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Applied Financial Economics, M.S.

Saint ÀË»¨Ö±²¥ University's Master of Science in Applied Financial Economics (M.S.-AFE) at the Richard A. Chaifetz School of BusinessÌýis a one-of-a-kind program in the region that responds to the market need for individuals to enter the labor market with applied technical skills.

SLU's STEM-certified M.S.-AFE program consists of 30 credits that can be completed full time in one calendar year. No work experience is required, which means that students can transition into the program upon achieving their undergraduate degree. The program can be pursued part-time for up to five years, making it ideal for working professionals.Ìý

Curriculum Overview

Saint ÀË»¨Ö±²¥ University's Master of Science in Applied Financial Economics is a quantitative-based, applied program that focuses on the analysis and forecasting of financial variables such as interest rates, stock returns and their effects on financial markets. It responds to the market need for individuals to enter the labor market with a set of applied technical skills.

The M.S.-AFE program consists of 30 credits that can be completed full-time in as little as one calendar year. As a prerequisite, the program also requires nine credits of foundation coursework in economics, accounting and applied business statistics, part or all of which may be waived for students demonstrating competency through previously completed coursework. No work experience is required, which means that students can transition into the program upon achieving their undergraduate degree.

Careers

According to the U.S. Bureau of Labor Statistics, the outlook is bright for individuals with graduate degrees who have skills in quantitative analysis and the ability to apply quantitative analysis to economic modeling and forecasting.

Graduates of the applied financial economics program will be qualified for a range of analysis-related jobs. Possible positions include:

  • ÀË»¨Ö±²¥ analyst/associate/assistant
  • Policy analyst
  • Data analyst
  • Staff economist
  • Strategy analyst
  • Business economist
  • Securities analyst
  • Market forecaster
  • Instructor (e.g., university non-tenure track)
  • Doctoral student

The programÌýis STEM-certified, allowing F1 students who graduate from our program to apply for an OPT extension.Ìý

Admission Requirements

The Chaifetz School uses a holistic admissions approach to carefully evaluate all applicants, considering every aspect of their application. While an undergraduate degree is required for admission, a business background is not. Applicants must submit their:

  • Transcript(s) from all previously attended institutions
  • 1-2 letters of recommendation
  • ¸éé²õ³Ü³¾Ã©/°ä³Õ
  • Professional goal statement of fewer than 500 words

Applications are reviewed on a rolling basis once all application materials are received. The average time for admissions decisions is two weeks.

Requirements for International Students

Applicants who are not U.S. citizens or permanent residents will also need to submit:

  • English Language Proficiency Scores:ÌýFor non-native speakers of English, an official English language test score report is required and must be sent directly to the institution. Scores should be no more than two years old. This program requires a TOEFL score of 80 and an IELTS broadband of at least 6.5 or a Duolingo score of 110.
    • The Graduate Programs Office reserves the right to evaluate an applicant’s English based on an admissions interview and/or an English language test. Based on the results from either or both, applicants may be referred to INTO SLU for additional coursework.Ìý
  • Official Academic Transcripts:ÌýAn official transcript articulating both GPA and grades for all previous coursework is required and will be evaluated at the time of admission.
    • The Graduate Programs Office reserves the right to request an applicant submit a WES or ECE evaluation.
  • Documentation of Financial Support: After an admission decision has been made and scholarship consideration has been assessed, students will need to complete an addendum form outlining certification of financial support for one year of study (if a student visa is required) that must be submitted with the necessary documentation. Documentation will include:
    • A letter (declaration) of financial support from the person(s) or sponsoring agency providing funds for your tuition and living expenses for the duration of your study at Saint ÀË»¨Ö±²¥ University.

    • A letter (certification) from the sponsor’s bank verifying that such funds currently are available and will be so for each subsequent year of your study at this University. The financial evidence must cover at least the expenses needed for the first year of your study.

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Tuition

Tuition Total Program Cost
Master of Science Applied Financial Economics $42,000

Additional charges may apply. Other resources are listed below:

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Information on Tuition and Fees

Miscellaneous Fees

Information on Summer Tuition

Scholarships and Financial Aid

The Chaifetz School offers generous scholarships to make a graduate degree from our nationally ranked institution accessible. Applicants to SLU's Master of Science in Applied Financial Economics program are automatically considered for scholarship awards at the time of admission.ÌýLearn more about M.S. in applied financial economics scholarships.Ìý
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For more information about student loans, please visit SLU's student financial services office online at www.slu.edu/financial-aid.

