Online Colleges Offering Doctoral Degrees in Finance
Recent developments such regulatory changes, increased globalization, and tightening worldwide markets have led to an infusion of new financial concepts in order to keep up with the shifting global economy. Companies and postsecondary institutions alike are trying to stay ahead of the curve, analyzing trends and interpreting data to determine the best course of action in an ever-changing financial landscape. A doctoral degree in finance from an online college can provide graduates with the skills and knowledge to lead organizations, provide strategic financial advice, or educate the next generation of finance professionals.
What does a Doctoral Degree in Finance from an Online College Entail?
Students seeking to earn a graduate degree in finance, accounting or business administration can choose from a number of online universities that provide doctor of philosophy (PhD) programs. Some online colleges offer a doctor in business administration (DBA) program that specializes in accounting, finance or financial management, putting greater focus on applied research than theoretical research. Regardless of the path students choose, intensive coursework explores current and emerging global finance theory, financial institutions, derivatives and commodities, financial reporting, and investment and portfolio management. Students develop and use financial models and theoretical tools as they analyze case studies, incorporate principles of social and behavioral research, and expand their expertise in financial theories, systems and practices.
Online programs put an emphasis on independent learning and flexible schedules, which can be very beneficial for working professionals who are looking to advance their educational pursuits. Many assignments and tests can be completed at students’ convenience, rather than requiring their presence in the classroom at a predetermined date and time. In addition, students who pursue a graduate degree through an online college develop an in-depth understanding of the online learning process. As the number of online programs increases and curriculums expand, this practical experience could be advantageous for individuals who choose a career path in academia.
Related Careers for Graduates of Online Doctoral Degree Programs in Finance
Individuals who choose to enroll in an online doctoral degree program are often pursuing financial leadership, consulting or teaching careers. Completion of the program can prepare students for entry-level positions that include proprietary trader, investment research analyst, management consultant or finance professor. Online business colleges provide students with a keen understanding of the methods of quantitative analysis, as well as the structure of financial institutions and markets. These qualities can enhance graduates’ job prospects and, eventually, their opportunities for promotion.
Graduates of an online doctoral degree program in finance could contribute their skills to the field of academia. According to the Bureau of Labor Statistics (bls.gov, 2012), the number of postsecondary teachers is expected to grow 17 percent between 2010 and 2020, which falls in line with the average growth rate during that timeframe for all careers surveyed. Enrollments at postsecondary institutions should continue to rise, and the Bureau of Labor Statistics anticipates that an increased number of students should keep fueling demand for trained college instructors.
Due to changes in the financial system, both at home and abroad, companies need to rely on financial professionals who have an in-depth understanding of factors that influence the shifting economy. Meanwhile, postsecondary institutions rely on faculty members with exceptional research and analytical skills who can train the business leaders of tomorrow. Whether they aspire to the boardroom or the classroom, an online doctoral degree program in finance can help prepare students for the future. Specific information about graduate programs in finance can be obtained from any of the online colleges below.
Postsecondary Teachers, Bureau of Labor Statistics, 2012