• USA

MS in Finance in USA: Universities, Tuition Fees, Admission Process & More

13419 Reads
3 min Read

By:CANAM Group
Updated On:Mar 11,2024 05:29 PM IST

• Finance, The Next Big Thing! US universities offer top-ranked programs focusing on practical skills and real-world case studies, preparing students to succeed in the global financial landscape.

• US universities are at the forefront of innovation, offering unique programs like STEM Finance that integrate science, technology, engineering, finance and mathematics into the curriculum.

• The average annual salary for graduates can range from $60,000 to over $124,000, making this a high-return-on-investment degree.

In the past few decades, the world witnessed a technological boom where IT singlehandedly ruled over every other field, not to mention the rise of an overwhelming amount of start-ups and e-commerce businesses across the globe. So here’s an interesting question for students, now that these saplings of start-ups are ready to turn into full-fledged businesses which stream may see a boom?

A) Music & Arts

B) Aeronautical Engineering

C) Microbiology

D) Finance

If the answer was Finance, TING! TING! TING! That’s right, seeing the trend of development and growth it is safe to say that Finance may be the next big thing after the IT boom. Based on the same reasoning, a huge number of international students have been rushing to pursue an MS in Finance in the USA.

Why Study MS in Finance in USA?

The US is on the priority list of many international students because of its universities and the world’s leading finance programs they offer. The courses in the USA are renowned for their rigorous curriculum, expansive alumni networks, and close ties with global financial markets. In the USA, students receive a comprehensive education, imbued with the latest financial theories and real-world case studies, which is highly valuable in the global economy. This makes opting Master of Science in Finance in the United States an investment in one’s professional prowess in the financial sector.

What are STEM Finance Programs in the USA?

Many students must have heard of STEM courses in the USA, which raises the question of how ‘Finance’ (a specialization of Commerce) can be associated with STEM, which literally stands for Science, Technology, Engineering, and Mathematics. Well, that’s the beauty of America’s education system: not only does it allow students to tailor their curriculum according to their needs, but it also offers unique programs like STEM finance.

STEM finance programs integrate science, technology, engineering, and mathematics principles into the financial curriculum. These programs are designed to produce graduates who have advanced quantitative and analytical skills, well-suited to tackle challenges in areas such as data analysis, financial modeling, and algorithmic trading.

Universities in the USA provide cutting-edge financial education, along with extended Optional Practical Training (OPT) opportunities to international graduates.

5 Universities to Study Finance in the USA

International students can choose from a wide range of universities equipped with the best teaching style, well-taught course structure, and expert tutors to offer excellent MS finance programs. Here’s a brief look at five universities offering MS in Finance in the USA that students can consider:

University	Location	Descriptions
Arizona State University	Tempe, Arizona	ASU provides an intensive MS in Finance program that equips students with the skills needed to navigate the complexities of the financial marketplace.
The University of Arizona	Tucson, Arizona	The University of Arizona is noted for its analytical focus. The MS in Finance here melds rigorous research with practical application.
University of the Pacific	Stockton, California	The University of the Pacific offers an MS in Finance program that delivers a profound understanding of financial principles alongside tools for effective decision-making.
Colorado State University	Fort Collins, Colorado	CSU’s College of Business has a comprehensive MS in Finance program that embraces ethical perspectives and global awareness in finance.
Stevens Institute of Technology	Hoboken, New Jersey	Known for harnessing technology in finance, Stevens provides an MS in Finance program with a robust quantitative focus, preparing students for the evolving digital financial landscape.

Eligibility Criteria for MS in Finance in the USA

There are certain bars set by universities in the USA to ensure that international students have the qualifications to learn and live efficiently in the USA and enjoy a premium learning experience to its max. However, these criteria are nothing to be afraid of as they can easily be met if students really have the drive to Study in the USA after graduation. Most universities have a common set of requirements that include:

• A Bachelor’s or Undergraduate degree in either Finance or a relevant area of study from an accredited institution

• Above-average GRE/ GMAT scores (optional)

• Good English language proficiency test scores (IELTS, TOEFL)

• Relevant professional experience

• Complete coursework is done in multiple subjects such as C++ Python, computer applications, etc.

