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 UniversityMaster of Finance
University of ChicagoFull-Time Booth MBA
Columbia University in the City of New YorkThe Columbia MBA
Massachusetts Institute of TechnologyMaster of Finance
Massachusetts Institute of TechnologySloan MBA
Johns Hopkins UniversityMS in Finance
University of California, Los AngelesAnderson’s MBA
Northwestern UniversityOne-Year Kellogg MBA
Northwestern UniversityTwo-Year Kellogg MBA
Duke UniversityAccelerated Daytime Fuqua MBA


US university ranking for MS in Finance



Princeton University1
University of Chicago2
New York University3
New York University4
Columbia University in the City of New York5
Massachusetts Institute of Technology6
Massachusetts Institute of Technology7
University of Michigan, Ann Arbor8
University of California, Los Angeles9
Johns Hopkins University10


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:

CategoriesAnnual Cost (INR)
Books and Supplies69,147
Apartment Housing with amenities12,83,069
Dormitory Housing5,68,699-8,92,984
Meal Plan for Dormitory Residents1,86,390


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 UniversityMaster of Finance
University of ChicagoFull-Time Booth MBA
New York UniversityMS in Global Finance
New York UniversityFull-time NYU Stern MBA
Columbia University in the City of New YorkThe Columbia MBA
Massachusetts Institute of TechnologyMaster of Finance
Massachusetts Institute of TechnologySloan MBA
University of Michigan, Ann ArborRoss Full Time MBA
Johns Hopkins UniversityMS in Finance
University of California, Los AngelesAnderson’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:

UniversitiesScholarshipsAmount (in USD)
MIT Sloan School of ManagementOGE Administered FellowshipsPartial waiver of tuition fees
UC Berkeley Haas School of BusinessThe Chengchun “Arthur” Qi Book Scholarship1,000
UCLA Anderson School of ManagementInlaks Shivdasani Foundation ScholarshipUp to 100,000 USD
USC Marshall School of BusinessMerit-based ScholarshipPartial tuition fees
Gies College of BusinessGolden ScholarshipsPartial tuition expense
Columbia Business SchoolFederal work-study programVaries
Scheller College of BusinessGraduate AssistantshipsMonthly salary in exchange of 14hrs/week work commitment
McDonough School of BusinessMerit-based scholarshipsVaries
Questrom School of BusinessDean’s Scholarship programPortion 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

OccupationAverage Salary (USD)Average Salary (INR)
Accountants and auditors78,00064.90 lakhs
Budget analysts82,26068.45 lakhs
Claims adjusters and investigators72,04059.94 lakhs
ob Analysis Specialists67,78056.40 lakhs
Cost estimators71,20059.25 lakhs
Financial analysts96,22080.07 lakhs
Financial examiners82,21068.41 lakhs
Fundraisers61,19050.92 lakhs
Human Resources Specialists64,24053.45 lakhs
Insurance underwriters76,23063.43 lakhs
Labor Relations Specialists82,01068.24 lakhs
Loan officers65,74054.70 lakhs
Logisticians77,52064.50 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:

ParameterMasters in Finance in USAMasters in Finance in UK
Duration12-18 months1 year
Average Tuition Fees38,000-87,000 USD (30.98-70.94 lakhs INR)23,000-47,000 GBP (23.25–47.51 lakhs INR)
Monthly Cost of Living2,448 USD (2 lakhs INR)1,120 GBP (1.11 lakhs INR)
Percentage Required85-93%75-85%
English Language Proficiency TestsTOEFL: 100+ | IELTS: 7.0IELTS: 6.5-7.0 | TOEFL: 90-100
Accepted Entrance ExamGMAT: 680 | GRE: 325GMAT: 680 | GRE: 325
Average Salary82,000 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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