Georgetown University recently introduced a brand-new master's program within its Department of Economics—the Master of Science in Financial Economics. The program is designed to provide students aspiring to delve into financial economics with a learning platform that emphasizes both theory and practice. The first cohort will start in Fall 2025, and the application portal is now open, with the priority deadline set for January 15, 2025. For more details about the program and other graduate application questions, you can also scan the QR code below for a one-on-one consultation.
1. Curriculum
The curriculum of the MS in Financial Economics is ingeniously designed to build a solid foundation in economics and then delve into specialized areas of financial economics. The program spans two years and requires full-time study.
Official website: https://econ.georgetown.edu/ms-financial-economics/
The coursework includes four core subjects: Microeconomics, Macroeconomics, Econometrics, and Data Analysis, providing students with a comprehensive mastery of economic theory and empirical tools. In addition, there are four required financial economics courses covering Financial Economics, Financial Markets and Institutions, Financial Econometrics, and Monetary Theory and Policy, along with two financial economics electives chosen from five options, such as International Finance, Asset Pricing and Macroeconomics, etc.
Finally, students select five additional electives from a broad range of economics courses to broaden their knowledge and deepen their professional understanding.
2. Admissions Requirements
Georgetown University has set clear requirements for applicants to the MS in Financial Economics program.
Applicants must hold a bachelor's degree with a minimum GPA of 3.0 on a 4.0 scale. Although an economics major is not mandatory, relevant academic experience and quantitative coursework are beneficial.
Applicants must have completed at least two calculus courses, one intermediate microeconomics course, and one intermediate macroeconomics course. For language proficiency, a TOEFL total score of at least 100 or an IELTS overall score of at least 7.0 is required, along with GRE scores. The application fee is $90. The priority deadline is January 15, 2025, and the final deadline is April 1, 2025.
3. Career Development Prospects
Graduates will be well-prepared for careers in both public and private sectors, both domestically and internationally, especially in commercial banks, international monetary organizations, development banks, central banks, and financial regulatory agencies. The program emphasizes practical skills such as empirical analysis, original research projects, and contributions to policy design and implementation, ensuring that students can quickly grow into professionals in the financial economics field.
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