In recent years, with the opening up of China's financial industry and the reform of domestic financial mechanisms, the demand for financial talents has also grown rapidly, and salary and benefits have also risen. According to statistics, the monthly salary of financial talents is as low as 8,000 yuan and as high as 50,000 yuan. If they can join a multinational investment bank or multinational consulting company, the annual salary will be around 350,000 yuan. So why do you need to major in finance? What are the employment prospects and career development of the finance major? What are the requirements for enrolling a master's degree in finance in the United States?
One
Why study finance?
01
What is finance?
The finance major is differentiated from economics, taking the economic activities of integrating currency and monetary funds as the research object. Specifically, theories and practices of non-bank financial institutions such as banks and securities and insurance, theories and practices of money market, capital market and international financial markets, theories and practices of financial macro-control and the entire financial economy, as well as theories and practices of financial management, especially financial risk management.
02
Employment advantages in finance
The employment prospects are very broad, and employment directions include: commercial banks, investment and investment banks, consulting companies, fund companies, securities companies and other industries, and popular positions
High salary: In the horizontal comparison of salary in various industries, the average salary and benefits of the financial industry are the highest. The monthly salary of financial talents is as low as 8,000 yuan and as high as 50,000 yuan. If you can enter a multinational investment bank or multinational consulting company, your annual salary will be mostly around 350,000
High social status: In the atmosphere of the national market economy, practitioners in the financial industry can feel that they are engaging in a "decent" profession
Fast growth: Working in a completely dynamic market environment every day, you must maintain continuous learning and progress
Rapid promotion: The working environment is relatively open, and talented employees can get rapid promotion
Good treatment and vacation benefits Li
03
Main employment fields and positions in finance
Whether you are a bachelor's degree or a master's degree, the overall employment directions of graduates of finance major include economic analysis and prediction, foreign trade, marketing, management, etc.; if you can obtain some qualification certification, the employment range will be wider, the employment level will be higher, and the treatment will be better, such as franchised financial analyst (CFA), franchised wealth manager (CWM), fund manager, securities broker, securities analyst, etc.
The demand for employment talents in master's degree in finance is mainly concentrated in high-end markets, such as university teachers, fund companies, investment banks, securities companies, insurance companies, trust investment companies, etc.
The following will introduce in detail the popular employment fields, positions, and their development prospects in finance.
2
Popular financial employment fields and development plans
The employment scope of financial talents is broad, mainly concentrated in investment banks, commercial banks, consulting companies, fund companies, securities companies, etc. Next, we will introduce them one by one.
01
Investment banking
The entry threshold for investment banking is very high. In addition to basic professional skills, talent recruitment in this type of direction also has high requirements for professional skills and cultural dimensions, including communication skills, teamwork, project management, etc. In addition, having an international perspective is also one of the qualities they value.
The IBD department of the investment bank is the department that most financial graduates want to go to, and the most traditional investment banking department does only one thing: it is to help customers raise funds. There are generally three financing channels: issuance of shares, issuance of bonds and M&A. The way investment banks make money is to collect commissions to help customers raise funds, which are generally charged based on the financing scale multiplied by one percentage.
The promotion route of IBD is usually: 2-3 years of analyst (Analyst) → 2-3 years of assistant (Associate) → several years of vice president (Vice President) → several years of executive director (Executive Director) → Managing Director (Managing Director).
Generally speaking, many people who have been an analyst for three years will choose to study MBA, and most of the people who jump out of IBD are VC/PE.
02
Bank
Bank is one of the main choices for graduates from finance majors, mainly because banks have stable income, lighter pressure and higher welfare levels.
The positions for financial graduates are mainly divided into two categories: basic service categories such as customer service, and professional positions such as financial research. Graduates should first make this kind of basic professional reserve, and most of them need to rotate and accumulate experience. The promotion path is as follows:
A teller who has worked for 3-5 years usually transfers to the position of account manager and lobby manager. However, it is difficult to promote the lobby manager again, and usually you still need to transfer to an account manager. Account managers usually need to have their own core clients.
Generally, the deposit of the account manager is stable at more than 50 million yuan, and his working years are more than 3 years. He will be included in the reserve talent pool and will be promoted to business manager in one year; if the deposit is stable at 100 million yuan, he will be promoted to the assistant general manager of the department, and he will enter the middle-level cadre sequence with an annual income of about 600,000 yuan.
