A Master's in financial economics is a degree fit for some of the fastest growing careers. The program prepares students for jobs in finance, banking and asset management. Graduates are skilled in various areas of economics, such as investment banking, economic forecasting, financial markets and financial management.
According to the Bureau of Labor Statistics, employment for economists are expected to increase 6 percent over the next decade. Employers seek out candidates with a master's degree or higher and who possess strong analytical and quantitative skills.
Here are five careers that you can get with a master's in financial economics.
Management analysts act as consultants to help businesses improve profits and minimize costs. They analyze data and conduct research to advise their clients on appropriate decision-making strategies.
Candidates for this position should have knowledge and skills in financial management and strategic planning, which are incorporated into financial economics degree courses.
Financial examiners perform evaluations of financial reports and statements. Their job is to ensure that companies are in compliance with state and federal regulations and laws. A master's in financial economics is an excellent program that prepares individuals for this profession.
According to the Bureau of Labor Statistics, courses in finance and economics along with job training qualifies for the position.
Budget analysts work together with program managers, analyzing budgets and preparing financial statements for their organization. They track budget reports and make recommendations on complex fiscal matters, including reviewing and editing proposals and ensuring that spending stays within compliance laws and regulations.
Individuals who complete a master's program in financial economics take courses in accounting, finance and strategic analysis, which are required for budget analyst positions.
Personal financial advisors may work with one company or act as a consultant to several clients. They provide advice on various matters that affect their clients' financial status, investments, insurance and tax planning.
During a master's program in financial economics, students take courses in financial decision-making, economic forecasting and financial investments, which are needed for this position.
Financial analysts guide their clients to make sound financial decisions. They research economic trends and assist their clients on ways to capitalize on lucrative financial opportunities. Courses in investment, financial markets, economic forecasting and financial decision-making are offered in a financial economics curriculum.
If you’re handy with interpreting and comparing data, you might find a job as a financial analyst a good fit for you.
Graduates of a master's in financial economics qualify for a many professions that enable them to analyze data and make financial decisions on behalf of their employer or clients. They are required to take core courses in economics and financial management. They can also choose elective courses to help them develop a focus on different areas of financial economics.
Most employers in the public and private sectors need individuals that possess expert skills in economics. Job opportunities are continuing to improve as more companies seek out innovative ways to maintain their competitiveness in these industries.