Master’s Degrees in Finance & Financial Management
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Education Levels of Finance Majors
In 2020-2021, 4,544 master's degrees were awarded to finance majors. This earns it the #42 spot on the list of the most popular master's degree programs in the nation.
The following table shows the number of diplomas awarded in finance at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 48,215 |
| Master’s Degree | 4,544 |
| Basic Certificate | 3,329 |
| Graduate Certificate | 1,197 |
| Associate Degree | 323 |
| Undergraduate Certificate | 127 |
| Doctor’s Degree | 43 |
Earnings of Finance Majors With Master’s Degrees
The median salary for graduates holding a master's degree in finance is $66,697. However, this can depend on a number of factors, such as where you live and the number of years experience you have. To get a better picture, earnings for this category of people can range from a low of $58,471 to a high of $79,048.
Student Debt
We do not have the data to calculate the median and range of debt loads for finance students who are master's degree holders.
Student Diversity
More men than women pursue master's degrees in finance. About 63.3% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 2,875 |
| Women | 1,669 |
The racial-ethnic distribution of finance master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 300 |
| Black or African American | 308 |
| Hispanic or Latino | 483 |
| White | 1,754 |
| International Students | 1,409 |
| Other Races/Ethnicities | 290 |
Most Popular Finance Programs for Master’s Degrees
There are 235 colleges that offer a master’s degree in finance. Learn more about the most popular 20 below:
University of Pennsylvania tops the list of the most popular school in the U.S. for finance majors who are seeking their master's degree. Roughly 26,500 attend the school each year. The average in-state tuition for full-time undergraduates is $54,652 per year, while in-state graduate students, on average, pay $38,732 per year. During the 2020-2021 academic year, 303 people received their master's degree in finance from UPenn. About 33% of this group were women, and 33% were students from an underrepresented racial-ethnic group.
The 2nd most popular school in the country for finance majors who are seeking their master's degree is Boston University. Roughly 32,700 attend the school each year. The average in-state tuition for full-time undergraduates is $58,560 per year, while in-state graduate students, on average, pay $58,560 per year. For the 2020-2021 academic year, 215 master's degrees were handed out to finance majors at Boston U. Of these students, 42% were women and 8% were members of underrepresented racial-ethnic groups.
Case Western Reserve University is the 3rd most popular school in the nation for students seeking a master's degree in finance. Roughly 11,400 attend the school each year. The average in-state tuition for full-time undergraduates is $54,020 per year, while in-state graduate students, on average, pay $49,358 per year. During the 2020-2021 academic year, 186 people received their master's degree in finance from Case Western. Around 6% of these students were from an underrepresented racial-ethnic group, and 56% were women.
Tulane University of Louisiana is the 4th most popular school in the nation for students seeking a master's degree in finance. Each year, around 13,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $56,684 per year, while in-state graduate students, on average, pay $59,000 per year. The finance program at Tulane University of Louisiana awarded 157 master's degrees during the 2020-2021 school year. Around 8% of these students were from an underrepresented racial-ethnic group, and 41% were women.
Harvard University is the 4th most popular school in the nation for students seeking a master's degree in finance. Roughly 30,300 attend the school each year. The average in-state tuition for full-time undergraduates is $51,143 per year, while in-state graduate students, on average, pay $50,928 per year. For the 2020-2021 academic year, 157 master's degrees were handed out to finance majors at Harvard. Around 41% of these students were from an underrepresented racial-ethnic group, and 35% were women.
Colorado State University - Global Campus comes in at #6 on our list of the most popular colleges offering master's degrees in finance. Roughly 12,500 attend the school each year. The average in-state tuition for full-time undergraduates is $8,400 per year, while in-state graduate students, on average, pay $9,000 per year. For the 2020-2021 academic year, 117 master's degrees were handed out to finance majors at Colorado State University - Global Campus. Of these students, 50% were women and 31% were members of underrepresented racial-ethnic groups.
Florida International University is the 7th most popular school in the nation for students seeking a master's degree in finance. Roughly 58,800 attend the school each year. The average in-state tuition for full-time undergraduates is $4,721 per year, while in-state graduate students, on average, pay $8,912 per year. For the 2020-2021 academic year, 105 master's degrees were handed out to finance majors at FIU. About 43% of this group were women, and 54% were students from an underrepresented racial-ethnic group.
Georgetown University comes in at #8 on our list of the most popular colleges offering master's degrees in finance. Roughly 19,300 attend the school each year. The average in-state tuition for full-time undergraduates is $59,784 per year, while in-state graduate students, on average, pay $54,672 per year. For the 2020-2021 academic year, 102 master's degrees were handed out to finance majors at Georgetown. Around 24% of these students were from an underrepresented racial-ethnic group, and 25% were women.