Of course, there are also account managers who are converted to risk managers and then promoted to credit review. They are taking the "approval" path, specializing in economics, industries, financial accounting knowledge, regulations and policies, and non-performing loans.
Many account managers are also poached by banks, private equity or other partners during their work because of their abilities, their work or their mastery of certain resources. This situation is actually very common. The key is that they need to have the highlights that others value.
03
Trust and securities
Trust and securities have relatively high thresholds, and they generally prefer experienced job seekers, but some companies will also open a certain number of recruitment places for fresh graduates every year. Trust personnel generally start with assistants when entering the industry, and then be promoted according to the path of trust managers and senior trust managers. Then they may reach the director level and be responsible for business work.
Of course, there are two promotion paths from the front-end and back-end positions. The front desk is actually the promotion path for most job seekers who want to work in the securities industry: Relationship Manager → Senior Account Manager → Regional Manager → Marketing Director → General Manager of Sales Department.
The backend includes investment consulting, customer service, counter, risk control, administration, etc. Securities qualifications are required. The general career path is: Clerk → Department Manager → Director → General Manager of Sales Department.
04
Fund venture capital
Relatively speaking, fund venture capital companies pay more attention to comprehensive qualities and practical experience, so there are fewer recruitment for fresh graduates.
The fund venture capital industry has a feature: it requires a very strong understanding and learning ability of technology, business models, and business logic. Therefore, when recruiting fresh graduates, most fund venture capital companies hope that job seekers will have a background in science and engineering during their undergraduate studies. Because this industry has high requirements for comprehensive literacy and it takes too much time to train a college graduate, it generally only recruits few fresh graduates every year, and their job development path is the same as investment banks.
In the fund circle, the most mainstream executive promotion path for PE/VC funds in the primary market is: Analyst → Investment Manager/Associate → Vice President → Director → Managing Director → Partner → Managing Partner (Managing Partner)
05
Insurance industry
After the finance graduates gradually cultivated their experience in insurance marketing and risk management in the insurance industry, their career development space is still very large. Although the salary returns in the insurance industry may not be as high as those in investment banks, it is relatively stable and has a lot of room for development, which is also an excellent choice for girls who need to assume more family responsibilities. Therefore, friends who want to get a solid return may wish to consider the insurance industry as an option.
Representative enterprises: French AXA (AXA), German Allianz Group (Allianz), Dutch International Group (INGGroup), American International Group (AIG), Zhongli Insurance Company (AssicurazioniGenerali), etc.
06
Consultation industry
The consulting industry mainly refers to IT consulting, strategic consulting, marketing consulting, auditing, listing guidance, etc. Large multinational consulting companies include: Bo , Accenture , McKinsey, Boston, Bain, Cegee , Rolland Berger , Kelny , Morit, Deloitte, Boss, PwC , etc. The well-known local consulting companies include: Hejun Consulting, Xinhuaxin, Yuanzhuo, Hamp, Huaxia cornerstone , etc.
07
Regulatory department
Working to the regulatory department is also very suitable for postgraduate students in finance. First of all, finance is based on macroeconomics, based on macro-control of the financial market, professional applications are easier to start, and policy grasp is relatively in place; secondly, after three or five years of re-entering in the industry management department, you can at least get middle-level or above positions in the middle-level and above. The limitation is that it is difficult to enter these industries and may also require background support. It is difficult for undergraduates to enter unless they are indeed very good. Representative industries: relevant government departments
Three
Analysis of popular financial positions
01
01
Bank customer service
For graduates, the basic service work of banks is still the main delivery direction, and the number of recruitment is more than 10,000 yuan per year. The work content is mainly personal business and corporate business, and the work intensity is relatively high.
The threshold for this position is low, and most of them only need to graduate from undergraduate studies. At the same time, the incremental demand in first-tier cities has decreased, and more demands are distributed in small and medium-sized cities.
02
Account Manager
There is a high demand for financial talents in securities, banks, trusts and other institutions, and the corresponding positions are brokerage brokers, account managers, and trust managers. This type of position requires the ability to maintain customer relationships and establish customer resources, high requirements for communication and customer management capabilities, and pressure for performance appraisal.
03
Securities broker
The recruitment demand of the securities industry is related to the heat of the investment market. When the stock market is good, the recruitment demand of securities will be more active. Securities brokers are also marketing positions, and their main jobs are customer development and services, securities investment and financial products and business promotion, and commission ratios.
This position will give priority to those who have obtained professional qualifications or special qualifications for securities brokers.
