Best Universities in USA for Finance Courses

Here are some of the top universities that offer the best finance courses in USA. We shall look into important details of the universities such as rankings, programs offered and much more.

1. Massachusetts Institute of Technology (MIT)
2. Columbia University
3. UC Berkley
4. University of Texas
5. University of Illinois

Let’s know it in detail:

1. Massachusetts Institute of Technology (MIT)

Founded in 1861 as a private research institution, MIT is one of the most prestigious institutions in the world for finance students. Offering some of the most profitable finance courses and programs ffor students all over the world, MIT is definitely on the top of our list. MIT offers a wide range of Bachelors, Masters, and Doctoral Finance Programs for students. The MIT Sloan School of Management prepares students for a career in finance by including the topics such as Business Laws, Taxation, Finance Management, Industrial Business, and much more in the finance courses.

Type of Institution	Private
QS World University Rankings 2023	1
QS World Subject Ranking 2022	3
Programs Offered	Bachelor of Finance MBA in Finance Master of Finance PhD in Finance
Annual Average Fees	Bachelors: $58808/ INR 47 Lakhs Masters: $118242.50/ INR 94.5 Lakhs PhD: $78853.36/ INR 63.02 Lakhs

2. Columbia University

It is one of the most prestigious private universities for best finance courses in USA. Columbia University attracts international students from all over the world. Here in this university you can find varied finance courses that can help in developing a good understanding of the subjects. There are several post-graduate and undergraduate degree options for students at Columbia University that can educate students on concepts of finance, accounting, business management, taxation laws, business laws, indirect taxes, administration and much more.

Type of Institution	Private
QS World University Rankings 2023	22
QS World Subject Ranking 2022	12
Programs Offered	MSc Financial Economics MA Mathematics of Finance MBA Finance BSC Financial Engineering
Annual Average Fees	Bachelors: $58,000/ INR 4635389.23 Master: $84,000/ INR 6713322.34

3. UC Berkely

The Haas School of Business in the University of California Berkely is one of the most prestigious institutions offering the best finance programs to students all over the world. Students can choose from bachelors, masters, and doctorate degrees in Finance. There are different programs offered in the HaaS School of Business like Bachelor of Management and Entrepreneurship. Apart from that, students can also choose from evening and weekend Finance classes in order to get the best of programs. There is a Master of Financial Engineering program offered by UC Berkley for a duration of one year. Students are also provided with internship programs and applied finance projects.

Type of Institution	Public
QS World University Rankings 2023	-
QS World Subject Ranking 2022	-
Programs Offered	Bachelor of Management Master of Financial Engineering Master of Finance PhD Finance
Annual Average Fees	Bachelors: $34000/ INR 26 Lakhs Masters: $68693.26/ INR 54.9 Lakhs PhD: NA

4. University of Texas (Austin)

Founded in the year 1883, the University of Texas, Austin is a public university that provides from the best STEM and Finance courses in Texas. Students here are enabled to gain-first hand experience about finance concepts such as Accounting, Financial Management, BUsiness Administration, Taxation, Economics, and much more. THere are internships and industry-related projects added in the Finance program curriculum, helping students understand their roles in the professional sector after the academic year. Hence, it is one of the best universities to opt for a finance course. This university offers a plethora of finance courses from undergraduate to postgraduate levels.

Type of Institution	Public
QS World University Rankings 2023	72
QS World Subject Ranking 2022	37
Programs Offered	BBA Finance Master of Science Finance
Annual Average Fees	Bachelors: $47171.87/ INR 37.7 Lakhs Masters: $48172.87/ INR 38.5 Lakhs

5. University of Illinois (Chicago)

Students will be awarded various benefits when they opt for undergraduate and postgraduate finance courses at the University of Illinois in Chicago. After enrolling into the programs offered here, students can delve deeper into financial concepts such as Financial Accounting, Business Laws, Tax Laws, Business Analytics, Business Administration, Behavioral Science, and so much more. This university also offers internships to fresh graduates who are eager to gain some first-hand experience about the finance fields.

