Masters in Finance in USA: Top Colleges, Fees, Funding, Jobs, Scholarships

MS in Finance or Masters in Finance in USA is a 1-2 year program.  widely popular among international students who want to start their career in the field of finance. The program is meant to prepare graduates for handling corporate finance, investment banking, financial institutions, risk management, financial modeling, capital markets, behavioral finance, econometrics, investment management, etc. 

According to QS Top Universities, there are 66 universities in USA offering a Masters (MS) in Finance. Some of the top universities like MIT, Columbia University, University of California Berkley are ranked at positions like #1, #22, #44 respectively. Tuition fee for MS in Finance in USA for an international student ranges from 17 lakhs to 64 lakhs. 

The financial operations occupation is accepted to grow 8% from the year 2020 to 2030, adding 750,800 new jobs. According to the US Bureau of Labor Statistics, the median annual salary for MS in finance graduates is 72,250 USD. This is higher than the median annual wage for other occupations of 41,950 USD. 

Top Ranking Universities for Masters in Finance in USA

Due to its innovative academic structure, USA is a land of opportunities for international students. The students can actually opt for different faculties in finance as per preferences. Few of the world’s renowned universities are located in the USA. The top-ranking universities for MS in Finance in USA are given below

Why study Masters in Finance in USA?

• Usually taking about 12-18 months, Masters (MS) in Finance is popular among students who are looking for a cost-effective and quicker option to enter the workforce as a finance professional.
• Unlike MBA in USA, MS in Finance do not usually require work experience for admissions and focuses majorly on financial planning and risk management.
• The market size for the Financial Planning & Advice industry will turn into 57.8 billion USD.
• The finance sector of the USA expects to make an increase of 1.4%. 

Masters in Finance in USA- Admission Process

International students prefer USA as the ultimate study abroad destination for its academic excellence. The diversity in the land allows the students to interact with culturally diversified entities. The applicants must know the trivial things required for the admission process in MS in Finance in the USA. The admission process in USA requires a number of documents. The section below provides details on Masters in Finance admissions.

Eligibility for Masters in Finance in USA

To be eligible for MS in Finance in USA, an applicant is required to have a bachelors degree in a relevant field of study from a recognized university with 80% and above marks, provide scores of GRE or GMAT and submit proof of English language proficiency through IELTS, TOEFL or equivalent exam

Mentioned below are the Eligibility for MS in Finance in USA according to different universities: 

Masters in Finance in USA Documents Required

The required documents while applying for MS in Finance in USA admissions are:

• Completed online admission application form
• Evaluated academic transcripts from all educational institutions attended
• 2-3 Letters of Recommendation  
• Resume
• Writing Sample or Statement of Purpose
• Some universities might also ask for a video essay or question
• Scores of standardized tests to study in USA
  • English proficiency test scores
  • GMAT or GRE scores
• Payment of non-refundable admission application fee

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Visa to Study in USA: Document Required and Process

International students are required to apply for a visa to study in USA. Upon receiving the I-20 form, required for visa application, from the university, students can complete their applications online. The F-1 Student Visa is usually offered to non-immigrants who are willing to pursue higher studies or research in the US. Also, student must the I-20 form from the enrolled university. The admitted students are not permitted to take up full-time employment, but they can work part-time jobs while studying in USA. Only 20 hours per week is permissible for working on-campus.

Also Check: Reasons for USA Visa Rejection!

Masters in Finance in USA: Cost of Attendance

MS in Finance in the USA is an expensive course program for international students. Other than tuition fees, the students have to bear the living expenses in the cities of the USA. International students must take a detailed tour of the cost of study in USA before making a decision on choosing the right university.

Tuition Fee for Masters in Finance in USA

The annual tuition fee for Masters in Finance in USA ranges from 19,037 USD to 77,168 USD. The chart below depicts the annual tuition fee for MS in Finance at top colleges in USA:

Cost of Living in USA

For most international students it is quite difficult to sustain their livelihood in USA because of high costs. Students can opt to stay either inside or outside the campus premises while pursuing Masters of Finance in USA. The cost of living in USA majorly depends on the type of student housing in USA chosen, city of residence, etc. The estimated living expenses include:

Once these documents have been submitted, the applicant will be invited for an interview process at the USA Embassy in their home country. Visa will be issued only if the applicant has cleared their interview.

Scholarships for Masters in Finance in USA

Due to huge tuition fees, most international students avail of financial aid for easy completion of their degree. The scholarships in USA for international students are as follows:

Education loans are another way of financing studies in the USA. Students can contact banks or private lenders for an education loan. 

For more international scholarships to study in USA, Click Here. 

Job Prospects after Masters in Finance in USA

The graduates of Masters (MS) in Finance in the USA can land up with lucrative job roles in the global financial sector. In this booming financial world, the finance graduates are the ones who can suggest the organization about the upcoming economic risks or the strategies to make it worthy. Job opportunities in the USA for international students are higher for its booming economic status. The finance graduates pave their paths in these global economic markets with analytical skills. The job profiles of the students recruited from the university along with its salary are given below

Apart from these on-campus placements, the students can also update their resumes on online job portals like LinkedIn, Indeed, Splashfind, CareerBuilder.com, ZipRecruiter and many more. These job search engines will help the graduates to find out the best available job profiles in the finance sector.

There are a number of companies that hire master's in finance graduates for full-time positions and internships. A few of the top recruiters in USA of finance graduates with the minimum and maximum average salary packages have been depicted in the table below. 

Is it better to do Masters in Finance in USA or UK?

The following table depicts the basic differences between Masters in Finance in USA and Masters in Finance in UK:

With a projected growth of 7% from 2018-2028, Masters in Finance in USA is an exceptional program for anyone who wants to have a career in finance. It is a meticulous program focusing both on practical and theoretical knowledge in finance. Interested students can explore their options with a Masters in Finance with equally incredible returns. 

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