04
Securities analyst/financial researcher
The main job of this position is to analyze the securities market, securities values and trends, and publish research reports to investors or institutions.
This type of position requires master students who have systematically studied securities analysis, finance and other knowledge, and it is best to also understand accounting and finance, audit knowledge, and have good customer communication and expression and professional writing skills.
05
Investment banking salesperson
The entry threshold for investment banking is very high. In addition to basic professional skills, talent recruitment in this type of direction also has high requirements for professional skills and cultural dimensions, including communication skills, teamwork, project management, etc. In addition, having an international perspective is also one of the qualities they value.
06
Company management positions
Most students participated in some social practices during their Master of Finance degree and had certain work experience. Therefore, when they officially entered society, they could also find some management positions, such as production management, administrative management, personnel management, financial management, etc. Representative enterprises: available in all walks of life.
Four
Analysis of American Master of Finance Application
As one of the most popular majors for applying for graduate programs in the United States, the American Master of Finance has attracted countless outstanding Chinese college students to study finance for its rich research direction, practical course content and strong career development potential. Next, let’s introduce to you the application profile of the Master of Finance in the United States.
01
Opening a Master of Finance in the United States
1. Opening a school
The top 30 in the United States There are not many famous universities that offer specialized finance majors. The main schools include: Princeton University , Columbia University , MIT , Johns Hopkins University, BGS St. Louis, Vanderbilt University , USC , Boston College, University of Rochester, Brandeis University, Northeastern University, University of California, Irving, University of California, San Diego, University of Illinois, and Tulane University.
2. Open a college
American finance is mainly located in a business school or a school of management, and the corresponding projects are mainly Master of Science in Finance (MSF) and Master in Finance (M.Fin.). There are also some projects that focus on opening a major focus is a direction of finance, such as MS in Global Finance and MS in Risk Management at at NYU.
3. Project duration
Most of the projects opened are one year, and a small number of projects are one year and a half, which cooperates with the CFA (Chartered Financial Analyst) exam.
4. Course settings
The courses offered in finance are mainly related to finance and financial markets. The courses offered mainly include: financial analysis, investment management and analysis, securities management and analysis, corporate finance, financial management and analysis, economics, metrology, accounting, business ethics and strategy, risk prediction, mathematical analysis, etc.
02
Hard conditions require
If you want to rank among the top 60 schools in the United States, the background of undergraduate schools is best to be a school with stronger financial categories
If you are not applying for top 30, the school does not particularly value the background of 985 and 211. If the average score of the score is above 85, it is more competitive.
TOEFL 100+
GMAT requires a score of 700 or above to be more competitive, and above 680 also have the opportunity to apply to schools with a ranking of around 30
03
03
Soft background requirements
In terms of soft requirements, finding a good internship is very important for applying to prestigious schools. However, internships in general state-owned banks, such as Bank of China, are actually not very meaningful because they cannot access the core work content; internships in insurance companies in Hong Kong are helpful to students, but they are still a bit weak when applying to top universities.
If you want to apply for a good school, it is recommended to find the following two types of internships:
Four major: It is recommended that students in big cities choose winter vacation internships, because the annual review tasks of the four majors at the end of the year are relatively large, and they need more interns, and they can also come into contact with more core audit work
Domestic securities companies: such as CITIC, CICC, CITIC Construction Investment and other large securities companies. In American schools, this type of internship is relatively valuable. It should be noted that the business department is actually not very helpful for application. It is best to enter the core departments such as the research department, investment banking department, etc.
04
Administrative background requirements
Master of finance in various schools in the United States For applicants' background requirements, we can roughly divide schools into the following categories:
Schools with strong computer or engineering backgrounds pay more attention to the reputation of top universities in China, and at the same time require students to have relatively strong logical thinking skills. It is not recommended that pure literature and business students apply to
Schools with strong scientific research skills pay attention to GPA.For example: Brandeis, Texas Austin, the GPA is mandatory not less than 3.5/4
Schools that focus on internship and work ability, such as Boston College: When the project is opened, it basically only recruits students with work experience. Students who have admitted fresh graduates in the past 4-5 years have relatively strong internship experience
Schools that students with liberal arts and non-financial backgrounds can apply to: such as Tulane, Duke (financial direction under management), Fordham (International Finance), Pepperdine (Financial Analysis, International Business), etc., do not mandate the undergraduate background and the requirements for pre-study courses are not high
There are financial projects but in schools with fewer admissions in China, such as Vanderbilt University, Chinese students are less than 8%, UC Berkley has applied for domestic students in the past two years, and UCB prefers students with international backgrounds
05
American Master of Finance School Selection Strategy
1. Five major business districts: Recommended
Northeast, New York, Boston, New Jersey, Washington html l2DC
2. Great Lakes: Recommended
The Great Lakes: Recommended
� The financial center for development, Georgia itself is the American TV and radio media center, and it is also the headquarters of Coca-Cola. It has a high demand for the financial industry.
