MS Applied Economics
I am leaning towards getting my Masters of Science in Applied Economics. The program I am intersted in focuses on a lot of econometrics and using SAS software. I was wondering if there was any way I could use this degree or skill set to get a job in finance. I will probably take a couple MBA level finance courses as electives or additional math/stats courses.
Hey, I started my MS in Applied Economics in January (so I'm partway through my second semester now). Not sure how insightful my experiences will be fore you, given that I am still relatively new, but I am looking at transitioning from a research/policy based job into the private sector (finance/consulting). One thing that I would be aware of when researching programs is how flexible the courses are. I am in the DC area and was looking at local programs, including Georgetown, UMD, and JHU. The Georgetown and UMD programs both had a fixed 10-course track, with no or limited flexibility, whereas the JHU program was more established and offered far more electives, as well as the option to take classes at their b-school. I think it is pretty standard for most MSAE programs to require a statistics, econometrics, and then an advanced metrics level course (usually time-series). Some programs, like the JHU one, offer more electives in metrics/quantitative methods - macroeconometrics (time-series), microeconometrics (panel-data focused), financial econometrics, and more, all within the quantitative methods concentration.
Also, as far as job placement, I know that there are a reasonable number of finance jobs that are posted through the program's career center as well as through contacts in the program. I don't think it would be a substitute for an MBA if you were to try and move to an associate/post-MBA track at a finance gig, but it is a valuable skill set and something that can definitely set you apart.
I'm sure you could you a job in finance some way, but wouldn't it make more sense to go for an MS in Finance if you want to do finance?
MS in Applied Economics is more or less 2 years of statistics hell. You can leverage it to get jobs in things like Data Science/Analysis and Business Analytics, but I wouldn't think of it as a tried-and-true launchpad into Finance. Different skillsets.
Masters in Applied Economics for ER (Originally Posted: 06/09/2010)
Is a Masters in Applied Economics as valuable as a MSF, MBA, or CFA for getting a job as a ER analyst or a portfolio manager at a bulge bracket IB or Asset Management firm? In what order would you rank these qualifications?
For asset management
CFA MBA MAE MSF
What is your reason for ranking MSF last?
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