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

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  • read time3 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. 

MS in Finance in USA.webp
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:

UniversityLocation Descriptions
Arizona State UniversityTempe, ArizonaASU 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 ArizonaTucson, ArizonaThe University of Arizona is noted for its analytical focus. The MS in Finance here melds rigorous research with practical application. 
University of the PacificStockton, CaliforniaThe 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 UniversityFort Collins, ColoradoCSU’s College of Business has a comprehensive MS in Finance program that embraces ethical perspectives and global awareness in finance.
Stevens Institute of TechnologyHoboken, New JerseyKnown 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
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: