MS In Finance In USA: Top Universities, Admission Process, Tuition Fees & More Image
Masters abroad: preps and steps

MS In Finance In USA: Top Universities, Admission Process, Tuition Fees & More

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Yocket Editorial Team
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BLS revealed that the employment rate of financial managers is bound to increase by 17% from 2020-2030. USA is the hub of the top financial markets in the world. The country is home to the best stock exchange, such as Nasdaq and more. Thus it isn’t wrong to say that pursuing postgraduate finance courses in USA is a good investment.

International students can benefit from studying in the best colleges for MS finance in USA, where they can enhance their knowledge and develop skills with the support of the popular MS in finance in the USA syllabus. So if you’re considering studying at the best universities for MS in finance in USA, this blog covers all the essential details to help you get started.

Table Of Contents

Why Study MS in Finance In USA?

There is a reason why MS in finance in USA for Indian students are becoming a popular choice. We have covered four such reasons that justify the same.

  1. High Demand Jobs - Finance is a driving factor contributing to the growing USA economy. Finance is a popular course undertaken because the country's demand for jobs is high. Students can work as financial managers, financial analysts, etc.
  2. Stem Programs- The stem program aims to help F1 visa students extend their stay in the USA to practice their skills and knowledge about the course undertaken. Also, the MS in finance in USA salary package is good, especially after completing this program.
  3. Ranked Universities- International students will have the opportunity to study in the best universities for MS in finance in USA. Universities such as MIT (Ranked 1) and more offer valuable education and help develop skills that prepare finance graduates to tackle the online world challenges in this industry from the initial stage.
  4. Salary Package- The MS in finance in USA salary package is good. It gets better with the experience a student gains on their career journey. As per Payscale, students who just graduated can expect 54,000 USD/year as financial analysts, 46,000 USD/year as accountants, etc.

Suggested: Top reasons to invest in a Masters course in USA

5 Top Universities In USA For MS In Finance

International students have a range of best colleges for MS finance in USA to choose from. These universities offer this course with the best teaching style, well-equipped course structure, experienced tutors, etc. Thus when it comes to choosing the best from this list, we have five such top universities in USA for MS in Finance to consider right now:

  • The University of Texas at Austin
  • University of California, Los Angeles (UCLA)
  • University of California, Berkeley
  • MIT (Massachusetts Institute of Technology)
  • University of Florida

The University of Texas at Austin

The University of Texas at Austin offers the Masters in Finance course in its McCombs School of Business. The universities is rated as the number one for a good finance course pre-experience. It is also ranked number 6 for the best classroom experience.

Type

Public

QS World University Rankings 2023

72

QS Business Masters Ranking: Finance 2022

29

Course Duration

10 months

Course Offered

Master of Science in Finance

Average Tuition Fees

53,000 USD (Three terms)

Location

Austin (TX)

University of California, Los Angeles (UCLA)

UCLA offers its Masters in Finance course at Anderson School of Management. It is ranked number three in the US. The student and teacher faculty is 4: 1. They offer students projects so that they can solve problems for a brand with the assistance of their tutors.

Type

Public

QS World University Rankings 2023

44

QS Business Masters Ranking: Finance 2022

8

Course Duration

 

Course Offered

Master of Financial Engineering

Average Tuition Fees

81, 216 USD/year

Location

Los Angeles (CA)

University of California, Berkeley

UCB offers its Masters in Finance course at the Berkeley Haas School of Business. In 2022, 85 students enrolled on this program alone. In the same year, 99% of students received full-time offers to work in this industry.

Type

Public

QS World University Rankings 2023

27

QS Business Masters Ranking: Finance 2022

6

Course Duration

1 year (full-time) and 2 years (part-time)

Course Offered

Master of Financial Engineering

Average Tuition Fees

78,142 USD/year

Location

Berkeley (CA)

MIT (Massachusetts Institute of Technology)

MIT offers the Masters of Finance course in its Sloan School. They have the option to complete their 18-month stem program in one year. From the stem program point of view, the former has been ranked at the top.

