Master of Science [MS] (Financial Management)
₹64.9 L/Yr
Boston University's Master of Science in Financial Management is a flexible, STEM-designated program offered through the Metropolitan College (MET) in both online and on-campus formats. The program can be completed in 8-16 months depending on enrollment status (full-time or part-time). Students can choose from four specializations: Artificial Intelligence Applications, International Finance, Investment Analysis, or Sustainability. The program ranks #12 in US News & World Report's Best Online Master's in Business Programs (Excluding MBA) and is part of the CFA Institute University Affiliation Program, providing excellent preparation for CFA exams. The curriculum emphasizes quantitative analysis, financial analytics, and practical applications in corporate finance, investments, and multinational finance.
International students on F-1 visas receive full visa sponsorship for full-time on-campus study and can work on-campus up to 20 hours per week during the academic year. The program is STEM-designated, allowing graduates 12 months of Optional Practical Training (OPT) with an extension for up to 24 additional months. Median starting salary for graduates is USD 100,500, with career opportunities in financial analysis, investment management, corporate finance, and risk management.
Current Admission Status:
For Fall 2026 entry, the application deadline is June 1, 2026. For Spring 2027 entry, the application deadline is October 15, 2026. Applications are reviewed on a rolling basis; earlier applications have higher acceptance rates. Admissions decisions are typically released within 2-4 weeks of application submission. Students can begin the program in Fall, Spring, or Summer terms.
- Why Study Boston University MS Financial Management
- Tuition and Fees for Boston University MS Financial Management
- Cost of Living in Boston for International MS Financial Management Students
- Admission Requirements and Process for Boston University MS Financial Management
- English Language Proficiency (ELP) Requirements for Boston University MS Financial Management
- Boston University MS Financial Management Ranking
- Scholarships for International Students Studying Boston University MS Financial Management
- Placement Data and Job Outcomes for Boston University MS Financial Management Graduates
- Return on Investment for Boston University MS Financial Management (International Students)
- Frequently Asked Questions (FAQs)
Why Study Boston University MS Financial Management
- The program is STEM-designated, allowing international graduates 12 months of Optional Practical Training (OPT) with an extension for up to 24 additional months—significantly longer than non-STEM programs.
- Boston University's MS Financial Management ranks #12 in US News & World Report's Best Online Master's in Business Programs and is part of the CFA Institute University Affiliation Program, providing excellent preparation for CFA exams.
- The program offers flexible study options: full-time (8-12 months) or part-time (16 months), on-campus or fully online, allowing customization to your schedule and lifestyle.
- Four specialization options (AI Applications, International Finance, Investment Analysis, Sustainability) allow you to tailor the degree to your career goals and interests.
- Median starting salary for graduates is USD 100,500 (approximately ₹93.4 Lakhs), with 8% projected ten-year job growth (faster than average) in finance careers.
- The program emphasizes practical, hands-on learning with real-world projects, case studies, and access to advanced analytics labs and tools (Python, R, SQL, Power BI).
- Small class sizes (24:1 average student-to-instructor ratio) ensure close interaction with faculty and personalized support.
- International students can work on-campus up to 20 hours per week during studies and access 12 months of OPT (extendable to 24 months) after graduation for US work experience.
Tuition and Fees for Boston University MS Financial Management
Boston University's MS Financial Management tuition varies based on enrollment status. Full-time students (12-16 units per semester) pay USD 36,512 per semester; part-time students (4-8 units per semester) pay USD 585-1,030 per unit depending on course level. The program requires 32 units total, typically completed in 8-16 months.
