We have designed the M.Sc. in Global Finance and Economics to draw upon faculty members’ active involvement in frontier research in finance, macroeconomics and applied econometrics, as well as their strong links to the broad range of premier financial and monetary institutions based in Frankfurt and beyond, including also the growing number of these in Vietnam. We aim to prepare our graduates to succeed in a highly competitive job market and to contribute substantively to the new phase of development of financial markets and of economic analysis in Vietnam.
Practitioners in today's financial markets and in economic analysis are faced with a myriad of probing challenges. The M.Sc. in Global Finance and Economics program is designed with such challenges in mind and
- combines thorough training in state-of-the art methods in finance with corresponding training in microeconomic theory, monetary economics, international macroeconomics, econometrics, data science and selected aspects of programming, providing its participants with a broad methodological apparatus and those tools needed to address current and future challenges in global finance and economic analysis.
- combines academic rigor with a focus on topical issues facing financial practitioners and economic policy decision makers, and gives due consideration also to the development of strong communication, teamworking and leadership skills.
- is taught by members of the Faculty of Economics and Business of Goethe University Frankfurt, augmented by members of the Faculty of Economics and Management at the Vietnamese-German University (VGU), and in addition also involves courses that offer the participants insights from high-level practitioners in financial markets and in economic analysis who share their experiences.
- provides its participants with the opportunity to gain valuable experience outside of Vietnam through an optional "Experience Frankfurt" module, including the option to sample in-depth academic research at Goethe University as part of the work underlying the Master thesis.
This unique program is delivered full-time at the campus of the Vietnamese-German University, 40km from Ho Chi Minh City, Vietnam. The program is conducted in English, begins annually in the fall semester and can regularly be completed within four semesters. Graduates earn a "Master of Science" (M.Sc.) degree (120 ECTS CP) from the AACSB-accredited Faculty of Economics and Business at Goethe University Frankfurt. The program ensures top-notch teaching and is academically managed and staffed by the Faculty of Economics and Business of Goethe University Frankfurt with the cooperation and substantive involvement of the Faculty of Economics and Management at VGU.
At GBS in general and within the M.Sc. in Global Finance and Economics program in particular, students can benefit from the particularly strong expertise of the Faculty of Economics and Business at Goethe University in the areas of finance and macroeconomics.
Two research institutes of particular importance for the topics to be addressed in the curriculum of the M.Sc. in Global Finance and Economics program are the Leibniz Institute for Financial Research SAFE ("Sustainable Architecture for Finance in Europe"), and the Institute for Monetary and Financial Stability (IMFS). SAFE conducts transdisciplinary research on financial markets and their players in Europe and also provides research-based, independent policy advice. SAFE emphasizes the cooperation of researchers from the fields of finance, economics, law and political science. The IMFS in turn engages in transdisciplinary research in monetary economics, and contributes to the public discussion of monetary and macroprudential policy decisions in a broad range of outlets, from hosting the annual "ECB Watchers" conference to webinars on current challenges in monetary and fiscal policy.
With regards to teaching aspects of faculty expertise, faculty members have been teaching in highly reputed degree programs outside of Goethe University as well, with teaching engagements inter alia at Yale University, the University of Pennsylvania, the University of Maryland, the International Monetary Fund, the World Bank and Study Center Gerzensee. The program is also designed to build on the strong links between the faculty members involved and the broad range of premier financial and monetary institutions based in Frankfurt as well as the growing number of these in Vietnam.
In comparison to other master programs in economics and finance currently offered in Vietnam, the M.Sc. in Global Finance and Economics program stands out as a rigorous master program comprehensively incorporating quantitative and analytical insights from modern research. Among the key characteristics of the program’s offerings are:
- the courses are taught by faculty members who are actively involved in frontier research in finance, economics and econometrics, complemented by course offerings from top-profile practitioners for the practice topics courses,
- teaching quality is considered of utmost importance, and is incentivized inter alia through "Excellence in Teaching Awards",
- courses and seminars involve an interdisciplinary perspective, integrating insights from econometrics, finance, macroeconomics and microeconomics, and in a number of cases also integrating transdisciplinary insights by also drawing on computer science, history, mathematics, political science, psychology, sociology and other disciplines,
- courses and seminars involve in-person, within-classroom interaction between students and faculty complemented by e-learning elements, the latter also for pre-course preparation and post-course follow-up.
The learning goals of the M.Sc. in Global Finance and Economics program ensure that graduates are able to (in the areas of global financial markets and economic analysis) to
- select a state-of-the-art modeling approach that is conducive for the question being addressed;
- successfully apply the selected modeling approach;
- assess the substantive value of the results obtained on the basis of the selected modeling approach;
- craft concise and insightful analyses; and
- give structured and well-reasoned presentations.
Graduates’ expertise will allow them to contribute to the crisis-resilient development of financial markets and to sustainable economic development at large. The program will enable them to be in a highly competitive position for rewarding jobs in the financial industry and in economic analysis, inter alia at commercial and investment banks, insurance companies, brokerage firms, mortgage companies, central banks, finance ministries, regulatory authorities, legislative bodies and international organizations. Some program graduates may alternatively choose to pursue academic research in top-notch structured Ph.D. Programs in Economics or in Finance, such as those offered by the Graduate School of Economics, Finance, and Management at Goethe University, or a number of other highly reputed institutions in Europe or Northern America.
The M.Sc. in Global Finance and Economics program provides its participants with the opportunity to gain valuable experience outside of Vietnam through an optional "Experience Frankfurt" module.
The module offers students two main components: First, they will be able to engage in in-person interaction with the advisor of their Master thesis at Goethe University. Second, they will be able to take part in an introduction to major institutions of the German and European financial and monetary system located in Frankfurt. Frankfurt is not only home to two major central banks, the European Central Bank and the Deutsche Bundesbank, but is also home to the German Stock Exchange and a number of other German and international financial institutions that not only play an important national role, but also affect the development of international financial markets.
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