Master of Arts in Financial Economics
The Master of Arts in Financial Economics focuses on the study of economic theories and financial principles pertaining/relevant to the workings of the U.S. and international financial institutions and systems. The program also provides a deeper knowledge and understanding of the history, institutions and evolution of the world's financial interactions. As a liberal arts degree, the program also addresses moral and ethical issues relevant to the forces at play in the financial markets and the globalization process.
The Detroit Mercy Economics program is ranked as:
#1 for best online master's in economics programs by AffordableCollegesOnline.org
#5 in top colleges for economics in Michigan by Zippia.com
#6 in best value colleges for an online master's in economics by CollegeValuesOnline.com
#11 in master's of financial economics programs by TFETimes.com
Upon completion of the Master of Arts in Financial Economics, the degree candidate is expected to be knowledgeable in:
- how the principles of financial economics are invariably knitted into the fabrics of the development of financial institutions, industry and government.
- international finance and its relationship to the U.S. economy.
- a variety of economic models as well as the moral and ethical implications of economic decisions and options.
- the U.S. system of money, banking, capital markets and other business-decisions related institutions.
- investments and U.S. government policy and financial systems.
- the relationship between the public and private sectors.
Careers in the financial economics area have become increasingly sophisticated in both the private and public sectors and in government institutions. A Master of Arts in Financial Economics prepares a student to meet the more demanding career challenges in the increasingly complex financial institutions of a global economy comprising of central banks and agencies, commercial and investment banks and research organizations. The degree also provides preparation for careers in law, government, business and finance as well as a well-rounded foundation for doctoral studies in economics and financial economics.
Given the ever-evolving needs of financial institutions with complex products and processes, there is a growing job market in the field of financial economics. According to the U.S. Department of Labor's Bureau of Labor Statistics, "overall employment of financial analysts and personal financial advisors is expected to increase faster than average for all occupations through 2014, resulting from increased investment by businesses and individuals."
Course Tuition & Fees*
Students taking courses online realize a substantial cost savings. Please click here for the fee and tuition schedule for online programs.
*Note: Online only students are not eligible to take classes at the McNichols Campus. Students who elect their course of study at the McNichols campus are not eligible to take classes online at the discounted rate.