2nd Masters suggestion needed

Discussion in 'General Distance Learning Discussions' started by kozen, Jun 22, 2008.

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  1. kozen

    kozen Member

    I'm currently studying MBA (Finance) in a B&M University in China and thinking of pursuing a 2nd Masters at the same time, and it will definitely be online though. Any suggestions on what major shall i study for my 2nd Masters to supplement/compliment as i will working in the Finance/Banking industry in future? I will appreciate if you are able to provide me with the university too. Cheapest RA Masters will be appreciated.
     
    Last edited by a moderator: Jun 22, 2008
  2. pugbelly

    pugbelly New Member

    That depends. Does your MBA have a concentration? What exactly do you want to do in the finance and banking industry? If it is management oriented, a M.A. in Management might be a good selection. If it's more accounting or auditing based, the CPA would probably be your best bet. If you're directing others, perhaps Leadership would b a good choice.

    Pug
     
  3. kozen

    kozen Member

    My currently MBA concentration will be Finance, so i am thinking of what will be good for my 2nd Masters. I will be leading towards more on CFA rather than CPA though, but that will be more on certification. If i am to studying M.A in Management. Will that really add credibility to the job i am applying since i already have experience in Banking? or shall i take MBA in Law etc.?
     
  4. tcmak

    tcmak New Member

    A more fundamental question

    Why do you think you need supplement/compliment for your MBA in Finance? do you think your MBA is still lack of something you need? What do you think you need?

    There are quite a number of options, in terms of fields, existing already:
    - Finance, and Quantitative Finance
    - Management
    - Law

    Each of these could come up into a long list by itself. So it's better first to identify what you want to go for.
     
  5. TEKMAN

    TEKMAN Semper Fi!


    I would recommend you go for Master of Science in Management at Liberty University. (1) The management degree can gain you the leadership/management role later in your career. Of course, you don't want to do finance all your life; and one day you have to move up the the management position. (2) Liberty University accepts transfer and NA credits.
     
  6. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member Staff Member

    Why would you think you would need more than an MBA Finance to get a job in banking?
     
  7. kozen

    kozen Member

    Thanks for your thoughts. But does it mean that by graduating with a MBA in Finance. I won't not be able to gain into Management role successfully??? I believed for management role, the MBA (Finance) shall be sufficient to gain me direct entry to management position with years of experiences. But of course, with a management degree, that will give me additional push to management role.
     
  8. kozen

    kozen Member

    No. I think an MBA Finance is more than enough to get a job in banking, especially i already have 5 years of banking experiences. That is not an issue but what i am thinking is a better path for me in future. Getting into management role or better position in banking, like Fund Manager, or a VP in management etc..i'm also thinking to teach after that.
     
  9. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member Staff Member

    Oh! Sorry I'm so dense! I'm not sure whether you would absolutely need it to get into management, but either an MA in Management or an MS in Management would make a nice complement to the MBA in Finance. On the other hand, the MBA in Finance plus your years of experience might be all you need to get into management and/or land adjuncting positions.
     
  10. friendorfoe

    friendorfoe Active Member

    I've always been lead to believe that an MBA and MSM are so related that the MSM would be redundant. An MBA is already a management degree.
     
  11. TCord1964

    TCord1964 New Member

    Yeah, I'm not so sure you really NEED a second masters degree for your particular job field. Now, if you want to take one for FUN, that's a different story altogether.

    For example, I plan to get a MA in Communications, and a second one in History, just for sh*ts and giggles (actually, I really enjoy history).
     
  12. Abner

    Abner Well-Known Member


    Hey Kozen,

    What was your experience like as far as transferring you American NA degree into a Chinese University?

    Abner
     
  13. tcmak

    tcmak New Member

    for Fund manager, or VP, I would suggest looking at their job ads and see what kind of qualifications they require. I don't think they need more than a master degree for academic qualification. Work experience looks more important.

    For positions like senior management positions, people networking is more important (I think you must know very well on what GuanXi means to do business in China). Would you consider Executive MBA programmes? this is likely where you might meet some more like-minded and resourceful people? :) EMBA is an expensive to enter. However, the more expensive it is, it means the richer your classmates likely to be, or more "valuable" to the company so that their companies want to sponsor them. :)

    To teach, depending on where you want to teach, PhD would be needed for teaching at university.

     
  14. kozen

    kozen Member

    So good so far. I do not have a problem in getting a job or even transferring into a Chinese University so long it's an accredited degree recognised by DOE and CHEA. Recognition in Asia or even South-East Asia are not as complicated as in USA as the only requirement is it's accredited by a accrediting agency recognized by its Home Government (DOE & CHEA). Most countries in Asia or South-East Asia do have a standardized education systems. It's not as complicated as in USA, which still have to depends on individual States to accept its (NA/RA) degree though it's still a accredited degree recognized by DOE/CHEA.
     
  15. firstmode4c

    firstmode4c Member

    Just go for certifications:

    AIF®, Accredited Investment Fiduciary
    The Accredited Investment Fiduciary professional designation is the first and only designation that demonstrates knowledge and competency in the area of fiduciary responsibility. Holders of the AIF® mark have successfully completed a specialized program on investment fiduciary standards and subsequently passed a comprehensive examination.


    AIB Bank Teller Certificate
    The AIB Bank Teller Certificate demonstrates a recipient’s understanding of critical technical skills required for the position. The curriculum covers practical knowledge and applied skills in banking, regulatory compliance for tellers, and customer service and sales.


    AIB Customer Service Representative Certificate
    The AIB Customer Service Representative Certificate program is awarded to frontline banking personnel (such as tellers, customer service and safe deposit clerks) who are primarily responsible for handling routine banking transactions.


    AIB Personal Banking Diploma
    Personal Bankers/Financial Services Representatives wishing to increase their banking knowledge and skills should consider pursuing the AIB Personal Banking Diploma.


    BCE, Certified Estate Planner
    Become Board Certified in Estate Planning when you attain the coveted BCE designation. Achieving certification demonstrates an advisor’s expertise and commitment to helping individuals plan for the passing of a loved one and the effective transfer of assets.


    CAS, Certified Annuity Specialist
    The Certified Annuity Specialist (CAS) designation demonstrates that a certificant has gained advanced training and competency in the subject of annuities. Certified Annuity Specialist (CAS) designees are recognized as experts in helping their clients utilize fixed-rate and variable products to meet their unique planning needs.


    CBT, Certified Bank Teller
    The Certified Bank Teller (CBT) designation is the benchmark of excellence for bank tellers. It is awarded to those banking professionals who meet the specified educational and practical experience criteria.


    CCTS, Certified Corporate Trust Specialist
    Acquire valuable skills through educational offerings leading to the CCTS designation. CCTS designees are financial services professionals who apply their expertise on the provision of corporate trust services.


    CCSR, Certified Customer Service Representative
    The Certified Customer Service Representative (CCSR) designation is applicable to financial services professionals who have completed the AIB Customer Service Representative Certificate and who function as customer service representatives.


    CFA, Chartered Financial Analyst
    The Chartered Financial Analyst (CFA) designation is the most highly-regarded designation for investment professionals in the industry. Recipients are required to meet stringent experience prerequisites, then pass three rigorous six-hour exams over at least three years, and abide by the CFA Institute’s Code of Ethics and Standards of Professional Conduct.


    CFMP, Certified Financial Marketing Professional
    For those financial services professionals who chiefly focus on marketing as their primary employment function, the Certified Financial Marketing Professional (CFMP) designation certifies their completion of rigorous education and experience requirements.


    CFP®, Certified Financial Planner
    The Certified Financial Planner (CFP) professional designation is the most highly-regarded financial planning designation in the industry. Recipients are required to meet stringent education and experience prerequisites, then complete six courses and successfully pass a rigorous comprehensive Board Examination.


