As we all know, for years on end, MBA has been the go-to higher level business degree for being so accommodating of all concepts. But, as the number of open jobs and the number of employers is increasing, the demand for more skilled professionals is increasing. This is where a Master’s in Finance comes into play. A Master’s degree in Finance is meant to prepare graduates specifically for career in finance. It is taught keeping in mind that the students have some background in finance and want to specialize in it. There is some overlap with an MBA but the financial knowledge that you will gain will be in-depth and tailored to the field of finance.
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).
Basic requirements include:
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 fees and monthly cost of living for master’s in finance in different countries are:
Masters in Finance in USA: $40,000 ; $1,000
Masters in Finance in UK: £20,000 ; £1,500
Masters in Finance in Canada: CA$30,000 ; CA$1,500
Masters in Finance in Australia: AU$40,000 ; AU$2,000
Since Finance is an ever evolving market, there are always new roles that come into play when searching for jobs. Here is a list of the most common job profiles assumed by graduates:
The average salaries change from country to country as well as depending on the requirements in that region. These are the general trends observed:
MEDIAN SALARY FOR SIMILAR JOBS (WE CONSIDERED FINANCIAL CONSULTANT)