A Masters in Finance is a popular postgraduate degree program that provides students with the skills and knowledge required to pursue a career in finance, accounting, or investment banking. The USA is one of the most popular destinations for pursuing a Masters in Finance degree program due to its world-class universities, excellent faculty, and diverse career opportunities.
The Masters in Finance program typically lasts 1-2 years and is offered by the top universities in the USA. The cost of studying for international students varies depending on the university. Admissions typically open in December or January and require a bachelor's degree in a relevant field, GRE or GMAT scores, and English proficiency proof. Scholarships are also available for eligible students.
Why Study Masters in Finance in the USA?
The United States is home to some of the best universities in the world, offering world-class education and exposure to diverse cultures. Pursuing a Masters in Finance in the USA can provide you with the following benefits:
Access to world-class faculty: The USA is home to some of the best finance faculty in the world. Students studying in the country learn from professors who are experts in their fields and have contributed significantly to finance research.
Networking opportunities: The USA is a global financial hub, with New York City being the financial capital of the world. Studying in the country provides students with numerous opportunities to network with industry experts, attend conferences, and intern at top financial firms.
Career prospects: Graduates of Masters in Finance programs in the USA have various career opportunities in finance, including investment banking, wealth management, and consulting. The median annual salary for graduates is also relatively high, making it a lucrative career option.
Course Highlights
The Master's in Finance program in the USA typically lasts for 12-24 months, with tuition fees ranging from $24,000 to $90,000 per year. The course type can be full-time or part-time, depending on the university. The eligibility criteria for the program include a bachelor's degree in a relevant field, proficiency in English (TOEFL or IELTS scores), and GRE or GMAT scores. The program curriculum typically covers financial analysis, investments, corporate finance, risk management, and financial modeling.
Here are some of the key highlights of a Masters in Finance in the USA:
Duration
1-2 years
Average Masters in Finance in USA Fees
$24,000 to $90,000
Course Type
Full-time/Part-time
General Eligibility
Bachelor's degree in finance, accounting, or related fields
Exams Required
GMAT/GRE
Types of Masters in Finance in USA
The Masters in Finance program in the USA offers various specializations to cater to the diverse interests and career goals of students. Some of the popular specializations include:
Financial Engineering: This specialization combines finance, mathematics, and computer science to develop quantitative models and tools for financial analysis and risk management.
Investment Management: This specialization focuses on portfolio management, asset allocation, and investment strategies for individuals and institutions.
Corporate Finance: This specialization covers financial decision-making for corporations, including capital budgeting, mergers and acquisitions, and financial analysis.
Risk Management: This specialization involves identifying, analyzing, and mitigating financial risks for individuals and organizations.
Quantitative Finance: This specialization uses mathematical and statistical models to analyze financial markets and instruments.
Apart from the above specializations, some universities offer dual-degree programs, such as Master of Business Administration (MBA) specializing in Finance/Master's in Finance, to provide students with a broader skillset and career opportunities. Students can choose a specialization based on their interests, career goals, and job market demands.
Best Universities for Masters in Finance in the USA
Here is a table showcasing the general overview of some of the best universities for pursuing a Master's in Finance program in the USA, along with their world ranking, fees, programs offered, admission deadlines, and other relevant information:
These universities are among the top-ranked institutions for financial education in the USA, and their programs offer students a comprehensive and rigorous education in finance and related fields. The fees and admission deadlines may vary depending on the program and university, so interested students should visit the university websites for more information.
Course Curriculum of Masters in Finance in USA
The course curriculum for Masters in Finance programs in the USA varies from university to university. However, the programs generally cover financial theory, investments, financial accounting, corporate finance, and financial markets. Students can also specialize in areas such as risk management, financial engineering, and quantitative finance.
