Degree Overview: Master’s Degree Program in Banking and Finance
Majors Overview May 11, 2015Finance and banking are the subjects of many graduate degree programs. Master’s degree programs in international economics will give students a broad overview of financial practices and the world economy. Topics such as financial theory and global trade law will help students be ready for global business careers. Get information about master’s degree programs in banking and finance and their education requirements, coursework, job and wage outlook, and continuing education choices.
Information on Banking and Finance Programs
Students enrolled in international economics graduate degree programs are trained to seek employment with governmental organizations, non-profits, and for-profit businesses. Over the duration of a master’s degree program in international economics, students thoroughly investigate principles, theories, and current trends relating to global finance and economic aspects.
Students aiming at deconstruction, evaluation, and forecast in the global economy examine and study economic theory and analysis. Coursework covers issues specific to global economics such as working with developing nations and trade laws. In many schools, students can avail study abroad opportunities. Students typically take two years to complete these master’s programs.
Education Requirements
Admission criteria typically require incoming students to hold a bachelor’s degree. Schools often require applicants to have completed prior coursework in statistics, macroeconomics, and microeconomics. While few programs, if any, require incoming students to have prior professional experience in a position that involves practical global economics experience, preference for admission is given at some schools to such applicants.
Coursework
Coursework in a master’s program in international economics is devised to hone advanced skills in areas of global economic theory and practices. Core coursework may commonly include topic areas such as the following:
•Economic growth in developing nations
•International business management
•Econometric theory
•International macroeconomic analysis
•Global trade theory
•Advanced financial theory
•Global monetary institutions
Job and Wage Outlook
In May 2012, economists brought in an average annual wage of $91,860 (U.S. Bureau of Labor Statistics). Over the 2012 – 2022 decade, a job growth of fourteen percent has been predicted for these professionals (BLS). Over the same decade, financial examination jobs are expected to see a six percent growth, with financial examiners earning $75,800 on average per annum in 2012.
Continuing Education Choices
Graduates of the master’s degree program may seek continuing education by earning a doctorate in global economics. While entry-level positions may be available to holders of a bachelor’s degree, employers for more advanced roles prefer candidates that hold a master’s degree, and employers for top jobs may seek holders of a Ph.D. Those seeking careers in college-level academia or research may also need a Ph.D.
