Master's degree programs in banking and financial services management prepare students to manage an organization's financial assets, including cash and investments. These programs combine general management training with business focused studies in finance and global markets. Students can expect to learn about investing, organizational cash flow, mergers and acquisitions, strategies for raising capital, and securities markets. Because of the rise of e-commerce, many programs are also emphasizing technology studies as they relate to banking and finance. Most of these programs last for two semesters, and students need a bachelor's degree in order to apply.
Master of Science Degree in Banking and Financial Services Management
The following classes are likely to appear in the curriculum:
- Managerial accounting
- Project management
- International business
- Financial markets and concepts
- Mergers and acquisitions
- Corporate finance
Employment Outlook and Salary Information
Graduates of these programs may seek employment in banks, investment firms, lending institutions, corporate finance departments, and financial consulting companies.
The U.S. Bureau of Labor Statistics (BLS) predicts that employment for financial managers will increase 16%, much faster than the national average, most likely due to continued growth in the U.S. economy and the trend toward globalization. As more companies expand into foreign countries, they need the services of financial managers. The median annual salary for financial managers was $127,990 in May 2018. The lowest-paid financial managers earned less than $67,620, while the highest-paid earned over $208,000.
By earning a master's degree in banking and financial services management, students gain the advanced business and administrative skills they need for high-level careers in the financial industry.