Degrees Available at SIUE
• Master of Arts or Master of Science in Economics and Finance
Economics and Finance at SIUE
The Department of Economics and Finance offers two programs of study, one leading to the Master of Arts (MA) degree in Economics and Finance and the other leading to the Master of Science (MS) degree in Economics and Finance. Both degree programs require a common core curriculum followed by emphasis in either Applied Economics or Finance. The MA degree program is intended for the student who wishes to continue with academic work leading to an advanced degree, such as a PhD, MBA, law or other professional degree, or to pursue a career in teaching at the community college level. This program provides a firm understanding of theory, research methodology, concepts and principles in economics and finance; such preparation is essential to successful doctoral studies. The MA curriculum also provides a solid foundation for students interested in attending law school, especially in tax, antitrust, corporate (mergers and acquisitions), or securities law specialties.
The MS degree program is designed for those students who plan to pursue a professional career in business or government upon graduation. The emphasis of this program is on the development of expertise in the application of concepts and methodology. The program’s flexibility enables the student to acquire the specialized skills required of professionals in business, industry, government, or other public service. Graduates of this program are prepared for career opportunities offered in financial analysis and services, business economics, or in many areas of government service. Financial analysts work in commercial and investment banks, brokerage houses, mutual funds, life and health insurance companies, real estate investment trusts, pension funds, and corporate finance departments of non-financial firms. Business economists prepare forecasts, perform cost analysis and market studies, develop and evaluate pricing strategies, and assist in corporate planning. Students also find that this degree prepares them well for many positions with government agencies, particularly those offices addressing budget, revenues, debt management, forecasting, economic development, or regulatory issues.
Applicants for admission to the MA or MS program are required to meet one of the following admission standards:
a) Students with an undergraduate degree in Business from an AACSB accredited institution with an overall GPA of 3.5 (A=4.0) or better: Applicants meeting these requirements must meet the requirements for admission to the Graduate School and have the option not to submit GMAT or GRE scores. Instead, they must submit two letters of recommendation, preferably from faculty members at their prior institutions. Nevertheless, the applicants can always choose to submit the GMAT (Program code: 23T9CD19) or GRE scores along with their application, even if they meet the above requirement. Students in the final year of their undergraduate programs can apply to the graduate program any time after the start of the final semester of their undergraduate business program;
b) All students not in category (a) above: Applicants for admission to the MA or MS program must meet the requirements for admission to the Graduate School and must submit GMAT (Program code: 3T9CD19) or GRE scores. In addition, they must also submit two letters of recommendation, preferably from faculty members at their prior institutions. A typical applicant admitted to the MA or MS program has at least 50% and 60% on the verbal and quantitative portions of the examination, respectively.
International students from a country where English is not the first language, must send official TOEFL scores. We require a score of at least 550 (paper) or 79 (internet).
Applicants with undergraduate degrees in fields other than economics and finance or with deficiencies in economics, finance or statistics are encouraged to complete the following courses or their equivalents: intermediate microeconomic theory (ECON 301), intermediate macroeconomic theory (ECON 302), financial management (FIN 320) and statistics (MS 251 or MS 502). Credit earned to remove such deficiencies will not be applied to the graduate degree program.
Admission to the program is competitive. The program’s graduate admissions committee reviews all applications. The committee makes recommendations about admission to the Graduate Program Director, whose decision is final. Decisions regarding financial assistance will be made primarily on the basis of academic merit. All inquiries about admissions should be directed to the graduate program director.
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