Some of the common subjects taught in Masters in Finance programs in the USA are:
Financial Statement Analysis
Asset Pricing
Corporate Finance
Portfolio Management
Derivatives
Fixed Income Securities
Financial Econometrics
International Finance
Investment Banking
Wealth Management
Eligibility Criteria for Masters in Finance in the USA
To pursue a Masters in Finance in the USA, students must fulfill specific eligibility criteria. Some of the standard Masters in Finance in the USA requirements include:
A bachelor's degree in a relevant field, such as finance, business, economics, or accounting
Minimum GPA requirements (varies from university to university)
GRE or GMAT scores
Proof of English proficiency (TOEFL or IELTS scores)
Work experience (optional)
Admission Requirements for Masters in Finance in the USA
To apply for a Masters in Finance program in the USA, students must meet specific admission requirements. The program duration is typically one to two years, and many universities in the USA offer this program. The admission process requires a bachelor's degree in a relevant field, such as finance or accounting, and a minimum GPA of 3.0 on a 4.0 scale. Students must also submit GRE/GMAT scores, which are not always mandatory but are highly recommended. Additionally, English language proficiency tests such as TOEFL or IELTS are required for international students.
Unlike MBA programs in the USA, MS in Finance programs do not usually require work experience for admission. However, having relevant work experience can be an advantage in the admission process. The admission committee also considers extracurricular activities, leadership experience, and letters of recommendation from professors or employers.
To study in the USA, international students must apply for a student visa. The visa process can be time-consuming, so students are advised to apply well in advance. The visa application requires proof of financial support, such as bank statements or scholarship letters, to cover the tuition fees and living expenses.
Overall, pursuing a Masters in Finance in the USA can be a lucrative and fulfilling career choice for students with a strong background in finance and a passion for the field. Students can acquire the necessary skills and knowledge to excel in the finance industry by meeting the admission requirements and applying to top-ranked universities. Additionally, eligible students can also apply for scholarships to support their education.
Admission Process for Masters in Finance in the USA
The admission process for Masters in Finance programs in the USA typically involves the following steps:
Research and shortlist universities based on their ranking, programs offered, fees, and eligibility criteria.
Take the GRE or GMAT exam and score well.
Prepare for the TOEFL or IELTS exam and score the required minimum score.
Gather all the required documents, including transcripts, SOP, LORs, resume/CV, and application fee.
Apply within the admission deadline.
Wait for the admission decision and accept the offer if selected.
Apply for a student visa and make necessary travel arrangements.
Attend the orientation and start the program.
Cost of Studying Masters in Finance in the USA
Studying for a Masters in Finance in the USA is an excellent investment in your future career, but it is essential to consider the associated costs. The cost of tuition fees and living expenses can vary depending on the university, location, and program.
Tuition fees for Masters in Finance programs in the USA typically range from $24,000 to $90,000. For example, the Masters in Finance program at the Massachusetts Institute of Technology (MIT) costs around $86,300, while the program at Harvard University costs only around $37,200.
In addition to tuition fees, students must also consider pre-arrival costs, such as the cost of taking the IELTS exam, typically around $250, and visa application fees, which can vary depending on the country of origin. The cost of living in the USA can also be high, with expenses such as accommodation, food, transportation, and healthcare adding up quickly.
Despite the high costs, many universities offer financial aid and scholarships to help students cover the expenses. Hence, it is vital to research and apply for these options early on in the application process.
Scholarships for Masters in Finance in the USA
Scholarships for Masters in Finance programs in the USA are awarded based on merit, need, and diversity. Here is a list of some of the best scholarships for Masters in Finance programs in the USA with their eligibility criteria, deadline, and scholarship amount offered.
Scholarship
Eligibility
Deadline
Scholarship Amount
Fulbright Foreign Student Program
International students
Varies
Varies
Joint Japan World Bank Scholarship
Open to developing country nationals
Varies
Full tuition, living expenses, and travel costs
Aga Khan Foundation International Scholarship
Students from developing countries
Varies
Varies
Stanford GSB Reliance Dhirubhai Fellowship
Open to Indian citizens
Varies
Full tuition and living expenses
Rotary Foundation Global Grants
Graduate students pursuing sustainable development
Varies
Varies
AAUW International Fellowships
Women pursuing full-time graduate study
N/A
$20,000
These scholarships provide financial support to eligible students and cover tuition fees, living expenses, travel expenses, and other related costs. Interested students should review each scholarship's eligibility criteria and application requirements and apply before the deadline.