All INR conversions based on USD 1 = ₹92.96 as of April 10, 2026. Exchange rates are subject to change.
| Enrollment Status | Tuition per Semester | Fees per Semester | Total Program Cost | Time to Degree |
|---|---|---|---|---|
| Full-Time (16 units/semester) | USD 36,512 | USD 524 | USD 74,072 | 8-12 months |
| Full-Time (12 units/semester) | USD 36,512 | USD 524 | USD 82,387 | 12-16 months |
| Part-Time (8 units/semester) | USD 4,680-8,240 | USD 75 | USD 26,140-29,700 | 16 months |
INR Conversion (Full-Time):
- Per Semester: USD 37,036 = ₹34.4 Lakhs
- Total Program (2 semesters): USD 74,072 = ₹68.8 Lakhs
Key Fee Insights:
- International students seeking F-1 visa sponsorship must enroll full-time (minimum 12 units per semester).
- Part-time students are not eligible for F-1 visa sponsorship but can study online.
- Tuition is charged per unit for part-time students: USD 585/unit (courses 100-599) or USD 1,030/unit (courses 600-999).
- Fees include university services, technology access, and campus facilities.
- Merit scholarships are available and may reduce tuition costs (see Scholarships section).
- Payment plans are available; students can pay per semester or arrange installment plans.
- Books and supplies are estimated at USD 2,550 annually (not included in tuition).
Cost of Living in Boston for International MS Financial Management Students
Boston is a major US city with a higher cost of living. For full-time graduate students, estimated annual living expenses are approximately USD 25,182-30,000, including housing, food, transportation, books, and personal expenses. On-campus housing is limited; most graduate students live off-campus.
| Expense Category | Monthly Cost (USD) | Annual Cost (USD) | Annual Cost (INR) |
|---|---|---|---|
| Accommodation (on-campus) | 1,100-1,900 | 13,200-22,800 | 12.3-21.2 Lakhs |
| Accommodation (off-campus, shared) | 1,200-1,800 | 14,400-21,600 | 13.4-20.1 Lakhs |
| Food (groceries + dining out) | 500-800 | 6,000-9,600 | 5.6-8.9 Lakhs |
| Transportation (MBTA pass) | 90 | 1,080 | 1 Lakh |
| Utilities (electricity, internet, phone) | 150-200 | 1,800-2,400 | 1.7-2.2 Lakhs |
| Books and Course Materials | 200-300 | 2,400-3,600 | 2.2-3.3 Lakhs |
| Personal Care and Miscellaneous | 200-300 | 2,400-3,600 | 2.2-3.3 Lakhs |
| Total Monthly | 3,440-5,190 | 41,280-62,280 | 38.4-57.9 Lakhs |
Combined Annual Cost (Full-Time Tuition + Living): USD 115,352-156,352 (approximately ₹1.07-1.45 Crores)
Accommodation Options in Boston
Boston University offers limited on-campus graduate housing; most graduate students live off-campus. On-campus housing is available on a first-come, first-served basis with priority given to first-year students.
On-Campus Housing (BU Graduate Housing):
| Housing Type | Annual Cost (USD) | Annual Cost (INR) | Notes |
|---|---|---|---|
| Single Room in 4-Person Apartment (Student Village) | 22,070 | 20.5 Lakhs | Modern facilities; utilities included |
| Standard Graduate Dorm | 13,170-16,800 | 12.2-15.6 Lakhs | Shared common areas |
| Graduate Apartment (1-Bedroom) | 18,000-22,000 | 16.7-20.4 Lakhs | Limited availability |
Off-Campus Housing (Private Market):
| Housing Type | Monthly Cost (USD) | Annual Cost (USD) | Annual Cost (INR) | Notes |
|---|---|---|---|---|
| Shared 2-Bedroom Apartment (per person) | 1,200-1,600 | 14,400-19,200 | 13.4-17.8 Lakhs | Most common for graduate students |
| Private 1-Bedroom Apartment | 1,800-2,400 | 21,600-28,800 | 20.1-26.8 Lakhs | Higher cost; more independence |
| House Share (3+ people) | 1,000-1,400 | 12,000-16,800 | 11.2-15.6 Lakhs | Most affordable option |
Housing Notes:
- On-campus housing costs are NOT included in tuition; they are separate charges.
