Nearly 40% of prospective MBA students are targeting a career in finance, many of them vying for the highest-paying finance jobs at companies like Goldman Sachs and JP Morgan.
A top finance MBA can help you improve your management skills, network, and create vital professional connections that can help you build a successful finance career.
But with so many prestigious MBA programs offering finance specializations and modules, it can be hard to decide which is the best for you.
Here are the 10 best business schools for finance in the USA, ranked by US News.
Best Business Schools for Finance
Deans and directors from AACSB-accredited business schools were asked to nominate MBA programs for excellence in finance. Here’s the top 10:
10. University of California, The Anderson School of Management
The Anderson School of Management offers a finance specialization in their MBA, which focuses on financial markets, investment, risk, return, and how money managers make portfolio decisions.
In 2020, approximately 19% of Anderson MBA students were hired into finance roles across a variety of industries. Employers such as Bank of America, Citi and Wells Fargo have hired Anderson MBAs.
9. University of Michigan, The Stephen M. Ross School of Business
The University of Michigan’s business school—The Stephen M. Ross School of Business — offers specializations in a variety of areas including engineering, finance, management, international business, and more.
After completing a full-time MBA in the class of 2021 15.5% of students went on to a role in financial services. Some alumni have gone on to work in important roles at Barclays and Citi.
8. University of California, Berkeley Haas
This Bay Area institution draws together finance, technology, entrepreneurship, and business in their MBA program. MBA students lead finance, investment, and venture capital clubs and take part in huge competitions.
In 2021, 12.3% of the Berkeley Haas MBA class went into financial services and the median base salary was $150k.
7. Harvard Business School
One of the most well-known business schools in the world and one of the famous M7 business schools, Harvard Business School gives students a hands-on MBA education across a variety of industries.
33% of the Harvard MBA class of 2021 went into financial roles. The median base salary of a Harvard MBA grad is $150,500.
VC and PE firms like Active Ownership Capital and Consonance Capital Partners hire MBAs from Harvard.
6. Stanford Graduate School of Business
Another member of the exclusive M7, Stanford Graduate School of Business has a long history of producing impressive alumni, and inspiring important start ups like Snapchat, Instagram, and StubHub. Stanford MBA grads also earn big salaries. One third of 2021 graduates went into finance roles, earning a median base salary of $175k.
5. MIT Sloan School of Management
The MBA at Sloan School of Management offers an optional certificate in finance intended for those looking for a career change and those more experienced in the finance world.
Combining financial core skills, an understanding of financial institutions and an overview of opportunities, the course aims to give a rounded financial education.
21.4% of MIT Sloan MBA graduates went into finance jobs in 2021 and earned a median base salary of $150k.
4. Columbia Business School
Columbia Business School has strong links to Wall Street and a track record of educating grads to be well-versed in finance. Columbia has elective classes in advanced corporate finance, capital markets and assessments, and real estate finance.
36% of 2021 MBAs went into financial jobs at institutions like 17Capital, American Century Investments and Charge Venture Capital.
3. New York University, Stern School of Business
New York Stern’s finance specialization has a keen focus on bankruptcy, equity markets, futures and option, volatility, valuation, and behavioural finance. MBA students gain an understanding of asset management, and corporate finance that makes them far more employable in the finance sector.
The class of 2021 saw 35% of graduates go into finance roles, earning impressive signing bonuses of $50k on average.
2. University of Chicago, Booth School of Business
Chicago Booth has impressive corporate finance offerings and endeavours to prepare students for the business world with investment courses and a focus on financial risk. With leading scholars such as Nobel laureates Eugene F Fama and Lars Peter Hansen leading the curriculum, students are in good stead for success.
Out of those studying the full-time MBA program, 27% went into finance roles, earning a median base-salary of $160k.
1. University of Pennsylvania, The Wharton School
Wharton is a top-ranked business school that prepares students for impressive finance careers in asset management, broker-dealing, and investment banking using their core courses in corporate finance and macroeconomics.
12.9% of graduates in 2021 went into investment banking, 3.7% went into investment management, and 11.1% went into private equity. Median salaries for those in private equity are around $167,500.
All images sourced from school Facebook pages
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