Clearly earning more income is one of the core reasons working students gravitate towards the MBA. It prepares students to function at executive levels of management by providing formal related training. That in turn increases a candidate's chance to get promoted into an executive salary.
However, combining a Finance and Technology MBA also provides you the ability to enhance your career knowledge in a hybrid area that is increasing in demand for today's business. The fact is, most large corporations have to manage data to make decisions. Efficiencies are won or lost on the processes used to create, work with and rely on databases.
A combined MBA in fiscal and computer-related disciplines can open the door for different career paths. Many students in their college years stick with the tried and true of business, accounting and finance. However, this choice then locks them into just those disciplines. Management opportunities may rely on those areas, but good candidates also need to have a programmatic background in the business itself. Picking up information technology training via an MBA can allow career choices that would otherwise not be available to a candidate without such a degree.
If you're thinking about developing a new venture that is Internet-based, achieving a combo-MBA in Finance and Tech is a great background to have. You're going to need to know both, and MBA programs are usually designed to help train students who may not have had a heavy business education prior. This is a handy approach for programmers and network engineers who may know computers very well, but not much on how to run a business and basic accounting. The language of any business is money and finance, so it is critical to be able to understand this topic before getting into a new venture.
You may be the best IT or accounting analyst in your shop, but do you know how to think like a manager? More often than not, many workplaces do not provide any formal training to develop future managers either for first line or executive positions. Employees are expected to gain that education themselves. The MBA is the standard formal approach for this need, and a combo MBA in Technology and Finance trains you to think like a manager in the two bread and butter areas of most big corporations. The tools you can gain from such a program are the same you would learn by experience over 20 or so years, and by making mistakes. Fortunately, you can do it in two years with a degree, and with no mistakes.
There are a lot of business managers and IT engineers, but there are very few managers who can bridge both fields effortlessly. This niche can be very lucrative in today's technology and e-commerce world. Most businesses have to wait for their managers to develop the right skills. As a result, many would be interested in immediately hiring someone with the combined skill-set and ready hit the ground running.
Adding an additional discipline will always add more time requirements to a degree schedule, mainly because many of the classes are sequential in nature. At best a second discipline could add a year of study in total. MBA programs are already accelerated since they are designed for working professionals. With the right planning and foresight, students can map out the classes they need at the right time they are offered, ensuring that each requirement is met for a timely graduation.