660+
Avg. GMAT
1
Work Experience
$76K
Avg. Cost of Study
12
Months Duration
$75K
Avg. Salary
Introduction to Boston College MSc in Finance
The Master of Science in Finance (MSF) at Boston College is a rigorous, one-year program designed to prepare students for successful careers in the financial industry. The program is offered on a full-time basis and is STEM-designated, meaning that international students on F-1 visas are eligible for OPT (Optional Practical Training) for up to three years after graduation.
The traditional finance track is designed for students who are interested in pursuing careers in corporate finance, investment banking, or asset management. The quantitative finance track is designed for students who are interested in pursuing careers in financial engineering, risk management, or quantitative trading.
The MSF program is taught by experienced faculty who are experts in their fields. The program also features a number of guest speakers from the financial industry.
Why Study Boston College MSc in Finance?
89
QS Ranking
Here are some specific reasons why you might choose to study the Boston College MSF program:
- If you are interested in pursuing a career in the financial industry, the MSF program will provide you with the skills and knowledge you need to be successful.
- If you are looking for a rigorous and challenging program, the MSF program will meet your expectations.
- If you want to learn from experienced faculty and industry professionals, the MSF program is a great option.
- If you are interested in specializing in traditional finance or quantitative finance, the MSF program offers two tracks to choose from.
- If you are an international student, the MSF program’s STEM designation makes you eligible for OPT, which can give you valuable work experience after graduation.
Program Costs + Living Expenses: Boston College MSc in Finance
$49,200
Avg. Cost of Tuition
+
$26,880
Avg. Living Cost
Avg. Cost of Study
The total cost of attendance for the Boston College Master of Science in Finance (MSF) program varies depending on whether you choose the full-time or part-time track. For the 2023-2024 academic year, the estimated cost of attendance is as follows:
Full-time MSF
- Tuition: $49,200
- Fees: $1,680
- Books and supplies: $1,500
- Health insurance: $3,200
- Room and board: $15,500
- Personal expenses: $5,000
Total: $76,080
Employment Prospects: Boston College MSc in Finance
Avg. Salary
Most Sought-after Jobs
Corporate finance
Financial analysts
Financial managers
Corporate controllers
Investment bankers
Graduates of the MSF program are well-positioned for a variety of finance careers, including:
- Corporate finance: Financial analysts, financial managers, corporate controllers, investment bankers
- Asset management: Portfolio managers, investment analysts, risk analysts
- Investment banking: Investment bankers, mergers and acquisitions analysts, sales and trading analysts
Salary
The median starting salary for MSF graduates is $100,000, which is significantly higher than the median starting salary for all master’s degree holders ($75,000).
Job Placement Rate
The Carroll School of Management has a strong alumni network that can help MSF graduates find jobs. The school’s career development center also provides a variety of resources and services to help graduates with their job search.
Overall, the employment prospects for graduates of the Boston College MSF program are excellent. The program’s strong reputation, rigorous curriculum, and extensive alumni network all contribute to its graduates’ success in the job market.
Eligibility Criteria for Boston College MSc in Finance
The eligibility criteria for the Boston College Master of Science in Finance (MSF) program are as follows:
- Bachelor’s degree: Applicants must have a bachelor’s degree from an accredited institution.
- Undergraduate GPA: Applicants must have a minimum undergraduate GPA of 3.0.
- Quantitative background: Applicants must have a strong quantitative background. This can be demonstrated by a strong math or science GPA, high scores on standardized tests like the GMAT or GRE, or relevant coursework.
- Work experience: Applicants with less than one year of work experience are encouraged to apply for the pre-professional track.
- English language proficiency: International applicants must submit TOEFL or IELTS scores.
Documents required: Boston College MSc in Finance
For all applicants:
- Online Application Form: Complete the online application form and pay the application fee.
- Transcripts: Submit official transcripts from all undergraduate and graduate institutions attended.
- Letters of Recommendation: Submit two letters of recommendation from academic or professional sources.
- Résumé or CV: Submit a current résumé or CV.
- Statement of Purpose: Submit a statement of purpose explaining your academic and professional goals and how the MS in Finance program can help you achieve them.
For international applicants:
- TOEFL or IELTS Scores: If English is not your native language, you must submit TOEFL or IELTS scores.
- Financial Documentation: Submit documentation that you have sufficient financial resources to support yourself during your studies.
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Scholarships Available : Boston College MSc in Finance
The following table displays scholarship and fellowship allocations for students entering in Fall 2023.
| Program | % of Class Receiving Merit Scholarships/Fellowships | Average Amount per Recipient | Award Allocation Process |
|---|---|---|---|
| Full-Time MBA | More than 95% | Approx. $26,000 per year | Scholarship award is disbursed every semester for a total of four semesters. For example, if a student is offered an annual scholarship of $50,000, they will receive $25,000 per semester for four semesters. |
| Part-Time MBA | More than 75% | Approx. $10,000 (one-time awards) | Scholarship award is disbursed once a semester for two semesters, starting with the initial semester in which a student begins their program. For example, if a student is awarded a $10,000 scholarship, they will receive $5,000 in their first semester and $5,000 in the following semester. Note that part-time MBA and part-time MSF awards are one-time, non-renewable awards. |
| Full-Time MSF and MSA | More than 45% | Approx. $10,000 (one-time awards) | Scholarship award is disbursed once a semester for two semesters (i.e., Fall and Spring). For example, if a student is awarded a $10,000 scholarship, they will receive $5,000 in the Fall semester and $5,000 in the Spring. |
Specializations & Electives Offered
- Duration: 12 months
- Structure:
- Fall Semester (Courses):
- Investments (MFIN8801)
- Corporate Finance (MFIN8807)
- Management of Financial Institutions (MFIN8820)
- Financial Econometrics (MFIN8852)
- Spring/Summer Semester (Courses):
- Quantitative Portfolio Management (MFIN8803)
- Derivatives & Risk Analytics (MFIN8860)
- Advanced Corporate Finance (MFIN8881)
- Fall Semester (Courses):
- Elective Courses:
- Electives at the MFIN66XX or MFIN88XX level
- Electives may have multiple prerequisites (Check Agora under “Course Information and Schedules” for details).
- MFIN77XX level courses are exclusive to Full-time MBA students.
FAQs about MSc in Finance
Does the MSF program prepare students for the CFA exam?
The primary purpose of the MSF program is to prepare students for careers in finance, not to pass the CFA exam. However, their students have achieved a high success rate on the exam in the past several years.
How do I apply for the MSF Quantitative Finance (STEM-designated) Track?
While filling out your application, you should just apply to the MSF program as a whole. Upon admission, we will ask you in the enrollment form to indicate if you are interested in pursuing the STEM-designated track.
Is work experience required for admission to the MSF program?
The MSF program is open to both those with work experience and those without. For international students, however, we highly recommend that students have some work experience, particularly if they are seeking post-MSF employment in the United States due to the increasingly competitive US employment market. The MSF Program is designed to meet the diverse needs of finance professionals, career changers, and recent undergraduates. To learn more about our current students’ academic backgrounds and work experience, view the class profile.
