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Ameer Khatri MBA Consultant

Master in Finance

September 2, 2023




Avg. Age

€ 35,000

Avg. Tuiton Fees


Months Duration 

€ 60K – 90K

Avg. Salary

Table of Contents

Why Study MiF ?

  • The MiF program is specially designed for people who want to improve their knowledge and career prospects in finance-related positions. It is relevant from a professional standpoint. A wide range of topics is covered, including financial analysis, investment management, risk evaluation, financial modelling, and financial decision-making. The program places a strong emphasis on analytical thinking and mathematical abilities, preparing graduates to analyse financial data efficiently, assess investment opportunities, and make wise financial decisions.
  • The finance sector holds high regard for the MiF program, as It gives students the information and abilities they need to negotiate intricate financial markets, comprehend financial products, and control financial risks. Case studies, real-world assignments, and conversations with business experts are frequently incorporated into the curriculum to give students real-world knowledge and experience.
  • Finishing a MiF program can lead to employment prospects in corporate finance, investment banking, asset management, financial consulting, risk management, and financial analysis, among other finance-related fields. The curriculum gives students the tools they need to succeed in these positions, including risk assessment, portfolio management, and financial modelling.
  • Additionally, the MiF program frequently hosts alumni networks, recruitment events, and networking opportunities with industry professionals to give students access to career openings in the finance sector. a lot of MiF programs also connect with financial institutions and provide internship or placement opportunities, allowing students to develop their professional networks and obtain real-world experience.

Types of MiF

Two-year MiF Program

  • The two-year Master of Science in Finance program at Bocconi University in Italy gave Giulia Bardelli the chance to study finance in-depth and identify a career path she could be passionate about. After graduating, she was hired by JP Morgan as an analyst.

Master of Finance for one year

  • The majority of master’s in finance programs last one year. These courses are usually taught in-person, full-time. A one-year program provides a concentrated learning environment that enables you to swiftly pick up new skills and start working as soon as you graduate.
  • One-year programs do not usually provide the same chances for overseas study, business travel, and internships due to their condensed schedule, though.
  • HEC Paris, London Business School, Esade Business School, and the University of Texas at Austin: McCombs are among the institutions that provide one-year Master of Finance programs.

Two-year MBA in finance

  • Even while two-year Master of Finance programs are less frequent, there are still several high-calibre options available. The same course material of a one-year program will be covered, usually while you are enrolled full-time on campus. However, two-year degrees provide you with more time to focus on one subject and complete longer-term research projects.
  • Even though a two-year program will require you to spend more time away from your job, you should still be able to complete an internship.
  • Tsinghua University School of Economics and Management, Stockholm School of Economics, and Frankfurt School of Finance and Management are among the business schools that provide two-year Master of Finance programs.

Master of Finance online

  • Some business institutions provide online master’s programs in finance, enabling You can continue to earn money and gain job experience by working while you are a student. While some colleges allow you to complete their online Master of Finance programs entirely remotely, others need a face-to-face component.
  • Schools that provide top-notch online Master of Finance programs include Georgetown University, EGADE Business School, and Vrije University Amsterdam.

Program Costs + Living Expenses

As with any graduate degree, undertaking a Master of Finance is a considerable investment.

Top-ranked Master of Finance programs in Europe costs around $35,000. In Asia, fees are similar. At Tsinghua University School of Economics and Management, tuition fees are around $30,000.

Comparing the United States with Europe, US Master of Finance programs tend to cost slightly more, around $60,000, although fees vary depending on the school. At London Business School, it costs around $69,000, while Oxford University Saïd Business School costs around $64,000.

Fortunately, whichever option you choose, there are resources out there that can help you pay for your Master of Finance. These scholarships are usually unique to specific schools, so be sure to check your available options once you’ve settled on your target programs.

Eligibility Criteria: MiF Programs

You will normally require the following to get admitted into a Master of Finance program:

  • 0 to 2 years of work experience (although post-experience programs may require more)
  • an appropriate bachelor’s degree
  • GMAT exam result
  • You might need to have a bachelor’s degree in finance, STEM, economics, or a related field because finance is a quantitative subject.

Additionally, some programs outline particular quantitative ideas that you must be familiar with to follow along in class. For instance, HEC Paris requires applicants to have prior knowledge of topics like analysis, probability, and linear algebra.

A Master of Finance application involves several steps. After choosing a program, you’ll have to respond to one or more essay questions elaborating on your decision.

Documents Required

Apart from test scores, there are additional requirements to study MA in Finance in France. These requirements include:

Valid Passport: You must have a valid passport for the duration of your studies in France.