Students can make the process easier with the help of their family, friends, or expert consultants.

Documents Required for MS Finance in the USA

During the application process, students are required to submit documents along with their application. These documents are used by the authorities to assess the student’s capability and eligibility for the program they are applying for. Although documents required by different universities vary, students must ensure they have the document mentioned below:

• Academic transcripts from prior educational institutions

• Standardized test scores (GMAT/GRE)

• English language proficiency test scores

• 2-3 Letters of Recommendation

• Statement of Purpose (SOP) or personal essays

• Updated CV or resume

• Proof of application fee payment

• Visa status proof

Admission Process for MS in Finance in the USA

The admission process to pursue an MS in the USA involves a multifaceted approach. Prospective students must choose their preferred institutions and adhere to each university's application deadlines. To apply, students can follow these simple steps:

Admission process for MS in finance in USA.webp

• Select the university that best suits their ambitions and academic goals

• Connect with the experts at Canam to check their entry requirements

• Pay the application fee and fill out the online application

• Attach all related documents and send the application before the deadline

• Attend interviews if required by the university

• Once accepted, start arranging for funds and apply for an F-1 visa.

Cost of Studying MS in Finance in the USA

Here’s the most awaited topic of the blog, the cost of studying MS in Finance in the USA. Now the thing is, the cost of studying MS in Finance in the USA majorly depends on two factors: tuition fees and cost of living. Estimating tuition fees for MS in Finance programs is easy as it usually ranges from $30,000 to over $80,000 (approx.) for the entire course. However, estimating the cost of living may be a little complicated cause of all the factors that one needs to consider. For example, given below is a table of factors that contribute to the cost of living. International students can use these thresholds to set and manage their budgets for study abroad.

Category	Low Estimate (Approx.)	High Estimate (Approx.)	Average Estimate (Approx.)
Accommodation • On-campus • Off-campus (shared apartment) • Off-campus (studio apartment) • Off-campus (private room)	$7,000 $6,000 $8,000 $4,000	$12,000 $24,000 $30,000 $18,000	$9,000 $15,000 $20,000 $11,000
Food	$3,600	$6,000	$4,800
Transportation	$600	$1,200	$900
Health Insurance	$1,000	$2,000	$1,500
Books & Supplies	$500	$1,000	$750
Personal Expenses	$2,400	$6,000	$4,200

Important notes

• These are just estimates and the actual costs may vary depending on the location, university, and student’s lifestyle.

• Expenses like health insurance and tuition fees may be fixed while other expenses like food and entertainment are more flexible depending on factors such as location and inflation.

• To lower the financial strain students may opt money-saving techniques such as cooking at home, using public transportation, etc.

Career Opportunities After Studying MS in Finance in USA

Up next, returns on investment, or in simple terms career opportunities for international students in the USA after completing their masters. An MS degree in Finance opens doors to prestigious careers in investment banking, corporate finance, asset management, financial consultation, and risk management, among others. The degree not only paves the way for high-paying roles but also offers a platform to ascend the corporate ladder or become a financial entrepreneur.

For starters, students can choose from below mentioned job profiles that are generally popular among international students:

Job Profile	Average Annual Salary Range (Approx.)	Required Skills
Financial Analyst	$60,000- $78,000	• Financial modelling • Data analysis • Communication • Critical thinking
Investment Analyst	$80,000- $95,000	• Financial modelling • Market research • Portfolio management • Communication
Risk Analyst	$85,000- $90,000	• Quantitative analysis • Risk modelling • Regulatory compliance • Communication
Credit Analyst	$67,000- $73,000	• Financial modelling • Credit scoring • Communication • Problem-solving
Wealth Manager	$90,000- $108,000	• Financial planning • Investment management • Relationship building • Communication
Financial Consultant	$75,000- $84,000	• Financial planning • Investment management • Communication • Sales
Hedge Fund Analyst	$90,000- $124,000	• Financial modelling • Quantitative analysis • Programming • Market research
Investment Banker	$98,000- $112,000	• Financial modelling • Communication • Negotiation • Problem-solving
Private Equity Analyst	$79,000- $92,000	• Financial modelling • Valuation • Due diligence • Communication
Quantitative Analyst	$95,000- $107,000	• Programming • Statistics • Probability • Financial modeling

Conclusion

Evidently, Finance shows great potential of becoming the next highly sought-after stream, especially among international students. What’s more, having a stamp of completing an MS in Finance in the USA is enough to increase the stats of one’s CV exponentially.

