Finance Master's Degree Program
You can develop and refine your theoretical and practical skills in areas such as financial policy, financial strategy, investments and real estate in a finance master's degree program. Areas of specialization include real estate, financial policy, and corporate finance. Schools offering Accounting & Finance degrees can also be found in these popular choices.
Where Can I Find a Financial Master's Degree Program?
In order to find postsecondary degree programs that might suit your needs, the National Center for Education Statistics is an excellent source for you to consult (www.nces.ed.gov). A search for advanced degrees in the areas of finance and financial management services yields about 170 schools that offer programs. You can locate programs in various schools or departments such as business, business administration, management, economics and finance.
There are a number of schools that offer finance master's degree programs online. You'll need a computer with an Internet connection, as well as an up-to-date operating system and browser. In order for you to fulfill certain course requirements, you may need to install course-specific software. Attendance at seminars may call for you to have a soundcard, speakers and microphone.
|Online Availability||Online master's programs are available|
|Degree Types||Master's in business, master's in business administration, master's in finance|
|Common Courses||Statistics, economic theory, business analysis, portfolio management, financial planning|
|Mean Annual Wage (2014)||$115,320 (for financial managers)*|
*Source: U.S. Bureau of Labor Statistics
What Are Some Specifics of a Program?
A 1-2 year program can lead to a Master of Science in Finance. A school may offer a Master of Arts in Finance degree, but those programs are rare. A program usually consists of 30-36 credits. Typical courses in a program can include statistics, economic theory, business analysis, portfolio management, derivative markets, financial planning, securities analysis and accounting. You may want to specialize in a certain area of finance. Though the number and the type of specializations can vary between schools, some common areas include real estate, risk strategy, financial policy, investment management, trading and corporate finance.
You may have the opportunity to choose elective courses that can help prepare you to sit for certification examinations, which are administered by various professional organizations. Certifications include such designations as Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP).
What Are Some Typical Admission Requirements?
According to the U.S. Bureau of Labor Statistics (BLS), you have the best chance of admission into a finance master's degree program if you hold an undergraduate degree in business administration, accounting, finance or economics (www.bls.gov). If your major is in another field, schools may require you to have passed courses in accounting, statistics, calculus, economics and finance, as prerequisites for admission. In addition, you may be required to provide a number of letters of recommendation and to have achieved strong scores on the Graduate Management Admission Test (GMAT).
What is the Job Outlook?
A master's degree in finance may qualify you for any number of different finance-related positions. Among these are corporate or personal financial advisor, risk and insurance manager, financial manager, cash manager, branch manager of a financial institution, accountant or auditor.
The BLS reported that the employment of financial managers was expected to grow about seven percent from 2014-2024. As of 2014, according to the BLS, the mean annual wages for a financial manager was $115,320. Financial analysts came in at $78,620, while accountants and auditors had mean annual wages of $65,940.
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