Master in Finance

Table of Content

700

Avg. GMAT

23

Avg. Age

€ 35,000

Avg. Tuiton Fees

24 

Months Duration 

€ 60K – 90K

Avg. Salary

Why Study MiF?

  • The Master in Finance program is designed for people who want to improve their knowledge and career prospects in finance-related positions. It is relevant from a professional standpoint. Various topics are covered, including financial analysis, investment management, risk evaluation, financial modelling, and financial decision-making. The program strongly emphasises 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 and certificate in finance, as It gives students the information and abilities they need to negotiate intricate financial markets, financial economics, 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 Offered

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: MiF

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 for MiF

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.

Curriculum:

  • 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 for MiF

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.

Top 20 Colleges for MiF

1. ESCP Business School

Explore the pinnacle of financial education with ESCP Business School’s Master in Finance Program. This globally recognized program, led by distinguished faculty, blends theoretical mastery with practical insights. Students delve into real-world applications, cultivating expertise to thrive in the dynamic realm of finance. Join a diverse community, where ambitious individuals forge a path to success in the ever-evolving global financial landscape.

2. Cambridge Judge Business School

Immerse oneself in the company of top-tier financial intellects at Cambridge Judge Business School’s Master of Finance program. Classmates, each boasting an average of 4 years of industry experience, are seasoned finance professionals.

The finance faculty, maintaining robust connections with global experts in the financial sector, collaborates to provide instructive sessions and networking opportunities throughout the year.

For those pursuing a career as a proficient finance professional, the Master of Finance program is designed to expedite personal and professional growth, paving the way for diverse and exciting career trajectories.

Refine and enhance one’s financial skill set. Explore the latest advancements in finance, and acquire sought-after skills pertinent to today’s dynamic financial landscape.

3. HEC Paris

Embark on a transformative academic journey with HEC Paris’ Master in International Finance program. Renowned for its global perspective and academic rigor, this program seamlessly integrates cutting-edge theories with practical applications in the dynamic field of international finance.

Led by esteemed faculty, students gain invaluable insights through real-world case studies, preparing them for leadership roles in the ever-evolving financial landscape. Join a diverse and dynamic community at HEC Paris, where aspiring professionals build the skills and knowledge necessary to excel in the intricate world of international finance.

4. ESSEC Business School

Consistently ranked as one of the best Masters in Finance in the world – #3 Financial Times-, it is designed for high potential students who want to pursue a career in Corporate Finance, Financial Markets, FinTech, Asset and Portfolio Management, Risk Management; and occupy positions in investment banks and most prestigious financial institutions.

CFA partner, full-time format, career-oriented, in-depth technical and internationally focused program, with study trips to major financial centers: London, New York, Hong Kong.

Official Master Degree, recognized and accredited by French Government.

5. SKEMA Business School

The MSc in Financial Markets & Investments is a dynamic finance program designed to mirror the ever-changing landscape of international finance. It adopts a practical teaching approach, providing students with custom-made academic environments to excel in various market finance roles.

The program equips students with practical expertise in trading, risk management, ethics, compliance, sales, private and investment banking, and sustainable finance. With a focus on market orientation and practical skills, graduates are prepared to make an immediate impact in their careers.

The curriculum, built on four pillars, covers macro and micro-economics, financial asset knowledge, quantitative tools, and advanced methods in financial markets. Access to Bloomberg terminals enhances students’ understanding of real-time market dynamics, preparing them for a seamless transition into the industry.

6. UCLA Anderson School of Management

The Master in Financial Engineering program at UCLA Anderson School of Management is designed for individuals seeking to contribute to the finance industry with profound mathematical modeling skills and computational expertise.

Ranked #3 in the U.S. by QS World University Rankings, this MFE program empowers candidates to leverage their quantitative skills to address the intricate and innovative challenges prevalent in contemporary financial markets.

7. London Business School

There’s no better place for you to study a Masters in Finance – consistently ranked the world’s best post-experience programme – than at London Business School (LBS). We have an outstanding global reputation for teaching this specialist subject and strong links with financial institutions, recruiters and practitioners.

Develop a global view of finance on a flexible, customisable full- or part-time programme that can be tailored to suit your career goals. Choose from an extensive range of specialist electives, practitioner courses, industry-focused events and international experiences.

Draw on your passion for finance, gain the latest tools and frameworks and enhance your professional network.

8. Haas School of Business, University of California – Berkley

Prospective students interested in the Master in Financial Engineering program at Haas School of Business, University of California – Berkeley, are invited to embark on a journey to kickstart their careers in finance, data science, or technology. This program offers the opportunity to acquire valuable skills, gain insightful knowledge, and engage in hands-on experiences. Additionally, students will have the chance to establish connections with leading firms, equipping them to make a significant impact in their chosen fields.

9. MIT Sloan School of Management

Join MIT’s Master of Finance program and become a high-achiever in finance. The 18-month (or 12-month accelerated) STEM curriculum emphasizes market workings and the latest financial theories, models, and industry practices. Benefit from world-renowned faculty, hands-on learning experiences, and a top-ranked degree. The program is adaptable to your career aspirations, with opportunities in established financial institutions, corporations, consulting firms, the public sector, and fintech.

10. Tsinghua University

Tsinghua University’s Master in Finance (MIF) program is a prestigious and highly regarded academic offering that prepares students for successful careers in the finance industry. Tsinghua University, located in Beijing, China, is consistently ranked as one of the world’s top universities, and its MIF program exemplifies its commitment to academic excellence and global recognition.