Throw in the skills and experience a student gains over their course in the USA and there it is, a perfect recipe to open gates to a successful future in Finance with unparalleled career opportunities. To learn more about the application process and guidance, students can visit the official page of Canam Consultants.

FAQ

What are the career prospects for international students after completing an MS in Finance in the USA?

Graduates with an MS in Finance and Optional Practical Training (OPT) have excellent career prospects in the USA. They can pursue roles in investment banking, financial analysis, risk management, wealth management, and more. The strong US economy and demand for skilled finance professionals create ample opportunities.

Are there any specific requirements for international students to apply for Optional Practical Training (OPT)?

International students on an F-1 visa may be eligible for OPT after completing their studies. Specific requirements include maintaining good academic standing and completing an internship or job related to the field of study.

What are the typical course structures and specializations offered in MS in Finance programs in the USA?

Programs typically cover core finance subjects like financial accounting, corporate finance, investments, and financial modeling. Specializations can include:

• Investment Banking

• Risk Management

• Financial Analytics

• Fintech

• Real Estate Finance

Is it possible to get a scholarship to study MS in Finance in the USA?

Yes, several scholarships are available for international students studying MS in Finance in the USA. These include merit-based scholarships offered by universities, need-based scholarships from government agencies and private organizations, and specific scholarships for international students. Researching and applying early is crucial.

What are some of the soft skills important for success in finance careers?

Communication, teamwork, problem-solving, critical thinking, and leadership are crucial. Additionally, a strong work ethic, adaptability, and cultural awareness are highly valued.

Get great articles direct to your inbox

The latest news, articles, and resources, sent straight to your inbox every month.

Popular Universities to Study Abroad

World class education waiting for you.

Kaplan Group - Arizona State University - Polytechnic Campus

Arizona, USA • 90 Programmes

Tuition Fee : USD 31200-33000 / year

Management Development Institute of Singapore (MDIS)

Central Region, Singapore • 43 Programmes

Tuition Fee : SGD 0-0 / year

NorthTec - Auckland Campus

Auckland, New Zealand • 3 Programmes

Tuition Fee : NZD 11200-22700 / year

Seneca Polytechnic - Seneca at York Campus

Ontario, Canada • 90 Programmes

Tuition Fee : CAD 15000-32000 / year

Study Group - Liverpool John Moores University International Study Centre

England, UK • 233 Programmes

Tuition Fee : GBP 13000-20000 / year

Shorelight Group - Adelphi University

New York, USA • 78 Programmes

Tuition Fee : USD 27500-47900 / year

INTO Group - Oregon State University - Corvallis Campus

Oregon, USA • 502 Programmes

Tuition Fee : USD 12000-40700 / year

Stony Brook University

New York, USA • 119 Programmes

Tuition Fee : USD 26000-27000 / year

View All Universities

Latest at CANAM

Events, webinar, college / university visits and more.

Dalhousie University Application Week

Study in Canada • Application Days

All Canam Offices, PAN India • 11:00AM

In-Person & Virtual Event

University Visit - Saskatchewan Colleges (MSM)

Study in Canada • University Visit

Sangrur • 12:30PM

In-Person Event

University Visit - NAVITAS , Canada

Study in Canada • University Visit

kochi2 • 12:30PM

In-Person Event

Top countries destinations

Popular university and colleges for Studying abroad.

