The United States is home to some of the world’s largest banks, including JPMorgan and Goldman Sachs. With the world’s largest economy, pursuing a Master of Finance degree in the United States is an excellent approach to begin your finance career.
If you’re a recent graduate seeking for a job in the business, a Master of Finance degree provides a solid foundation in finance ideas as well as experience and connections with some of the country’s best firms.
To assist you in selecting the best program, we have created a list of the top six Masters in Finance programs in the United States, as ranked by the Financial Times and QS in the most recent Master in Finance rankings.
1. University of Southern California, Marshall School of Business
The Master of Science in Finance at USC Marshall, located in sunny California, begins with a week-long math boot camp to get you into the mentality of a financial analyst.
While several of the institutions on this list provide an optional summer internship, USC incorporates it into the MSF program along with career guidance specialized to finance careers. This assistance enabled 95% of the class of 2019 to receive job offers. According to the class employment report, the average Master of Finance salary for USC graduates in 2020 was $75,871.
More good news for international students: the entire program is STEM designated, which means that students on an F-1 visa can apply for a 24-month extension of their optional practical training (OPT) after graduation. This means you can stay and work in the United States for up to three years without the need for an H-1B visa.
2. Massachusetts Institute of Technology, Sloan School of Management
MIT is known around the world for its expertise in STEM instruction and the Master in Finance program is no exception.
The class size for this list is big at 123 students, with an average of 16 months’ experience across the cohort.
For students who desire to further specialize their studies, the STEM-designated program provides four potential concentrations: financial engineering, impact finance, capital markets, or corporate finance.
The school also provides Action Learning modules, which allow students to apply their curriculum in a practical setting. MiF students, for example, work alongside corporate partners in the school’s Finance Lab to perform various data analytic assignments.
3. University of California Los Angeles, Anderson
With a 100% employment record six months after graduating in 2020, the Master in Financial Engineering at UCLA Anderson is a solid choice for anyone seeking to the US for their finance study.
It’s location in the international crossroad of Los Angeles, gives students access to financial and commercial opportunities post-graduation. The location also means MiFE graduates gain high salaries with an average post-graduation salary of $129,000.
If you want to leave the West Coast after graduation, UCLA Anderson has links all throughout the UC’s East Coast, including career-focused personnel in Manhattan.
4. University California Berkeley Haas
Another Californian Master of Financial Engineering program on the list with a strong employment track record; 99% of students in 2022 obtained job offers with an average base salary of $150,190. Alumni of the UC Berkeley school typically work in investment banking and asset management for large corporations such as BlackRock, Barclays, Goldman Sachs, and JP Morgan Chase.
The Master of Financial Engineering program at UC Berkeley is flexible; the conventional full-time program lasts one year, but there is a part-time alternative for students who want to work while studying.
5. University of Rochester, Simon Business School
The University of Rochester, located in upstate New York on Lake Ontario, is one of the lesser-known schools on this list. Despite this, the Simon Business School’s MS in Finance has a STEM certification and is ranked second on the Financial Times’ list of the Best Master of Finance. 64% of the 2020 graduating class secured top finance jobs at EY and Bank of China; alumni have also found success in accounting services and media organizations like Bloomberg.
The current STEM-designated MS in Finance class has a nearly equal male-female ratio, 53% to 47%, and is made up of nationalities from 20 different countries.
6. University of Texas at Austin, McCombs School of Business
For ambitious finance professionals, Austin is an excellent destination to learn. Forbes named it the best city in the US for jobs, while the Financial Times named UT Austin’s Master of Finance program the third best in the country in 2020.
The program ranks 45th overall on the FT list and has the highest graduating income of the FT-ranked US schools at $100,680, which is comparable to many post-experience graduate wages.
The McCombs MiF is one of the shortest programs on this list, lasting only 10 months, yet the entire program is STEM-certified. Energy Finance, Corporate Finance, Consulting, Asset Management, and Investment Banking are among the five specialities available through the curriculum. Students can also take part in a business Practicum over the last half of the fall semester and the first half of the spring semester, working directly with sponsoring companies within their area of interest.
The program isn’t the most gender-balanced, with only 25% of the cohort being female, but the small class sizes ensure that you’ll be welcomed into a welcoming community. The results speak for themselves; previous recruiters have included major brands such as Deloitte, JP Morgan, and Wells Fargo.
If you want to work in finance, a US Master of Finance from one of these schools is a great place to start.
The STEM certificates given by all of these schools, particularly if you are an international student, present an appealing way into the banking sector.