Best Master of Finance (MSF/MFin) Programs?
As i noticed that many top US universities do not offer master degree in Finance, instead, they have plenty of PhD or MBA. Is there a ranking for Master of Finance (MSF/MFin) NOT financial engineer or quantitative finance...
So far i know good schools like Princeton and some UK schools (LSE, LBS, Ox, Cam)and some 2nd tier schools (BC, Rochester, Vanderbilt, Florida, Imperial, UCL...) offer such program, which schools offer better programs? how's the quality of those programs offered by 2nd tier schools compared with 1st tier (Princeton, LSE...)ones'
I know the job market is awful, but just wanna know how do industry/professionals' view towards this kind of Master degree in Finance (MFin/MSF)? according to Prin, their grads got good job placement, how about 2nd tier school students? still have a shot to land a good job?
All ideas appreciated, thanks!
Best Masters of Finance Programs
When it comes to Wall Street, where you go to college is extremely important. This is no different when it comes to your masters. It is always better to go to a top tier school like Princeton for example, but if that is not possible there are other options. It is also important to know what kind of information will be emphasized at the school of your choice. The knowledge you gain there will help guide and define your career.
Top Masters of Finance Schools in the USA
The best Masters of Finance degrees in the USA come from the following schools.
- University of Illinois - Urbana Champaigne
- University of Florida (for work down south, not Wall Street)
- Purdue University
- Carnegie Mellon University
- Washington University in St. Louis
Out of the country there are a couple schools, Oxford and Cambridge, that can compete, but schools in the states are typically the most competitive.
What to Look for in a Masters of Finance Program
Now that we know what schools are the best option, we can take a look at what the most important things about a prospective program should be to you. The most important thing you will look at is job placement. If your school puts more students into good jobs, you will have a much better chance at landing the job that you want and can be more selective with your job offers. Top tier schools like Princeton or MIT will always have excellent job placement, but some second tier schools will have very high marks in job placement as well. For example, Florida has great job placement in companies in the south.
The next thing to look at is the nature of the program. Is it more quantitative like a financial engineering program, or is it more of a qualitative course like the more general finance. These things will matter once you have graduated and are looking for work. The skills you develop will be very important on which kind of jobs you can land. Some programs, like Vanderbilt's, have both a quantitative and corporate fast track. These are a very good option and can be influential when narrowing down schools.
The last thing, and to some outstanding students, the least important thing is difficulty of getting into the program. If you have a 3.5 or less and mediocre test scores, your options will be fairly limited without having some experience in the field. For example, Princeton acceptees have an average GPA of 3.8 from top universities, an 800 quantitative GRE score and 2-3 years of work experience (helpful but not required).
Many even have other graduate degrees. But, for Florida you only need a 3.5 or better and an acceptable GRE score.
You should apply to the best school that you believe you can get into as well as a good school you can likely get into and the school you will definitely get into. Applying to a lot of schools is common practice for graduate students as the rate of acceptance is much lower and each school's acceptance practices are much different, so you could get into a more challenging school because they put more emphasis on a talent that you have.
Read More About Masters Programs
- What Can I Do With A Master In Finance?
- Pre-Exp Masters Of Finance Vs. Masters In Management- Where Should I Attend?
- Best Masters Programs For IB Analyst
- Preparation For Master In Finance
Decided to Pursue a Wall Street Career? Learn How to Network like a Master.
Inside the WSO Finance networking guide, you'll get a comprehensive, all-inclusive roadmap for maximizing your networking efforts (and minimizing embarrassing blunders). This info-rich book is packed with 71 pages of detailed strategies to help you get the most of your networking, including cold emailing templates, questions to ask in interviews, and action steps for success in navigating the Wall Street networking process.