Type

Private

QS World University Rankings 2023

1

QS Business Masters Ranking: Finance 2022

4

Course Duration

18-month stem program

Course Offered

Master of Finance

Average Tuition Fees

118,450 USD/year 18-month 912 months + fall 2023)

 

86,300 USD/year ( 12-month)

Location

Cambridge

University of Florida

U of F offers its Masters in Finance program at its Warrington School of Business. The program was started in 2021, and since it is a combination degree program, students can complete their undergraduate course and this Masters in finance program within 4 years.

Type

Public

QS World University Rankings 2023

188

QS Business Masters Ranking: Finance 2022

30

Course Duration

4 years

Course Offered

Master of Science in Finance

Average Tuition Fees

12,744 USD + 17,394 USD/year (on-campus and off-campus fees)

Location

Gainesville (FL)

What Are Stem Finance Programs In USA?

Did you know that you can pursue stem finance programs in USA?

Most international students are pursuing stem  designated MS finance in USA since the course offers valuable education in the core subjects. Most of these MS in finance in USA stem programs have different durations, such as 16 months or 1-2 years, based on the university choice.

These stem designated MS finance in USA programs are offered full-time, part-time and even online. These specialised programs offer the same course, which is Masters in Science in Finance.

Another reason for the demand for Stem degree in USA is the opportunity for F1 visa students to apply for a 24-month extension to conduct optical practical training. This will allow them to work with the best minds in the industry and enhance their career.  

USA universities that offer stem finance programs in USA are USC Marshall, University of Houston, University of Michigan Dearborn, etc.

Eligibility Criteria For MS in Finance in USA

Eligibility Criteria For MS in Finance in USA

To successfully get accepted into the list of universities in USA for MS in finance, there are a set of eligibility criterias that need to be met. While these criterias can differ based from one university to another, there is a standard process that is followed by all.

Here is the complete process list:

A Bachelor Degree

Students applying to a Masters program are required to have an undergraduate degree or a bachelor’s degree.

Relevant Skills

International students, especially those who are applying to the top universities in USA for MS in finance, are required to have a set of skills which are English communication, mathematics, computer programming, etc.

Coursework

During the admission process, USA universities prefer students to have their coursework done in multiple subjects such as numerical method, C++ python, computer application, algebra, etc.

English Language Proficiency Test

International students are required to write and pass the English language proficiency test. Most students, especially those applying in the USA, write either TOEFL or IELTS exams because they are highly accepted there.

GMAT/GRE Score

Having a good GMAT/GRE score also impacts your application process. While some universities enquire for these exams, a few accept students for MS in finance in USA without GRE OR GMAT scores, such as University of Florida, University of Texas, etc. Most of these universities that don’t accept GRE also provide the option of a waiver for the same.

Work Experience

While this may not be mandatory, it is, however a suggested MS in finance in USA requirements. Having work experience can enhance your online application.

Admission Process For MS In Finance In USA Universities

To successfully apply to the best MS finance USA ranking universities, follow these admission steps precisely:

  • Identify which university offers the best MS finance programs in USA
  • Visit the chosen university's official website to capture the entry requirements
  • Pay the application fee and fill in the online application
  • Ensure all related documents are sent before the application deadline
  • Attend any interview if an invite has been sent for the same
  • Once accepted, start arranging for funds and apply for a US student visa.

Documents Required For MS Finance In USA Eligibility

To meet the MS in finance in USA eligibility list, there are a set of documents required for international students to send to the university. Ensure the below is checked:

  • CV/Resume
  • Online Application
  • English language proficiency test proof
  • GMAT/GRE test proof
  • Work Experience
  • All Official Transcripts
  • Video Essay
  • Application fee payment proof ( 155 USD- 275 USD)
  • Visa Status Poorf
  • Two-three letters of recommendations
  • Statement of Purpose

Cost Of Studying MS In Finance In USA

The most important factor that international students need to keep in mind when considering to study Masters in finance in USA is the cost. There are two sectors that will impact your fund arrangements for this course:

  • Tuition Fees
  • Cost of Living

Let’s learn about each of them below:

Suggested: What is the total cost of studying in USA?

