A master's degree in finance equips you to meet the demands of managing investments and financial reports in the corporate world. There are a couple of business schools in Austin, Texas, that offer these programs. Their program features and career outcomes are discussed below.
What Can You Do with a Master of Finance Degree?
|Job Title||Median Salary (2018)*||Job Growth (2018-2028)*|
|Personal Financial Advisor||$88,890||7%|
|Accountant and Auditor||$70,500||6%|
|Securities, Commodities, and Financial Services Sales Agent||$64,120||4%|
Source: *US Bureau of Labor and Statistics
Overview of Careers with a Master of Finance Degree
A financial analyst explores financial data and helps an organization make sound business decisions. Their job is to analyze market conditions and economic trends to recommend investments like stocks and bonds. A financial analyst can help large companies as well as nonprofits in making these investments. A Master of Finance degree can help you advance in this field and a become fund manager or large investment portfolio manager.
A financial manager develops long-term strategies, such as ways to maximize profits, that are designed to meet the financial goals of an organization. They analyze financial data like sales margins, profit margins, and expenditures, and provide reports accordingly. A master's degree in finance is increasingly preferred by employers recruiting financial managers.
Personal Financial Advisor
A personal financial advisor offers guidance to individuals based on their income and financial goals. They help clients choose the type of loan, investments, or insurance that best suits their needs. A master's in finance can help advisors remain competitive and also offers chances of promotion to a management position in an investment firm. An advanced degree can also help them attract new clients.
Accountant and Auditor
Accountants and auditors deal with the preparation and examination of financial records. They make sure finances are accurately reported and must also explain their findings to other departments in an organization. While a bachelor's degree in a field like accounting will suffice for this role, a master's degree could be preferred by some employers.
Securities, Commodities, and Financial Services Sales Agent
Financial sales agents act as a link between buyers and sellers of financial products or services. This is a demanding job that takes place in a fast-paced and oftentimes stressful work environment. While you can get into this position with a bachelor's degree, a master's is helpful for career advancement and better pay.
Master of Finance Degree Programs in Austin, Texas
University of Texas at Austin
The McCombs School of Business at the University of Texas at Austin offers a Master of Science in Finance degree that is open to graduates of all majors. The program includes instruction on quantitative analysis skills using Excel modeling. Curriculum consists of courses that span over 10 months. Students can also take advantage of career counseling and small class sizes.
St. Edwards University
The MBA program at St. Edwards offers a concentration in finance that includes courses on valuation, global finance, and corporate governance. The program is flexible and consists of both virtual and in-person coursework. The school also has partnerships with organizations in Austin, which increases internship and career development chances for students. The program culminates in a management consulting project for a real-world organization.
In Austin, the study of finance is available through master's degree programs in finance as well as Master of Business Administration programs with a finance concentration. In a competitive world, a master's degree in finance can help you secure a job in fields that include financial management, financial analysis, and securities sales.