MBA in Banking and Financial Institutions

As technology, regulation and the economy continue to rapidly change, so does the banking industry. If you would like to become a leader in this increasingly competitive field, consider an MBA with a concentration of banking and financial institutions. Students in this concentration will be equipped to excel in commercial lending, credit analysis, investments and branch management.

Learning Objectives:

This program provides a broad business foundation as well as the critical management skills needed to succeed in today’s global financial markets. Students will take courses in Corporate Finance, Investments, Entrepreneurial Finance and Private Equity. You will learn how to read and understand annual reports, cash flows, balance sheets and income statements. And, your education will be grounded in an ethical context that is ever more critical in today’s business world.

Career Possibilities:

  • Commercial Banker
  • Mortgage Banker
  • Risk Management Analyst
  • Bank Manager
  • Financial Adviser

Career Outlook:

Strong competition exists in this field. According to the US Department of Labor Bureau of Labor & Statistics, the 2012 median pay for the following roles was:

  • Financial managers: $109,740.
  • Financial adviser: $67,520.

Upcoming events: MBA Webinar: Tues., May 20, 2014 at 12pm

Download a PDF with the program overview.

Our unique cohort system groups students together throughout their educational experience. You will complete the program one class at a time, in a predetermined sequence.

Core Courses

These classes are available in the classroom or online.

MGT-6200 Global Managerial and Organizational Behavior

Examine interpersonal behavior related to organizational performance. Behavioral science motivation, social perception, group decision making, ethical leadership and multicultural behavior.

ACC-6200 Financial Accounting and Analysis

Introduction of key financial accounting concepts. Analysis of a firm’s historical, current and prospective financial condition and performance. Emphasis on investment and credit decision.

MKT-6100 Marketing Design and Strategy

Developing and evaluating brand strategies over the life of the product. Strategies for introducing brands and reviving brands. Includes basic marketing principles of product, price, promotion, environment and customer.

ECO-6100 Managerial Economics

Focus on basic microeconomic principles of the firm and relevance in business decisions. Covers supply and demand and its relationship to market outcomes and economic determinants of consumption, savings, and labor behavior.

MGT-6600 Seminar in Descriptive Statistics

Basic statistical concepts and analytical tools for data driven decision making. Introduction to concepts of frequency, distribution, variation and normal curve correlations with application to business decisions.

MGT-6400 Ethical Strategic Leadership

Decision making, negotiations and ethics. Cultural impact on management strategy. Create value, motivate resources, leading and creating high performance teams. Integrating performance across business units.

ECO-6200 Macroeconomic Analysis

Focus on creation of money, function and roles of financial institutions, fiscal and monetary policy and the Federal Reserve system. Covers economic theory of financial markets and impact of government policies, determinants of national income, employment, investment, interest rates inflation and exchange rates.

MGT-6510 Management of Human Resources

Analyze policies in human resource management and organizational design, recruitment, selection hiring, development promotion and incentive based pay.

MGT-6100 Operations Management

Concentrates on strategic decisions surrounding the production and delivery of goods and services. Value-added activities that transform resources into product. Covers process analysis, quality, inventory control, capacity planning and location decisions.

Concentration Courses

These classes are only available online.

MGT-6300 Corporate Finance

Corporate budgeting, working capital management and financial analysis. Corporate decision making regarding complex capital structures and how these decisions impact incentives of claimants.

ACC-6300 Managerial Accounting and Analysis

Accounting information used in decision making. Why firms are adopting activity based costing, economic value-added and balanced scorecard decision models. Budgeting, cash flow and incremental analysis.

MGT-6520 Managers and the Legal Environment

Understand the legal environment which impacts all businesses. Legal aspects of business relationships and business agreements. Forms of business organizations, duties of officers and directors, intellectual property, antitrust, contracts, employment relationships, criminal law and debtor-creditor relationships including bankruptcy.

MGT-6110 Competitive Strategy

Evaluate principles that guide strategic decisions. Includes game theory and strategic moves, industry analysis, basic game theory and competitive interactions. Recognize barriers to brilliant decision making including biases and decision traps. Develop frameworks for scenario analysis and making sound decisions.

Capstone Experience

MGT-6990 Cases in Financial Analysis 

Capstone Experience. Integrate knowledge and skills gained from the MBA program and apply them in a real business environment. Learn how to use teamwork to solve authentic business challenges. Students must have completed 30 hours of MBA coursework.

Length and Format

Students can choose from the following class formats:

  • Part-time (in the classroom), two years
  • Online, two years

Course Schedule

  • Part-time: Classes meet Wednesday evenings from 6:00 p.m. to 9:30 p.m. Students take one class at a time for eight-week terms.
  • Online: Students complete all coursework and discussions online. Students take one class at a time for eight-week terms.

Tuition

MBA courses are $690 per credit hour. Most courses are worth three credits. Thirty-nine credits are required to complete the MBA program. Payment is due at the start of each term. Financial aid is available.

Cohort Format

Our unique cohort system groups students together throughout their educational experience. You will complete the program one class at a time, in a predetermined sequence. This collaborative environment accelerates learning and builds strong peer relationships that last a lifetime. We also host occasional networking events for our MBAs, which allows them to interact with other cohorts and alumni.

Class Size

  • Average class size: 15
  • Maximum class size: 25 (15 online)

In the Classroom

We facilitate a close working relationship between students and faculty. Group work is often part of the curriculum, which helps prepare students to work collaboratively in the business world. Student discussion is encouraged as the MBAs learn from each other’s diverse backgrounds.

Project Work

At the end of the program, students will complete a capstone course. This class integrates the knowledge and skills gained from the MBA courses and applies them to a real business environment. Students will work as a team to solve an authentic business challenge.

On-campus Environment

  • Full-service library: Our staff is eager to help you find the resources you need.
  • Study areas: There are various places around campus for group meetings or studying.
  • Wifi: Classrooms and study areas are wifi accessible.
  • Information Technology Services: Our technology staff provides personal attention and prompt care for software, hardware and networking needs.
  • Print Services: Exists to serve students, faculty and staff with their printing and copying needs.
  • Gymnasium, tennis courts, running track and workout facilities: All students have access to on-campus workout facilities.
  • Restaurants: There is a full-service cafeteria available to students as well as a grab-n-go café.
  • Vibrant community: The River Forest and Oak Park area is a lively community filled with restaurants, retail stores, museums and other attractions.
  • Transportation: The Concordia-Chicago campus is accessible via the CTA’s green line train and is minutes from I-290.

 

Career possibilities for this concentration include:

  • Commercial Banker
  • Mortgage Banker
  • Risk Management Analyst
  • Bank Manager
  • Financial Adviser