Average Salary With a Master’s in Finance

A master’s degree in finance can lead to jobs in areas like accounting, economics, banking, and more. The exact salary you’ll receive depends on the position your ultimately take within the finance field, as well as a number of other factors. Let’s take a look at some of the average salaries you can expect in the world of finance.

Base Salary by Experience

One of the most common ways to earn more money in any field is to simply work in the industry, gaining experience. This is especially true in the financial sector, where experience can mean the difference between million dollar losses and million dollar gains. As a beginner in finance, you can expect to earn $35,000 to $100,000, depending on your specific area of expertise, but with just ten years of experience under your belt, you can be earning up to $375,000 annually – and sometimes more. Top level-executives in certain financial roles make millions, but to be hired in one of these positions, you definitely need experience. Most have 20+ years of experience before even being considered.

Base Salary by Job

The role you take in the finance world undoubtedly has a huge impact on your bottom line. For example, someone starting out in the financial planning niche can expect to make an average of around $37,000 as an entry-level employee, while someone in investment banking makes a lot more, averaging around $80,000 as an entry-level employee. You also have the option of working for yourself by starting an investment firm, accounting/tax preparation office, or other type of finance-related business. As a business owner, the sky is the limit when it comes to salary, but be aware that you’re taking a big risk too, since most small businesses fail in their first five years.

Salary by Degree

There are two main types of master’s in finance degrees, and the one you earn could play a role in determining your salary. A master of finance is available for those who come from a difference liberal arts background. It serves as a way to introducing you to your desired area of interest within the finance field without repeating general liberal arts classes. However, if you already have a background in finance, you can instead earn a master of science (MS) in finance, which gives you advanced training specific to your field and, thus, helps you earn more money.

Online Master's in Finance Degree Programs

Kaplan University – Kaplan University provides several finance business degree programs including an MBA in Finance; an MSA in Finance; an MS in Finance, Financial Analysis and Financial Planning. The MBA track helps prep its students to compete in a global business environment, while the MSA in Finance is designed to help students hone their accounting skills. The subsequent degree programs will help students further specialize in their respective area of finance.
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Boston University – Boston University's MS in Banking & Financial Management is geared to provide its students with core base of general management skills and practices in such areas as global markets, corporate finance and financial services industry. Graduates will be exposed to such concepts as capital raising strategies to analyzing financial states to better understanding electronic commerce practices.
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Ashford University – Ashford University allows professionals to hone their skills in their respective field. The MBA in Finance in particular provides a unique opportunity for those looking to further their career in the financial sector or related field. Upon completion of the program, graduates will have learned invaluable lessons in leadership and skills needed to be competitive.
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Benedictine University – Benedictine University offers both an MBA in Finance and an Accelerated MBA in Finance degree program to meet the needs of its students. Graduates are of each of the programs are expected to have a solid grasp of managerial finance and be capable of properly planning and forecasting an organization's financial performance.
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Grand Canyon University – Grand Canyon University's MBA in Finance meshes the curriculum of a standard MBA program by advocating the importance leadership skills, but also providing specialized course learning of a Finance program. Graduates of the program are expected to be able to step into managerial roles in corporate finance and investment banking.
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