M.A. in Nutrition
The Master of Arts (M.A.) in Nutrition program at Illinois State University is a compre...
M.S. in Applied Economics - Financial Economics
Normal, Illinois
INTAKE: Jan & Aug
Program Overview
The Master of Science (M.S.) in Applied Economics with a specialization in Financial Economics at Illinois State University is an esteemed program designed to equip students with advanced skills and knowledge in economics and finance. This STEM-designated program provides a rigorous curriculum that blends economic theory, quantitative analysis, and financial expertise to prepare graduates for thriving careers in the financial sector.
Curriculum:
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Comprehensive Economic Study: The program offers a comprehensive study of economic principles, encompassing microeconomic and macroeconomic theories. Students gain a deep understanding of how economic forces influence financial markets and decision-making.
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Advanced Financial Concepts: Students explore advanced financial concepts related to asset pricing, financial risk management, capital structure, and financial regulations. They learn to analyze and evaluate financial data to make informed decisions.
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Quantitative Analysis: The curriculum emphasizes quantitative analysis using mathematical and statistical tools. Students develop strong analytical skills to assess economic trends and model financial scenarios.
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Econometric Techniques: The program introduces econometric techniques, enabling students to analyze economic data and test economic theories empirically.
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Financial Market Dynamics: Students study financial market dynamics, including the behavior of financial assets, trading strategies, and market efficiency.
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Financial Policy and Institutions: The program delves into financial policies and institutions, providing insights into the functioning of financial systems and their impact on the economy.
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Financial Modeling and Forecasting: Students learn to construct financial models and use forecasting techniques to predict economic and financial outcomes.
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Economic Research and Reporting: The program hones students' research skills and the ability to present economic analysis effectively through reports and presentations.
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Business Applications: Students explore the application of economic principles in business decision-making, including pricing strategies, cost-benefit analysis, and market research.
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Capstone Project: The program often includes a capstone project, allowing students to apply their knowledge to real-world economic and financial challenges.
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.S. in Applied Economics with a specialization in Financial Economics possess a strong skill set that makes them highly sought after in the job market. The STEM-designation of the program further enhances their marketability, making them attractive candidates for diverse roles in the financial industry.
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Financial Analyst: Graduates can pursue careers as financial analysts, analyzing financial data, assessing investment opportunities, and providing recommendations to clients.
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Risk Manager: Graduates with expertise in financial risk management can become risk managers, responsible for identifying and mitigating financial risks in corporations and financial institutions.
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Economic Consultant: Graduates can work as economic consultants, providing valuable insights and analysis to businesses, government agencies, and non-profit organizations.
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Financial Planner: Graduates may explore careers as financial planners, helping individuals and families make informed decisions about their financial goals.
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Investment Strategist: Graduates can work as investment strategists, devising investment strategies to optimize returns and manage risk for institutional investors.
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Data Analyst: Graduates with strong quantitative skills can pursue roles as data analysts, analyzing economic and financial data to support decision-making.
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Economic Researcher: Graduates can find opportunities as economic researchers, conducting research on economic trends, policy issues, and market developments.
The M.S. in Applied Economics - Financial Economics program at Illinois State University offers a challenging and enriching educational experience for aspiring economists and financial professionals. The integration of economics and finance prepares graduates to tackle complex financial challenges and contribute to the growth and stability of the global economy. The program's STEM-designation ensures graduates are well-equipped for a wide range of lucrative and rewarding careers in the financial sector.
