The Great Recession has led to an increased, academic interest in the world of finance. At the business school level, many colleges and universities are offering graduate degrees in the realm of finance, such as the Master of Science (M.S.) in Finance. Many students who are interested in learning more about the financial realm may not be convinced that a graduate degree in finance could help them. However, there are many careers that can open up for a student when they have a master’s degree in finance.
What Is A MS in Finance?
Although business schools will always vary in requirements and classwork, a MS in Finance typically includes classes in quantitative analysis and economics. Finance includes mathematical modeling so analytical or projected figures on markets can be developed. In addition, classes detailing a basic understanding of business is also included in a finance curriculum.
How Long Are Finance Graduate Degrees?
Business school is unique because many graduate programs try to cater to the needs of working adults. It is why there are usually evening or weekend Master of Business Administration (MBA) programs at business schools. Some finance degrees are in accelerated programs, meaning the program should only take a year to complete. Some degrees may be provided online exclusively or include a mix of distance education and in-class work.
Resource: Top 10 Best Online Master’s in Finance Degree Programs
What Can One Do With A MS in Finance?
Working within the financial sector includes numerous public and private business opportunities. Banks, insurance companies, brokerage firms, venture capitalist firms, and financial consulting companies all need workers with a finance degree. The government also hires many graduates with a finance degree so they can work for government organizations, like the Treasury. Most business schools have extensive career development resources. A student will have the chance to speak with career advisers who can provide some industry insights or the chance to work in a pre-professional setting, like an internship. These opportunities can greatly develop a student’s interests in finance and help narrow their desired job in the financial sector.
Different Levels Of Employment
The U.S. Bureau of Labor Statistics (BLS) offers further insight in the career development and occupational responsibilities a student is expected to have in the financial industry. One common occupation in the financial sector is a financial analyst. A financial analyst uses quantitative analysis to help clients make investment decisions. The BLS states that most financial analysts have a bachelor’s degree related to finance, but many advanced positions will require a master’s degree. Another common financial sector job is a financial manager. Financial managers include job titles like controllers or treasurers. These professionals prepare financial statements for the organizations they work for and then postulate strategies that can increase the financial well-being of the company. Like a financial analyst, many financial managers can have a bachelor’s degree, but more competitive job markets may give the advantage to job applicants with a master’s degree.
What A Finance Degree WIll Mean For You
A master’s education in finance is beneficial for financial sector jobs, like analysts and managers, who need to analyze business data and market trends. Financial workers will work closely with their clients or the executives of a company to outline what the financial worker notices and what strategies can lead to better outcomes for clients or companies. Work hours may be long due to deadlines, and the required analytical work could take immense time. But, the benefit a person provides for businesses, clients, or the government is laudable.
