Top US Universities for MS in Finance

As technological advancements continue to revolutionise the finance industry, pursuing a career in finance has become a promising option with exponential growth potential. An MS in Finance program provides students with the skills and knowledge required for success in this field, with a curriculum focusing on critical areas such as mergers and acquisitions, investment and banking, financial analytics, and more. 

This article highlights the top US universities for finance, including prerequisites, curriculum, tuition fees, required documents, and potential career prospects after completing an MS in Finance. 

Top US universities for Finance

The United States is known for housing some of the best MS in Finance degrees and Financial Engineering degree programs in the world. Aspiring students can explore prestigious schools like 

  1. MIT Sloan School of Management
  2. UC Berkeley Haas School of Business
  3. UCLA Anderson School of Management
  4. McCombs School of Business
  5. Illinois Gies College of Business. 

These schools have a long-standing reputation for providing quality education and preparing students for successful careers in the finance industry. With courses ranging from 12-18 months to 15 months, they equip students with the knowledge and skills needed to solve complex financial challenges.

What Are the Finance Master’s Degree Requirements?

Let’s look at the criteria that these top US universities for finance ask the aspirants to fulfil. This includes scores from standardized tests such as GPA, IELTS, TOEFL, GRE, and GMAT. The scores tend to differ for each college, but the general requirement is a bachelor’s degree from a recognized university with 80% or higher marks in a relevant field of study.

  •  MIT Sloan School of Management 
Exam Criteria
GPA 3.7 (90%-92%)
GRE 320
GMAT 700-770


  • UC Berkeley Haas School of Business 
Exam Criteria
GPA 3.42-3.90 (85%-93%)
GRE 320
GMAT 680-760


  • UCLA Anderson School of Management
Exam Criteria
GPA 3.5 (91%)
GRE 320
GMAT 716


  • McCombs School of Business 
Exam Criteria
GPA 3.85 (92%-93%)
GRE 327
GMAT 686


  • Illinois Gies College of Business
Exam Criteria
GPA 3.41 (92%-93%)
GRE 317
GMAT 696

What Is The Curriculum Offered?

The financial sector is critical to any economy, and top MS in Finance degrees offer globally relevant curricula on financial risk management, investment management programs, financial analysis, corporate finance specializations, and quantitative finance. 


  • MIT Sloan’s MFin which covers corporate finance and financial markets.
  • Berkeley Haas’s MFE, which focuses on investments and derivatives.
  • UCLA Anderson’s financial analysis courses.
  • McCombs School of Business’s corporate finance specializations
  • Illinois Gies College of Business’s quantitative finance programs combine Maths, Statistics, and Analytical Techniques specific to Finance.

What Are the Tuition Fees for MS in Finance Programs?

Tuition fees are an important factor to consider when selecting a college. Average annual tuition fees for MS in Finance programs range from $19,000 to $80,000. For example, the MIT Sloan School of Management charges $77,168 annually, the UC Berkeley Haas School of Business charges $70,000, the UCLA Anderson School of Management charges $31,949, the McCombs School of Business charges $38,326 annually, and the Illinois Gies College of Business charges $54,646 annually.

What Are the Scholarships for MS in Finance Programs?

Numerous colleges provide scholarships to help students afford education, and the US government also offers scholarships, grants, and fellowships based on merit for international students. MIT Sloan School of Management has OGE fellowships that partially waive tuition fees. 

UC Berkeley Haas offers the Changchun “Arthur” Qi Book Scholarship, providing a $1,000 scholarship. At UCLA Anderson School of Management, the Inlaks Shivdasani Foundation Scholarship can waive up to $100,000, and Gies College of Business offers the Golden Scholarship that covers partial tuition expenses.

What Documents Are Required for the Application Process?

For admission to a Master’s in Finance program, various documents are necessary, which vary according to the university. Some of the essential documents required include exam scorecards for the GMAT, GRE, TOEFL, etc., an admission application form, academic transcripts from past institutions, letters of recommendation, a personal essay, a statement of purpose, a resume, and payment of a non-refundable admission application fee.

What Are the Potential Career Opportunities?

The financial sector has some truly lucrative job opportunities, which help finance graduates pave a path with a global impact. The choice of school will also determine the profile and the recruiter the candidate may get an offer from

  • MIT Sloan has recruiters such as Goldman Sachs, Barclays, Alphadyne Asset Management, and JP Morgan Chase & Co.
  • UC Berkeley Haas School of Business top recruiters include Morgan Stanley, Airbnb, Netflix, Nike, EY, UberEats
  • UCLA Anderson School of Management boasts of recruiters like Citigroup, Bank of Hope, Sancus Capital, Travix, and Aspen Capital
  • McCombs School of Business has recruiters like Wells Fargo, Deloitte, and Dimensional Fund Advisors
  • Gies College of Business has recruiters such as Enfusion, Bloomberg, PwC, KPMG, and Nanhua. 


In conclusion, pursuing an MS in Finance from a top university can open up a world of opportunities for students. With enhanced prospects in terms of employer value, job profile, and salary, a world-class degree in finance can be a stepping stone to a successful career. While many universities offer this degree, it is crucial to choose the right school that meets your needs and criteria. By doing so, you can benefit from a solid academic foundation and pave the way for numerous career opportunities in the finance industry.

ALLEN Career Institute is committed to providing quality education and equipping students with the necessary skills to succeed in their chosen careers. With over three decades of experience in the education sector, we have established a strong reputation for excellence. Our focus is to empower students with the knowledge and expertise they need to achieve their aspirations.

To support students in their global academic pursuits, we offer the ALLEN Global Studies Division. Our team of experts provides personalized guidance to students, helping them select the right universities and programs that align with their career goals. We also offer comprehensive assistance with the admission and application processes to ensure a smooth transition to studying abroad.

 ALLEN Global Studies Division is dedicated to helping students achieve their dreams of studying abroad and excelling in their careers. As part of our commitment to providing comprehensive support to students, we offer guidance at some of the top US universities for an MS in Finance. Pursuing an MS in Finance can be a highly lucrative career choice due to the exponential growth in the world of finance, driven by rapid technological advancements.

Our experienced team works closely with students to identify the best universities and programs for their needs and to guide them through the application and admission process. We also provide test preparation, expert career counselling, assistance with student visa applications, and travel arrangements to ensure students have a seamless journey.

Frequently Asked Questions

What is the duration of a Master's in Finance in the USA?

The duration of an MS in Finance may range from 10 to 18 months, depending upon the university and course chosen.

Is the GRE required for an MS in Finance in the USA?

While the GRE is not mandatory, aspirants must submit either GMAT or GRE scores for their application process. The GMAT or GRE scores vary based on each college.

Is MS Finance equivalent to an MBA?

MS Finance, compared to an MBA in finance, is more focused on the financial aspect than the managerial implications of finance. MS Finance helps students deep-dive into the world of finance, creating a strong footing.

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