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Masters In Finance

A Deep Dive into the Masters in Finance Program

In an increasingly complex and dynamic financial world, a deep understanding of financial systems, principles, and strategies is not just desirable it's crucial. This is where a Masters in Finance can serve as a powerful catalyst for career growth and success. This program equips students with a robust foundation in financial theory, coupled with practical skills to navigate the intricate world of finance.

Whether it's managing investments, deciphering the mysteries of financial markets, or crafting robust financial strategies for businesses, a Masters in Finance offers the key to unlock these opportunities.

MFin abroad : A Snapshot 

College Program Duration Full-time MBA Tuition Fees Full-time MBA Average Salary Average GMAT
University of Illinois 15 months $72,963 $70,842 690
Princeton University 2 years $62,860 $199,000 -
University of Fordham 1 year $65,136 $71,734 670
Duke University Not accepting applications $113,753 - 690
University of McCombs 10 Months $53,000 $81,055 660
Boston University 1 year - 20 months $31,899 per semester $125,080 690
University of Michigan 12-16 months $58,615 $66,000 720
University of Oxford 9 months £55,630 £66,880 750
University of Cambridge 1 Year £55,080 £1,08,015 700
London Business School 10-16 months £62,500 £94,340 710
London School of Economics 10 months £44,928 £55,000 680
Imperial College London 1 year £45,400 £44,433 NA
University College London 1 year £44,400 £30,000 NA
Bayes Business School 24 months £68,000 £52,167 660
King's College London 1 year £19,000 - NA
University of Warwick 1 year £35,500 £24,658 645
HEC Paris 10 Months €43,800 €78,000 710
EDHEC Business School 2 Years €47,200 €69,694 550
ESCP Business School 15 Months €29,100 €97,000 -
ESSEC Business School 1-2 Years €30,000 €72,489 -
IÉSEG School of Management 2 Years €17,900 €61,417 690
Emlyon Business School 2 Years €27,900 €70,700 -
Grenoble Ecole de Management 2 Years €19,750 - -
Schulich School of Business 12 Months CAD 84,100 CAD 80,000 690
Queens University 12 Months CAD 73,300 CAD 78,852 600
UBC Sauder School of Business 24 Months CAD 9,313 CAD 46,121 640
McGill University 16 Months CAD 63,345 CAD 150,000 690

Eligibility for Masters in Finance

masters in finance

To pursue a Masters Degree in Finance, there are several prerequisites and requirements that prospective students must fulfill. Here is a general list, but remember that specifics might vary across different institutions:

Bachelor's Degree While having a bachelor's degree in finance, business, or a related field can be beneficial, many programs accept students from a wide range of academic backgrounds.
Strong Academic Record Universities often look for students who have demonstrated academic excellence in their previous studies.
Quantitative Skills  A Master's degree in finance is typically math-intensive. As such, having strong quantitative skills and a good understanding of areas like calculus, statistics, and algebra can be advantageous.
GMAT/GRE Scores Many Master's in Finance programs require applicants to take the GMAT or the GRE. These tests measure your verbal and quantitative reasoning, critical thinking, and analytical writing skills.
Work Experience While not always a prerequisite, some finance programs prefer candidates with some relevant professional experience. However, there are also plenty of programs that accept recent graduates.

Fees and Expenses 

masters in finance

In pursuing a Master of Finance (MFin) degree, prospective students often consider various factors, including tuition fees and associated expenses. Understanding the financial commitments involved is crucial for planning and decision-making. For expample Tuition fees for MFin programs in the US can vary depending on the university and program, typically ranging from approximately $30,000 to $60,000 per year.


 Students may choose to live on-campus, off-campus, or explore alternative housing options to suit their preferences and budget. Rent, security deposits, and utilities (e.g., electricity, water, internet) are key components of accommodation expenses.


Food expenses are an essential aspect of MFin expenses and can vary based on individual dietary preferences, dining habits, and location. Students may opt for meal plans offered by their university or choose to cook meals at home to save costs.


Transportation expenses are another consideration for MFin students, especially those studying in urban areas or abroad. Depending on the location of their university and accommodation, students may incur costs related to public transportation (e.g., bus, subway, train fares), fuel and maintenance for personal vehicles, or alternative transportation methods like biking or ridesharing. 


Utilities encompass essential services such as electricity, water, heating, and internet, which are necessary for comfortable living accommodations during the MFin program. 

Expense  Amount 
Accomodation $23,820 (for 18 Months)
Food $9,460
Transport $3,428
Utilities $9,420

MFin Abroad Scholarships

In the pursuit of a Master of Finance (MFin) degree abroad, scholarships play a pivotal role in facilitating access to higher education and alleviating financial burdens for aspiring students. Scholarships are prestigious awards offered by various institutions, organizations, governments, and foundations to support deserving students in their academic endeavors

MFin Job Market and Salary

masters in finance

Recent surveys and reports indicate that individuals with a Master's in Finance often receive competitive salary packages, thanks to their specialized skills and expertise in the domain. On average, professionals holding this degree can expect to earn between $70,000 and $120,000 annually.

Master of Finance (MFin) graduates have a diverse array of career opportunities awaiting them across various sectors of the financial industry. From roles in diversified financial services, asset management, and investment banking/brokerage to private equity/venture capital and FinTech, the career landscape for MFin professionals is rich with possibilities. 

Job Roles  Average Salary (per year)
Financial Analyst  $71,635 
Wealth Manager $77,724 
Forensic Accountant   $80,480
Investment Banking Analyst  $88,197 
Personal Finacial Officer $91,931 

MFin abroad : Without GRE

masters in finance

In recent years, an increasing number of universities offering Master of Finance (MFin) programs abroad have begun to waive the requirement for the Graduate Record Examination (GRE), providing an alternative pathway for prospective students.

This shift in admission criteria offers greater accessibility and flexibility, particularly for candidates who may not excel in standardized testing environments or who wish to streamline their application process.

  • Massachusetts Institute of Technology
  • Purdue University
  • Stevens Institute of Technology
  • The University of Dayton
  • University of Bridgeport 
  • Boston University


A Master's in Finance is a valuable investment in your future. It's a degree that offers both depth and breadth in the field of finance, providing the skills and knowledge to navigate the complex world of financial markets, corporate finance, and financial decision-making. Whether you're looking to advance in your current career, switch roles or industries, or simply deepen your understanding of finance, an Masters in Finance can open up a range of opportunities.

What qualifications do I need to apply for an MFin program?

Typically, you would need an undergraduate degree from a recognized university. Some programs may require a degree in a related field, such as economics, finance, or mathematics, but many are open to all disciplines. Some work experience in finance can be beneficial, but it's not always necessary. You will also typically need to provide GMAT or GRE scores, and if you're a non-native English speaker, proof of English proficiency.

Can I pursue an MFin degree if my undergraduate degree isn't in finance?

Yes, many MFin programs accept students with a variety of undergraduate backgrounds. However, you may need to demonstrate quantitative skills and a basic understanding of financial principles.

How long does it take to complete an MFin degree?

Most full-time MFin programs take one to two years to complete, although part-time and online options may take longer.

What career opportunities will I have after completing an MFin degree?

An MFin degree can lead to various roles in the financial industry, including investment banking, risk management, financial analysis, asset management, financial consulting, and more.

What is the typical cost of an MFin program?

The cost of an MFin program can vary widely depending on the university, the country, and the duration of the program. You might also need to consider living expenses and other costs like textbooks and materials.

Know Your Author
Photo of Rohit
Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
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