Miami , Orlando, etc.: Representative colleges include GIT, University of Florida , University of Miami , University of Miami , etc.
The San Francisco : UCLA and UCB mainly recruit metalworking majors. Those who apply for business finance can consider USC, UCSD, UCI, Pepperdine, etc.
The relative admission rate of the University of Washington is a bit low. The students who apply directly from this school will have more
5. Texas in the south: choose carefully
Representative cities are Austin, Houston, and Dallas. Students in finance are not recommended to choose, because these places' main industries are mainly heavy industry, energy, oil, geology and geothermal, and finance belongs to the service system and is not particularly developed.
5
Addressing of popular projects for Master of Finance in the United States
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01
Introduction to Finance in San Diego, California
1. Project introduction
Master The Finance program is provided by UCSD's Rady Business School and is a STEM program with an international student having an OPT of 36 months after graduation. This master's program in finance focuses on quantitative methods, empirical work and financial econometrics.
San Diego, California has rich teaching experience in application and theoretical econometrics. The program focuses more on students' mathematical abilities and data processing abilities.
Students will learn cutting-edge methods of "big data" used to analyze financial decision-making and risk management. Suitable for students with excellent quantitative skills, strong interest in a financial risk management analysis foundation, and want to contribute to the financial sector. Students can choose to complete the course within one year or within fifteen months, with the last three months mainly in internships. I will return to the college after the internship.
2. Application conditions
Equivalent to the fourth-year bachelor's degree in the United States
Students who prefer mathematics and physics majors, or students with strong background in mathematics.When applying, provide detailed information on computational programming experience (e.g. C++) as well as statistics, econometrics and math applications and tools (e.g. SAS, Stata, MatLab, R, S-Plus, Mathematica) mastery
GPA has no clear requirements, last year's average of 3.44
Last year's average of 3.44
Average TOEFL 90+, average of 100/IELTS 7+
GMAT has no minimum score requirement, and the average of previous years is 720
There is no work experience required, but it is strongly recommended to have more than one related internship
3. Course settings
The Master of Finance program is a 52-credit STEM program. It includes 4 core courses, 8 four-credit elective courses and 1 four-credit seminar for a total of 13 subjects. It is expected to be completed in 4 semesters, which is a full year. Before the project begins, there is also a Pre-Term Orientation that lasts about 2 weeks.
Compulsory core courses
Financial accounting
Investment analysis
Advanced financial risk management
Financial econometrics and empirical methods
Alternative course
Master students of finance must complete 32 credits of elective courses, including professional development courses. The following is a list of elective courses:
Business prediction
Behavioral Finance
Corporate financial valuation
Real estate finance
Mergation, acquisition and company restructuring
New risk financing
Random calculus and continuous time finance
Financial statement analysis
Calculation of financial methods
Big data analysis
Collect and analyze financial data
Professional development courses (Masters of finance students must complete professional development courses)
4. Employment situation
Rady College Master of Finance graduates has Goldman Sachs, JP Morgan (Jp Morgan Chase, Almetis, CITIC Securities (Citic Securities), Drobny Capital, large global consulting firms (Rayliant), Gultin Municipal Bond Management, Phoenixmart, Meritco Services, Multidimensional Fund Advisors, UBS and Stanford University, etc. Students can make the most of these alumni resources to find internships and employment opportunities.
5. Application materials
●Online application form Application Form
●Copy of the university's official transcript, send it to Transcripts
Additional Resume & CV
Address Quantatitive Background
Recommendation
Recommendation
Recommendation
Recommendation
Regulation TOEFL, IELTS, or PTE Score
� Fee
02
Address in Finance at Johns Hopkins University
1. Project introduction
The Master of Finance at Johns Hopkins University is set up to improve advanced quantitative analysis skills, be familiar with financial business strategies, and respond to financial market challenges. The project covers Economics, Accounting, Corporate Finance, Investment, Risk Management, Strategy and other content. For students who want to work in financial analysis, financial management and financial supervision in the future, the project is the most suitable.