Job Scope for Masters in Finance in the USA
Graduates of Masters in Finance programs in the USA can pursue lucrative careers in finance, investment banking, consulting, asset management, and more. Here is a list of some of the job roles that graduates can pursue, along with their average salary offered.
Job Role
Average Salary (per year)
Financial Analyst
$74,406
Asset Manager
$89,402
Hedge Fund Manager
$145,816
Risk Manager
$92,852
Investment Banker
$88,664
Portfolio Manager
$85,732
Management Consultant
$104,335
These job roles require strong analytical skills, financial insight, and the ability to interpret and communicate complex financial data. The average salary for these job roles varies depending on the company, location, and experience.
University of Scranton offers the FINANCE (MS), a comprehensive Masters course designed to equip students with the essential knowledge and skills in Finance. The course combines theoretical foundations with practical applications, enabling students to solve real-world challenges in Finance. With access to cutting-edge resources and mentorship from industry professionals, students will gain invaluable experience and emerge ready to excel in Finance careers in jobs such as Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner.
Prepare for a thriving career in Mathematics with the advanced MA in Mathematics with a Specialization in the Mathematics of Finance at Columbia University in USA. This Masters program is meticulously designed to provide students with a comprehensive understanding of Mathematics concepts and practical applications. The curriculum encompasses a wide range of topics, ensuring that graduates possess the knowledge and skills necessary to succeed in the dynamic Mathematics industry. Through experiential learning, industry collaborations, and cutting-edge research, students gain valuable insights and hands-on experience in Mathematics. The program's industry-relevant approach enables graduates to secure rewarding positions in Actuary, Data Analyst/Scientist, Mathematician, Operations Research Analyst, Financial Analyst, Statistician. With the reputable Columbia University as the provider, MA in Mathematics with a Specialization in the Mathematics of Finance is highly regarded in USA and offers an excellent pathway to a successful career in Mathematics.
The Master of Business Administration, M.B.A. - Finance (CFA Track) offered by New York Institute of Technology in USA is an advanced Masters program designed to provide students with comprehensive knowledge and practical skills in Business Administration. The curriculum is carefully crafted to cover a wide range of topics, ensuring students gain a deep understanding of the subject matter and develop expertise in Business Administration. With a focus on hands-on learning and industry-relevant projects, graduates are well-prepared for successful careers in the Business Administration field. The program's holistic approach and diverse skill set make it highly in demand in USA. Graduates of Master of Business Administration, M.B.A. - Finance (CFA Track) from New York Institute of Technologycan easily secure jobs in various industries, including positions such as Business Analyst, Operations Manager, Marketing Manager, Human Resources Manager, Financial Analyst. This program offers a valuable opportunity for students to excel and thrive in the dynamic world of Business Administration.
Johns Hopkins University offers the Finance, Master of Science, a comprehensive Masters course designed to equip students with the essential knowledge and skills in Finance. The course combines theoretical foundations with practical applications, enabling students to solve real-world challenges in Finance. With access to cutting-edge resources and mentorship from industry professionals, students will gain invaluable experience and emerge ready to excel in Finance careers in jobs such as Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner.
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The MBA - Finance Concentration offered by Johnson and Wales University is an advanced Masters course designed for students aspiring to become professionals in Finance. This course provides a comprehensive overview of the field. Students will gain hands-on experience through practical exercises and real-world projects, allowing them to apply the concepts learned in class. The curriculum is carefully designed to ensure that students develop a strong foundation in Finance and acquire the skills needed to solve complex problems in the industry. Upon completion of this course, students will be well-prepared to tackle the challenges of Finance and pursue rewarding career opportunities in roles like Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner.
