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

BLS predicts a 17% growth in financial manager jobs from 2020-2030. USA has the world’s top financial markets. The country has Nasdaq and other top stock exchanges. Thus, US postgraduate finance courses are a solid investment.

International students can profit from studying in the best universities for MS finance in the United States, where they can expand their knowledge and build skills with the help of the popular MS in finance in the United States curriculum. So, if you’re thinking of studying at the best universities for MS in finance in the United States, this site will give you all the information you need to get started.

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 seeks to assist F1 visa students with extending their stay in the United States in order to practice their skills and information regarding the course. Also, the MS in finance salary package in the United States is attractive, especially after completing this program.
• Ranked Universities – International students will have the opportunity to study at the leading MS in finance universities in the United States. Universities such as MIT (ranked 1) and others provide important education and assist in the development of abilities that allow finance graduates to face the online world challenges that come with this field from the start.
• Salary Package – The MS in finance wage package in the United States is good. It improves when a student progresses through their career path. According to Payscale, recent graduates may expect to earn 54,000 USD per year as financial analysts, 46,000 USD per year as accountants, and so on.

5 Top Universities In USA For MS In Finance

International students can choose from a variety of excellent universities for MS finance in the United States. These universities provide this course with the best teaching style, course structure, experienced teachers, and so on. When it comes to selecting the best from this list, we have five top universities in the United States 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

1. The University of Texas at Austin

The University of Texas at Austin’s McCombs School of Business offers a Masters in Finance program. The university is ranked first for a good finance course pre-experience. It is also ranked sixth in terms of the finest 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)

2. University of California, Los Angeles (UCLA)

UCLA’s Anderson School of Management offers a Masters in Finance program. It is ranked third in the United States. The student-teacher faculty ratio is 4:1. They give kids projects in which they address difficulties for a brand with the help of their tutors.

• Type: Public
• QS World University Rankings 2023: 44
• QS Business Masters Ranking: Finance 2022: 8
• Course Offered: Master of Financial Engineering
• Average Tuition Fees: 81, 216 USD/year
• Location: Los Angeles (CA)

3. University of California, Berkeley

At the Berkeley Haas School of Business, UCB offers its Masters in Finance course. This program alone enrolled 85 students in 2022. In the same year, 99% of students were offered full-time positions 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)

4. 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

5. 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 choose stem-designated MS finance in the US for its core subjects. Most MS in finance in USA stem programs last 16 months or 1-2 years, depending on the university.

USA stem-designated MS finance programs are full-time, part-time, and online. These specialized programs offer the same MS in Finance.

A 24-month extension for F1 visa students to perform optical practical training is another factor for the demand for Stem degrees in the US. This will help them advance their career by working with industry leaders.

USC Marshall, University of Houston, University of Michigan Dearborn, etc. provide stem finance programs.

Eligibility Criteria For MS in Finance in USA

There are a number of eligibility criteria that must be completed in order to be accepted into the list of universities in the United States for an MS in finance. While these criteria vary from university to university, there is a uniform method that is followed by all.

The whole process is as follows:

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

A excellent GMAT/GRE score also influences your application process. While some universities inquire about these exams, a few, such as the University of Florida and the University of Texas, accept applicants for MS in finance in the United States without GRE or GMAT scores. Most of these universities that do not take GRE also offer 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 Proof
• 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:

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

When planning your finances, consider your living expenses as well. International students need between $10,000 and $20,000 USD per year to live in the United States. The majority of these expenses are for rent, the type of region you choose to live in, nightlife spending, food, groceries, lifestyle choices, and so on.

Scholarship Opportunities For Masters In Finance In USA

Fees for MS in finance in the United States do not have to be a financial burden for international students any longer. Scholarship opportunities have made it easier to pursue courses abroad. Students like you who want to pursue an MS in finance in the United States can now take advantage of the numerous scholarship alternatives offered.

Here is an overview of the top 5:

Scholarship Name and 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

Career Opportunities After Pursuing Best MS Finance Programs In USA

According to the BLS, there are around 64,200 job vacancies for financial managers each year. Because the country is home to reputable financial brands such as FedEx, Northern Trust, and others, pursuing a job after studying at top universities in the United States for MS in France might offer up numerous decent pay opportunities.

Here is a summary of the projected job profiles after investing in MS in finance in the United States:

Job Profile and 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

FAQS

• Is pursuing Masters in finance in USA worth it?

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.

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

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

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

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

• Which country is best for finance jobs?

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.

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

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.