MBA in Finance in USA is an advanced course for two years. The best universities in USA for MBA finance offer the course on a full-time or part-time basis or through an online medium. MBA in Finance in USA is based on studies in cost-benefit analysis, emerging markets, financial planning and others. The top universities in USA for MBA in finance offer various opportunities to the graduates. The annual tuition fees of top universities in USA for MBA vary from 74,624-84,496 USD (INR 61,33,540-69,44,515). Candidates need a GPA of 3.0 on a 4.0 scale to get admission for MBA finance in USA universities. The top universities for MBA in Finance in USA demand an IELTS score of 7.0 and TOEFL score of 100. Candidates must have an average GMAT score of 560 to pursue an MBA in Finance in USA. The top recruiters for MBA in Finance in USA provide an average annual salary of approximately 1,04,000 USD (INR 85,53,178).
MBA in Finance in USA Highlight Table
The overview of MBA of Finance in USA is tabulated below:
| Program | MBA in Finance |
| Duration | 2 years |
| Top Universities | Massachusetts Institute of Technology, Stanford University, Harvard University, University of Pennsylvania, Yale University etc. |
| Score Requirements | IELTS: 7.0-7.5 TOEFL: 87-109 GMAT: 530-790 GRE: 163 (Quant), 162 (Verbal) |
| Average Tuition Fees | 74,624-84,496 USD (INR 61,33,540-69,44,515) |
| Top Recruiters | Ernst & Young Amazon Accenture Deloitte KPMG etc. |
| Top Job Profiles | Senior Financial Analyst, Chief Financial Officer (CFO), Financial Analyst, Finance Manager, Finance Director etc. |
| Average Annual Salary | 1,04,000 USD (INR 85,53,178) |
Why Study MBA in Finance in USA?
MBA in Finance from USA offers candidates with immense job opportunities. Candidates must study MBA in Finance in USA for other major reasons like:
- The top business schools offer various MBA programs with a placement rate of more than 90%.
- Banking, insurance and investing financial services hire more than 30% of graduates of MBA finance from USA universities.
- The overall employment rate in business and financial occupations in USA is projected to rise by 7% from 2021-2031.
- There will be around 715,100 new job openings in USA in the business and financial sector over the decade.
MBA in Finance in USA Areas of Specialization
The area of specialization of MBA in Finance in USA is as follows:
- MBA in Stock Market USA: A study that deals with financial markets and portfolio management by focusing on bonds, equity, foreign exchange and several derivatives markets.
- MBA in Investment Banking in USA: A study that is related to the financial services of a corporate division or company that deals with advisory-based transactions on behalf of companies, individuals and governments.
- MBA in Corporate Finance USA: It indicates the designing, developing and managing the capital structure of an organization to enhance the profit and value through business decisions.
- Real Estate Finance: A study that deals with the way people intend to purchase real estate such as a home, a plot, an office building etc.
- Sales and Trading: A division of an investment bank that deals in marketing with bonds, stocks and derivatives.
MBA in Finance in USA Vs MBA in Business Analytics in USA
The table below highlights the comparison between MBA in Finance in USA and MBA in Business Analytics in USA:
| Parameters | MBA in Finance in USA | MBA in Business Analytics in USA |
| Top Universities | Massachusetts Institute of Technology, Stanford University, Harvard University, University of Pennsylvania, Yale University etc. | Carnegie Mellon University, Massachusetts Institute of Technology, University of California - Berkeley, University of Pennsylvania, University of Chicago etc. |
| GPA | 3.0 on a 4.0 scale | 3.0 on a 4.0 scale |
| ELP Score Requirements | IELTS: 7.0-7.5 TOEFL: 87-109 | IELTS: 7.5 TOEFL: 93-100 |
| Score Requirements | GMAT: 530-790 GRE: 163 (Quant), 162 (Verbal) | GMAT: 600-700 GRE: 150-160. |
| Job Roles | Senior Financial Analyst, Chief Financial Officer (CFO), Financial Analyst, Finance Manager, Finance Director etc. | Data Analyst, Senior Business Analyst, Product Manager, Software, Operations Analyst etc. |
| Average Annual Salary | 1,04,000 USD (INR 85,53,178) | 83,000 USD (INR 68,21,811) |
| Top Recruiters | Ernst & Young, Amazon, Accenture, Deloitte, KPMG etc. | IBM, Amazon, Deloitte, Accenture, PwC etc. |
Top Universities in USA for MBA in Finance
All the top MBA universities in USA focus on the MBA in finance syllabus in USA. The best universities in USA for MBA in finance and their tuition fees are as follows:
| Name of University | Annual Tuition Fees |
| Massachusetts Institute of Technology | 84,200 USD (INR 69,20,187) |
| Stanford University | 79,860 USD (INR 65,63,493) |
| Harvard University | 74,910 USD (INR 61,56,665) |
| University of Pennsylvania, Philadelphia | 79,800 USD (INR 65,58,562) |
| Yale University | 82,200 USD (INR 67,55,812) |
| Columbia University | 84,496 USD (INR 69,44,515) |
| University of California - Berkeley | 76,433 USD (INR 62,81,837) |
| Northwestern University | 78,276 USD (INR 64,33,707) |
| New York University | 82,326 USD (INR 67,66,587) |
| University of California, Los Angeles | 74,624 USD (INR 61,33,540) |
MBA in Finance in USA Admission Procedure
Candidates must check the eligibility criteria, admission requirements and deadlines for applying to the best universities for MBA in banking and finance in USA. Here, detailed below the overview of the admission procedure for MBA finance in USA universities:
MBA in Finance in USA Eligibility Criteria
The eligibility criteria for admission to the top universities for MBA in Finance in USA are listed below:
- Bachelor's degree from a recognised university with finance majors or equivalent.
