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.
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 Taxation||Capital Market|
|Corporate Strategy and Financial Institution||Conduct of Debt Restructuring Transactions|
|Energy and Finance||Energy Markets|
|Financial Engineering and Derivatives||Financial 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.
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.
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-
|2016||School name||Programme name||Country||Salary today (US$)|
|1||HEC Paris||MSc in International Finance||France||96260|
|2||ESCP Europe||Advanced Master in Finance||France / UK / Germany / Spain / Italy||85806|
|3||IE Business School||Master in Finance||Spain||96076|
|4||Edhec Business School||EDHEC MSc in Financial Markets||France||84180|
|5||MIT: Sloan||MIT Sloan Masters of Finance||US||117395|
|6||Esade Business School||MSc in FInance||Spain||81267|
|7||Essec Business School||Advanced Master In Financial Techniques||France / Singapore||79021|
|8||University of St Gallen||HSG MA in Banking and Finance||Switzerland||88902|
|9||Università Bocconi||Master of Science in Finance||Italy||88692|
|10||Skema Business School||MSc Financial Markets and Investments||France||69183|
|11||University of Oxford: Saïd||MSc Financial Economics||UK||91130|
|12||Grenoble Ecole de Management||MSc Finance||France / UK / Singapore||63932|
|13||Imperial College Business School||MSc in Finance||UK||74756|
|14||Nova School of Business and Economics||International Masters in Finance||Portugal||56373|
|15||Peking University: Guanghua||Master of Finance||China||93572|
|16||Stockholm School of Economics||Master of Science in Finance||Sweden||81354|
|16||Warwick Business School||Warwick MSc in Finance||UK||68186|
|18||Kozminski University||Master in Finance||Poland||80393|
|19||Eada Business School Barcelona||International Master in Finance||Spain||69468|
|20||Frankfurt School of Finance and Management||Master of Finance||Germany||80772|
|21||HEC Lausanne||MSc in Finance||Switzerland||72657|
|22||Rotterdam School of Management, Erasmus University||MSc Finance and Investments||Netherlands||65702|
|23||Vlerick Business School||Masters in Financial Management||Belgium||62561|
|24||EMLyon Business School||MSc Finance||France||77949|
|25||Cranfield School of Management||MSc in Finance and Management||UK||64829|
|26||City University: Cass||MSc in Finance||UK||60642|
|27||Brandeis University International Business School||Master of Arts in International Economics and Finance||US||74234|
|28||Shanghai Jiao Tong University, Saif||Master of Finance||China||80218|
|29||University of Hong Kong||Master of Finance||China||74830|
|30||Neoma Business School||MSc in International Finance||France||60719|
|30||Lancaster University Management School||MSc in Finance||UK||55223|
|32||Lund University School of Economics and Management||Master programme in Finance||Sweden||51096|
|33||University of Strathclyde Business School||Strathclyde MSc in Finance||UK||52210|
|34||University College Dublin: Smurfit||MSc Finance||Ireland||53813|
|35||Washington University: Olin||Master of Science in Finance||US||77705|
|35||Illinois Institute of Technology: Stuart||MSc in Finance||US||76852|
|37||Queen Mary, University of London||MSc Investment and Finance||UK||52368|
|38||University of Edinburgh Business School||MSc in Finance and Investment||UK||55370|
|39||University of Rochester: Simon||Masters of Science in Finance||US||73418|
|40||Henley Business School||MSc International Securities, Investment and Banking||UK||48643|
|40||Durham University Business School||MSc Finance||UK||54687|
|42||Singapore Management University: Lee Kong Chian||MSc in Applied Finance||Singapore||64269|
|43||Tulane University: Freeman||Master of Finance||US||65659|
|44||QUT Business School||Master of Business (Applied Finance)||Australia||48981|
|45||ESC Rennes||MSc in International Finance||France||56639|
|45||Ohio State University: Fisher||Specialized Master in Finance||US||76570|
|47||Nottingham University Business School||MSc Finance and Investment||UK||41210|
|48||Adam Smith Business School, University of Glasgow||MSc in International Finance||UK||38619|
|49||Tilburg University||Master in Finance||Netherlands||51588|
|50||University of Bath School of Management||MSc in Accounting and Finance||UK||33496|
|51||Universidad Adolfo Ibanez||Master of Science in Finance||Chile||50338|
|52||Lingnan College at Sun Yat-sen University||MSc in Finance||China||54633|
|53||Aston Business School||MSc in Investment Analysis||UK||36906|
|54||University of Utah: Eccles||MSc in Finance||US||78574|
|55||University of Liverpool Management School||MSc in Finance||UK||31844|
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.