Finance is the foundation of the business world. This is a fast-growing industry and every organization needs a strong finance team. From banking to financial analysis or investments, those involved in finance play an important role in keeping businesses running smoothly. Therefore, employers around the world need skilled and talented finance professionals. Several universities offer major and minor courses in finance as it becomes an important skill to master. Do you want to get an MS in finance in the USA? Read on to find out everything you need to know here on this page! But before that…
Do you know?
According to the U.S. Bureau of Labor Statistics’ current Occupational Forecast Guide, demand for financial analysts will grow 11 percent through 2026, faster than the average for all occupations.
Despite labor market competition, finance graduates in the US have strong career prospects, even for international students. According to the world-famous recruitment company Robert Half, financial analysts are also in high demand. According to the Forbes article, “One of the Fastest-Growing Careers Desperately Needs Young Talent,” financial advisor positions are increasingly in demand today. An MS in Finance in the USA boosts global job prospects amid high demand and competition.
Topics covered
Why study MS in finance in the USA?
No wonder, studying in the USA is one of the best choices as it provides the most sought-after courses today. But if you are wondering why, you should study MS in Finance in the USA, here are some facts you may consider:
- The United States is home to many of the top universities in the USA and business schools in the world, which can provide access to high-quality education in finance.
- A Master’s degree in finance from a reputable American university can enhance your career prospects and increase your earning potential.
- American universities often have strong ties to the financial industry, offering students valuable networking, internships, and job opportunities.
- The US hosts top financial institutions, making it perfect for finance career aspirants.
- The US boasts an advanced financial market, ideal for learning about diverse financial instruments and practices.
- Studying in the United States offers the chance to immerse in American culture and explore diverse regions.
Note: If you are looking for information on the Business Analytics course in the USA, refer to our MS in Business Analytics in USA blog post.
Eligibility criteria for MS in Finance in the USA
The subject matter of a finance degree is similar to an MBA curriculum. This specialized MS in Finance degree will extensively cover corporate banking, investment banking, wealth management, and management accounting. The degree will also include a final project or an applied project on topics such as portfolio management, mergers, acquisitions, etc.
Here are the eligibility requirements for an MS in finance in the USA:
- The general requirement for an MSc in finance in the US is a 3–4-year bachelor’s degree in a relevant field of study from a recognized university with a score of 80% or higher.
- When applying, submit the necessary documents: recommendation letters (2-3 as needed), and statement of purpose.
- Academic Transcripts
- TOEFL/ IELTS/ GMAT/ GRE scores.
- Additionally, your GPA must be 3.4 or higher to be considered as a potential candidate.
Note: Some universities request GRE scores, and some require GMAT scores for admission to a master’s degree in finance. Therefore, it is best to check with the university you wish to enroll in and then take this exam to meet their entry requirements. It will also save you from unnecessary hurdles during admission.
Documents required to study MS in Finance in the USA
Following are the required documents you will have to submit for pursuing Masters in Finance in the USA for Indian Students:
- A completed online application for admission
- Academic certificates from all educational institutions attended are evaluated
- 2-3 letters of recommendation
- Summary
- Writing sample or statement of purpose
- Some universities may also request a video essay or question
- Standardized test scores for US education
- English proficiency test results
- GMAT/ GRE scores
- Payment of a non-refundable entry fee
- Photocopy of USA Student Visa
Note: To know everything about studying procedures in the USA, refer to our Intakes in the USA blog post!
List of Top Universities in the USA for MS in Finance
Here are some of the top universities offering MS in Finance in the USA along with their ranking and fees:
| University | QS World Ranking 2024 | Program Offered & Annual Tuition Fees (USD) |
| MIT Sloan School of Management | #4 | Master of Finance (MFin) USD 87,600 |
| UC Berkley Haas School of Business | #5 | Master of Financial Engineering (MFE) USD 80,486 |
| UCLA Anderson School of Management | #9 | Master of Financial Engineering (MFE) USD 58,852 |
| University of Texas | #27 | Master of Science in Finance (MSF) USD 53,000 |
| USC Marshall | #30 | Master of Science in Finance (MSF) USD 56,484 |
| University of Florida | #31 | Master of Science in Finance (MSF) USD 35,543 |
| Boston University | #33 | Master of Science in Finance (MSF) USD 58,560 |
| Georgetown University | #37 | Master of Science in Finance (MSF) USD 43,686 |
| University of Maryland | #45 | MS in Finance USD 35,965 |
| Georgia Tech | #46 | Master in Quantitative and Computational Finance (MSQCF) USD 38,646 |
| University of Illinois Urbana Champaign | #58 | MS in Finance USD 21,667 |
| Ohio State University | #61 | MS in Finance USD 51,994 |
For more information, visit – Top Universities in the USA blog post!