- A GPA of a minimum of 3.0 on a 4.0 scale is required.
- IELTS score minimum of 7.0-7.5 is required.
- TOEFL score of 87-109 is required.
- GMAT score of 530-790 is required.
- GRE average score of 163 (Quant) and 162 (Verbal) is required.
- 2-5 years of work experience.
Documents Required
The documents required for admission to MBA Finance in USA universities are as follows:
- Academic Transcripts
- Bachelor's degree mark sheets or certificates.
- English Test score reports of IELTS, TOEFL, or PTE exam
- GMAT/GRE scores
- Proof of work experience
- Letters of Recommendation
- Resume
- Cover Letter
- Statement of Purpose
Application Fees
The application fees of the best universities in USA for MBA in finance are presented below:
| Name of University | Application Fee |
| Massachusetts Institute of Technology | 75 USD (INR 6,147) |
| Stanford University | 275 USD (INR 22,539) |
| Harvard University | 250 USD (INR 20,490) |
| University of Pennsylvania, Philadelphia | 275 USD (INR 22,539) |
| Yale University | 250 USD (INR 20,490) |
| Columbia University | 250 USD (INR 20,490) |
| University of California - Berkeley | 200 USD (INR 16,391) |
| Northwestern University | 250 USD (INR 20,490) |
| New York University | 250 USD (INR 20,490) |
| University of California, Los Angeles | 200 USD (INR 16,391) |
Admission Deadline
The admission deadline for the best universities in USA for MBA in finance is as follows:
| Name of University | Application Deadline |
| Massachusetts Institute of Technology | Yet to be announced |
| Stanford University | Round 1: 12 Sep 2023 Round 2: 04 Jan 2024 Round 3: 09 Apr 2024 |
| Harvard University | Round 1: 06 Sep 2023 Round 2: 03 Jan 2024 |
| University of Pennsylvania, Philadelphia | Round 1: 06 Sep 2023 Round 2: 04 January 2024 Round 3: 02 April 2024 |
| Yale University | Round 1: 12 Sep 2023 Round 2: 4 Jan 2024 Round 3: 9 April 2024 |
| Columbia University | Round 1 13 Sep 13, 2023, Round 2 5 Jan 2024 Round 3 3 Apr 2024 |
| University of California - Berkeley | Round 1: 14 Sep 2023 Round 2: 4 Jan 2024 Round 3: 28 Mar 2024 |
| Northwestern University | Application Closed |
| New York University | Round 1: 18 Sep 2023 Round 2: 18 Oct 2023 Round 3: 18 Jan 2024 Round 4: 18 Apr 2024 |
| University of California, Los Angeles | Round 1: 5 Oct 2023 Round 2: 4 Jan 2024 Round 3: April 12, 2024 |
Top Universities Entry Requirements
MBA in Finance in USA admission requirements varies as per different universities. There are few universities of Masters in Finance in USA without GMAT like University of North Carolina, Syracuse University, Boston University etc. The table represents the entry requirement of the best universities for MBA in Finance in USA:
| Name of University | Score Requirements | ELP Requirements |
| Massachusetts Institute of Technology | GRE: 157-168 (Verbal), 158-169 (Quant) GMAT: 690-760 | TOEFL iBT: 90 TOEFL PBT: 577 IELTS score is also required. |
| Stanford University | GRE: 149-170 (Verbal), 150-170 (Quant) GMAT: 630-790 | TOEFL iBT: 100 IELTS: 7.0 PTE: 68 |
| Harvard University | GRE: 147-170 (Verbal), 150-170 (Quant) GMAT: 540-790 | TOEFL iBT: 109 IELTS: 7.5 PTE: 75 Duolingo English Test: 130 |
| University of Pennsylvania, Philadelphia | GRE: 146-170 (Quant), 143-170 (Verbal) GMAT: 530-790 | IELTS: 7.0 TOEFL iBT: 100 Duolingo English Test: 120 |
| Yale University | No minimum GMAT or GRE score required | TOEFL, PTE Academic, or IELTS exam is not required |
| Columbia University | GMAT: 550-780 GRE score required. | TOEFL not required |
| University of California - Berkeley | No minimum GMAT or GRE acceptable score | IELTS: 7.0 TOEFL iBT: 90 TOEFL PBT: 570 TOEFL CBT: 230 |
| Northwestern University | GRE: 150-169 (Verbal), 148-170 (Quant) GMAT: 620-780 | TOEFL, IELTS and DET score are required. |
| New York University | GRE Score Average: 163 (Quant), 162 (Verbal) GMAT Average score: 733 | IELTS: 7.5 TOEFL iBT: 100 PTE: 70 |
| University of California, Los Angeles | GMAT: 650- 760 No minimum score of GRE is required | IELTS: 7.0 TOEFL: 87 |
