Graduates from Masters in Finance (MiF) programs land jobs at top financial institutions like JP Morgan, Goldman Sachs, and Morgan Stanley.
But which MiF programs produce the highest-earning grads?
The Financial Times (FT) Masters in Finance Ranking places average graduate salary and salary increase among the top criteria for ranking the top MiF programs, recording the average salary of alumni three years after graduation.
Here, we list the MiF programs ranked by the FT with the highest graduate salaries:
Best Master In Finance Programs With The Highest Salary Potential
Which Masters in Finance offer the highest graduate salaries?
Having topped the overall rankings, it’s unsurprising that HEC Paris graduates have the highest earning potential, with a whopping average salary just shy of $150k. The French school also has the highest salary increase, with HEC grads seeing a 94% increase on their pre-MiF salaries.
But while French schools dominated the overall MiF rankings, it’s quite a different story when you look at salaries. China is one of the success stories, and proudly boasts some of the highest graduate salaries.
The school with the second-highest earning MiF grads is Beijing’s Tsinghua University School of Economics and Management, where graduates can expect to earn $146k three years after graduation.
Both Shanghai Advanced Institute of Finance and Guanghua School of Management at Peking University pave the way for generous salaries, at $139k and $131k respectively.
China’s economic growth is in large part accountable for its higher graduate salaries. The Chinese economy has grown steadily over the past few years, with a world-leading manufacturing industry and a booming tech industry.
MIT Sloan is also near the top of the salaries list: US-based graduates have always been rewarded with high-earning jobs, and MIT Sloan’s finance grads can expect to earn in the region of $142k after the program.
Will COVID-19 impact MiF salaries?
The COVID-19 pandemic has already had a significant impact on the jobs market, with thousands of jobs disappearing on a weekly basis.
The Chinese economy contracted 6.8% in the first quarter of 2020; the US reached an all-time high unemployment rate of 14.7% in April 2020.
This could impact salaries. Many companies will have put in a salary freeze, meaning that employees are unlikely to see raises any time soon.
A business school degree, however, remains a solid investment for those looking to make their careers and jobs more stable. Master’s in Finance students are well-positioned to lead companies through the uneasy transition out of lockdown in an attempt to kickstart the global economy.
More than just salary
The quality of a Master in Finance program isn’t just determined by your pay packet. Return on investment for candidates comes in many forms, including career transition and relocation.
Top quality European programs, like EDHEC and Warwick Business School, perform well in the overall rankings, but come out lower in the salaries rank. Graduates from these schools tend to find jobs in Europe, where salaries are typically lower than in the US, for example.
The appeal of getting a job in Europe, and living in cities like London, Paris, and Berlin, outranks salary for many candidates.
Return on investment can also be measured by achieving career goals. At Nova School of Economics and Business in Portugal, graduates’ average salary is $77k, nearly half of some schools at the top of the ranking. Yet 87% of graduates achieved career aims, while 94% were employed three months after graduation, according to the FT.
If you’re comparing MiF programs, it’s easy to be drawn quickly to postgraduate salaries and salary increases, but a Master in Finance can offer far more by way of helping graduates achieve their career ambitions and aims that go far beyond earning potential.
How A Master In Finance Can Help You Land Your Dream Job
Tuesday 18th August 2020, 13.07 (UTC)
An excellent start to a career for young financers. http://www.confiduss.com/en/banks/. Good luck!