The 9th most popular school in the country for finance majors who are seeking their master's degree is Southern New Hampshire University. Roughly 134,300 attend the school each year. The average in-state tuition for full-time undergraduates is $15,000 per year, while in-state graduate students, on average, pay $18,900 per year. During the 2020-2021 academic year, 85 people received their master's degree in finance from SNHU. Around 39% of these students were from an underrepresented racial-ethnic group, and 32% were women.
Hofstra University is the 10th most popular school in the nation for students seeking a master's degree in finance. Each year, around 10,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $50,265 per year, while in-state graduate students, on average, pay $27,180 per year. For the 2020-2021 academic year, 73 master's degrees were handed out to finance majors at Hofstra. About 42% of this group were women, and 18% were students from an underrepresented racial-ethnic group.
Goldey - Beacom College is the 10th most popular school in the nation for students seeking a master's degree in finance. Each year, around 1,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $12,750 per year, while in-state graduate students, on average, pay $16,632 per year. During the 2020-2021 academic year, 73 people received their master's degree in finance from Goldey - Beacom College. About 58% of this group were women, and 22% were students from an underrepresented racial-ethnic group.
West Texas A&M University is the 12th most popular school in the nation for students seeking a master's degree in finance. Each year, around 10,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $6,211 per year, while in-state graduate students, on average, pay $5,086 per year. During the 2020-2021 academic year, 72 people received their master's degree in finance from West Texas A&M University. Around 38% of these students were from an underrepresented racial-ethnic group, and 32% were women.
Stony Brook University comes in at #13 on our list of the most popular colleges offering master's degrees in finance. Roughly 26,700 attend the school each year. The average in-state tuition for full-time undergraduates is $7,070 per year, while in-state graduate students, on average, pay $11,310 per year. For the 2020-2021 academic year, 71 master's degrees were handed out to finance majors at SUNY Stony Brook. Of these students, 34% were women and 27% were members of underrepresented racial-ethnic groups.
Washington University in St Louis comes in at #14 on our list of the most popular colleges offering master's degrees in finance. Roughly 15,400 attend the school each year. The average in-state tuition for full-time undergraduates is $57,750 per year, while in-state graduate students, on average, pay $57,750 per year. During the 2020-2021 academic year, 68 people received their master's degree in finance from WUSTL. About 53% of this group were women, and 7% were students from an underrepresented racial-ethnic group.
Bentley University comes in at #14 on our list of the most popular colleges offering master's degrees in finance. Each year, around 5,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,910 per year, while in-state graduate students, on average, pay $42,200 per year. During the 2020-2021 academic year, 68 people received their master's degree in finance from Bentley. Around 19% of these students were from an underrepresented racial-ethnic group, and 32% were women.
University of Toledo comes in at #16 on our list of the most popular colleges offering master's degrees in finance. Each year, around 18,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,028 per year, while in-state graduate students, on average, pay $14,758 per year. During the 2020-2021 academic year, 61 people received their master's degree in finance from University of Toledo. Of these students, 44% were women and 5% were members of underrepresented racial-ethnic groups.
Webster University comes in at #17 on our list of the most popular colleges offering master's degrees in finance. Roughly 8,100 attend the school each year. The average in-state tuition for full-time undergraduates is $28,500 per year, while in-state graduate students, on average, pay $13,500 per year. During the 2020-2021 academic year, 60 people received their master's degree in finance from Webster. Around 33% of these students were from an underrepresented racial-ethnic group, and 60% were women.
The 18th most popular school in the country for finance majors who are seeking their master's degree is Saint Joseph's University. Each year, around 6,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $47,740 per year, while in-state graduate students, on average, pay $18,144 per year. The finance program at Saint Joseph's University awarded 55 master's degrees during the 2020-2021 school year. About 29% of this group were women, and 11% were students from an underrepresented racial-ethnic group.
The 19th most popular school in the country for finance majors who are seeking their master's degree is Universidad Metropolitana. Roughly 8,800 attend the school each year. The average in-state tuition for full-time undergraduates is $4,920 per year, while in-state graduate students, on average, pay $2,652 per year. The finance program at Universidad Metropolitana awarded 54 master's degrees during the 2020-2021 school year. Around 100% of these students were from an underrepresented racial-ethnic group, and 56% were women.
Johns Hopkins University is the 19th most popular school in the nation for students seeking a master's degree in finance. Each year, around 28,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,720 per year, while in-state graduate students, on average, pay $58,720 per year. For the 2020-2021 academic year, 54 master's degrees were handed out to finance majors at Johns Hopkins. Around 37% of these students were from an underrepresented racial-ethnic group, and 33% were women.
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Related Majors
Below are some popular majors that are similar to finance that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 122,843 |
| Management Sciences & Methods | 29,299 |
| Accounting | 18,187 |
| Human Resource Management | 9,750 |
| Business & Commerce | 8,488 |
References
*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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