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Purdue (Krannert) MSc in Finance: Detailed Overview

26/10/2023

NA

Avg. GMAT

NA

Work Experience

$65K

Avg. Cost of Study

10

Months Duration 

$90K

Avg. Salary

Summary

Introduction to Purdue (Krannert) MSc in Finance

The Mitchell E. Daniels, Jr. School of Business Master of Science in Finance (MSF) program provides a quantitative education that prepares you for careers in corporate finance, fintech, financial analytics, investment management, security analysis and brokerage, commercial and retail banking or financial management of commercial and nonprofit organizations. Purdue’s STEM-based program focuses on up-to-date technologies to transform students into professionals who drive results.

The 10-month, 36-credit hour residential MSF program incorporates real-world and research-based applications. The program offers a team-based environment with peers from around the world to help you gain a global business perspective and develop your abilities in critical thinking and analytical problem-solving.

Why Study Purdue (Krannert) MSc in Finance

61

QS Ranking

  • Quantitative Education: The MSF program at Krannert emphasizes a data-driven approach, providing you with a strong foundation in quantitative analysis and financial modeling. This quantitative expertise is highly sought after by employers in the finance industry, giving you a competitive edge in the job market.
  • Specialization Tracks: The program offers four specialization tracks, allowing you to tailor your studies to your specific career interests: Corporate Finance, Investment Management, Security Analysis and Brokerage, and Financial Management. This flexibility enables you to focus on the areas that align with your professional aspirations.
  • Real-World Applications: The curriculum is designed to integrate theoretical concepts with real-world applications, ensuring that you gain the practical skills needed to tackle complex financial challenges in the corporate world. Case studies, simulations, and industry projects provide hands-on experience, preparing you for the demands of the workplace.
  • Renowned Faculty: The program’s faculty is composed of experienced finance professionals and leading academic researchers. Their expertise and insights provide students with a well-rounded understanding of the financial world, bridging the gap between theory and practice.

Program Costs + Living Expenses: Purdue (Krannert) MSc in Finance

$49,320

Avg. Cost of Tuition

+ 

$16,528

Avg. Living Cost

65,848

Avg. Cost of Study

Living Expenses

  • Cost of Living: The estimated cost of living in the Greater Lafayette area for the  program is $14,630.

  • Books and Supplies: The estimated cost for books and supplies is $1,276.

  • Health Insurance: The estimated cost for health insurance is $622.

Employment Prospects: Purdue (Krannert) MSc in Finance

90K

Avg. Salary

    Most Sought-after Jobs

Financial Analyst

Investment Banker

Financial Consultant

Portfolio Manager

Research Analyst

Underwriter

Credit Analyst

The demand for finance professionals is expected to continue to grow in the coming years, driven by factors such as the increasing complexity of financial markets and the growing importance of data analytics in the finance industry. Purdue MSF graduates are well-positioned to take advantage of these opportunities.

Purdue MSF graduates typically receive competitive starting salaries, reflecting their strong skills and knowledge. According to the most recent data from Purdue, the average starting salary for MSF graduates is $90,000.

Application Requirement for Purdue (Krannert) MSc in Finance

  • > 2.4 GPA for STEM degrees, > 2.6 for non-STEM degrees
  • 500 GMAT score or equivalent GRE score
  • 2 – Letters of recommendation
  • 2 – Relevant internships or at least 12 months of work experience*
  • Resume
  • Academic statement of purpose
  • Personal history statement
  • Kira self-recorded video and written essay

*Recommended, not required

Application Deadlines - Purdue (Krannert) MSc in Finance

– Round 1: October 1
– Round 2: November 17
– Round 3: December 15
– Round 4 / Final International Applicants living outside of the U.S.: March 15
– Round 5: May 1
– Final Domestic and International Applicants currently living in the U.S.: June 15 

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Scholarships Available: Purdue (Krannert) MSc in Finance

  • Merit-based scholarships: These scholarships are awarded to students based on their academic merit. No additional application is required, as all applicants are automatically considered for these scholarships.

  • Need-based scholarships: These scholarships are awarded to students based on their financial need. To be eligible for need-based scholarships, you must complete the Free Application for Federal Student Aid (FAFSA).

  • Purdue University scholarships: Purdue University offers a variety of scholarships to students of all majors. To be considered for these scholarships, you must complete the Purdue Supplemental Scholarship Application.

  • External scholarships: There are many external scholarships available to MSF students. These scholarships are typically offered by private foundations, corporations, or professional organizations.

Specializations & Electives Offered

Specializations

  • General Finance
  • Corporate Finance
  • Investment Management
  • Financial Analytics

Electives

  • Advanced Investment Management
  • Advanced Financial Analysis
  • Behavioral Finance
  • Commercial Banking
  • Corporate Valuation
  • Derivative Markets
  • Financial Modeling
  • Fixed Income
  • International Finance
  • Mergers and Acquisitions
  • Portfolio Management
  • Real Estate Finance
  • Risk Management
  • Security Analysis

FAQs About MIF

MSF graduates are in high demand by employers in the financial industry. The median starting salary for MSF graduates is $90,000.

MSF graduates work in a variety of roles in the financial industry, including financial analyst, investment banker, financial consultant, risk analyst, portfolio manager, trader, and sales and trading analyst.

A variety of financial aid options are available for MSF students, including scholarships, grants, and loans.

The Krannert School of Management has a strong network of alumni and corporate partners, which provides MSF students with a variety of internship opportunities. Students can intern in a variety of industries, including finance, consulting, and technology.

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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Application Prep

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Interview Prep

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