Logo BusinessBecause - The business school voice
mobile search icon

Is A Master In Finance Worth It?

The Master in Finance is among the most popular graduate business school degrees. But are Masters in Finance worth the investment?

Fri Aug 5 2022

BusinessBecause

The Master in Finance (MiF) is one of the most popular graduate business degrees, with over 35% of programs reporting a growth in applications in 2021. 

While many of the best Masters in Finance programs can be found at European business schools—at top schools like HEC Paris, ESCP Business School, and ESSEC Business School—MiF programs are increasingly found in Asia and the United States. 

Like other business school degrees, a Master in Finance doesn’t come cheap. European programs like the Master of International Finance at HEC Paris come in at around $37k in tuition, while US MiF programs like that at MIT Sloan cost in excess of $86k. 

So, is a Master in Finance degree worth it? 


MiF jobs | Working for top financial institutions


05383c94ff25727719597bc65d0e11a1597cc7bb.jpg

©lucky-photographer


Many of the first MiF programs in France, such as HEC Paris and ESCP Business School, were set up by French chambers of commerce in order to create the next generation of leaders in the financial industry. 

“MiF degrees are very focused on the theoretical aspects of all things finance. With such a focused approach, candidates end up with very strong fundamentals in finance-related fields,” explains Piyush Ranjan, founder of admissions consultancy Management Masters.

As a path into top jobs at the world’s leading financial institutions, a Master in Finance is still second to none. At HEC Paris, consistently ranked as the world’s best Master in Finance program according to the Financial Times, companies like Goldman Sachs, JP Morgan, and BlackRock are among the top employers of MiF graduates. 

The same goes for top-ranked programs like MIT Sloan in the US and Shanghai Advanced Institute of Finance in China. They act as stepping stones to financial hubs like Wall Street or the Shanghai Stock Exchange. 

Clement Dumur, a Master in Finance graduate from HKUST Business School, landed an investment management job at Credit Suisse after graduation. He often leans on the expertise he gained from the program. 

“Many of my clients don’t know much about finance, and I have to explain a lot of concepts,” he explains. “The way I do this has been influenced by my teachers at HKUST, who made things very accessible.”


READ: What Can You Do With A Master In Finance? 

ff7e9e9066def3932b95075424226355393ed660.png ©Jirapong Manustrong/iStock


MiF jobs | Alternative job opportunities in finance


Not all graduates take up conventional roles in investment banking or wealth management. Increasingly, Masters in Finance programs offer students an insight into alternative sections of finance. 

Fintech is a popular subject area, and is attracting more attention for those looking to combine an interest in technology with a financial specialization. Private equity and venture capital are other areas that are increasingly popular with MiF grads. 

Jerome Troiano, careers director for masters programs at EDHEC Business School, believes the strength of a Master in Finance is the options it opens up for graduates. 

“You can apply these skills in almost any industry across a wide range of positions. You’re able to have both international mobility and to move from one sector to another. When you think about it, there are few functions that can allow this.”


Download Our Master's Survival Kit 2022 

63b3e13a0e914e103ce2237a49d391b3c1cd6f10.jpeg


The public sector also remains popular for students from a Master in Finance background. Bocconi MiF graduate Elena Falcettoni is now an economist at the US Federal Reserve, working to widen access to healthcare. 

“My MSc in Finance was very practical, using very quantitative tools to address real life issues,” she says. “As an applied economist, that’s what I’m still doing, just at a higher level.”


Master in Finance | Salaries & Career Progress


Among specialized master’s programs, Masters in Finance graduates earn some of the highest salaries. The latest Corporate Recruiters Survey by the Graduate Management Admission Council (GMAC) found the median starting salary for US MiF graduates to be $110k. 

Within three years of graduating, this tends to increase quite quickly. MIT Sloan graduates are the best paid, and can expect to earn around $174k annually. Top-ranked HEC Paris also sees grads earn above $170k. 

Graduates from Chinese schools are increasingly well compensated, with the advantage of tapping into China’s booming economy and financial industry. MiF graduates from Tsinghua University, Shanghai Advanced Institute of Finance can also expect salaries above $170k, while Peking University grads typically earn in excess of $150k. 

If you're looking to strengthen your employability and unlock higher salaries a Master in Finance is sure to be a good investment. 


Next Read:

Master's Survival Kit: 10 Things You Should Know Before Going To Business School

Student Reviews

Bocconi University

Edoardo

Verified

25/01/2022

Blended

Everything was great ( apart from the covid part)

I really enjoyed this experience because I built a really strong relationship with other students and professors. This fact has permitted me to grow as a person and also to improve my academic background by confronting myself with other people. I would encourage Bocconi to create a new method of exams for online courses (I have experienced it during the covid-19 period) because they could not manage to control and to avoid shameless situations such as software breakdowns just before the exams.

Student

Verified

8/11/2021

On Campus

Amazing course

The workload is really heavy, but that’s the only way to prepare students for the job market. Bocconi offers also many services to help students kick off their careers. Overall, Bocconi University Masters Degree is the best option for ambitious students and the best choice among Italian and maybe European universities.