It is a comprehensive and intensive program designed to equip students with the knowledge, skills, and expertise needed to excel in the rapidly evolving field of finance. The program is typically completed in two years and provides a rigorous curriculum that combines theory and practical application. It caters to both domestic and international students, creating a diverse and dynamic learning environment.

11. London School of Economics

The program provides high-caliber graduates, even those without a finance background, a distinctive chance to build a solid foundation and expertise in the field. Highly sought after at LSE, it attracts top-tier students from prestigious institutions globally.

Core courses in corporate finance and financial markets offer a comprehensive base, and you can customize your degree with various optional courses, including specialized applied ones. Gain practical insights, connect with the City, and benefit from interactions with LSE’s Financial Markets Group and Systemic Risk Centre, hosting renowned finance researchers.

Network with part-time MSc Finance students, and enjoy a stellar reputation among employers, with alumni thriving in leading investment banks, financial institutions, consultancies, and boutique firms.

12. IE Business School

IE Business School’s Master in Finance program is tailored for the fast-paced world of international finance, emphasizing practical skills and market orientation. With a customized academic environment, students gain expertise in trading, risk management, ethics, compliance, sales, private and investment banking, and sustainable finance.

Graduates are well-prepared for immediate impact in diverse financial roles. The curriculum’s four pillars cover macro and micro-economics, financial asset knowledge, quantitative tools, and advanced methods in financial markets. Access to Bloomberg terminals provides real-time market insights, facilitating a smooth transition into the industry.

13. EDHEC Business School

EDHEC’s Masters in Finance programmes are designed specifically for graduates in numerous disciplines who want to pursue a career in international finance, including green finance, which offers solutions to the challenges of climate change. You can study for an MSc as part of your Master in Management dual degree programme or choose from one of our five Master’s in Finance degrees.

14. University of Oxford – Said Business School

Propel your career with the necessary knowledge of finance and economics required by the financial sector.

Intellectually tough and highly practical, the distinctive nature of the programme will give you outstanding international training in the tools sought by financial institutions and companies, in a variety of different industries.

Saïd Business School finance faculty, together with the Department of Economics deliver the 9-month programme combining rigorous academic training with tailored real-world applications, designed in consultation with leading financial recruiters.

15. Emlyon Business School

EMLyon Business School’s MSc Finance program is a prestigious and internationally recognized graduate program designed to provide students with a solid foundation in finance and prepare them for successful careers in the dynamic world of finance. Distinguished by its commitment to academic excellence, industry relevance, and a global perspective, this program equips students with the knowledge and skills demanded by the finance industry.

The program features a rigorous curriculum that covers a wide range of finance topics, including financial markets, investment analysis, risk management, and financial modeling. Taught by a faculty of renowned experts in finance, students benefit from cutting-edge research and practical insights. EMLyon’s MSc Finance stands out for its global reach and strong international network. Students study in a diverse and multicultural environment, collaborate with peers from around the world, and engage with industry professionals through internships and networking events. 

16. McGill University

The McGill Master of Management in Finance (MMF) degree is a pre-experience, specialized program in finance that can be completed in 12 or 16 months. The MMF program prepares students for a career in finance through a comprehensive curriculum that integrates advanced financial concepts and quantitative methods with real-world business practices. Kindly take note that the MMF exclusively offers admissions for the summer semester.

17. EBS Business School

The Master in Finance (MIF) program at EBS (European Business School) is a prestigious and internationally recognized graduate program designed to equip students with advanced knowledge and skills in the field of finance. EBS, known for its excellence in business education, offers a comprehensive curriculum that covers a wide range of finance topics, including financial markets, investment analysis, risk management, and corporate finance.

With a distinguished faculty, state-of-the-art resources, and a diverse student body, EBS provides a dynamic and stimulating learning environment for MIF students. The program emphasizes a global perspective, preparing graduates to excel in finance roles in both domestic and international contexts. 

18. Grenoble Ecole de Management

The MSc Finance program at Grenoble Ecole de Management (GEM) is a prestigious and internationally recognized graduate program that offers students an exceptional opportunity to gain a comprehensive understanding of finance and excel in their finance careers. Rooted in academic excellence and practical relevance, this program equips students with the knowledge, skills, and insights required to navigate the complexities of the global finance industry.

At GEM, MSc Finance program stands out for many key reasons. The commitment to academic rigor. The curriculum is carefully designed to cover a wide range of finance topics, from financial markets and investment analysis to risk management and financial modeling. Our renowned faculty members, experts in their respective fields, ensure that students receive the latest insights and practical knowledge.

19. USC Marshall School of Business

The primary objective of the USC Marshall Master of Science in Finance (MSF) program is to provide students with a flexible and rigorous STEM curriculum to prepare them for a wide range of career opportunities in finance. The MSF is a full-time program starting in August that allows students to earn a graduate degree in 16 months. All courses are taught on the University of Southern California campus by the Marshall School of Business’ award-winning teachers, researchers and practitioners.

The program prepares students for careers across a variety of functions including commercial and investment banking, asset management, quantitative research and trading, risk management, venture capital and private equity, consulting, sales and trading, impact investing and fintech

20. Esade Business School

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Employment Prospects after MiF

91%

Employed within 3 months of graduation

60K - 90K

Avg. Salary

     Most Sought-after Jobs

Investment Banking

Corporate Finance

Asset Management

Financial Consulting

Financial Analysis

  •  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.

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