Transcript
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Thank you for joining us for Ohio
University’s online webinar we will be
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discussing the online Masters of
Business Administration program with a
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specific focus on the finance
concentration the purpose of this
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webinar is to share insights into the
MBA program and the finance
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concentration regarding curriculum job
opportunities and the like if you’ve
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previously watched another concentration
video please use the feature on the side
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of your screen to get to skip ahead to
our finance faculty member and specifics
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about the finance concentration along
with hearing directly from the finance
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professor on today’s webinar this
webinar will also be discussing Ohio
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University’s background as well as that
of the College of Business the overall
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MBA program and the curriculum this
webinar will be focusing on the
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descriptions and learning outcomes for
the finance curriculum help you
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determine if this is the best fit for
your needs at the end of the
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presentation I will also be covering the
online admissions criteria for further
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understanding of MBA expectations okay
let’s introduce you to today’s speaker I
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have with me Dr. Sinan Gokkaya he is
currently a now you faculty member with
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our finance concentration thank you so
much for joining us today
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Dr. Sinan can you provide us a little
bit more information about your
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background and your time with the
University?
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of course Brittany I’m JP Morgan Chase
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Professor of finance at the
College of Business I’ve been here for
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six years now prior to entering academic
sighted project management on the
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corporate side I was an engineer and
then I switched to business with no
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business background actually and I got
my MBA I focused on finance decide to
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get my PhD worked on investment banking
projects and right now I’m very actively
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involved in investment and wealth
management and financial advising
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projects I’m also very involved in the
MBA program I teach the managerial
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finance club that’s our core finance
class for all the MBA students as you
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can see I’ve been very fortunate to
publish my work in various journals and
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also some of my work got media features
including the Wall Street Journal and
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the CFA I was able to present at the feds the
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ACC London School of Economics and those goes on the bottom line we’re extremely
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practitioner oriented here and while we
do teaching also are you teaching we do
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try to incorporate as much real-world
activities as possible
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thank you Sinan for that information now
I want to briefly cover some information
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about the institution Ohio University is
the prestigious institution with a long
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history of success as the ninth oldest
public university in the United States
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Ohio University was established in 1804
and has a wide array of alumni spanning
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more than 200,000 strong the university
is fully accredited and recognized for
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quality by the Higher Learning
Commission North Central Association of
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colleges and schools and the College of
Business itself
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housing the online MBA program is
accredited by the Association to Advance
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Collegiate Schools of Business
better known as the AACSB this does the
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nation is held by only the top 5% of
Business School’s worldwide so now a
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little bit more on the College of
Business specifically the College of
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Business for the Ohio University houses
a strong caliber and quality of faculty
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with more than 80 percent holding
terminal degrees in their field this
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means that a large quantity of your
faculty hold either a doctorate or a
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doctorate of business or a juris
doctorate degree
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all of your faculty members however are
active industry practitioners and bring
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new light to the MBA program through
active real-world current knowledge of
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the industry the College of Business is
consistently ranks amongst the top
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business goals for quality and value as
it is a Tier one institution as noted by
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the US News and World Report’s among the
various accomplishments in titles the
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MBA program is also recognized by Forbes
for best value MBA meaning the quality
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of education received in this program
outweighs the expected total cost and
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several other publications in Ohio
University’s MBA program and College of
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Business specifically to be within the
best online programs and best public and
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private business universities the online
MBA is a comprehensive and rigorous
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program with an emphasis on strategic
leadership and professional development
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the program incorporates hands-on
leadership and training opportunities in
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addition to the real world approach to
the curriculum so it’s structured to
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resemble the development and deployment
of a strategic business plan both
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online and through our on-site
leadership development program the
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online platform is meant for the working
professional so it’s flexible for the
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user while also providing opportunities
to connect with professors and peers
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throughout the program while also
maintaining a full time working schedule
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along with the importance of the online
platform blackboard the program offers
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an integrative support system for all
students to assist with heavy demands on
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full time schedule and part-time
educational schedule Ohio University’s
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MBA program online is housed on the
concept of student-centered learning as
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such the University offers you
connection with enrollment advisors
