Some of the areas covered in MBA public finance programs include: budget planning and evaluation, tax laws and regulations, budget implementation, financial analysis and risk management. Most courses cover these topics on a one-to-one basis with students attending individual classes. In addition to private consulting firms, students may also take online business finance or economics classes. Online courses are more convenient for students who need to complete school at their own pace.
A four-year MBA in public finance can prepare students for positions in executive positions such as government managers, budget analysts, finance directors and economic advisors. The programs may focus on governmental or non-governmental positions such as consultants and business planners. These positions require a broad range of knowledge of public finance.
Students may complete the program with an undergraduate degree in business administration or an allied field such as accounting or financial management. Many students have a bachelor’s degree in business administration or other related field, such as human resource management or psychology, but a more thorough understanding of public finance is needed. The students may also choose a more specific course of study such as macroeconomics, finance, public finance or microeconomics. The program may also provide an internship.
Students who earn their MBA public finance degrees may specialize in finance, taxation or investment analysis. Business managers may select a master’s degree in business administration. Finance managers may focus on macroeconomic or microeconomic perspectives.
Financial management includes analysis, planning, and implementation of financial activities. Many public finance professionals work in the financial management area because they specialize in the management of a business, nonprofit or government agency’s finances and policies.
Some students complete an MBA in public finance to obtain career advancement. Students in the field may enter the field through a job in finance management or other position in finance such as an administrator of a nonprofit, private or public corporation. Other students are interested in a higher degree such as a doctorate. to become an academicianthroepical, financial planner, or public policy analyst.
Graduates from a public finance program are able to apply what they have learned in their undergraduate and graduate education. They are better prepared to compete for higher positions in the finance industry.