MS in Finance in USA 2026-27: Top Universities, Courses & Career Opportunities

Considering an MS in Finance in USA, but unsure about costs and career outcomes? An MS in Finance (Master of Science in Finance) is a master’s program that trains students in advanced financial concepts and practical skills for careers in global finance and investment.

For Indian students, top programs cost between $60,000 (₹52,71,000) and $120,000 (₹10,54,200), excluding living expenses. For example, the University of Miami’s Herbert Business School lists its 2025–26 MSF tuition at $83,463 (₹7,33,000) (herbert.miami.edu).

The financial investment is just one factor. Career outcomes vary, with average MSF salaries in the US around $92,631 (₹8,13,000) and top earners making up to $135,000 (₹11,86,000) (ziprecruiter.com). Choosing the right university, program, and specialisation is key to getting maximum value from your degree.

This guide provides a clear overview of MS in Finance in USA for Indian students, covering universities, admission requirements, costs, career prospects, and visa options to help make informed decisions.

Find out your ideal university

0%

Choose your dream country

Please select a country

UK

USA

Germany

Australia

Ireland

New Zealand

Canada

UAE

France

Sweden

Italy

Other

When do you want to study abroad?

Please select an option

Jan 2026

Sep 2026

2027 Intake

What's your highest level of education?

Please select an option

Bachelor's

Master's

MBBS / MD

Diploma

12th Grade

10th Grade

Select you current city

Please select your city

 

Please Enter Your Name

 

IN +91 UAE +971 QA +974 SA +966 KW +965 OM +968 BH +973

Please Enter a Valid Number

 

Please Enter Your Email

How Leap will help you

Personalised University Shortlist

Express Applications with Quicker Admits

End-to-End Application Support

Continue

The finance sector is “One of the Fastest-Growing Careers is in Desperate Need of Young Talent,"  according to a Forbes article, stating the high demand for skilled professionals in this sector. Here are some reasons why you should pursue an MS in Finance in the US.

Most Master of Science in Finance (MSF) programs in the USA can be completed in 9 to 18 months, depending on the university and whether you opt for full-time or part-time enrollment. For instance, Johns Hopkins Carey Business School offers full-time MSF programs in 9-, 12-, or 15-month formats, allowing you to enter the job market sooner. 

Graduates of MSF programs in the USA often secure lucrative positions. For example, the MIT Sloan School of Management reported a mean base salary of $122,552 for its 2024 Master of Finance graduates, with a median salary of $122,000. Similarly, the University of Texas at Austin's McCombs School of Business reported an average salary of $82,246 for its 2024 MSF graduates. 

An MSF degree opens doors to various career paths in finance, including investment banking, corporate finance, risk management, and financial analysis. Graduates often find positions in top financial institutions, leveraging the comprehensive education and networking opportunities provided by these programs.

Many MSF programs in the USA are STEM-designated, allowing international students to apply for a 24-month Optional Practical Training (OPT) extension after the standard 12-month period. This extension provides additional time to gain practical experience in the U.S. workforce. (USCIS)

Many MSF programs in the USA align their curriculum with the Chartered Financial Analyst (CFA) Institute's Candidate Body of Knowledge, effectively preparing students for the CFA examinations. This alignment enhances your qualifications and competitiveness in the finance industry.

Over 60 US universities feature in the top 100 of the QS World University Rankings 2025 for Accounting & Finance. These institutions are known for their rigorous curriculum, experienced faculty, and strong industry connections. From Ivy League schools to specialised business programs, they provide students with the skills required to excel in global finance. Admissions for most MS in Finance programs in the USA open between December and January.

Here is a detailed list of universities in USA for MS in Finance in 2026:

MS in Finance programs in the USA are designed to provide a strong foundation in financial theory, quantitative methods, and real-world application. Most programs are 12–24 months long and include core courses, electives, and practical projects or internships.

• Financial Accounting & Reporting – Understanding corporate financial statements.
• Corporate Finance – Capital budgeting, capital structure, and financial decision-making.
• Investment Analysis & Portfolio Management – Equity, fixed income, and alternative investments.
• Risk Management & Derivatives – Identifying, analysing, and mitigating financial risks.
• Quantitative Methods & Financial Modelling – Using Excel, Python, R, and other tools for data-driven decision-making.
• Econometrics & Statistics for Finance – Analysing economic and financial data.

Students can choose electives based on their career goals. Popular options include:

• Fintech & Financial Innovation
• Mergers & Acquisitions
• Private Equity & Venture Capital
• Behavioral Finance
• Sustainable & ESG Investing

• Capstone Projects: Simulate real-world financial problems and portfolio management.
• Internships: Access to financial hubs like New York, Chicago, and San Francisco for hands-on experience.
• CFA Alignment: Many programs align with the CFA curriculum, helping students prepare for professional certifications.

Some universities offer part-time or modular options, allowing students to balance work and studies. Many STEM finance programs in USA allow international students up to 3 years of OPT, providing valuable work experience after graduation.

Before applying, Indian students must understand the Masters in Finance admission requirements, including academic background, standardised tests, English proficiency, SOP, LORs, and work experience.

 Most programs require a bachelor’s degree in finance, economics, accounting, mathematics, or related quantitative fields. Candidates from other disciplines may be considered if they have strong analytical and quantitative skills. A minimum GPA of 3.0/4.0 is generally expected.

• GRE or GMAT: Several universities now offer Masters in Finance in USA without GMAT, allowing qualified Indian students with strong academic records to apply using GRE or even apply for test waivers.
• Typical Score Range: GMAT 700+ or GRE 320+ increases chances at highly ranked schools like MIT Sloan, UC Berkeley Haas, and Columbia.
• Some universities offer GMAT/GRE waivers for applicants with strong academic records or relevant work experience.

• TOEFL: 79–100, depending on the university.
• IELTS: 6.5–7.5.
• Duolingo English Test: Accepted by some programs (115–120).
• Students who studied in English-medium Indian universities may be eligible for a waiver.

• Statement of Purpose (SOP): Focus on career goals and interest in finance.
• Letters of Recommendation (LORs): Usually 2–3, preferably from academic or professional sources.
• Resume: Highlight quantitative skills, internships, and relevant work experience.

• 1–2 years in finance or analytical roles can strengthen the application and improve scholarship eligibility.

• Fall Intake: Applications open August–October; deadlines December–January.
• Spring Intake: Applications open August–October; deadlines September–October.

• Receive your I-20 form from a SEVP-approved university.
• Pay the SEVIS fee and schedule your visa interview at the US Embassy or Consulate.
• Prepare to explain your MS in Finance goals, financial resources, and post-study plans in India.

• Valid passport
• I-20 form
• Proof of financial resources for tuition and living expenses
• Academic transcripts and degree certificates
• Standardised test scores (GRE/GMAT, TOEFL/IELTS/PTE if required)
• Completed DS-160 visa application form

• Arrange accommodation and open a US bank account.
• Obtain health insurance and a local SIM card.
• Familiarise yourself with transportation and local culture.
• Connect with Indian student associations to ease cultural transition.
• Pack according to US climate and lifestyle needs.

By completing these steps, Indian students can focus on maximising their MS in Finance experience in the USA, secure internships, and plan for long-term career opportunities.

Completing the admission and visa process carefully allows Indian students to focus on their MS in Finance in USA experience. For more guidance, see Post Study Work Visa USA for Indian Students and Masters in USA without GRE in 2025.

When planning the budget for a Masters in Finance in USA for international students, it is important to account for the MS in Finance in USA fees, which range from $60,000 to $85,000 per year (₹52,71,000 - ₹74,85,000) depending on the university. Along with tuition, living expenses, health insurance, and other essentials should also be included to maximise ROI.

• Accommodation & Utilities: $12,000–$18,000 (₹10,54,000–₹15,81,000)
• Food & Groceries: $4,000–$6,000 (₹3,51,400–₹5,27,100)
• Transportation: $1,000–$2,000 (₹87,850–₹1,75,700)
• Health Insurance: $2,000–$3,000 (₹1,75,700–₹2,63,550)
• Miscellaneous (personal items, study materials, leisure): $2,500–$4,000 (₹2,19,625–₹3,51,400)

Total Estimated Annual Cost: $66,500–$90,000 (₹58,44,500–₹79,06,500)

• Higher costs are expected in cities like New York, Boston, and San Francisco
• Lower costs in cities like Austin or Gainesville

ROI Tip: STEM-designated programs allow up to 3 years of OPT, enabling practical work experience to enhance earning potential and career prospects in the US finance sector.

