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Masters in Financial Economics is a degree that is appropriate for some of the fastest-growing careers today. This is a program that prepares students for highly lucrative and challenging jobs in banking, finance and asset management companies. These include investment banking, financial markets, economic forecasting and financial management. Employers these days tend to hire candidates who possess vital quantitative and analytical skills.

The markets and finance are growing ever more complicated. There has even been an advent of new and different types of currencies, which has given rise to various challenges in the foreign exchange industry. In the modern-day world, financial economics focuses on matters related to corporate finance, asset pricing and also stock and foreign exchange markets.

What is financial economics?

Financial economics is the study of economics that focuses entirely on monetary transactions. Other than monetary transactions, it also focuses on time, uncertainty, options and information. Financial economists are the ones who try to determine the fair value of the assets. They do this by evaluating all the relevant data points.

They also try to anticipate the events that might introduce uncertainty, which would again impact the risk associated with a particular transaction. This is a subject that is similar to quantitative finance and financial engineering. This is highly quantitative and involves the aggregation of a massive amount of data. There is also an involvement of complex mathematics and empirical models to predict the likelihood of specific outcomes.

Who is a suitable candidate for a Master’s in Financial Economics?

If you are interested in doing a Master’s degree in economics, you need have studied courses like microeconomics, economic statistics, macroeconomics, probability, calculus and computer programming at the undergraduate level. Economics, mathematics, engineering and science graduates usually opt for this program. You are generally required to take GRE or GMAT for getting into reputed universities to pursue this course.

What you can do with a Master’s in Financial Economics?

Financial economics majors usually work as equity research analyst, financial analyst, quantitative analyst, policy analyst, research analyst, securities analyst, asset manager, corporate finance manager and others.

MS in Financial Economics prepares the students for a career in commercial banking, asset management, investment banking, credit management, arbitrage, healthcare, public policy, real estate, technology and other sectors.

Where can you pursue an MS in Financial Economics?

Aside from the Ivy Leagues that hold sway over others in this field, these are the universities in US, Canada, Europe & Singapore where you can pursue a Masters in Financial Economics:

  • London School of Economics
  • University of Birmingham
  • Singapore Management University
  • National University of Singapore
  • HEC Paris School of Management
  • University of Greenwich
  • University of Leicester
  • University of Toronto
  • New York University
  • Duke University
  • Northwestern University

Careers you can opt for after the completion of an MS in Financial Economics

The employment options that are open to you after the completion of MS in Financial Economics are:

1. Management analyst

They act as consultants to help businesses minimize costs and improve profits. They conduct proper research and analyze the data to advise clients about the most appropriate decision-making strategies. Candidates who are in this position need to have adequate knowledge and skills in financial management and also strategic planning.

2. Financial examiner

They perform evaluations on financial reports and statements. They will ensure that companies are in complete compliance with federal laws and regulations. Masters in Financial Economics will prepare the individuals very well for this examination.

3. Budget analyst

Budget analysts work together with program managers. They analyze the budget and prepare financial statements of the organization. They also track budget reports and make the necessary recommendations on the complex fiscal matters, including reviewing and editing the proposals. After completion of Masters in Financial Economics, individuals pursue courses on accounting, strategic analysis, etc., as these are essential to have a career as a budget analyst.

4. Personal financial adviser

Personal financial advisers might work with one company or act as a consultant to several clients. They are the ones to provide advice on different matters related to insurance, investments and tax planning.

5. Financial analyst

Financial analysts assist clients and help them find out various ways to capitalize lucrative economic opportunities. If you know how to interpret and compare data, then you will be able to get a job as a financial analyst. Financial economics graduates often analyze the data and make financial decisions on their employers’ behalf.

Most employers need individuals who possess expert skills in economics. Therefore, a candidate who has completed his MS in Financial Economics does have some brilliant career options. All you have to do is to ace the GRE/GMAT, build your profile and target the right set of universities. We, at Jamboree, specialize in helping students reach their dream study destination. Connect with us for a 15-minute free counseling session now and we will answer all your questions regarding this program.

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