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Studies & Degrees in Monetary Markets

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Dealing with monetary markets usually involves the analysis of financial marketplace information, gathering data on economic forecasts and trading volumes, and providing advice on future investment opportunities. This job is most likely to be associated with money market analysts, who look for new markets and products, aiming to predict the direction of money markets in the future. For this reason, these professionals spend a great deal of their time researching specific industries, companies and the marketplace. They have to gather information from all kinds of sources, like newspapers, the Internet, financial journals, and so on, in order to carry out and complete their analysis.

Analysts engaged with monetary markets have to strictly monitor major international industries such as oil and gas, mining, banking, and telecommunications in order to prepare detailed reports for possible investment opportunities; and, also give advice whether a company should keep or sell certain securities. The job requires good awareness of regulations and policies and constant monitoring of the economy.

Personal Qualities

You should be very much drawn to mathematics, statistics, and economics. Working in the field of monetary markets requires a great deal of precision, and some other skills like:

  • Very good at conducting research and summarizing results
  • Exceptional analytical skills
  • Excellent written and oral communication skills
  • Confidentiality and discretion
  • Ability to solve problems and find innovative solutions

Study Options

You would need to undertake an undergraduate degree in economics, finance, or commerce at the very least. More in-depth knowledge can be gained from a master’s degree offering monetary markets as part of its list of subjects. If you plan to pursue a career as a financial and money analyst, preference is definitely given to applicants with post graduate degrees, like an MBA, or a combination of degrees in related fields.

Furthermore, you would certainly need relevant experience, and you should look for the opportunity for an internship, or even overseas employment while completing your education. Choosing a university at a cosmopolitan city with a good number of financial and international companies would contribute to your future career in money markets.

Career Options

Specialists dealing with monetary markets are usually employed in the head offices of securities firms, investment banking firms, governments, banks, trust companies, investment and underwriting firms, stock and mortgage brokerages, commodity exchanges, and other companies and non-profit organizations. Most importantly, these professionals tend to first gain years of experience in other fields of business and economics, for which reason they are not usually fresh graduates. In order to practice the profession of an analyst, you would need to earn your image in the industry and be patient while building your career. Once you have done this, you could also write financial columns for newspapers, participate in TV programs, and give interviews offering your financial suggestions. Last but not least, you will have the opportunity to open your own analyst firm or work as a freelancer.