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Master of Science in Financial Economics

Economics and Finance


Master of Science in Financial Economics (MSFE) Overview The Master of Science in Financial Economics (MSFE) is a 36-hour, non-thesis master’s degree program designed to be completed in less than one year (students may take longer, if desired). The MSFE provides academically distinguished and industryoriented students the opportunity to obtain a rigorous, graduate-level finance and economics education in an intensive 10-month program for individuals with an analytical and quantitative aptitude, irrespective of their undergraduate degree. The Master of Science program in financial economics provides students with the analytical and communication skills necessary for effective financial decision-making through the application of financial theory, big data, and quantitative techniques. With ever-increasing financial globalization and competition for employment in the financial sector, it is crucial that professionals prepare for the complex world of finance by building a solid foundation. The MSFE program offers a challenging advanced degree, preparing its participants to become leaders in this rewarding and dynamic field. The goal of the program is to provide students with the quantitative and theoretical tools for a successful career in finance with potential employers such as investment and commercial banks, economic and financial asset management companies, consulting firms, and policy-oriented organizations. In addition to having a strong program, LSU has one of the most beautiful campuses in the country. It is conveniently located on the banks of the Mississippi River, close to downtown and many of the city’s other attractions. New Orleans, one of the top tourist destinations in the world, is an hour drive away. Many outdoor festivals, concerts, and events are held throughout the year and often involve food, music, and socializing in the temperate weather.

STEM Designation Our MSFE program is designated as a STEM program. International students in STEM degree programs can apply for a 24-month STEM extension of their F-1 Optional Practical Training (OPT).


Job Prospects Our courses have been developed to match the needs of employers and are highly regarded within business and government, national and international. Many of our students have gone on to work in major banks, companies, and governments, or pursued careers in academia and education. A postgraduate degree from LSU is career-changing. It can be the springboard to promotion with your current employer, the platform from which to launch a new career, or simply an aid to becoming more effective in your current role. Enhancing your career by studying at a postgraduate level gives a clear signal to employers that you are committed to developing your skills and knowledge. The typical areas in which a MSFE graduate work are: > Bank, economic, and government regulation > Commercial banking > Investment banking > Central banks

Recent Placements Prior graduates received offers from these companies:* American Airlines

Deutsche Bank

JPMorgan Chase

Capital One

ExxonMobil

Kinder Morgan

ConocoPhillips

Goldman Sachs

Regions

Stephens Inc.

Partial list of employers

*

Analytics The MSFE program emphasizes data science and analytics. Data science and analytics tools and techniques are used to extract meaning and value from financial data for financial decision-making.

Financial occupations are expected to grow faster than the national average over the next decade. Financial analyst jobs are forecast to grow 10.9 percent more than the national average. Financial management jobs are expected to grow 18.7 percent faster than the national average. (Source: Bureau of Labor Statistics)


Curriculum & Program Structure The MSFE program is 36 semester hours in length and is intended to be a full-time, three-semester program. MSFE students are required to successfully complete at least 18 hours of finance courses, including three required courses. The remaining 18 hours should be chosen to support their career goals. In addition, 18 hours or more have to be 7000 (or higher) level classes. Summer Intersession

Credit Hours

Financial Analytics I

2

Fall Semester Introduction to Advanced Microeconomics

3

Introduction to Advanced Macroeconomics

3

Advanced Econometrics

3

Financial Statement Analysis

3

Advanced Financial Management

3

Financial Economics in Practice

1

Fall Intersession Financial Analytics II

2

Spring Semester Investment Analysis and Portfolio Theory

3

Finance, Economics, or General Electives (4 courses)

12

Financial Economics in Practice

1

Contact the MSFE program advisor to tailor a curriculum path unique to your needs.

Admissions Policies Applicants for the MSFE must meet the requirements for admission to the LSU Graduate School and the MSFE program. Detailed information can be found in the prospective students section on the LSU Graduate School’s website. Please note that meeting the LSU Graduate School requirements and those specific to the MSFE program does not guarantee admission. The MSFE program has the following requirements. Domestic applicants should submit their application by April 1 for fall admission and by November 1 for spring admission. Foreign applicants should submit their application by March 1 for fall admission and by September 15 for spring admission. > GPA should be at least 3.0 (A = 4.0) > GMAT or GRE: We target a GMAT score of 600 or a GRE score of 290 with emphasis on the quantitative scores (i.e., a score of 155 or higher on the quantitative section of the GRE). > TOEFL/IELTS/PTE: A minimum TOEFL score of 80 (internet-based exam) or 213 (computer-based exam); or a minimum score of 6.5 on the IELTS; or a minimum score of 59 on the PTE is required for international students.


> References: Two letters of recommendation are required. At least one letter should be from a current or previous professor. > Statement of Purpose: Include a two-page summary of your purpose for applying to the MSFE program. It would be preferable for students interested in pursuing the MSFE to have a STEM or business background, but it is not required.

Specializations & Certifications For those with undergraduate degrees in accounting, the MSFE program offers accounting electives for individuals to reach the 150-hour requirement for the CPA exam while pursuing an MSFE. Also, the program offers Bloomberg certification and excellent preparation for individuals seeking to become CFA and CFP certified. Moreover, students may participate in LSU’s prestigious Internal Auditing Program. As part of this world-class program and curriculum, MSFE students receive highly competitive intern positions with some of the nation’s most esteemed firms. The E. J. Ourso College of Business offers a graduate certificate in econometrics and an online certificate in analytics. MSFE students may design a sequence of courses to earn certification while completing the required master’s classes.

Advanced Resources Through the LSU MSFE program, students have the latest and most advanced educational resources at their fingertips. The Securities Markets Analysis Research and Trading (SMART) Lab allows students to access the latest technology in securities analysis, research, and trading, while the Student Managed Investment Fund allows students real-life practice managing a portfolio.

Financial Assistance There are a number of scholarships and/or assistantships available to well-qualified candidates. All applicants will be considered for scholarships and assistantships. The scholarships vary in value from $1,000 to $5,000. The assistantships carry a competitive stipend and include a full tuition waiver (the student will be responsible for university fees). Students holding full-time assistantships are expected to work 20 hours per week.


LSU E. J. Ourso College of Business

@LSUOursoCollege

@lsuoursocollege LSU E. J. Ourso College of Business

lsu.edu/business/msfe finance@lsu.edu 2900 Business Education Complex ¡ Baton Rouge, LA 70803

1C • 09/20


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