- Off-campus housing is typically found through Craigslist, Facebook groups, and BU Housing Guide.
- Most leases run September-August (academic year); summer sublets are available at reduced rates.
- Security deposits (typically 1 month's rent) are required upfront and refundable at lease end.
- International students should arrive 2-3 weeks early to secure housing; temporary housing costs USD 75-150 per night.
- Boston's public transportation (MBTA) provides affordable access to campus and the city; monthly pass costs USD 90.
Part-Time Work Opportunities for International MS Financial Management Students
International students on F-1 visas can work on-campus up to 20 hours per week during the academic year and full-time during official breaks. Off-campus employment requires special authorization (CPT or OPT) and is generally not available during studies. Massachusetts minimum wage is USD 15.00 per hour (as of 2026).
Common On-Campus Work for Graduate Students:
- Graduate Assistant (Teaching/Research): USD 18.00-22.00/hour; 10-20 hours/week; grading, course support, research assistance.
- Career Services Assistant: USD 16.00-18.00/hour; 10-15 hours/week; event coordination, resume review, career counseling support.
- Library Assistant: USD 15.50-17.50/hour; 10-15 hours/week; cataloging, shelving, patron assistance.
- Admissions Ambassador: USD 16.00-18.00/hour; 8-12 hours/week; campus tours, student recruitment events.
- Resident Advisor (RA): USD 500-800/month + free housing; 15-20 hours/week; residential college supervision (limited positions).
Estimated Monthly Earnings: USD 640-1,320 (approximately ₹59,500-1.23 Lakhs) for 10-20 hours/week at minimum wage.
Admission Requirements and Process for Boston University MS Financial Management
Boston University's MS Financial Management has a moderate acceptance rate of approximately 75% for BU MET programs. The program evaluates applicants based on academic record, work experience, English language proficiency, and fit with program goals. No GRE/GMAT is required, making the application process more accessible.
Application Deadlines and Intake Dates
| Milestone | Date | Time (EST) | Time (IST) |
|---|---|---|---|
| Fall 2026 Intake | |||
| Application Deadline | June 1, 2026 | 11:59 PM | 9:29 AM (Jun 2) |
| Admissions Decisions | Rolling (2-4 weeks) | — | — |
| Program Start Date | September 2026 | — | — |
| Spring 2027 Intake | |||
| Application Deadline | October 15, 2026 | 11:59 PM | 9:29 AM (Oct 16) |
| Admissions Decisions | Rolling (2-4 weeks) | — | — |
| Program Start Date | January 2027 | — | — |
| Summer 2027 Intake | |||
| Application Deadline | April 1, 2027 | 11:59 PM | 9:29 AM (Apr 2) |
| Program Start Date | June 2027 | — | — |
Note: Applications are reviewed on a rolling basis; earlier applications have higher acceptance rates. International students should apply early to allow time for visa processing.
Eligibility Criteria
Academic Requirements:
- Bachelor's degree or international equivalent from an accredited institution, completed before matriculation.
- Strong undergraduate record; competitive applicants typically have GPA 3.0+.
- For Indian students: A bachelor's degree with First Class (60%+) or Upper Second Class (55%+) is competitive.
Standardized Testing:
- GRE/GMAT: NOT required for admission to MS Financial Management.
- Optional submission of GRE/GMAT scores may strengthen application but is not necessary.
English Language Proficiency (ELP):
- TOEFL iBT, IELTS Academic, or Duolingo is required for most applicants whose native language is not English.
- Minimum TOEFL iBT: 84 (recommended 90+); IELTS: 6.5 (recommended 7.0+); Duolingo: 115.
- Exemption available: If you received an undergraduate degree from an English-medium institution where you studied in residence for at least 3 years, you may be exempt.
Work Experience:
- No minimum work experience requirement; however, relevant work experience strengthens application.
- Recent graduates can be admitted; average admitted students have 2-5 years of professional experience.
