When it comes to pursuing a Master of Science in Finance (MFin), the United States offers some of the most prestigious and competitive programs in the world. With the demand for finance professionals continually rising, the right education can set you on the path to a lucrative career. In this guide, we will explore the top colleges in USA for MS in Finance, focusing on key statistics that make these programs stand out.
Why Pursue an MS in Finance in the USA?
The USA remains a top destination for international students seeking advanced finance education. Programs here are known for their rigorous curriculum, emphasis on real-world applications, and connections with top financial institutions.
Graduates from any of the top colleges in USA for MS in Finance often secure high-paying jobs in fields like investment banking, asset management, and corporate finance.
Average Tuition: $44,000 - $50,000 per year
Average Living Expenses: $15,000 - $20,000 per year
Average GMAT Score for Admission: 650 - 720
Average Starting Salary: $80,000 - $120,000
Top Colleges in USA for MS in Finance: Best 7
Here’s a closer look at some of the top colleges in USA for MS in Finance, including their tuition fees, average GMAT scores, program duration, and expected salaries upon graduation.
Massachusetts Institute of Technology (MIT)
MIT’s Master of Finance program is renowned for its rigorous curriculum and strong emphasis on quantitative skills.
The program can be completed in either 12 or 18 months, making it flexible for students with different career goals.
Graduates often secure roles in top financial firms and have a strong return on investment, with starting salaries averaging $110,991.
Program Duration: 18 months
Tuition Fees: $120,400
Average GMAT Score: 700
Average Starting Salary: $110,991
Princeton University
Princeton’s MS in Finance program is highly selective, offering a blend of theoretical knowledge and practical skills.
The program’s alumni network is particularly strong, helping graduates achieve impressive starting salaries averaging $199,000, one of the highest among top colleges in USA for MS in Finance.
Program Duration: 2 years
Tuition Fees: $62,860
Average GMAT Score: N/A
Average Starting Salary: $199,000
New York University (NYU) Stern
NYU Stern’s MS in Finance program is known for its focus on emerging financial technologies, including machine learning and AI.
Located in New York City, the program offers unparalleled access to the financial industry, with graduates earning average starting salaries of $119,115.
Program Duration: 12 months
Tuition Fees: $85,500
Average GMAT Score: N/A
Average Starting Salary: $119,115
University of Texas at Austin (McCombs School of Business)
The McCombs School of Business offers a fast-paced 10-month program that prepares students for careers in investment banking, corporate finance, and more.
The program’s practical approach and strong ties to the finance industry make it one of the top colleges in USA for MS in Finance.
Program Duration: 10 months
Tuition Fees: $53,000
Average GMAT Score: 660
Average Starting Salary: $81,055
University of Illinois Urbana-Champaign
The University of Illinois offers a specialized MS in Financial Engineering that focuses on data analytics and electronic trading.
Graduates from this program are well-equipped to tackle the challenges of modern finance, with starting salaries averaging $70,842.
Program Duration: 15 months
Tuition Fees: $72,963
Average GMAT Score: 686
Average Starting Salary: $70,842
University of Maryland (Robert H. Smith School of Business)
The University of Maryland’s MS in Finance program is strategically located near major financial hubs, providing students with ample internship and networking opportunities.
The program’s strong curriculum and industry connections make it a top choice for those looking to advance their finance careers.
Program Duration: 1.5 - 2 years
Tuition Fees: $2,115 per credit
Average GMAT Score: 658
Average Starting Salary: $83,000
Fordham University
Fordham University offers a comprehensive MS in Finance program that emphasizes both technical skills and ethical leadership. Graduates often find roles in consulting, financial services, and technology, with starting salaries averaging $71,734.
Program Duration: 1 year
Tuition Fees: $65,136
Average GMAT Score: 670
Average Starting Salary: $71,734
The Financial Commitment
Pursuing a degree from one of the top colleges in USA for MS in Finance is a significant financial commitment.
On average, students can expect to spend between $60,000 to $100,000 on tuition alone, depending on the institution and program length.
Additionally, living expenses can range from $15,000 to $20,000 per year, with costs varying based on location.
Scholarships and Financial Aid
Many top colleges in USA for MS in Finance offer scholarships based on merit, need, or specific criteria such as nationality or academic performance.
Scholarships can range from partial to full tuition coverage, significantly reducing the financial burden on students.
If you wish to secure any scholarship, research and apply for it as early as possible.
Conclusion
The top colleges in USA for MS in Finance offer world-class education, strong industry connections, and excellent career prospects. Whether you’re aiming for a role in investment banking, asset management, or corporate finance, these programs provide the foundation you need to succeed.
With tuition fees, GMAT scores, and starting salaries varying widely, you must choose a program that aligns best with your career goals and financial situation.
