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Welcome to the exciting world of financial economics!
Imagine having the power to predict inflationor delve into intricate analyses related to wages, markets, and monetary policies for corporations, governments, or on a global scale. If you're adept at mathematics, data analysis, critical thinking, and communication, this career field could be your oyster. It offers high value, broad professional flexibility across research, policy-making, risk management, especially in finance and public sectors.
Skills Needed
Proficient with computer programs and math concepts such as calculus and linear algebra.
Competent at deep research methods like survey creation, data collection, and analysis using statistical tools.
Able to build sophisticated mathematicaland analyze financial trs through software proficiency.
Critical thinking skills for interpreting results and recognizing patterns that help forecast complex market dynamics.
Communicate findings effectively both in writing and speech, catering to colleagues or non-specialist audiences. Data is often presented visually like charts and tables.
Career Prospects
With a bachelor's degree, you can secure an average starting salary of $61,000 base and report job satisfaction rates around 4.55 according to payscale.com. In the long term, consider these career options with their respective median annual salaries from the US Bureau of Labor Statistics as of May 2022:
Economist$113,940
Actuary$113,990
Financial Analyst$96,220
Budget Analyst$82,260
Data Scientist$125,170
Each involves using data and analytical skills to inform decisions.
Skills and Education for Success
Master of Science in Financial Economics focuses on applying financial theories with data analytics. You'll hone your quantitative capabilities, build strong modeling techniques relevant to finance research, policy-making, or risk management.
Bachelor of Science in Financial Economics is geared towards developing comprehensive scientific knowledge pred with math skills for economic analysis within business contexts. The program emphasizes critical thinking skills and testing applied.
Ready for a Career in Financial Economics?
If you're passionate about analyzing complex business questions that influence individual actions, systems, or societal impacts, financial economics might be the perfect field for you. Not only is it financially rewarding, but job satisfaction and market demand are forecasted to grow significantly over the next decade.
For more information on Illinois Tech's Master of Science in Financial Economics program including scholarship opportunities, part-time and evening courses, and practical work experiences, contact Brian Albertsen, Director of Recruitment and Enrollment Strategy at Stuart.
Visit: https:www.bls.govoohlife-physical-and-social-scienceeconomists.htm#tab-4https:www.bls.govoohlife-physical-and-social-scienceeconomists.htm#tab-4
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Predicting Inflation with Financial Economics Skills Master of Science in Financial Economics Overview Career Opportunities in Financial Analysis Data Scientist Roles in Finance Sector Bachelors Degree Benefits for Economists Illinois Techs Program for Economic Studies