Thinking about earning a master’s degree in finance? You’ve likely come across two popular options: an MS in finance and an MBA with a finance concentration. While both can prepare you for a successful career, each offers a unique path to your goals. 

In this article, we’ll break down the differences between these two graduate degrees—including our 100% online programs at The University of Texas Permian Basin—and help you decide which is the best fit. 

MS in Finance vs. MBA in Finance: Key Differences to Know 

While both degrees focus on finance, the MS and MBA each offer unique advantages you’ll want to consider to ensure the best fit for your goals: 

Emphasis of Curriculum 

An MS in finance is laser-focused on finance. It’ll look at accounting, which is closely connected to finance, as well as management and other business disciplines through a financial lens. 

In general, an MBA will provide a broad foundation in all major areas of business, including accounting, finance, marketing, and management. An MBA in finance includes courses in those topics but places an emphasis on finance. 

Number of Credits and Time to Completion 

Like any master’s degree program, an MS in finance and an MBA in finance can vary in credit requirements and, correspondingly, time to completion. Here’s the breakdown for UT Permian Basin’s online graduate finance programs: 

  • Our MS in finance is a 30-credit program. Many students finish this program in as little as four semesters. 
  • Our MBA in finance ranges from 33 to 42 credits, which offers students greater flexibility but a potentially longer duration. Those who enter the program with a bachelor’s degree in business may be able to complete the program in as little as four semesters. Students with another type of bachelor’s degree must complete the full 42 credit hours.  

Special Distinctions or Features 

Some online finance graduate programs have unique qualities that help them stand out. For example, UT Permian Basin’s MS in finance is among a very small number of Texas university programs of its kind with STEM certification—a quality many employers may value in their candidates’ university credentials. 

Frequently Asked Questions About Graduate Finance Degrees 

Choosing the right graduate degree is a big decision. Still weighing your options? Here are answers to some of the most common questions we hear: 

  • Is an MS in finance or an MBA in finance better for someone with no business background? 
    An MBA may offer broader exposure to key business principles, making it a good option for those without a business undergraduate degree. However, our MS in finance welcomes applicants from a variety of academic backgrounds and offers a focused path for those ready to specialize. 
     
  • Which program is more respected by employers? 
    Both degrees are respected, but the “right” one depends on the role. For finance-specific roles (like financial analyst or investment banker), an MS may be ideal. For leadership roles in finance departments, the MBA may offer broader appeal. 
     
  • What’s the difference in ROI between an MS and an MBA? 
    ROI can vary based on your career goals, prior experience, and the industry you enter. In general, both degrees can lead to strong salaries and job stability in finance and related fields. 

Top Benefits of Our Online MBA and MS in Finance Programs 

Whether you choose an MS in finance or an MBA in finance, if it’s one of UT Permian Basin’s online programs, you can count on optimal quality and convenience, with: 

  • Self-paced learning 
  • 24/7 program access from virtually any location in the world 
  • Dedicated doctoral-level faculty noted for their publications and research 
  • Six start times per year 
  • AACSB accreditation 

Career and Earning Potential for a Master’s Degree in Finance 

Did you know that most of the best-known Fortune 500 CEOs have a finance background? If that’s not inspiration enough for you, consider that a finance degree prepares you for a variety of rewarding professional roles. What’s more, the U.S. Bureau of Labor Statistics (BLS) reports that master’s degree holders enjoy median earnings 16% higher than individuals with a bachelor’s degree alone and are more likely to be employed than anyone with a lesser degree. 

See potential career paths, courses, requirements, and other details regarding our programs now. 

Curious which program is right for you? Explore your options—and take the next step toward your future in finance. 

Sources: 
https://www.forbes.com/sites/kimberlywhitler/2019/10/12/new-study-on-ceos-is-marketing-finance-operations-or-engineering-the-best-path-to-the-c-suite/?sh=6c8c66725e07

Other articles you may be interested in: