Master's Degree Programs in International Finance
Read on to find out how a master's degree program can prepare you for work in the global financial market. See about degree program options, typical classes and prerequisites, and get career information, too.
Can I Earn a Master's Degree In International Finance?
You can earn a Master of Science (M.S.) or a Master of Business Administration (MBA) with a specialization in finance or international finance. There are also Master of Arts in Economics degree programs that offer concentrations in international or global finance. The primary difference between a Master of Science program and a MBA program is that it generally takes longer to earn a MBA, usually requires work experience to enter a MBA program and a MBA is considered a terminal degree. Both degrees can be completed online and both programs combine study in business with coursework in international finance.
An economics program combines study in global finance with the social and business factors that can affect world economics. These programs are typically offered on-campus and typically take two years to complete.
|Degree Options||Master of Science or MBA with finance/international finance specialization; Master of Arts in Economics with international/global finance concentration|
|Prerequisites||Bachelor's degree, GRE or GMAT scores, letters of recommendation, personal statement; MBA applicants may need work experience in a related field|
|Common Courses||Market psychology, international insurance practices, funds protection, international finance practices, international investments|
|Career Options||Investment analyst, chief financial officer, financial analyst, commercial investment banker, transaction adviser|
|Job Outlook (2016-2026)||11% growth (for financial analysts)*|
|Median Salary (2018)||$85,660 (for financial analysts)*|
Source: *U.S. Bureau of Labor Statistics
What Are the Prerequisites?
You'll need at least a bachelor's degree to get into these programs, and most of these programs are very competitive. Be prepared to submit GRE or GMAT scores, letters of recommendation and a personal statement. MBA applicants will likely also need to have work experience, preferably in a related field.
What Will I Learn?
In all three programs, you'll learn about global financial markets. Most programs prepare you to identify, analyze and evaluate the changes expected to come in the world of international finance. Coursework can include:
- Global economic theories and trends
- Market psychology
- International finance practices
- Political forces that influence financial markets
- International investments
- International insurance practices
- Funds protection
Most international finance programs also enforce a language requirement, preparing you to specialize in a particular global region. MBA students can expect to learn about business administration theory as well, which can include human resources management, logistics, marketing, entrepreneurship and sales.
What Kind of Jobs Can I Get?
With training in international finances, you'll be able to work in a number of different areas of banking, investments and finance. Job titles might include the following:
- Chief financial officer
- Financial analyst
- Investment analyst
- Transaction adviser
- Commercial investment banker