B.S. in Financial Economics

Undergraduate Entry Requirements

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 60% or above in their previous academic qualifications.

English Language Proficiency:

• IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
• TOEFL: Overall score of 80 or higher.
• PTE: Overall score of 53 or higher.
• DET (Duolingo English Test): Minimum score of 115.

Scholarships for International Students at the University of Maryland Baltimore County (UMBC).

International Student Scholarships: UMBC offers a range of scholarships specifically for international students to support their educational expenses. These scholarships may be merit-based, need-based, or a combination of both. They are awarded based on academic achievement, leadership potential, extracurricular involvement, and other criteria. 

UMBC Merit Scholarships: UMBC offers merit-based scholarships to both undergraduate and graduate international students. These scholarships are awarded to students with exceptional academic achievements, leadership qualities, and community involvement. The selection process for these scholarships is competitive, and students are typically considered based on their application materials, including academic transcripts, test scores, letters of recommendation, and personal statements.

Departmental Scholarships: Various departments and academic programs at UMBC may offer scholarships specifically for international students within their respective fields. These scholarships may be discipline-specific and target students who demonstrate exceptional abilities and potential in a particular area of study. International students are advised to inquire with their intended department or program about any available scholarships or funding opportunities.

External Scholarships: International students studying at UMBC may also be eligible for external scholarships provided by organizations, foundations, and government agencies. These scholarships can be based on various criteria such as academic excellence, leadership, community service, or specific fields of study. Students are encouraged to explore external scholarship opportunities in their home countries or through international scholarship databases.

Fulbright Scholarships: UMBC participates in the Fulbright Program, which offers scholarships to international students from over 160 countries. The Fulbright scholarships support graduate study, research, and teaching assistantships at UMBC. Eligibility criteria and application processes for Fulbright scholarships may vary depending on the student's home country. Interested international students can contact the Fulbright Commission or Embassy in their home country for more information.

Global Ambassador Scholarships: UMBC's Global Ambassador Scholarships are designed for international students who demonstrate leadership potential and a commitment to fostering cross-cultural understanding on campus. These scholarships provide financial support and an opportunity for international students to engage in outreach activities, cultural programs, and campus initiatives that promote global perspectives and intercultural exchange.

International Education Foundation (IEF) Scholarships: The International Education Foundation offers scholarships to international students studying at UMBC. These scholarships are aimed at supporting students who have demonstrated academic excellence, leadership skills, and a commitment to community service. The IEF scholarships are awarded based on a competitive application process, and students are required to submit an essay and letters of recommendation.

It is important for international students to carefully review the eligibility criteria, application deadlines, and required documents for each scholarship opportunity.

Graduates of UMBC's B.S. in Financial Economics program possess a blend of analytical skills in economics and finance, preparing them for diverse career opportunities in financial analysis, investment banking, corporate finance, economic consulting, and related fields.

Financial Analyst: Many graduates pursue careers as financial analysts, analyzing financial data, evaluating investment opportunities, and preparing financial reports for corporations, financial institutions, investment firms, and government agencies. Financial analysts assess economic trends, analyze company financial statements, and provide recommendations for investment strategies, mergers, acquisitions, and financial restructuring.

Investment Banker: Some graduates specialize as investment bankers, advising corporations, governments, and institutional investors on capital raising, mergers and acquisitions, and corporate finance transactions. Investment bankers work for investment banks, advisory firms, and financial institutions, structuring deals, conducting financial due diligence, and negotiating terms to facilitate transactions and optimize financial outcomes for clients.

Financial Advisor/Wealth Manager: Graduates may pursue careers as financial advisors or wealth managers, providing personalized financial planning and investment advice to individual clients, families, and businesses. Financial advisors assess client financial goals, develop investment portfolios, and offer strategies for retirement planning, tax optimization, estate planning, and risk management. They work for financial advisory firms, wealth management companies, banks, and insurance companies.

Risk Manager: Some graduates specialize as risk managers, assessing financial risks and implementing risk management strategies to protect organizations from financial losses. Risk managers work in banking, insurance, corporate finance, and regulatory agencies, identifying potential risks, conducting stress tests, and developing risk mitigation plans to ensure financial stability and regulatory compliance.

Economic Consultant: Graduates may work as economic consultants, providing economic analysis and strategic advice to businesses, government agencies, and non-profit organizations. Economic consultants conduct economic impact assessments, policy evaluations, market research, and cost-benefit analysis to support decision-making, regulatory compliance, and litigation support. They work for economic consulting firms, research institutions, and government agencies.

Corporate Finance Specialist: Some graduates specialize in corporate finance roles, managing financial operations, capital budgeting, and financial strategy for corporations. Corporate finance specialists analyze financial performance, optimize capital structure, manage cash flow, and evaluate investment projects to enhance profitability and shareholder value. They work in corporate finance departments, financial planning and analysis teams, and strategic planning divisions of multinational corporations and financial institutions.

Further Education and Certification: Graduates interested in advancing their careers may pursue further education through master's or doctoral programs in economics, finance, business administration (MBA), or specialized certifications such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM). Advanced degrees and certifications offer opportunities for leadership roles in finance, academia, research institutions, and regulatory agencies, influencing financial policy, conducting economic research, and advancing industry practices.