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student advisors faculty and your fellow
students as a support system to ensure
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success in the end the online program
offers students the opportunity to
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graduate with their MBA from a highly
affordable top-ranked business school in
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less than two years
once again the curriculum was designed
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with full-time working professionals in
mind completed on a part-time schedule
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the online mba program can be completed
in as few as two years or six total
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semesters each semester comprises two
terms at 7 weeks each therefore while
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you register for two courses per
semester you’re only completing one
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course at a time with a total of 35
credits to complete the MBA program
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includes nine core classes for a total
of 26 credits and three concentration
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courses for an additional nine credits
while your core courses will cover a
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variety of business related topics your
concentration courses will be specific
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to your selection of finance business
analytics health care or executive
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management once in the program students
are required to select a concentration
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of interest while I will let Dr. Gokkaya
discuss the finance concentration
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specifically it is important to note
that the program offers alternate
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concentration options in healthcare
executive management or business
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analytics if you’re still trying to
determine the better option for your
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needs after this webinar I do encourage
you to review all similar concentration
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webinars listed on the side of your
screen for a better understanding of
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each now we’ll turn it over to Sinan
for more information about finance
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everyone thank you so much for being
with me again
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I teach the managerial finance class
which is a cool club for old avh
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students one year under the finance
concentration there’s going to be also
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three additional coursework for you
first one is going to be the financial
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markets and institutions this course is
going to go over the structure of the
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financial markets and institutions we’re
going to be studying the financial
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systems along with the recent financial
crisis of 2008 we’re going to get into
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specifics such as the interest rate
determinations the fixed income
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instruments the term structure of the
interest rates the bond markets the
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stock and the option markets and the
currency markets the bottom line by the
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end of this course you’re going to be
able to address specific questions
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regarding the broad financial systems
along with the different financial
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instruments markets and institutions
next class you were taken under finance
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concentration is going to be MBA six
three five five that’s been asking for
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us this class typically covers the
principles used by the stock investors
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to identify and evaluate the various
investment alternatives when you’re
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trying to form investment decisions
you’re going to you’re going to have a
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grasp on the relationship between the
risk and the return along with portfolio
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theory how we identify and evaluate the
portfolio performance and how we value
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the stocks and the very last clause
under the finance concentration is going
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to be advanced corporate finance this is
where we study the complex decisions
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made by the financial managers and our
operations in the corporate America side
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and we’re going to try to get involved
in the process of making those decisions
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we’ll be covering some advanced
corporate finance topics as the name
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suggests we’re going to start with the
corporal structural theory will be doing
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dividend policy long-term financing
issues of stocks and that the finance or
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operations will begin operations and
risk management at the firm in the
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project level we’ll be looking at large
investments such as merger and
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acquisitions and we’ll be combining a
lot of real world examples from the Wall
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Street Journal and the recent academic
articles while we’re trying to
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accomplish these learning objectives
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finance concentration is for someone
with their business backgrounds also for
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people without in a business background
I personally did not have any business
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background before I got my MBA I was an
engineer and I did benefit dramatically
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out of the MBA especially the finance
concentration if you wanted to seek a
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profession in the financial services and
investment in asset and wealth
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management and the non banking sectors
this is also a great fit to be more
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specific if you want to be in the
investment side such as trying to the
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investment and walk management stock
analysis or fix income analysis if you
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want to do institutional sales and
trading to deal with the institutional
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customers also corporate middle-market
and medicine banking along with the
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corporate valuation I believe that the
finance concentration is that they’re
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good fit for you and also if you don’t
want to look for a financial institution
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more beyond the corporate side doing
such as periodic financial reports
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analyze the financial operations doing
budget them financial forecast at the
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firm and the project level if you want
to do daily cash in treasury management
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risk assessment risk management along
with the regulatory and financial
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reporting for for-profit and nonprofit
companies I believe that the finance
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concentration is a very good fit for you
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here I wanted to list the jobs you can
potentially pursue while and after
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you’re done with your funniest
concentration like I said there are a
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lot of jobs out there in the banking and
the non banking sector so I wanted to
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break it down for you if you wanted to
work in the banking in the financial
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institution sector you’ll be getting a
lot of background information in our
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investments and financial markets and
institutions course under the finance
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concentration some
the jobs the typical jobs this didn’t
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get place into is going to be a security
and financial analyst this can be on the
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stock or the fixed income side you
typically start is an associate then you
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go up to the analyst level then to the
VP and ultimately the managing director
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level if you want to do more of the
banking side where you get to help firms
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finance their operations you can do
corporate or Messing banking similar to
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the analyst jobs the financial analyst
job you start as an associate again the
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corporate ladder is similar to the
analyst VPN managing director again with
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the institutional sale than the trading
side if you do institutional trading
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side you’ll be trying to execute the
trades of institutions on your trading
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desk as effectively as possible if
you’re on the institutional sales side
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you’re going to try to sell your
financial products to big institutional
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investors so that you can put their
money to use if you want to do
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institutional asset or wealth management
if you want to do a personal financial
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advising or planning or portfolio
management there also there may be a lot
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of jobs available for you if you want to
focus on the corporate side in order
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corporate American side you will see
that there are going to be a lot of jobs
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available for you under the budget and
operations animal is in the corporate
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controller typically the progress under
this profession is going to be up to the
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finance officer the financial manager
level that you’re going to try to go up
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a director to VP and hopefully one day
is the CFO if you want to get more
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involved in the daily operations of a
given firm to do liquidity management
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you can try to look for jobs under
Treasury cash management as an analyst
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or it’s a director down the road if you
want to do more of the risk assessment
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of given projects you can try to pursue
jobs on the credit and risk management
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analyst and finally as we all know the
global markets are integrated
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and the suppliers of most firms are
going to be from overseas so if you want
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to do some children see hedging try to
do risk analysis under that routes you
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can try to look for a job under
international and global find it okay
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wonderful thank you again Dr. Gokkaya
for helping us today we’re going to run
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through a few commonly asked questions
about our mba finance concentration so
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to start are there any benefits to
earning an MBA finance concentration
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degree over another specific type of
finance program?
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I believe there are
0:13:59.360,0:14:04.880
several benefits and keep in mind that
I’m very passionate about my field so I
0:14:04.880,0:14:09.589
may be biased a little bit so the first
benefit I see is the job satisfaction
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rate it’s typically very high if you
will get the surveys the second most
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important benefits means that if you
look at the job outlook over 2016 to
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2026 by BLS the govt you will see that
the growth expectation for financial
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professions is around 12 to 15 percent
while the average growth expectation for
0:14:34.670,0:14:41.180
a business job is around 6% so we are
way above the average next I believe
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that there are a lot of employment
opportunities not only in financial
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institutions and banks but also in
corporate America nonprofit nonprofit
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organization and the government agencies
and last but not the least of course for
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more students will be very interested to
hear – the average salary expectation
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when you start is going to be their high
that makes a really good fit with more
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students perfect I know a lot of
students are actually looking into that
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a lot so thank you are you requested our
next question is regarding the finance
0:15:18.500,0:15:23.149
concentration considering the fact that
an MBA is so broad in nature what type
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of areas are of the financial industry
are covered within the finance
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concentration?
0:15:29.560,0:15:32.420
of course we have a core
coursework in our MBA program that I
0:15:32.420,0:15:36.360
teach is the managerial finance that’s
going to give an intro
0:15:36.360,0:15:41.839
to define and feel to when you start
taking the course Oregon or defiance
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concentration you will get a good grasp
of the advanced knowledge and
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investments financial markets and
institutions in the corporate markets
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and those coursework is going to cover
most of the knowledge you need to have
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for the financial industry perfect and
then so when looking at the
0:16:02.880,0:16:07.050
concentration would you say that this is
a good concentration for somebody who
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works or is looking to work in the
corporate finance field?
0:16:11.540,0:16:16.230
absolutely you will need to have an extensive
background in all fields of finance if
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you want to be successful in corporate
finance and will be teaching you debt
0:16:20.730,0:16:26.640
under the finance concentration that’s
definitely good to know so then another
0:16:26.640,0:16:29.880
question for you is a lot of students
are coming from a different background
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do you think it’s necessary for somebody
who’s interested in the finance
0:16:33.870,0:16:37.458
concentration to have a financial
background?
0:16:37.458,0:16:39.690
as someone who used to be an
0:16:39.690,0:16:45.720
engineer and did project management when
I started my MBA I did not have any
0:16:45.720,0:16:51.089
business background and I did benefit so
much from it so I personally believe
0:16:51.089,0:16:58.140
that the finance concentration is going
to benefit business non-business non
0:16:58.140,0:17:03.390
finance students equally that’s great to
hear
0:17:03.390,0:17:06.419
especially coming from those students
who have a different background that’s
0:17:06.419,0:17:10.919
going to be a great knowledge for them
so before we let you go here one final
0:17:10.919,0:17:16.049
question what is your advice for a
future mba finance students?
