[Articles](/articles.html)>[Business](/articles.html#business-articles)> Comparing a master’s in finance vs. MBA degree

# Comparing a master’s in finance vs. MBA degree

August 12, 2024 • 6 Minutes
Written by[Michael Feder](/blog/authors/michael-feder.html)

Reviewed by [Kathryn Uhles](/about/academic-leadership/dean-kathryn-uhles.html), MIS, MSP, Dean, College of Business and IT

Those considering a career in business, finance or management may likely be considering a master’s in finance vs. MBA (Master of Business Administration) degree. Both degrees can further knowledge of financial management, accounting and basic business practices. Let’s discuss some of the two degrees’ similarities and differences.

## What to consider when choosing a master's in finance vs. MBA degree 

Although a master’s in finance vs. an MBA have similarities, they differ in several ways. It’s essential to understand the key differences in order to pursue the best degree for future career plans.

Be aware that there are many [reasons to consider any graduate degree](https://www.phoenix.edu/blog/why-get-a-graduate-degree.html), especially to build a skill set. In fact, even for established leaders in a field or company, a graduate degree may help with pursue future job opportunities. For career aspirations that involve finance, it makes sense to consider a master’s in finance vs MBA.

Depending on career goals, there’s likely one master’s degree that’s best for prospective students. An online MBA program may be your preferred option if the primary concern is with flexibility, both in terms of the program itself and of potential career paths. While a master’s in finance suits positions like financial analysis and auditing, you can apply an MBA to a much broader career field — including finance, business, medical management, research and entrepreneurship.

## What’s a master’s in finance? 

A master’s degree in finance is one option for students looking to further their education in financial management. Those looking to pursue fiscal studies, budget creation, financial theory or other related fields will find that a master’s in finance can help grow skills as a professional.

Pursuing this degree can expand a skill set in corporate finance, financial reporting, econometrics and asset pricing. Several finance-specific fields may require a master’s in finance. For example, a student or current business professional might need a master’s in finance to begin a risk management career. Similarly, a master’s program can potentially prepare a person for a career in stock brokerage, investment, budget analysis or accounting.

Obtaining a master’s in finance can help prepare graduates for various international career options as well, including global finance and international capital management. These career choices require an in-depth knowledge of global financial compliance, which can be learned when you obtain a master’s in finance.

### What is taught in a master’s in finance program?

When comparing a master’s in finance vs. MBA degree, a master’s degree in finance can provide an in-depth understanding of various financial concepts, tools and techniques. Students in these programs may explore the principles of financial theory and analyze market behavior. They should also receive an in-depth understanding of capital structure and budgets among corporate entities.

Ultimately, a master’s degree in finance can equip graduates with comprehensive knowledge and practical skills essential to pursue a finance career.

_University of Phoenix does not currently offer a master’s in finance, but it does offer an online Master of Business Administration that covers corporate finance courses that teach skills such as business valuation, knowledge about the financial market and capital structures. _

## What is an MBA? 

Many students pursue an MBA — a[Master of Business Administration](https://www.phoenix.edu/articles/business/what-is-an-mba-program.html) — as an important step toward learning the skills they will need to pursue a role in business. This type of graduate degree helps students further their knowledge of business administration, including many of the skills necessary to pursue management and leadership roles.

MBA coursework teaches advanced business concepts, including several financial concepts also taught in a master’s degree in finance program. An MBA helps students adopt several useful business skills, including business management, organizational structure, marketing and more.

An MBA can teach useful skills that can be used in a variety of occupations. For example, an MBA can help teach you skills to pursue roles as a general manager, an operations director or an administrative manager in a wide range of fields.

### What is taught in an MBA program?

An MBA can be completed in as little as 16 months, but it will largely depend on the specific program. Some[competency-based programs](https://www.phoenix.edu/blog/what-is-competency-based-education-and-how-does-it-work.html)can be completed sooner, for example, than traditional programs, but depend on a candidate having extensive business experience.

