Master of Financial Economics

A master’s degree in financial economics provides an understanding of theoretical finance and the underlying economic framework. The degree is postgraduate, and may incorporate a thesis or research component. Programs are often a joint offering by the business school and the economics department; see List of master's degrees in financial economics. Closely related degrees include the "Master of Finance and Economics" and the "Master of Economics with a specialization in Finance / Financial Economics". The nature of the degree differs by university. Often, the degree is largely theoretical, and prepares graduates for research positions, for doctoral study in economics, or for roles in applied economics. Several are positioned as professional degrees, preparing graduates for careers in banking and finance, and are comparable to the Master of Science in Finance, though with an increased weighting towards theory. In some cases, programs are substantially quantitative and are largely akin to a Master of Quantitative Finance. Structure Masters in Financial Economics are usually one to one and a half years in duration, and typically include a thesis or research component. The programs require a bachelor's degree prior to admission, but do not (usually) require an undergraduate major in finance or economics; a usual requirement is exposure to calculus, statistics and probability, and sometimes linear algebra and differential equations. Many programs include a review of these topics as an initial bridging / refresher course. The curriculum is distributed between theory, applications, and modelling, with the emphasis on each differing by university, as above. The theory component centres on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models. The degree essentially explores how rational investors would apply decision theory to the problem of investment. Investment under "certainty" is initially considered (Fisher separation theorem, "theory of investment value", Modigliani-Miller theorem). "Choice under uncertainty" is then introduced, and the twin assumptions of rationality and market efficiency lead to modern portfolio theory (the CAPM), and to the Black Scholes theory for option valuation. Where the program emphasizes economics, the curriculum is extended: it explores phenomena where these assumptions do not hold (noise trading, market microstructure, behavioural finance) and it discusses models which are further generalised (Fundamental theorem of arbitrage-free pricing, arbitrage pricing theory) or extended (Multi-factor models, models of the short rate, Intertemporal CAPM, Black–Litterman model). Coursework here is often titled "Asset pricing" and "Corporate finance theory". Application of the economic principles includes asset allocation and valuation, and covers specific financial instruments - such as fixed income, equities, derivatives, foreign exchange - and their portfolios. The aim here is twofold: firstly, to complement the theory; secondly, providing graduates with practical market knowledge. In the economics-focused degrees, this coverage is often of secondary importance, while in the professional degrees it is a major component, and often includes separate course work in (practical) corporate finance, portfolio management and financial risk management. Macroeconomics is also usually included; often though, as opposed to covering macroeconomic theory in general, the topics are applied and / or finance related with a focus on modelling and forecasting the relationships between asset classes and their expected returns. The modelling curriculum complements both of the above. The theory is augmented via the study of econometrics, financial time series and statistical modelling, with a focus on the empirical and statistical testing of economic theory, and on developing and documenting new econometric models. Students are taught to model using statistical packages such as SAS. The applications are reinforced through the computer based implemention of the more complex problems (often including numeric methods for option pricing, Value at risk, constructing efficient portfolios and yield curve modeling). Here, though, the focus is typically on the concept as opposed to the modelling, per se, and is therefore (often) limited to the spreadsheet environment: Computational finance is the domain of specialized degrees, although some Financial Economics programs do emphasize mathematical modelling and programming - see further below.

Related Degrees

No Information Available

Universities

No Information Available

Content Developerviews:  0

no description   [more]

Content Writer views:  0

no description   [more]

Cabin Crewviews:  0

no description   [more]

Traineeviews:  0

no description   [more]

Traineeviews:  0

no description   [more]

Team Leaderviews:  50

no description   [more]

Sales Managerviews:  37

no description   [more]

Service Associateviews:  34

no description   [more]

Service Manager views:  40

no description   [more]

Sales Associateviews:  38

no description   [more]

Security Officerviews:  97

Security Personnel   [more]

Website/Graphic Designerviews:  139

Design or create websites, graphics to meet specific commercial or promotional needs   [more]

Journalistviews:  65

A journalist collects, writes and distributes news and other information. A journalist's work is referred to as journalism.   [more]

Television producerviews:  79

The primary role of a television producer is to oversee all aspects of video production, ranging from show idea development and cast hiring to shoot supervision and fact-checking. It is often the producer who is responsible for the television sho ...   [more]

Administration - Management Traineeviews:  179

Performing internship within one or several departments   [more]

Credit Risk - Analystviews:  128

Evaluate individual credit applications for final approval from Credit Risk Manager   [more]

Legal Staffviews:  239

Subject matter expert in one field.   [more]

Driverviews:  218

Driver for senior representatives or administrative tasks   [more]

Portfolio Managerviews:  204

Senior Portfolio Analyst to support management team in translation of reports into actionable decisions.   [more]

Portfolio Analystviews:  172

Evaluation of credit portfolio to identify short and long term trends.   [more]

View More

Cross Cultural Trainingviews:  368

Cross cultural training aims to develop awareness between people where a common cultural framework does not exist.   [more]

Neuro-linguistic programming views:  224

Neuro-linguistic programming (NLP) is an approach to communication, personal development and psychotherapy. The title refers to a stated connection between the neurological processes, language and ...   [more]

Conflict Management views:  274

Conflict management involves implementing strategies to limit the negative aspects of conflict and to increase the positive aspects of conflict at a level equal to or higher than where the conflic ...   [more]

Customer Service views:  345

Skills to serve customers before, during and after a purchase.   [more]

Telephone Skillsviews:  359

Refers to telephone etiquettes and skills to bring about sales or get the desired outcome.   [more]

