Masters in Financial Management in USA is a typical 1-2 years part-time and full-time available program. Universities offering Masters in Financial Management in USA offer study areas like risk management, microeconomics, tax planning, managerial finance, etc. A minimum 4 years bachelors degree is required with 85-93% aggregate marks for pursuing Masters in Financial Management in USA. International students require an IELTS score of 7.0 and a TOEFL score of 110 for studying Masters in Financial Management in USA. An estimated tuition cost for studying Masters in Financial Management in USA ranges from USD 38,000-87,000 (INR 31,46,768-72,04,443). International students can expect to earn an average annual income of USD 82,000 (INR 67,90,395) for studying Masters in Financial Management in USA. Wells Fargo, JPMorgan Chase & Co., Bank of America, Morgan Stanley, etc. are some of the top recruiters of Masters in Financial Management in USA.
Table of Content
- Why Study Masters in Financial Management in USA?
- Masters in Financial Management in USA Study Areas
- Top Universities for Masters in Financial Management in USA
- Admission Process for Masters in Financial Management in USA
4.1 Application Deadlines for Studying Masters in Financial Management in USA
5.1 Cutoff of Popular Universities Offering Masters in English in USA
Why Study Masters in Financial Management in USA?
Some of the top reasons for choosing Masters in Financial Management in USA for international students:
- There are some of the best universities for Masters in Financial Management in USA.
- USA universities offering Masters in Financial Management has some qualified and skillful mentors.
- The course demand for Masters in Financial Management in USA universities is expected to rise in upcoming years.
- Over 39 USA universities offer courses in financial management.
- The job opportunities after studying best universities for Masters in Financial Management in USA are lucrative.
- The field of Masters in Financial Management in USA has the lowest unemployment rate of 1.8%.
- The sector of Masters in Financial Management in USA is likely to grow by 1.4%.
An overview of the course of Masters in Financial Management in USA are:
| Program Name | Masters in Financial Management in USA |
| Program Type | Full-time or Part-time |
| Program Duration | 1-2 years |
| Program Eligibility | 4 years bachelor’s degree with 85-93% marks (aggregate) |
| English Language Proficiency Scores Requirements | IELTS: 7.0 TOEFL: 110 |
| Tuition Cost | USD 38,000-87,000 (INR 31,46,768-72,04,443) |
| Average Income | USD 82,000 (INR 67,90,395) |
Masters in Financial Management in USA Study Areas
International students can check the below-mentioned specializations of the program Masters in Financial Management in USA:
- Risk management
- Accounts
- Capital Markets
- Managerial finance and economics
- International economy
- Microeconomics and Macroeconomics
- Business statistics
- Operation research
- Financial analysis
- Strategic cost management
- Behavioral finance
- Financial modeling
- Investment management
Top Universities for Masters in Financial Management in USA
Some of the top universities offering Masters in Financial Management in USA along with fees are as follows:
| Top Universities | Courses | Masters in Financial Management in USA Fees |
|---|---|---|
| Massachusetts Institute of Technology (MIT) | Masters in Financial Managament | USD 40,200 (INR 33,28,949) |
| Columbia University | Masters in Financial Economics | USD 33,292 (INR 27,56,900) |
| University of California Berkeley | Masters of Finance | USD 40,243 (INR 33,32,510) |
| University of California Los Angeles | Master of Science in Financial Engineering | USD 42,638 (INR 35,30,839) |
| University of Texas at Austin | Master of Science in Finance | USD 26,500 (INR 21,94,457) |
| University of Illinois Urbana Champaign | Master of Science in Financial Engineering | USD 32,000 (INR 26,49,910) |
| Georgia Institute of Technology | Masters in Financial Management | USD 28,984 (INR 24,00,156) |
| University of Southern California | Master of Science in Finance | USD 38,466 (INR 31,85,357) |
| Boston University | Master of Science in Financial Management | USD 19,250 (INR 15,94,086) |
| Georgetown University | Master of Science in Finance | USD 43,261 (INR 35,82,430) |
Admission Process for Masters in Financial Management in USA
A few basic steps for admission in Masters in Management in USA for International students are as follows:
- Shortlisting the universities offering Masters in Management in USA according to budget.
