Finance MBA and Micro/Macro Economics

Finance MBA Micro Macro Economics

If you are interested in economics, have an aptitude for math, and are looking to further your education or your career, you might consider a Masters in Business Administration (MBA) in the field of finance. A finance professional is hired by corporations, governments, and private individuals in order to manage their money by analyzing investments and the potential risks associated. A finance MBA covers a range of useful skills that strive to provide you the knowledge needed to be successful in this area of business administration.

There is a rising demand for experienced financial advisors and professionals as business are facing a tougher and more competitive economy. Almost every industry utilizes a financial manager, with the majority being in the field of banking and insurance. Careers utilizing a Masters in Business Administration in finance include accountants, auditors, bank branch managers, financial analysts, and real estate brokers.

A finance MBA usually takes two years of study, but many institutions offer part-time, after hours, and even online courses for the student already working full-time. This student might be looking to advance in their career or change careers all together. The MBA in finance curriculum is designed to teach students the intricacies of the stock market and the skills of allocating funds and building financial futures for businesses.

Generally, a student spends their first year covering general areas in business administration before switching to a more focused area of study in finance. Although there are no guarantees, a finance MBA can give individuals a leg-up in the business world, and a specialization may increase their chances even further. One such specialization is in micro/macro economics.

Microeconomics, as the name suggests, looks at the smaller picture, focusing on basic theories of supply and demand to determine what a business should charge and how much it should make of a given product. This area of study can be useful not only for someone who plans to own their own business, but also for someone who wishes to act as a consultant for multiple businesses. As you might have guessed, macroeconomics looks at the bigger picture, focusing on the behavior of the aggregate economy, examining nationwide changes in unemployment, growth rates, gross domestic product, and inflation.

A person earning a finance MBA specializing in micro and macroeconomics will likely be taught not only how the factors of each influence the other, but also how to analyze GDP figures and explain how the unemployment rate will affect it. A person needs an understanding of both micro and macroeconomics in order to gain an overall perspective on how the economy works in general. Understanding the economy and armed with a Masters in Business Administration in finance, an individual could potentially rise in the ranks of their corporation, becoming more responsible for making recommendations in regards to money. Why wait? Look into a finance MBA in micro/macroeconomics today!