MS in Finance in USA: Colleges, Deadlines, Fees

The United States has long been a global hub for financial education, and its Master of Science in Finance (MSF) programs continue to attract students from around the world. Pursuing an MS in Finance in the USA as an Indian or international student can open up a world of opportunities in the financial industry which allows you to specialize in areas such as corporate finance, investment banking, or financial analysis. 

Studying in the USA offers a unique experience, with access to top-notch faculty, cutting-edge research facilities, and a diverse student population. According to recent statistics, graduates with an MS in Finance from the USA have a high employability rate and competitive salaries. 

So, if you’re ready to take your finance career to the next level, keep reading to find out more about MS in Finance programs in the USA for 2024 and top finance graduate schools in USA. 

MS in Finance in the USA – Program Overview 

An MS in Finance is a specialized graduate program designed to provide students with advanced knowledge and skills in various areas of finance. The program typically combines theoretical knowledge with practical applications, preparing students for careers in financial analysis, investment management, corporate finance, risk management, and more. 

Core Courses and Curriculum: 

Core courses often include: 

• Corporate Finance 
• Financial Markets and Institutions 
• Financial Accounting 
• Investment Analysis 
• Derivatives 
• Quantitative Methods 

In addition to core courses, MSF programs often offer specialized electives that allow students to tailor their studies to their career interests. Some popular electives include: 

• Mergers and Acquisitions 
• Risk Management 
• Private Equity 
• Hedge Funds 
• International Finance 

Program Duration: 

Most MS in Finance programs in the US typically last one to two years. Some programs may offer accelerated options or part-time programs for working professionals. 

Estimated Fees in 2024: 

You can expect to pay anywhere from $30,000 to $70,000 per year (approximately INR 15,93,480 – 72,24,065 per year) in tuition fees. This estimate does not include living expenses, which can range from $15,000 to $25,000 per year or more, depending on the city and lifestyle. 

Additionally, Indian students may be eligible for scholarships and financial aid to help offset the cost of their education. 

MS Finance Admission Requirements in the USA 

To meet the eligibility criteria for an MS in Finance program in the USA, applicants must:  

1. Bachelor’s Degree 

A bachelor’s degree in a related field such as finance, economics, accounting, or business administration is typically required. 

2. Academic Excellence 

A solid academic record is essential. However, different universities have varying GPA requirements. Most institutions seek candidates with a GPA falling within the range of 3.0 to 4.0 on the 4.0 scale. 

3. Standardized Test Scores 

Applicants must submit GRE or GMAT scores, with universities often having a minimum score requirement, usually around 670 or above. 

4. English Proficiency 

Proficiency in English must be demonstrated through standardized tests such as IELTS, TOEFL, or equivalent exams. Typically, an IELTS score of 6.5 or higher is preferred, although specific requirements can vary by institution. 

5. Statement of purpose 

A well-written statement of purpose outlining your reasons for pursuing an MS in Finance and your career goals is crucial. 

6. Letters of recommendation 

You will need to provide letters of recommendation from professors or professionals who can attest to your academic abilities and potential. 

Remember, Shuraa Education assists students in pursuing their studies overseas, providing support at every stage. 

Top Colleges for MS in Finance in USA 

Here are the top 12 colleges in the USA for pursuing an MS in Finance. These institutions are renowned for their academic excellence, strong faculty, and industry connections which makes them highly sought after by Indian and international students. 

Please note: The application deadlines and estimated fees are subject to change. Applicants need to check each university’s official website or consult our study abroad experts at Shuraa Education for the most current information. 

Documents Needed for MS in Finance in USA 

When applying for admission to an MS in Finance in USA, the necessary documents include the following:  

1. Online Admission Application Form 

Complete the online application form provided by the respective university. 

2. Academic Transcripts 

Submit evaluated transcripts from all previously attended educational institutions. 

3. Letters of Recommendation 

Provide 2-3 recommendation letters from academic or professional references.  

4. Resume 

Include a comprehensive resume detailing your academic and professional background.  

5. Writing Sample or Statement of Purpose 

Submit a well-crafted writing sample or a statement of purpose outlining your academic and career goals.  

6. Video Essay or Question (if applicable) 

Certain universities may request a video essay or response to specific questions as part of the application process.  

7. Standardized Test Scores 

Include scores from relevant standardized tests required for studying in the USA.  

8. English Proficiency Test Scores 

Submit proof of English proficiency through tests like IELTS or TOEFL.  

9. GMAT or GRE Scores 

Provide scores from GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination) exams.  

10. Admission Application Fee 

Pay the non-refundable admission application fee as per the university’s requirements. 