Cost of Living in USA
The table below highlights the MBA in Finance in USA fees relating to the cost of living:
| Expense Type | Average Annual Expense |
| Accommodation | 21,600 USD (INR 17,75,360) |
| Meals | 8,040 USD (INR 6,60,828) |
| Book and supplies | 2,600 USD (INR 2,13,700) |
| Transportation | 2,988 USD (INR 2,45,570) |
| Health Insurance | 4,698 USD (INR 3,86,107) |
| Personal Expenses | 6,246 USD (INR 5,13,330) |
MBA in Finance in USA Scholarships
For pursuing MBA in banking and finance in USA, candidates can get the benefit of USA scholarships. The scholarships granted by various business schools in USA are tabulated below:
| University Name | Scholarship | Eligibility | Award Granted |
| Massachusetts Institute of Technology | Scholarship Program For Marketing Excellence | Candidates pursuing MBA in USA universities with a GPA of at least 3.9 scale. | 1,000 USD (INR 82,251) |
| Stanford University | The Aga Khan Foundation | Indian candidates pursuing any master level courses in USA | Offers 50% scholarship or 50% loan |
| Harvard University | Boustany Foundation | Talented international students attaining MBA programs in USA | 75% of tuition fees, travel and accommodation expenses |
| University of Pennsylvania, Philadelphia | AAUW International Fellowship | Women international candidates enrolled in full-time MBA programs | 18,000 USD (INR 14,75,109) |
| Yale University | Fullbright Scholarships | International candidates enrolled in MBA programs in USA | Varies |
| Columbia University | Global Leadership Full-Tuition Scholarship | Candidates enrolled in full-time MBA program in USA | 58,130 USD (INR 47,81,253) |
| University of California - Berkeley | Einstein Fellowship | Candidates pursuing MBA program with good academic records | Varies |
| Northwestern University | Special Caribbean Fellowships Program | Candidates pursuing MBA program in USA | Varies |
| New York University | Dean’s Scholarship | Candidates pursuing MBA program with good academic records | Varies |
| University of California, Los Angeles | Jay Holstine Scholarship | Candidates enrolled in MBA program with excellent academic records | 1,000 USD (INR 82,251) |
Jobs after MBA in Finance in USA
Candidates pursuing MBA in business and finance in USA get vast career opportunities and high package salaries. The job profiles and average annual salary witnessed by candidates after completing their MBA in USA are as follows:
| Job Profiles | Average Annual Salary |
| Senior Financial Analyst | 89,974 USD (INR 73,97,338) |
| Chief Financial Officer (CFO) | 175,342 USD (INR 1,44,18,179) |
| Financial Analyst | 69,144 USD (INR 56,85,635) |
| Finance Manager | 110,206 USD (INR 90,62,118) |
| Finance Director | 140,321 USD (INR 1,15,38,441) |
| Financial Controller | 102,943 USD (INR 84,64,889) |
| Vice President (VP), Finance | 152,914 USD (INR 1,25,73,950) |
Top Recruiters for MBA in Finance in USA
The graph shown below highlights the top recruiters and the average annual salary offered to the applicants pursuing MBA in Finance in USA:
- Ernst & Young
- Amazon
- Accenture
- Deloitte
- KPMG
- Bank of America
- The Boeing Company
- JP Morgan Chase
- Genentech
- Etsy
Work Permit
Candidates must apply for an F1 visa to pursue their MBA courses in the United States. F1 visa enables the candidates to remain in US for 2 months after their graduation courses ended. Candidates can apply for OPT (Optional Practical Training) to extend their visa for employment in USA. OPT offers the candidates to pursue their job on a temporary basis. Candidates must have completed an academic year in USA to apply for the OPT visa. Candidates can also apply for an H1B visa to work in the United States. With this H1B visa, candidates can continue their employment in the US for 6 years. Here given below the list of documents required for applying for F1 visa:
- Letter of confirmation from the university
- Academic transcripts
- Official I-20 form
- Migration, birth and character certificates.
