MS in Finance in the US: What You Should Know

Masters in Finance in US: Top Colleges, Fees, Funding, Jobs

By Grad-Dreams

USA

MS in Finance in The US

MS in Finance, often known as Masters in Finance in the United States, is a 10- to 24-month degree that is popular among international students who desire to pursue a career in finance. Graduates of the program will be prepared to work in corporate finance, investment banking, financial institutions, risk management, financial modeling, capital markets, behavioral finance, econometrics, and investment management, among other fields.

#Why Study MS in Finance in The US?

Masters (MS) in Financial programs are popular among students searching for a cost-effective and faster way to enter the workforce as a finance professional. They typically take 12-18 months to complete.
Unlike MBA programs in the United States, Masters in Finance programs focus primarily on financial planning and risk management and do not typically require job experience for admittance.
The market for Financial Planning & Advice will be worth 57.8 billion dollars in 2020.
The financial sector in the United States is expected to grow by 1.4 percent in 2020. From 2015 through 2020, the sector grew at a rate of 2.4 percent per year on average.

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#Top Universities

University	Business School	Duration (in months)	Annual Tuition Fee (in USD)
Massachusetts Institute of Technology (MIT)	Sloan School of Management	12-18	77,168
Columbia University	Columbia Business School	12	70,000
University of Illinois Urbana Champaign	Gies College of Business	15	54,646
University of California Los Angeles (UCLA)	Anderson School of Management	13	31,949
University of Texas at Austin	McCombs School of Business	10	38,326
Boston University	Questrom School of Business	17	56,412
Georgia Institute of Technology (Georgia Tech)	Scheller College of Business	21	19,037
University of Southern California (USC)	Marshall School of Business	24	27,660
University of California Berkeley (UC Berkeley)	Haas School of Business	12	72,920
Georgetown University	McDonough School of Business	21	41,972

#Eligibility

To be considered for a Masters in Finance in the United States, an applicant must meet the following criteria:

have a bachelor's degree in a relevant field of study from a reputable university with a grade point average of 80 percent or higher
offer GRE or GMAT scores
IELTS, TOEFL, or a similar exam can be used to demonstrate English language competency.

#Cost of Living

Pre-arrival costs

Application fees, registration fees for various tests, visa application and SEVIS fee, flights, and other one-time charges must be paid before beginning their studies at a university. Some of the projected pre-arrival costs to the United States are shown in the table below:

Categories	Fees (in USD)
Application fees	150
GRE fees	205
Visa registration fees	190
TOEFL fees	180

#Tuition fees

MS in Finance tuition fees in the United States range from 19,037 USD to 77,168 USD per year.

Cost of living

Because of the high prices, most overseas students find it difficult to make a living in the United States. While pursuing a Masters of Finance in the United States, students have the option of staying on or off campus. The cost of living in the United States is mostly determined by the type of student housing chosen, the city of residency, and other factors. The following items are included in the expected living expenses:

Categories	Annual Cost (in USD)
Books and Supplies	900
Dormitory Housing	7,402-11,622
Meal Plan for Dormitory Residents	2,426
Apartment Housing with amenities	16,700
Food	6318
Miscellaneous	6470

Scholarships

Universities	Scholarships	Amount (in USD)
MIT Sloan School of Management	OGE Administered Fellowships	Partial waiver of tuition fees
Columbia Business School	Federal work-study program	Varies
UCLA Anderson School of Management	Inlaks Shivdasani Foundation Scholarship	Up to 100,000 USD
Gies College of Business	Golden Scholarships	Partial tuition expense
UC Berkeley Haas School of Business	The Changchun "Arthur" Qi Book Scholarship	1,000
USC Marshall School of Business	Merit-based Scholarship	Partial tuition fees
Scheller College of Business	Graduate Assistantships	Monthly salary in exchange for 14hrs/week work commitment
McDonough School of Business	Merit-based scholarships	Varies
Questrom School of Business	Dean’s Scholarship program	The portion of tuition fees is waived off

#Career

Masters (MS) in Finance graduates in the United States can find lucrative jobs in the global financial sector. Finance graduates are the ones who can advise organizations on forthcoming economic hazards or methods to make it worthwhile in today's rising financial market. Because of the country's flourishing economy, there are more job options for international students in the United States. Finance graduates use their analytical talents to pave their way in these global economic markets.