MS in Finance in USA- Requirements Fees 2024, Top Colleges, Placements & Salaries

MS 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.

Masters in Finance USA, MS in Finance USA has a broad range of courses in finance and asset management, and there’s great flexibility to decide on your own content of the program that matches your interests and to concentrate on issues associated with corporate valuation and banking and risk management.

Why study MS in Finance in USA?

  • Usually taking about 12-18 months, MSc Finance USA 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 USAMS in Finance in USA do not usually require work experience for admissions and focuses majorly on financial planning and risk management.
  • The Financial Advisory market in the United States is expected to grow at a rate of 9.12% from 2023 to 2027, reaching a market size of US$80.87 trillion in 2027.
  • The global financial advisory services market had a value of $79.4 billion in 2020, and it is estimated to reach $135.6 billion by 2030, with an average annual growth rate of 5.8% from 2021 to 2030.
  • The number of job listings in the United States’ Financial Services sector increased by 4.4% from the previous month and by 0.86% since March 2023, reaching a total of 209,184 active job listings in June 2023. In June 2023, there were 73,460 new job postings, marking a 2.99% increase compared to the previous month.

MS in Finance in USA Subjects

  • Modern Finance
  • Financial Mathematics
  • Financial Engineering
  • Corporate Financial Accounting
  • Finance Ethics & Regulation
  • Corporate Finance
  • Financial Markets
  • Econometrics and Statistical Inference
  • Big Data in Finance

Eligibility for MS in Finance in USA

The Universities in USA are very particular about the quality, intentions, and dedication of the applicants and to judge the same they have set certain criteria of eligibility for MS in Finance in USA and the ones who meet the eligibility for MS in Finance in USA are the ones to secure a seat in the various competitive university. The MS in Finance in USA requirements are decided by the department of the university to check the quantitative, verbal, and analytical skills of the applicants.

Admission to Masters in Finance in USA requirement is as below

  • CGPA – Bachelor’s degrees with a CGPA of 2.25 and above on a scale of 4 and minimal history of backlogs.
  • GRE (Graduate Record Exam) – GRE exams is a broad assessment of the student’s critical thinking, analytical writing, verbal reasoning and quantitative skills which are essential for various analytical courses and hence it is considered as an essential criteria for eligibility for MS in Finance in USA. The minimum score is subject to change depending on the university. A GRE score of 290 would help to get admission from a good university. The more the GRE score, admission to a highly ranked university is possible.
  • Without GRE – GRE is an important Masters in Finance in USA requirements but is not a hurdle that can stop you from pursuing the Masters in USA as there are universities that do not consider GRE as a criterion for eligibility for MS in Finance in USA.
  • Graduate Management Admission Test (GMAT) – Graduate Management Admission Test is an adaptive test designed to evaluate specific analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a masters in Finance in USA. A GMAT score of 500 is a considerable score, the higher the score the better are your chances of securing admission in the top universities.
  • Without GMAT – Graduate Management Admission Test is a test designed for evaluating the students joining MS in Finance in USA, but there are few universities that do not consider GMAT as an eligibility criteria.
  • Admission Essay – An admissions or application essay is another criteria for MS in Finance in USA eligibility. It is an essay or other written statement written by an applicant or a prospective student applying to some college, university in the USA. Essay topics are decided by the university and can range from very specific to open-ended.
  • Statement of Purpose – The statement of purpose is the mirror that reflects the personality of the student that he/she portrays in front of the admission committee. SOP plays an important role in the enrolment of the student. From the template to the content, every small detail matters a lot, and our team of well-experienced counselors can help you frame the best SOP.
  • Letter of Recommendation – Letter of recommendation is a document that is drafted by your supervisor or teachers or academics heads in order to add extra merit to your application. Our team of counselors can help you shed light on your full package that was not possible through a resume via LOR. The USA universities require three letters of recommendation as a part of the application process.
  • English Language Requirement – The eligibility for MS in Finance in USA has English test requirements, minimum IELTS requirement for MS in Finance in USA is 6.0 or 6.5(overall), and minimum TOEFL requirements for MS in Finance in USA is 79, and this varies depending on the university planning to apply.

MS 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


Sample of SOP for USA

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.

S 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.

