Masters in Finance in the USAprovides specialised education for careers in corporate finance, investment management and financial institutions. It is aimed at providing advanced knowledge and shaping students to be data-informed with an understanding of the latest finance technologies and their application to careers in risk management, asset allocation, corporate investment, among others.
Generally, Masters in Finance in the US spans anywhere between 12 and 18 months (two to four semesters). Most universities in the US require an international applicant to have completed Bachelors with a minimum GPA of 3.0 (varies from one university to another) on a 4.0 scale.
With Master of Finance being one of the top graduate programs worldwide, students and professionals from across the world prefer US universities. As per QS Masters in Finance Rankings 2021, a good number of the universities featured in the list are in the US. Among these top-ranked universities include MIT (Sloan), UC Berkeley, UCLAandthe University of Texas at Austin.
Median salaries offered to Finance graduates in the US are also impressive, ranging between $81,000 and $129,000 per annum depending on the type of job and work experience.
Given in the table below are some of the key highlights of Masters in Finance in USA:
Duration |
12-18 months |
Average Fees |
$20,000-$70,000 per year |
Top Courses/Specialisations |
Corporate Finance, Quantitative Finance, Personal Financial Planning, Finance and Investment, Banking and Finance |
Academic Requirements |
A Bachelors degree from a recognised university Minimum GPA of 2.7 to 3.5 on a 4.0 in Bachelors |
Exam Requirements |
GMAT - 680 GRE - 325 |
Language Test Requirement |
IELTS - 6.5 TOEFL - 100 PTE Academic - 75 Duolingo English Test - 105 |
Admission Intakes |
|
Average Salary on Graduation |
$81,000 (Annual) |
Average Salary after 10 Years |
$129,000 (Annual) |
Top Recruiters |
JP Morgan, McKinsey, Goldman Sachs, Boston Consulting Group, BAMFi, Payability, Loanatik |
Here are the general admission requirements for an international student to apply for a masters degree in finance in the US:
Eligibility Criteria:
The candidate must have completed a bachelors degree from a recognized university.
Should have secured a GPA that is at least 3.0 on a 4.0 scale in the undergraduate program.
Should have taken the GRE/GMAT, whichever is required by the university. However, many universities have waived off GRE/GMAT requirements for masters in finance.
Should meet the English language requirement as specified by the university
Some masters in finance programs in the US also require international candidates to have some prior experience in the field.
Documents Required:
English language test score reports
Academic transcripts from Bachelors studies and previous grades
An updated CV/resume, if required
GRE/GMAT test score reports, if required
Letter of Recommendation (LOR) from former previous employers/professors
Statement of Purpose (SOP) or motivation letter
Evidence of funds
Note: Many universities also offer admissions with test scores as optional, instead of it being a requirement.
Given below are the top 10 universities in the US for masters in finance according to QS World University Rankings:
Name of the University |
Rank |
=2 |
|
UC Berkeley |
6 |
=7 |
|
The University of Texas at Austin |
28 |
29 |
|
30 |
|
36 |
|
39 |
|
41 |
|
45 |
Source: QS World University Rankings: Masters in Finance Rankings 2021
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