MS in Finance in USA: Career Opportunities for Indian Students
Are you a finance student looking to take your career to the next level? An MS in Finance in USA offers exciting job opportunities. With the best specialisation courses and strong connections to the financial industry, studying in the USA prepares you for roles in areas like investment banking, risk management, etc.
This guide covers everything you need to know about an MS in Finance in USA, from the best universities and eligibility requirements to professional certifications and job opportunities.
MS in Finance in USA: Highlights
Here are some details candidates must know before considering an MS in finance in USA:
| Parameters |
Details |
| Course Duration |
12 months |
| Total number of universities for MS in Finance in USA |
352 |
| Average Course Fee |
USD 20,000 - USD 80,000 |
| Average Salary |
92,261 USD |
| Eligibility |
Undergraduate degree with a minimum GPA of 3.0 and an IELTS score of 6.5 or above. |
| Admission Exam |
GRE, GMAT |
| Specialisation |
Investment Banker
Portfolio Manager
Private Equity Associate
Research Analyst
Venture Capital Associate
The Credit Analyst
Chartered Financial Analyst
Financial Risk Manager
Certified Public Accountant
|
| Career Opportunities |
Financial manager
Financial Advisor
Investment management specialist
Actuary
Real estate valuer
Chief Financial Officer
Finance Specialist in capital markets
Corporate finance specialist
Certified Financial Planner (CFP)
|
| Top Recruiters |
Goldman Sachs
Deloitte
JP Morgan
Abbvie. Inc
Silicon Valley bank
Citigroup Inc.
Ernst & Young
|
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What is an MS in Finance?
The full form of MS in Finance is a Master of Science in Finance. A Master of Science in Finance (MSF) is a graduate-level degree that equips students with the theoretical and practical knowledge required to become finance professionals.
Masters in Finance in the USA typically cover the following areas:
- Quantitative skills for financial analysis
- Technological skills for evaluating financial data
- Financial decision-making and valuation
- Risk management and portfolio selection and analysis
Why Study MS in Finance in USA?
Here are some compelling reasons to consider this path:
Duration and Affordable:
The MS in Finance program in the USA takes 12 to 18 months, making it a quicker and more cost-effective way to start working than an MBA.
No Work Experience Required:
MS in Finance does not require any work experience. You can apply right after your undergraduate degree.
Growing Financial Market:
The U.S. financial advisory market is expected to grow by 9.12% from 2023 to 2027, creating many opportunities for finance graduates.
Increasing Job Opportunities:
Job listings in the U.S. financial sector have increased by 4.4%, with over 209,000 active listings showing strong demand for finance experts.
Good Salaries:
Graduates with an MS in Finance can earn an average salary of about $80,000 per year.
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Top 50 Universities in USA for MS in Finance
Below is a list of top universities that offer this program, along with details on tuition fees and living expenses:
| University Name |
Location |
Yearly Course Fee |
Living |
| Georgetown University |
Washington |
INR 50.37 lakhs |
INR 16.61 lakhs |
| University of California, Berkeley |
Berkeley |
INR 10.73 lakhs |
INR 15.14 lakhs |
| University of Notre Dame |
Notre Dame |
INR 51.36 lakhs |
INR 12.52 lakhs |
| University of Southern California (USC) Marshall School of Business |
Los Angeles |
INR 18.77 lakhs |
INR 16.76 lakhs |
| University of Texas, Austin |
Austin |
INR 20.62 lakhs |
INR 10.33 lakhs |
| Boston University |
Boston |
INR 54.81 lakhs |
INR 15.99 lakhs |
| Georgia Institute of Technology |
Atlanta |
INR 34.77 lakhs |
INR 11.44 lakhs |
| University of Illinois, Urbana |
Urbana |
INR 32.32 lakhs |
INR 12.21 lakhs |
| Massachusetts Institute of Technology |
Cambridge |
INR 73.83 lakhs |
INR 17.05 lakhs |
| Harvard University |
Cambridge |
INR 55.53 lakhs |
INR 11.47 lakhs |
| Stanford University |
Stanford |
INR 62.03 lakhs |
INR 27.88 lakhs |
| University of California, Los Angeles |
Los Angeles |
INR 30.52 lakhs |
INR 15.65 lakhs |
| Cornell University |
Ithaca |
INR 67.2 lakhs |
INR 9.5 lakhs |
