The study of finance is more global centric than ever. The financial crises of the last decade is a clarion call for MBA graduates who are ethical and possess the knowledge and skills to excel in financial decision making. Individuals with knowledge in finance will have the opportunity to differentiate themselves from peers and build life-long skills while positively impacting the world. All major management positions, regardless of discipline, require a knowledge of finance in order to produce the desired results. A CUC MBA plus a specialization in finance will prepare you to differentiate yourself from your peers and build life-long skills while impacting the world in a socially responsible manner.
Concordia University Chicago's MBA specialization in finance provides you with a solid foundation in financial management and an understanding of public and private financial processes, financial markets, analysis and investments in a world where finance is an international language. The four courses within this specialization are designed to help you understand the fundamentals of money and banking, financial statement analysis, corporate finance, and international finance. Graduates will navigate through financial situations and problem solve with a global perspective.
After New York City, Chicago has the largest Finance Center in the U.S.A. PricewaterhouseCoopers ranks Chicago the ninth in the world for the Top 10 Cities for Finance. Dow Jones & Company’s International Financial Centers Development Index ranks Chicago as 10th in the world for Finance. Chicago also has the world’s largest exchange-traded derivatives market in the world. Chicago is a popular name among the well- known financial cities, owes its fame to the derivative market which started at the Chicago Board of Trade (CBOT) back in 1848 with commodity futures trading. Chicago accounts for approximately 18% of the global derivatives trading market which is more than all exchanges in Europe and even New York. The city based Options Clearing Corporation (OCC) clears all U.S. option contracts which exceeded 4.1 billion in 2014. Chicago is known as an economic powerhouse and is the headquarters of over 400 major corporate which includes more than 30 Fortune 500 companies. Chicago is also one of the most diverse economies excelling from innovation in financial risk management. Chicago Board Options Exchange (CBOE), the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT) and the Federal Reserve Bank of Chicago add to Chicago’s fame as an international financial hub.
According to the Graduate Management Admission Council® survey of 185 companies in 33 countries worldwide, 87-percent of employers plan to maintain (43%) or increase (43%) headcounts for new MBA hires. Forty-one respondents are affiliated with companies in the Fortune 500, and include 22 from Fortune 100 firms. According to the U.S. Bureau of Labor Statistics (BLS), financial managers can expect moderate to faster-than-average growth of 12% from 2014-2024, along with serious competition for available positions. Depending on the specialization, the BLS anticipated an increase in jobs of 7%-16% for financial professions between 2014-2024.
In February 2016, PayScale.com reported high salaries for MBA-holders in a variety of financial professions. Finance analysis managers earned a median annual income of $81,250, while a chief financial officer's median annual wages stood at $121,942. PayScale.com also noted that experience also played a large factor in take-home pay, with entry-level MBA graduates earning a median salary of approximately $61,748, while those with five or more years' experience saw a median salary of $83,475.
Earning an MBA in Finance gives you the opportunity to earn higher salaries and qualify for more advanced positions.