Masters in Finance: Top Universities, Jobs, Salary & More [2025 Guide]

Planning to do a Master’s in Finance in 2025? You’re not the only one. In today’s time, finance isn’t just about maths and numbers. It’s about understanding how markets work, how businesses grow, and how new technologies like fintech are changing the game.

Whether you’re fresh out of college or someone wanting a career switch, a master’s in finance gives you the skills required to get jobs in banking or investment sectors. This guide will walk you through everything you need to know about doing masters in finance. You will learn about top universities, fees, jobs, salaries, and how to apply, so you can confidently plan your next step.

What Is a Master’s in Finance and Who Should Study It?

A Master’s in Finance is a specialized postgraduate degree that goes deep into how money moves. Not just in theory, but in real-world markets, companies, and economies. It will cover everything from financial modeling, investment analysis, risk management to corporate finance and fintech innovation. What makes it different from, say, an MBA? Two things:

• It’s laser-focused on finance.
• It’s shorter and more technical.

And here’s the wild part. Over 65% of students graduating from top MFin programs land a job within 3 months. Plus, it is not just for people obsessed with stocks and excel sheets. This field is also for:

• Fresh Graduates in Finance, Economics, or Business.
• STEM & Engineering Students Making the Switch
• Early Career Professionals Wanting a Career Shift or Boost

Which Are the Top Universities for Masters in Finance in 2025?

Choosing the right university for your Master’s in Finance isn’t just about rankings. It’s about career outcomes, global brand value, alumni networks, and industry access. That said, rankings do help narrow the field. These universities consistently feature in the QS Business Master’s Rankings: Finance 2025 and the Financial Times MFin Rankings.

They are also recruiters’ favorites, placing graduates into top-tier companies like Goldman Sachs, BlackRock, McKinsey, Deloitte, HSBC, and Morgan Stanley. Here’s a look at some of the most respected finance universities in the world right now alongside tution fees:

What Is the Eligibility Criteria for a Masters in Finance?

To apply for a Master’s in Finance, you’ll need a strong academic background, solid quantitative skills, and proof of English language proficiency if you’re an international student. Most universities expect a bachelor’s degree in a related field, competitive test scores (GMAT/GRE), and supporting documents like an SOP, letters of recommendation, and a resume. 

Top programs are competitive, so meeting the minimum isn’t always enough. Your application needs to show both technical ability and a clear interest in the finance industry. Here’s a detailed look at the eligibility criteria for doing master’s in finance:

1. Academic Qualifications

Let’s start with the basics. Most universities expect a minimum GPA of 3.0/4.0 (around 60–70% for Indian universities). Top schools like MIT, LBS, or Oxford often look for GPAs closer to 3.5+ or proof of strong analytical skills. You will require bachelors in:

1. Finance, Accounting, Economics
2. Business Administration or Management
3. Engineering, Mathematics, Statistics, or Physics (especially for quant-heavy programs)

2. Standardized Tests

This part is a bit mixed. Some schools do require standardized tests, while others don’t. Schools like Bocconi (Italy), University of St. Gallen (Switzerland), and some UK unis now offer GMAT/GRE waivers if you have a solid GPA, academic transcripts, or relevant work experience. Below are the key tests that are required: 

• GMAT (Graduate Management Admission Test): Still preferred by top-tier programs in the US, UK, and Asia. A score of 650+ is considered competitive; some elite schools look for 700+. Strong quant performance matters more than your verbal. 
• GRE (Graduate Record Examination): Accepted at most schools as an alternative. Aim for 320+, especially with a high quant section (165+). 

3. Language Proficiency

If English isn’t your first language, you’ll need to prove you can handle academic coursework. Top-tier unis like LBS and MIT may expect the higher end of the score range (7.0+ IELTS, 100+ TOEFL). Here’s what most schools accept:

4. Additional Requirements 

To get noticed in a competitive applicant pool, your supporting documents need to hit the mark. It should include the following: 

• Statement of Purpose (SOP): Tell your story. Why finance? Why now? Why this school? Keep it personal, focused, and career-aligned. 
• Letters of Recommendation (2–3): Usually from professors or past employers. Ideally, someone who can speak to your quantitative skills, teamwork, or leadership potential. 
• Resume/CV: Highlight relevant Internships (investment firms, banks, consultancies, etc.), Finance projects (academic or freelance) and certifications, volunteering, or case competitions. 

