Top Online Masters in Finance Programs

Most universities today offer the Masters in Finance as an option within the structure of the MBA program. Schools of business usually have several areas of concentration to choose from in the second year of a two year, full time MBA course of study. At most schools the most popular major for the MBA is Finance. The list of schools below all include finance as an MBA option and in some cases offer additional graduate level options for degrees related to finance, either within the context of corporate operations or as an analytical profession. Some universities offer a Masters in Financial Mathematics for students interested in the complexities of analytics or in a PhD program that specializes in the technology of business finance. The schools listed below all have degree programs designed for career advancement in the business world.

New England College of Business and Finance has been in existence since 1909 when it was founded as the New England Banking Institute. Over the years it has evolved from a finance training institution to a full fledged degree granting college accredited by the New England Association of Schools & Colleges. The Master of Finance degree includes eleven advanced courses that cover International Finance, Applied Quantitative Methods, Enterprise Risk Management, Portfolio Management and several other areas of the academic discipline. The college has a solid background in educating aspiring professionals in the banking and finance industries.

Baker College offers the online MBA in Finance with a program that includes thirty three credit hours devoted to business studies and an additional twenty credit hours for classes in the finance specialization. Among the business core courses are classes in Research & Statistics for Managers, Accounting for the Contemporary Manager and Management Information Systems, so the analytic tools and IT requirements for a Masters in Finance are covered in the first section of the program. Advanced finance classes include Public Finance and International Business Finance.

University of Liverpool has ventured into the international online education field with its online MBA program. Since the program was accredited by the European Foundation for Management Development it has developed a student body drawn from over 175 nations. The MBA in Finance and Accounting is delivered in modules, with each module consisting of classes that increase in complexity. The University provides e-books or printed textbooks at no charge. Finance modules include Investment Strategies, Financial Reporting, Business Finance and Advanced Managerial Accounting.

Kaplan University offers an online Masters of Business Administration with specialization in Finance that can be completed in one year of full time study or two years of part time study. The curriculum includes mergers and acquisitions, international business finance, foreign exchange risk, hedging strategies, and global positioning of assets. Kaplan also offers a MBA in Entrepreneurship that delves into the creative sources and uses of capital involved in a startup.

Northeastern University offers a MBA in Finance online through its School of Business. This area of concentration covers mergers and acquisitions, licensing, joint ventures, and IPOs from a management perspective. There is also a MBA in Entrepreneurship that includes some of these advanced courses. In addition Northeastern offers an online Master of Science in Finance that focuses entirely on the complexities of accounting and finance, quantitative and modeling methods, and international finance structures for global businesses.

How to Finance Your Growing Business

Most companies want to grow their revenue but don’t pay attention to make sure it is the right type of growth. For example, if every $1 increase in sales takes $1.50 in expense then it is not good growth. Also, even in a case where every $1 increase in sales takes $0.25 in expense how is the business financing the expense needed to create the sale. The expense is being incurred before you even get the sale so how are you going to pay for it? Answering this question is part of good cash flow management and planning process. The business will either to get financing internally or externally or both.

A good cash flow management plan should forecast how your business plans to use its cash including serious (not pie in the sky) expansion plans as well as where the cash will come from.

Internal Financing – Depending on your level of growth you may be able to set aside cash as a reserve for expansion. Expansion costs usually include additional employees, increased inventory and increased accounts receivables.

  1. Use excess cash from sales to fund expansion and save interest costs.
  2. Make sure your accounts receivables balances make sense. Too much accounts receivables could mean that your business is not doing a good job of collecting accounts when due. When you do not have good credit and collection polices your cash flow can suffer.

External Financing – Get it before you need it especially if you are in a period of rapid growth.

  1. Bank Financing – Establish a line of credit that will help you with the ups and downs of your business so that every month you can make payroll and pay rent when cash flow is low. A line of credit should be used when cash is low and paid down or to zero when cash is up.
  2. Create a relationship with your bank. The more comfortable they are with you and your business the easier it will be to get a loan.
  3. Investors – Seek out investors that can help fund your expansion. I rather give up a large portion of my small business for the opportunity to have a small chunk of a much larger business. The amount of your business and control that you give up depends on the type of investor you bring on board.