- A new student account registration after visiting the official website
- Checking the eligibility requirements and fees
- Checking the English Language Proficiency test scores requirements.
- Upload the necessary documents required for admission.
- Payment of the application fee
- International students must apply for an F-1 student visa after selection
Application Deadlines for Studying Masters in Financial Management in USA
The application deadlines for the course of Masters in Finacial Management in USA for International students are as follows:
| University Name | Application Deadline |
|---|---|
| Massachusetts Institute of Technology (MIT) | January 8, 2023 (closed) |
| Columbia University | January 24, 2023 (closed) |
| University of California Berkeley | January 19, 2023 (closed) |
| University of California Los Angeles | March 1, 2023 (closed) |
| University of Texas at Austin | January 9, 2023 (closed) |
| University of Illinois Urbana Champaign | January 22, 2023 (closed) |
| Georgia Institute of Technology | March 15, 2023 (closed) |
| University of Southern California | February 1, 2023 (closed) |
| Boston University | March 1, 2023 (closed) |
| Georgetown University | February 3, 2023 (closed) |
Eligibility Criteria for Pursuing Masters in Financial Management in USA
A few basic Masters in Financial Management in USA requirements of International students are:
- An undergraduate degree with 85-93% or a minimum GPA of 3.0.
- IELTS score of 7.0
- TOEFL score of 110
- SAT/ACT test scores (optional)
- Updating documents as mentioned in university’s admission guidelines
- Professional work experience of 3-5 years
Cutoff of Popular Universities Offering Masters in English in USA
The cutoff of popular universities offering Masters in English in USA are as follows:
| University Name | Score Cutoff |
|---|---|
| Massachusetts Institute of Technology (MIT) | TOEFL: 90(iBT) 577 (PBT) IELTS: 7.0 |
| Columbia University | TOEFL: 100(iBT) 600(PBT) IELTS: 7.5 PTE: 68 Duolingo: 134 GMAT: |
| University of California Berkeley | TOEFL: 90 IELTS: 7.0 |
| University of California Los Angeles | TOEFL: 100 IELTS: 7.0 Duolingo: 120 |
| University of Texas at Austin | TOEFL: 79(iBT) 550 (PBT) IELTS: 6.5 |
| University of Illinois Urbana Champaign | TOEFL: 102(iBT) 610(PBT) IELTS: 7.0 Duolingo: 135 GRE: 155(verbal) 165 (quantitative) 4.0 (analytical writing section) |
| Georgia Institute of Technology | TOEFL: 90(iBT) 500(PBT) IELTS: 7.0 GRE: 153(verbal) 155 (quantitative) 3.0 (analytical writing section) |
| University of Southern California | TOEFL: 90 IELTS: 6.5 PTE: 61 Duolingo: 130 |
| Boston University | TOEFL: 84 IELTS: 7.0 Duolingo: 110 |
| Georgetown University | TOEFL: 100(iBT) 600(PBT) IELTS: 7.0 |
Admission Documents Requirements for Pursuing Masters in Financial Management in USA
The documents required for getting admitted to top colleges for Masters in Financial Management in USA are:
- All academic transcripts.
