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What Can You Do With A Master In Finance?

From investment banking to consulting, a Master in Finance prepares you for high-flying careers in finance and beyond. Here's everything you need to know about a MiF degree

By  Chloé Meley

Wed Dec 1 2021

BusinessBecause
The Master in Finance (MiF) is an increasingly popular degree with nearly 80% of programs reporting growth in applications in 2020, according to the Graduate Management Admission Council (GMAC).

It can be your route into the high-flying and lucrative world of finance, and can also offer the chance to develop a wide range of skills and expertise. But what exactly does a master's degree in finance entail, and what can you do after you graduate? 

Here’s everything you need to know about the Master in Finance. 


Who studies a Master in Finance?

Masters in Finance are aimed at recent graduates with little or no work experience, who want to widen their expertise and build a foundation for a successful career in finance. 

You don’t need a graduate or undergraduate degree in finance, or any kind of background in the sector. According to the Graduate Management Admission Council, nearly one out of three Master in Finance applicants have no work experience in finance, while half have less than three years. 


What will a Master in Finance teach you?

During your MiF, core courses teach you the fundamentals of finance, including data analytics, mathematics, and financial accounting. 

You also get to specialize your degree by choosing from a wide array of electives that allow you to deepen your expertise in a particular area of finance. At MIT Sloan—one of the world's top-ranked Masters in Finance—for example, MiF students get to choose optional modules like Healthcare Finance, Venture Capital, and Crypto Finance. 

At ESADE Business School, MSc Finance students select one of three tracks to tailor their degree according to their career goals: Corporate Financial Management, Banking and FinTech, and Asset Pricing & Big Data in Finance. 

In addition to learning about key theoretical concepts, you’ll also get to put this knowledge into practice through hands-on experience.

For example, at London Business School, students get to work on a live business project and apply their newly acquired skills during internships at organizations like investment banks, asset managers, and fintech companies. 


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Master in Finance jobs

There are many exciting career prospects for MSc Finance grads, including investment banking, private equity, asset management, trading, and venture capital. 

You could become an investment manager for BlackRock, a wealth advisor associate at Morgan Stanley, or a private equity analyst at HSBC.

Investment banking is a particularly popular path, as Masters in Finance provide a good stepping stone to financial hubs like Wall Street, the City of London, and the Shanghai Stock Exchange. 

For example, 29% of MiF grads at China’s Tsinghua University School of Economics and Management, and 36% of MiF grads at the UK’s Imperial College Business School, go on to work in investment banking for companies like JP Morgan and Goldman Sachs.

Master in Finance grads can also land roles in the public sector, working for ministries of finance, central banks, or even the World Bank. At London Business School, 17% of class of 2020 grads went on to work in these industries. 


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Public finance jobs don’t pay as well as private financial services, but they’re a great route into a diplomatic career. 

Some Master in Finance grads instead use their analytical and interpersonal skills to launch a career in consulting, as high-profile consulting firms seek specialized financial knowledge. 

“MiF students add that financial lens: they tend to have built financial models, they can read financial statements, and they know the role financial organisations can play in a business from a strategy standpoint,” explains Keith Bevans, global recruitment lead at Bain.

One Master in Finance grad who took this route is Massimo di Giovacchino, who joined a Big Three firm after his MSc in Finance at Bocconi Business School in Italy.

“The intellectual rigor instilled by the MSc in Finance, and the collaboration style encouraged by the group assignments, gave me the right mindset to enjoy addressing new problems at McKinsey,” he says.

Master in Finance grads can also combine their expertise in finance with an interest in technology, securing a role in the fast-evolving fintech sector. 

No matter the path you choose after your Master in Finance, you're likely to earn a high salary after you graduate. Strong growth potential also means you should see a strong return on your investment as you progress during your career. 


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A Master in Finance will help fast-track your career in finance and beyond, equipping you with the technical and soft skills to build a successful career in diverse fields including investment banking, consulting, and fintech.

You’re also likely to get a very good return on your investment, as finance roles offer high salaries and good career progression in both the private and public sectors. 

However, if you’re looking to get into more generalist business roles, you may want to turn towards an MBA or a Master in Management, where you’ll be able to learn the fundamentals of finance alongside other functional areas like marketing, strategy, and operations.

