Masters Of Finance in USA: Top Universities, Eligibility And Course Details

Why Study A Masters Of Finance In the USA? 

Masters in finance in USA programmes typically last between 12 to 18 months and are a favoured choice among students seeking a swift and cost-effective pathway to enter the finance workforce. Unlike MBA programmes in the USA, MS in Finance programmes generally do not mandate prior work experience for admissions, instead emphasising financial planning and risk management skills.



  • Quality Education: The USA is renowned for its top-tier educational institutions and rigorous academic programmes. Pursuing a master’s degree in Finance in the USA allows you to access high-quality education, advanced curriculum, and research opportunities. Universities often organise networking events, guest lectures, and career fairs where you can interact with industry leaders and potentially secure internships or job opportunities.
  • Career Prospects: The USA has a robust and dynamic financial sector, offering a wide range of career opportunities for finance professionals. Major financial hubs like New York, Chicago, and San Francisco are home to prestigious financial institutions, investment banks, consulting firms, and multinational corporations. Studying in the USA can provide you with access to these job markets, increasing your chances of finding rewarding employment and career advancement.
  • Salary Package: The salary package after completing a Master’s in Finance in the US is attractive. The value increases with a better experience. For example, students who just graduated can expect 54,000 USD/year as financial analysts and 46,000 USD/year as accountants.


List Of Universities In USA For MS In Finance

The duration of  Masters of Finance in the USA varies between 12 to 24 months, depending on the university and the choice of part-time or full-time enrollment. Admissions typically commence in most universities during the December and January period.


University Programmes Offered Tuition Fee (USD)
Georgetown University Masters in Finance 86,522
Boston University Masters in Financial Management 38,500
University of Southern California Masters in Finance 76,932
Georgia Institute of Technology MS in Quantitative and Computational Finance 57,969
University of Illinois Urbana Champaign Masters in Financial Engineering 64,005
University of Texas at Austin Masters in Finance 53,000
University of California Los Angeles Masters in Financial Engineering 85,276
University of California Berkeley Masters of Finance 80,486
Columbia University Masters in Financial Economics 66,584
Massachusetts Institute of Technology (MIT) Master of Finance 86,300


Eligibility Criteria To Study Masters Of Finance In USA

In contrast to many other countries, the United States offers a STEM designation for its MS in Finance programme. This allows students from various countries, including Canada, Australia, America, Hong Kong, India, and the UK, to obtain an F-1 visa that grants a 24-month OPT (Optional Practice Training) extension in addition to the regular 12-month OPT tenure.



The eligibility requirements for pursuing a Master of Finance in the USA are given in the table below:

Requirement Description
Bachelor’s degree Must possess a bachelor’s degree in a relevant field of study from an eligible university
Minimum requirement: 80% marks or above
GRE or GMAT score Required score: Generally considered favourable at 650 or higher
English proficiency Non-native English-speaking students must demonstrate English proficiency
IELTS score The minimum score typically considered advantageous: is 6.5 or higher
TOEFL score The minimum score typically considered advantageous: is 90 or higher


Test Scores To Be Aware Of


Name of the university G.P.A. TOEFL GRE
The University Of California Berkeley 3.89 80 320
University of Southern California (USC) Marshall School Of Business 3.89 90 160
MIT Sloan School Of Management 3.62 90 Quant – 158 – 169
Verbal – 157 – 168
UCLA Anderson School Of Management 3.5 100 320
The University Of Texas At Austin 3.83 79 Quant – 159
Verbal – 160



Cost Of Studying This Course


The Master of Finance in the USA is a costly undertaking for international students. In addition to tuition fees, students are responsible for covering their living expenses in various cities across the country. It is crucial for international students to thoroughly examine the cost of studying in the USA before making a university selection.

