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Masters Of Finance in USA: Top Universities, Eligibility And Course Details

Masters of finance in USA

The Masters of Finance in USA programme typically spans a duration of 1-2 years, making it highly sought after by international students aiming to kick-start their careers in the finance field. The programme’s primary objective is to equip graduates with the necessary skills and knowledge to excel in corporate finance, investment banking, financial institutions, risk management, financial modelling, capital markets, behavioural finance, econometrics, and investment management.

According to QS Top Universities, a total of 66 universities in the USA offer a Masters (MS) in Finance. Renowned institutions like MIT, Columbia University, and the University of California Berkeley are highly regarded, securing positions such as #1, #22, and #44 in the rankings.

Name of the programmeMasters of Finance in the USA
Duration of the programme1 – 2 years
Eligibility CriteriaBachelor’s from the US or any other known university overseas
Required GPA3.0-3.5 on a scale of 4.0
English Language Proficiency scoresIELTS: 6.0 TOEFL: 80-100
Average Tuition Fee$19,000- $80,000
Average Salary $113,614 per year

Why Study A Masters Of Finance In USA? 

Masters of finance in USA

Masters in finance in USA programmes typically last between 12 to 18 months and are a favoured choice among students seeking a swift and cost-effective pathway to enter the finance workforce. Unlike MBA programmes in the USA, MS in Finance programmes generally do not mandate prior work experience for admissions, instead emphasising financial planning and risk management skills. 

  • 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.

List Of Universities In USA For MS In Finance

The duration of  Masters of Finance in USA varies between 12 to 24 months, depending on the university and the choice of part-time or full-time enrollment. Admissions typically commence in most universities during the December and January period.

UniversityProgrammes OfferedTuition Fee (USD)
Georgetown UniversityMasters in Finance86,522
Boston UniversityMasters in Financial Management38,500
University of Southern CaliforniaMasters in Finance76,932
Georgia Institute of Technology MS in Quantitative and Computational Finance57,969
University of Illinois Urbana ChampaignMasters in Financial Engineering64,005
University of Texas at AustinMasters in Finance53,000
University of California Los Angeles Masters in Financial Engineering85,276
University of California Berkeley Masters of Finance80,486
Columbia UniversityMasters in Financial Economics66,584
Massachusetts Institute of Technology (MIT)Master of Finance86,300

Eligibility Criteria To Study Masters Of Finance In USA

In contrast to many other countries, the United States offers a STEM designation to its MS in Finance programme. This allows students from various countries, including Canada, Australia, America, Hong Kong, India, and the UK, to obtain an F-1 visa that grants a 24-month OPT (Optional Practice Training) extension in addition to the regular 12-month OPT tenure.

The eligibility requirements for pursuing a Masters of Finance in USA are given in a table below:

Bachelor’s degreeMust possess a bachelor’s degree in a relevant field of study from an eligible university
Minimum requirement: 80% marks or above
GRE or GMAT scoreRequired score: Generally considered favorable at 650 or higher
English proficiencyNon-native English-speaking students must demonstrate English proficiency
IELTS scoreMinimum score typically considered advantageous: 6.5 or higher
TOEFL scoreMinimum score typically considered advantageous: 90 or higher

Test Scores To Be Aware Of

Name of the universityG.P.A.TOEFLGRE
The University Of California Berkeley3.8980320
University of Southern California (USC) Marshall School Of Business3.8990160
MIT Sloan School Of Management 3.6290Quant – 158 – 169
Verbal – 157 – 168
UCLA Anderson School Of Management 3.5100320
The University Of Texas At Austin3.8379Quant – 159
Verbal – 160

Cost Of Studying This Course

The Masters of Finance in USA is a costly undertaking for international students. In addition to tuition fees, students are responsible for covering their living expenses in various cities across the country. It is crucial for international students to thoroughly examine the cost of studying in the USA before making a university selection.

