MS in Finance in US 2023

Gunjan thakurApril 15, 2023

For many years now, the USA has ranked well among the best countries for overseas students to study. Many US universities include master’s degree programmes in their curriculum. The MFin colleges in USA help you get ready for the difficult journey ahead and provide a wealth of chances for landing well-paying employment or building a great professional career. In contrast to earning an MBA, candidates for the MS in Finance do not need to have previous work experience, making it one of the most popular master’s degree programmes for finance students in the US.

An MS in Finance or Masters in Finance programme takes one to two years to complete in the USA.  It is very common for international students who want to start a career in finance. The programme’s graduates ought to be qualified to manage capital markets, investment management, risk management, behavioural finance, econometrics, and other facets of corporate finance and financial institutions. 

There are 66 MFin colleges in USA, according to QS Top colleges.In their respective categories, some of the top universities, such as MIT, Columbia University, and University of California, Berkeley, are ranked as high as #1, #22, and #44 respectively. In order to pursue an MS in Finance in the United States, international students must spend tuition ranging from 17 lakhs to 64 lakhs. 

Top MFin Colleges in USA

MIT Sloan

The Massachusetts Institute of Technology (MIT) Sloan School of Management, which is ranked fourth in the QS Masters in Finance Rankings, is praised for its Master of Finance degree and receives a high score for the “thought leadership” indicator, highlighting its noteworthy academic standing and history of revolutionary ideas in management and finance, such as Theory X and Theory Y and the Solow-Swan model. Mens et manus (thought and hand), Sloan’s motto, highlights the importance of discovering real-world answers to challenges. It is one of the top MFin colleges in USA.

UCLA Anderson School of Management

The Master of Financial Engineering (MFE) degree offered by the Anderson School of Management at the University of California, Los Angeles (UCLA) is ranked fifth in the list of master’s in finance programmes. Students pursuing the MFE can apply what they have learned through a hands-on Applied Finance Project (AFP), a summer internship, and lectures from well-known guest lecturers. UCLA is second on our list of MFin colleges in USA.

UC Berkeley Haas School of Business

The Master in Financial Engineering (MFE) programme at the University of California, Berkeley’s Haas School of Business is ranked eighth overall, with flawless scores for “value for money” and “thought leadership indicators.” During the course’s 10-week internship, students are placed with businesses including Barclays, Morgan Stanley, the Bank of America, and Uber.Haas alumni have a good employment rate and begin with an average salary of $155,514.

USC Marshall School of Business

The University of Southern California’s Marshall School of Business is rated very highly in the field of alumni outcomes and is placed 29th overall. For its MSc in Finance degree, a range of elective courses on topics including real estate and mergers and acquisitions are provided. Anyone without a business degree is eligible to apply, and there is no minimum requirement for work experience.

Texas McCombs School of Business

In our ranking of the best colleges in the US to study a master’s degree in finance, the University of Texas at Austin’s McCombs School of Business is just one position behind the Marshall School of Business in 30th place, receiving another commendable score for its alumni outcomes.. Students can get a quick introduction to finance theory along with excel modelling and a variety of other quantitative abilities through its Master of Science in Finance programme. Excellent interaction between students and professors is made possible by the small class size of 50 people.

Warrington College of Business

The Warrington College of Business at the University of Florida is ranked 31st for its Master of Science in Finance programme and obtains great marks for value for money and alumni outcomes. The Finance Professional Speaker Series, which invites finance professionals to share their area of expertise, is one of the programme’s key features.In addition to providing insight into specific industries, speakers often highlight important trends in the many areas and industries in which they operate, demonstrate how experts handle certain challenges, and cover career prospects.

Boston Questrom School of Business

In second place for its 17-month Master of Science in Mathematical Finance (MSMF) programme is Boston University’s Questrom School of Business, which is placed 33rd overall. Students can specialise in Asset Management, Quantitative Analytics, or Risk Management while completing this program, and they will gain invaluable insight into the intricate connections between the various parts of the contemporary financial system. The average pay for the Class of 2016 was $84,000, which led to the school receiving a very high rating for its “alumni outcomes.”

Eligibility Criteria for MFin Colleges in USA

America, in contrast to most other nations, provides an MS in Finance as part of its STEM programme. This entails that applicants from all over the world, including Canada, Australia, the United States, Hong Kong, India, and the United Kingdom, may be granted an F-1 visa with a 24-month OPT (Optional Practice Training) extension in addition to the standard 12-month OPT period.

The following criteria must be met in order to be eligible to enrol in an MFin colleges in USA:

• The applicant must hold a bachelor’s degree with at least 80% in a relevant subject of study from an acceptable university.
• They must have the necessary GRE or GMAT score. 
• Students who are not native English speakers must have the requisite IELTS or TOEFL score to demonstrate their English competence. 

Documents Checklist

• A completed admission application form
• Resume/CV
• Up to 3 LORs (Letters of Recommendation)
• Evaluated answer transcripts from previous educational institutes attended
• Statement of Purpose/Writing Sample
• Proof of IELTS or TOEFL score
• Proof of GMAT or GRE score
• A video containing an essay or an answer to a question asked

Scholarships for MFin Colleges in USA

Here are the scholarships that most colleges give to enable talented students acquire financial aid to lessen their burden because pursuing a master’s degree in finance in the US can be beyond the typical means of a middle-class family in most nations. Below are some o the scholarships available for MFin colleges in USA:

• Golden Scholarships
• McDonough School of Business Scholarship
• Fulbright-Nehru Master’s Fellowships
• Dean’s Scholarship Program from Questrom School of Business
• Fully-funded Rotary Peace Fellowships

Job Prospects after MFin in USA

One of the most desired careers is finance since it allows the individual to obtain both respect from society and a respectable financial package. A graduate of one of the top MFin colleges in USA with a master’s degree in finance may apply for the following positions globally:

• Financial analyst
• Accountant
• Financial manager
• Financial Advisor
• Investment management specialist
• Actuary
• Real estate valuer
• Chief Financial Officer
• Finance Specialist in capital markets
• Corporate finance specialist
• Certified Financial Planner (CFP)

Given that all of the top employers are looking for finance specialists with an MS in Finance from one of the best US universities, having this degree will make it simple for you to land a high-paying position anywhere in the world. Most overseas students have trouble applying for appropriate courses because of the complicated application process and the lack of confidence around selection. but not anymore.