| University of Pennsylvania |
Philadelphia |
INR 71.33 lakhs |
INR 15.95 lakhs |
| University of Chicago |
Chicago |
INR 70.08 lakhs |
INR 24.39 lakhs |
| Princeton University |
Princeton |
INR 52.47 lakhs |
INR 15.67 lakhs |
| Yale University |
New Haven |
INR 71.39 lakhs |
INR 16.73 lakhs |
| Johns Hopkins University |
Baltimore |
INR 58.41 lakhs |
INR 16.94 lakhs |
| Columbia University |
New York City |
INR 61.77 lakhs |
INR 9.25 lakhs |
| University of Washington |
Seattle |
INR 35.51 lakhs |
INR 10.19 lakhs |
| University of Michigan |
Ann Arbor |
INR 89.6 lakhs |
INR 12.89 lakhs |
| Duke University |
Durham |
INR 57.89 lakhs |
INR 14.87 lakhs |
| New York University |
New York |
INR 45.84 lakhs |
INR 5.53 lakhs |
| Northwestern University |
Evanston |
INR 97.49 lakhs |
INR 13.49 lakhs |
| University of Wisconsin |
Madison |
INR 44.58 lakhs |
INR 13.33 lakhs |
| New Jersey Institute of Technology |
Newark |
INR 29.65 lakhs |
INR 13.83 lakhs |
| University of Oregon |
Eugene |
INR 37.61 lakhs |
INR 9.63 lakhs |
| Texas A&M University |
College Station |
INR 28.67 lakhs |
INR 7.07 lakhs |
| Florida International University |
Miami |
INR 15.05 lakhs |
INR 9.15 lakhs |
| Case Western Reserve University |
Cleveland |
INR 48.86 lakhs |
INR 5.49 lakhs |
| University of Utah |
Salt Lake City |
INR 31.95 lakhs |
INR 11.34 lakhs |
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MS in Finance in USA for Indian Students: Eligibility Criteria
Here are the eligibility criteria for considering MS in Finance in USA for Indian students:
| Eligibility Criteria |
Details |
| Academic Requirements |
Three to four-year undergraduate degree from a recognised institution. A minimum GPA of 3.0 on a 4.0 scale is typically required to be competitive. |
| Entrance Exam Score |
GRE or GMAT with a score of 650 or higher. |
| English Proficiency |
TOEFL: 70-100 (some universities may accept a minimum of 80-90)
IELTS: 6.5-9.0 (aim for a minimum of 6.5-7.0, with 7.5 or higher preferred for top universities)
Many universities accept Duolingo English Test (DET) scores.
|
| Additional Documents |
Statement of Purpose (SOP), Letters of Recommendation, Resume |
| Work Experience |
One to three years of relevant experience but not mandatory. |
No Collateral Required. Approval Based on Student Potential. Check Your Eligibility
MS in Finance in USA: Specialisation
Here are some specialisation courses that candidates can pursue after their MS in Finance, along with details about the colleges, fees, and duration for each course.
| Specialization |
College Name |
Yearly College Fee |
Course Duration |
| Finance |
University of Maryland |
INR 53,33,324 |
1 year |
| Aviation Finance |
Embry-Riddle Aeronautical University |
INR 19,43,364 |
1 year |
| Resource Commodity Analytics |
Colorado School of Mines Golden |
INR 36,00,939 |
6 months |
| Digital Financial Technologies |
Kennesaw State University |
INR 16,12,858 |
1 year 6 months |
| Quantitative Finance |
University of Nevada, Las Vegas |
INR 21,84,183 |
1 year |
| Accounting Finance |
University of Michigan-Dearborn |
INR 21,58,378 |
2 years |
| Finance Online |
Florida International University |
INR 30,76,433 |
1 year |
| Applied Finance |
Colorado State University |
INR 9,22,762 |
1 year |
| Online Taxation |
University of New Haven (Online) |
INR 13,30,179 |
2 years |
| Finance and Banking |
Swiss School of Business and Management |
INR 6,37,157 |
1 year |
| Business Administration |
University of New Haven |
INR 5,00,732 |
2 years |
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MS in Finance in USA: Application Process
To successfully apply for an MS in Finance program in the USA, follow these essential steps:
Choose the university
Find the institution that aligns with your academic goals and interests.
Check entry requirements
Connect with the experts to understand the admission criteria for your chosen universities.
Complete the application
Fill out the online application form and pay the required application fee.
Submit your documents
Attach all necessary documents and ensure you submit your application before the deadline.
Attend interviews
If required, be prepared to attend interviews during the admission process.
Prepare for acceptance
Once you receive an acceptance letter, arrange your funding and apply for an F-1 visa.
