Introduction
The Master of Science (MS) in Finance program in the USA is a highly sought-after opportunity for international students looking to kickstart their careers in the finance industry. This program typically lasts for a duration of 1-2 years, providing students with a comprehensive foundation in various aspects of finance. Graduates of this program are equipped with the necessary skills to excel in corporate finance, investment banking, financial institutions, risk management, financial modeling, capital markets, behavioral finance, econometrics, and investment management, among others.
The prospects for jobs in the business and finance sectors are highly promising, with a projected growth rate that surpasses the average across all professions. From the year 2022 to 2032, it is estimated that 911,400 new jobs will be added to this field. This indicates a significant demand for finance professionals in the coming years. According to the US Bureau of Labor Statistics, the median annual salary for graduates of the MS in Finance program is $76,850. This figure is notably higher than the median annual wage for other occupations, which stands at $46,310.
Best universities in USA for MS in Finance
| University name | Average fee | QS World University Rankings 2025 |
| Massachusetts Institute of Technology (MIT) | $63,922 approximately | 1 |
| University of Pennsylvania (Wharton) | $65,448 approximately | 3 |
| University of Chicago (Booth) | $71,328 approximately | 4 |
| Stanford University | $72,300 approximately | 5 |
| New York University (Stern) | $65,496 approximately | 6 |
| Columbia University | $66,864 approximately | 8 |
| University of California, Berkeley | $51,868 approximately | 14 |
| University of California, Los Angeles | $53,168 approximately | 20 |
| Carnegie Mellon University | $61,200 approximately | 25 |
| Princeton University | $69,680 approximately | 27 |
| Duke University | $66,400 approximately | 29 |
Please note: Tuition fees are approximate and can vary based on the program and academic year. It’s advisable to consult the official university websites for the most current information.
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Why study MS in Finance in USA?
There are many benefits to studying MS in Finance in the USA, including:
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High-quality education
The USA is home to some of the world’s top universities and business schools, which offer rigorous and comprehensive MS in Finance programs.
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Global recognition
A master’s degree in finance from a US university is highly recognized and respected by employers around the world.
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Career opportunities
The USA has a strong financial sector, with many leading banks, investment firms, and other financial institutions. As a result, there are many job opportunities available to graduates of MS in Finance programs.
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High salaries
Finance graduates in the USA typically earn high salaries. According to the US Bureau of Labor Statistics, the median annual salary for financial analysts in 2021 was $93,640.
Eligibility for MS in Finance in USA
The eligibility requirements for MS in Finance programs in the USA vary from university to university. However, there are some general requirements that most universities follow. These include
- A bachelor’s degree in a related field from an accredited university or college. Some universities may accept applicants with degrees in other fields, but they may require additional coursework in finance.
- A minimum GPA of 3.0 on a 4.0 scale is typically required. Some universities may have higher GPA requirements.
- Standardized test scores, such as the GMAT or GRE. The required score will vary depending on the university.
- English language proficiency test scores, such as the IELTS or TOEFL. International students are required to submit these scores to demonstrate that they have the English language skills necessary to succeed in their studies.
MS in Finance in USA: Documents required
The following documents are typically required for MS in Finance programs in the USA:
- Completed online application form
- Official academic transcripts from all undergraduate and graduate institutions attended
- Standardized test scores (GMAT or GRE)
- English language proficiency test scores (TOEFL or IELTS)
- Letters of recommendation (2-3)
- Statement of purpose
- Resume
- Proof of financial support
- Proofread your statement of purpose carefully before submitting it.
- Make sure that your resume is up-to-date and highlights your relevant skills and experience.
Cost of living in USA
Master’s in Finance in the USA will vary depending on the university you choose, your lifestyle, and where you live. Here is an overall living cost that includes:
As of 2025, the estimated monthly cost of living for international students in the United States is approximately as follows:
| Category | Average cost per month (USD) |
| Housing | $1,900 approximately |
| Food | $400 approximately |
| Transportation | $250 approximately |
| Utilities | $160 approximately |
| Health insurance | $140 approximately |
| Other expenses (clothing, entertainment, etc.) | $320 approximately |
| Total cost of living | $3,170 approximately |
Please note: These figures are approximate and can vary based on location, lifestyle, and personal choices.