0:17:16.049,0:17:21.720
so I strongly believe that as soon as the
students start the MBA program and start
0:17:21.720,0:17:26.640
taking coursework under the finance
concentration they start doing some
0:17:26.640,0:17:32.880
search about the path the career path
they want to follow and start looking
0:17:32.880,0:17:37.440
for jobs and while looking for jobs
they’re also going to see that most of
0:17:37.440,0:17:42.750
the major financial institutions and
bulge bracket banks they even offer very
0:17:42.750,0:17:50.120
high paid internships just specifically
to MBAs with the finance concentration
0:17:50.120,0:17:54.650
believe that the earlier you start this
process the more you’re going to get out
0:17:54.650,0:17:58.970
of the program and the better you’re
going to place once you’re done with
0:17:58.970,0:18:02.980
your MBA with finance concentration
0:18:03.010,0:18:07.460
thank you so much and thank you once
again for joining us today Dr. Gokkaya
0:18:07.460,0:18:11.660
we really appreciate your your knowledge
on the subject and for being such a good
0:18:11.660,0:18:16.130
example for our students thank you again
for being here thank you very much for
0:18:16.130,0:18:23.390
having me over and I really enjoyed my
time thank you very much now that you’ve
0:18:23.390,0:18:26.660
had the opportunity to learn more about
the program and hopefully determine
0:18:26.660,0:18:29.929
whether or not it will fit your needs
let’s learn a little bit more about the
0:18:29.929,0:18:33.740
applicant and student expects
expectations in order to be considered
0:18:33.740,0:18:37.370
for admission to the online program it
is recommended that all applicants have
0:18:37.370,0:18:41.540
conferred and accredited bachelor’s
degree or the higher with at least a 3.0
0:18:41.540,0:18:45.710
GPA and since the program is meant for
those in the industry we also require a
0:18:45.710,0:18:49.760
minimum of two to five years of
professional work experience progressive
0:18:49.760,0:18:53.570
as possible and more is always accepted
I also want to note that the program
0:18:53.570,0:18:57.260
does not require GMAT or GRE scores and
the program will not accept transfer
0:18:57.260,0:19:00.800
credits if you’re uncertain of how you
might meet the requirements we do
0:19:00.800,0:19:04.820
encourage you to contact your a moment
advisor for assistance once ready to
0:19:04.820,0:19:08.090
apply to complete an online application
you will need to provide us with
0:19:08.090,0:19:13.040
transcripts form all previously attended
institutions an updated resume or CV
0:19:13.040,0:19:16.880
three letters of recommendation with at
least one from your current supervisor
0:19:16.880,0:19:20.960
if possible and a personal statement of
goals explaining your career objectives
0:19:20.960,0:19:24.800
and interest in the program the online
application fee is paid at the end and
0:19:24.800,0:19:29.179
will be $50 an important topic when
selecting any graduate degree option as
0:19:29.179,0:19:33.620
well will be tuition the online MBA
program is financial aid eligible and
0:19:33.620,0:19:36.920
the tuition cost per credit hour is one
thousand and four dollars for Ohio
0:19:36.920,0:19:41.090
residents one thousand twenty three
dollars for non Ohio residents and with
0:19:41.090,0:19:44.660
an overall estimated tuition cost of
thirty five thousand one hundred and
0:19:44.660,0:19:48.559
forty dollars for Ohio residents and
thirty five thousand eight hundred five
0:19:48.559,0:19:53.450
dollars for not in Ohio residents I want
to thank you once again for watching our
0:19:53.450,0:19:56.780
finance concentration webinar and taking
the time to learn more about your
0:19:56.780,0:20:00.679
graduate options you are encouraged to
use all the resources available to you
0:20:00.679,0:20:03.100
on your screen to speak to within a
moment advice
0:20:03.100,0:20:06.909
watch other concentration and webinar
videos and begin the admissions process
0:20:06.909,0:20:11.200
we are now accepting applications for
the next term of enrollment so thank you
0:20:11.200,0:20:14.950
again and on behalf of all enrollment
advisors for Ohio University’s online
0:20:14.950,0:20:20.220
MBA program we look forward to assisting
you with your entrance