Type of Institution	Public
QS World University Rankings 2023	317
QS World Subject Ranking 2022	151- 200
Programs Offered	BSc in Finance MSc in Finance
Annual Average Fees	Bachelors:$22743/  INR 18 Lakhs Masters: $45486/ INR 35 Lakhs

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Course Curriculum for Finance Degree in USA

The best finance programs in the US are hugely in demand right now because of the career prospects and opportunities that these courses provide. The curriculum for finance programs in USA contain a wide range of diverse subjects, some of which include:

• Financial Accounting and Reporting
• Business Laws and Business Correspondence and Reporting
• Taxation
• Corporate Laws
• Cost Accounting and Financial Management
• Advanced Auditing and Professional Ethics
• Business Laws, Ethics and Communication
• Strategic Cost Management and Performance Evaluation

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Eligibility Criteria and Admission Requirements for Finance Courses in USA

Before applying to the top colleges and universities that offer 1 year finance courses in USA, it is essential that students have an idea about the eligibility criteria in such institutions. Most finance colleges and universities in USA have different requirements for eligibility but we have compiled a few common requirements that all colleges tend to have.

1. Educational Qualifications
2. Work Experience
3. English Language test scores
4. Entrance Exam Scores
5. USA Student Visa
6. Additional Requirements

Let’s know it in detail:

• Educational Qualifications 

If you want to pursue the best finance courses in USA, whether graduate or postgraduate, you have to possess the educational qualification for that. For a bachelor’s degree in finance, students must pass their 12^th with a certificate from any recognized university. For post-graduate courses, students will have to complete their Bachelor’s degree first with a required score of 3.0 GPA.

• Work Experience

Some students also have to get some prior work experience before applying to the top finance universities and colleges for a master’s program. At least 2 years of work experience is essential for students.

• English Language Test Scores

This is a specific requirement for international students who don’t have English as their primary language. There are several English Language Proficiency Tests such as IELTS and TOEFL that students must attempt in order to seek admission into the top colleges for finance in the USA. The requirements are:

• IELTS: 6.0-7.0
• TOEFL: 90-110
  
  
• Entrance Exam Scores

Now these scores might not be requisite in all finance colleges and universities, but there are some prestigious institutions in USA that might ask for these scores. Hence, it is always a good idea to keep these scores handy. The requirements are:

• GMAT: 510-550
• GRE: 315-330
• USA Student Visa

International students who are willing to study finance in USA need to apply for a US student visa after getting an acceptance letter from the applied university.

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Documents Required for Finance Courses in USA

If you want to study finance in USA from the most sought-after universities, have a look at the official documents needed to seek admission into the institutions.

• LOR
• Academic Transcripts
• Statement of purpose
• ELP Test scores
• Portfolio
• Proof of financial support
• Valid Passport
• Current Photographs (passport size)

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Admission Process to Study Finance Courses in USA

There might be some differences in the admission procedure of various universities and finance colleges in USA. However, we have managed to compile some basic steps that should be followed in order to seek admission to the top universities and finance colleges.

• Have a look at the website of all the universities and colleges that you are applying to. Check the eligibility criteria and see if you can qualify for the application.
• Take a look at the important documents and permits that you need to submit along with your application.
• Fill out your application form with the requisite details and deposit your application fee.
• Upload all the documents that are essential for the application and your passport-sized photographs. You can submit your application then.
• Once the application is submitted, you have to wait a while to see if it is accepted. If the application is accepted, you will get an official email regarding interview rounds with the university.
• Once you’ve cleared all the interview rounds you will get the acceptance offer letter from the college or university to which you have to give a reply.
• After enrolling on the college or university, you can choose your course and deposit the desired tuition fee to begin.
• After receiving the acceptance letter you can apply for the USA student visa and plan your journey.

