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Anyone who has been involved in the financial services or financial operations industry has experienced a continuous emergence of new technology trends. Mobile banking has become de rigueur in some circles. Invoicing and payment automation is restructuring accounts payable and accounts receivable departments around the globe. Then, there are the challenges of offsite data storage, online transaction models, digital lockbox services and countless other innovations.
It’s easy to see how earning your Online MBA from New Jersey Institute of Technology can give you an edge. Choosing our Finance specialization as your course of study can help prepare you for a leadership in the high-tech business world of today … and tomorrow. An online MBA from NJIT also offers you the advantages of:
- Attending a respected, top-tier technology school
- Studying online, on your schedule, from wherever you may be
- Exploring the strategic ways that technology, management and finance converge and integrate
- Learning from experienced faculty with strong academic, business and technical credentials
Why Choose NJIT’s Online MBA + Finance Specialization
Our curriculum at New Jersey Institute of Technology is designed to give you a more targeted learning experience than a traditional business school. The Finance specialization will allow you to better understand how each new shift in technology creates new opportunities for innovative thinking and forward-looking leadership.
Cloud-based technologies, in particular, are having a major impact on the way that companies store sensitive financial data, facilitate virtual transactions, and collaborate across geographic boundaries and time zones. The other overarching trend that is reshaping the financial world is the automation of previously manual tasks like invoicing, payment processing, travel and expense reporting, and tax processing. Electronic documentation and data capture technologies have also changed the industry forever.
This overwhelming onslaught of technology demands that financial professionals stay current to stay ahead of the curve in this competitive and high-paying. The Bureau of Labor Statistics projects a 17% expansion rate for all business and financial operations occupations through 2020. Some of the fast-growing opportunities include:
- Cost Estimator 36% growth rate $57,860 median salary (2010)
- Financial Advisor 32% growth rate $64,750 median salary (2010)
- Financial Examiners 27% growth rate $74,940 median salary (2010)
- Financial Analyst 23% growth rate $74,350 median salary (2010)
Each one of these career positions is using technology in different ways than just a few years ago. Whether it’s financial modeling and forecasting software, or personal financial planning tools, new advancements continue to emerge. Staying up-to-date on technology has become as important as staying current with regulations and compliance laws.
Focus On: Banking Technology
Global studies show that approximately 80% of banking institutions view technology innovation as business imperative and strategic competitive advantage. Mobile and online banking applications will be in place for 90% of banking entities by 2015. Meanwhile, investment in interactive customer engagement tools (e.g. web chat) continues to grow in response to an increasingly tech-savvy customer base.
Who Should Choose NJIT’s Online MBA + Finance Specialization
While we have a technology-driven mindset at NJIT, you don’t need to be in a technical role to benefit from our Online MBA program. Our Finance specialization is ideal for individuals currently working in roles such as financial managers, financial analysts, cost estimators, credit analysts, budget analysts, financial examiners, personal financial advisors, and securities, commodities, and financial service sales agents. It’s also an outstanding opportunity for new graduates to add clout to a finance, accounting, or business degree.
Professionals with an understanding of e-commerce, automation, data capture, cloud-based computing and other relevant technologies will have a competitive advantage over their peers. However, it’s the blend of technical and practical knowledge that is the hardest to find. Success in Finance demands a sound understanding of the fundamentals, along with the analytical, quantitative and strategic expertise that come with earning your Online MBA from New Jersey Institute of Technology.
Specializing in Finance within the Online MBA program at New Jersey Institute of Technology will provide you with actionable skills that you can put to work almost immediately. If you are in a career (or interested in a career) with accountability for any of the following activities, you can gain knowledge here:
- Accounting Regulations
- Capital Management
- Corporate Finance
- Financial Management
- General Accounting
- Income Measurement
- Inventory Management
- Investment Banking
- Merchant Banking
- Risk Management
Earning your Online MBA from New Jersey Institute of Technology can open new opportunities to you. It’s also a valuable tool if you dream of opening your own financial planning or consultancy firm. Clients want to do business with well-credentialed professionals who have the experience and education to positively impact their organization’s success.
Gaining leadership skills and an executive-caliber mindset are inherent benefits of pursuing an MBA. That’s because you will absorb knowledge of operations, corporate strategy, decision making, human resources, organizational development and other core competencies, along with the expertise of a Finance specialization.
Here at New Jersey Institute of Technology, you will have the additional advantage of a curriculum that is rooted in a strong technological knowledge base. This alone is critical to being able to effectively navigate today’s business world.
Earning an advanced degree requires a dedicated commitment on your part. An Online MBA program like ours makes the challenge easier by giving you the flexibility to learn on your own schedule, from your home, office or wherever you may be travelling on business. Still, you must be willing to take on tough assignments, create presentations and reports, and network online with faculty and your fellow students. The goal is to ensure that you are ready for real-world scenarios that involve profit and loss implications.
If you think you have what it takes, now is the time to explore the opportunities presented by New Jersey Institute of Technology. We encourage you to learn more about our Online MBA with Finance