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.
Table of Contents
- Why Study MS in Finance in USA?
- Best Colleges for MS in Finance in USA
- Cost of Studying MS in Finance in USA
- Tuition Fees
- Cost of Living in USA
- MS in Finance in USA: Eligibility Criteria
- MS in Finance in USA: Requirements
- Scholarships to Study MS in Finance in USA
- How to Apply for MS in Finance in USA?
- Jobs after MS in Finance in USA
- FAQ
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.
Quick Read: Universities in USA for Finance
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.
Quick Read: TOP Universities in USA
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 |
FAQ
Is MS in Finance in the USA worth it?
Yes, MS in Finance is worth pursuing in the USA, especially because it helps you have a promising career.
How much does a Master's in Finance cost in the USA?
A Master's program in Finance costs from USD 19,000 to USD 80,000 per annum.
Is GMAT required for Master's in Finance?
No, it is not compulsory to have a GMAT to pursue Finance.
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.