MBA in Finance in USA is one of the most popular MBA specialisations in the USA. It is a two year program full-time course, also offered in part-time and online mode by some US universities. The tuition fee for an MBA in Finance in USA can range from 70,000 USD - 82,000 USD (56.58 lakhs - 66.28 lakhs INR) per year, depending upon the university. An international student is required to have an average GPA of 3.0, i.e 88% for an Indian student, to secure admission in MBA in Finance in USA.

MBA in Finance is one of the highest-paying MBA specializations in USA with a base salary of 102,000 USD (82.44 lakhs INR). The highest-paying recruiters for MBA in Finance jobs in USA include Ernst & Young, Amazon, Accenture, Deloitte, etc. The average salary for a fresher after graduating with an MBA in Finance in USA is around 66,000 USD (53.34 lakhs INR) per year.
Also Check
: MBA in USA Deadlines 2023

Top Universities in the USA for MBA Finance:

The below table contains sone of the best universities in USA for MBA in finance with admission deadlines, and tuition fees.

Universities Program Deadlines
Massachusetts Institute of Technology MBA in Finance Round 3: Apr 11, 2023
Stanford University MBA in Finance Round 3: Apr 11, 2023
Harvard University MBA in Finance January 04, 2023 (Closed)
University of Pennsylvania MBA in Finance Round 3: Mar 29, 2023
Columbia University MBA in Finance January 11, 2023 (Closed)
University of California, Berkeley MBA in Finance Round 3: Apr 6, 2023
University of California, Los Angeles MBA in Corporate Finance Round 3: Apr 12, 2023
Northwestern University MBA in Finance Round 3: Apr 5, 2023
Yale University MBA in Finance Round 3: Apr 11, 2023
New York University MBA in Finance Deadline 4: Mar 15, 2023

What is an MBA in Finance?

The MBA in Finance is a two year program combined with theory and with real-world practice. The curriculum mainly focuses on financial planning, cost analysis, emerging markets and the importance of finance in the modern business world and economy.Listed below are the subjects included in MBA in Finance syllabus in USA:

  • Corporate investment management
  • International finance
  • Hedge fund management
  • Portfolio management
  • Investments
  • Small business and corporate finance
  • Fundraising
  • Borrowing
  • Collections
  • Disbursements
  • Securities analysis

Why Study MBA in Finance in USA?

MBA in Finance is one of the most highly-paid degrees in the United States with a wide range of employment opportunities. Apart from job prospects, some majors reason for choosing USA as study abroad destination for MBA Finance are:

  • The program is offered by some of the top business schools in the world with the majority of them having a placement rate above 90%.
  • MBA in Finance is the most in-demand course in the USA which is also the most preferred business major among international students.
  • More than 30% of MBA graduates in the USA with or without finance majors are working in industries that deal with finance.
  • Several top recruiters look for MBA Finance graduates including Accenture, Deloitte, Amazon, The Boeing Company, KPMG, JP Morgan Chase, etc

MBA in Finance in USA: Eligibility and Admission Requirements

The eligibility criteria for studying MBA in Finance in the USA varies from university to university. Some of the basic criteria that an international student must be eligible for are listed below:

Document Checklist

International students planning to Study MBA in Finance in USA are required to submit a few additional documents. Some of these are enlisted below:

  • Academic Transcript
  • English Test score reports of IELTS, TOEFL, or PTE exam
  • GMAT/GRE scores
  • Letters of Recommendation
  • Resume
  • Cover Letter
  • Statement of Purpose

Also Check:

MBA in Finance in USA Eligibility Requirements:

 University Specific eligibility requirements for MBA in Finance in USA:

University Admission Requirement Work Experience LORS
Massachusetts Institute of Technology GPA: 3.62 | GMAT: 730 | TOEFL iBT: 110 5 years One
Stanford University GPA: 3.76 | GMAT: 610 | TOEFL iBT: 109 Not Required Two
Harvard University GPA: 3.70 | GMAT: 730 | TOEFL iBT: 109  5 years Two
University of Pennsylvania GPA: 3.60 | GMAT: 733 | TOEFL iBT: 110 5 years Two
Columbia University GPA: 3.60 | GMAT: 729 | TOEFL iBT: 100 5 years One
University of California - Berkeley GPA: 3.00 | GMAT: 729 | TOEFL iBT: 90  2 years Two
University of California, Los Angeles GPA: 3.50 | GMAT: 711 | TOEFL iBT: 87  3 years or more Two
Northwestern University GPA: 3.70 | GMAT: 729 | TOEFL iBT: 104 5 years Two
Yale University  GPA: 3.69 | GMAT: 725 | TOEFL iBT: Not required 3 years or more Two
New York University  GPA: 3.62 | GMAT: 733 | TOEFL iBT: 100 Not required Two

