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Masters in Finance Eligibility

masters in finance eligibility

Studying finance abroad exposes you to a global perspective on financial markets, policies, and practices. It allows you to gain insights into different financial systems and how they operate in various countries, providing you with a broader understanding of finance on a global scale. Recognizing and comprehending programs' Masters in Finance eligibility criteria is imperative to make the most of these educational opportunities.

Finance Masters eligibility

The eligibility criteria for a Master's in Finance program can vary depending on the university and country where you plan to study. However, there are some common eligibility requirements that you can expect for many finance master's programs worldwide. Here are typical eligibility criteria:

Academic Qualifications:

  • Typically, candidates should hold a bachelor's degree or its international equivalent from a recognized institution with 70-80%
  • Strong academic performance is often required, with a minimum GPA specified by the university. 

Undergraduate Degree Specialization:

  • While not always mandatory, having a background in finance, economics, or a related field can be advantageous and may fulfill specific prerequisites.
  • Some programs may require prerequisite coursework in finance or quantitative subjects for non-finance majors.

Language Proficiency:

  • Proficiency in the language of instruction (often English) is essential.
  • Many universities require international applicants to demonstrate language proficiency through standardized tests like TOEFL or IELTS.
TOEFL 80-100
IELTS 6.0-7.5
PTE 50-59

Relevance of GMAT/GRE scores in the application process

  • Many MFin programs require GMAT or GRE scores as part of the application process.
  • These scores are used to assess a candidate's quantitative, analytical, and critical thinking skills, which are important for success in a finance program.
  • Some universities may offer waivers for GMAT/GRE requirements, particularly for candidates with significant work experience or strong academic backgrounds.
  • The importance of these scores in the application process can vary; some universities place heavy emphasis on them, while others consider them as one of several factors.
GMAT 700
GRE 320

Work Experience 

Work experience is a crucial factor in admissions consideration. While many universities set a minimum requirement for work experience, others do not require any prior work experience. Typically, a work experience of 3-4 years is necessary for admission.

Application Documents 

When applying for a Master of Finance (MFin) program, prospective students are typically required to submit a set of application documents to be considered for admission. 

  • Education transcripts of previous institutions
  • Standardised test scores (GRE-GMAT)
  • Letter of Recommendation (1-2)
  • English Language Test Scores
  • Updated Resume or CV
  • Statement of Purpose
  • Valid Passport
  • Study Permit

(Note: These application documents are dependent on differet colleges, some might ask for other documents based on thier specific requirements)

Countrywise Eligibility Citeria 

masters in finance eligibility

Eligibility criteria for academic programs, job positions, and various opportunities can vary significantly from one country to another. These differences are often influenced by cultural norms, educational systems, and local regulations. 


Eligibility criteria for a Master's in Finance program in the USA typically include:

  • Bachelor's degree: You must have completed a four-year bachelor's degree from an accredited institution.
  • Academic transcripts: You need to provide official transcripts of your undergraduate coursework.
  • Minimum GPA: Many programs require a minimum undergraduate GPA, often around 3.0 on a 4.0 scale.
  • GMAT or GRE scores: Some programs may require standardized test scores, such as the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE).
  • Resume or CV: A detailed resume or curriculum vitae outlining your academic and professional experience is usually required.
  • English proficiency: If English is not your native language, you will likely need to demonstrate proficiency through tests like TOEFL or IELTS.
  • Work experience (optional): Some programs may prefer or require applicants to have prior work experience in finance or related fields.
  • Interview: Some schools may require an interview as part of the application process.
  • Application fee: Be prepared to pay an application fee when submitting your application.


