M.A. in Nutrition
The Master of Arts (M.A.) in Nutrition program at Illinois State University is a compre...
M.A. in Applied Economics - Financial Economics
Normal, Illinois
INTAKE: Jan & Aug
Program Overview
The Master of Arts (M.A.) in Applied Economics with a specialization in Financial Economics at Illinois State University is a rigorous and STEM-designated program designed to provide students with advanced knowledge and skills in economic theory, financial markets, and quantitative analysis. The curriculum offers a comprehensive understanding of financial economics, allowing students to explore the intricate relationship between economic principles and financial decision-making.
Curriculum:
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Economic Theory: Students delve into economic theory, studying concepts such as supply and demand, market structures, and price determination.
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Financial Markets: The program introduces students to financial markets, including stocks, bonds, derivatives, and other financial instruments.
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Financial Decision-Making: Students learn how economic principles influence financial decision-making by individuals, firms, and governments.
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Quantitative Analysis: The curriculum emphasizes quantitative methods, equipping students with statistical and econometric tools to analyze financial data.
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Risk Management: Students explore risk management techniques used in financial markets to mitigate uncertainty and volatility.
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Investment Analysis: The program covers investment analysis, helping students understand asset valuation and portfolio management.
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Financial Modeling: Students gain proficiency in financial modeling, allowing them to make informed predictions and decisions in financial markets.
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Econometric Applications: The program focuses on applying econometric methods to analyze economic and financial data.
Location
Normal, Illinois
Score
IELTS: 6.5
Tuition Fee
USD 23900
Entry Requirements for International Students (Postgraduate)
Application Fees : Waiver
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Academic Qualifications: A minimum GPA of 3.0 on a 4.0 scale or an equivalent percentage (typically 60% and above) is often required.
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English Language Proficiency: The minimum required scores for each test are as follows:
- IELTS: Overall score of 6.5 with no band less than 6
- TOEFL: Minimum score of 79 (iBT)
- PTE: Minimum score of 60
- DET (Duolingo English Test): Minimum score of 105
ISU offers several scholarships and financial aid options for international students to help them pursue their academic goals. These scholarships are based on academic achievements, leadership skills, and other criteria.
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International Tuition Waiver: International students who demonstrate exceptional academic performance and show promise for contributing to the ISU community may be eligible for tuition waivers. These waivers can significantly reduce the cost of tuition.
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Redbird Academic Scholarship: This scholarship is awarded to incoming undergraduate international students who have outstanding academic records. The scholarship amount varies depending on the student's academic achievements.
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Redbird International Ambassador Scholarship: This scholarship recognizes outstanding leadership skills and contributions to the international community. Recipients of this scholarship serve as ambassadors for international students at ISU.
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College-Specific Scholarships: Various colleges within ISU offer scholarships for international students pursuing specific academic programs. These scholarships are often based on academic performance and potential for success in the chosen field of study.
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Study Abroad Scholarships: ISU encourages international students to engage in study abroad programs to gain global experiences. The university offers scholarships to support international students' participation in these programs.
International students interested in applying for scholarships at ISU should review the specific eligibility criteria and application deadlines for each scholarship.
Graduates of the M.A. in Applied Economics with a specialization in Financial Economics are well-prepared for diverse career opportunities in the financial industry, research institutions, government agencies, and consulting firms. The program's STEM-designation enhances the attractiveness of graduates in the job market, particularly for roles that require strong analytical and quantitative skills.
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Financial Analyst: Graduates may work as financial analysts, analyzing market trends and providing investment recommendations.
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Economic Consultant: Graduates can become economic consultants, advising businesses and organizations on financial and economic matters.
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Data Analyst: Graduates with strong data analysis skills can pursue roles as data analysts in financial firms.
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Risk Analyst: Graduates may work as risk analysts, assessing and managing financial risks for corporations and financial institutions.
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Policy Analyst: Graduates can explore opportunities as policy analysts, contributing to economic and financial policy development.
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Financial Researcher: Graduates with research expertise can become financial researchers, studying economic trends and financial phenomena.
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Economic Policy Advisor: Graduates may work with government agencies as economic policy advisors, offering insights on financial matters.
The M.A. in Applied Economics with a specialization in Financial Economics at Illinois State University offers a comprehensive and analytically-focused curriculum. Graduates emerge with a strong foundation in economic theory and financial markets, equipped with quantitative skills to analyze complex financial data. The program's STEM-designation adds value to graduates' resumes, making them competitive in the job market for a wide range of roles in the financial industry and related sectors.
