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Home>MBA Programs>Finance>Finance MBA Specialization Still Important Despite Sluggish Economy
Finance MBA Specialization Still Important Despite Sluggish Economy
Finance MBA Specialization Still Important Despite Sluggish Economy main image
Despite the economic changes felt throughout the world and the increased prominence of other MBA disciplines such as entrepreneurship and CSR, finance remains one of the core areas for any internationally competitive business school, writes Nicole Willson.
Not only does finance continue to be a core area, there are also those who feel that finance will always be an important part of MBA programs. Gianmario Verona is the director of the full-time MBA program at the SDA Bocconi School of Management, 15th in the finance specialization rating. He states, “Finance is the blood of the economic ecosystem.” That’s why, “Finance, in all its branches, was and will always be a central discipline in MBA programs.”
Today’s finance MBA students have the advantage of being able to learn from the 2008 financial crisis and the Eurozone Crisis, since both events depend on elements related to finance and financial institutions. Verona states, “It’s great that students in these days have the opportunity to study and better understand financial implications we were unaware of or we underestimated until some years ago.”
The current economic fluctuations in the Eurozone do not seem to have affected the employer perception of finance MBA programs in those countries. Last year, there were six schools from the Eurozone in the top 20 for finance, and those schools have stayed in the top 20 this year. In fact, three Eurozone schools improved on their position from last year: SDA Bocconi (15th), the HEC Paris MBA Program (16th), and IMD (20th).
When asked why SDA Bocconi’s position in the finance ranking improved this year, Verona credits their finance faculty. “The impressive effort in the hiring process in the last three years contributed to improvements in the overall quality of our team of instructors and researchers dedicated to finance. High-quality research and the linkage to the finance practitioner’s community are probably part of the motivations of our improvement.”
Twelve nations are represented in the top 50 for finance, all of which are major global economies. The US and UK account for the top six places of the finance ranking, which may reflect their continued economic strength and status as centers for global trade. It should be pointed out however, that while the US dominates the finance ranking, its share of schools (18) is slightly less than for other subjects such as entrepreneurship and operations management.
The top three schools are the same as last year: the Wharton School, The University of Chicago Booth School of Management, and London Business School. The only change in the top five is that Harvard has overtaken NYU’s Stern School of Business, to take the number four spot.
Indian business schools also continue to make a strong showing in the finance ranking, with three schools in the top 20: Indian Institute of Management, Ahmedabad (12), Indian Institute of Management, Bangalore (18) and Indian Institute of Management Calcutta (19). With five schools in the top 50, India has the third highest total of any country and has only one school fewer than the UK.
Mansoor is a contributor to and former editor of TopMBA.com. He is a higher and business education specialist, who has been published in media outlets around the world. He studied English literature at BA and MA level and has a background in consumer journalism.
Finance MBA Specialization Still Important Despite Sluggish Economy
By Pavel Kantorek
Updated June 14, 2018 Updated June 14, 2018Despite the economic changes felt throughout the world and the increased prominence of other MBA disciplines such as entrepreneurship and CSR, finance remains one of the core areas for any internationally competitive business school, writes Nicole Willson.
Not only does finance continue to be a core area, there are also those who feel that finance will always be an important part of MBA programs. Gianmario Verona is the director of the full-time MBA program at the SDA Bocconi School of Management, 15th in the finance specialization rating. He states, “Finance is the blood of the economic ecosystem.” That’s why, “Finance, in all its branches, was and will always be a central discipline in MBA programs.”
Today’s finance MBA students have the advantage of being able to learn from the 2008 financial crisis and the Eurozone Crisis, since both events depend on elements related to finance and financial institutions. Verona states, “It’s great that students in these days have the opportunity to study and better understand financial implications we were unaware of or we underestimated until some years ago.”
The current economic fluctuations in the Eurozone do not seem to have affected the employer perception of finance MBA programs in those countries. Last year, there were six schools from the Eurozone in the top 20 for finance, and those schools have stayed in the top 20 this year. In fact, three Eurozone schools improved on their position from last year: SDA Bocconi (15th), the HEC Paris MBA Program (16th), and IMD (20th).
When asked why SDA Bocconi’s position in the finance ranking improved this year, Verona credits their finance faculty. “The impressive effort in the hiring process in the last three years contributed to improvements in the overall quality of our team of instructors and researchers dedicated to finance. High-quality research and the linkage to the finance practitioner’s community are probably part of the motivations of our improvement.”
Twelve nations are represented in the top 50 for finance, all of which are major global economies. The US and UK account for the top six places of the finance ranking, which may reflect their continued economic strength and status as centers for global trade. It should be pointed out however, that while the US dominates the finance ranking, its share of schools (18) is slightly less than for other subjects such as entrepreneurship and operations management.
The top three schools are the same as last year: the Wharton School, The University of Chicago Booth School of Management, and London Business School. The only change in the top five is that Harvard has overtaken NYU’s Stern School of Business, to take the number four spot.
Indian business schools also continue to make a strong showing in the finance ranking, with three schools in the top 20: Indian Institute of Management, Ahmedabad (12), Indian Institute of Management, Bangalore (18) and Indian Institute of Management Calcutta (19). With five schools in the top 50, India has the third highest total of any country and has only one school fewer than the UK.
This article was originally published in April 2016 . It was last updated in June 2018
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Mansoor is a contributor to and former editor of TopMBA.com. He is a higher and business education specialist, who has been published in media outlets around the world. He studied English literature at BA and MA level and has a background in consumer journalism.
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