The tuition fees for stem-designated MS finance in the USA vary between $19,037 and $77,168 per year. You can refer to the costs highlighted in the table below:


Particulars Cost (Monthly)
Off-Campus Accommodation $525
On-Campus Accommodation $871
Transportation $70
Food Cost $527
Utility Cost $180
Entertainment $48
Groceries $52
Clothes $102
Health Insurance $80
Total Cost of Living with Off-Campus Accommodation $1,504
Total Cost of Living with On-Campus Accommodation $1,850
Annual Cost of Living $18,048

Due to the high costs involved, many international students find it challenging to maintain their livelihood in the USA. When pursuing a Master of Finance in the USA, students have the option to reside either on or off-campus. The cost of living in the USA largely depends on factors such as the type of student housing chosen and the city of residence.


Scholarships For MS In Finance In the USA

The high tuition fees necessitate the majority of international students to seek financial assistance in order to complete their degrees successfully. Here are the available scholarships for master of finance in the USA:


Name of the scholarship University  Funding Amount
The Changchun “Arthur” Qi Book Scholarship The University Of California Berkeley $1,000
Merit-based Scholarships University of Southern California (USC) Marshall School Of Business Partial tuition fees
Inlaks Shivdasani Foundation Scholarship UCLA Anderson School Of Management $100,000
OGE Administered Fellowships MIT Sloan School Of Management Partial tuition fees


Job Prospects After This Course

Graduates with a Master of Finance in the USA have the opportunity to secure highly rewarding positions in the global financial sector. In today’s thriving financial landscape, these finance graduates possess the knowledge and expertise to advise organisations on forthcoming economic risks and propose strategies to enhance their value.


Name of the university Average Salary
MIT Sloan School of Management $150,000
UC Berkeley Haas School of Business $171,000
UCLA Anderson School of Management $96,428
USC Marshall School of Business $127,495


Job Profile Average Annual Salary
Accounting Manager 85,072 USD
Senior Financial Analyst 83,682 USD
Finance Manager 109,628 USD
Financial Controller 91,190 USD
Portfolio Manager 94,601 USD


MBA Vs Masters In Finance: What Is The Difference


As noted earlier, determining the most suitable degree hinges on your career objectives and your desired outcomes from your educational journey. Here’s a brief overview of Masters in Finance Vs MBA to contemplate prior to finalising your choice:


For MBA:

  • Offers greater Return on Investment (ROI)
  • Requires substantial work experience
  • Might necessitate the GMAT/GRE examination
  • Encompasses a broader spectrum of business subjects


For Master’s:

  • Requires less work experience
  • Demands higher academic qualifications for esteemed institutions
  • GMAT/GRE scores hold less significance
  • Provides a more specialised curriculum



In conclusion, pursuing a Masters of Finance in the USA offers a promising pathway for international students to delve into the dynamic world of finance and secure lucrative career opportunities. With a range of programme durations and abundant options available, aspiring finance professionals can acquire the necessary knowledge and skills to excel in their chosen fields. Whether it’s financial planning, investment management, or corporate finance, the Masters of Finance programmes in the USA provide a solid foundation for success in the ever-evolving financial landscape.




1. Is it worth pursuing a Master of Finance in the USA?


Obtaining a Master of Finance in the USA will unlock numerous prospects for you within the finance industry. You will have the option to pursue careers as an investment banker, financial analyst, or even an actuary.


2. Do universities in the USA require scores of GRE or GMAT for admissions to MS in Finance?


In the majority of instances, top USA business schools require a mandatory GRE or GMAT score. An IELTS or TOEFL score is also necessary for international students applying to their MS in Finance programmes.


3. What are Masters in Finance subjects in the USA?


The objective of the programme is to enable graduates with the skills necessary to oversee diverse finance areas, including corporate finance, financial institutions, investment banking, risk management, capital markets, financial modelling, behavioural finance, econometrics, investment management, and other related domains.


4. What are the tuition fees for an MS in Finance in the USA?


The annual tuition fees for a Master in Finance in the USA vary from $19,000 to $80,000, providing a wide range of options for students seeking financial planning education at different price points.


5. How long is MS in Finance in the USA?


Masters in Finance programmes in the USA typically span a duration of 1-2 years, making them highly sought after by international students aspiring to launch their careers in the finance industry.