International finance master's degree programs explore the intersection between financial management, investments and international trade. The two graduate programs available in this field are the Master of Business Administration in International Finance and the Master's in International Finance programs.
Although it is required to have a bachelor's degree to apply for this degree program, if your bachelor's degree is not in the business administration field, you may be required to take 10-15 hours of courses in accounting, finance, and economics to be eligible for this program. You may also be required to have fulfilled an internship that is related to financing or business administration, or to have finished thesis to be considered for such a program.
Some schools encourage students to study abroad or participate in international conferences. In addition, some programs are available in both online and on-campus formats. Career options include jobs in money management, financial consulting and financial institution operations.
Master's Degree in International Finance
Students enrolled in an international finance program will learn about organizational development and leadership, commercial banking management, and financial behavior in a global context. In addition to coursework, students enrolled in a master's degree program for international business take a supervised internship or prepare a thesis. Students who partake in an internship write a report on their experience. Some courses offered for the international business master's degree program include:
- International business management
- Corporate finance
- Risk management
- Commercial banking
Employment Outlook and Salary Information
Financial managers can find employment at financial institutions such as commercial banks, savings and loan associations, mortgage companies and credit unions. According to the U.S. Bureau of Labor Statistics (www.bls.gov), employment of financial managers is expected to increase 16%, much faster than the national average, from 2018-2028. Mergers and acquisitions might hinder the financial manager job market. As reported by the BLS, the average annual salary for financial managers in May 2019 was $147,530.
Many employers prefer their financial managers and advisors to have professional certification. The CFA Institute awards the Chartered Financial Analyst designation to investment professionals who have bachelors' degrees, fulfill work experience requirements, and pass three sequential examinations. Additionally, graduates can become Certified Treasury Professionals through a certification program from the Association for Financial Professionals. Qualifying individuals pass a computer-based exam and have two years of relevant work experience. Both certifications require continuing education through a master's degree or Ph.D.
Graduate degree programs are available in international finance that focus on business management and international trade. Upon completion of this degree, students are prepared to enter the workforce as a financial manager.