MBA in Financial Services
Located in downtown New York, MCNY is ideally situated among the nation's leading businesses and financial institutions. There is no better place to learn about business and finance than here. With an MBA in Financial Services from MCNY, you will come away with the managerial skills and industry expertise you need to get ahead in this competitive industry. The MBA in Financial Services is one of three exciting MBA degree options available at MCNY. All of our programs have a study abroad component and place a heavy emphasis on field-based learning, where your skills are put to the test in real business situations.
At the centerpiece of MCNY MBA programs is the College's Purpose-Centered Education model, where students work methodically every semester to further increase their understanding of the world of business, while contributing to the development of their Constructive Actions.
The Constructive Action focuses on strategic analysis, planning and implementation to define innovative business models, products, customers, market segments and geographical markets for the future. Rather than alternating an academic and internship or work-related semester as practiced in some work-study programs, the MCNY MBA curriculum requires simultaneous interaction between knowledge and action, study and practice, as each student is expected to develop and complete a real world Constructive Action during each Purpose.
To achieve these goals, students in the MBA programs are required to complete three Purposes of integrated full-time study and practice in Industry and Venture Assessment (Purpose 1), Business Planning, Development and Marketing (Purpose 2) and Venture Implementation, Actualization and Evaluation (Purpose 3) as applied to their selected area of specialization in Financial Services.
The MBA program in Financial Services comprises three purposes (1 - 3) and revolves around five dimensions: Purpose, Value and Ethics, Self and Other, Systems and Skills. These dimensions form core of courses offered for each specific purpose.
The course contents are geared toward achievement of the overall program goals. The three Purposes and the Courses offered in each are given below:
Purpose 1: Industry and Venture Assessment
- Purpose: CA 1 – Strategic Industry Analysis
- Skills: Managerial Accounting
- Self & others: Human Focused Technology for Finance
- Values & ethics: Financial Services Regulations & Financial Ethics
- Systems: Financial Markets & Institutions
Purpose 2: Business planning, development and marketing
- Purpose: CA 2 – Strategic Planning
- Skills: Managerial Economics
- Self & others: Marketing Modern Financial Services
- Values & ethics: Risk Management & Compliance
- Systems: Corporate Finance, Valuation & Policy
Purpose 3: implementation, actualization and evaluation
- Purpose: CA 3 – Strategic Management & Evaluation
- Skills: Managerial Finance
- Self & others: Contemporary Issues in Financial Services
- Values & ethics: Behavioral Finance / International Practicum
- Systems: Investment Analysis & Portfolio management
The Purpose Dimension (semester courses) is where students actualize their Constructive Actions. The Purpose Dimension seminars are therefore, the critical forums where, via discussions, planning, research, and shared exploration of problems and solutions, student learning is assessed, clarified and put into contextual focus. In these seminars, each student contributes actively, bringing ideas, research findings, specific problems, and plans concerning his or her specific Constructive Action with a particular business venture in his/her particular industry, to share with other students of the seminar.
Additionally, a goal of each seminar is to foster and apply skills critical to developing professional and mutually beneficial relationships among students. As mutual contributors, students will bring their insights from fieldwork, assigned readings, and lectures in the other Dimension classes into a focus that integrates theory with their individual Constructive Actions. As such, students must identify an appropriate field placement during each Purpose to execute their Constructive Action. The field experience may vary from one Purpose to the next if necessary and can be achieve via any of the following: existing employment, internship and/or mentoring.
After attainting an MBA in Financial Services from MCNY, graduates of the program will lead the process of change for self, others and for a sustainable global community. The program has specific reasons that graduates will work towards acquiring their degrees at MCNY and these include the following:
- Apply key strategies to reshape the future of financial markets in the 21st century through the Constructive Action.
- Apply management principles with the practical perspective of global finance.
- Navigate the challenge in wealth generation for individuals, business, and society.
Career opportunities for MBA graduates are projected to increase in 2014. MBA graduates are employed in mid to high level management positions in marketing, finance, information technology, human resource, strategic planning, and consulting in both domestic and global opportunities. Additionally, many MBAs also pursue entrepreneurial ventures and chart their own professional course by developing and investing in their own ideas and ventures. For those looking to corporate opportunities, the demand for newly minted MBAs is expected to increase. The Graduate Management Admission Council's (GMAC) employer survey indicated that 76 percent of employers will hire MBA graduates in 2013, up from 69 percent in 2012.
According to a survey from The 2013/14 QS TopMBA.com Jobs & Salary Report, there will be a 16 percent increase in MBA opportunities in 2014 based on responses from employers.
Additionally, GMAC's Corporate Recruiters Survey, "employers in the US expect to pay MBA graduates substantially more in 2012 than new hires with only a bachelor's degree. This translates into annual earnings for new MBAs that are US$40,000 higher, on average, than the salaries bachelor's degree holders can expect."
U.S. News & World Report LP also reported that "M.B.A. Hiring Continues to Grow; Employment among M.B.A. grads is highest since before the recession."