MBA in Finance Vs. MBA in Marketing
The Masters of Business Administration (MBA) is a postgradate degree and one of the most popular advanced degrees in the world because of its broad application to business and administration. An MBA is generally pursued by those looking for a career in business management or administration, but offers some flexibility for specialization in areas like finance or marketing.
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MBA in Finance Basics
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An MBA with a specialization in finance is typically obtained by people looking for a career as an executive in finance. Students take core classes in business toward their MBA and select specialized financial courses in areas like financial analysis, financial management and financial systems. Most MBA in Finance programs, including the one at Fairleigh Dickson, allow students to select specialized courses appropriate to their career pursuits in finance.
MBA in Finance Careers
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The Guide to Online Schools website indicates that MBA in Finance degree holders typically earn salaries ranging from $55,000 to $124,000 as of 2010. Salaries are affected by region, industry, employer and career. Common careers for MBA in Finance degree holders include controller, cash manager, treasurer, stockbroker, commodities trader, financial planner, cash manager, pension fund manager, insurance adjuster and other positions in investment and banking as well as executive positions (e.g., budget manager, chief financial officer) in financial departments of companies.
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MBA in Marketing Basics
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An MBA in Marketing is a specialized postgraduate program for people looking for a career that combines business management and marketing. A marketing MBA includes initial core business courses followed by specialized offerings in such areas as "development of consumer audiences, consumer behavior, market research, the analysis of demand, strategic planning, marketing campaigns, consumer relations, advertising, studying the market, cost volume and profits, and a range of other areas involved in marketing," according to the MBA Schools guide.
MBA in Marketing Jobs
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As the competitive landscape heats up in the early 21st century, companies are relying more and more on new and aggressive marketing to compete. For this reason, the MBA Schools guide notes that many organizations have created the position of Chief Marketing Officer. This position is considered part of the executive board of the company. MBA in Marketing degrees typically lead to management careers in marketing, such as marketing manager, director of marketing, or vice president of marketing. PayScale indicates entry-level marketing managers earn from $40,000 to $50,000, while executive-level managers and vice presidents can earn nearly $200,000, as of 2010.
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