Limit Growth – If all else fails slow down your growth plans in order to protect your core business.

  1. By planning for growth you should be able to grow your business reasonably.

Follow these tips and you and your business should be well on having the financial resources to continue growing your business.

Confidential Cash Flow Factoring – Turn Accounts Receivable Into Your Best AR Finance Strategy

We are going to demonstrate how a little known, and in our opinion almost a secret strategy can called confidential cash flow factoring can turn your accounts receivable into a virtual cash flow machine, turning past AR finance obstacles into cash flow solutions!

Search engine analysis will show you that thousands of Canadian businesses search everyday for what they hopefully believe will be valuable information around the most popular method of business financing today. Those businesses, of all types and sizes by the way (even the largest corporations in Canada) want to know why cash flow factoring offers unlimited unlocking of cash flow based on your sales and receivables.

Initial explanations and overviews to clients sometimes become bogged down in key issues such as the cost of this method of AR finance, and, equally important, is the unwillingness of some clients to accept how invoice discounting (that’s another name for this type of financing) works.

Canadian business owners and financial managers want to like a good thing, at the same time they want to know how it works and how they avoid any pitfalls. Lets discuss the ‘ how it works ‘ portion first and then share with you the method we believe eliminates the major pitfall perceptions viewed by many firms considering this type of financing.

We’ll focus on small and mediums sized business – the larger corporations have access to all sorts of financing and external finance strategies – while the small and medium sized businesses in Canada tend to rely on their own cash flow to fund their ongoing growth and working capital. In fact many firms realize they have potential to grow sales and profits, but cant because of that lack of working capital.

Back to the ‘how it works’! Cash flow factoring of accounts receivable is the ongoing sale, in whole or in part of your sales invoices as you generate them and deliver products and services to your customer. The invoices are purchased at 1- 3% discount from yourself, and you receive cash, 99% of the time the same day, for those sales. So, in effect all your sales now fuel that cash flow machine you have turned your company into.

So far, so good, right? Where complications arise, especially in Canada, is the fact that this type of financing requires your client to be notified of the process, directly, or indirectly, and payments are required to be forwarded to your factoring finance firm. Canadian business, in our eyes, has a reluctance to involve their customers in their internal financing policies, and challenges. As a result, many firms are skeptical of entering into AR finance of this manner.

Is there a solution? We told you there was – it’s a breakthrough called confidential invoice discounting. This type of financing comes at the same cost, allows you to bill and collect your own receivables, and gains all the benefits of that cash flow factoring machine we turned your company into.

Speak to a trusted, credible, and experienced Canadian business financing advisor who can put you into a proper AR finance facility, allowing you to reap the benefits of cash flow invoice financing, while at the same time allowing competitors, customers, and vendors to remain exactly where you want them to be, outside your financing strategies and challenges! Let’s let your competitors try and figure our how you’re doing so well in both growth and profits.

International Finance Solutions Are Key To Facilitating Overseas Growth

A new study has found that almost one in three entrepreneurs in the UK are looking to expand their business overseas in 2012.

The research from leading accountancy firm RSM Tenon suggested that 31% hoped to capitalise on new markets, with four out of five believing Europe to be their most likely target in the months ahead.

It comes just a month after the Office for National Statistics (ONS) revealed the UK’s trade deficit fell to £1.1 billion in December – representing its lowest level since April 2003 – as more firms looked overseas to extend their customer base with domestic trading conditions showing very few signs of improvement.

Indeed, the UK economy was confirmed to have contracted by 0.2% in the final quarter of 2011 as consumer confidence, late payment and a restricted access to credit continued to stifle small businesses’ growth opportunities.

