The USA is home to the top financial markets and stock exchanges in the world. Thus, Masters in Finance in USA is widely popular among international students. It is a 1-2 year programme that prepares graduates to pursue careers in corporate finance, investment banking, financial institutions, risk management, financial modelling, capital markets, and other related fields.
Pursuing a Masters in Finance in the USA opens doors to a world of possibilities for aspiring finance professionals due to its diverse curriculum, experienced faculty, and unparalleled networking opportunities. In this blog, we will cover everything you need to know about studying Masters in Finance in US, from top universities, eligibility and admission criteria, jobs and salaries, and more.
Why Study Masters In Finance In USA
The USA offers numerous advantages and opportunities that make it an ideal destination for your studies. Here are some compelling reasons to choose the USA for your Masters degree in Finance:
- Quality Education: The USA is renowned for its top-tier educational institutions and rigorous academic programmes. Pursuing a master’s degree in Finance in the USA allows you to access high-quality education, advanced curriculum, and research opportunities. Universities often organise networking events, guest lectures, and career fairs where you can interact with industry leaders and potentially secure internships or job opportunities.
- Career Prospects: The USA has a robust and dynamic financial sector, offering a wide range of career opportunities for finance professionals. Major financial hubs like New York, Chicago, and San Francisco are home to prestigious financial institutions, investment banks, consulting firms, and multinational corporations. Studying in the USA can provide you with access to these job markets, increasing your chances of finding rewarding employment and career advancement.
- Salary Package: The salary package after completing Masters in Finance in US is attractive. The value increases with a better experience. For example, students who just graduated can expect 54,000 USD/year as financial analysts and 46,000 USD/year as accountants.
Top 10 Universities For Masters In Finance In USA
These top 10 Universities for masters in finance universities offer innovative programmes that equip students with the skills and knowledge required to thrive in the financial industry. Explore their exceptional curriculum, esteemed faculty, industry connections, and unique learning experiences. Get ready to take your financial career to new heights with these reputed institutions.
| University | Programmes Offered | Tuition Fee (USD) |
| Georgetown University | Masters in Finance | 86,522 |
| Boston University | Masters in Financial Management | 38,500 |
| University of Southern California | Masters in Finance | 76,932 |
| Georgia Institute of Technology | MS in Quantitative and Computational Finance | 57,969 |
| University of Illinois Urbana Champaign | Masters in Financial Engineering | 64,005 |
| University of Texas at Austin | Masters in Finance | 53,000 |
| University of California Los Angeles | Masters in Financial Engineering | 85,276 |
| University of California Berkeley | Masters of Finance | 80,486 |
| Columbia University | Masters in Financial Economics | 66,584 |
| Massachusetts Institute of Technology (MIT) | Master of Finance | 86,300 |
Eligibility & Admission Requirements For Masters In Finance In USA
Eligibility and admission requirements for Masters in Finance in US may vary slightly between universities. However, there are several common criteria that most institutions consider. Here is a short introduction to the typical eligibility and admission requirements for Masters in Finance programmes in the USA:
- A Bachelor Degree: Applicants must have an undergraduate or bachelor’s degree from an accredited institution.
- Suitable Skills: International students must possess a set of pointful abilities such as English communication, mathematics, computer programming, and so on.
- English Language Proficiency Test: International students are required to write and pass the English language proficiency test. TOEFL or IELTS are highly accepted in the USA.
- GMAT/GRE Score: A strong GMAT or GRE score also influences your application’s progress. However, some institutions like the University of Florida, the University of Texas, etc., admit applicants without GRE or GMAT scores.
Job Profiles And Salaries For Masters In Finance In USA
A Masters degree in Finance can open up various job opportunities in the USA, as it provides in-depth knowledge and skills in financial management, investment analysis, risk assessment, and financial decision-making. Here are some common high-demand job profiles and corresponding salary ranges for individuals with a master’s degree in Finance in the USA:
| Job Profile | Average Annual Salary |
| Accounting Manager | 85,072 USD |
| Senior Financial Analyst | 83,682 USD |
| Finance Manager | 109,628 USD |
| Financial Controller | 91,190 USD |
| Portfolio Manager | 94,601 USD |
Scholarships For Masters In Finance In US
Scholarships for masters in finance in the USA are highly sought after for students aspiring to pursue advanced studies in finance. These scholarships provide financial assistance and opportunities for talented individuals to acquire specialised knowledge and skills in the field of finance.
| Scholarship Name | Eligibility | Benefits/Grants |
| Inlaks Shivdasani Foundation | Pursue a Full-Time Masters programme in the USA | Up to 100,000 USD |
| Global Study Awards | Should be enrolled in a PG program in the USA and score well in the IELTS exam | Offers 50% loan and 50% grant and covers tuition fees, living and travel expenses |
| Dean’s Scholarship Program | Pursue studies at Questrom School of Business | Will waive a portion of the tuition fees |
| The Chengchun Arthur ‘Qi’ Book | Pursues studies at UC Berkeley Haas School of Business | 1000 USD |
| Quad Fellowship | Sponsor Indian students who wish to study Masters or Doctorate programmes via stem courses in the USA | 50,000 USD |
Tip: Education loans are another way of financing studies in the USA. Students can contact banks or private lenders for an education loan.
Cost Of Studying Masters In Finance In US
The cost of studying in the USA can vary depending on several factors such as the university, location, and lifestyle choices. However, these are the general idea of the cost of living and tuition fees:
- Tuition Fees: The tuition fees for an MS in Finance in the USA can vary significantly among universities. On average, you can expect to pay between $20,000 and $60,000 per year for tuition. Also, prestigious universities or private institutions might have higher tuition fees, ranging from $60,000 to $100,000 or more per year. It’s important to research and considers different universities and their fee structures to get an accurate estimate.
- Cost of Living: The cost of living in the USA also varies depending on the location. Major cities such as New York, San Francisco, or Boston generally have a higher living cost than smaller towns or rural areas. As an estimate, you should budget around $15,000 to $25,000 per year for living expenses, including accommodation, food, transportation, utilities, and personal expenses. Remember that these figures are approximate, and your lifestyle choices can significantly impact your overall expenses.
FAQs
What is the duration of Masters in Finance in USA?
Masters in Finance in USA is a two-year programme, offering students a comprehensive exploration of finance encompassing financial markets, investments, and corporate finance.
How much do you earn after Masters in Finance in USA?
Entry level average salary of Masters in finance in the USA ranges from 80,000 – 160,000 USD per year.
Do universities in USA require scores of GRE or GMAT for admissions to MS in Finance?
A strong GMAT or GRE score also influences your application’s progress. However, some institutions like the University of Florida, the University of Texas, etc., admit applicants without GRE or GMAT scores.
What is the eligibility criteria for MS in Finance in USA?
For admission to an MS in Finance program in the USA, applicants must hold a recognised undergraduate degree in a relevant field. International students need to demonstrate English language proficiency by submitting scores from standardised tests such as TOEFL or IELTS.
What are the best universities offering Masters in Finance in USA?
Universities like Massachusetts Institute of Technology, University of Pennsylvania, New York University, Columbia University etc are known to be the best universities for masters in finance in USA.
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1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”
I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further