MA in Financial
Economics and Finance
joint program between the Department of Economics and the Business School
MA program in Financial Economics and Finance (FEF) was launched as a pilot
in the Summer of 2001 as a joint program between the School of Business
and Department of Economics. The idea for this program was born from the fact
that quite a few outstanding BA students majoring in Economics wanted to
pursue careers in Finance, yet did not wish to get an MBA – a broad
management degree. The last 10 years witnessed a continuing increase in the
demand for Finance specialists around the world, resulting in the
establishment of Master in Finance programs in leading Universities
worldwide. FEF program takes the same route attracting well trained graduates
in Economics from the leading Israeli universities. The MA level courses in
Economics are taught at a very high level, awarding students a solid
foundation on which the program builds their Finance training. The combination of a careful applicant screening
and the rigorous training allows FEF to award its students a much deeper
knowledge and understanding of Finance and Financial Economics.
are required to take a set of mandatory courses from both departments, and
then can add electives, also from both. The program demands about 20% more
hours than the MA in Economics, or the MBA.
6 years the interest in the program is growing and the students come from the
top of the grade distribution: the cutoff grade in 2003 was around 88, while
in 2007 it was almost 91. Some students get admitted conditionally, and once
they show good performance they join the program as full-fledged
members. At the same time the program
is not planned to be large, and the selection of applicants is very careful.
program helps its students find work in formal as well as informal ways. In
the graduating class of 2007 – all the students were employed by
August. The Financial market in Israel recognizes the quality of
applicants and the program gets frequent inquiries from potential employers.
Some of the students get employed overseas as well.
the program is a good step towards the Ph.D. in Finance in Israel or
abroad. Its rigorous training allows students sufficient exposure and
understanding of the field to make the choice. In the last 4 years four
graduates were accepted to very prestigious Ph.D. programs in the US (Chicago,
Cornell, Harvard, and Stanford).