During MBA studies, students further their practical business knowledge and prepare for managerial roles. Many MBA curricula include coursework in leadership, business operations, decision-making and data analysis.

Before beginning an MBA, make sure the chosen school is accredited. Many schools offering MBA programs look for candidates with a strong mix of academic and nonacademic qualifications. Also consider that some schools do not require entrance exams or essays for admission.

### Careers with an MBA 

[What can you do with an MBA](https://www.phoenix.edu/articles/business/careers-for-mba-graduates.html)? In addition to preparing for opportunities in leadership positions, an MBA can align specifically with the following careers:

- **Business manager:**Business managers oversee budgets, marketing, business strategies and personnel management. Their primary goal is to plan and develop strategies to help organizations become efficient.
- **General manager (GM) and operations director:**General and operations managers often overlap in their responsibilities. They create policies and manage operations for multiple departments within an organization.
- **Administrative director:**An administrative director’s responsibilities include overseeing and coordinating a company’s daily operations. That means developing administrative practices, records management and training methods. An administrative director could act as the chief executive or operations officer for some smaller companies.

While these roles typically require a bachelor’s degree, some employers may prefer candidates with an MBA. 

## MBA vs. master’s in finance: What are the differences? 

Both a master’s degree in finance and an MBA can help enhance a skill set in business. However, these degrees are different in several ways. 

A student's preferred industry is likely the most important factor in determining the best degree for them. For example, an MBA is likely the more appropriate choice for those who want to create and run a business. By contrast, a master’s degree in finance might be a better option to pursue a specialized financial position, like that of an accountant or a financial advisor.

Professionals who have minimal business experience may also prefer a master’s in finance over an MBA, especially if they aren’t seeking to manage business operations or if they want to specialize in other areas, such as human resources or marketing.

| Aspect | MBA | Master’s in finance |
|---|---|---|
| Curriculum Curriculum | Curriculum Covers various business disciplines (marketing, operations, leadership) | Curriculum Deep dive into financial topics (investment, risk management, corporate finance) |
| Duration Duration | Duration 11 months to two years, depending on the program | Duration One to 1.5 years |
| Career paths Career paths | Career paths Management roles, executive leadership | Career paths Financial analyst, investment banker, asset manager |
| Work experience Work experience | Work experience Often requires work experience | Work experience May not require work experience |
| Networking opportunities Networking opportunities | Networking opportunities Extensive alumni networks across industries | Networking opportunities Strong finance-specific networking |
| Flexibility Flexibility | Flexibility Part-time, full-time, executive options | Flexibility Mostly full-time programs |
|  |

## Learn more about master’s in finance vs. MBA degrees

If you’re considering a master’s in finance vs. MBA, be aware that there are many reasons to consider any graduate degree, especially if you want to build your skill set. University of Phoenix offers many [online business programs](https://www.phoenix.edu/online-business-degrees.html), including two MBA choices:

- [Master of Business Administration](https://www.phoenix.edu/online-business-degrees/master-business-administration-degree.html)
- [Master of Business Administration (Competency Based-CB)](https://www.phoenix.edu/online-business-degrees/mba-competency-based-degree.html)

Contact University of Phoenix[for more information](https://www.phoenix.edu/request/request-information).

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### ABOUT THE AUTHOR

A graduate of Johns Hopkins University and its Writing Seminars program and winner of the Stephen A. Dixon Literary Prize, Michael Feder brings an eye for detail and a passion for research to every article he writes. His academic and professional background includes experience in marketing, content development, script writing and SEO. Today, he works as a multimedia specialist at University of Phoenix where he covers a variety of topics ranging from healthcare to IT.

### ABOUT THE REVIEWER

Currently Dean of the College of Business and Information Technology, Kathryn Uhles has served University of Phoenix in a variety of roles since 2006. Prior to joining University of Phoenix, Kathryn taught fifth grade to underprivileged youth in Phoenix.

This article has been vetted by University of Phoenix's editorial advisory committee.   
[Read more about our editorial process.](/blog/editorial-process.html)

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