A Master’s degree in Finance is meant to prepare graduates specifically for career in finance. The degree prepares graduates for more technical roles and focuses on the theory and practice of finance and emphasis strongly on financial economics and computational methods. There is some overlap with the MBA, but this degree provides more in-depth exposure of finance and less exposure of management.
In the U.S. and Canada the program may be positioned as a professional degree. Particularly in Australia, the degree may be offered as a Master of Applied Finance (MAppFin). In some cases, the degree is offered as a Master of Management in Finance (MMF).
Business schools require you to give the GMAT which forms the most important part of your application. Few universities also accept GRE scores in place of GMAT scores. They also require a minimum 2-3 years of work experience (depending on the program you intend to join). IELTS or TOEFL is compulsory for acquiring student visa and as a proof of English proficiency.
The fundamental subjects include managerial finance, corporate finance and investment management. Other subjects include:
Various specializations include:
Although the fees vary from university to university, the average tuition cost for master’s in finance in the US are $23,000/year. Average living costs vary upto $8900/year. Tuition fees are around C$20000 in Canada. In Australia, average tuition costs are A$35000 / year and the average living costs are A$8,500/year.
|COUNTRY||AVERAGE SALARY||MEDIAN SALARY|
|United States||$34,085 - $70,605||$50,020|
|United Kingdom||£17,462 - £49,778||£28,414|
|Switzerland||CHF 43,581 - CHF 104,962||CHF 75,014|
|Sweden||$15,743 - $81,020||$46,251|
|Singapore||S$28,100 - S$78,712||S$47,290|
|New Zealand||NZ$40,279 - NZ$79,149||NZ$53,445|
|Netherland||€21,436 - €59,748||€34,407|
|Ireland||€23,065 - €62,349||€38,762|
|Germany||€21,367 - €59,425||€39,086|
|France||€14,450 - €57,391||€31,465|
|Canada||C$35,609 - C$74,360||C$50,155|
|Australia||AU$40,897 - AU$83,740||$60,835|