MS in Finance in USA for Indian Students

After completing a bachelor's in finance in college, many students think, then what? In that case, their best option is to pursue an MS in Finance in the United States of America. Finance is a booming sector there. Thus, if you learn an MS in Finance degree from the USA, you will have many employment opportunities to grow and develop internationally, excited? Then this blog is for you. Here we will discuss all you need to know about MS in Finance in the USA. So read on and get informed.

Why Study MS in Finance in USA?

Pursuing MS in Finance in the USA has many benefits. First of all, it is a cost-effective and fast study option if you wish to become a professional in finance. Furthermore, it does not require any work experience. So if you have an excellent academic record, getting enrollment in one of America's universities is much easier.

Best Colleges for MS in Finance in USA

  • Massachusetts Institute of Technology. (MIT)
  • The University of California Berkeley. (UC Berkeley)
  • The University of California Los Angeles. (UCLA)
  • Columbia University.
  • The University of Southern California. (USC)
  • The University of Texas at Austin.
  • The University of Illinois Urbana Champaign.
  • Georgia Institute of Technology. (Georgia Tech)
  • Georgetown University.
  • Boston University. 

Cost of Studying MS in Finance in USA 

The cost of studying MS in Finance in the United States of America varies from college to college. However, if we talk about top universities, it falls around 10000 to 80000 USD. You can also get scholarships if you are an eligible brilliant student. These scholarships help you compensate for the fees.

Tuition Fees

Name of the University

Program

Application Fees (Approx.)

Tuition Fees (in USD) (Annual) (Approx.)

Massachusetts Institute of Technology (MIT)

Master of Finance

150

77168

The University of California Berkeley (UC Berkeley)

Master of Financial Engineering

275

72920

The University of California Los Angeles (UCLA)

Master of Financial Engineering

200

31949

Columbia University

Master of Science in Financial Economics

75

70000

The University of Southern California (USC)

Master of Science in Finance

155

27660

The University of Texas at Austin

Master of Science in Finance

88

38326

The University of Illinois Urbana Champaign

Master of Science in Finance

90

54646

Georgia Institute of Technology (Georgia Tech)

Master of Science in Quantitative and Computational Finance 

83

19037

Georgetown University

Master of Science in Finance

175

41972

Boston University

Master of Science in Finance

98

56412

Cost of Living in USA

You will need to compensate for various costs of living in the USA. These include books & supplies, food, apartment housing with facilities, dormitory housing, meal plan for dorm residents, and miscellaneous costs, which average up to 7671.16 USD. However, if you are a brilliant student, you can also get scholarships, which help you pay for these costs.

MS in Finance in USA: Eligibility Criteria

  • You need to hold a UG qualification in a relevant sector from a deemed university.
  • You need to have an excellent academic record. It is so that your chances of selection increase since different universities providing MS in Finance in America have varying GPA criteria.
  • You need to submit GRE or GMAT scores.
  • Finally, you need to submit evidence that you are proficient in English. You can do this by submitting any relevant English test scorecard such as IELTS or TOEFL. 

MS in Finance in USA: Requirements

  •  You need to have filled in the online admission application form at the university website.
  • You need to have academic transcripts from your previous education provider.
  • You must submit 2 to 3 Letters of Recommendation.
  • You must also submit your CV or resume.
  • You need to report in your Statement of Purpose. It is a written application that states why you want to apply to a particular university, your interests, etc. It represents who you are. A Statement of Purpose is similar to a job application.
  • Some universities may also ask you for a video essay or question.
  • You must have your application fee receipt after paying the fees.
  • You need scores of eligible standard tests for the degree. These include GRE or GMAT with relevant English proficiency tests.  

Scholarships to Study MS in Finance in USA

Name of the University

Scholarship

Eligibility

Scholarship Amount in USD (Approx.)

MIT Sloan School of Management

OGE Administered Fellowships

Resume, department letter of nomination, and an academic transcript

Partial waiver of tuition fees

UC Berkeley Haas School of Business

The Chengchun “Arthur” Qi Book Scholarship

Required personal statements

1000

UCLA Anderson School of Management

Inlaks Shivdasani Foundation Scholarship

Age under 30, hold a first class degree from India (international students need to stay in India for at least 2 years before applying), you must not have a PG degree, and fulfilled all requirements of the selected degree

Up to 100000

USC Marshall School of Business

Merit-Based Scholarship

At least 75% in 12th 

Partial tuition fees

Gies College of Business

Golden Scholarships

Free application for federal student aid (continuing students), and application of admission (new students

Partial tuition expense

Columbia Business School

Federal Work-Study Program

FAFSA application, indicate yes, when asked if funds are needed, authorization to work in America, enrollment in a degree, maintain satisfactory academic progress, not owe a refund on a federal grant, and not be a full-time employee 

Varies

Scheller College of Business

Graduate Assistantships

Exceptional academic and professional achievements in application

Monthly salary in exchange of 14 hours per week work commitment

McDonough School of Business

Merit-Based Scholarships

At least 75% in 12th

Varies

Questrom School of Business 

Dean’s Scholarship Program

Outstanding personal, academic, and professional achievements or qualities 

Portion of tuition fees waiving off

How to Apply for MS in Finance in USA?

Applying for MS in Finance in the USA is easy once you know the steps involved. 

Here they are for your reference.

Step 1: You need to prepare to apply first before applying. Here is what you should know.

  • You will get a direct apply option at most of the universities.
  • Carefully read the admission requirements.
  • We recommend applying to at least 3-4 universities before to increase your selection chances.
  • The university application fees vary between universities, but it is between 75-100 USD for a general idea.

Step 2: Apply to the selected Universities.

Step 3: You will receive a university acceptance letter. If you get more than one, you can choose which university to enrol in. If your application is rejected, you can plead with the university or try again next year. Moreover, here is what you should do to wrap it up.

  • Apply for the F-1 Student Visa with your acceptance letter.
  • Next, you can apply for eligible scholarships and funding.
  • You should finally check if you need to pay an enrollment fee to secure your spot. Some universities require that, so do not skip this step. It only takes a few minutes.
  • Throw a party. A university has selected you in America.

Step 4: Congratulations and all the best for your studies in the United States of America.

Jobs after MS in Finance in USA

You get various job opportunities after completing MS in finance from America. This international career gives you a golden chance to grow and develop, getting paid handsomely. Below we have provided some of the most popular jobs with the salaries you can get paid for your reference.

Job Profile

Salary (in INR) (Approx.) (Annual)

Financial Analyst

6225043

Personal Financial Adviser

6892773

Securities, Commodities, and Financial Services Sales Agents 

5124849

Actuary

7660244

Financial Manager

9269800

The MS in Finance in America gives you ample opportunities to grow and develop internationally in the finance sector. We, as AECC Global, can help you select the best university for the same with expert assistance. Contact us today.

AECC Global is one of the world's leading educational consultancies with versatile expert professionals who are ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey of achieving your dream.


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