Banking and Financial Services Management Master's Degree
A master's degree program in banking and financial services management provides training for those looking to advance in the fields of banking or finance. Read on to learn more about this degree program, including prerequisites and online options.
What Does a Banking and Financial Services Management Master's Degree Program Entail?
The banking and financial services management master's degree program is for those interested in being trained in how to work in a variety of business areas providing financial and banking services. This program will provide you with the knowledge and skills needed to create workable interfaces between businesses and financial institutions. This program will prepare you to work in the business world with companies and industries to find ways to manage banking and financial transactions.
|Skills Gained||Management, business, financial, banking|
|Admission Requirements||Prior economics and finance courses, GRE or GMAT scores, interviews, essays, letters of recommendation|
|Common Courses||Investment analysis, financial markets, baking law, econometrics, finance for corporations|
|Online Availability||Fully online programs are available|
|Median Salary (2018)||$127,990 (Financial Managers)|
|Job Outlook (2016-2026)||19% growth (Financial Managers)|
Source: U.S. Bureau of Labor Statistics (BLS)
What Are The Prerequisites?
Master's degree programs in banking and financial services management may have prerequisite courses that you need to complete either during your undergraduate study or before applying to a program. These courses may include corporate financing, financial reporting, economic data analysis and financial management.
Universities may also require that you complete a graduate admissions exam, such as the GRE or GMAT, in order to be considered for admission. You may also need to submit essays and letters of recommendation and participate in interviews with the department's faculty.
What Can I Expect Out of a Program?
You may expect your degree to take two years to complete because most programs require around 50 hours of graduate credit. In your lecture classes, you will learn how to navigate financial markets, manage corporate finances and make mathematical decisions. Courses you may encounter could include:
- Financial markets
- Finance for corporations
- Investment analysis
- Banking law
Can I Earn This Degree Online?
You may complete all the requirements for a master's degree in banking and financial services management online. These programs could allow you to complete the degree in less time. Admission requirements vary according to the program and may include post-baccalaureate work experience in banking or finance.