The experienced professor will lead students to give an expert understanding of the current latest topics and trends, such as global trading trends, advanced hedging funds, investor behavior, etc., and achieve generous returns by applying robust asset management and risk knowledge tools. Students will also have the opportunity to use cutting-edge technology, financial methodology and financial models to deal with complex issues in the global environment. While gaining a solid foundation of financial knowledge, students' innovation, critical thinking and moral leadership will also be improved.
The full-time project requires 36 credits. The course is open on the two campuses of Baltimore and Washington, DC . It is a 1-year high-intensity intensive project with team collaboration throughout the course. The project is open on both campuses, namely the Baltimore campus or the DC campus. The Baltimore campus is located at the headquarters of the Legg Mason Financial Center. All small and small enterprises on the DC campus are available, so you can choose the campus that suits you according to your preferences.
2. Application requirements and suggestions
From the admissions of the school in previous years, the number of admissions for each session of this project exceeded 150, but the application requirements are not low. The undergraduate grade point GPA is required to be no less than 3.2, the TOEFL minimum score is 100 or 7 IELTS, and the GRE/GMAT score is required. In addition, the application for this program requires students who have obtained degrees outside the United States to undergo grade certification. Considering the additional time required for grade certification, it is recommended to prepare separately in advance.
From the feedback from students in this school, more than 90% of international students (mostly Chinese students) are admitted because the students are optimistic about the high ranking of the school. In addition, the first round of this project ends relatively early, usually in mid-October. It is recommended that interested students prepare to submit their applications as soon as possible.
3. Employment situation
The business school where the project is located has relatively complete employment guidance, including the Career Conference, the Professional Development Course, the Individual Career Advising and the Employer Visit, providing personalized guidance services in all aspects. Therefore, it is recommended to prepare early and confirm your career development goals as soon as possible.
The project has no clear statistics on where the graduates are going, but the graduates of the Carey Business School are spread all over the world, and some of them represent companies, such as Citibank , Citizen Bank , Deloitte, General Electric, IBM, Johnson & Johnson , Microsoft PwC and other Fortune 500 companies have hired Carey graduates. The project relies on alumni strength and employment support, and internships and employment opportunities are quite considerable.
4. Tuition fee
Full-Time $64,000 (for entire 12-month program)
03
St. Louis Washington University
1. Project introduction
St. Louis Washington University, named after the founding father of the United States, George Washington , was founded on February 22, 1853. The school is located in St. Louis, Missouri, USA. It ranks 19th in the US News 2019 comprehensive ranking of American universities and is a world-class university.
Master of Science in Finance (MSF) is located under Olin Business School on the Danfoss campus. The program is rigorous and comprehensive, and aims to provide students with in-depth knowledge related to securities research, asset management, derivative pricing and fixed income.
2. Project branch
Corporate Finance & Investments (MSFC) (11 months)
Wealth and Asset Management (MSFWAM) (November)
Quantitative Finance (MSFQ) (17 months)
All branches combine mathematical tools and their ability to understand business decisions.In addition, a global financial project, Global Master of Finance (GMF) (4-6 semesters) has been specially prepared for the long-term development of students.
3. Course settings
Branch 1: Corporate Finance & Investments.
MSFC is committed to allowing students to explore more in-depth fields such as financial markets, financial modeling and fundraising, while also preparing for the CFA Level 1 exam. Core courses include Investment Theory, Financial Markets, Economics of the Organization, Money, Capital Markets, and Economic Growth and Venture Capital and Private Equity.
Branch 2: Wealth and Asset Management.
MSFWAM In addition to focusing on financial markets and financial modeling, this branch course also focuses on enhancing students' understanding of financial revenue and expenditure plans, market value ratios and investment ratings. Key courses include: Wealth Management Practice, Behavioral Finance, Hedge Fund Strategies and Endowments, Foundations, and Philanthropy. Such courses can help students prepare for the CFA Level 1, CFP, Series 7, or CAIA exam.
Branch 3: Quantitative Finance.
The MSFQ course will cultivate students' relevant skills in financial engineering and help them to join major world-class financial institutions more smoothly. Core courses include: Data Analysis for Investments, Fixed Income Securities, Quantitative Risk Management, and Mathematical Finance.