MS in Finance in USA Fees

The annual tuition fee for MSc Finance 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:

Top universities in USA for MS in Finance



Princeton University Master of Finance
University of Chicago Full-Time Booth MBA
Columbia University in the City of New York The Columbia MBA
Massachusetts Institute of Technology Master of Finance
Massachusetts Institute of Technology Sloan MBA
Johns Hopkins University MS in Finance
University of California, Los Angeles Anderson’s MBA
Northwestern University One-Year Kellogg MBA
Northwestern University Two-Year Kellogg MBA
Duke University Accelerated Daytime Fuqua MBA


US university ranking for MS in Finance



Princeton University 1
University of Chicago 2
New York University 3
New York University 4
Columbia University in the City of New York 5
Massachusetts Institute of Technology 6
Massachusetts Institute of Technology 7
University of Michigan, Ann Arbor 8
University of California, Los Angeles 9
Johns Hopkins University 10


MS in Finance in USA fees

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:

Categories Annual Cost (INR)
Books and Supplies 69,147
Food 4.85,415
Apartment Housing with amenities 12,83,069
Dormitory Housing 5,68,699-8,92,984
Meal Plan for Dormitory Residents 1,86,390
Miscellaneous 4,97,093


Best universities in USA for MS in Finance

The MS in Financial Management in US program of best universities in USA for MS in Finance offers you an intensive understanding of all aspects of finance within the firm—capital budgeting, income valuation, risk management, capital structure, dividend policy, mergers and acquisitions, and more. You furthermore might determine global economics, investment decisions, and international finance.



Princeton University Master of Finance
University of Chicago Full-Time Booth MBA
New York University MS in Global Finance
New York University Full-time NYU Stern MBA
Columbia University in the City of New York The Columbia MBA
Massachusetts Institute of Technology Master of Finance
Massachusetts Institute of Technology Sloan MBA
University of Michigan, Ann Arbor Ross Full Time MBA
Johns Hopkins University MS in Finance
University of California, Los Angeles Anderson’s MBA


Scholarships for MS 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:

Universities Scholarships Amount (in USD)
MIT Sloan School of Management OGE Administered Fellowships Partial waiver of tuition fees
UC Berkeley Haas School of Business The Chengchun “Arthur” Qi Book Scholarship 1,000
UCLA Anderson School of Management Inlaks Shivdasani Foundation Scholarship Up to 100,000 USD
USC Marshall School of Business Merit-based Scholarship Partial tuition fees
Gies College of Business Golden Scholarships Partial tuition expense
Columbia Business School Federal work-study program Varies
Scheller College of Business Graduate Assistantships Monthly salary in exchange of 14hrs/week work commitment
McDonough School of Business Merit-based scholarships Varies
Questrom School of Business Dean’s Scholarship program Portion of tuition fees waiving off

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.

MS in Finance in USA Salary

The graduates of Masters in Finance in 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

Occupation Average Salary (USD) Average Salary (INR)
Accountants and auditors 78,000 64.90 lakhs
Budget analysts 82,260 68.45 lakhs
Claims adjusters and investigators 72,040 59.94 lakhs
ob Analysis Specialists 67,780 56.40 lakhs
Cost estimators 71,200 59.25 lakhs
Financial analysts 96,220 80.07 lakhs
Financial examiners 82,210 68.41 lakhs
Fundraisers 61,190 50.92 lakhs
Human Resources Specialists 64,240 53.45 lakhs
Insurance underwriters 76,230 63.43 lakhs
Labor Relations Specialists 82,010 68.24 lakhs
Loan officers 65,740 54.70 lakhs
Logisticians 77,520 64.50 lakhs

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

Is it better to do MS 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:

Parameter Masters in Finance in USA Masters in Finance in UK
Duration 12-18 months 1 year
Average Tuition Fees 38,000-87,000 USD (30.98-70.94 lakhs INR) 23,000-47,000 GBP (23.25–47.51 lakhs INR)
Monthly Cost of Living 2,448 USD (2 lakhs INR) 1,120 GBP (1.11 lakhs INR)
Percentage Required 85-93% 75-85%
English Language Proficiency Tests TOEFL: 100+ | IELTS: 7.0 IELTS: 6.5-7.0 | TOEFL: 90-100
Accepted Entrance Exam GMAT: 680 | GRE: 325 GMAT: 680 | GRE: 325
Average Salary 82,000 USD (66.86 lakhs INR) 80,000 GBP (80.88 lakhs INR)

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.


Ques. What are the best universities offering Masters in Finance in USA?

Ans. Some of the top universities in USA offering MS in Finance are MIT, UC Berkeley, UCLA, Columbia University, etc.

Ques. What is the eligibility to get admission to Masters in Finance in USA?

Ans. To be eligible for a MS in Finance in USA, an applicant is required to have an undergraduate degree in a related discipline from a recognized university or college. International students are also required to provide proof of English language proficiency through one of the standardized tests of TOEFL or IELTS.

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

Ans. Yes. International students are required to provide scores of either GRE or GMAT. Each university has its own criteria or minimum requirements for these standardized exams to study in USA.

Ques. What is the duration of Masters in Finance in USA?

Ans. The MS (Masters) in Finance in USA is a program with a duration of 10-18 months at universities in USA.

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