The tuition fees for stem-designated MS finance in USA vary between $19,037 and $77,168 per year. You can refer to the costs highlighted in the table below: 

ParticularsCost (Monthly)
Off-Campus Accommodation $525
On-Campus Accommodation$871
Food Cost$527
Utility Cost$180
Health Insurance$80
Total Cost of Living with Off Campus Accommodation $1,504
Total Cost of Living with On Campus Accommodation $1,850
Annual Cost of Living$18,048

Due to the high costs involved, many international students find it challenging to maintain their livelihood in the USA. When pursuing a Masters of Finance in USA, students have the option to reside either on or off-campus. The cost of living in the USA largely depends on factors such as the type of student housing chosen and the city of residence.

Scholarships For MS In Finance In USA

The high tuition fees necessitate the majority of international students to seek financial assistance in order to complete their degree successfully. Here are the available scholarships for masters of finance in USA:

Name of the scholarshipUniversity Funding Amount
The Chengchun “Arthur” Qi Book ScholarshipThe University Of California Berkeley$1,000
Merit-based ScholarshipsUniversity of Southern California (USC) Marshall School Of BusinessPartial tuition fees
Inlaks Shivdasani Foundation ScholarshipUCLA Anderson School Of Management$100,000
OGE Administered FellowshipsMIT Sloan School Of Management Partial tuition fees

Job Prospects After This Course

Graduates in Masters of Finance in USA have the opportunity to secure highly rewarding positions in the global financial sector. In today’s thriving financial landscape, these finance graduates possess the knowledge and expertise to advise organisations on forthcoming economic risks and propose strategies to enhance their value.

Name of the universityAverage salary
MIT Sloan School of Management$150,000
UC Berkeley Haas School of Business$171,000
UCLA Anderson School of Management$96,428
USC Marshall School of Business$127,495

Job ProfileAverage Annual Salary
Accounting Manager85,072 USD
Senior Financial Analyst83,682 USD
Finance Manager109,628 USD
Financial Controller91,190 USD
Portfolio Manager94,601 USD

MBA Vs Masters In Finance: What Is The Difference

As noted earlier, determining the most suitable degree hinges on your career objectives and your desired outcomes from your educational journey. Here’s a brief overview of Masters in Finance Vs MBA to contemplate prior to finalising your choice:

For MBA:

  • Offers greater Return on Investment (ROI)
  • Requires substantial work experience
  • Might necessitate GMAT/GRE examination
  • Encompasses a broader spectrum of business subjects

For Master’s:

  • Requires less work experience
  • Demands higher academic qualifications for esteemed institutions
  • GMAT/GRE scores hold less significance
  • Provides a more specialised curriculum


In conclusion, pursuing a Masters of Finance in USA offers a promising pathway for international students to delve into the dynamic world of finance and secure lucrative career opportunities. With a range of programme durations and abundant options available, aspiring finance professionals can acquire the necessary knowledge and skills to excel in their chosen field. Whether it’s financial planning, investment management, or corporate finance, the Masters of Finance programmes in the USA provide a solid foundation for success in the ever-evolving financial landscape.


1. Is it worth pursuing a Master of Finance in the USA?

Obtaining a Masters of Finance in the USA will unlock numerous prospects for you within the finance industry. You will have the option to pursue careers as an investment banker, financial analyst, or even an actuary.

2. Do universities in the USA require scores of GRE or GMAT for admissions to MS in Finance?

In the majority of instances, top USA business schools require a mandatory GRE or GMAT score. Along with an IELTS or TOEFL score is also necessary for international students applying to their MS in Finance programmes.

3. What are Masters in Finance subjects in the USA?

The objective of the programme is to enable graduates with the skills necessary to oversee diverse finance areas, including corporate finance, financial institutions, investment banking, risk management, capital markets, financial modelling, behavioural finance, econometrics, investment management, and other related domains. 

4. What are the tuition fees for an MS in Finance in the USA?

The annual tuition fees for a Master in Finance in the USA vary from $19,000 to $80,000, providing a wide range of options for students seeking financial planning education at different price points.

5. How long is MS in Finance in the USA?

Masters in Finance programmes in the USA typically span a duration of 1-2 years, making them highly sought after by international students aspiring to launch their careers in the finance industry.

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1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”

  1. 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

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Masters of finance in USA

Masters Of Finance in USA: Top Universities, Eligibility And Course Details

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