Program-Specific Requirements:
- Personal statement/essay (300-500 words): Why MS Financial Management? Career goals? Why BU MET?
- Resume/CV highlighting professional experience and achievements.
- Two letters of recommendation from professional contacts (managers, professors, colleagues).
- Unofficial transcripts from all colleges/universities attended.
Admission Process
- Submit online application through BU MET Admissions Portal (bu.edu/met/admissions/apply-now-graduate/).
- Upload unofficial transcripts from all colleges/universities attended; official transcripts required only after admission.
- Upload personal statement/essay (300-500 words).
- Request two letters of recommendation; recommenders submit directly through the portal.
- Pay USD 75 application fee (or request fee waiver if demonstrating financial need).
- Submit TOEFL/IELTS scores directly from testing agency if applicable.
- No interview required for most applicants; selected applicants may be invited to interview.
- Admissions decisions are released on a rolling basis (typically 2-4 weeks after application submission).
English Language Proficiency (ELP) Requirements for Boston University MS Financial Management
Boston University requires TOEFL iBT, IELTS Academic, or Duolingo from most international applicants whose native language is not English. Minimum TOEFL iBT is 84; minimum IELTS is 6.5; minimum Duolingo is 115. Competitive applicants typically score TOEFL 90+ or IELTS 7.0+.
ELP Exam Requirements:
- TOEFL iBT: Minimum 84; competitive score 90+.
- IELTS Academic: Minimum 6.5; competitive score 7.0+.
- Duolingo English Test: Minimum 115; competitive score 120+.
- Cambridge English Exam: Accepted; competitive score C1 or higher.
Waivers Available:
- Exemption granted if you hold an undergraduate degree from an English-medium institution where you studied in residence for at least 3 years.
- No exemptions for advanced degrees (MA/MS/MBA) from any institution, even if completed in English.
- Indian students with undergraduate degrees from English-medium universities (e.g., Delhi University, IIT, BITS Pilani) typically qualify for exemption.
Timeline:
- TOEFL/IELTS scores must be submitted by the application deadline.
- Test results typically available 5-10 days after exam; schedule tests by the month before your target deadline.
- Official scores must be sent directly from the testing agency to BU MET.
Key Insight:
- Exam cost: TOEFL iBT USD 230; IELTS USD 250; Duolingo USD 49. Prep courses typically cost USD 500-2,000.
Boston University MS Financial Management Ranking
Boston University's MS Financial Management ranks #12 in US News & World Report's Best Online Master's in Business Programs (Excluding MBA) 2026. The program is part of the CFA Institute University Affiliation Program and is AACSB-accredited through BU's Questrom School of Business. The program emphasizes quantitative finance, financial analytics, and practical applications in corporate finance and investments.
| Ranking Body | Year | Rank | Subject |
|---|---|---|---|
| US News & World Report | 2026 | #12 | Best Online Master's in Business Programs (Excluding MBA) |
| CFA Institute | — | Affiliated | University Affiliation Program |
| AACSB International | — | Accredited | Business Accreditation |
| QS World University Rankings | 2026 | 88 | Overall University |
| Times Higher Education (THE) | 2026 | 76 | Overall University |
Note: The program's #12 ranking in US News reflects its standing among online business master's programs nationally. The STEM designation and CFA affiliation provide additional credibility and career advantages.
Scholarships for International Students Studying Boston University MS Financial Management
Boston University MET offers merit-based scholarships to qualified applicants. All graduate students are automatically considered for merit scholarships during the application process; no separate application is required. International students are eligible for the same merit scholarships as domestic applicants, though funding availability for international students is more limited.