Bond University Queensland
Central Queensland University - Rockhampton, North Campus Queensland
Charles Sturt University - Wagga Wagga Campus New South Wales
Deakin University - Geelong Waurn Ponds Campus Victoria
Engineering Institute of Technology - Perth campus Western Australia
Griffith University - Nathan Campus Queensland
La Trobe University - Bendigo Campus Victoria
LCI Melbourne - Art & Design School Victoria

Ara Institute of Canterbury - City Campus Southland
Aspire 2 International - Auckland Campus Auckland
Auckland University of Technology - City Campus Auckland
Eastern Institute of Technology - Hawke Bay Campus Hawke's Bay
Manukau Institute of Technology -Manukau Campus Auckland
Massey University - Auckland Campus Auckland
Nelson Marlborough Institute of Technology (NMIT) - Nelson Campus Southland
New Zealand Institute of Business & Technology (NZIBT) Auckland
The University of Waikato - Hamilton Campus Hamilton

Kent state university Ohio
San Jose State University California
Wright State University Ohio
Clark University Massachusetts
Rowan University New Jersey
Arkansas State University Arkansas
University of Wisconsin Milwaukee Wisconsin
Southern Illinois University Edwardsville Illinois
University of Findlay Ohio

Popular English Language Proficiency Exams

Blogs and Articles

Curated content to keep you updated on the latest education trends, news and more.

Summer Intake in Germany 2025

Germany is located in Central Europe and is known for its rich culture, history, strong economy, and high standard of living. Its diverse population h...

Updated on • Jan 14,2025 05:49 PM IST • Study in Germany

IELTS Reading Practice Tests 2025: Reading Passage and Sample Questions

The IELTS or International English Language Testing System exam consists of four modules – Reading, Writing, Speaking and Listening. The IELTS Readi...

Updated on • Jan 14,2025 05:48 PM IST • IELTS

May Intake in Canada 2025

What is May Intake in Canada 2025?Canada May Intake is considered the third most popular study intake in Canada after the September and January...

Updated on • Jan 14,2025 04:09 PM IST • Study in Canada

IELTS Letter Writing Topics 2025

There is a 60-minute time limit for the IELTS Writing test, with 20 minutes allotted for Task 1 and 40 minutes for Task 2. IELTS General Writing Task ...

Updated on • Jan 14,2025 01:44 PM IST • IELTS

February Intake in Australia: Timeline, Courses, Universities, Deadlines & More

Students who desire to study in Australia should consider the February 2025 intake, which is known as the primary intake in Australia for admission, t...

Updated on • Jan 14,2025 10:33 AM IST • Australia

Scholarships to Study in Ireland

Getting scholarships to study in Ireland is no less than an open-eye dream for many of the students out there. What makes getting a scholarship such a...

Updated on • Jan 10,2025 05:28 PM IST • Ireland

Canada IELTS band requirements 2025

Canada's education system is considered the best in the world for international students. Students must fulfil many Canadian Universities' requirement...

Updated on • Jan 10,2025 05:10 PM IST • IELTS

What makes Australia a preferred study destination for Indians?

Australia remains a top choice for Indian students seeking a study-abroad adventure, offering unparalleled advantages. Its blend of quality education,...

Updated on • Jan 10,2025 11:25 AM IST • Australia

PTE Accepted Universities in Australia

In recent years, PTE has emerged as one of the alternatives to IELTS to study abroad. Many top study-abroad destinations like USA, UK and New Zealand ...

Updated on • Jan 10,2025 11:07 AM IST • PTE

Cheapest MBA in UK for International Students

Earning a Master of Business Administration (MBA) can be a game-changer for your career, opening doors to leadership roles and propelling your earning...

Updated on • Jan 09,2025 04:39 PM IST • UK

How to Choose a Study Abroad Destination?

International education is a dream for many students. It not only helps you excel professionally, but also enhances your perception, and evo...

Updated on • Jan 09,2025 04:32 PM IST • Study Abroad

Why Study in Europe?

A quick question for you readers: What's the most important step in studying abroad? *drumrolls* so? Did your answer include anything like choosing a ...

Updated on • Jan 07,2025 05:36 PM IST • Study Abroad

Top Free Education Countries for Indian Students

Education is the right of every individual on earth. It enhances your knowledge, improves economic opportunities, and promotes personal development. A...

