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There exists several options in the master level for finance. One can obtain the Mfin - Master of Finance, which is a specialization purely in finance. Whereas, an MBA specializing/concentrating in Finance will give a less in depth finance knowledge but with more emphasis on management and broader business studies. Master in Economics exists as well, with the emphasis clearly on micro and macro economics... A School of Business will have a Masters in Business w/concentration in Finance. This will be looked more favorably than a Masters of Economics - which generally falls under a School of Liberal Arts. It varies on the position/profession that one is trying to work for as well. Finance - Cash flow analysis, time value of money, investment criteria/risk analysis Economics - Pricing, market driving factors

Also, this is not completely true. Certain schools, such as Princeton University and Vanderbilt, offer masters in finance programs that are an alternative to an MBA. This type of program is better suited to a wall-street/banking type career, where in MA in economics is better suited to become an economist, an economics professor, or an economics researcher. A Master's education WILL earn you a higher salary, yes.

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Q: Can you earn a higher salary with a Master's in Finance or a Master's in Economy?
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