Business Writing views:  329

Business Writing refers to the writing assignment for business purposes. It is usually more formal than conversations and general writing.   [more]

Time Management views:  241

The act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity.   [more]

Entrepreneurshipviews:  277

Business acumen used to transform innovations into economic goods   [more]

Negotiation skillsviews:  293

Skills required to reach a point of understanding, resolve conflict, gain advantage in outcome of dialogue between two parties are called negotiation skills.   [more]

Employee engagementviews:  340

Employee engagement or worker engagement is a business management concept. It involves using techniques to further involve employees in the work to further the company's interests.   [more]

Project Management views:  292

Project Management is the discipline of planning, organizing, securing, managing, leading and controlling resources to achieve specific goals.   [more]

Supply Chain Managementviews:  239

Supply Chain Management (SCM) is the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain. ...   [more]

Business Etiquetteviews:  390

Business etiquette is the way you handle yourself in a business and social environment . It can range from meetings with the boss to meetings with clients and customers - and knowing the right thi ...   [more]

Corporate Social Responsibiltyviews:  297

CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. ...   [more]

Creative Leadershipviews:  297

Creative leadership is the ability to think beyond the conventional leadership methods and strategies to lead effectively   [more]

Networking skillsviews:  307

Training to improve networking skills to succeed at the workplace   [more]

Effective Communication Skillsviews:  261

Training to provide you with the communication skills required to succeed in the competitive corporate world   [more]

Critical Thinking Skillsviews:  327

Training to sharpen critical thinking skills for better performance at work   [more]

Sales Trainingviews:  220

Training to help individuals become better at the act of selling a product or service   [more]

AutoCadviews:  275

AutoCad is a software application for computer aided design (CAD) and drafting   [more]

View More

Master of Science in Nursingviews:  138

A Master of Science in Nursing (MSN) is an advanced-level postgraduate degree for registered nurses and is considered an entry-level degree for nurse educators and managers. The degree also may prepare a nurse to seek a career as a nurse administ ...   [more]

Master of Social Scienceviews:  108

A Master of Social Science (MSSc) is a taught Master's degree which has a number of different meanings dependent upon the education system in question.   [more]

Master of Applied Statisticviews:  113

no description   [more]

Master of Financial Engineeringviews:  117

A masters degree in quantitative finance concerns the application of mathematical methods to the solution of problems in financial economics. There are several like-titled degrees which may further focus on financial engineering, financial risk m ...   [more]

Master of Science in Biomedical Communicationviews:  141

no description   [more]

Master of Accountancyviews:  171

The Master of Accountancy (MAcc, MAc, or MAcy), alternatively Master of Professional Accountancy (MPAcy or MPA or MPAcc) or Master of Science in Accountancy (MSAcy), is a graduate professional degree designed to prepare students for public accoun ...   [more]

Master of Studiesviews:  119

The Master of Studies (rendered M.St. or MSt) is a postgraduate degree at the University of Oxford, University of Cambridge, The Australian National University and University of Dublin which typically requires both classroom study and the complet ...   [more]

Master of Library and Information Scienceviews:  193

The Master of Library and Information Science (MLIS) is the master's degree that is required for most professional librarian positions in the United States and Canada. The MLIS is a relatively recent degree; an older and still common degree desig ...   [more]

Master of Public Administrationviews:  108

The Master of Public Administration (MPA) is a professional post-graduate degree in Public Administration. The MPA program prepares individuals to serve as managers in the executive arm of local, state/provincial, and federal/national government, ...   [more]

Bachelor of Science in Construction Engineeringviews:  139

no description   [more]

Master of Business Studiesviews:  125

A Master of Business Studies refers to a qualification in the degree of master that can be obtained by students of recognized universities and colleges who complete the relevant approved programmes of study, pass the prescribed examinations, and ...   [more]

Master of Medical Scienceviews:  136

A master's degree in medical science is primarily for students applying to medical college or beginning a career in health care. Many programs are offered with a variety of specializations directly related to positions in the medical field, inclu ...   [more]

Master of Human Relationsviews:  119

Human relations employees work in a variety of settings, including business, community service and academia, providing advocacy services to people or groups. Several schools offer bachelor's and master's degree programs in human relations. Gradua ...   [more]

Doctor of Chiropracticviews:  122

no description   [more]

Master of Lawsviews:  199

The Master of Laws is an advanced academic degree, pursued by those holding a professional law degree, and is commonly abbreviated LL.M. (also LLM or LL.M.) from its Latin name, Legum Magister. (For female students, the less common variant Legum ...   [more]

Bachelor of Science in Computer Scienceviews:  115

no description   [more]

Master of Public Healthviews:  166

The Master of Public Health (M.P.H.) and the Doctor of Public Health (Dr.PH.) are multi-disciplinary professional degrees awarded for studies in areas related to public health. The MPH degree focuses on public health practice, as opposed to res ...   [more]

Bachelor of Science in Science Educationviews:  161

no description   [more]

Master of Managementviews:  120

The Master of Management (MM) is a post-graduate master’s degree awarded to students who normally complete a one to two year program of graduate level coursework in business management at an accredited academic institution. As the program is desi ...   [more]

Bachelor of Managementviews:  144

Bachelor's degree programs in management provide students with the leadership and strategic management skills needed to be a successful leader within a business, non-profit organization or government agency. A program prepares individuals to inte ...   [more]

View More

Graphs

Most Viewed Postions, Trainings and Degerees