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Next Read: 

6 Top US Master In Finance Programs

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

Yangxin

Verified

27/03/2024

On Campus

Excellent university full of opportunities

I had almost zero experience in business before coming to Bocconi. However, this did not hinder my career prospects here. I was fortunate to receive valuable opportunities such as in-company training and internships. Through these experiences, I gained invaluable practical insights into various business scenarios, becoming more acquainted with the real business world. Before arriving here, I had not learned Italian, which initially made me concerned about possible cultural or language barriers. Bocconi offers Italian language courses that proved indispensable in helping me adapt to Milan during my days here. Additionally, my Italian classmates have been incredibly welcoming, assisting me with cultural adjustments and willingly serving as language partners to help with my Italian language learning journey. My two-year life here has become both manageable and enjoyable. In conclusion, I would recommend this university to those people who are eager to embrace a future brimming with opportunities.

Alex

Verified

28/03/2024

On Campus

So many opportunities

Bocconi has been an amazing journey for me, filled with growth and opportunities, both on a professional and personal level. The professors teaching the International Management Master's are of really high quality and they were able to transfer some much "knowledge that matters", thanks also to the many teamworking experiences during the course. Bocconi also allowed me to experience a double degree program with ESADE, which taught me a lot both in terms of professional development, as well as allowing me to expand my network of international students even further. Overall, Bocconi unleashed plenty of opportunities I could not foresee before joining the university and that I'm really grateful for and excited to dive into.

Marina

Verified

30/03/2024

On Campus

Invest in your knowledge

Bocconi offers plenty of opportunities to grow as a person and as a professional. I was able to both broaden my interests and deepen existent knowledge during my Master's degree in Finance. It's very challenging, but the result is totally worth it. Bocconi has a very impressive reputation across the world, which allowed me to have an internship at my dream company.

Tara

Verified

1/04/2024

On Campus

A University Ripe with Opportunity

As a first year Masters in International Management student, the global perspective, abundant learning opportunities and networking opportunities were the main aspects that drew me towards pursing my studies at Bocconi. And Bocconi has delivered in full on these promises. In my classes I have really valued the more application based approach which centres around collaboration with peers from around the world. There are also so many opportunities for learning outside the classroom through supplementary activities, societies, guest lectures and other events hosted by the university! The networking opportunities and career services are world class. The university regularly hosts events like Bocconi

Martina

Verified

1/04/2024

On Campus

Environment and experiences

Entering Bocconi, I was shy and uncertain. I was surprised to discover a supportive community that not only challenged me academically but also encouraged me to come out of my shell. I found myself surrounded by lifelong friends who turned out to be an invaluable support for me. Despite my initial indecision, my chosen course (Economics and Management for Arts and Culture) proved to be the perfect fit, seamlessly blending rigorous economic principles with insights into the cultural landscape. I found myself immersed in a dynamic environment that fostered healthy competition, pushing me to excel while simultaneously supporting my personal growth. Reflecting on my period at Bocconi, I can confidently say it was the best time of my life. Through unforgettable experiences in students associations, internships and study-abroad periods, Bocconi accompanied me from adolescence into adulthood. It provided me with the confidence and skills necessary to navigate the complexities of the real world, offering me an environment where I could flourish both academically and personally.

Erik

Verified

2/04/2024

On Campus

Great programme in MSc Finance

I have done the MSc in Finance, and I am extremely happy with it. The quality of the education is really good, and has more than prepared me for my job in Asset Management after my studies. There are also a lot of group projects and labs in the classes which lets you try things in practice. In addition to this, there are a lot of good student associations for finance which allows you to connect with a lot of really brilliant people.

Student

Verified

2/04/2024

On Campus

My Experience at Bocconi University

Bocconi University offers a great deal of programs. The small classes make it easy for students to interact with professors, all very experienced in their field, and not only care for the students' life inside the classroom but also for their lives outside, providing many amazing extracurricular activities, from sports, and associations to theater and singing. Overall, a great experience!

Student

Verified

4/04/2024

On Campus

Excellent university providing a great preparation

I have chosen Bocconi University for both my bachelor's and master's degree and I am extremely satisfied with my experience and the preparation the institution has given me, both academically and to be equipped to enter the job market. The programs are very international, which has allowed me to make friends from all over the world, and the university offers a wide range of interesting courses, both in Italian and in English, which often combine a theoretical strong preparation together with practical applied projects. Bocconi also has a great and efficient career service that organizes useful events to get ready for the job market, meet employers and network with companies. I have also appreciated the presence of over a hundred student associations, which has allowed me to pursue some interests of mine while meeting students from several different courses and gainining more practical experience through additional projects.

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