How Much Does a Masters in Finance Cost in 2025?

Studying abroad isn’t cheap. And when it comes to a Master’s in Finance, your total spend can vary a lot. It all depends on where you study, how long the course runs, and what lifestyle you choose. While the US and UK are still the most expensive options, Europe and Canada offer increasingly popular, budget-friendly routes.  

The key is to look beyond just tuition. Think about housing, groceries, transport, insurance, visa fees, and even hidden campus costs (yes, printing fees still exist in 2025). Here’s a realistic breakdown of how much it will cost to study finance according to countries to help you budget smarter: 

What Jobs Can You Get After a Masters in Finance? 

If you’re pouring thousands into a master’s degree in finance, the job hunt needs a better pay off. And in most cases? It really does. Placement in this field is faster. Many of these roles come with six-figure starting salaries, especially in high-demand areas like quant finance, fintech strategy, and risk management. LinkedIn’s 2024 Global Finance Hiring Report also shows that investment banking, fintech, and asset management are leading the charge.

Hot markets for a finance degree are New York, London, Frankfurt, and Singapore. So, what can you actually do with a finance master’s? Let’s break down jobs, responsibilities, and the salary ranges you can expect in 2025:

How to Apply for a Masters in Finance in 2025?

Applying for a Master’s in Finance isn’t as intimidating as it seems. But it does take a solid plan, a few deadlines to track, and some prep along the way. The good news? Most students who start early and organize well boost their chances of getting into top schools and securing funding. Here’s your 7-step guide to help you apply for masters in finance:

1. Start 10–12 Months in Advance: The sweet spot is August to October 2025 if you’re targeting a Fall 2026 intake. This gives you enough time to shortlist universities, check their deadlines, and figure out if you’re eligible. According to QS, over 65% of international applicants begin their planning 9–12 months before deadlines.

2. Take Your Tests: If your target university asks for a GMAT or GRE, begin prep at least 3–5 months in advance. A score of 650+ (GMAT) or 320+ (GRE) is usually competitive for top-tier schools. Also, if English isn’t your first language, take IELTS, TOEFL, or Duolingo. Most unis need these as proof of proficiency.

3. Gather Your Documents: Start collecting transcripts, test scores, your latest resume, and 2–3 letters of recommendation. Don’t rush your Statement of Purpose. This is where you show why you want to study finance and why now. Pro tip: A well-written SOP can sometimes outweigh a mediocre test score. 

4. Submit Your Applications: Most applications are submitted through platforms like UCAS (UK), OUAC (Canada), or the university’s own portal. Deadlines vary, but top programs in the US, UK, and Europe often close between October and January.

5. Apply for Scholarships or Financial Aid: Explore financial aid options right after submitting your application. Top scholarship programs like Chevening (UK), DAAD (Germany), and Fulbright (US) offer partial to full funding for finance students. In 2024, nearly 1 in 3 international students received some form of funding through university or government programs.

6. Apply for a Student Visa: Once you receive your offer letter, kick off the visa process ASAP. You’ll usually need to show proof of funds, your admission letter, valid health insurance, and confirmed housing. Visa approvals for finance students are generally smooth, but processing times can stretch to 4–8 weeks depending on the country.

7. Book Housing & Flights: This is the final stretch. Most students book flights and student accommodation 2–3 months before their course begins. Try securing housing early. Especially in cities like London, Toronto, and Boston where student rooms sell out fast. Also, keep a copy of your visa and documents handy for immigration checks.

Conclusion

A Master’s in Finance in 2025 is more than just another degree. It’s a smart career move. Many students land good jobs within 3 months of graduating. Especially from top universities with strong links to big companies. But getting in is just the first step. You need to choose the right university, prepare your documents, and apply on time.

And once you’ve got that admission letter, don’t stress about housing. University Living can help you find verified student accommodation near your university. That to with all-inclusive rent and 24/7 support. Your study-abroad journey just got a whole lot easier.

Frequently Asked Questions