BU MET Merit Scholarships:
| Scholarship Type | Amount | Eligibility | Application |
|---|---|---|---|
| MET Merit Scholarship | USD 5,000-15,000/year | Strong academic record, relevant work experience | Automatic consideration |
| Double Terrier Scholarship | 25% tuition discount | BU bachelor's degree recipients | Automatic consideration |
| Edgar B. Graves Scholarship | Varies | Demonstrated financial need (limited for international) | Automatic consideration |
External Funding Options for International Students:
- Fulbright Scholarships: Available for Indian students; covers tuition + living expenses; highly competitive.
- DAAD Scholarships (Germany): Limited availability for non-German students.
- Home Country Government Scholarships: Check with your country's education ministry or cultural affairs office.
- Private Education Loans: International students may qualify for private education loans from US lenders (requires US co-signer or credit history).
- Employer Sponsorship: Some employers sponsor graduate studies for employees; check with your current/prospective employer.
Key Insights:
- Merit scholarships are awarded automatically upon admission; no separate application required.
- International students are considered for the same merit scholarships as domestic applicants.
- Funding availability for international students is more limited than for domestic applicants.
- Most international students self-fund or receive employer sponsorship.
- Application for external funding typically requires proof of admission to BU.
Placement Data and Job Outcomes for Boston University MS Financial Management Graduates
Boston University's MS Financial Management has strong placement outcomes with median starting salary of USD 100,500 (approximately ₹93.4 Lakhs). Graduates pursue careers in financial analysis, investment management, corporate finance, risk management, and wealth management. The program's emphasis on quantitative skills and practical applications prepares graduates for competitive finance roles.
| Career Path | Typical Roles | Salary Range (USD) |
|---|---|---|
| Financial Analysis | Financial Analyst, Senior Analyst, FP&A Manager | 80,000-120,000 |
| Investment Management | Investment Analyst, Portfolio Manager, Wealth Manager | 90,000-150,000 |
| Corporate Finance | Finance Manager, Treasury Analyst, CFO | 85,000-130,000 |
| Risk Management | Risk Analyst, Enterprise Risk Manager | 80,000-120,000 |
| Banking/Financial Services | Credit Analyst, Loan Officer, Relationship Manager | 75,000-110,000 |
Graduate Placement Outcomes:
- Median starting salary: USD 100,500 (approximately ₹93.4 Lakhs).
- 8% projected ten-year job growth in finance careers (faster than average).
- 155,927 annual job openings in finance careers in the US.
- Common employers: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Fidelity, Vanguard, BlackRock.
- BU MET offers lifetime career services, mentoring, and networking through BU's Center for Career Development.
Key Insight:
- Boston University MS Financial Management graduates have strong placement outcomes in finance careers across banking, investment management, corporate finance, and risk management sectors.
Return on Investment for Boston University MS Financial Management (International Students)
Boston University MS Financial Management costs approximately USD 74,072-82,387 for tuition over 8-16 months, plus USD 41,280-62,280 annually for living expenses, totaling USD 115,352-156,352 for the full program. International students typically self-fund or receive employer sponsorship. The program's strong reputation, STEM designation (allowing 24-month OPT), and career outcomes provide significant long-term value.
Cost-Benefit Analysis:
| Metric | Amount (USD) | Amount (INR) |
|---|---|---|
| Total Program Cost (tuition + living, 8-16 months) | 115,352-156,352 | 1.07-1.45 Crores |
| Median Starting Salary (Post-Graduation) | 100,500 | 93.4 Lakhs |
| Average Salary After 3-5 Years | 120,000-150,000 | 1.11-1.39 Crores |
| Break-Even Period | 1.5-2 years | — |
Salary Progression (Typical Career Path):
- Year 1 (Post-Graduation): USD 100,500 (approximately ₹93.4 Lakhs) for entry-level financial analyst or investment analyst roles.
- Year 3-5: USD 120,000-150,000 (approximately ₹1.11-1.39 Crores) for mid-level roles (Senior Analyst, Portfolio Manager, Finance Manager).
- Year 7-10: USD 150,000-200,000+ (approximately ₹1.39-1.86 Crores+) for senior roles (Director, VP, Senior Portfolio Manager).