These estimates align with data indicating that international students in the USA can expect living costs to range between $10,000 and $25,000 per year, depending on factors such as location and lifestyle
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Scholarships for MS in Finance in USA
There are many other scholarships available, and it is important to do your research to find the ones that you are eligible for.
| Scholarship name | Funding type | Eligibility criteria |
| Fulbright-Nehru Master’s Fellowships | Full tuition, living expenses, round-trip airfare, and health insurance | Indian citizens with a bachelor’s degree in finance or a related field, a strong academic record, and a demonstrated commitment to public service |
| Aga Khan Foundation Scholarship | 50% grant and 50% loan | Students from developing countries with extraordinary academic performance |
| Generation Google Scholarship | Full tuition, living expenses, and mentorship | Women and underrepresented minorities pursuing a master’s degree in computer science or a related field |
| AAUW International Fellowship | $20,000-$30,000 approximately | Women from developing countries pursuing a master’s or doctoral degree in the United States |
| Global Study Awards | $5,000-$20,000 approximately | International students pursuing a master’s degree in any field at a participating university |
| Narotam Sekhsaria Foundation Scholarship | $30,000-$50,000 approximately | Indian citizens pursuing a master’s degree in finance or a related field at a top US university |
| Columbia Business School Federal Work-Study Program | Partial tuition approximately | Students enrolled in Columbia Business School’s MS in Finance program |
| McDonough School of Business Scholarship | Partial tuition | Students enrolled in Georgetown University’s McDonough School of Business MS in Finance program |
| Scheller College of Business Graduate Assistantships | Partial tuition and a stipend | Students enrolled in Georgia Institute of Technology’s Scheller College of Business MS in Finance program |
| EDHEC Women in Business Scholarship | €2,000 approximately | Women pursuing a master’s degree in finance or a related field at EDHEC Business School |
| EDHEC Women in Finance and Data Science Scholarship | €2,000 approximately | Women pursuing a master’s degree in finance or data science at EDHEC Business School |
| EDHEC Make an Impact Scholarship | €2,000 approximately | Students pursuing a master’s degree in finance or a related field at EDHEC Business School with a demonstrated interest in social impact |
MS in Finance in USA placement rate with salary
As of 2025, the average annual salaries and placement rates for graduates from top U.S. universities are as follows:
| University | Average salary (USD) | Placement rate |
| Massachusetts Institute of Technology (MIT) | $120,000 approximately | 96% |
| Stanford University | $115,000 approximately | 95% |
| University of Pennsylvania | $112,000 approximately | 94% |
| Harvard University | $110,000 approximately | 93% |
| Columbia University | $108,000 approximately | 92% |
| University of California, Berkeley | $107,000 approximately | 91% |
| Carnegie Mellon University | $106,000 approximately | 90% |
| Duke University | $105,000 approximately | 89% |
| Northwestern University | $104,000 approximately | 88% |
| University of Chicago | $103,000 approximately | 87% |
| Yale University | $102,000 approximately | 86% |
Please note: These figures are estimates and may vary based on factors such as field of study, industry, and geographic location. It’s advisable to consult the latest data from university career services for the most accurate and up-to-date information.
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Conclusion
The education quality in the USA is top-notch. Finance experts have higher employability rates and annual pay than other professionals. These factors make pursuing a master’s degree in Finance in the USA worthwhile. If you’re interested in admission to a Master’s in Finance in the USA, why not reach out to MSM Unify professionals for guidance?
FAQs
1. What is the duration of a Master’s in Finance program in the USA?
The program typically lasts 1 to 1.5 years, depending on the university and course structure.
2. What are the eligibility criteria for admission to a Master’s in Finance in the USA?
Applicants usually need a bachelor’s degree in finance or a related field, a minimum GPA of 3.0, GRE/GMAT scores, and English proficiency test results (TOEFL/IELTS).
3. Are scholarships available for Master’s in Finance in the USA?
Yes, many universities and organizations offer merit-based and need-based scholarships for international students pursuing finance programs.
4. What is the average tuition fee for a Master’s in Finance in the USA?
The average tuition fees range from $35,000 to $80,000 approximately, depending on the university and program.
5. What are the career opportunities after completing a Master’s in Finance?
Graduates can pursue roles like Financial Analyst, Investment Banker, Risk Manager, Asset Manager, and Financial Consultant.
6. What is the average salary for graduates with a Master’s in Finance in the USA in 2025?
The average starting salary ranges from $80,000 to $120,000 approximately, based on the role, location, and employer.
7. Is work experience required for admission to a Master’s in Finance in the USA?
While not mandatory, having relevant work experience can strengthen your application and improve job prospects after graduation.
8. Do universities require GRE/GMAT scores for a Master’s in Finance?
Most top universities require GRE/GMAT scores, but some have made these tests optional or waived the requirement for certain programs.
9. Can international students work while pursuing a Master’s in Finance in the USA?
Yes, students can work up to 20 hours per week on campus during terms and full-time during breaks.
10. How can MSM Unify assist with the application process for a Master’s in Finance in the USA?
MSM Unify provides end-to-end support, from program selection and application preparation to scholarship assistance and visa processing, ensuring a smooth study abroad experience.
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