Job Prospects After Master’s in Finance
Masters in Finance programs are the gateway to rewarding future careers in fields like banking, financial services, insurance, management, and investments. Aspirants can find work as financial consultants, working on investment management, asset allocation, retirement planning, tax planning, and estate planning. They can also find job roles as financial planners, analysts, advisors, counselors, stockbrokers, and retirement counselors. There are other job roles, such as quantitative analysts, statistical experts, risk management experts, and investment bankers. The latter also involves debt management, venture capital, and mergers and acquisitions.
Graduates can also find jobs as auditors at public and private organizations. Corporate finance careers involve consulting, loss and risk management, planning, resource allocation, investment analysis, budgeting, and returns on investments. Some go on toward becoming finance officers taking care of balance sheets, cost reports, client statements, etc. Some other careers include company secretaries, accounting technicians, commodities brokers, corporate treasury managers, actuaries, financial regulators, financial traders, loan officers, pension managers, public finance accountants, stockbrokers, retail bankers, and more.
Expected Remuneration/Salary
Here are the average Master of Finance salaries according to Payscale:
- UK- £47,000 per year.
- USA- $1,19,000 per year.
- Canada- CAD 73,000 per year.
- Australia- AUD 81,000 per year.
Top Scholarships for Masters in Finance
Scholarships are important in supporting students pursuing master's degrees in finance across various countries. Here are some noteworthy scholarships for master's in finance:
- Hani Zeini Scholarship - USA
- Geared towards international students with a demonstrated financial need and an interest in pursuing innovative or entrepreneurial careers.
- Scholarship Eligibility Criteria:
- Open to accredited college or university students in any program.
- Submission of an 850-word essay addressing the main business challenges of the 21st century.
- Amount: USD 1,000
- Chevening Scholarships - UK
- This Scholarship is funded by the Foreign and Commonwealth Office (FCO) and targets emerging leaders and influencers early in their careers, including those pursuing master’s courses in the UK.
- Scholarship Eligibility Criteria:
- Citizenship in a Chevening-eligible country.
- Minimum of 2 years (equivalent to 2,800 hours) of work experience.
- Amount: USD 21,964
- UNIL Master’s Grants in Switzerland for Foreign Students - Switzerland
- Offered by the University of Lausanne, this scholarship is available to students seeking master’s courses in finance or any discipline at the university.
- Scholarship Eligibility Criteria:
- No prior enrollment with UNIL.
- A bachelor's degree from a top university.
- Language proficiency with a minimum B2 level in French or English.
- Amount: Monthly stipend of USD 1,594.69