Masters Degree Program in Finance

A Masters degree program in finance is a postgraduate program that imparts knowledge financial markets analysis, financial modeling and financial management. This program is designed to prepare students for careers in financial analysis, investment management and corporate finance.

Masters Degree Program in Finance – Core Courses

The core curriculum of a Masters degree program in finance is focused on economics, accounting and quantitative methods. The core courses are:

Economics – this covers the micro and macro perspectives of an economy.

Investments – understanding the types of investments is important for the proper management of company funds.

International Finance – this gives students an insight into the international practices in financial markets.

Planning and Forecasting Methods – this covers quantitative methods for determining the time value of investments as well as introductory statistics.

Accounting – this helps students understand regulatory practices.

Masters Degree Program in Finance – Career Prospects

The US Bureau of Labor Statistics (BLS) predicts a significant rise in jobs for students with a Masters degree in finance in 2006-2016.

Personal financial advisors should see 37 percent growth

Accountants and auditors should see 18 percent growth

Graduates with a Masters degree in finance may start their careers with investment banks and earn an average of between $35,000 and $50,000 per annum. In May 2006, the US Bureau of Labor Statistics estimated that financial managers earned a median salary of $90,970. Professionals with a Masters degree in finance get promoted as partners and earn more than $100,000. In 2007, Robert Half International, a global staffing services firm, reported that accounting and finance professionals earn an average of between $79,000 and $184,000.

Students can pursue the following popular careers after completing a Masters degree program in finance:

Accountant and auditor

Financial advisor or manger

Investment banker

Investment analyst

Financial consultant

Masters Degree Program in Finance – Benefits

The benefits of a Masters degree program in finance are:

Employability: A Masters degree in finance is a prerequisite for middle and senior management jobs in the field of finance. Employers expect applicants to be trained in financial regulations and international accounting standards.

Career Growth: A Masters degree in finance can equip a student with the knowledge required to make critical decisions in an organization. Hence, career growth in boosted by this degree.

High Income: The field of finance offers some of the highest paying jobs in the industry.

Emerging Markets: A Masters degree in finance gives a better understanding of global money flows, trade patterns and financial laws. With the BRIC region recording world-leading growth, this program throws open new opportunities.

If you’re wondering whether a Masters degree program in finance would help you boost your career prospects, visit MBAs.com

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