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.

Elective 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 2017 are as follows-

2017School nameProgramme nameCountrySalary today (US$)
1Edhec Business SchoolEdhec MSc in Financial MarketsFrance105455
2HEC ParisMSc in International FinanceFrance118476
3Essec Business SchoolMaster in FinanceFrance / Singapore107435
4ESCP EuropeAdvanced Master in FinanceFR / UK / DE / ES / IT101815
5MIT: SloanSloan Masters of FinanceUS143654
6Skema Business SchoolMSc Financial Markets and InvestmentsFrance89748
7Università BocconiMaster of Science in FinanceItaly113552
8IE Business SchoolMaster in FinanceSpain105513
9Warwick Business SchoolWarwick MSc in FinanceUK93868
10University of St GallenHSG MA in Banking and FinanceSwitzerland104036
11University of Oxford: SaïdMSc Financial EconomicsUK115302
12Imperial College Business SchoolMSc in FinanceUK91569
13Esade Business SchoolMSc in FinanceSpain93837
14Shanghai Advanced Institute of Finance at SJTUMaster of FinanceChina111718
15Kozminski UniversityMaster in FinancePoland88988
16Stockholm School of EconomicsMaster in FinanceSweden99465
17Peking University: GuanghuaMaster of FinanceChina122310
18Tsinghua University School of Economics and ManagementMaster of FinanceChina119962
19Nova School of Business and EconomicsInternational Masters in FinancePortugal66467
20City University: CassMSc in FinanceUK75630
21Grenoble Ecole de ManagementMSc in FinanceFrance / UK / Singapore72495
22Brandeis University International Business SchoolMA in International Economics and FinanceUS94626
23Eada Business School BarcelonaInternational Master in FinanceSpain73855
24EMLyon Business SchoolMSc in FinanceFrance77881
25Université Paris-DauphineMaster of FinanceFrance72091
26Católica Lisbon School of Business and EconomicsMSc in FinancePortugal61921
27Lancaster University Management SchoolMSc in FinanceUK68743
28Frankfurt School of Finance and ManagementMaster of FinanceGermany93752
29Cranfield School of ManagementMSc in Finance and ManagementUK76940
30HEC LausanneMSc in FinanceSwitzerland77010
30Vlerick Business SchoolMasters in Financial ManagementBelgium65457
32ESC RennesMSc in International FinanceFrance64639
33Henley Business SchoolMSc International Securities, Investment and BankingUK68106
34Boston College: CarrollCarroll MSc in FinanceUS107648
35University of Edinburgh Business SchoolMSc in Finance and InvestmentUK64098
36Rotterdam School of Management, Erasmus UniversityMSc in Finance and InvestmentsNetherlands69686
36University College Dublin: SmurfitMSc in FinanceIreland56936
38University of Maryland: SmithMasters of FinanceUS84692
39Lund University School of Economics and ManagementMaster in FinanceSweden52794
40ISCTE Business SchoolMSc in FinancePortugal42512
41Neoma Business SchoolMSc in International FinanceFrance62026
42Illinois Institute of Technology: StuartMSc in FinanceUS83789
43University of Rochester: SimonMSc in FinanceUS81981
44Singapore Management University: Lee Kong ChianMSc in Applied FinanceSingapore66190
45Washington University: OlinMSc in FinanceUS88750
46HEC MontrealMSc in FinanceCanada76473
46University of Texas at Austin: McCombsMcCombs MSc in FinanceUS96140
48University of Strathclyde Business SchoolStrathclyde MSc in FinanceUK51457
49Tulane University: FreemanMaster of FinanceUS71592
49University of Bath School of ManagementMSc in Accounting and FinanceUK40735
51Durham University Business SchoolMSc in FinanceUK55722
52University of Utah: EcclesMSc in FinanceUS86355
53CUHK Business SchoolMSc in FinanceChina71533
54Leeds University Business SchoolMSc in Accounting and FinanceUK37784
55Ohio State University: FisherSpecialized Master in FinanceUS80525
56Lingnan College at Sun Yat-sen UniversityMSc in FinanceChina60174
57Fordham University: GabelliMSc in Global FinanceUS65668
58Tilburg UniversityMaster in FinanceNetherlands55644
59Adam Smith Business School, University of GlasgowMSc in International FinanceUK35164
60Universidad Adolfo IbanezMSc in FinanceChile47509

You can also check out the following schools which are making a name for itself in Finance programs.

School nameProgramme nameCountry
London Business SchoolMasters in Financial AnalysisUK
Columbia UniversityQuantitative Methods in the Social Sciences US
Johns Hopkins UniversityMS in Finance/ Master of International Economics and FinanceUS
New York UniversityMS in Accounting/MS in MathFinUS
USC Marshall School of BusinessMS in FinanceUS
University of Texas Texas Master of Science in FinanceUS
Yale UniversityMS in International and Development Economics.US
Duke FuquaMaster of Quantitative ManagementUS
University of Illinois at Urbana–ChampaignMaster of Science in FinanceUS

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.