Master (MS) in Finance Abroad: A Comprehensive Guide for Indian Students 2025

Master in Finance, often called M. Fin, MSF (in North America) or MSc in Finance (in UK/Europe) is a postgraduate degree designed for graduates to make a career in fields such as Financial Analysis, Risk Management, Investment Banking, and Corporate Finance. The course is also for professionals with prior experience in Finance looking to advance their careers.

Fin is highly sought after by students due to its in-depth curriculum which focuses on financial theory, quantitative methods, and real-world applications. The 10-month to 2-year programs provide strong career prospects in global financial hubs like London, Singapore, Hong Kong, and New York.

Top countries like the USA, UK, Canada, and Australia offer Master in Finance programs for international students through their top universities. Some popular universities offering M. Fin include MIT Sloan, Columbia University, UC Berkeley, University of Oxford, University of Toronto, University of Melbourne, HEC Paris, Bocconi University, and more.

The eligibility criteria followed by most of the universities comprise a bachelor’s degree typically in Finance, Economics, Engineering, Mathematics, and relevant fields. Students must appear for the GMAT and GRE and prove their English language proficiency by submitting the scores for IELTS and TOEFL. Along with the Statement of purpose and Letters of recommendation, having prior work experience can make a student’s application appealing.

Read more: Master in Finance: Eligibility, Fees, Scholarships and Jobs

What is Masters in Finance Abroad?

International students can pursue a one-two year master's in Finance program in full-time, part-time, online, or hybrid learning mode. The MS in Finance tuition cost for international students varies depending on the country they choose. Students looking for affordable options can enroll in universities situated in Australia, Canada, or Germany. Master in Finance curriculum is quite expensive in countries like the UK and the USA. After completing the course, students can expect a high-profile job in top-notch companies with a minimum salary of INR 42L. Students can check the MS in Finance highlights below:

Particulars	MS in Finance Information
Full-Form (M. Fin/ MSF)	Masters in Finance
Mode of Study	Full-time, Part-time, Online/ Distance, Hybrid
MS Course Duration	10 months – 24 months
MS in Finance Tuition Fees	USA: USD 50,000 – USD 85,000 per year (INR 43L-INR 73L) UK: EUR 30,000 – EUR 55,000 per year (INR 33L- INR 61L) Australia: AUD 50,000 – AUD 70,000 per year (INR 27L-INR 38L) Canada: CAD 40,000 – CAD 75,000 per year (INR 25L-INR 45L) France/Germany: EUR 25,000 – EUR 50,000 per year (INR 23L-INR 47L)
Top Countries for MS	USA, UK, Australia, France, Germany, and Canada
Top MS Universities	MIT, Columbia Business School, University of Cambridge, UC Berkeley, University of Toronto, University of Melbourne, HEC Paris
Top Employers	J.P. Morgan, Goldman Sachs, Morgan Stanley, Barclays, McKinsey, BCG, Deloitte, PwC, PayPal, Stripe, Revolut, Coinbase, and more
Average Salary Range	USA: USD 80,000–120,000 (INR 66L-INR 99L) UK: EURO 50,000–80,000 (INR 45L-INR 72L) Canada: CAD 70,000–100,000 (INR 42L-INR 61L) Australia: AUD 80,000–110,000 (INR 44L-INR 60L)
Top MS Job Profiles	Investment Banker, Mergers & Acquisitions Analyst, Financial Analyst, Risk Analyst, Quantitative Analyst, Financial Data Analyst, FinTech Product Manager, Blockchain Strategist, Financial Regulator, Compliance Analyst etc.

Want to know what is the difference between MS in Finance and MBA in Finance? Watch this video

What is a Master in Finance?

Students who want to work in corporate finance, risk management, asset management, or investment banking must pursue a specialized postgraduate degree called a Master of Finance (M Fin). Depending on the country and university, the curriculum usually lasts between 10 months and 2 years. Some colleges allow students from other fields with necessary courses, although most prefer applicants with a background in Finance, Economics, Business, Mathematics, or Engineering.
Although top universities may prefer one to three years of experience, work experience is typically not essential for obtaining an MS in Finance. Depending on their schedules and professional objectives, students can select among full-time, part-time, online, or short-term financial courses. Numerous public universities (Toronto, NUS, Melbourne), Ivy League schools (MIT, Harvard, Oxford), and specialist finance schools (HEC Paris, Bocconi, ESSEC) offer M Fin.
With increasing demand in ESG investing, cryptocurrency, and AI-driven finance, graduates can find employment in investment banking, financial analysis, risk management, FinTech, and private equity. In the USA, the typical income is between USD 90,000 and USD 150,000 (₹75L to ₹1.25Cr), while in Europe, it is between EURO 60,000 and EURO 120,000 (₹54L to ₹1.08Cr). Higher incomes are associated with specializations such as FinTech, Investment Banking, and Quant Finance. For finance professionals, an M Fin is a great substitute for an MBA because it offers solid job prospects in the rapidly changing field of global finance.

