Why to Enrol in A Master’s in Economics Program with Finance Specialization? – Fascinating Career Path Ahead

An economy cannot be stable without a well-functioning financial sector. Over the years, due to various national and international events including the ongoing pandemic that hit financial sector badly, the working of it has become more complex.  To ensure efficient functioning of the financial sector, it needs well-equipped and trained professionals who can handle tricky tasks. Mainly, financial data analysts are now in high demand. These analysts are expected to have sufficient knowledge of the sector along with the overall economy and to be equipped with the skills of understanding as well as building models that would ensure financial securities to be traded at optimal prices and financial transactions to be done in the most efficient way.

These professionals, depending on their job profiles, may also need to create portfolio of profit generating financial assets that also bear lower risk factors. In this data driven world, an analyst needs to make use of a clever combination of mathematical, statistical, and analytical tools to comprehend the task of determining optimal prices of various financial assets, creating optimal investment portfolios, analyzing risk-return trade off of various assets, and so on. The branch of study that makes you efficient in doing this can be a Master’s degree in Economics with specialization in financial economics that covers the areas of corporate finance, investments and/or banking.

What does a master’s program in economics with specialization in finance exactly intend at?

It is a prerequisite to go through appropriate training and guidance to comprehend the changing structure of financial markets and gain proper skills to act as financial analysts. A perfectly structured master’s program in economics that offers specialization in financial economics helps to become an efficient financial analyst.  This program makes one learn the application of diverse theoretical models to wide range of data using appropriate analytical tools and analyze those data. For example, a student enrolled in this program is expected to develop the skill of optimal price setting for financial assets, build the efficiency in risk analysis and devising risk management techniques in relation portfolio management for investors. Thus, this program helps in honing the skill of efficient financial decision making by developing a sound understanding of the theories and their applications in this field. 

Is this program a right choice for shaping up your career path?

  • Do you want to be trained in financial economics?
  • Do you have adequate prior knowledge of economics and basic mathematical skills?

Then, this specialization in Master’s in Economics program is the right choice if you want to have the best advanced education in the area of financial economics.

The students that are the most suitable for this Master’s programme-

  • Must be ambitious to learn the modern finance.
  • Must be comfortable with the application of quantitative tools, and be eager to solve real-life financial problems.
  • Must be interested in discussing business cases and their implications.

A well-structured program makes you ready for jobs in the domain of of risk management, asset-liability management and research and analytics in national and international financial markets.

Career path ahead as a financial analyst:

While a strong financial system is a perquisite for a well-functioning economy, a financial system performs well only when efficient decisions are made and calculative moves are undertaken at every step.  Financial analysts play crucial roles in this respect as these professionals possess the skill of applying appropriate analytical tools to the raw data available for making intelligent decisions in businesses.

You can act as a good financial analyst only if you have a strong educational background in this field. Besides, it would not also be tough to say that these professionals having such skills tend to get lucrative remunerations from their jobs. With a Master’s in Economics with specialization in Finance, you develop the skill to build your career in the financial and banking sectors as professionals in the areas of financial research and analytics, financial and bank risk management as quantitative analysts.

The demand for good analysts do not come from the banking industry only, but also from a wide variety of asset management firms, exchanges, regulators and various other firms operating in the financial sector.

One does not need to be very strong in mathematics or statistics if you wish to make your career as a financial analyst, but you can still gain the required expertise to become a good financial analyst if you enrol yourself in a well-structured PG program in Economics with a specialization in Finance.

Expanding Opportunities in International Economics

Economics and international affairs are inextricably linked. As the globe and politics become more complex and intertwined, there is an increasing demand for experts who understand how to navigate these regions. Economics efficiently mixes liberal arts and applied professional training, preparing graduates for a wide range of options and successes in graduate and/or professional education such as law or administration. Students who obtain an economics degree will have a deep understanding of the national as well as the international economy and will be able to think critically about the issues that businesses face. Today’s firms reward economics students with comprehensive analytical training and recognize their success in managerial decision-making. Opportunities exist for economists at the local, state, national, and international levels, as well as in the corporate, non-profit, and public sectors.

