MS in Finance in USA: Fees 2024, Top Colleges, Placements and Salaries

The United States is a premier choice for students and professionals worldwide seeking advanced education. Renowned for its prestigious business and finance schools, the country offers exceptional graduate programs encompassing various study fields. Pursuing a Masters in Finance in USA presents numerous advantages, including outstanding internships, a robust professional network, and promising employment prospects in the competitive finance industry.

The MS in Finance program in the USA, lasting 1-2 years, is highly sought after by international students aspiring to launch their finance careers. It equips graduates with skills in corporate finance, investment banking, financial institutions, risk management, financial modelling, capital markets, behavioral finance, econometrics, and investment management. Shuraa Education offers invaluable guidance for students aspiring to study abroad, facilitating the pursuit of a Masters in Finance in USA. 

Reasons to Pursue Master’s in Finance in USA:

Undertaking a journey to pursue a Masters in Finance in USA is a strategic move that promises an array of compelling benefits. Shuraa Education assists students in pursuing their studies overseas, providing support at every stage. 

1. Efficient Path to Workforce Entry:

MSc Finance programs in the USA typically span 12-18 months, making them a swift and cost-effective route for students aiming to enter the finance industry swiftly.

2. No Mandatory Work Experience:

Unlike MBA programs in the USA, MS in Finance programs usually do not require prior work experience for admission. They primarily focus on financial planning and risk management.

3. Growth in Financial Advisory Market:  

The Financial Advisory market in the USA is projected to grow at a robust rate of 9.12% from 2023 to 2027, with an anticipated market size of US$80.87 trillion by 2027.

4. Global Financial Advisory Services Expansion:

The global financial advisory services market, valued at $79.4 billion in 2020, is forecasted to reach $135.6 billion by 2030. This sector is experiencing steady growth, with an average annual growth rate of 5.8% from 2021 to 2030. 

5. Abundant Job Opportunities:

Job listings in the USA’s Financial Services sector saw a 4.4% increase from the previous month and a 0.86% rise since March 2023. In June 2023 alone, there were 209,184 active job listings, with 73,460 new job postings—an increase of 2.99% compared to the previous month.

Subjects Covered in MS in Finance Programs in the USA:

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

Top Universities for Masters in Finance in USA

The USA, known for its progressive academic approach, offers many opportunities for international students. With diverse options in finance disciplines, students who want to study abroad can choose programs tailored to their interests. Some of the world’s most prestigious universities are situated in the USA. Here are the leading universities for Masters in Finance in USA. 

Note: The tuition fees are subject to change

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Master’s in Finance Requirements for USA

International students favor the USA as their top choice for studying abroad due to its outstanding academic reputation and cultural diversity. To secure admission to an MS in Finance program in the USA, applicants must be familiar with the essential prerequisites. The admission process necessitates various documents, and the following section outlines the details of Master’s in Finance admissions.

Eligibility Criteria for MS in Finance in USA:

 Shuraa Education assists students in pursuing their studies overseas, providing support at every stage. To meet the eligibility criteria for an MS in Finance in USA, applicants must: 

1. Bachelor’s Degree:

Prospective candidates must hold a Bachelor’s degree in a relevant field from an accredited university to be eligible for MS in Finance programs in the USA. 

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. Individual university guidelines should be checked for precise score expectations.

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. Varied Requirements: 

It is crucial to note that GPA thresholds, GRE/GMAT score expectations, and English proficiency requirements differ from one university to another. To obtain accurate and updated information, prospective students should consult university websites for specific entry criteria.

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:

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.

USA Study Visa Application: Documents and Procedure

International students intending to study abroad must obtain a USA study visa. After receiving the essential I-20 form from the university, students can initiate their online visa applications. The F-1 Student Visa is typically granted to non-immigrants aspiring to pursue higher education or research in the US. To proceed, students must possess the I-20 form provided by their enrolled university.

Admitted students are restricted from full-time employment but can work part-time while studying in the USA. The on-campus work allowance is limited to 20 hours per week.

Cost of Pursuing MS in Finance in the USA

Pursuing an MS in Finance in the USA can financially challenge international students. In addition to tuition fees, students are responsible for covering living expenses in various US cities. Before selecting a university, international students must assess the overall study expenses in the USA thoroughly. Shuraa Education assists students in pursuing their studies overseas, providing support at every stage.

Note: Precise information regarding costs and expenses, you can directly consult our Shuraa Education experts. They are available to assist you throughout the process.

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MS in Finance Tuition Fees 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: