MSc in Finance

MSc in Finance

An Overview of the Degree

MSc in Finance caters to highly-motivated top achieving graduates looking to become future financial leaders. 

The Masters in Finance has a strong analytical focus which prepares you for a successful career in banking, consulting, asset management, insurance, industry, or academia.

Regardless of the fact whether or not one has a background in finance, this program can be opted upon.

There is an option to choose between business and finance (business track) or economics, maths, physics, engineering (accelerated track) backgrounds.

 

  • Business track: This usually caters to students who already have a basic knowledge of finance and thus directly begin with advanced courses such as financial accounting, corporate finance, financial markets, derivatives, and statistics.
  • Accelerated track: This is for students who have received first class education in a highly quantitative field (Maths, Physics, Engineering, Econometrics) and wish to switch their field to finance.

 

Why should I apply to MSc in Finance programs

For the students interested in developing technical skills which they could use as a springboard for a career in Finance, the MSc in Finance program is a good choice.

Also, for those who are targeting a career in investment banking or trading, MSc in Finance will be the right way to go.

The program is aimed towards building  a strong Financial base, with courses in Financial Theory, Mathematics, Quantitative Finance, Investments, Markets, Financial Reporting and Analysis.

In addition to the qualification you will receive from your institution, you may also be able to take high-level professional accreditation such as the Chartered Financial Analyst (CFA) exam designed to test candidates’ readiness for the professional finance world.

Additionally most Schools offer  study trips abroad to get a better perspective of the industry.

For example IE offers visits to Ghana, London and New York, while  HEC Paris students visit London for their study trip and companies such as BNP Paribas, Société Générale, Deutsche Bank, Crédit Suisse, Barclays, Goldman Sachs to gain a professional experience.

 

Eective courses

Schools also offer various electives to choose from.

The following are few of the elective courses which a candidate studying MSc in Finance can choose:

Business TaxationCapital Market
Corporate Strategy and Financial InstitutionConduct of Debt Restructuring Transactions
Energy and FinanceEnergy Markets
Financial Engineering and DerivativesFinancial Solutions for Corporation

Duration of MSc in Finance programs

The duration of this program generally spans anywhere between 12 to 18 months.

In schools such as HEC Paris, EDHEC MSc Economics, MIT Sloan school of Management it is mandatory to do an internship. Also, students write a professional thesis as a part of their curriculum.

 

Admission requirement for Masters in Finance programs

Candidate must be fluent in English and have a strong quantitative background with preferably prior training (at least introductory level) in financial accounting, corporate finance, investments, derivatives, business statistics, and calculus.

Coming to the academics, some schools will need individuals to hold a Bachelor or Master's degree from an international institution - 2:1 honors or above.

 

Admission Process

There is a two-step process for applying to MSc in Finance.

  • A first selection is made based on the evaluation of your application and supporting documents. (Essays, LOR, Resume)
  • The pre-selected candidates will then be invited for a face-to-face or Skype interview.

Selection is done on the basis of the overall profile including test scores, extracurriculars and previous work experience (if any). Any experience in the financial sector is an added advantage.

 

Do I need a GMAT/GRE scores?


1.
GMAT
or GRE or TAGE MAGE official test score report is a prerequisite for some courses, especially the top ones

2.English language proficiency test score report (TOEFL or TOEIC or IELTS or Cambridge) may also be needed

Also, to be on the safer side to get interview call from top 5 ranked college for Master in Finance a score of 680 in GMAT or 325 in GRE is preferable.

 

Class Profile

Here is an example of the class profile of a top 5 M.Fin school

Class size: 103

Median GMAT – 710

Average Work experience - 1 Year

Average Age Range – 21-29

Average International Students - 88%

Background of Student - Business Administration, Management (39%), Engineering (34%), Economics (22%), Others (5%).

Some of the top employers hiring from Masters in Finance are AIG, Citi, Bank of China, Moody's Cooperation, Flint Capital, Landmark Partners.

Job functions: 75% financial services; 20% consulting and 5% others

Financial Service sector: BNP Paribas, Citi, Goldman Sachs, HSBC, State Street Corporation.

Audit sector: PricewaterhouseCoopers (PwC), Ernst & Young (E&Y), Klynveld Peat Marwick Goerdeler (KPMG), Deloitte Touche Tohmatsu Limited.

Banking Sector: HSBC, Bank of America, Wells Fargo, Citibank, Chase, and Barclays.

 

 Average MSc in Finance Salary

For the year 2016, an MSc in Finance graduates from top B-School starting average salary was 67000 Euros with graduates finding the job all over the world.