Student

Verified

24/07/2020

A great experience

A fundamental experience to understand what I want to do in life. In the three years I attended Bocconi University, I laid the foundations for my business education. I will always be grateful to it. I absolutely recommend it.

Alessandra

Verified

26/06/2020

Bocconi: Italian Quality

The great thing about this University is that it is one of the few Italian universities offering such international programs. My course is unique and doesn't exist anywhere else, so if you like arts and economics, Bocconi is the best place. The course provides both subjects concerning arts/philosophy, and ones more related to economics. Personally, I have decided to follow a different path because I am not so interested in working in this specific field, but this course is totally worth it if you want to work in a creative industry. Indeed, it gives people with a passion for luxury, arts and so on with a complete knowledge concerning management. The best part has been the great support offered by the University in every aspect, going from on-campus facilities to monthly job fairs to better understand the kind of career we want to pursue. This is often taken for granted in Italian universities.

Student

Verified

25/05/2020

Professional and amazing

Very well organized university. I have studied Financial management and I graduated with 108/110. The teachers are really good and professional. The university has all the facilities and the services are professional. I really enjoyed studying in a professional and international environment. Bocconi has played an important role in finding my actual job!

Student

Verified

28/10/2019

Great university which gives wonderful placement opportunities.

I really like Bocconi. What I appreciated the most was the high level of teaching and the opportunities given in terms of placement and networking connections. I strongly recommend this university if you want to pursue a great working career.

Student

Verified

27/10/2019

Beautiful environment

Beautiful community of students with lots of opportunities for in-campus activities. The university offers 8 residences near the campus, perfect for freshmen at the first year in Milan. Professors are very prepared and always ready to help students

Student

Verified

24/03/2018

An outstanding university

The great efficiency and organization, the high quality of teaching, and the possibility to take part in many interesting and useful experiences make Bocconi University stand out. It distinguishes itself from the Italian academic background. Many people say Bocconi is too stressful, but to me, it’s worth it.

Student

Verified

20/03/2018

Excellent

Bocconi is outstanding university. Among the best in Italy. The international franework helps students to get involved in projects/associations that enrich the campus. I study law and i’ m happy about my 4 years and experiences that i had the opportunity to

Edoardo

Verified

25/01/2022

Blended

Everything was great ( apart from the covid part)

I really enjoyed this experience because I built a really strong relationship with other students and professors. This fact has permitted me to grow as a person and also to improve my academic background by confronting myself with other people. I would encourage Bocconi to create a new method of exams for online courses (I have experienced it during the covid-19 period) because they could not manage to control and to avoid shameless situations such as software breakdowns just before the exams.

Student

Verified

8/11/2021

On Campus

Amazing course

The workload is really heavy, but that’s the only way to prepare students for the job market. Bocconi offers also many services to help students kick off their careers. Overall, Bocconi University Masters Degree is the best option for ambitious students and the best choice among Italian and maybe European universities.

Student

Verified

24/07/2020

A great experience

A fundamental experience to understand what I want to do in life. In the three years I attended Bocconi University, I laid the foundations for my business education. I will always be grateful to it. I absolutely recommend it.

Alessandra

Verified

26/06/2020

Bocconi: Italian Quality

The great thing about this University is that it is one of the few Italian universities offering such international programs. My course is unique and doesn't exist anywhere else, so if you like arts and economics, Bocconi is the best place. The course provides both subjects concerning arts/philosophy, and ones more related to economics. Personally, I have decided to follow a different path because I am not so interested in working in this specific field, but this course is totally worth it if you want to work in a creative industry. Indeed, it gives people with a passion for luxury, arts and so on with a complete knowledge concerning management. The best part has been the great support offered by the University in every aspect, going from on-campus facilities to monthly job fairs to better understand the kind of career we want to pursue. This is often taken for granted in Italian universities.

Student

Verified

25/05/2020

Professional and amazing

Very well organized university. I have studied Financial management and I graduated with 108/110. The teachers are really good and professional. The university has all the facilities and the services are professional. I really enjoyed studying in a professional and international environment. Bocconi has played an important role in finding my actual job!

Student

Verified

28/10/2019

Great university which gives wonderful placement opportunities.

I really like Bocconi. What I appreciated the most was the high level of teaching and the opportunities given in terms of placement and networking connections. I strongly recommend this university if you want to pursue a great working career.

Student

Verified

27/10/2019

Beautiful environment

Beautiful community of students with lots of opportunities for in-campus activities. The university offers 8 residences near the campus, perfect for freshmen at the first year in Milan. Professors are very prepared and always ready to help students

Student

Verified

24/03/2018

An outstanding university

The great efficiency and organization, the high quality of teaching, and the possibility to take part in many interesting and useful experiences make Bocconi University stand out. It distinguishes itself from the Italian academic background. Many people say Bocconi is too stressful, but to me, it’s worth it.

Student

Verified

20/03/2018

Excellent

Bocconi is outstanding university. Among the best in Italy. The international franework helps students to get involved in projects/associations that enrich the campus. I study law and i’ m happy about my 4 years and experiences that i had the opportunity to

RECAPTHA :

3e

dc

df

49