Although this is an encouraging sign, the additional challenges brought by international trade are thought to deter even more firms from taking the leap as cash is tied up for longer due to goods having longer to travel. However specialist international finance solutions can help to overcome this potential stumbling block by releasing cash against the value of invoices soon after they’re raised.

Philip Coleman, head of international business development at RSM Tenon, said: “It’s disappointing that more UK entrepreneurs aren’t looking to develop their overseas markets. Despite the ongoing difficulties with the economy in Europe, I think that there are some really promising opportunities for UK companies at the moment.”

A range of established international finance companies are available to help businesses overcome these challenges, so whether you are a UK-based importer or exporter, have overseas offices or are a multinational corporation, it is important to evaluate all the international finance options that are available to your business.

For instance, export finance helps to fund exporting activity by bridging the cash flow gap between providing a service and getting paid, whilst additionally assisting with your sales ledger management overseas. Import finance solutions, on the other hand, are available to help UK importers to finance the importing of goods, a hugely valuable resource in these testing times.

Letters of credit, purchase order finance and supply chain finance are three other similar solutions that can equip small and medium-sized businesses with the tools required to overcome the challenges of international trade, so rather than depend on an overdraft or bank loan to fund your business’ growth, why not seek specialist international finance solutions?

Careers In Finance

Nature Of Work of Finance Professionals

A career in finance involves a whole range of functions, such as determining the impact of decisions that are made in nearly all functional areas on the financial front. This includes administering portfolios and formulating personal financial plans for investors, supervising banking operations, evaluating and suggesting company’s capital budgets and strengthening bank relationships.

Professionals engaged in the finance industry deal with how individuals and institutions handle their financial resources, the methods they use to raise money, its allocation, and how they use it. They also assess the risks these activities involve, and recommend various ways of managing them.

Occupations in Finance

The finance sector has a wide range of occupations to choose from. You can become a portfolio or credit manager, security analyst, opt for the insurance sector, or become a corporate financial officer, financial consultant or lending officer. Below are some of the additional roles that you can pursue:

– Bank Manager

– Financial Analyst

– Accountant And Auditor

– Appraiser and Assessor of Real Estate

– Budget Analyst

– Claim Adjuster

– Examiner

– Investigator

– Cost Estimator

– Tax Examiner

– Revenue Agent

Job Opportunities in Finance

The job opportunities in the financial sector are equally vast and varied, a few of which are given here. All of them offer a highly rewarding and satisfying career.

Commercial Banking – The commercial banking sector employs a greater number of finance professionals than any other area of the financial services industry. Jobs in the banking industry have a direct client interface with people from all sections of the society, which offers opportunities for clientele development. The starting point would be as tellers, after which people shift to other areas of banking services like credit card banking, trade credit, leasing and international finance.

Corporate Finance – This would involve employment in a corporation, generally as a finance officer. The main job responsibilities would entail securing financial resources for developing the business of the company. The money can be utilized to make acquisitions to expand the company and secure its future.

Financial Planning Consultancy – You may set up a financial planning consultancy of your own or seek employment in an existing one. This work involves helping individuals in planning their finances for their children’s education, or their retirement needs. It requires answering questions and educating clients about risk factors, to help them to invest their money wisely. Being employed in a corporate setting is also an option, with a job profile related to future financial planning. It would require a firm understanding of investments, estate and tax planning.

Investment Banking – Investment banking pertains to helping investors in buying, trading and managing financial assets. This field offers opportunities to work in world-renowned investment banks like Salomon Smith Barney, Goldman Sachs and Merrill Lynch.

Insurance – The insurance industry has achieved revenues of over trillion dollars. It is one field that has tremendous scope of absorbing finance professionals. The work is mainly about managing risks and identifying problem areas. According to estimates, it employed nearly two and a half million people in the U.S. in the year 2005. One could work as an underwriter, customer service representative, actuary or an asset manager, in this sector.

A career in finance can be pursued in a wide variety of fields. The financial sector offers opportunities that are intellectually and financially rewarding.