MBA in Finance in USA: Cost of Studying

The average tuition fee of an MBA in Finance in the USA can range from 19,000 USD (~15.18 lakhs INR) to 77,000 USD (~61.54 lakhs INR) per year. Apart from the tuition fees for MBA Finance USA universities, the overall cost also includes cost of living.

Tuition Fees:

University Annual Tuition Fees (USD) Annual Tuition Fees (INR)
Northwestern University 108,016 (1 year program)
78,276 (2 year program)
87.22 lakhs (1 year program)
63.21 lakhs (2 year program)
University of Pennsylvania, Philadelphia 82,874 66.92 lakhs
New York University 82,326 66.48 lakhs
Columbia University 80,472 64.98 lakhs
Massachusetts Institute of Technology 80,400 64.92 lakhs
Yale University 79,500 64.20 lakhs
Stanford University 76,950 62.14 lakhs
University of California - Berkeley 76,433 61.72 lakhs
Harvard University 73,440 59.30 lakhs
University of California, Los Angeles 71,071 57.39 lakhs

Cost of Living in USA

The average cost of living in USA for international students is seen to be around 35,000 USD (28.77 lakhs INR) per annum:

Expenses Annual Cost of Living (USD) Annual Cost of Living (INR)
Accommodations 500 – 1,500 41,100 – 1.20 lakhs
Electricity 50 – 100 4,100 – 8,200 
Gas 50 – 100 4,100 – 8,200
Internet 45 – 50 3,700 – 4,100
Housing and Utilities 1,000 – 1,500  82,200 – 1,20 lakhs

Also Check: Cost of MBA in USA

MBA in Finance in USA: Scholarships

Almost all Business schools and universities in the USA offer financial assistance to overseas students. Below are some of the fellowships or scholarships for studying MBA in Finance in the USA.

University Scholarship Award (in INR)
MIT Sloan School of Management OGE Administered Fellowships Partial tuition fees waiver
UCLA Anderson School of Management Inlaks Shivdasani Foundation Scholarship 79.92 lakhs/year
Gies College of Business Golden Scholarships Partial tuition fees
Scheller College of Business Graduate Assistantships Monthly salary in exchange of 14 hours/week work commitment

Watch the video to know about some of the fully funded scholarships in USA

MBA in Finance in USA: Scope

As earlier mentioned, the average salary of MBA Finance graduates is 102,000 USD (82.44 lakhs INR) per annum according to payscale. MBA Graduates with a specialization in finance can work in the finance departments of both financial and non-financial firms. MBA in Finance from USA graduates mostly get jobs in non-profit organizations, management consulting firms, commercial banks, investment banks, brokerage houses, etc.

MBA in Finance in USA: ROI

ROI of MBA in Finance in USA

University Average Salary Annual Program Cost
Stanford University 182,706 USD 124,389 USD
Harvard University 175,000 USD 112,764 USD
New York University 153,909 USD 123,253 USD
University of Pennsylvania, Philadelphia 150,000 USD 116,568 USD
Massachusetts Institute of Technology 150,000 USD 119,995 USD
University of California, Los Angeles 150,000 USD 117,398 USD
Northwestern University 147,894 USD 117,259 USD
Yale University 145,000 USD 108,780 USD
Columbia University 140,000 USD 122,460 USD
University of California - Berkeley 140,000 USD 116,178 USD

Top Job Profiles for MBA in Finance in USA

Tabulated below are some of the highest-paying jobs in the USA for MBA in Finance graduates:

Job role Average Annual Salary(USD) Average Annual salary (INR)
Chief Financial Officer 170,606 1.37 Crores
Vice President, Finance 151,510 1.22 Crores
Senior Finance Manager 130,898 1.05 Crores
Corporate Controller 122,443 98.87 lakhs
Finance Manager 107,731 86.99 lakhs
Financial Controller 102,524 82.79 lakhs
Senior Financial Analyst 87,768 70.87 lakhs
Financial Analyst 68,035 54.94 lakhs

Top Recruiters for MBA in Finance in USA

Below is tabulated information on the return of investment earned by MBA in Finance graduates in various job positions, job roles, and recruiting companies.