Degree Certificate(s) or Current Enrollment Certificate: To apply for a Master’s program, you will need to provide either your Bachelor’s degree certificate or a current enrollment certificate if you are in the final year of your undergraduate studies.

Official Academic Transcripts: You must submit official academic transcripts from all higher education institutions you have attended, including exchange programs, if any. These transcripts should include your official Grade Point Average (GPA) or equivalent.

Résumé (CV): A comprehensive résumé highlighting your educational background, work experience, internships, research projects, and other relevant achievements should be included in your application.

Two Completed Online Reference Forms: At least one reference should be completed by a professor who can attest to your academic abilities. The online reference forms should be submitted directly by the referees.

Passport-Style Photo: You will need to provide a recent passport-style photograph for identification purposes.

Non-Refundable Application Fee: Most universities require the payment of a non-refundable application fee when submitting your application.

Statement of Purpose (SOP): A well-written Statement of Purpose explaining your motivation, goals, and reasons for pursuing a Master’s in Finance in France is typically required.

Professional Experience Certificates (if applicable): If you have any relevant professional experience, it is advisable to include certificates or documents that validate your work history.

Student Visa or Residence Permit: International students will need to obtain a student visa or a residence permit to study in France. The specific visa requirements may vary depending on your country of residence.

Bank Statement: You may be required to provide a bank statement or proof of financial means to demonstrate your ability to cover tuition fees and living expenses during your studies in France.

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

MiF Vs MiM

Popular graduate degree programs in business and finance include MiM (Master in Management) and MiF (Master in Finance). There are definite variations between the two programs, even though there may be some similarities in the coursework and job chances. Here is a contrast between MiM and MIF:

Focus & Areas of Expertise:

  • MiM: Students who are just beginning their careers or have little to no work experience can consider the Master in Management program. It offers a comprehensive business education that includes a range of topics like finance, marketing, strategy, operations, and leadership. The goals of MiM programs are to foster general management abilities and offer a comprehensive knowledge of business principles.
  • MiF: The Master in Finance program is more focused on financial-related issues and is more specialised. It goes further that financial markets, investment analysis, corporate finance, risk management, and financial modelling are some examples of financial concepts. For those with a passion for finance who wish to work in investment banking, asset management, corporate finance, or financial consulting, MiF programs are the best option.

Target Market:

  • MiM: MiM programs are typically designed for new graduates or people with little work experience who want to improve their business knowledge and build the fundamental skills necessary for a management career. These programs are appropriate for students looking for a broad business education and who come from a variety of academic backgrounds.
  • MiF: MiF programs are usually created for those who have a particular interest in finance and who may already have some background information or professional expertise in the area. They provide services to those who desire to strengthen their comprehension of financial concepts and pick up specialised knowledge useful for careers in the finance industry.


  • MiM: MiM courses provide a thorough education that spans a range of business specialities. Accounting, marketing, strategy, operations, organisational behaviour, and finance are just a few of the topics that students study. The program equips students with a comprehensive understanding of business ideas and gets them ready for general management positions.
  • MiF: MiF programs emphasise areas including financial analysis, investment management, corporate finance, derivatives, risk management, and financial modelling in their more finance-focused curricula. The coursework aims to prepare students for specialised finance professions by helping them gain knowledge of financial theory and practice.

Career Possibilities:

  • MiM programs are qualified for roles in a variety of businesses at the entry-level management level. They could work in marketing, consulting project management, management of operations, or entrepreneurship. If MiM graduates prefer to concentrate on finance later in their employment, they may also choose to seek more education or move on to specialised master’s programs, such as MiF programs.
  • MiF: MiF graduates are well-suited for jobs in the financial sector. The fields of investment banking, asset management, corporate finance, financial analysis, risk management, and financial consulting are all options for them to explore. MiF programs frequently have close ties to the financial sector and offer networking opportunities that can aid students in finding internships and employment there.

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Types of Financial Aid Available

HEC Foundation Excellence Scholarship at HEC Paris

This merit-based scholarship is available to all international students who have been accepted into the Master in International Finance program at HEC Paris. It covers various expenses, including full tuition fees, living expenses, and travel expenses. This means that not only will the scholarship cover the cost of your education, but it will also provide financial support for your daily living costs and any travel expenses you may incur while studying at HEC Paris. This scholarship is a great opportunity for high-achieving international students who wish to pursue a master’s degree in finance.

Women’s High Potential Scholarship at HEC Paris

This scholarship is specifically designed to support female students who have been admitted to the Master in International Finance program at HEC Paris. It covers the full tuition fees for the program, helping to alleviate the financial burden of pursuing higher education. This scholarship recognizes the importance of gender diversity and aims to encourage more women to excel in the field of finance by providing them with financial support for their studies.