Accreditation

The Richard A. Chaifetz School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB), the world’s largest business education alliance and accrediting body of business schools, ensuring continuous quality improvement in terms of curriculum, instructional resources, student selection, career placement and intellectual contributions and qualifications of the faculty. Approximately 5% of business schools worldwide have achieved AACSB accreditation.Ìý

  1. Graduates will be able to advance their knowledge of economic and financial theory including empirical modeling.
  2. Graduates will be able toÌýdemonstrate analytical proficiency with the use of rigorous quantitative techniques employed in the fields of finance and economic forecasting.
  3. Graduates will be able to research topics both theoretically and empirically to design and evaluate appropriate modeling.
  4. Graduates will be able to clearly articulate, in both oral and written frameworks, the methodologies used and the results of the findings.
  5. Graduates will be able to work in teams to simulate group decision-making, prioritization and optimization in a global environment.
  6. Graduates will be able to peer review work-in-progress to learn constructive criticism in a collegial environment.
  7. Graduates will be able to demonstrate professional conduct with an emphasis on ethical decision-making.
Pre-Requisite Courses (to be taken before entry)
ACCTÌý5010Accounting for Managers3
ECONÌý5010Economics for Managers3
OPMÌý5020Applied Business Statistics3
Required Courses
ECONÌý6000Microeconomic Theory3
ECONÌý6050Econometrics I3
ECONÌý6060Econometrics II3
ECONÌý6120Applied Macroeconomics3
FINÌý6150Finance Theory and Application3
Elective Courses15
Select five of the following:
ECONÌý6100
Applied Bayesian Methods
ECONÌý6200
Monetary Theory
ECONÌý6310
Exchange Rates and International Adjustments
FINÌý6160
Investment Theory and Practice
FINÌý6210
Fixed Income Securities and Markets
FINÌý6380
Derivative Securities and Markets
FINÌý6810
Blockchain and Business Disruption
ITMÌý6400
Applied Business Analytics
Total Credits30-39

Continuation Standards

Students must maintain a cumulative grade point average (GPA) of 3.00 in all graduate/professional courses.

Roadmaps are recommended semester-by-semester plans of study for programs and assume full-time enrollmentÌýunless otherwise noted. Ìý

Courses and milestones designated as critical (marked with !) must be completed in the semester listed to ensure a timely graduation. Transfer credit may change the roadmap.

This roadmap should not be used in the place of regular academic advising appointments. All students are encouraged to meet with their advisor/mentor each semester. Requirements, course availability and sequencing are subject to change.

One-Year Roadmap

Plan of Study Grid
Year One
FallCredits
ECONÌý6000 Microeconomic Theory 3
ECONÌý6050 Econometrics I 3
FINÌý6150 Finance Theory and Application 3
FINÌý6210 Fixed Income Securities and Markets 3
ÌýCredits12
Spring
ECONÌý6060 Econometrics II 3
ECONÌý6520 Forecasting Macroeconomic and Financial Variables 3
FINÌý6160 Investment Theory and Practice 3
FINÌý6380 Derivative Securities and Markets 3
ÌýCredits12
Summer
ECONÌý6850 Applied Financial Economics Capstone 3
ECONÌý6550 Applied Optimization Methods for Financial Economics 3
ÌýCredits6
ÌýTotal Credits30

Two-Year RoadmapÌý

Plan of Study Grid
Year One
FallCredits
ECONÌý6000 Microeconomic Theory 3
ECONÌý6050 Econometrics I 3
ÌýCredits6
Spring
ECONÌý6060 Econometrics II 3
ECONÌý6520 Forecasting Macroeconomic and Financial Variables 3
ÌýCredits6
Summer
ITMÌý6400 Applied Business Analytics 3
ÌýCredits3
Year Two
Fall
FINÌý6150 Finance Theory and Application 3
FINÌý6210 Fixed Income Securities and Markets 3
ÌýCredits6
Spring
FINÌý6380 Derivative Securities and Markets 3
FINÌý6160 Investment Theory and Practice 3
ÌýCredits6
Summer
ECONÌý6850 Applied Financial Economics Capstone 3
ÌýCredits3
ÌýTotal Credits30

For additional admission questions, please contact:

Graduate Business Admission Team
314-977-3800
gradbiz@slu.edu

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