Recruiter Company Average Annual Salary (USD) Average Annual Salary (INR)
Ernst & Young 137,203 1.1 Crores
Amazon 126,267 1.01 Crores
Accenture 125,197 1.01 Crores
Deloitte 123,000 99.32 lakhs
KPMG 120,225 97.08 lakhs
Bank of America 119,332 96.36 lakhs
The Boeing Company 104,075 84.04 lakhs
JP Morgan Chase 90,000 72.68 lakhs

MBA in Finance in USA: Course Highlights

Program MBA in Finance
Duration 2 year (1 years in some universities)
Intakes January and April
Top Universities Massachusetts Institute of Technology | Stanford University | Harvard University | University of Pennsylvania | Columbia University
Average Tuition Fees 70,000 USD - 82,000 USD (56.58 lakhs - 66.28 lakhs INR)
Top Recruiters Ernst & Young | Amazon | Accenture | Deloitte | KPMG
Top Job Profiles Chief Financial Officer | Vice President (Finance) | Finance Manager | Financial Controller | Financial Analyst
Average Salary 102,000 USD (82.44 lakhs INR)

MBA in Finance in USA: University Comparison

Comparison of top 5 universities in USA for MBA in Finance on the basis of class profile and employment rate:

University Average Scores Class Size Employment in Finance
Massachusetts Institute of Technology GPA: 3.62 | GMAT: 730 408 22.6%
Stanford University GPA: 3.76 | GMAT: 610 424 34%
Harvard University GPA: 3.70 | GMAT: 730 1015 33%
University of Pennsylvania GPA: 3.60 | GMAT: 733 877 32%
Columbia University GPA: 3.60 | GMAT: 729 844 36%

MBA in Finance in USA: Country Comparison

MBA in Finance in USA vs MBA in Finance in Canada

Parameter MBA in Finance in USA MBA in Finance in Canada
Duration Between 18 months to 24 months Between 12 months to 24 months
Average tuition fees 53,000 USD/year 33,000 USD/year
Cost of living USD 2500- 3000 per month USD 1500-2000 per month
Financial Support Scholarships, fellowships, loan, work-study Scholarships, fellowship, loan, work-study
Visa F-1 visa Study-permit
Average salary USD 110,000-115000 USD 87,000-90,000
Top Specialisations Accounting, project management, business analytics, entrepreneurship, operations Finance, Business Analytics, Supply Chain Management, Health Science
Exams accepted GMAT- Average 560 GMAT- Average 550
English language proficiency tests IELTS- average 7.0 | TOEFL iBT- average 100 IELTS- average 6.5 | TOEFL iBT- average 90

MBA in finance from the USA is an excellent choice for students who want to accelerate their professional life. There is a high demand for MBA in financial graduates mainly in consulting industry as well as in financial agencies. For admission, prospective students must keep up with the latest admission updates of the university to which they wish to apply. It is better to apply to highly ranked universities in case an individual is eligible for the same.

FAQ`s

Ques. How can I do an MBA in finance in USA?

Ans. Those planning to pursue an MBA in finance in USA must hold a bachelor’s degree with a minimum GPA of 3.5 alongside ELP scores such 6.5 IELTS or 100 in TOEFL. The applicants are also required to submit GMAT exam results with a minimum of 550 or above. Some universities may also accept GRE scores instead of GMAT with an overall score of 300.

Ques. What can I do after MBA finance in USA?

Ans. After MBA in Finance in USA, the graduates can work as Chief Financial Officer, Finance Manager, Financial Controller, Financial Analyst, Financial Risk Manager, etc. Or they may opt for certain finance-related courses to develop their skills.

Ques. What is the salary of an MBA in finance graduate in USA?

Ans. According to payscale, the average salary of MBA in Finance graduates from US universities is recorded to be around 102,000 USD (82.44 lakhs INR)per year. The graduates of MBA finance can earn up to 180,000 USD (1.45 Crore INR) per year depending on the job profile.

Ques. Is an MBA in finance in USA worth it?

Ans. MBA finance is indeed worth going for when you are planning to pursue an MBA in USA. It is the most popular course in the business field with the majority of MBA students studying MBA majors and working in financial sectors. Many top companies in the USA look for MBA graduates with a finance background including Deloitte, Accenture, KPMG, Amazon etc.