Updated on • Jan 06,2025 11:43 AM IST • International Students

September/Fall Intake Canada 2025: Timeline, Universities & Admission Requirements

Studying in Canada after 12th class is the dream of many Indian students. Students with guidance from study abroad consultants apply for different int...

Updated on • Jan 03,2025 05:27 PM IST • Study in Canada

Study in British Columbia

Imagine waking up and starting your day to a breathtaking view of the Pacific Ocean on one side and snow-covered mountains on the other- Yes! That's B...

Updated on • Jan 02,2025 04:35 PM IST • Study in Canada

Exams Required to Study in USA

If you want to study in the USA, you might have to take a few exams depending on your field, and study goals. These exams help US Universities & C...

Updated on • Dec 31,2024 12:44 PM IST • USA

Study in USA After Diploma

Have you completed your diploma and want to expand your education to unlock new opportunities? the USA welcomes you with open arms. It offers many opp...

Updated on • Dec 31,2024 12:39 PM IST • USA

Most Affordable Universities in USA

There are several students across the globe who dream of studying in the USA. The USA is a dream study-abroad destination, and all those who dream abo...

Updated on • Dec 27,2024 03:55 PM IST • USA

Life in Canada as an Indian Student

Canada is one of the most popular study destinations among international students. This is because it is home to world-class universities th...

Updated on • Dec 26,2024 05:50 PM IST • Study in Canada

Summer Intake in USA - Universities, Timelines & More

Are you thinking about starting your academic journey sooner? If yes, studying in the USA can be your masterstroke! It opens doors to world-class educ...

Updated on • Dec 26,2024 12:35 PM IST • USA

MS in Finance in USA: Universities, Tuition Fees, Admission Process & More

Table of Contents

Why Study MS in Finance in USA?

What are STEM Finance Programs in the USA?

5 Universities to Study Finance in the USA

Eligibility Criteria for MS in Finance in the USA

Documents Required for MS Finance in the USA

Admission Process for MS in Finance in the USA

Cost of Studying MS in Finance in the USA

Career Opportunities After Studying MS in Finance in USA

Conclusion

FAQ

Events, webinar, college / university visits and more.

Popular university and colleges for Studying abroad.

Bond University Queensland

Central Queensland University - Rockhampton, North Campus Queensland

Charles Sturt University - Wagga Wagga Campus New South Wales

Deakin University - Geelong Waurn Ponds Campus Victoria

Engineering Institute of Technology - Perth campus Western Australia

Griffith University - Nathan Campus Queensland

La Trobe University - Bendigo Campus Victoria

LCI Melbourne - Art & Design School Victoria

University Canada West British Columbia

University of Windsor Ontario

Dalhousie University Nova Scotia

Carleton University Ontario

Cape Breton University Nova Scotia

University of ottawa Ontario

University of saskatchewan Saskatchewan

University of regina Saskatchewan

University of guelph Ontario

Ara Institute of Canterbury - City Campus Southland

Aspire 2 International - Auckland Campus Auckland

Auckland University of Technology - City Campus Auckland

Eastern Institute of Technology - Hawke Bay Campus Hawke's Bay

Manukau Institute of Technology -Manukau Campus Auckland

Massey University - Auckland Campus Auckland

Nelson Marlborough Institute of Technology (NMIT) - Nelson Campus Southland

New Zealand Institute of Business & Technology (NZIBT) Auckland

The University of Waikato - Hamilton Campus Hamilton

University of Warwick England

De Montfort University England

University of West London England

University of Strathclyde Scotland

Aston University England

University of Bath England

University of Liverpool England

Durham University England

Newcastle University England

Kent state university Ohio

San Jose State University California

Wright State University Ohio

Clark University Massachusetts

Rowan University New Jersey

Arkansas State University Arkansas

University of Wisconsin Milwaukee Wisconsin

Southern Illinois University Edwardsville Illinois

University of Findlay Ohio

Popular English Language Proficiency Exams