Micromasters in finance provides quick upskilling for professionals

The US Bureau of Labor Statistics notes that the employment of business and financial operations occupations is projected to grow 7% from 2018 to 2028, faster than the average for all occupations, adding about 591,800 new jobs. Micromasters in finance are growing in popularity and a career in finance can take on different trajectories.

Micromasters are bite-sized qualifications designed for recent graduates, and early to mid-stage professionals interested in developing a deeper understanding of a particular area.

These cost-effective, skill-based qualifications designed to provide knowledge, skills, and abilities that enable professionals to develop their careers.

A recent study published by Northeastern University found that the relative value of educational credentials in hiring has been stable at 29% and even increased by 48% for most employers over the last five years.

This development signifies a shift in employer and hiring sentiment that once preferred long term degree or master’s level qualifications.

Professionals who complete microcredentials equivalent to Accounting for Managers, Managerial Finance, and Management of Operations can develop the right skills that will allow them to assume roles that assess and forecast operational performance and create lean supply chain systems in organisations.

A new MITx MicroMasters® Program in Finance was recently launched through a cooperation between MITx at MIT Open Learning.

The programme includes a bundle of five finance online courses taught by MIT Sloan faculty on e-learning platform, edX.

The courses that make up the programme replicates on-campus graduate-level MIT coursework and cover topics such as modern finance, financial accounting, mathematical methods for quantitative finance, and derivative markets.

Students will gain a comprehensive understanding of global markets and learn to apply critical financial theories, models, and frameworks across all areas of finance.

“The MITx MicroMasters® Program in Finance is designed to meet the growing demand for the skills and expertise required for a career in finance. It is built on the curriculum of the MIT Sloan Master of Finance Program, so regardless of where you are in the world, online learners have access to the same high-quality content and assessments as our on-campus graduate students,” says Prof. Egor Matveyev, associate faculty director of the programme.

EdX also conducts a UMGC’s MicroMasters program in Accounting and Financial Management by the University System of Maryland.

This 32-week programme is designed for professionals who want to develop their careers and move toward an organisational leadership position.

The programme which consists of four graduate-level courses will help these professionals build the financial and accounting skillset needed to rise to an executive level of responsibility and earning power.

The programme will help learners gain hands-on experience as you report and analyse financial transactions of corporations.

They will also learn how to assess risks and returns of alternative investments by analysing SEC 10-K reports of Fortune 500 companies and enhance the learners’ ability to make effective financial management decisions to prepare for future career advancement.

Learners enrolled in the programme will learn financial decision making, financial accounting for corporations, financial management in organisations, and long-term financial management.