Average Salary after 3 years of graduation is more than 93000USD

The employment rate is around 98% within 3 months of graduation and 63% have 2 to 5 job offers to choose from.

The MSc in Finance Rankings per Financial Times for the year 2016 are as follows-

2016School nameProgramme nameCountrySalary today (US$)
1HEC ParisMSc in International FinanceFrance96260
2ESCP EuropeAdvanced Master in FinanceFrance / UK / Germany / Spain / Italy85806
3IE Business SchoolMaster in FinanceSpain96076
4Edhec Business SchoolEDHEC MSc in Financial MarketsFrance84180
5MIT: SloanMIT Sloan Masters of FinanceUS117395
6Esade Business SchoolMSc in FInanceSpain81267
7Essec Business SchoolAdvanced Master In Financial TechniquesFrance / Singapore79021
8University of St GallenHSG MA in Banking and FinanceSwitzerland88902
9Università BocconiMaster of Science in FinanceItaly88692
10Skema Business SchoolMSc Financial Markets and InvestmentsFrance69183
11University of Oxford: SaïdMSc Financial EconomicsUK91130
12Grenoble Ecole de ManagementMSc FinanceFrance / UK / Singapore63932
13Imperial College Business SchoolMSc in FinanceUK74756
14Nova School of Business and EconomicsInternational Masters in FinancePortugal56373
15Peking University: GuanghuaMaster of FinanceChina93572
16Stockholm School of EconomicsMaster of Science in FinanceSweden81354
16Warwick Business SchoolWarwick MSc in FinanceUK68186
18Kozminski UniversityMaster in FinancePoland80393
19Eada Business School BarcelonaInternational Master in FinanceSpain69468
20Frankfurt School of Finance and ManagementMaster of FinanceGermany80772
21HEC LausanneMSc in FinanceSwitzerland72657
22Rotterdam School of Management, Erasmus UniversityMSc Finance and InvestmentsNetherlands65702
23Vlerick Business SchoolMasters in Financial ManagementBelgium62561
24EMLyon Business SchoolMSc FinanceFrance77949
25Cranfield School of ManagementMSc in Finance and ManagementUK64829
26City University: CassMSc in FinanceUK60642
27Brandeis University International Business SchoolMaster of Arts in International Economics and FinanceUS74234
28Shanghai Jiao Tong University, SaifMaster of FinanceChina80218
29University of Hong KongMaster of FinanceChina74830
30Neoma Business SchoolMSc in International FinanceFrance60719
30Lancaster University Management SchoolMSc in FinanceUK55223
32Lund University School of Economics and ManagementMaster programme in FinanceSweden51096
33University of Strathclyde Business SchoolStrathclyde MSc in FinanceUK52210
34University College Dublin: SmurfitMSc FinanceIreland53813
35Washington University: OlinMaster of Science in FinanceUS77705
35Illinois Institute of Technology: StuartMSc in FinanceUS76852
37Queen Mary, University of LondonMSc Investment and FinanceUK52368
38University of Edinburgh Business SchoolMSc in Finance and InvestmentUK55370
39University of Rochester: SimonMasters of Science in FinanceUS73418
40Henley Business SchoolMSc International Securities, Investment and BankingUK48643
40Durham University Business SchoolMSc FinanceUK54687
42Singapore Management University: Lee Kong ChianMSc in Applied FinanceSingapore64269
43Tulane University: FreemanMaster of FinanceUS65659
44QUT Business SchoolMaster of Business (Applied Finance)Australia48981
45ESC RennesMSc in International FinanceFrance56639
45Ohio State University: FisherSpecialized Master in FinanceUS76570
47Nottingham University Business SchoolMSc Finance and InvestmentUK41210
48Adam Smith Business School, University of GlasgowMSc in International FinanceUK38619
49Tilburg UniversityMaster in FinanceNetherlands51588
50University of Bath School of ManagementMSc in Accounting and FinanceUK33496
51Universidad Adolfo IbanezMaster of Science in FinanceChile50338
52Lingnan College at Sun Yat-sen UniversityMSc in FinanceChina54633
53Aston Business SchoolMSc in Investment AnalysisUK36906
54University of Utah: EcclesMSc in FinanceUS78574
55University of Liverpool Management SchoolMSc in FinanceUK31844

You can also check out London Business School Masters in Financial Analysis (MFA) which is making a name for itself in Finance programs.

If you need a detailed profile evaluation of your chances at MSc in Finance program the MiM Profile Evaluation, it will give you a good assessment of your strengths, weaknesses and overall chances at Master in Finance.

Interested in understanding how to take your M Fin application to the next level?

Check out our Masters in Finance Essay Editing Page.