Pursuing an MS in Finance in USA can be costly, but Indian students can access several scholarships in USA and other funding options. Planning and applying early can greatly reduce the overall financial burden.

Many top US universities offer merit-based scholarships for international students pursuing finance. For example:

• MIT Sloan School of Management: Merit-based fellowships ranging from $20,000–$40,000 (₹17,57,000–₹35,14,000) per year.
• UC Berkeley Haas School of Business: Merit scholarships covering $15,000–$30,000 (₹13,17,000–₹26,35,000) of tuition.
• NYU Stern School of Business: Awards ranging from $10,000–$25,000 (₹8,78,500–₹21,96,000) annually based on academic and professional achievements.
• Boston University (Questrom): Partial scholarships between $5,000–$20,000 (₹4,39,000–₹17,57,000) for deserving international students.

• Fulbright-Nehru Master’s Fellowship: Covers tuition, travel, and living expenses up to $50,000–$60,000 (₹43,92,500–₹52,71,000).
• Rotary International Global Grant: Provides $30,000–$40,000 (₹26,35,000–₹35,14,000) for students with strong leadership and community service credentials.
• AICPA John L. Carey Scholarship: Finance or accounting students can receive $5,000–$10,000 (₹4,39,000–₹8,78,500) for tuition support.

• Teaching or Research Assistantships: Stipends of $15,000–$25,000 (₹13,17,000–₹21,96,000) along with partial tuition waivers.
• On-Campus Part-Time Jobs: F-1 students can work up to 20 hours/week, earning approximately $10–$15/hour (₹880–₹1,320/hour) to cover living expenses.

Note: All amounts are converted using 1 USD = ₹87.85.

• Apply early and meet all deadlines.
• Maintain a strong academic record and relevant internships.
• Highlight leadership, community involvement, and career goals in your SOP.

Scholarships combined with part-time work and careful financial planning can make an MS in Finance in USA more affordable for Indian students.

While an MS in Finance in India provides foundational skills, pursuing an MS in Finance in the USA exposes Indian students to global financial markets, STEM programs, and higher-paying international career opportunities.

• Most US universities include summer internships or practicum projects as part of the MS in Finance curriculum.
• Common sectors for internships: investment banking, corporate finance, asset management, consulting, fintech, and risk management.
• Internship duration: 8–12 weeks
• Internship stipends: $2,000–$6,000 (₹1,75,700–₹5,27,100) depending on the company and location.

• Optional Practical Training (OPT):
  • STEM-designated MS in Finance programs allow up to 3 years of OPT, providing valuable on-the-job experience in the US.
• H-1B Work Visa:
  • After OPT, graduates can apply for a post-study work visa in USA (H-1B visa), enabling them to work in speciality finance roles.

• Financial Analyst
• Risk Management Analyst
• Investment Banking Analyst
• Corporate Finance Associate
• Quantitative Finance Specialist

• Cities like New York, Boston, Chicago, San Francisco, and Los Angeles host the highest number of internships and finance-related networking events.
• Universities often have strong alumni networks, career services, and campus recruitment programs connecting students to top employers.

• Average starting salary for MS in Finance graduates: $92,631 (₹8,13,900)
• Top earners in investment management or quantitative finance roles can earn up to $135,000 (₹11,86,000)

• Apply early for internships via university career portals.
• Attend finance workshops, networking events, and career fairs.
• Tailor your resume to US standards and emphasise analytical and technical skills.

Understanding your potential return on investment is key. You can explore the highest paying jobs in the USA for Indian students in 2025 to plan your career after completing an MS in Finance.

Given that top recruiters need finance specialists with an MS in Finance degree from one of the top universities in the US, this degree can help you secure high-paying jobs worldwide. With the complexities of the application process and uncertainties around selection, many international students face difficulties applying for suitable programs. But not anymore.

With LeapScholar, you get expert guidance to identify the best MS in Finance programs and maximize your chances of admission and scholarships. Schedule a free counselling session today and take the first step toward a successful finance career in the US.