    CFS, Certified Funds Specialist
    The Certified Funds Specialist (CFS) designation indicates that a certificant has received advanced training and expertise in mutual funds. Designees are able to evaluate and compare appropriate analytics of the funds when constructing a client’s portfolio.


    CFSSP, Certified Financial Services Security Professional
    The Certified Financial Services Security Professional (CFSSP) is designed for banking professionals whose chief responsibilities center upon the security and safety of a financial services organization's facilities, staff, systems, and/or customers.


    ChFC, Chartered Financial Consultant
    The Chartered Financial Consultant (ChFC) program provides financial planners and others in the financial services industry with in-depth knowledge of the skills needed to perform comprehensive financial planning for their clients.


    CISP, Certified IRA Services Professional
    CISPs are recognized experts in IRA operational and technical experience. Certification signifies their completion of a comprehensive training program and having met practical experience criteria.


    CLBB, Certified Lender Business Banker
    Financial services professionals who have attained the Certified Lender Business Banker (CLBB) certification have received extensive training in the provision of credit and financial transaction services to businesses and/or corporations.


    CMP, Certified Mortgage Professional
    The Certified Mortgage Professional (CMP) designation signifies that a recipient has met qualifying achievements and accomplishments as a professional in the residential mortgage finance industry. Certification demonstrates a broad understanding of the industry and that the designee is a knowledgeable residential real estate mortgage lending professional.


    CPB, Certified Personal Banker
    The Certified Personal Banker (CPB) designation is the benchmark of excellence for personal bankers. It is awarded to those banking professionals who meet the specified educational and practical experience criteria.


    CRCM, Certified Regulatory Compliance Manager
    Financial services professionals who have attained the Certified Regulatory Compliance Manager (CRCM) certification have received extensive training in the application, implementation and maintenance of relevant federal and state regulatory requirements as they relate to a financial services organization's business.


    CRSP, Certified Retirement Services Professional
    The Certified Certified Retirement Services Professional (CRSP) designation is applicable to financial services professionals who assist clients with the appropriate structure and implementation of employee benefit and/or retirement plan services.


    CSOP, Certified Securities Operations Professional
    Financial services professionals who have attained the Certified Securities Operations Professional (CSOP) designation have received extensive training in the execution of processing operations related to all manner of securities.


    CTFA, Certified Trust and Financial Advisor
    A Trust and Financial Advisor (CTFA) awardee is focused specifically on the provision of fiduciary services related to trusts, estates, guardianships and individual asset management accounts. CTFA designees are consumers' best resource to ensure they are dealing with a professional skilled in the unique aspects of trusts and estate planning.


    CTS, Certified Tax Specialist
    The Certified Funds Specialist (CFS) designation indicates that a certificant has received advanced training and expertise in being able to provide strategies to help their clients reduce their taxable income.


    PPC, Professional Plan Consultant
    The Professional Plan Consultant (PPC) designation is awarded to those who successfully complete The 401k Service Training Program™. This designation, administered by Financial Service Standards, LLC, signifies a commitment to education and service excellence in the qualified plan industry.


    RIS, Retirement Income Specialist
    The Retirement Income Specialist (RIS) designation indicates that a certificant has received advanced training and expertise in providing strategies to help their clients plan for a comfortable retirement - chiefly how to maximize income while mitigating risk and taxes.
     
  16. friendorfoe

    friendorfoe Active Member

    firstmode,

    where did you find that list?
     
  17. firstmode4c

    firstmode4c Member

    I googled bankng certifications and looked at one of the links ;-)
     
  18. Ian Anderson

    Ian Anderson Active Member

    There are alternates to another masters degree.
    One is to join a professional body that supports your professional goals.
    For example you could join the UK Chartered Management Institute at various member levels (I believe they accept members worldwide)
    http://www.managers.org.uk/
     
  19. friendorfoe

    friendorfoe Active Member

    I wonder how the industry sees these certs?
     

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