I'm in a dual program for and MA in Economics and an MS in Finance. I've knocked out most of my classes for a solo MA degree and I've only take a couple electives towards the finance degree. I'm having second thoughts on the dual program now and wondering if I should just graduate in the spring with the MA Econ or push on till summer/fall for the dual. I know if I want to teach econ at the college level I need the PhD and neither degree really matters, but I don't know about the business world. Frankly I don't know much about finance careers at all. Is having the dual worth it? Does the business community look at a finance degree as someone too lazy to push into accounting, our are there vaild fields that want such talents? I know about stock brokers and bankers- is there anything else out there besides those? Are these jobs I can only get with a finance degree, or are they just as attainable with an Econ masters?
Higher Education (University +) - 6 Answers
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Since you probably have most of the credits needed..look at an MS in financial engineering...at my old school Baruch, they are starting at $130,000...............it is the HOT degree right now.and Wall St gives bonus....................... good luck
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If you're within a semester or two of finishing the MS in finance, definitely push on through--a master's degree in finance opens up a lot of job opportunities that the MA in economics won't. And no, employers won't see you as too lazy to do accounting--finance is one of the most in-demand specialities in business right now. You might want to check out the Occupational Outlook Handbook online for information about jobs in finance.
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Really you need to make up your mind about what you want to do once you have finished school. Do you want to teach? Then go for the PHD and begin doing work as a Teaching Assistant (T.A.) now. If you want to work in a bank or as a stock broker you should talk to someone who does that kind of work. They will be able to give you the best info as to what you should do education-wise right now. My opinion: either degree is just as well as the other; it really depends on what you want/like to do and how hard you are willing to work at acheiving your goals within that mileau.
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I cannot speak specifically to your situation, but I know of one person who is taking a dual Masters, and going to take a dual PhD, in two different but supporting areas. Also planning on finishing his Teaching certificate between. It is hard to be too educated, and having a broad range of information available makes life more interesting to yourself at least, but also may help in future problem solving. I only have one batchelor's degree, but took a wide variety of courses, so I would be within a year each of 3 more degrees (one of them a Master's) and a certificate. I have never regretted taking so much education, as while it has not made me more money, it has helped me in all sorts of problem solving, as I know many approaches to many problems. And has made me more conscious of aesthetics, so I can enjoy more widely. And design aesthetically also, if the occasion arises. And helps me understand more aspects and interrelationships of the world we are obliged to live in. My recommendation is always get all the education you can in as broad a range of areas as you can, and I doubt you will ever regret it.
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First, if you're contemplating working in academics then apply to a ph.d program. Don't bother getting another masters as it's going in the wrong direction. Finance has many areas of speciality. It has little to do with accounting too, they cover different aspects of a business. With an econ degree, you will probably be most interested and familiar with the investments aspect of finance. An MS finance program in such will focus on application of investment theory more so than the theoreticals.
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