A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management . A business school may also be referred to as school of management , management school , school of business administration , college of business , or colloquially b-school or biz school . A business school offers comprehensive education in various disciplines related to the world of business.
57-566: Cambridge Judge Business School is the business school of the University of Cambridge . The School is a provider of management education. It is named after Sir Paul Judge , a founding benefactor of the school. The School is a department of the university's School of Technology administrative group. The School is embedded in the high tech cluster called the Silicon Fen , with its own accelerator and close ties with Cambridge Enterprise,
114-609: A joint degree — or later pursue an M.Fin degree to gain specialized finance knowledge; some universities offer an advanced certificate in finance appended to the MBA, allowing students to complete coursework beyond the standard finance specialization. Other specialized business Masters , such as the MSM (Finance) and the MCom (Finance) closely correspond to the MSF, similarly. Note that
171-597: A "quantitative track" (and may be STEM-designated ); while others are specifically technically oriented, or, in some cases, even offer a finance and mathematics dual degree . Also, although the "MSc in Finance" generally corresponds to the M.Fin, many schools offer a range of MSc programs where finance may be combined with accountancy and/or management, and these then correspond to the MSF. MMF programs may, similarly, offer either broad- or specialized finance coverage. Many MSc programs are further specialized, with
228-480: A bachelor's degree is tuition-free at public intuitions in several countries: Austria , Cyprus , Czech Republic , Denmark , Estonia , Finland , Germany , Greece , Malta , Montenegro , Norway , Poland , Scotland , Slovakia , Slovenia , Sweden , Turkey . In the German education system , most universities do not charge tuition, except for some executive MBA programs. French tuition fees are capped based on
285-510: A community colleges, charge $ 3,730 (€3,154) on average for in-state students, but these institutions usually do not offer Bachelors or MBA degrees. Private institutions in the United States all charge tuition, often considerably more than their public counterparts. Master of Finance The Master of Finance is a master's degree awarded by universities or graduate schools preparing students for careers in finance . The degree
342-449: A formal study of finance theory ; secondly, even where the theory is not studied formally, MSF programs do cover the assumptions underpinning the models studied (at least in overview); thirdly, many financial economics programs include coverage of individual financial instruments, corporate finance and portfolio management, although this treatment is usually less practical. (As regards managerial economics, similar comments apply. The course
399-420: A full academic year's work, a bachelor's degree typically requires 180–240 credits and a master's degree 90–120 credits. In France, those levels of study include various "parcours" or paths based on UE ( unités d'enseignement or modules), each worth a defined number of ECTS credits. Grande école business schools are elite academic institutions that admit students through an extremely competitive process, and
456-479: A greater background in Finance or Economics than the MSF. Some programs may require work experience (sometimes at the managerial level), particularly if the candidate lacks a relevant undergraduate degree. Although there is some overlap with an MBA , the finance Masters provides a broader and deeper exposure to finance, but more limited exposure to general management topics. Thus, the program focuses on finance and financial markets , while an MBA, by contrast,
513-515: A non- thesis degree. The MSF program, typically, prepares graduates for careers in corporate finance , investment banking and investment management. The core curriculum is thus focused on managerial finance , corporate finance and investment analysis . These topics are usually preceded by more fundamental coursework in economics , ( managerial ) accounting , and "quantitative methods" (usually time value of money and business statistics ). In many programs, these fundamental topics are
570-541: A premium rate for MBAs. All private and autonomous institutions in Europe charge tuition. In the United States, most public college and universities charge tuition. According to the CollegeBoard, the average cost for an out-of-state, or international student, to attend a public four year university in 2020 was $ 38,330 (€32,409), while the average in-state cost was $ 21,950 (€18,559). Two year public universities, such as
627-591: A prerequisite for admission or assumed as known, and if part of the curriculum, students with appropriate background may be exempt from these. The program usually concludes with coursework in advanced topics — where several areas are integrated or applied — such as portfolio management , financial modeling , mergers and acquisitions , real options , and lately Fintech ; in some programs quantitative finance , analytics, and managerial economics may also be offered as advanced courses. The M.Fin / MSc prepares graduates for more technical roles, and thus "focuses on
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#1732780974754684-652: A range of electives that cover the main areas of applied finance. There are three compulsory projects and one optional one, which help students to integrate theory and practice. The Master in Management is a one-year full-time, pre-experience postgraduate program designed for students who have not previously studied business or management and who wish to pursue a professional career in business. This program aims to admit and educate outstanding students, both academically and in terms of personality and maturity, who are likely to become leaders in their chosen fields. The core of
741-591: A significant percentage of the CFA Program "Candidate Body of Knowledge" into their degree programs; and the degree title may reflect this: "Master in Financial Analysis" or similar. In general though, the CFA program is focused on portfolio management and investment analysis , and provides more depth in these areas than the standard Finance Masters, whereas for other areas of finance the CFA coverage
798-573: A space that now contains a library, common room, seminar and teaching rooms, floating staircases and balconies, break-out boxes and the main hall. He also added three new buildings: CJBS provides Ph.D. and advanced master's degrees, such as an MPhil in Innovation Strategy and Organisation and an MPhil Strategy, Marketing and Operations. These courses have the highest entry requirements within the Judge Business School with
855-675: A variety of modules offered by the business school, the Faculty of Economics and the Math Faculty. The MPhil in Technology Policy is an intensive, nine-month masters programme designed for people with a background in science or engineering who are interested in developing the skills needed to meet the challenges of: integrating technology, management, economics and policy. The Master of Studies in Social Innovation
912-411: Is 29 and generally students come with extensive work experience. MBA students from Cambridge Judge Business School and Oxford's Saïd Business School maintain a friendly rivalry and have numerous opportunities throughout the year to meet for athletic events and business conferences. The Cambridge Master of Accounting is a part-time, two-year degree program in accounting and related fields. The curriculum
969-423: Is a part-time postgraduate program for practitioners in the business, public and social sectors. The Executive Education portfolio consists of over 20 open enrollment programs, typically two-day to three-week programs covering fundamental business management topics such as: finance, marketing, general management and strategy. These programs are taught by Cambridge Judge Business School faculty and academic staff from
1026-491: Is designed to accelerate students for leadership roles within current employment or help students transition to roles such as accounting firm partnership, CFO, Controller, financial leadership, market regulator, climate-related or social-related disclosure, and finance or accounting public policy. The MSt in Entrepreneurship is an academic program focused on developing impactful entrepreneurs. The School also offers
1083-646: Is designed to help students learn to make complex decisions in the face of ambiguity relying on knowledge of accounting standards, judgment, and discretion; formulate questions, gather data, apply statistical techniques, and persuasively communicate inferences; and to anticipate and incorporate innovation. The program is oriented towards leadership and change management, not technical professional certification. Core courses include data and descriptive analytics, policy discussion regarding audit practice, financial reporting, and sustainability reporting, and courses in change management and interpersonal dynamics. The Cambridge MAcc
1140-547: Is especially suitable for students intending to continue to a Ph.D. although the majority of graduates decides to work in the financial industry. Based on the number of applications, the MPhil Finance program is the most competitive degree offered by the whole of the University of Cambridge; applicants need the equivalent to a first class degree to even be considered. Students on the MPhil Finance program can choose from
1197-625: Is in less depth. Likewise, several programs have curricula aligned with the FRM / PRM , or the CAIA (note that the so-called " Indian C.F.A. " is, in fact, a master's degree). A further distinction — as regards all such designations — is that (most) Masters programs include practice on, for example, the Bloomberg Terminal , and in building advanced financial models , while "hands on" training of this sort will not (typically) be included in
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#17327809747541254-505: Is more diverse, covering general aspects of business , such as human resource management and operations management . At the same time, an MBA without a specialization in finance will not have covered many of the topics dealt with in the MSF (breadth), and, often even where there is specialization, those areas that are covered may be in less depth (certainly as regards the M.Fin). MBA candidates will sometimes "dual major" with an MBA/MSF — certain universities also offer this combination as
