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

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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.

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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

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