Degree Overview: Master of Science (M.S.) Degree in Banking & Financial Services Management
Majors Overview May 30, 2015Get information about Master of Science (M.S.) degree programs in Banking & Financial Services Management and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Science (M.S.) Programs in Banking & Financial Services Management
Students enrolled in a Master of Science (M.S.) degree program in Banking & Financial Services Management get training on the practices of general management typically employed in the financial sector. Students learn about global markets, financial services, and corporate finance. They get an understanding of how corporate and consumer economics are affected by the Internet. Undergraduate education is a requirement in these degree programs that students usually complete within two years.
Education Requirements
Admission criteria typically require incoming students to hold a bachelor’s degree. Although schools don’t insist on a business major, students may need to complete necessary prerequisite courses in marketing, management, and economics, in addition to meeting the minimum GPA standard, and submitting transcripts. The Graduate Record Examination (GRE) may also be expected to have been taken by applicants at some schools.
Coursework
Coursework is devised to teach students about the complexities of a dynamic economic market and explore the ways in which the banking industry impacts federal loan rates and government policy. Core coursework may cover topic areas such as:
•Electronic commerce
•Marketing management
•Operations management
•Portfolio management
•Business economics
•Financial management
•Financial accounting
•Investment analysis
•Financial markets
•Project management
Career Choices
Program graduates can seek to become finance specialists and work in a global economy, managing at both the corporate and the consumer levels. Their interpersonal and financial skills may be employed by these graduates to work for insurance agencies, banks, government financial agencies, and savings and loan companies. They may aspire for possible job titles such as:
•Bank manager
•Banking consultant
•Investment advisor
•Financial analyst
•Corporate economist
Job and Wage Outlook
Over the 2012 – 2022 decade, a faster-than-average growth rate of 16% has been projected for financial analysts (U.S. Bureau of Labor Statistics). In May 2014, these analysts brought in an average annual wage of $92,250. During 2012 – 2022, financial managers are expected to see an average growth of 9%. In May 2014, these managers earned an average annual wage of $130,230 (BLS).
Continuing Education Choices
Program graduates may pursue continued education by earning a Ph.D. in fields such as finance, banking, and management. Alternatively, they may choose to earn a post-graduate certificate in international business, economics, electronic commerce, management, and finance.
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