1311-742: Is often titled Master in Finance (M.Fin., MiF, MFin), or Master of Science in Finance (MSF in North America, and MSc in Finance in the UK and Europe). In the U.S. and Canada the program may be positioned as a professional degree . Particularly in Australia , the degree may be offered as a Master of Applied Finance (MAppFin). In some cases, the degree is offered as a Master of Management in Finance (MMF). More specifically focused and titled degrees are also offered. MSF and M.Fin / MSc programs differ as to career preparation and hence degree focus — with
1368-536: Is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more. Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching: When Harvard Business School started operating in 1908,
1425-421: Is taught to strengthen the theoretical underpin of the degree; however, since the emphasis is application, it is not developed.) At some universities, the more general Master of Applied Economics combines economic theory with selections from finance and data analytics. The Chartered Financial Analyst (CFA) designation is sometimes compared to a Masters in Finance. In fact, several universities have embedded
1482-502: Is the Tepper School of Business at Carnegie Mellon University . The goal is to provide students a set of tools that will prepare them to tackle and solve problems. Another important approach used in business school is the use of business games that are used in different disciplines such as business, economics, management, etc. Some colleges are blending many of these approaches throughout their degree programs, and even blending
1539-584: The "Cambridge Executive MBA" for those who have already reached a senior level in their organisations or professions, and are seeking to study part-time while maintaining their current role. As of 2017, the average age of students is 38, with around 14 years of working experience, who from a wide range of professional backgrounds. Currently, Khaled Soufani serves as the Director of the Cambridge Executive MBA programme. Kamiar Mohaddes serves as
1596-760: The MAppFin and the MFin, with the latter requiring additional semester-time and coursework (and exclusively offering doctoral access). These programs may also differ as to entrance requirements. Programs require a bachelor's degree for admission, but many do not require that the undergraduate major be in finance, economics, or even general business. The usual requirement is a sufficient level of numeracy, often including exposure to probability / statistics and calculus . The M.Fin and MSc will often require more advanced topics such as multivariate calculus , linear algebra and differential equations ; these may also require
1653-659: The MPhil in Management covers quantitative methods, accounting, organisational behavior and analysis and marketing (foundation); business economics, finance and strategy (consolidation), operations management and the Management Consulting Project (implementation). This is complemented by a range of electives aligned to potential careers in management. The MPhil Finance is a one-year postgraduate course in finance designed for people with no prior work experience. The program combines advanced study and research and
1710-497: The MSF advanced topics — such as real options and managerial economics — will thus also be offered, here differing as to a more technical orientation. As regards coverage of quantitative finance as compared to more specialized degrees, see below. Topics (or specializations ) in data science , machine learning and business analytics are becoming common. The MSF-M.Fin distinction is not absolute: some MSF programs, although general in coverage, are "quantitatively rigorous" or offer
1767-475: The MSF, while for the M.Fin / MSc the requirements may be identical. A Master of Financial Economics focuses on theoretical finance, and on developing models and theory. The overlap with the M.Fin / MSc, then, as with the MQF, is often substantial. As regards the MSF, on the other hand, although the two programs do differ in the weight assigned to theory, there is some overlap: firstly, some MSF curricula do include
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1824-538: The MSF-M.Fin spectrum in terms of available specializations and corresponding coursework; it differs in that it is "for and by practitioners" and therefore "blends... finance theory with industry practice", as appropriate to the specialization. Similar to the MSc, programs are sometimes specifically focused on Financial Planning or Banking, for example, as opposed to more general coverage of finance. Some universities offer both
1881-605: The Monument Trust, provided the funds for the construction of a building for the newly formed business school. Architect John Outram was appointed to the project, which was completed in August 1995 and officially opened by Queen Elizabeth II . Prior to the founding of the business school, management studies had been taught at the university since 1954. In September 2005, the Judge Institute of Management Studies
1938-452: The PGE ( Programme Grande École ) ends with the degree of Master in Management (MiM). Some business schools structure their teaching around the use of case studies (i.e. the case method ). Case studies have been used in graduate and undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information
