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MBA in Finance in the USA - Best Universities, Courses, Eligibility Criteria

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  • read time3 min Read
  • By:CANAM Group
  • Updated On:Jul 25,2023 05:55 PM IST

Students understand that Finance continually evolves in theoretical and practical knowledge. An (MBA) Master of Business Administration in Finance is one such program that prepares candidates to excel in this competitive field. Explore the best universities, programs, their eligibility criteria in the USA.

MBA in Finance in the USA - Best Universities.webp
MBA in Finance programs are created to provide students with a thorough understanding of financial principles, quantitative capabilities and decision-making ability. These programs cover various topics in Finance, such as corporate finance, investment management, and financial markets. Masters of Finance graduates are well-prepared to take on administration roles in the financial industry, including investment banks, asset management firms and economic consulting organizations.

This blog section explores the reasons to pursue MBA in Finance, the top courses for MBA in finance programs in the USA, and the eligibility criteria for admission to these programs.

What exactly is an MBA in Finance?

An (MBA) Master of Business Administration in Finance is a specialized Master of Business Administration degree program focusing on acquiring skills in finance-related areas. It integrates essential business knowledge and abilities with a profound understanding of financial principles, practices, and strategies.

A typical MBA in Finance program includes financial management, investment analysis, corporate finance, risk management, financial markets, financial accounting, and financial reporting. The program aims to provide students with the abilities to make financial decisions, analyze and evaluate financial data, manage investments, and comprehend the complexity of the financial world.

Why pursue an MBA in Finance in the USA?

There are many reasons why students choose to pursue an MBA in Finance in the USA. Here are some of the reasons:

•    Reputation and Prestige:
The USA is home to many top-ranked colleges and business schools with a solid reputation for providing high-quality education. An MBA in Finance from a reputable university can open doors to various employment prospects.
•    Opportunities for Entrepreneurship:
The USA is well-known for its entrepreneurial atmosphere and start-up ecology. Studying for an MBA in Finance in the USA can give young entrepreneurs the knowledge and skills to start businesses.
•    Opportunities for Networking:
Opportunities for Networking: Business schools in the USA frequently have significant opportunities, including alums, faculty, and professional connections. These networks can provide essential networking, guidance and jobs.

Best Universities/Courses for MBA in Finance in the USA:

Below are some of the universities that offer MBA in Finance in the USA for international students:

UniversitiesProgramsDuration
EDUCO - The University of West AlabamaMaster of Business Administration in Finance Emphasis24 months
MSM Group - Pacific States UniversityMaster of Business Administration with a Concentration in Finance36 months
University of New HavenMaster of Business Administration with Concentration in Management Finance12 months
Enrollment Advisory Group - Nova Southeastern University - Davie CampusMaster of Business Administration in Finance24 months
The University of TampaMaster of Business Administration, Concentration in Finance24 months
Devry UniversityMaster of Business Administration, Specialization in Finance24 months
Global University Systems (GUS) - Concordia University ChicagoMaster of Business Administration with Specialization in Finance24 months
Study Group - DePaul UniversityMaster of Business Administration in Finance24 months
University of St. FrancisMaster of Business Administration, Concentrations in Finance18 months
University of Massachusetts LowellMaster of Business Administration with Concentration in Finance Option(STEM)24 months
Southern New Hampshire UniversityMaster of Business Administration with a Concentration in Finance
12 months
INTO Group - Hofstra UniversityMaster of Business Administration in Finance24 months
New York Institute of Technology - New York - Long Island CampusMaster of Business Administration in Finance (STEM)24 months
State University of New York at Albany
Master of Business Administration with a Concentration in Finance24 months
Study Group - Long Island University BrooklynMaster in Business Administration - Finance24 months

Click here to learn more about STEM programs.

MBA in Finance in the USA- Eligibility Criteria:

Candidates must meet particular requirements to be enrolled in an MBA- Finance program. While the specific eligibility criteria for each program may differ, the following are general requirements for most Finance MBA programs:

  • Students must hold a bachelor's degree from an approved institution, especially in business, Finance, or economics.
  • Students must have a minimum academic requirement to enrol in an MBA finance program, i.e. 3.0 GPA equal to 60% or above.
  • Universities in the USA also accept GMAT/GRE scores based on the program the applicant desires.
  • Strong analytical and quantitative skills, as evidenced by coursework or professional experience
  • Applicant must demonstrate English proficiency test with a minimum score of:

Test ScoreMinimum score
IELTS6.5
TOEFL80
PTE53
DUOLINGO120
Also Read: IELTS Band Requirement for USA

Documents Required:
To get enrol, applicants need some additional documents to be submitted during the application process:

MBA in Finance in the USA - Application Process:

The application procedure for Masters in Finance programs is challenging as these programs attract outstanding applicants worldwide. Below is the application process for MBA in Finance in the USA:

  • Search and choose courses and universities that offer MBA in Finance.
  • Visit the university's official website to understand the admissions requirements.
  • Pay the application fees for the preferred university programs.
  • Complete the online application to reserve a spot.
  • Ensure that all necessary documents are uploaded before the application deadline.
  • Attend interviews (if needed).
  • Once the application has been approved, prepare cash and apply for a visa.

Before applying, students must check the program deadline for international students.

MBA in Finance in the USA- Scholarships:

MBA in Finance can be a substantial financial investment. However, financial aid and scholarships are available to help alleviate the load. Here are some of the scholarships:

  • Fulbright Program
  • The Margaret McNamara Memorial Fund
  • Emerging Economy Fellowships
  • Social Impact Fellowships
  • Joseph Wharton Fellowships
  • John C. Phelan Forward Fellowship
  • Horace W. Goldsmith Fellowship
  • George Leadership Fellowship
  • The Robert S. Kaplan Life Sciences Fellowship

MBA in Finance in the USA - Career Opportunities:

An MBA in Finance opens the door to various job prospects in the finance business in the USA. Here are some job prospects for graduates:

JobsRoles
Investment Banking•    Providing financial advisory services.
•    Assisting with buying and selling
Corporate Finance•    Managing financial planning and analysis.
•    They are involved in financial strategy, risk management and more.
Financial Consulting•    Provide advisory services to clients.
•    Assist with financial analysis, strategic planning and more.
Risk Management•    Develop risk management strategies.
•    Manage financial derivatives.
Financial Analysis•    Conduct financial modelling.
•    Evaluate investment opportunities.

Conclusion:
In conclusion, MBA in Finance can be a powerful tool for unlocking potential and propelling a career in the finance industry. While choosing, consider the factors discussed – program, eligibility criteria, career prospects and scholarships. With the right program, students can gain the skills, knowledge, and connections needed to excel in the competitive world of Finance. Still have any queries, visit the nearest Canam office or schedule a video counselling appointment with our study abroad professional counsellors to study in the USA  and explore the path to an MBA in Finance.

FAQ

Applicants must hold an undergraduate degree in Finance or an equivalent degree.
An individual can choose to work as an investment banker, corporate Finance, Financial Analysis and more.
The United States is, without a doubt, one of the best countries for a finance career. The finance business is vast and diverse, including opportunities in investment banking.
Applicant must have 3 to 4 years of bachelor's degree in a related field with a grade point average (GPA) of 3.0 =65% or more.
Usually, Finance, marketing, human resources, operations, and entrepreneurship are the most desirable and top MBA specializations. It depends on the students which field they want to choose.
A Master's program typically lasts between 1-2 years. It is determined by the university program that students desire to pursue.

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