Study MS in Finance in the USA

Did you know the finance industry in the USA is expected to grow 16% by 2032? This faster-than-average industry growth is the reason for the increasing number of students enrolling for an MS in Finance in the USA.

Reflecting the importance of the finance sector and its need for skilled professionals, it calls for passionate individuals. If you are ambitious about building a rewarding career in finance, then a Master’s in Finance in the USA is your chance.

Let’s explore the best universities for an MS in Finance in the USA.

Here’s why you should opt for a Master of Science in Finance in the USA:

• Top-ranked universities: Housing some of the best universities for an MS in Finance in the USA, it offers unparalleled programs to its students. Equipped with esteemed faculty and cutting-edge curriculum, the state has some of the world’s most prestigious and top-ranked universities.
• Real-world experience: Work study arrangements are quite common in the USA, making it the ideal place to study finance. When pursuing a Masters in Finance in the USA you can easily work at one or more internships and connect with the top players of your field.
• Diversity and Networking: Studying in the USA allows students to connect with a diverse student body from across the globe. Creating invaluable networking opportunities among peers, these MS in Finance in the USA top universities help propel your career forward.
• Focus on innovation: US universities are known for their commitment to innovation and practical learning. The best universities for Masters in Finance in the USA equip their students with unique skills and knowledge.
• Lucrative career prospects: The universities in the US hold regular college fairs and workshops with guest speakers to help their graduates figure out their career paths. With exciting careers in investment banking, financial planning, risk management, and more Masters in Finance in the USA, it opens multiple doors for graduates.

The eligibility criteria for an MS in Finance in the USA are specific to each university. To be considered for admission into your dream university, you will be required to meet the Masters in Finance in the USA requirements for the university.

Here’s a general breakdown of the key areas of requirements which is common to most universities:

Academic Prerequisites

• Bachelor’s Degree: An undergraduate degree of 3 years or 4 years (as applicable) from a recognised institute in finance, economics, mathematics, or a related field.
• Minimum GPA: Usually, a minimum GPA of 2.0- 3.0 on a 4.0 scale or its equivalent is required for a Master of Science in Finance in the USA. However, this requirement may vary according to the university.
• Prerequisite Knowledge: There isn’t any particular prerequisite knowledge requirement to study an MS in Finance in the USA. However, it is recommended to have a strong grasp of accounting, mathematics, English, and communication.
• Standardised Tests: As per the university, students may require a minimum score of 250+ in the GRE or a minimum score of 600+ in the GMAT.

Language Proficiency

English Language Tests:

• IELTS: A minimum overall score ranging from 7.0 to 9.0 (as per the university) is required, with no band less than 6.0-7.0
• TOEFL: A minimum score of 90+ is required.
• Duolingo Test: A minimum score of 100-120 is advised for admission to Masters in Finance in the USA for international students.
• Exemption: Internal applicants may get exempted from some universities under certain circumstances, such as proof of previous education in English.

Documentation Required

International students usually require the following documents to enrol in the best universities for an MS in Finance in the USA:

• Transcripts: Official academic transcripts from the previously attended university.
• Degree Certificate: Proof of completion of your undergraduate degree.
• Letter of Recommendation (LORs): Universities may ask for up to three letters from academic or professional references.
• Statement of Purpose (SOP): A well-detailed SOP discussing your interest in the course and your future aspirations.
• Resume/ CV: An updated resume that highlights your achievements, work experience, and other relevant skills.
• Funding proof: A proof of funding like your bank account statement to ensure you can fund your expenses and education.
• Application fee receipt: A paid receipt of a non-refundable application fee.
• Language proficiency test scores: A copy of your given English Language Proficiency test results or proof of previous education in English for exemption.
• Entrance test results: Results from standardised tests such as GRE.
• A video essay or questions (per the university requirements): Some universities may require you to film a video essay or fill out a questionnaire for the screening interview.