1995-399: The UK for business and management studies. [REDACTED] Media related to Cambridge Judge Business School at Wikimedia Commons Business school There are several forms of business schools, including a school of business, business administration, and management. Andreas Kaplan classifies business schools along four corners: The first business schools appeared in Europe in
2052-718: The United States: ACBSP , AACSB , and the IACBE . In Europe , the EQUIS business school accreditation system is run by the EFMD , which sometimes applies the more narrow EPAS label to specific courses. The AMBA accredits MBA programmes and other post-graduate business programmes in 75 countries; its sister organisation the Business Graduates Association (BGA), accredits business schools, based on
2109-418: The controversy that surrounds the learning method. There are also several business schools which still rely on the lecture method to give students a basic business education. Lectures are generally given from the professor's point of view, and rarely require interaction from the students unless notetaking is required. Lecture as a method of teaching in business schools has been criticized by experts for reducing
2166-759: The degree as a whole focused on, for example, financial management, behavioral finance , Islamic finance , personal finance / financial planning , or wealth management . As mentioned, these degrees may be specifically titled, e.g.: MSc in Investment Management, Master of Financial Planning, MSc Financial Management, Masters in Corporate Finance, and MS in Fintech . ERM and Applied Risk Management degrees may be offered here, while more technical / mathematical programs are usually through an MQF or similar; see below. The MAppFin spans
2223-692: The eighteenth century and multiplied from the beginning of the nineteenth century. In the United States, common degrees in business are: Graduates in business may also have generically titled degrees such as Bachelor of Science (BS), Master of Science (MS) or Doctor of Philosophy (PhD). In Europe, higher education degrees are organized into three cycles under the Bologna Process in order to facilitate international mobility: bachelor's , master's and doctorates . The details of how degrees are organized vary between countries and institutions, but in terms of ECTS credits , where 60 credits represents
2280-519: The faculty realized that there were no textbooks suitable for a graduate program in business. Their first solution to this problem involved interviewing leading practitioners of business and writing detailed accounts of what these managers were doing, based partly on the case method already in use at Harvard Law School . Of course, the professors could not present these cases as practices to be emulated, because there were no criteria available for determining what would succeed and what would not succeed. So
2337-461: The former centered on financial management and investment management , and the latter on more technical roles (although, see below for further discussion as to this distinction). Both degree types, though, emphasize quantitative topics, and may also offer some non-quantitative elective coursework, such as corporate governance , business ethics and business strategy . Programs generally require one to two years of study, and are often offered as
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2394-669: The impact they make on students, employers and the wider community and society, in terms of ethics and responsible management practices. Triple accreditation is used to indicate that a school has been accredited by these three bodies: AACSB, AMBA, and EQUIS. About 1% of business schools are triple-accredited. Each year, organizations and publications such as Bloomberg Businessweek (US), Corporate Knights (Canada), Eduniversal (France), Financial Times (UK) and Quacquarelli Symonds (UK) publish rankings of business schools and MBA programs that, while sometimes controversial in their methodologies, nevertheless can directly influence
2451-484: The incentive and individualism in the learning experience. In addition to teaching students, many business schools run Executive Education programs. These may be either open programs or company-specific programs. Executives may also acquire an MBA title in an Executive MBA program within university of business or from top ranked business schools. Many business schools seek close co-operation with business. There are three main accreditation agencies for business schools in
2508-421: The latter Master of Commerce is often theory-centric, placing less emphasis on practice; at the same time, notwithstanding its foundational courses in business, it often shares the same electives as the MFin. As above, some MSF and all M.Fin programs overlap with degrees in financial engineering , computational finance and mathematical finance ; see Master of Quantitative Finance (MQF). Note, however, that
2565-526: The level of education pursued, from €183 (US $ 216) per year for undergraduate and up to €388 (US$ 459) for doctorates. Tuition fees in the United Kingdom were introduced in 1998 and are £9,250 annually for undergraduate courses for home students in England, with higher fees for students who are not domiciled in the UK. Postgraduate courses in the UK often have higher fees, and many universities charge
2622-508: The lowest acceptance rates of less than 10%. All students on the research programs have received either first class honours or a 4.0 GPA for their undergraduate studies. The Business Doctorate (BusD) is a four-year full-time research-based doctorate for senior business leaders with at least 20 years of professional experience. To date, only five persons have enrolled or graduated from the program, including Lord Karan Bilimoria . The degree costs £230,000 in tuition in its entirety, making it one of
2679-561: The method of delivery for each of these approaches. A study from by Inside Higher Ed and the Babson Survey Research Group shows that there is still disagreement as to the effectiveness of the approaches but the reach and accessibility is proving to be more and more appealing. Liberal arts colleges in the United States like New England College , Wesleyan University , and Bryn Mawr College are now offering complete online degrees in many business curricula despite
2736-414: The most expensive degree programs in the world. The full-time Cambridge MBA is the flagship MBA program of the university. As of 2022, there are 210 students attending the 12-month program, of which 96% come from outside of the UK, and 47% of students are women. Admissions standards are high, with an average Graduate Management Admission Test score of 680. The average age of students on the full-time MBA
2793-435: The other hand, cover these topics in a substantively mathematical fashion, and the treatment is often identical. The distinction here though, is that these place relatively more emphasis on financial theory than the MQF, and also allow for electives outside of quantitative finance; at the same time, their range of quantitative electives is often smaller. Entrance requirements to the MQF are significantly more mathematical than for
2850-414: The prestige of schools that achieve high scores. Academic research is also considered to be an important feature and popular way to gauge the prestige of business schools. Business schools share the common purpose of developing global managerial talent and to this end, business schools are encouraged to accelerate global engagement strategies on the foundations of collaboration and innovation. In Europe,
2907-608: The professors instructed their students to read the cases and to come to class prepared to discuss the cases and to offer recommendations for appropriate courses of action. The basic outlines of this method still operate in business-school curricula as of 2016 . In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research , management information systems , statistics , organizational behavior, modeling and simulation , and decision science . The leading institution in this method
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#17327809747542964-431: The programme's Deputy Director. The Master of Finance is a one-year specialist finance course designed for people with at least two years' experience in the finance and banking world who wish to accelerate their career in finance. The course is designed to give students a rigorous grounding in the theory and practice of finance. It combines a set of core courses that provide the theoretical and statistical foundations for
3021-411: The theory and practice of finance" with a "strong emphasis on financial economics in addition to financial engineering and computational methods ." The MSF core topics are (often) also covered, although in (substantially) less detail. Elective work includes specific topics in quantitative finance and computational finance , but also in corporate finance , private equity and the like; several of
3078-424: The treatment of any common topics — usually financial modeling , derivatives and risk management — will differ as to level of detail and approach. The MSF deals with these topics conceptually, as opposed to technically, and the overlap is therefore slight: although practical, these topics are too technical for a generalist finance degree, and the exposure will be limited to the generalist level. The M.Fin / MSc, on
3135-697: The university's technology transfer office. The School is situated on the site of the Old Addenbrooke's Site on Trumpington Street , near the Fitzwilliam Museum . The building was converted by John Outram , and in 2018, a new adjacent building was opened to host classes and executive education activity: the Simon Sainsbury Centre. The School was established in 1990 as the Judge Institute for Management Studies. In 1991, donations from Sir Paul and Lady Judge , together with
3192-436: The wider University of Cambridge community. Cambridge Judge Business School also offers custom programs which are tailored to the specific learning and development requirements of an organisation. Programs are delivered internationally in areas such as leadership, strategy and finance. In the most recent Research Excellence Framework conducted in 2021, the Judge Business School was ranked the number one research department in
3249-477: Was renamed as the Judge Business School. It then adopted the title Cambridge Judge Business School during 2010, and revised its logo to read "University of Cambridge Judge Business School" rather than "Cambridge Judge Business School" in November 2010. Benefactor Sir Paul Judge died in 2017. John Outram converted the listed ward blocks and arcades of the old hospital building, and rebuilt the central block into
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