MIF GMAT-based Waiver at Amsterdam Business School

The MIF GMAT-based Waiver is a scholarship offered by Amsterdam Business School. It is granted to students who have achieved a high score on the GMAT (Graduate Management Admission Test), which is commonly required for admission into business and management programs. This scholarship covers the full tuition fees for the Master in International Finance program at Amsterdam Business School. Achieving a high GMAT score demonstrates the applicant’s aptitude for the program’s academic rigor.

CAIA (Chartered Alternative Investment Analyst) Waiver at Amsterdam Business School

The CAIA Waiver is available to students who are already CFA (Chartered Financial Analyst) Charterholders. This scholarship is offered by Amsterdam Business School and provides a €3,000 tuition fee waiver for the Master in International Finance program. The CAIA designation is recognized in the field of alternative investments, and this scholarship acknowledges the expertise and qualifications of students who have achieved this certification.

Career Prospective After MiF

  •  MiF graduates frequently work as analysts or associates in the field of investment banking. These positions entail carrying out financial analysis, deal structuring, and advising services. Investment banking entry-level pay can vary widely depending on the location, size, and reputation of the company. In general, analysts’ initial pay can range from $70,000 to $150,000 annually, with the possibility of considerable incentives and long-term salary development.
  •  A lot of MiF graduates land jobs in corporate finance divisions of businesses, where they oversee financial planning, analysis, and strategic decision-making. Corporate finance compensation prospects vary depending on things such as the sector, size of the organisation, and location. The salary range for entry-level roles might be between $60,000 and $90,000. As you advance to more senior positions, your salary may increase.
  • MiF graduates frequently work in firms that specialise in asset management, where they evaluate investment opportunities, oversee client portfolios, and offer financial guidance. In especially at famous organisations, the compensation prospects in asset management can be highly attractive. The salary range for entry-level positions might be between $70,000 and $100,000 annually, with the possibility of sizeable incentives and performance-based pay as your career progresses.

Employed within 3 months of graduation


Avg. Salary

     Most Sought-after Jobs

Investment Banking

Corporate Finance

Asset Management

Financial Consulting

Financial Analysis


Top Masters in Finance Programs

MIT Sloan School of Management

Master of Finance

Duration: 12 – 18 months

Format: Full-time

Avg. Working Experience: Preferable*

Location: Cambridge, Massachusetts

MIT Sloan MiF
NUS Business School

MSc in Finance

Duration: 16 months

Format: Full-time

Location: Singapore

NUS Business School MiF
Frankfurt School of Finance and Management

Master of Finance

Duration: 24 months

Format: Full-time

Location: Frankfurt, Germany

Frankfurt School of Finance and Management MIF
University of Marburg

Master in Quantitative Accounting and Finance

Duration: 24 months

Format: Full-time

Location: Mainz, Germany

Univ of Marburg MiF
HEC Paris

MSc in Financial Analysis

Duration: 12 – 16 months/22 months

Format: Full-time/Part-time

Avg. Working Experience: 0 – 2 years*

Location: Paris, France

HEC Paris MiF Program: Complete Overview

HEC Paris MiF Recommendation

HEC Paris MiF Interviews

EDHEC Business School

MSc in Finance

Duration: 12 months

Format: Full-time

Location: Croix, France

EDHEC Business School MiF 

EDHEC Recommendations

EDHEC MiF Interviews

Smith School of Business

Master of Finance

Duration: 12 months

Format: Full-time

Avg. Working Experience: 2 years*

Location: Kingston, Ontario

Smith Business School MiF
Rotman School of Management

Master of Finance

  • The 20-month, full-time MFin from Rotman programme.
  • International students must pay $89,480 in fees.
  • After earning your degree, you can expect to make an average salary of $99,400, bonus included.
  • Working Experience of 2 years or more is needed.
Rotman School of Management MiF


Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MiF

The Master in International Finance program is a specialized graduate program that focuses on equipping students with advanced knowledge and skills in the field of finance, particularly with an international perspective. It covers topics such as financial markets, investment management, risk management, corporate finance, and more.

MiF graduates have a range of career opportunities in various sectors of the finance industry. These include roles in investment banking, asset management, financial consulting, corporate finance, risk management, and more. Graduates are equipped with the skills to work in both domestic and international financial markets.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Pursuing a MiF program can provide graduates with a deeper understanding of finance, a global perspective on financial markets, and enhanced career prospects in the finance industry. The program often offers networking opportunities with industry professionals and access to resources that can facilitate career advancement.

Many MiF programs offer a range of elective courses that allow students to specialize in areas such as investment management, corporate finance, financial analysis, and more. This can help tailor the program to your career goals.

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Interview Prep

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