Masters in Finance

Masters in Finance

Overview of the Degree

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

It has a strong analytical focus which prepares you for a successful career in banking, consulting, asset management, insurance, industry, or academia. The MSc in Finance can be opted irrespective of your background.

There is an option to choose between  a business track and an accelerated track:

  • 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 to masters degree in finance.

Why should I apply to Masters in Finance programs

For the students interested in developing technical skills which they could use as a springboard for a career in Finance, the Masters in Finance program is a good choice. Also, for those who are targeting a career in investment banking or trading, Masters 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 accreditations 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.
Example, IE offers visits to Ghana, London and New York, while  HEC Paris students visit London for their study trip and companies like 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 a few of the elective courses which a candidate can choose at most Masters in Finance schools:

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

Masters-in-Finance-opportunities

Duration of Masters in Finance Programs

The duration for master of science in finance 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 Masters 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 depending on location.

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.

GMAT/GRE Scores

  • GMAT or GRE or TAGE MAGE official test score report is a prerequisite for some courses, especially top ones
  • 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 Masters 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 Masters in Finance 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%)

Placement

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

  • 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 Salary :

For the year 2016, a graduate in Masters in Finance from a top B-School has an average starting salary of 67000 Euros with graduates finding jobs 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. 

To get an in-depth insight, you can check out our blog on Master in Finance jobs and salary.   

 

masters-in-finance-salary

The Universities Rankings per Financial Times for the year 2018 are as follows-

2018 School name Programme name Country Salary today (US$)
1 Edhec Business School Edhec MSc in Financial Markets France 105455
2 HEC Paris MSc in International Finance France 118476
3 Essec Business School Master in Finance France / Singapore 107435
4 ESCP Europe Advanced Master in Finance FR / UK / DE / ES / IT 101815
5 MIT: Sloan Sloan Masters of Finance US 143654
6 Skema Business School MSc Financial Markets and Investments France 89748
7 Università Bocconi Master of Science in Finance Italy 113552
8 IE Business School Master in Finance Spain 105513
9 Warwick Business School Warwick MSc in Finance UK 93868
10 University of St Gallen HSG MA in Banking and Finance Switzerland 104036
11 University of Oxford: Saïd MSc Financial Economics UK 115302
12 Imperial College Business School MSc in Finance UK 91569
13 Esade Business School MSc in Finance Spain 93837
14 Shanghai Advanced Institute of Finance at SJTU Master of Finance China 111718
15 Kozminski University Master in Finance Poland 88988
16 Stockholm School of Economics Master in Finance Sweden 99465
17 Peking University: Guanghua Master of Finance China 122310
18 Tsinghua University School of Economics and Management Master of Finance China 119962
19 Nova School of Business and Economics International Masters in Finance Portugal 66467
20 City University: Cass MSc in Finance UK 75630
21 Grenoble Ecole de Management MSc in Finance France / UK / Singapore 72495
22 Brandeis University International Business School MA in International Economics and Finance US 94626
23 Eada Business School Barcelona International Master in Finance Spain 73855
24 EMLyon Business School MSc in Finance France 77881
25 Université Paris-Dauphine Master of Finance France 72091
26 Católica Lisbon School of Business and Economics MSc in Finance Portugal 61921
27 Lancaster University Management School MSc in Finance UK 68743
28 Frankfurt School of Finance and Management Master of Finance Germany 93752
29 Cranfield School of Management MSc in Finance and Management UK 76940
30 HEC Lausanne MSc in Finance Switzerland 77010
30 Vlerick Business School Masters in Financial Management Belgium 65457
32 ESC Rennes MSc in International Finance France 64639
33 Henley Business School MSc International Securities, Investment and Banking UK 68106
34 Boston College: Carroll Carroll MSc in Finance US 107648
35 University of Edinburgh Business School MSc in Finance and Investment UK 64098
36 Rotterdam School of Management, Erasmus University MSc in Finance and Investments Netherlands 69686
36 University College Dublin: Smurfit MSc in Finance Ireland 56936
38 University of Maryland: Smith Masters of Finance US 84692
39 Lund University School of Economics and Management Master in Finance Sweden 52794
40 ISCTE Business School MSc in Finance Portugal 42512
41 Neoma Business School MSc in International Finance France 62026
42 Illinois Institute of Technology: Stuart MSc in Finance US 83789
43 University of Rochester: Simon MSc in Finance US 81981
44 Singapore Management University: Lee Kong Chian MSc in Applied Finance Singapore 66190
45 Washington University: Olin MSc in Finance US 88750
46 HEC Montreal MSc in Finance Canada 76473
46 University of Texas at Austin: McCombs McCombs MSc in Finance US 96140
48 University of Strathclyde Business School Strathclyde MSc in Finance UK 51457
49 Tulane University: Freeman Master of Finance US 71592
49 University of Bath School of Management MSc in Accounting and Finance UK 40735
51 Durham University Business School MSc in Finance UK 55722
52 University of Utah: Eccles MSc in Finance US 86355
53 CUHK Business School MSc in Finance China 71533
54 Leeds University Business School MSc in Accounting and Finance UK 37784
55 Ohio State University: Fisher Specialized Master in Finance US 80525
56 Lingnan College at Sun Yat-sen University MSc in Finance China 60174
57 Fordham University: Gabelli MSc in Global Finance US 65668
58 Tilburg University Master in Finance Netherlands 55644
59 Adam Smith Business School, University of Glasgow MSc in International Finance UK 35164
60 Universidad Adolfo Ibanez MSc in Finance Chile 47509

You can also check out the following schools making a name in Finance programs.

School name Programme name Country
London Business School Masters in Financial Analysis UK
Columbia University Quantitative Methods in the Social Sciences  US
Johns Hopkins University MS in Finance/ Master of International Economics and Finance US
New York University MS in Accounting/MS in MathFin US
USC Marshall School of Business MS in Finance US
University of Texas  Texas Master of Science in Finance US
Yale University MS in International and Development Economics. US
Duke Fuqua Master of Quantitative Management US
University of Illinois at Urbana–Champaign Master of Science in Finance US

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

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

Check out our Masters in Finance Essay Editing Page - Click Here