An MBA in finance is highly recommendable as a major as it provides you with the analytic and theoretical tools necessary to master practical issues in central finance. Further, these practical issues are solved with the help of applications to financial management, including financial management in business organisations. This course helps students broaden their experience and perspective to face the competitive world. Further, MBA in finance in the USA allows students to gain more profound knowledge to pursue the areas of their interest.
Name of the Course | Master of Business Administration in Finance |
Degree Type | Postgraduate |
Duration | 2 years |
Entrance Exam | GMAT |
Eligibility Criteria | An undergraduate degree with relevant marks and subjects |
Average Fees | 50 lakhs |
Average Salary | $81,760 |
Job Profiles | Financial analyst, accountant, investment manager |
Top Recruiters | Goldman Sachs and Morgan Stanley |
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Why Pursue an MBA in Finance in the USA?
There are many benefits to completing an MBA in Finance program at universities in the USA. Before opting for a university, here are some benefits of enrolling in universities in the USA.
Self-Dependent
When you pursue an MBA in Finance program at a University in the US, it is a situation where you are your boss. This career makes you feel self-dependent thus you are more efficient.
CV Boost
You may get CV-boosting experiences as there are many opportunities provided after the program’s completion. However, many companies prefer students with MBA degrees over others.
Great Placements
There are many placement opportunities after completing an MBA in Finance from the USA. Being one of the highly recommended countries for work, an array of work opportunities are offered after completing an MBA program with lucrative packages.
Various study areas
There are various study areas that you may opt for in the MBA in Finance program so that you get subjects per your interests. These study areas include finance, marketing, management and much more.
Subjects and Syllabus
One of the major things to consider while opting for a program is the subjects offered. It helps you understand what the course is all about and what topics are required to study. To help you understand this, here is an overview of the syllabus.
Semester 1 | Semester 2 |
Private Equity Investing Seminar | Microeconomics |
Entrepreneurial finance | Institutional money management |
Investment management | Dept markets |
International Finance | Financial restructuring |
Semester 3 | Semester 4 |
Financial trading strategies | China’s financial system |
Private wealth management | Entrepreneurial finance |
Corporate financial modelling | Angel and venture capital financing for entrepreneurs and investors |
Personal Investing | Private Equity |
Eligibility Requirements
To pursue an MBA in finance USA university, you are required to qualify for the eligibility requirements.
- You are required to hold an undergraduate degree with finance majors or equivalent to a US degree.
- It is not mandatory to hold a two-year master’s degree followed by a three-year bachelor’s degree. However, you may have one.
- If you have an undergraduate or postgraduate degree from a recognised university or college in English, then you are exempt from taking English Language Proficiency tests.
Also Read: MS in Finance in USA
Documents Required
There are a set of documents you need to submit as a part of the application process to get yourself admitted into the institution. The list of documents required for admission to universities in the USA is
- VISA
- High school transcripts
- A passport
- Language proficiency scores
- Statement of purpose
- Letter of recommendation
- Additional documents depend upon the universities you are applying for.
Score Requirements
You must also submit language proficiency test scores in case your first language is not English. The score requirements to get enrolled in universities in the USA are
Top Universities in the USA
There are an array of universities in the USA that have achieved various remarkable rankings over the years, and excellence in education as well as teaching. Some of the top universities in the USA are as follows.
Name of the University | Name of the Course | Average Fees in INR |
Stanford University | MBA in Finance | 80.4 lakhs |
New York University | MBA in Finance | 82.45 lakhs |
Pace University | MBA in Corporate Finance | 59.5 lakhs |
University of California–Los Angeles | MBA in Corporate Finance | 79.5 lakhs |
New York Institute the Technology | MBA in Finance | 25.8 lakhs |
The University of Pennsylvania | MBA in Finance | 85.6 lakhs |
Cornell University | MBA Corporate Finance | 71.7 lakhs |
Northwestern University | MBA in Finance | 82.4 lakhs |
the University of Pittsburgh | MBA in finance | 52.6 lakhs |
Stony Brook University | MBA in Finance | 34.8 lakhs |
Career Prospects
There are an array of job opportunities after completion of an MBA in Finance degree in any field at big organisations with high packages. Some popular job opportunities are
Job Profiles | Average Salary in USD |
Financial Manager | $121,750 ( INR 98 cr) |
Financial Analyst | $81,760 ( INR 65 cr) |
Personal Financial Advisor | $90,530 ( INR 72 cr) |
Actuary | $100,610 ( INR 81 cr) |
Securities, Commodities and Financial Services Sales Agents | $67,310 ( INR 54 cr) |
Top Recruiters
There is an array of top recruiters that recruit candidates after completion of their MBA program and offer them a great position with lucrative packages. Some of the top recruiters are
- Goldman Sachs
- Boston Consulting
- Bai & Company
- Morgan Stanley.
- JP Morgan Chase & Co.
Must Read: Finance Courses at Quinnipiac University
FAQs
Here are the top 3 colleges that are considered the best for an MBA in finance: The University of Chicago, The University of Pennsylvania, and New York University
As per QS MBA specialization rankings 2019, the Wharton School in Philadelphia is considered the best school for MBA in finance.
If you are planning to pursue MBA in finance degree abroad, then the average cost of a full-time MBA degree in the USA is $60,000 per year.
If you want to pursue a career in Finance, you’ll need a strong portfolio and background. A degree in MBA in finance will provide you with exactly that, but with a more refined, global perspective, allowing you to apply for jobs in any country on the planet. To secure admission to the top universities in the US, contact Leverage Edu today.