- Letter of sponsorship
- Evidence of sufficient funds
- SEVIS fee receipt for interview
ROI for the Top Colleges Providing the MBA in Finance in USA
University of California, Los Angeles, Harvard University, University of California - Berkeley, Northwestern University offers better ROI than other universities. Candidates must apply to these universities for MBA in Finance. The table given below represents the ROI of top universities in USA for MBA in Finance:
| Name of University | Annual Tuition Fees | Annual Cost of Living | Total Expense | Average Annual Salary | ROI |
| Massachusetts Institute of Technology | 84,200 USD (INR 69,20,187) | 46,172 USD (INR 37,97,695) | 1,30,372 USD (INR 1,07,22,966) | 1,04,000 USD (INR 85,53,178) | 79% |
| Stanford University | 79,860 USD (INR 65,63,493) | 1,26,032 USD (INR 1,03,66,005) | 82% | ||
| Harvard University | 74,910 USD (INR 61,56,665) | 1,21,082 USD (INR 99,58,873) | 85% | ||
| University of Pennsylvania, Philadelphia | 79,800 USD (INR 65,58,562) | 1,25,972 USD (INR 1,03,61,071) | 82% | ||
| Yale University | 82,200 USD (INR 67,55,812) | 1,28,372 USD (INR 1,05,58,468) | 81% | ||
| Columbia University | 84,496 USD (INR 69,44,515) | 1,30,668 USD (INR 1,07,47,580) | 79% | ||
| University of California - Berkeley | 76,433 USD (INR 62,81,837) | 1,22,605 USD (INR 1,00,84,389) | 84% | ||
| Northwestern University | 78,276 USD (INR 64,33,707) | 1,24,448 USD (INR 1,02,35,978) | 83% | ||
| New York University | 82,326 USD (INR 67,66,587) | 1,28,498 USD (INR) | 80% | ||
| University of California, Los Angeles | 74,624 USD (INR 61,33,540) | 1,20,796 USD (INR) | 86% |
MBA in Finance in USA offers the candidates several job options to develop their careers. USA is the hub of top business schools that delivers the candidates with the best learning opportunities. Candidates get the chance of applying for scholarships to pursue their MBA courses in USA. Candidates can go through the courses of MBA in finance syllabus in USA to emphasize both theoretical and practical knowledge. Aspirants can also apply for Masters in finance in USA without GMAT.
FAQs
Ques: Is MBA in Finance worth it from USA?
Ans. MBA in Finance has great demand in USA. The average annual salary of MBA finance graduates is 1,04,000 USD (INR 85,53,178).
Ques: What are the criteria for MBA in Finance in USA?
Ans. Candidates must have a bachelor's degree from a recognised university with finance majors or equivalent.
Ques: Is there scope for Finance in USA?
Ans. Candidates attain various job roles like Senior Financial Analyst, Chief Financial Officer, Financial Analyst etc after completing MBA in Finance in USA.
Ques: Is it better to do MBA from India or USA?
Ans. USA offers a high salary package as compared to India. So it is better to choose USA universities for studying MBA.
Ques: What are the fees for MBA in Finance in USA for Indian students?
Ans. The yearly tuition fees for MBA in Finance in USA vary from 74,624-84,496 USD (INR 61,33,540-69,44,515).
Ques: Is maths required for MBA in Finance?
Ans. No, Maths is not required to apply for MBA in Finance in USA.
Ques: Which country is best for finance jobs?
Ans. USA is undoubtedly the best country for finance jobs. Candidates attain vast job opportunities after pursuing MBA in Finance in USA.
Ques: Why do students choose MBA in finance?
Ques: What are the minimum requirements for MBA in Finance?
Ans. Candidates need a GPA of a minimum of 3.0 on a 4.0 scale for pursuing MBA in Finance.
Ques: What GMAT score is required for MBA in Finance in USA?
Ans. GMAT score range from 530-790 is required for applying MBA in FInanace in USA.
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