Job Opportunities after MS in Finance in the USA
A master’s degree in finance will open you up to many opportunities in the financial industry. You can work as an investment banker, financial analyst, or even an actuary. There are also many other opportunities available to you, such as being a financial advisor or working at a hedge fund. The median salary after a master’s degree is $105,000 per year. That’s higher than the median salary of $69,000 a year for those without a finance degree.
With a master’s degree in finance, the salary can be higher than the average salary for all professions. Sector and location also have a big impact on salaries and career opportunities. Some of the popular careers after a master’s in finance include
- Accountant
- Actuary
- Capital Markets Analyst
- Corporate Investment Banker
- Financial Analyst
- Financial manager
- Insurance Specialist
- Investment Consultant
- Personal Financial Advisor
- Portfolio Manager
- Securities, Commodities, and Financial Services Sales Agent
- Stockbroker
- Trader
Comparison between top MS in Finance Specializations in the USA
Here’s a table comparing MS in Quantitative Finance, MS in Banking and Finance, and MS in Finance in the USA:
| Criteria | MS in Quantitative Finance | MS in Banking and Finance | MS in Finance |
| Focus Area | Quantitative analysis, financial engineering, and mathematical finance | Banking operations, risk management, and financial institutions | General finance principles, corporate finance, investment analysis |
| Course Content | Advanced mathematics, programming, statistical methods, financial modeling | Banking regulations, risk management, international banking, financial markets | Corporate finance, investment management, financial analysis, financial planning |
| Skills Developed | Programming (Python, R), stochastic calculus, quantitative modeling | Banking operations, risk assessment, regulatory compliance | Financial analysis, portfolio management, financial planning |
| Typical Career Paths | Quantitative analyst, financial engineer, risk manager, algorithmic trader | Bank manager, risk analyst, financial consultant, regulatory advisor | Financial analyst, investment banker, financial advisor, corporate finance manager |
| Industry Demand | High demand in investment banks, hedge funds, and trading firms | Strong demand in commercial banks, regulatory bodies, and financial institutions | Broad demand across various sectors including corporate finance, investment banking, and consulting |
| Prerequisites | Strong background in mathematics, statistics, and programming | Background in finance, economics, or related field | Background in finance, economics, or related field |
| Pros | High salary potential, technical skill set, niche expertise | Specialized knowledge in banking, strong job market, regulatory insights | Versatile degree, broad career opportunities, foundational finance knowledge |
| Cons | Highly competitive, requires strong quantitative skills | Less versatility outside the banking sector, regulatory focus may be limiting | Broad focus may lack depth in specific areas, highly competitive job market |
Epilogue
Most of the US economic contribution is driven by financial sectors. The country is home to the best finance brands in the world, making it a great opportunity for international students to pursue the best MS in finance in the USA.
Considering that all the best recruiters want finance professionals with a master’s degree in finance from one of the best universities in the US, a master’s degree in finance can easily land you a high-paying job anywhere in the world. Due to the complexity of the application process and the uncertainty of selection, most international students face difficulties in applying for suitable courses. But not anymore. If you still have questions related to an MS in Finance in the US, our study abroad experts are here to help.
iDreamCareer is on a mission to reach every state and every child to ensure that talent is appropriately delivered to the industry.
Talk to our study abroad experts with over 20 years of experience to find out for yourself! We have helped several brilliant but confused minds to choose the most suitable career. Hear the success story of Aayushwho got an offer from three top universities and is currently studying at the University of Ottawa in Canada after receiving career guidance from our industry experts.
MS in Finance in USA: FAQs
Yes, it is possible to work while studying MS in finance in the USA, though it may depend on the specific program and your availability. Some universities may offer work-study programs or internships that allow students to gain practical experience while earning money.
Pursuing an MS in Finance in the USA can be worthwhile for high-quality education, strong career prospects, and networking opportunities. Graduates often secure roles in top financial institutions. However, consider the significant cost and ensure it aligns with your career goals and financial situation.
After completing an MS in Finance in the USA, the average starting salary typically ranges from $70,000 to $100,000 annually. Factors influencing this include the university attended, location, job role, and previous experience. Top graduates from prestigious schools may earn even higher starting salaries.
A Masters in finance in the United States typically takes two years to complete on a full-time basis. Some universities may offer part-time or accelerated programs that allow students to complete the degree in a shorter period.
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
