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Master's Degree in Finance & Financial Management

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Master’s Degrees in Finance & Financial Management

5,353 Yearly Graduations
$64,700 Median Salary
$41,000 Median Debt
There are 224 schools in the United States where you can get your master's degree in finance. This degree is more popular with male students, and about 22% of recent graduates were from an underrepresented racial-ethnic group. Also, 42.0% of finance graduates were international students.

Education Levels of Finance Majors

In 2019-2020, 5,353 master's degrees were awarded to finance majors. This makes it the 6th most popular master's degree program in the country.

The following table shows the number of diplomas awarded in finance at each degree level.

Education Level Number of Grads
Bachelor’s Degree 48,043
Master’s Degree 5,353
Basic Certificate 3,125
Graduate Certificate 897
Associate Degree 293
Undergraduate Certificate 132
Doctor’s Degree 50

Earnings of Finance Majors With Master’s Degrees

The median salary for graduates holding a master's degree in finance is $64,700. This number may vary for a lot of reasons. For instance, you may decide to move to a location where people with your degree are rare and make more money. To get a better picture, earnings for this category of people can range from a low of $53,900 to a high of $78,675.

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Student Debt

The median student debt for graduates holding a master's degree in finance is $41,000. The school you go to and how long it takes you to graduate, among other things, can cause this number to vary. The chart below shows the range of accumulated debt loads. On the high side of the range, $50,276 is the debt load, and the debt load on the low side is $35,094.

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Those students who are paying back their debt on a 10-year repayment plan have a median monthly payment of $478.

Student Diversity

More men than women pursue master's degrees in finance. About 60.4% of graduates in this field are male.

Gender Number of Grads
Men 3,232
Women 2,121
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The racial-ethnic distribution of finance master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 314
Black or African American 307
Hispanic or Latino 499
White 1,695
International Students 2,249
Other Races/Ethnicities 289
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There are 224 colleges that offer a master’s degree in finance. Learn more about the most popular 20 below:

Finance Focus Areas

Major Annual Degrees Awarded
Finance 4,977
Financial Planning & Services 187
Other Financial Management 93
Investments & Securities 53
International Finance 19

Below are some popular majors that are similar to finance that offer master’s degrees.

Major Annual Degrees Awarded
Business Administration & Management 121,330
Management Sciences & Methods 23,091
Accounting 19,027
Human Resource Management 9,112
Business & Commerce 8,782

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.

More about our data sources and methodologies.

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