Tuition Fees

The tuition fees to study MS in finance in USA ranges from 30,138 USD- 86,300 USD a year.

Cost of Living

Living expenses also contributes when you arrange for your funds. On average, international students require 10,000 USD-20,000 USD a year to live in USA. Most of these expenses are accommodation rent, type of area you choose to live in, nightlife expenses, food, groceries, lifestyle choices, etc.

Suggested: Comprehensive guide on living expenses in USA

Scholarship Opportunities For Masters In Finance In USA

Catering to the MS in finance in USA fees don’t have to be a burden anymore for international students. Today pursuing studies abroad has been made easy with scholarship opportunities. Luckily students like you who wish to pursue MS in finance in USA can now avail of the readymade scholarship opportunities listed.

Here is an overview of the top 5:

Scholarship Name

Amount/Covers/Benefits/Grant

Quad Fellowship

Sponsor Indian students who wish to study Masters or Doctorate program via stem courses in USA

 

50,000 USD

The Chengchun Arthur ‘Qi’ Book

Pursues studies in UC Berkeley Haas School of Business

 

1000 USD

Dean’s Scholarship Program

Pursue studies in Questrom School of Business

 

Will waive a portion of the tuition fees

Global Study Awards

Should be enrolled in a PG program in USA and score well in IELTS exam

 

Offers 50% loan and 50% grant and covers tuition fees, living and travel expenses

Inlaks Shivdasani Foundation

Pursue full-time Masters program in USA

 

Up to 100,000 USD

Suggested: List of scholarships especially for Indian students to study in USA

Career Opportunities After Pursuing Best MS Finance Programs In USA

BLS revealed that close to 64,200 job openings are subjected to be present every year for financial managers. Pursuing a career after studying in the top universities in USA for MS in France can open multiple good salary opportunities since the country is home to reputed financial brands such as FedEx, Northern Trust, etc.

Here is an overview of the expected job profiles after investing in MS in finance in USA fees:

Job Profile

Average Annual Salary

Senior Financial Analyst

83,682 USD

Finance Manager

109,628 USD

Financial Controller

91,190 USD

Portfolio Manager

94,601 USD

Accounting Manager

85,072 USD

Wrapping Up….

Most of the USA’s economic contribution is driven by the financial sectors. The country is home to the best financial brands in the world making it a golden opportunity for international students to pursue the best MS finance programs in USA. If you still have more questions related to MS in finance in USA, our Yocket counsellors are here to help.

Frequently Asked Questions About MS In Finance In USA

Ques: Is pursuing Masters in finance in USA worth it?

Ans: Yes, studying MS in finance in USA for Indian students especially proves to be a good educational investment due to the valuable learning experience and career opportunities students receive in return.

Ques: Is studying MS in finance in USA universities have a good career there?

Ans: Yes, students who meet the MS finance in USA eligibility criteria stand a chance to find high-demand jobs once they complete their graduation.

Ques: What are the high-demand jobs after Masters in finance in USA?

Ans: Portfolio Manager, Financial Manager, Finance Analyst, etc are all popular high-demanded jobs in the finance sector.

Ques: Which country is best for finance jobs?

Ans: USA proves to be the top choice when considering studying finance globally. They offer a good salary package which can in turn increase based on the experience and perks a student can offer a brand.

Ques: What is the course curriculum for the top masters in finance programs in USA?

Ans: The course curriculum for MS in finance in USA covers multiple subjects such as financial management, financial accounting, investment theory and practice, risk management, etc.

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