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.
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.
- 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.
- 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.
- 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.
- 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.
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 |
|
58 |
|
|
QS Business Masters Ranking: Finance 2024 |
121-130 |
|
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 |
|
29 |
|
|
QS Business Masters Ranking: Finance 2024 |
131-140 |
|
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 |
|
10 |
|
|
QS Business Masters Ranking: Finance 2024 |
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 |
|
1 |
|
|
QS Business Masters Ranking: Finance 2024 |
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 |
|
168 |
|
|
QS Business Masters Ranking: Finance 2024 |
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.
5 differences between MS Finance & MS Financial Engineering
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:
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.
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 |
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.