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
MS in Finance in USA: Subjects
Below are the main subjects covered in the MS in Finance program, helping students build a strong foundation in finance and its practical uses.
| Subject |
Details |
| Modern Finance |
Concepts of contemporary financial theories and models. |
| Financial Mathematics |
Mathematical methods used in financial analysis. |
| Financial Engineering |
Application of mathematical techniques to solve financial problems. |
| Corporate Financial Accounting |
Principles and practices of corporate accounting. |
| Finance Ethics & Regulation |
Ethical considerations and regulatory frameworks in finance. |
| Risk Management |
Identifying and managing financial risks. |
| Corporate Finance |
Financial decision-making within corporations. |
| Financial Markets |
Understanding the structure and function of financial markets. |
| Econometrics and Statistical Inference |
Using statistics to model and analyse financial data. |
| Big Data in Finance |
Application of big data techniques to financial analysis. |
Top Professional Finance Certification
Here are the top 10 professional finance certification courses:
| Masters in Finance Course |
Advantages |
Disadvantages |
| Investment Banker |
Teach new analysts in accounting, financial modelling valuation, M&A, and LBO analysis. |
Final exams are similar to assessments at the top firms and are difficult. |
| Portfolio Manager |
Teach the latest trends in the industry, like ESG and active and passive investing. |
Requires previous relevant experience in investment banking, etc. |
| Private Equity Associate |
Prepare for a career in private equity. |
Must have experience in investment banking to move into a PE role. |
| Research Analyst |
Teach research analyst training, accounting, research modelling, valuation markets, and investing. |
The final exam is similar to assessments at top firms. |
| Venture Capital Associate |
Teaches foundation skills, VC funds, accounting, VC deal-making, VC modelling, and VC valuation. |
Must have experience in the financial area or operating areas. |
| The Credit Analyst |
Credit analysis, cash flow analysis, and modelling, restructuring, accounting, and modelling. |
The final exam is similar to assessments at top firms. |
| Chartered Financial Analyst |
Extremely demanding and focused on financial theory. |
Lacks practical exercises, such as modelling. |
| Financial Risk Manager |
Can accelerate careers for risk professionals willing to put in the effort, gaining popularity across various functions in the investment industry. |
Not applicable to most roles. |
| Certified Public Accountant |
Highly regarded in accounting; serves as a significant differentiator at all levels of seniority and company sizes. |
Primarily focused on accounting with minimal emphasis on corporate finance. |
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Cost of Studying MS in Finance in USA
Here is the list of additional costs associated with studying for an MS in Finance in USA:
| Category |
Average Cost (USD) |
| On-Campus Accommodation |
USD 7,000 - USD 12,000 |
| Off-Campus Accommodation |
USD 6,000 - USD 24,000 |
| Food |
USD 3,600 - USD 6,000 |
| Transportation |
USD 600 - USD 1,200 |
| Health Insurance |
USD 1,000 - USD 2,000 |
| Books and Supplies |
USD 500 - USD 1,000 |
| Personal Expenses |
USD 2,400 - USD 6,000 |
MS in Finance in USA: Jobs and Salary
Here are some job roles available after completing an MS in Finance in USA, along with their average salaries:
| Job Title |
Salary (USD) |
| Financial Analyst |
60,000 - 78,000 |
| Investment Banker |
80,000 - 112,000 |
| Logistic Analyst |
60,000 - 70,000 |
| Budget Analysts |
60,000 - 70,000 |
| Insurance Underwriters |
60,000 - 75,000 |
| Financial Manager |
100,000 - 200,000 |
| Cost Estimators |
60,000 - 70,000 |
| Corporate Controller |
112,000 - 150,000 |
| Quantitative Analyst |
95,000 - 107,000 |
| Private Equity Analyst |
79,000 - 92,000 |
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MS in Finance in USA: Scholarships
Below is a list of scholarships available for MS in Finance students, along with the university name, scholarship details, and the amount offered:
| University Name |
Scholarship |
Amount |
| Columbia Business School |
Federal Work-Study program |
Varies |
| UCLA Anderson School of Management |
Inlaks Shivdasani Foundation Scholarship |
Up to 100,000 USD |
| UC Berkeley Haas School of Business |
The Changchun “Arthur” Qi Book Scholarship |
1000 |
| MIT Sloan School of Management |
OGE Administered Fellowships |
Partial tuition fee is waived off |
| Scheller College of Business |
Graduates Assistantships |
Monthly salary in exchange for 14 hrs/week work commitment |
| Questrom School of Business |
Deans’ Scholarship program |
Partial tuition fee is waived off |
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Top Recruiters for MS in Finance in USA
After completing an MS in Finance in USA, graduates are offered jobs in top MNC companies. The most popular employers for MS in Finance graduates in the USA include:
| Employer Type |
Top Recruiters for MS in Finance in USA |
| Investment Banks |
- Goldman Sachs
- JPMorgan Chase
- Morgan Stanley
- Citigroup
- Bank of America Merrill Lynch
|
| Asset Management Firms |
- BlackRock
- Vanguard
- Fidelity Investments
|
| Consulting |
- Deloitte
- KPMG
- Ernst & Young (EY)
- PwC
|
| Corporate Finance Departments of MNCs |
- Google
- Amazon
- Apple
- General Electric (GE)
- Johnson & Johnson
|
An MS in Finance in USA equips students with essential skills and knowledge, providing exciting career opportunities in the financial sector. With multiple specialisations, competitive salaries, and no prior work experience, this program is an excellent choice for aspiring finance professionals.
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