Long-Term ROI Considerations:
- Boston University MS Financial Management provides access to top-tier finance networks and employers globally.
- The program's 8-16 month flexible format minimizes opportunity cost compared to longer programs.
- STEM designation allows 12 months of OPT (extendable to 24 months), providing significant US work experience advantage.
- Boston's location provides access to major financial institutions, investment firms, and startups.
- CFA Institute affiliation provides excellent preparation for CFA exams, enhancing career prospects.
- Graduates have strong placement outcomes in both US and international finance markets.
Key Insight:
- For students pursuing finance careers, the ROI is strong; break-even occurs within 1.5-2 years in the US.
- For students returning to India, the degree provides significant career advantages in multinational financial institutions and startups, though salary progression may be slower than in the US.
Frequently Asked Questions (FAQs)
Ques 1: Is the MS Financial Management STEM-designated, and what does this mean for international students?
Ans: Yes, the MS Financial Management is STEM-designated. This means international students on F-1 visas are eligible for 12 months of Optional Practical Training (OPT) after graduation, with an extension for up to 24 additional months (total 36 months). This is significantly longer than non-STEM programs, which typically allow only 12 months of OPT. The STEM designation provides substantial advantage for international students seeking US work experience after graduation. To qualify for the 24-month STEM OPT extension, you must verify that your I-20 CIP code matches the DHS-approved STEM CIP codes and follow the application process through BU's International Students & Scholars Office.
Ques 2: Do I need to submit GRE/GMAT scores for admission to the MS Financial Management program?
Ans: No, GRE/GMAT scores are NOT required for admission to the MS Financial Management program. This makes the application process more accessible compared to other finance master's programs. However, you may optionally submit GRE/GMAT scores if you believe they strengthen your application. The program evaluates applicants holistically based on academic record, work experience, English language proficiency, personal statement, and letters of recommendation. Most admitted students do not submit standardized test scores.
Ques 3: Can I study the MS Financial Management online as an international student, and what are the visa implications?
Ans: Yes, the MS Financial Management is available fully online. However, international students seeking F-1 visa sponsorship must enroll full-time in on-campus courses (minimum 12 units per semester). Online-only students are not eligible for F-1 visa sponsorship. If you wish to study online, you must already be in the US on a valid visa or arrange your own visa status. If you want F-1 visa sponsorship, you must enroll in on-campus courses for at least the first semester to establish full-time status, then you may transition to online courses in subsequent semesters while maintaining F-1 status. Consult with BU's International Students & Scholars Office for specific guidance on your situation.
Important Alert
- Application Deadline for Fall 2026 Intake - Jun 1, 2026
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹6489526 (USD 69870) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Living Expenses | ₹1844783 (USD 19862) |
| Health Insurance | ₹345049 (USD 3715) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2025 | ₹6489526 (USD 69870) |
| 2024 | ₹6582591 (USD 70872) |
| 2023 | ₹5925558 (USD 63798) |
| 2022 | ₹5439053 (USD 58560) |
| 2021 | ₹5439053 (USD 58560) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline for Fall 2026 Intake | Jun 1, 2026 |
Scores Required
Required Document List
Complete Application
Application Fee
Official Transcripts
English Language Requirements
A copy of the Passport
Documentation of Financial Support
Resume
Two Letters of Recommendation
Personal Statement
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TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| Merit-based Scholarships | $5,000 and $30,000 per semester | All admitted students are considered based on their financial need |
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| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Comindware Scholarship | Scholarship per student₹ 3.7 L/Yr$4,000 | Level Of StudyApprenticeship | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 18.6 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based | |
| Jane M. Klausman Women in Business Scholarship | Scholarship per student₹ 4.6 L/Yr$5,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Ritchie-Jennings Memorial Scholarship Program | Scholarship per student₹ 9.3 L/Yr$10,000 | Level Of StudyBachelor | TypeMerit-Based |
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