Students who are interested in banking and finance may pursue a master's degree in international economics. These programs provide a broad overview of the world economy and financial practices. Students learn about economic theory and develop analytical skills so that they can deconstruct, evaluate and forecast changes in the global economy. Topics of study include trade laws and working with developing nations. Students often have the opportunity to study abroad. These master's programs typically require two years of study to complete.
A bachelor's degree is required for admission to these programs. Prior coursework in microeconomics, macroeconomics and statistics is often preferred. Some programs favor applicants who have previous professional experience.
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Master's Degree in International Economics
International economics graduate degree programs prepare students to work with for-profit businesses, nonprofits and governmental organizations. Common course topics in these programs include:
- Global trade theory
- International macroeconomic analysis
- Advanced financial theory
- International business management
- Economic growth in developing nations
- Global monetary institutions
Employment Outlook and Salary Info
According to the U.S. Bureau of Labor Statistics (BLS), economists earned a median annual salary of $99,180 in May 2015 (www.bls.gov). Between 2014 and 2024, the BLS projects that job opportunities for economists will grow 6%. The BLS also predicts that employment for financial examiners will grow 10% during the same period. Financial examiners earned $78,010 as a median annual wage in May 2015.
Continuing Education Information
Graduates may pursue a doctorate degree in global economics. While many organizations seek applicants with a bachelor's degree for entry-level positions, a master's degree is often required for more advanced roles, and a Ph.D. may be required for top jobs. A Ph.D. is also required for those interested in teaching at the college level.
A master's degree in international economics provides students with a comprehensive education in global business, including issues related to banking and finance. Graduates are prepared for advanced careers or further study in the field.