Eligibility criteria for a Master's in Finance program in the UK typically include:

  • A relevant bachelor’s or undergraduate degree in Finance, Economics, or Mathematics, Science or Engineering with more than 60% marks
  • English language proficiency (IELTS scores)
  • Eligible GMAT/GRE test scores 
  • A-level or equivalent score in Mathematics
  • Work experience (if applicable)
  • A valid Indian passport
  • A valid UK student visa


Eligibility criteria for a Master's in Finance program in the Australia typically include:

  • Educational Background: A bachelor's degree in a related field is typically required.
  • Minimum GPA: Some universities may have a minimum GPA requirement, usually around 2.5 to 3.0 on a 4.0 scale.
  • Language Proficiency: Proof of English language proficiency is usually required through tests like IELTS or TOEFL, or proficiency in German for programs taught in the German language.
  • Standardized Tests: While GRE or GMAT scores are not commonly required, they can enhance your application.
  • Work Experience: Work experience is not typically mandatory for admission to Master's in Finance programs in Germany, but it may be considered as a bonus.
  • References/Recommendations: You may be required to provide academic or professional references, typically two or three letters of recommendation.
  • Interview: Some programs may conduct interviews as part of the admission process.
  • Visa and Immigration Requirements: International students need to meet visa and immigration requirements for studying in Germany.


Eligibility criteria for a Master's in Finance program in the Germany typically include:

  • Bachelor's Degree: A completed bachelor's degree from a recognized institution.
  • Minimum GPA: Many universities may require a minimum grade point average (GPA) for your undergraduate studies, often around 2.5 to 3.0 on the German grading scale.
  • English Language Proficiency: Proof of English proficiency through tests like IELTS or TOEFL (for programs taught in English) or German language proficiency (for programs in German).
  • Standardized Tests (Varies): Some universities may require GRE or GMAT scores, though it's becoming less common.
  • Work Experience (Optional): Work experience is not always mandatory, but some programs may prefer candidates with relevant professional experience.
  • Letters of Recommendation:Typically, two to three letters of recommendation from academic or professional references.
  • German Language Proficiency (Varies): Depending on the program and university, you may need to demonstrate proficiency in the German language, especially if the program is taught in German.

Top Universities Offering MFin 

The Master of Finance program has emerged as a sought-after qualification for individuals aiming to excel in the finance industry. With the increasing complexity of financial markets and the growing demand for specialized financial expertise, many prestigious universities around the world offer MFin programs tailored to equip students with the necessary skills and knowledge to thrive in this field.

1 ESCP Business School France
2 HEC Paris France
3 ESSEC Business School France
4 SKEMA Business School France
5 Tsinghua University School Of Economics and China


In summary, choosing for a Master in Finance can be a strategic and invaluable decision for individuals aiming to raise their careers in the financial sector. This educational path provides an opportunity to acquire expertise in a vital field that plays an important role in the global economy, supporting substantial growth in both personal and professional capacities.

Is a bachelor's degree required to pursue a Master's in Finance abroad?

Yes. A bachelor's degree is typically required for admission to a Master's in Finance program.

Is work experience necessary for admission to most Master's in Finance programs abroad?

No. While work experience can strengthen your application, it's not always a strict requirement. Some programs may offer options for both fresh graduates and those with work experience.

Are standardized tests like the GRE or GMAT mandatory for Master's in Finance applications abroad?

It varies. Many universities no longer require these tests, but some may still request GRE or GMAT scores as part of their admission process. Check with individual programs for their specific requirements.

Do I need to provide letters of recommendation as part of my application?

Yes, many Master's in Finance programs abroad require letters of recommendation from academic or professional references. Check the program's application requirements for the number and type of recommendations needed.

Know Your Author
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Abhyank Srinet
Study Abroad Expert
Abhyank Srinet, the founder of, is a globally recognized expert in study abroad and admission consulting.His passion lies in helping students navigate the complex world of admissions and achieve their academic dreams. Having earned a Master's degree in Management from ESCP Europe, Abhyank's expertise in data-driven marketing strategies has driven growth for some of the most competitive industries. As the founder of, he has helped thousands of students get into top business schools with a strong emphasis on research, shortlisting, and applying to schools from a single platform. His dedication to education has also led him to create MentR-Me, a free-to-use social platform that simplifies the study abroad process for students, while providing universities with a powerful recruitment tool. As a leader in the field of admission consulting, he is constantly researching and implementing the latest strategies to ensure that his clients receive the best possible guidance. He leads the Business Development and Digital Marketing side of both companies, and has grown both ventures to 7 figure revenue.His unique insights, experience, and dedication to his clients make him a valuable resource for anyone seeking to advance their education or career.
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