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Cost of Studying Finance And Cost of Living in USA

When it comes to the deciding factors that determine the cost of living in USA and studying  there are so many things to consider. On average, a student has to spend more than 1000 USD per month living and studying in the USA. The expenses can be split into two parts: tuition fees and living expenses.

1. Tuition Fees

Private and public universities and colleges for finance in USA have different fee structures. While the public colleges have a yearly rate of 10000-$30000 USD for finance courses, the private universities tend to charge a bit here. The annual tuition fees for private finance universities and colleges range from 25000 to 80000 USD. One important thing to keep in mind is that the tuition fee might also depend on the course and specialisation that you have chosen.

2. Living Expenses

Tuition fees for 1 year finance courses in USA might be a bit on the higher side, however, the living expenses can be manageable if you choose to cut down on different aspects. From food to transportation and other supplies, international students have to spend somewhere around 800 USD per month on living costs.

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Scholarships for Finance Courses in USA

The colleges and universities in USA offer a wide range of scholarships for students who join the finance programs. With such scholarships, students are able to have some assistance with their financial expenses in USA. Some of these scholarships are mentioned below.

Universities	Scholarships	Details
MIT Sloan School of Management	OGE Administered Fellowships	Partial waiver for program fees
Gies College of Business	Golden Scholarships	Partial payment of tuition expenses
UC Berkeley Haas School of Business	The Chengchun "Arthur" Qi Book Scholarship	$1000
UCLA Anderson School of Management	Inlaks Shivdasani Foundation Scholarship	Up to $100000

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Career Opportunities in USA after Finance Courses

Graduates who have completed their Finance STEM courses in USA have a bright future ahead of them. Most public and private companies and financial corporations are on the lookout for fresh graduates who have completed their degrees from the best universities for finance in USA.

On average, finance graduates can earn somewhere around 40000 to 150000 USD per year in the USA. However, one thing that you definitely need to keep in your mind is that the salary might be dependent on the specialisation and the program that you choose.

Job Title	Payscale (Annual)
Financial Analyst	$81,760
Personal Financial Advisor	$90,530
Securities, Commodities and Financial Services Sales Agents	$67,310
Actuary	$100,610
Financial Manager	$121,750

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Studying finance in USA will open up a lot of doors for your career since you will be trained by expert professionals at the top finance universities in USA. For international students, it is a very lucrative opportunity and hence shouldn’t be missed for sure. Looking forward to joining Finance universities and colleges in USA? Reach out to Yocket Professionals for some help in selecting the right course and college.

Frequently Asked Questions about Finance in USA

1. Is USA good for studying finance courses?

Ans. USA is one of the most sought-after locations for students who want to pursue a career in finance. Consisting of some of the top universities and colleges that feature in the list of US University Finance Ranking, USA definitely provides ample educational opportunities for students who want to study finance courses.

2. Does USA have part time job opportunities?

Ans. International students, while completing their finance degree in USA, can opt to work part-time as there are different job opportunities which can help them get some financial aid.

3. What are some of the common education programs for finance students in USA?

Ans. The colleges and universities offer different finance courses in USA for students. International Students can choose their courses from bachelor, Masters, and Doctoral programs that are offered in institutions. Also, there are several certificate courses and diploma programs offered in the universities and colleges as well.

4. Do the best universities for finance in USA offer scholarships?

Ans. Yes, there are various scholarship opportunities offered to students who opt for finance courses in USA from the top universities. Some of the common scholarships include:

• OGE Administered Fellowships
• Golden Scholarships
• The Chengchun "Arthur" Qi Book Scholarship, etc.

5. What career options are offered to students after completing their finance degree in USA?

Ans. After the completion of their degree from the best universities for finance in USA, students can opt for career roles such as:

• Financial Analysts
• Project Managers
• Hedge Fund Manager
• Financial Managers
• Operations Managers, etc.