International economics, which includes International Trade and International Finance, examines the role of economics in constituting and affecting the interdependent nature of the world, which involves economic growth and productivity, international trade and finance, taxation and public expenditure, and the foreign exchange market, and monetary policy.

Students of international economics develop a strong ability to objectively examine the role of economics on both political and social levels by examining the different institutions – such as markets, firms, and unions – that constantly alter the worldwide arena. They also develop a comprehensive idea about the role of economics in global conflicts and stabilization, based on the notion that economics and world affairs are intimately linked. Students who specialize in international economics are thus prepared to apply their knowledge to a wide range of global concerns, from international policy to regional economies and more.

Adamas University offers international economics courses at both the undergraduate and postgraduate levels. The program’s interdisciplinary approach mixes economics, finance, and international politics.

Career Opportunities in International Trade

International trade is expanding every day, and it takes a variety of expertise to make it work, from the marketing specialist to the international law attorney to the shipping experts who can keep track of what’s arriving and going. Marketers create, stage, and launch campaigns to promote businesses, products, and services, international lawyers stay up to date on international finance law and bilateral trade agreements, and shipping experts handle the logistics of moving products across borders and oceans. Because international trade is a gigantic company with huge risks, but the payoff may be just as large, it demands a team effort.

With the rapid globalization of markets and the dismantling of trade barriers under the new World Trade Organization (WTO) regime, highly rewarding job opportunities are becoming available to professionals trained in export-import or foreign trade management. A career in international trade offers a lot of promise, with job openings in marketing, paperwork, shipping, and packing departments of export-import companies and in commercial corporations’ export divisions.

International trade produces jobs at all levels, be they in shipping, manufacturing, or business management. The list below offers an overview of some specific career paths—

International Business Development

  • Policy and Planning Analysts
  • Project Director and Manager
  • Global Trade Analyst
  • International Business Development

Global Marketing

  • Regional Trade Marketing
  • Export Sales Representative
  • International Sales Manager
  • Export Marketing Representative

Supply Chain Management

  • Logistics and Supply Chain Manager
  • Procurement Manager for International Company
  • International Shipping Specialist
  • Operations Manager
  • Storage and Distribution Manager

Trade Finance

  • Trade Finance Officer
  • Credit Insurance Specialists, etc.  

Businesses exchange goods and services across boundaries and regions, which is why international trade is so important in the global market. It’s a fast-paced, dynamic industry that requires a thorough understanding of operations and managerial skills to flourish.

Career opportunities in the field are both lucrative and plentiful, thanks to advances in globalization and international commerce—from analysts to business development professionals, energy brokers to logistic customer service coordinators, and international trade consultants.

Course on International Trade and Finance

The international economics course is a detailed exploration of how international trade. It begins with the basics of price theory to advance the different standard trade theories that evolved. The course also helps the students understand the applications and techniques essential in the field of international trade policy. An introduction to international finance is also to be provided to the students, preparing them for the contemporary debates from the perspective of third-world countries. International finance emerges from transactions in the capital account, which get a place in multi-currency balance sheets and income statements. In this context, students learn the behavior of exchange rates and the risks in fluctuations of the exchange rates.

Students study not just trade theories but also discover trade possibilities, and understand global finance capital, the applications, and procedures in the field of international trade policy, and the international monetary. Because this curriculum places a strong emphasis on putting theory into practice, students can see how the knowledge they have acquired during their studies will be put to the best possible use in the workplace.

Given the changing international environment, a postgraduate degree in international economics provides students with a wealth of opportunities to learn how to trade internationally, how to support the development of international trade personnel, and how to develop the ability to manage, formulate strategic options, and define business winning propositions in an international trade environment. Employers require all these talents to enable them to engage in a dynamic and changing global context.

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