Visa Requirements

• Student Visa ( F or M) ( DS-160 form):
• Confirmation of Enrolment (CoE): The acceptance letter in a recognised US institute.
• Financial Proof: Evidence of strong funding to cover tuition and other expenses like travel, health insurance, and more.
• Overseas Student Health Cover (OSHC): Health insurance for an F-1 visa isn’t mandatory in the USA. Depending on the policy, a university may ask a student to purchase medical insurance.
• Passport validity: The student's passport needs to be valid for a minimum of 6 months beyond the stay in the USA.

Meeting these requirements is essential to ensure a successful application to an MS in Finance in the USA. Make sure to check your university website for specific requirements and deadlines to be prepared well in advance.

The application process for an MS in Finance in the USA might seem daunting, but you don’t need to worry. With the following step-by-step guide, you can navigate your application process smoothly:

• Researching universities: Explore all the universities offering an MS in Finance in the USA program. Do your research and compare their curriculum, ranking, location, specialisations, and more to find your best fit. Choose the university that best suits your academic and professional goals.
• Review requirements: Carefully review the admission requirements of your chosen university to ensure you meet all the necessary criteria.
• Funding options: Explore scholarships and financial aid before applying to ease your financial burden.
• Tests: Prepare for the required tests like GRE or IELTS and take them well in advance of application deadlines.
• Strengthen your application: Create a compelling statement of purpose highlighting your academic background, career aspirations, and reasons for pursuing an MS in Finance in the USA.
• Gather the documents: Collect all the required documents for the application and visa process, such as academic transcripts, passport, and more.
• Submit applications: Submit your application proactively before the deadline set by the university.
• Interview preparation: If required, prepare for an interview with the university representatives to showcase your soft skills.
• Secure your visa: Once accepted, you must research and apply for an appropriate student visa to complete your application process.

There are multiple universities for an MS in Finance in the USA. International students can choose from among these best universities to pursue their goals in finance:

Related Article: Top Universities to Studying in USA

The cost of studying an MS in Finance in the USA for Indian students varies according to their university, location, and lifestyle. The average tuition fee for international students in the USA is detailed below:

• Living Expenses: The living cost varies by the city and the student's lifestyle, but on average, students can expect to spend approximately INR 8,39,920 to INR 20,99,800 (USD 10,000 - 25,000) per year.
• Accommodation: Housing costs range as per the city and can cost anywhere from INR 50,395 to INR 2,51,976 (USD 600 - 3,000) per month.
• Food: The cost of groceries per month can be approximately INR 3,779 to INR 83,99 (USD 45 - 100).
• Visa Fees: A one-time SEVIS fee or Student and Exchange Visitor Program fee of INR 29,397 (USD 350) needs to be paid.
• Healthcare: Though health insurance depends entirely on university policies, a singular visit to the doctor for a regular checkup can cost you around INR 9,239 to INR 13,018 (USD 110 - 155).
• Transportation: Depending on the city, a monthly bus pass can cost you somewhere between INR 3,779 and 83,99 (USD 45 - 100).

By understanding these costs, you can budget better for your time in the States and ensure a smooth journey.

Related Article: Cost Of Living in USA Cost Of Studying in USA

Several scholarships and financial aid are available to help Indian students enrol in an MS in Finance in the USA. Here are some of the popular options:

Related Article: USA Scholarship

A Masters in Finance in the USA opens doors to opportunities with a lucrative range of career options like:

Pursuing an MS in Finance in the USA can be an investment with amazing returns and rewards in the future. It provides students with multiple career prospects and growth opportunities. While the costs involved in studying are significant, the return awarded by career opportunities makes it worth the endeavour. There are multiple scholarships available for postgraduate students to fund their education.

You can contact us at AECC Global today and start planning your successful career in finance with expert assistance. The AECC team has years of experience to guide you properly on your MS in Finance in the USA journey. Contact us now and kickstart your dream of studying abroad.