Bachelor of Science in Financial Economics

4 Years On Campus Bachelors Program

University of Maryland Baltimore County

Program Overview

The Bachelor of Science in Financial Economics at the University of Maryland Baltimore County (UMBC) is designed for students who are passionate about understanding the intersection of finance and economics. This program is ideal for those looking to develop analytical skills and gain a solid foundation in economic theory, financial markets, and quantitative methods.

Curriculum Structure:

In the first year, students will dive into foundational courses such as "Principles of Microeconomics" and "Principles of Macroeconomics," which introduce essential economic concepts and frameworks. Additionally, the "Introduction to Financial Accounting" course lays the groundwork for understanding financial statements and the principles of accounting.

During the second year, students will expand their knowledge with courses like "Intermediate Microeconomic Theory" and "Intermediate Macroeconomic Theory," where they will analyze consumer behavior and macroeconomic policies in greater depth. The "Statistics for Business and Economics" course equips students with the quantitative skills necessary for data analysis in financial contexts.

In the third year, students will engage with more specialized topics through courses such as "Financial Management" and "Econometrics." These classes focus on financial decision-making and the application of statistical methods to economic data, preparing students for real-world financial analysis.

In their final year, students will synthesize their learning in advanced courses like "Investment Analysis" and "International Economics." The capstone experience allows students to apply their knowledge in practical settings, ensuring they are well-prepared for careers in finance and economics.

Focus Areas: Financial markets, economic theory, quantitative analysis, investment strategies.

Learning Outcomes: Critical thinking, analytical skills, financial literacy, economic modeling.

Professional Alignment (Accreditation): The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring a high standard of education.

Reputation (Employability Rankings): UMBC consistently ranks highly in employability, with graduates recognized for their strong analytical and problem-solving skills, making them attractive to employers in various sectors.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Maryland Baltimore County (UMBC), the BS in Financial Economics program is designed to provide students with a robust blend of theoretical knowledge and practical skills that are essential for success in the financial sector. Students engage in experiential learning opportunities that allow them to apply classroom concepts to real-world situations, enhancing their understanding of economic principles and financial practices. The program leverages state-of-the-art facilities and tools to ensure that students are well-prepared for their careers.

Here are some key aspects of the experiential learning opportunities available to Financial Economics students at UMBC:

- Internships: Students have access to a variety of internship opportunities through partnerships with local businesses and financial institutions, allowing them to gain hands-on experience in the field.

- Research Laboratories: The program includes access to dedicated research labs where students can work on projects that analyze economic data and financial trends, fostering critical thinking and analytical skills.

- Software Tools: Students are trained in industry-standard software such as Stata and R, which are essential for data analysis and econometric modeling.

- Group Projects: Collaborative projects are a key component of the curriculum, encouraging teamwork and communication skills as students tackle real-world economic issues.

- Field Trips: The program often organizes field trips to financial institutions and economic conferences, providing students with insights into the industry and networking opportunities.

- Libraries and Resources: UMBC’s library system offers extensive resources, including access to financial databases and journals, which are invaluable for research and coursework.

- Institute for Economic Research: Students can engage with the UMBC Institute for Economic Research, which provides additional opportunities for research and collaboration with faculty.

Progression & Future Opportunities

The Bachelor of Science in Financial Economics at the University of Maryland Baltimore County (UMBC) prepares students for a dynamic career in finance and economics, equipping them with the analytical skills needed to thrive in various industries. Graduates often find themselves in roles such as Financial Analyst, Economic Consultant, and Risk Manager, where they can apply their knowledge to real-world challenges:

- Career Services: UMBC offers robust career services, including resume workshops, interview preparation, and networking events that connect students with industry professionals.
- Employment Statistics: According to recent data, over 90% of graduates from the Financial Economics program secure employment within six months of graduation, with starting salaries averaging around $60,000.
- University–Industry Partnerships: UMBC has established partnerships with local businesses and financial institutions, providing students with internship opportunities and real-world experience that enhances their employability.
- Accreditation: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that the education you receive meets the highest standards of quality and relevance in the field.
- Graduation Outcomes: Alumni of the program have gone on to work for prestigious organizations such as the Federal Reserve, Deloitte, and Goldman Sachs, showcasing the program's strong reputation in the industry.

Further Academic Progression: After completing the BS in Financial Economics, students have the option to further their studies by pursuing a Master’s degree in Economics, Finance, or Business Administration. This advanced education can open doors to higher-level positions and specialized roles in the financial sector, enhancing both career prospects and earning potential. Additionally, students may consider certifications such as Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) to further distinguish themselves in the job market.