4. Application conditions
Focus on the applicant's academic ability, professional potential, leadership, communication and interpersonal skills, achievements and application purposes. It is recommended to have GPA of 3.5 or above, TOEFL or above, and GMAT or above. Work experience is not mandatory, but it is recommended to have internship experience.
5. Pre-requisite course requirements
Branch one and two require to have studied calculus, statistics and microeconomics in the pre-requisite courses. Branch three requires students to have the ability and enthusiasm to solve problems in the field of quantitative finance, so they are especially suitable for students majoring in mathematics, computer science, quantitative economics, engineering, physics and statistics. In addition, this project has no rigid requirements for work and internship experience.
6. Application materials
Resume
Two documents
GRE/GMAT score
GRE/GMAT score
University transcript
Language score
Language score
Application Fee
No recommendation letter
04
University of Rochester Introduction to Finance
University of Rochester is a famous private research university in the United States, a member of the Association of North American University (AAU) and a member of the World University Alliance, and ranked 33 in the 2019 US News ranking. The Simon Business School of the University of Rochester is a top business school in the United States. It ranked 5th in the world in Financial Times in 2018, and the Wall Street Journal 2 ranked Simon Business School as the 6th best business school in the United States. Simon Business School’s courses are based on analytical and economic knowledge, and the school’s teaching methods are designed to solve various challenges in today’s big data environment, providing students with a solid framework foundation.
The finance major of Simon Business School is a very competitive major. It not only has a good ranking, but also has many advantages in courses and employment. MSF is a STEM program dedicated to developing students’ data analysis skills and professional ability to cope with today’s global markets. Students can complete their studies in 11 months or extend to 17 months of additional internship programs. Students who already have an MBA can also complete the project in 9 months.
2. Course settings
This project has two branches, namely 11–month program of study (non-internship track) and 17–month program of study (internship track). The course consists of compulsory and elective courses.
Compulsory courses: financial statement analysis, capital budget and corporate goals, investment, corporate finance, fixed income securities, master's core economics courses, master's core statistics courses, communication business decision-making.
Electronics: Options and Futures, Financial Cases, Organizations and Policy (choose 2 of the above 3 subjects). Accounting Management and Control, Financial Reporting, Advanced Business Modeling, Financial Institutions, Investment and Trading Strategies, International Economics and Finance, Macroeconomics, Real Estate, Project Courses, Entrepreneurship Finance, Private Equity (Choose 4 above).
3. Application conditions
The Simon Admissions Committee will conduct a comprehensive examination of the applicant's academic ability, professional potential, leadership and social activity participation, and select talents with high matching degree with the college. It is best for applicants to have a background in finance, economics or other business. This project has no rigid requirements for work experience, but internship experience is still very important.
In terms of language scores, the school recommends that TOEFL ≥100, IELTS ≥7.5, and the scores of each item are at least 7. The college attaches great importance to the communication skills of applicants, which is not only reflected in language scores, but also in interviews. Interview is a very important part of the review. Compared with skills, examiners will be more inclined to learn more about the applicant, including personality, interests, etc., and then test the applicant's communication skills and skills.
4. Application materials
Online application form
Classification Essays
Resume
GMAT/GRE Score report
University transcript, send
Admission letter 1
150 USD application fee
5. Employment destination
3 MSF graduates mainly involve corporate finance (Business development, Cash management group, Financial analysis, Municipal securities and US Department of Treasury), investment management (Equity research, Fixed income, Investment research, Merchant banking and Sales and trading) and risk management (Derivatives risk analyst, Market risk analyst, Portfolio risk analyst, and Valuation analyst).
The employment rate of graduates in this project is 85%, and most of them successfully entered major financial institutions such as Citigroup, Credit Suisse, Accenture, Bank of the West, Morgan Stanley, JPMorgan, PwC, Deloitte and Deutsche Bank, with an average compensation of $5,900.
6. Tuition fee
05
Introduction to Finance at the University of Illinois, Champagne
html Introduction to Finance at the University of Illinois, Champagne1. Project introduction
The seven advantages of UIUC Business School: global practical opportunities, employment guaranteed (95% employment rate), the most advanced teaching equipment and concepts, as well as strong faculty, a century-long history, learning in practice (emphasis on practice and providing numerous practical opportunities), high value and high return on investment, and a strong global alumni network.
The Master of Science in Finance (MSF) majors in 1 year (including three semesters in summer, autumn and spring). It is a fully certified cooperative project of CFA. The MSF courses cover more than 70% of CFA content and teach students the corresponding CFA success preparation tools.