Also check: Masters in Finance in Abroad

Best Countries to Study MS in Finance

The USA is the top choice for international students to study MS in Finance programs. The country houses the highest number of universities that offer the M Fin program in multiple specializations. After the USA, there are some other countries like Germany, the UK, Australia, and Canada, which also offer MS in Finance programs for international students. Check the list of top 5 countries to study MS in Finance with the number of universities:

Country	No. of Universities
USA	80+
Germany	25+
UK	30+
Australia	20+
Canada	15+

Also check : 5 Best Countries to Study MS Abroad

We have mentioned below the top MS in Finance universities abroad with their first-year tuition fee and application deadline for international students:

Top MS Universities in the USA
MS Universities in the USA	1st Year Tuition Fee	Application Deadlines
Massachusetts Institute of Technology (MIT)	INR 79L	Jan, 2026
Princeton University	INR 52L	Dec 15, 2026
University of California, Berkeley (UCB)	INR 72L	Oct 1, 2025
University of Pennsylvania (Wharton School)	INR 75L (approx.)	Feb, 2026
University of Chicago	INR 59L
Top MS Universities in Germany
MS Universities in Germany	1st Year Tuition Fee	Application Deadlines
Technical University of Munich	INR 10L	May 31, 2025
University of Mannheim	INR 33L (approx.)	May 31, 2025
Ludwig Maximilian University of Munich (LMU Munich)	INR 40L (approx.)	Jul 15, 2025
Goethe University Frankfurt	No fees	May 31, 2025
Humboldt University of Berlin	INR 11L (approx.)	Jul 15, 2025
Top MS Universities in the UK
MS Universities in the UK	1st Year Tuition Fee	Application Deadlines
University of Cambridge	INR 57L	May 31, 2025
University of Oxford	INR 58L	Oct, 2025
Imperial College London	INR 49L	Sep 2025
London School of Economics and Political Science (LSE)	INR 36L	Rolling
London Business School	INR 61L	NA
Top MS Universities in Australia
MS Universities in Australia	1st Year Tuition Fee	Application Deadlines
University of Queensland	INR 22L	May 2025
The University of Melbourne	INR 25L	Apr 2025
Monash University	INR 29L	May 2025
Australian National University (ANU)	INR 30L	May 2025
The University of Sydney	INR 26L	Jun 2025
Top MS Universities in Canada
MS Universities in Canada	1st Year Tuition Fee	Application Deadlines
University of Toronto	INR 40L	Jan 2026
University of British Columbia	INR 38L	Dec 31, 2025
Queen’s University at Kingston	INR 44L	Rolling
McGill University	INR 29L	Nov 15, 2025
University of Alberta	INR 20L	Mar 2026

Top Universities to Study MS in Finance (QS Rankings)

The Masters in Finance program of the University of Oxford ranked #1 by QS rankings 2025 based on various factors such as employability, alumni outcomes, value for money, diversity, and more. Along with Oxford, universities like HEC Paris and MIT grabbed top positions for providing M Fin programs. Students can check some of the top universities as per QS to study MS in Finance from all over the globe below:

University	QS Rank	Program
University of Oxford	1	MSc Financial Economics
HEC Paris	2	Master in International Finance
Massachusetts Institute of Technology (MIT)	3	Master of Finance
London Business School	4	Master of Finance
Cambridge University	5	Master of Finance

Must check: Scope of MS in Finance in USA

MS in Finance Admission Requirements for International Students

Along with having a bachelor’s degree in a relevant field, students must fulfill the eligibility by submitting the cumulative GPA score for most of the countries. In addition, students must submit certain mandatory documents, including transcripts from the university/college attended, standardized test scores, work experience, letter of recommendation, statement of purpose, and English language requirements. Students may expect some program-specific requirements also. The admission requirements to pursue an MS in Finance from top countries are given below:

MS in Finance Requirements in the USA
Eligibility	Required a bachelor’s degree from an accredited university (preferably in Finance, Economics, Business)
Academic GPA	Min 3 or 4-point scale
GRE/GMAT	Required
English Language Requirements	TOEFL, IELTS scores
Work experience	Not Mandatory
Letter of recommendation	Two-three professional/academic references required
Statement of purpose	Required
Resume/CV	Required
MS in Finance Requirements in the UK
Eligibility	A bachelor’s degree equivalent to a UK upper second-class honors (2:1) in finance, business, economics
Academic GPA	Not required
GRE/GMAT	GMAT required
English language Requirements	TOEFL, IELTS scores
Work experience	Preferred for certain programs
Letter of recommendation	Two-three professional/academic references required
Statement of purpose	Required
Resume/CV	Not Mandatory
MS in Finance Requirements in Germany
Eligibility	Required a bachelor’s degree in Finance, Business, and Economics fields
Academic GPA	Min 2.5 on 4-point scale
GRE/GMAT	GMAT required
English language Requirements	TOEFL, IELTS scores
Work experience	Not Mandatory
Letter of recommendation	One-two required
Statement of purpose	Required
Resume/CV	Not Mandatory
MS in Finance Requirements in Australia
Eligibility	Required a bachelor’s degree in Finance, Business, and Economics fields with above 65%
Academic GPA	Not mandatory
GRE/GMAT	GMAT required
English language Requirements	TOEFL, IELTS scores
Work experience	Not Mandatory
Letter of recommendation	One-two required
Statement of purpose	Required
Resume/CV	Not Mandatory
MS in Finance Requirements  in Canada
Eligibility	Required a bachelor’s degree in a relevant field
Academic GPA	Min 3 or 4-point scale
GRE/GMAT	GMAT required
English language Requirements	TOEFL, IELTS scores
Work experience	Preferred for certain programs
Letter of recommendation	Two-three professional/academic references required
Statement of purpose	Required
Resume/CV	Required

Visa Requirements for MS Courses

Students can pursue a master's from anywhere in the globe, but the visa applications and requirements vary as per the country. Students can check the list of top 5 countries to Study MS and their requirements in the table below:

Country	Visa Requirements
USA	Click here
Germany	Click here
UK	Click here
Australia	Click here
Canada	Click here

Also read: Student Visas for Study Abroad

MS Scholarships for Indian Students

There are a lot of scholarships available for international students based on their merit, need, or more. Students can avail of these scholarships by fulfilling the eligibility criteria which vary for each scholarship. The students can check some popular scholarships offered for master programs from various countries below:

Country	Scholarship Name	Reimbursement Offered
Canada	K.C. Mahindra Scholarships For Post-Graduate Studies Abroad	Tuition fees waiver : upto INR 8L
	Narotam Sekhsaria’s Scholarships	Tuition fees waiver
USA	Hani Zeini Scholarship	Tuition fees waiver : upto INR 82,460
	Zolve Global Scholarship	Tuition fees, Living Expense, Accommodations, others waiver : upto INR 4L
Australia	Unimoni Student Stars 2023	Tuition fees and Living Expense waiver : upto INR 3L
	Erasmus Mundus Joint Masters scholarships	Tuition fees waiver
Germany	Inlaks Scholarships (University Courses)	Tuition fees, Living Expense, and Air Fare waiver : upto INR 82L
	Dr. Jade Malay High Achiever Scholarship	Tuition fees waiver : upto INR 82K
UK	Global Study Awards	Tuition fees and Living Expense waiver : upto INR 9.3L
	Ritchie-Jennings Memorial Scholarship Program	Tuition fees waiver : upto INR 8.2L

MS in Finance Job Scope & Opportunities

Students, after completing their Master in Finance, can expect their careers in top companies like JP Morgan, ICICI, Morgan Stanley, Wipro, Infosys, Deloitte, and more. The estimated salaries of job roles like Financial Analyst are between INR 4L and INR 9L, and between INR 5L and INR 12L for Financial Manager. Students can check the table below for different job profiles for masters in Finance along with the average salary and top recruiters:

Job Title	Average Salary	Top Recruiters
Financial Analyst	4–9 LPA	JP Morgan, HSBC, ICICI
Finance Manager	5–12 LPA	Morgan Stanley, Goldman Sachs
Investment Banker	9–18 LPA	JP Morgan, HSBC, ICICI
Risk Manager	10–15 LPA	Wipro, Infosys, Deloitte
Management Consultant	11–25 LPA	Bain & Company, McKinsey & Company