- English Language Proficiency Test scores
- Letters of Recommendation (LOR)
- Statement of Purpose(SOP)
- Updated Resume
- A valid passport copy
- Student portfolio
- Recent passport-sized photographs
- F-1 student visa application
- Financial and bank statements
- Personal interview scheduled at university
Masters in Financial Management in USA Cost
An annual cost for studying at USA universities for pursuing Masters in Financial Management in USA are:
| Type of Expenses | Cost |
|---|---|
| Books and Supplies | USD 835 (INR 69,147) |
| Food | USD 5,861 (INR 4,85,415) |
| Housing and Utilities | USD 15,494 (INR 12,83,069) |
| Transportation | USD 1,830 (INR 1,51,541) |
| Health Insurance | USD 3,078 (INR 2,54,888) |
| Personal Expenses | USD 1,576 (INR 1,30,508) |
Masters in Financial Management in USA Scholarships
International students can check the below-mentioned merit-based and need-based scholarships:
| Institutions | Scholarships | Award Amount |
|---|---|---|
| UC Berkeley Haas School of Business | The Chengchun "Arthur" Qi Book Scholarship | USD 1,000 (INR 82,809) |
| MIT Sloan School of Management | OGE Administered Fellowships | Partial tuition fee waiver |
| UCLA Anderson School of Management | Inlaks Shivdasani Foundation Scholarship | USD 1,00,000 (INR 82,80,970) |
| McDonough School of Business | Merit-based scholarships | Amount varies |
Masters in Financial Management in USA Salary
The job roles along with average annual salary after studying Masters in Financial Management in USA are as follows:
| Sectors | Average Salary |
|---|---|
| Accounting Director | USD 81,402 (INR 67,40,875) |
| Senior Project Manager | USD 1,59,607 (INR 132,17,007) |
| Senior Payroll Manager | USD 96,020 (INR 79,51,387) |
| Senior Financial Analyst | USD 77,130 (INR 63,87,112) |
| Senior Business Analyst | USD 86,344 (INR 71,50,120) |
| Senior Accountant | USD 78,787 (INR 65,24,327) |
| Risk Manager | USD 1,28,890 (INR 106,73,342) |
| Management Consultant | USD 1,62,519 (INR 134,58,149) |
| Financial Manager | USD 80,773 (INR 66,88,787) |
| Financial Analyst | USD 76,680 (INR 63,49,847) |
| Talent Acquisition Specialist | USD 74,712 (INR 61,86,878) |
Masters in Financial Management in USA Jobs
International students can check the below-mentioned top recruiting companies after pursuing Masters in Financial Management in USA:
- Wells Fargo
- JPMorgan Chase & Co.
- Bank of America
- Northwestern Mutual
- Fidelity Investments
- Morgan Stanley
- Deloitte
- EY LLP
- Charles Schwab
- Merill Lynch
- Bloomberg
- Citi
- PwC
- Accenture
Work Permit or Visa for Studying Masters in Financial Management in USA
Some of the required documents for studying Masters in Financial Management in USA are as follows:
- A passport with 6 months of warranty period
- I-20 form
- Acceptance letter of the university
- Application fee payment
- Two recent dated passport-sized photographs
- Academic transcripts of previously attended schools and colleges
- Bank and financial statements
- Return air ticket proof
ROI for the Top Colleges Offering Masters in Financial Management in USA
The ROI for the top colleges offering Masters in Financial Management in USA are as follows:
| University | Tuition Fees | Average Salary | ROI |
|---|---|---|---|
| Massachusetts Institute of Technology (MIT) | USD 40,200 (INR 33,28,949) | USD 1,11,000 (INR 91,91,876) | 276 percent |
| Columbia University | USD 33,292 (INR 27,56,900) | USD 1,88,932 (INR 156,45,402) | 567 percent |
| University of California Berkeley | USD 40,243 (INR 33,32,510) | USD 1,00,000 (INR 82,80,970) | 248 percent |
| University of California Los Angeles | USD 42,638 (INR 35,30,839) | USD 1,16,000 (INR 96,05,925) | 272 percent |
Candidates can check the above-mentioned course fees, admissions criteria, and placements of Masters in Financial Management in USA.
![Massachusetts Institute of Technology [MIT]](https://static.zollege.in/public/college_data/images/studyabroad/logos/college_1087_29-14:42_download.png?tr=w-50,h-50,c-force?tr=h-40,w-35,c-force)
![University of California [UC Berkeley]](https://static.zollege.in/public/college_data/images/studyabroad/logos/college_982_24-16:13_download.png?tr=w-50,h-50,c-force?tr=h-40,w-35,c-force)
![University of Chicago [UChicago]](https://static.zollege.in/public/college_data/images/studyabroad/logos/college_1129_06-15:23_logo.png?tr=w-50,h-50,c-force?tr=h-40,w-35,c-force){kind=logo}
