of working while you earn your degree are potentially more significant than the total cost savings. Consider the benefits of continuing to accrue a salary and bonuses, keeping your employer-sponsored benefits and progressing toward promotions and raises with your current employer, rather than putting your career on pause. The tuition and opportunity savings could surpass the triple digits.
Flexibility and convenience. Not only can you continue to work while you pursue your finance MBA online, but you can also study when it is convenient. Study early in the morning, late at night or even on lunch break. The online format and EWU’s flexible program enable you to balance educational, professional and personal obligations. EWU offers seven start dates each year, so you can choose the date that works best for you.
Self-paced learning. On campus, professors often have to speed up or slow down to accommodate in-person students. The online format, with its combination of live and pre-recorded lectures, multimedia presentations and online reading, offers the ability to self-pace. When the material is familiar, speed up; when it is challenging, pump the brakes.
Diverse learning resources. Individuals have unique learning styles. The online format optimizes the experience for each student through an array of learning platforms and formats. The diversity of materials makes the program dynamic and enjoyable.
Accessibility. The on-campus option is feasible only for a minority of students who either live near or can relocate to a campus with a program that meets their career goals. Online degree programs have opened a world of possibilities to working professionals, wherever they are located.
MBA graduates now earn nearly $1 million in cumulative base salary in the 10 years after graduation, and that’s before bonuses, commissions and other forms of compensation, according to the GMAC Alumni Perspectives Survey of 2018. The cost of delaying MBA attainment is simply too high, especially in the high-demand field of finance. The solution may be an online, accelerated MBA in finance.