The MSF project has a total of three semesters and starts in August.Most core courses are completed in the fall semester, but due to the student’s background and career goals, some core courses may be replaced or taken in the spring.
2. Application requirements
The GPA in the last two years of college must be B (3.0) or above. The average of previous years is 3.5
TOEFL conditional admission: 79-102; direct registration, no less than 102
IELTS Conditional admission: 6.5 (small scores are not less than 6); direct recording, not less than 6.5
GMAT and GRE are accepted, and there are no specific requirements, but most students in the past submitted GMAT; the average scores of previous sessions GMAT701, GRE317 (V152, Q165)
strongly recommended to take the two courses of university algebra and calculus, and a competency test will be conducted before admission, which roughly includes Functions functions, Graphs, Equations equations; Exponents and Logarithms index and logarithms; Calculus calculus; Probability probability
The direction of quantitative finance requires students to have more advanced and in-depth mathematical skills, and need to master knowledge of multivariate calculus and matrix algebra
Work experience is not necessary, but it is strongly recommended that students have professional work experience
3. Branch direction
Asset Management Asset Management
Commercial Banking Commercial Banking
Corporate Finance Corporate Financing
Finance Research Financial Research
Real Estate and Urban Land Economics Real Estate and Urban Land Economics
Risk Management and Insurance Risk Management and Insurance
Quantitative Finance Quantitative Finance
4. Course Settings
Students must complete 40 credits before they can obtain an MSF degree. 16 credits for core courses, 12 credits for finance elective courses, and 12 credits for other elective courses. Elective courses can be composed of financial courses, which is a common choice for students; of courses in accounting, economics, business management or other fields that are allowed.
Compulsory course:
Financial measurement method
Financial statement
Company financing and valuation
Investment
Financial economics
Electronic course:
The 12 credits of the financial elective course must be taken, and you can choose from the following courses:
Advanced Company Finance
Behavioral Finance
Company Financial Case
Company Financial Case
Company Financial Case
Company Financial Case
l0 Enterprise risk managementCredit risk
Investment experience method
Employee welfare plan
Business risk management
Equipment leasing and financing
Business risk management
Equipment leasing and financing html l3
Financial derivatives
Financial engineering I
Financial engineering II
Financial reporting analysis
Fixed income asset portfolio
Hedge fund
Fixed income asset portfolio
Hedge fund
2
International Company Finance
Investment Management
Real estate legal issues
Macro finance
Financial institution management
Insurance company financial risk management
Mergency and acquisition
Monetary policy
Private equity
Property liability insurance
Real estate finance
Real estate financial market
Real estate investment
Risk management
Main turnover and bankruptcy management
Real estate valuation
The other 12 credits elective courses can be freely selected from other branches
The other 12 credits of elective courses can be freely selected from other branches5. Tuition and Scholarship
Tuition:
2017-2018 Tuition and miscellaneous fees $59,364
Scholarship situation
Excellence Scholarship: According to the applicant's background, all students are automatically considered whether to receive the Excellence Scholarship. The scholarship decision will be made on or before May 1 of the enrollment year. The recipient will be notified by email
Other scholarships: ① Tuition fee reduction and exemption scholarship, only open to local students; ② Gaodun Scholarship: Excellent academic performance is the main criterion for selecting recipients, and this scholarship is open to domestic and foreign students
Opportunities for Assistance in the Assistance of the Research and Teaching
6. Employment situation
UIUC graduates have rich employment opportunities and high quality. Many famous companies will recruit UIUC. MSF graduates can also find jobs in various ways, including online, campus recruitment, job search, headhunting companies and personal contacts. At the same time, UIUC also provides complete employment services - to ensure that students are ready to find jobs during on-campus recruitment in September, the school will guide students' job search skills on Orientation. Therefore, students who wish to participate in career services must prepare a resume before arriving in August. All registered students will receive a resume guide one month before new students enrollment, which provides detailed instructions on how to prepare a resume approved by the MSF program. Graduates working in the United States start salary for the first year is about $63,000 (excluding performance and allowances).
7. Application materials
Resume
Writing statement
Trade card, send
After admission, send
3 recommendation letters
GMAT / GRE score
Application fee
Language score
Property
The above is the relevant introduction to finance employment and study abroad applications brought by the editor. I hope it will be helpful to everyone's application for study abroad.
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