Application Process to Study MS in Finance in the USA 

Here’s a step-by-step guide to the application process for studying an MS in Finance in the USA for international students: 

1. Research and Shortlist Programs 

Identify universities and programs that align with your career goals and interests. Consider rankings, program specializations, faculty expertise, and location. 

2. Prepare for Standardized Tests 

Decide whether to take the GMAT or GRE and start preparing. Familiarize yourself with the test format, content, and time management strategies. Practice with official and unofficial study materials. 

3. Prepare Application Materials 

Start preparing your application materials well in advance. Tailor your application to highlight your qualifications and fit with the program. 

4. Complete the Online Application 

Follow the application instructions for each university carefully. Submit your application before the deadlines, as some universities have multiple rounds of applications. Each application will require a non-refundable fee, which varies by university. 

Or get in touch with Shuraa Education experts for assistance throughout the application process. 

5. Await Decisions 

Universities typically take several months to review applications and make admissions decisions. Be patient and prepare for potential waitlists or interviews. 

6. Apply for a Student Visa (F-1) 

After accepting an offer, the university will provide you with a Form I-20, which is required for the visa application. Pay the SEVIS (Student and Exchange Visitor Information System) fee of $350, which is necessary for the visa process. Schedule a visa interview at the nearest U.S. embassy or consulate 

7. Prepare for Orientation and Arrival 

Once accepted, you may receive information about orientation programs and housing options. Prepare for your move to the USA, including arranging travel and accommodations. 

Most US universities have multiple application deadlines (e.g., Round 1, Round 2). Aim to submit your applications by the earliest deadlines to increase your chances of admission. 

MS in Finance Tuition Fees in the USA 

Tuition fees for MS in Finance programs in the USA can vary significantly depending on the university, location, and specific program. The following estimates are based on average tuition costs and exchange rates: 

Average Tuition Fees (in INR): 

• Tier 1 Universities (e.g., Harvard, Stanford, Wharton): Approximately ₹40-50 lakhs per year. 
• Tier 2 Universities (e.g., Columbia, MIT, Booth): Approximately ₹30-40 lakhs per year. 
• Tier 3 Universities (e.g., Ross, Stern, Haas): Approximately ₹25-35 lakhs per year. 

Besides tuition cost of MS in Finance USA, accommodation, food, transportation, and other daily expenses can add significantly to the overall cost of studying in the USA. 

Cost of Living in the USA 

These are estimated figures and can vary depending on specific locations, lifestyle choices, and individual spending habits. 

Major cities like New York, Boston, and San Francisco typically have higher living costs compared to smaller cities or rural areas. Working part-time can help offset living costs, but it’s important to balance work with studies. 

Remember that these figures are estimates, and your actual expenses may vary. We at Shuraa also assist you with budgeting to ensure you stay within your financial limits. 

Salary & Job Opportunities After MS in Finance in the USA 

MS in Finance graduates in the USA enjoy strong job prospects, with many landing positions in top financial institutions and corporations. The combination of advanced knowledge, technical skills, and analytical abilities gained through the program makes them highly sought after by employers. 

Some common career paths for MS in Finance graduates include: 

• Investment Banking 

• Asset Management 

• Corporate Finance 

• Financial Analysis 

• Financial Consulting 

• Risk Management 

• Private Equity 

MS in Finance graduates typically command competitive salaries, especially in major financial hubs like New York, Boston, and San Francisco. 

Average Salary: 

• Entry-level: $80,000 – $100,000 per year 
• Mid-level: $120,000 – $150,000 per year 
• Senior-level: $200,000 or more per year 

The financial industry is constantly evolving, with emerging trends like FinTech, ESG investing, and data analytics creating new opportunities for finance professionals. 

MS in Finance Degree Scholarships in the USA 

For MSc Finance programs in the USA, the annual tuition fees vary between 19,037* USD and 77,168* USD. The following chart illustrates the yearly tuition costs for MS in Finance programs at leading colleges in the USA: 

Pursuing an MS in Finance in the USA or the UK 

Here’s a comparative overview highlighting the critical distinctions between Master’s in Finance programs in the USA and the UK: 

Ready to Apply? 

The United States offers a world-class education in finance, with top-tier universities and renowned programs. An MS in Finance can open doors to exciting career opportunities and provide a solid foundation for your professional journey. 

Shuraa Education is here to help make everything easier for you. We work with over 1,000 top universities, including many in the USA, to help you find the right program for your goals. Our team can guide you through every step, from choosing the perfect university and completing your application to securing your visa, finding a place to live, and managing your budget. With our support, you can focus on your studies and look forward to a bright future in finance. 

For further inquiries, feel free to contact us via email at info@shuraaeducation.com or reach out to us via call or WhatsApp at +91 931 999 8924.