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Prepare for a thriving career in Business Administration with the advanced Master of Business Administration (MBA) (Concentration in Finance) at Rice University in USA. This Masters program is meticulously designed to provide students with a comprehensive understanding of Business Administration concepts and practical applications. The curriculum encompasses a wide range of topics, ensuring that graduates possess the knowledge and skills necessary to succeed in the dynamic Business Administration industry. Through experiential learning, industry collaborations, and cutting-edge research, students gain valuable insights and hands-on experience in Business Administration. The program's industry-relevant approach enables graduates to secure rewarding positions in Business Analyst, Operations Manager, Marketing Manager, Human Resources Manager, Financial Analyst. With the reputable Rice University as the provider, Master of Business Administration (MBA) (Concentration in Finance) is highly regarded in USA and offers an excellent pathway to a successful career in Business Administration.
Utah Valley University offers the Master of Business Administration - Finance Emphasis, M.B.A., a comprehensive Masters course designed to equip students with the essential knowledge and skills in Business Administration. The course combines theoretical foundations with practical applications, enabling students to solve real-world challenges in Business Administration. With access to cutting-edge resources and mentorship from industry professionals, students will gain invaluable experience and emerge ready to excel in Business Administration careers in jobs such as Business Analyst, Operations Manager, Marketing Manager, Human Resources Manager, Financial Analyst.
Studying the Master of Finance will be the gateway to a fulfilling future career as a Accountant, Auditor, Controller, Financial Analyst, Financial Manager, Tax Preparer, Treasurer or Finance Officer
. You can pursue this masters course in the USA for a tenure of 1.72603 Years and that too by meeting several admission requirements. You should also note that the areas of study and expertise include Business
This Master of Business Administration - Real Estate Finance and Investment is an ideal option for those seeking global exposure and the opportunity to build a future career as Marketing/Communications Director, Human Resources Director, Financial Manager, Business Managers, Business Analyst, Executive Manager, Marketing Director in the USA and other global markets. This masters program in USA covers a duration of 2.49863 Years, while helping students gain more expertise in areas like Business. ThisMaster of Business Administration - Real Estate Finance and Investment is one of the best masters programs for those who are truly passionate about the field in question.
St Johns University offers the Finance (MBA), a comprehensive Masters course designed to equip students with the essential knowledge and skills in Finance. The course combines theoretical foundations with practical applications, enabling students to solve real-world challenges in Finance. With access to cutting-edge resources and mentorship from industry professionals, students will gain invaluable experience and emerge ready to excel in Finance careers in jobs such as Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner.
The Finance Specialization: Financial Management, M.S. offered by New Jersey City University in USA is an advanced Masters program designed to provide students with comprehensive knowledge and practical skills in Finance. The curriculum is carefully crafted to cover a wide range of topics, ensuring students gain a deep understanding of the subject matter and develop expertise in Finance. With a focus on hands-on learning and industry-relevant projects, graduates are well-prepared for successful careers in the Finance field. The program's holistic approach and diverse skill set make it highly in demand in USA. Graduates of Finance Specialization: Financial Management, M.S. from New Jersey City Universitycan easily secure jobs in various industries, including positions such as Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner. This program offers a valuable opportunity for students to excel and thrive in the dynamic world of Finance.
This Master of Science in Finance is an ideal option for those seeking global exposure and the opportunity to build a future career as NA in the USA and other global markets. This masters program in USA covers a duration of 1.50137 Years, while helping students gain more expertise in areas like Business. ThisMaster of Science in Finance is one of the best masters programs for those who are truly passionate about the field in question.
The Master of Science in Finance offered by California State University San Bernardino in USA is an advanced Masters program designed to provide students with comprehensive knowledge and practical skills in Finance. The curriculum is carefully crafted to cover a wide range of topics, ensuring students gain a deep understanding of the subject matter and develop expertise in Finance. With a focus on hands-on learning and industry-relevant projects, graduates are well-prepared for successful careers in the Finance field. The program's holistic approach and diverse skill set make it highly in demand in USA. Graduates of Master of Science in Finance from California State University San Bernardinocan easily secure jobs in various industries, including positions such as Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner. This program offers a valuable opportunity for students to excel and thrive in the dynamic world of Finance.
