As the oldest business school west of the Mississippi, the Chaifetz School of Business has helped build the business leaders of tomorrow for over 100 years.
Learn more about the Chaifetz advantage, program curriculum and the application process at our next live webinar.
Saint Louis University's Master of Science in Applied Financial Economics (M.S.-AFE) at the Richard A. Chaifetz School of Business is a one-of-a-kind program in the region that responds to the market need for individuals to enter the labor market with a set of 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 on a part-time basis for up to five years, which makes it ideal for working professionals.
Scholarship support is available from the Chaifetz School of Business, and all applications are assessed for scholarship consideration at the time of admission.
Saint Louis University's Master of Science in Applied Financial Economics (M.S.-AFE) is a quantitative-based, applied program that focuses on 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 at SLU consists of 30 credits that can be completed full time in as little as one calendar year (September-August). 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. Students who need foundation courses have the ability to complete the program full-time in four semesters. No work experience is required, which means that students can transition into the program upon achieving their undergraduate degree.
The Master of Science in Applied Financial Economics program helps students develop strong ethical, technical and professional skills, and provides in-depth expertise in economics and finance. Following completion foundation course requirements, advanced courses cover econometrics, finance theory and advanced macro theory with electives available in monetary theory, international economics, equity securities and markets, fixed-income securities and derivative securities and markets.
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:
The M.S. in Applied Financial Economics program at SLU is STEM-certified, allowing F1 students who graduate from our program to apply for an OPT extension.
Applicants are reviewed holistically for undergraduate performance and internship or professional experience.
No GMAT or GRE required.
Transcript(s)
Two letters of recommendation
Résumé
Professional goal statement
Applicants who are not U.S. citizens or permanent residents will also need to submit:
English Language Proficiency Scores: For non-native speakers of English, an official TOEFL or IELTS score report is also required and must be sent directly from ETS or the British Council (The school code is 6629 for ETS). TOEFL and IELTS scores should be no more than two years old. This program requires a TOEFL score of 88 and an IELTS broadband of at least a 6.5. The Pearson Test of English and Duolingo scores can be accepted as well. If you are interested in submitting Pearson scores, please contact gradbiz@slu.edu.
Official Academic Transcripts: An official transcript articulating both GPA and grades for all previous coursework is required and will be evaluated at the time of admission.
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) 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 Louis 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 amount of expenses needed for the first year of your study.
Pathway Programs: INTO SLU offers a pathway program for international students who are interested in this program but do not meet the direct entry requirements. Visit https://www.intostudy.com/en/universities/saint-louis-university/programs for more information.
Applications are reviewed on a rolling basis once all application materials are received. Application files are reviewed holistically (undergraduate performance, internship or professional experience and professional goal statement). The average time for admissions decisions is one to two weeks.
The Chaifetz School offers generous scholarships to make a graduate degree from our nationally ranked institution accessible. All applicants to the M.S. in Applied Financial Economics program are automatically considered for scholarship awards at the time of admission.
For more information about student loans, please visit the student financial services office online at http://finaid.slu.edu.
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. Fewer than 5 percent of business schools worldwide have achieved AACSB accreditation.
Code | Title | Credits |
---|---|---|
Foundation Courses | ||
To be taken before Fall Entry | ||
Accounting for Managers | ||
Economics for Managers | ||
Applied Business Statistics | ||
Required Courses | ||
ECON 6000 | Microeconomic Theory | 3 |
ECON 6050 | Econometrics I | 3 |
ECON 6060 | Econometrics II | 3 |
ECON 6520 | Forecasting Macroeconomic and Financial Variables | 3 |
ECON 6850 | Applied Financial Economics Capstone | 3 |
FIN 6150 | Finance Theory and Application | 3 |
Elective Courses | ||
Select four of the following: | 12 | |
Exchange Rates and International Adjustments | ||
Applied Optimization Methods for Financial Economics | ||
Equity Securities and Markets | ||
Fixed Income Securities and Markets | ||
Derivative Securities and Markets | ||
Total Credits | 30 |
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 enrollment unless otherwise noted. Courses and milestones designated as critical (marked with !) must be completed in the semester listed to ensure timely graduation. 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.
Year One | ||
---|---|---|
Fall | Credits | |
ECON 6000 | Microeconomic Theory | 3 |
ECON 6050 | Econometrics I | 3 |
FIN 6150 | Finance Theory and Application | 3 |
FIN 6210 | Fixed Income Securities and Markets | 3 |
Credits | 12 | |
Spring | ||
ECON 6060 | Econometrics II | 3 |
ECON 6520 | Forecasting Macroeconomic and Financial Variables | 3 |
FIN 6160 | Equity Securities and Markets | 3 |
FIN 6380 | Derivative Securities and Markets | 3 |
Credits | 12 | |
Summer | ||
ECON 6850 | Applied Financial Economics Capstone | 3 |
ECON 6550 | Applied Optimization Methods for Financial Economics | 3 |
Credits | 6 | |
Total Credits | 30 |
For additional admission questions, please contact: Graduate Business Admissions Team 314-977-3800 gradbiz@slu.edu