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Boston College MSc in Finance: Detailed Overview





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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?


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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


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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


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    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


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.

Application Deadlines - Boston College MSc in Finance

Full-time MSF 2024 Deadlines

Program Start DateApply ByReceive Decision By
August 2024October 24, 2023December 21, 2023
 January 9, 2024*February 29, 2024
 March 12, 2024*May 23, 2024
 May 7, 2024June 13, 2024

Part-time MSF 2024 Deadlines

Program Start DateApply ByReceive Decision By
January 2024October 10, 2023November 30, 2023
 December 5, 2023Rolling+
August 2024January 16, 2024March 28, 2024
 March 5, 2024May 9, 2024
 July 9, 2024August 8, 2024

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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/FellowshipsAverage Amount per RecipientAward Allocation Process
Full-Time MBAMore 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 MBAMore 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 MSAMore 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):
      1. Investments (MFIN8801)
      2. Corporate Finance (MFIN8807)
      3. Management of Financial Institutions (MFIN8820)
      4. Financial Econometrics (MFIN8852)
    • Spring/Summer Semester (Courses):
      1. Quantitative Portfolio Management (MFIN8803)
      2. Derivatives & Risk Analytics (MFIN8860)
      3. Advanced Corporate Finance (MFIN8881)
  • 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

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.


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.


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.


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.

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