Studying the Master of Science in Finance and Investment Management will be the gateway to a fulfilling future career as a Asset, private or wealth equity manager, Chief investment officer, Commercial lending officer, Corporate finance officer, Equity strategist, Financial analyst, Financial risk manager, Hedge fund analyst, Investment banker, Investment operations analyst, Mutual fund manager, Portfolio manager.. You can pursue this masters course in the USA for a tenure of 2 Years and that too by meeting several admission requirements. You should also note that the areas of study and expertise include Business
The Finance Corporate Finance MBA offered by Pace University is an advanced Masters course designed for students aspiring to become professionals in Finance. This course provides a comprehensive overview of the field. Students will gain hands-on experience through practical exercises and real-world projects, allowing them to apply the concepts learned in class. The curriculum is carefully designed to ensure that students develop a strong foundation in Finance and acquire the skills needed to solve complex problems in the industry. Upon completion of this course, students will be well-prepared to tackle the challenges of Finance and pursue rewarding career opportunities in roles like Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner.
Studying the Finance M.S. will be the gateway to a fulfilling future career as a Accountant, Accounting Manager, Auditor, Budget Analyst, Credit Analyst, Financial Analyst, Forensic Accountant Fraud Investigator, Internal Auditor, International Accounting Specialist, Management Accountant, Merger and Acquisitions Analyst, Payroll Manager, Risk Manager, Strategic Planner, Tax Examiner Collector, Tax Manager and Revenue Agent. You can pursue this masters course in the USA for a tenure of 0 Years and that too by meeting several admission requirements. You should also note that the areas of study and expertise include Business
The Master of Science in Finance-Regular MSF Track offered by University of Miami in USA is an advanced Masters program designed to provide students with comprehensive knowledge and practical skills in Finance. The curriculum is carefully crafted to cover a wide range of topics, ensuring students gain a deep understanding of the subject matter and develop expertise in Finance. With a focus on hands-on learning and industry-relevant projects, graduates are well-prepared for successful careers in the Finance field. The program's holistic approach and diverse skill set make it highly in demand in USA. Graduates of Master of Science in Finance-Regular MSF Track from University of Miamican easily secure jobs in various industries, including positions such as Financial Analyst, Investment Banker, Financial Manager, Risk Manager, Financial Planner. This program offers a valuable opportunity for students to excel and thrive in the dynamic world of Finance.
Studying the MS in Finance will be the gateway to a fulfilling future career as a Financial Broker, Financial Dealer, Financial Investment Advisor, Financial Manager, Financial Marker Dealer, Investment Banker.. You can pursue this masters course in the USA for a tenure of 0 Years and that too by meeting several admission requirements. You should also note that the areas of study and expertise include Business
Q. Is it worth it to do Masters in Finance in the USA?
Yes, pursuing a Masters in Finance in the USA can provide you with access to a wide range of career opportunities in the financial industry, exposure to a diverse and multicultural environment, and opportunities to network with industry professionals and experts.
Q. What are the requirements for a Masters in Finance in the USA?
The requirements for pursuing a Master's in Finance program in the USA include a bachelor's degree in a relevant field, proficiency in English (TOEFL or IELTS scores), GRE or GMAT scores, and work experience (optional).
Q. What are some of the top universities for Masters in Finance in the USA?
Some of the top universities in the USA for pursuing a Masters in Finance include MIT, Stanford University, Harvard University, University of Pennsylvania, and Northwestern University.
Q. What is the average salary after completing Masters in Finance in the USA?
The average salary after completing Masters in Finance in the USA varies based on the job role, location, and experience. However, graduates can expect to earn a median annual salary of $79,903.
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