Studying your MiF degree in the US could enhance your prospects even further. It is the largest economy in the world, home to some of the world’s top financial institutions such as JP Morgan, Goldman Sachs and BlackRock, who all hire MiF grads.
What’s more, according to the latest GMAC Corporate Recruiters survey, the median starting salary for Master In Finance grads in 2022 is a huge $110,000.
So where’s the best place to study a Master in Finance in the US and land a job the financial sector? Here are five of the best Masters in Finance at business schools in the US.
[VIDEO] 5 Of The Best Master's In Finance In The US
Best Masters In Finance: USA
1. MIT Sloan School of Management
As one of the M7 business schools, MIT (Massachusetts Institute of Technology) Sloan is renowned for its excellent STEM (Science, Technology, Engineering, Mathematics) teaching and the Master's degree in finance is no exception.
The Sloan MiF is a rigorous and quant-heavy finance degree. But as a STEM-designated program it also offers benefits for international students by allowing you to stay in the US for three years after graduation without a H-1B visa.
The MIT MiF program lasts 18 months with the option for students to accelerate their learning and study in just 12 months. During the program, students can hone their learning in optional concentrations, choosing from: Financial Engineering, Impact Finance, Capital Markets, or Corporate Finance.
With 123 students, a typical cohort is large but is also diverse with large cohort of international students. Among the current cohort, 93% are international students and nearly half the class are women (47%).
The program costs $118,450 in tuition fees.
2. University of Rochester: Simon Business School
Located in up-state New York, right on Lake Ontario, the Master in Finance degree at Simon Business School is STEM-designated and offers students real-world experience with an optional internship track.
The program also offers International Immersions for students to experience the global economy financial markets in countries such as Switzerland and Singapore.
These opportunities help grads from the program launch careers all over the world, landing top finance jobs at companies like EY, Bank of China, and Deloitte.
Tuition fees for the Simon Business School MiF are $83,500. However, more than 60% of incoming students are awarded merit-based scholarships.
3. University of Texas at Austin: McCombs School of Business
In the US, Texas is a great place for finance grads to kickstart their career. The ‘Lone Star State’ is home to 53 Fortune 500 companies including financial services group, USAA.
Students on the STEM-certified Master in Finance program at University of Texas at Austin McCombs School of Business complete their degree in just 10 months.
During the program, students can target their dream career path by choosing from five specializations in Energy Finance, Corporate Finance, Consulting, Asset Management, and Investment Banking.
A hands-on practicum also connects students with potential employers while they work on projects with sponsor companies.
As a more affordable option for your Master in Finance, the McCombs MiF costs $48,000 for Texas residents and $53,000 for non-residents.
4. University of Maryland: Smith School of Business
You’ll find Smith School of Business northeast of Washington DC, just seven miles from the White House.
The Master in Finance program at Smith can be completed in either two or three semesters. Students can also choose to specialize in Financial Analysis and Risk Management or Asset Management to learn the skills to fast-track to their career.
Grads from the program can expect a $72,000 average starting salary within three years of graduating. Past alumni have gone on to launch high-flying careers at big companies such as BlackRock, PwC, and Citi Bank.
For Maryland residents, the MiF program costs $47,460 and for non-residents, it will set you back $62,940.
5. University of California Berkeley: Haas School of Business
A location in sunny California isn’t the only selling point of the UC Berkeley Haas School of Business Master of Financial Engineering. The school also boasts an impressive employment record, with 99% of students in 2022 receiving job offers within three months of graduating and earning a median base salary of $150,190.
Over two-thirds of graduates from the program take the popular finance career path to roles in investment banking and asset management at large companies such as Goldman Sachs, Morgan Stanley, and JP Morgan.
These strong career prospects make the program one of the US' top finance degrees, with strong return on investment prospects with tuition fees costing $78,142.
The program also offers flexibility as students can choose to study the year-long full-time program or there is a part-time option for those who want to work alongside their degree.
Whether your goal is to be an investment banker or you’re striving for chief financial officer, a career in finance has many possibilities. Studying your Master in Finance in the US will likely open many exciting doors into top companies.
Though the price tag may be higher than elsewhere in the world, higher salaries will help ensure your return on investment.
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