Finance has always been one of the popular majors in American universities, and the demand for talents in the financial industry is also thirsty for talents. What are the conditions for applying for a master’s degree in financial engineering in the United States?
What are the conditions for applying for the Master of Financial Engineering in the United States? The Master of Finance in the United States can be roughly divided into the following three directions: 1.
This is the most common master’s degree in finance in the United States. The duration of master’s degree is basically 1 year, and the course content is mainly financial theory.
The main purpose of this form is to train financial professionals and teach students to conduct research and analysis on capital market operation and corporate finance.
Such as corporate finance theory, securities market and so on.
Typical courses for pure finance majors are investment analysis, corporate finance, managerial accounting, and financial management;
Basic subjects include economics, accounting, and quantitative law.
At present, some financial programs offered by some universities will also introduce some financial courses involving mathematics, computer and other aspects, in order to strengthen students’ technical background.
2. MFE/ Financial Engineering has four directions: ? Financial Engineering /MFE? Financial Mathematics /MMF? Mathematical Finance /MQF? Computer Finance /MCF These four directions are more mathematical. Most of them are not in the business school, but in the School of Mathematics or the School of Statistics.
Because of the higher technical requirements for students, such programs have certain advantages over ordinary financial programs in terms of employment.
These programs are STEM, with a 36-month OPT (temporary work visa) to find a job or internship, as opposed to 12 months for non-STEM majors;
There will also be more opportunities in the H1B lottery, which is also a big advantage for this major.
3. Mba-finance/Management Finance is a course offering that requires the study of MBA related management courses, which cover a wider range of subjects and are more diversified, but the finance major is not in-depth enough.
Usually these schools require two to three years or more of full-time work experience, so they are not eligible for recent graduates.
1. Requirements for Master of Finance: ?TOP1-TOP50 Required students: GPA: 3.5+TOFEL: 100 + GMAT: 700 GRE: 320 + ?TOP50-TOP100 Required students: GPA: 3.2+TOEFL: 90 + GMAT:
Over 650 GRE: over 315 General colleges and universities do not require students to have a major background, but when applying for a business degree background is relatively greater chance of admission;
Students are expected to have some mathematical skills and computer skills. Some schools require students to have an intermediate accounting background. Others require formal work experience.
Secondly, mathematics, economics, statistics, or computer science, physics, chemistry, engineering are also more popular in schools.
Some schools will have elective course requirements, such as undergraduate must have taken accounting, statistics, calculus and other basic courses, if not meet the requirements of elective courses, you need to make up before the beginning of the course.
2. Master of Financial Engineering application requirements: GPA: 3.5 or above TOEFL: 100+GRE: 320 or above GMAT: 700 or above.
If you are in a math or engineering school, you are required to provide a GRE score. Some schools also accept the GMAT.
Students with experience in linear algebra, probability, calculus, and the ability to use C/C++, MATLAB, MAPLE, etc., will be given extra credit.
Students with a major in financial engineering, computer science, mathematics, or statistics are more likely to apply.
The annual tuition fee for a master of finance is generally $50,000 to $80,000, and the living expenses are $10,000 to $30,000. The total cost is $60,000 to $110,000, which is not a small investment.
