Financial Economics Major

BW's financial economics major integrates the social sciences with mathematics and finance to give you interdisciplinary skills that can prepare you for diverse career opportunities in STEM (science, technology, engineering, mathematics).

Financial Economics

SCHOOL OF SOCIAL SCIENCES

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Department of Economics

(440) 826-2311, jayavorn@bw.edu

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OVERVIEW

Today's data-driven world needs individuals with strong analytical and quantitative skills who can help organizations solve complex problems and make smarter, more beneficial decisions.

Baldwin Wallace's Bachelor of Science in financial economics integrates the social sciences with mathematics and finance to give you interdisciplinary skills that can prepare you for diverse career opportunities in STEM (science, technology, engineering, mathematics).

You'll learn statistics and quantitative methods for solving diverse social problems and measuring long-term trends and study how economic and financial data affects local, national and global economies.

Along the way, you'll build proficiencies in critical thinking, problem-solving, quantitative reasoning and communication that will prepare you for success in your career or graduate school.

Career Opportunities

Financial economics is excellent preparation for graduate study in law, public policy and economics and a door opener into many careers. Individuals have success in STEM-related fields spanning public, private and nonprofit sectors. Employment in STEM occupations outpaces overall U.S. job growth and salaries are significantly higher. Career areas include:

  • Federal government
  • Federal Reserve
  • Financial institutions
  • International Monetary Fund
  • Office of the Comptroller of Currency
  • Commercial banking and insurance
  • Medical
  • Law
  • Politics
  • Social research

Additional career information is available through the American Economic Association.

Photo of student in classroom

The World Needs More Data Scientists

According to International Data Corporation, the global datasphere is on an exponential growth path forecast to reach 175 Zettabytes by 2025. BW’s Bachelor of Science in financial economics will give students career-marketable STEM skills in:

  • Gleaning and cleaning data
  • Building and testing mathematical and statistical models using software applications
  • Conducting analysis
  • Preparing appropriate reports to communicate to a broader audience

These computational and analytic skills learned can readily be transferable to any career area reliant on data analysis, modeling with software and succinct communication.

Economics or Financial Economics

Economics is the universe, and financial economics is a planet within that universe. A Bachelor of Arts in economics focuses on the study of human behavior as it relates to decision-making, the consequences of collective social decisions, and the evaluation of public policy. Individuals interested in the financial side of the economy are drawn to a Bachelor of Science in financial economics.

Employment opportunities for economics majors abound as economic analysts and statisticians in the public sector with federal, state and local government agencies, as well as private industry. Financial economists are in demand as analysts in both STEM and non-STEM careers.

CURRICULUM

Offered as a major, financial economics is a Bachelor of Science program. The curriculum includes a strong foundation of economics courses — micro, macro and international — as well as advanced studies in research, data analysis and finance. See full list of required courses.

You'll learn how to strategically and quantitatively apply the principles of economics and finance to understanding and assessing financial institutions, capital markets, assets and prices and public policy.

The interdisciplinary nature of the program will help you build valuable professional skills:

  • Analytical and computational thinking
  • Interpersonal communication
  • Teamwork
  • Technology

Experiential learning is inherent to the major. A required internship provides hands-on learning and networking opportunities. In your senior year, you'll complete a capstone project that includes conducting original research, writing a scholarly journal article and presenting your research campus-wide.

Course Catalog

Course Descriptions

Course descriptions, requirements for the major and additional information can be found in the University Catalog.

STUDENT EXPERIENCES

Small class sizes, individual attention and faculty mentoring are at the core of BW's financial economics major. You can enhance your studies through faculty-student collaboration, internships, fellowships, study abroad and co-curricular activities.

Faculty-Student Collaboration

The economics department maintains a culture of collaboration and shared inquiry with students. Faculty-student research is an opportunity for you to explore a focused area of study that interests you. You'll be encouraged to submit your research for publication and conferences, as well as present it at campus events.

Internships

BW's 20-minute proximity to Cleveland puts you within easy access to impressive internships at corporations, government and nonprofit agencies, technology firms and more. An internship enables you to integrate theory and coursework into practical application. BW economics students have interned at numerous financial and software companies, as well as:

  • Cleveland Federal Reserve Bank
  • Food & Agricultural Organizations
  • Cleveland Browns
  • Cleveland Planning Commission
  • Office of the Controller of Currency
  • PPG
  • Progressive Insurance

Celebrating Student Success

Student success is celebrated at Baldwin Wallace. Economics students are regularly recognized for their achievements through:

  • Omicron Delta Epsilon, the International Honor Society in Economics, which lauds superior scholastic attainment and promotes closer ties between BW students and faculty.
  • Pi Gamma Mu, the International Social Science Honorary Society, which recognizes outstanding scholastic achievement.

ALUMNI SUCCESS

At Baldwin Wallace, you'll experience personal and professional growth in a supportive community that challenges and inspires you to succeed.

Recent BW graduates are finding their success in graduate schools and a variety of careers. 

Thomas KasperThomas Kasper ’15 is finance fellow at the Cleveland Clinic in Cleveland. BW coursework provided the analytical tools to understand the complex and dynamic U.S. healthcare market. Internships enabled the North Olmsted, Ohio, native to explore opportunities in his field and land a job after graduation.

Gabe AdamsGabe Adams ’14 is financial representative with Northwestern Mutual in Cleveland, and was named 2015 Northern Ohio representative of the year. He interned at the company while at BW. Gabe was profiled in Cleveland Magazine’s 2015 “Faces of Cleveland” representing the financial industry. He is from Hudson, Ohio.

Erin AmschlingerErin Amschlinger ‘14 is humor writer at American Greetings and freelance writer in Cleveland. As a BW creative writing and economics student, the Rocky River, Ohio, native completed research in China, interned at local nonprofits and studied abroad in Spain. Her self-published book, “A Poet Darkly,” was her undergraduate thesis.

Daniela MuhajDaniela Muhaj ’14 is research analyst at International Monetary Fund in the District of Columbia. At BW, Daniela was assistant project manager for BW’s Center for Innovation & Growth and completed research in China as an ASIANetwork student fellow. Her M.A. in international relations is from Johns Hopkins University. She is from Albania.

FACULTY

 

Full-Time Faculty

Kay Strong
Chair, Economics Department
Professor
Ph.D., Southern Illinois University

Dennis D. Miller
Professor
Ph.D., University of Colorado

Thomas A. Ross
Associate Professor
M.S., Bowling Green State University

Lewis C. Sage
Associate Professor
Ph.D., University of Maryland