The Best Master's in Finance Programs in Massachusetts for 2027

Four years out, medians on this list run from $117,293 at BU to $169,234 at Northeastern.

The highest-ranked school in the table, Harvard (#1), reports $153,797, so the highest score and the highest pay are not the same school.

Finance programs in this ranking span a $20,048 range in published tuition, from $49,352 at Merrimack College to $69,400 at Boston College. Northeastern sits at $64,990, Boston University at $66,670, and Bentley at $61,000, all closer to the expensive end than to Merrimack. If you are weighing sticker price alone, Merrimack is the outlier worth a hard look, not because it ranks first, it ranks sixth, with a 78.5 Program Score and a 70% graduation rate, but because it is the only one of these six schools under $50,000 in a state where four of six run north of $60,000.

Run the payback math against the national numbers and the range starts to matter more than a single average would suggest. The BLS reports a national median salary of $88,870 for financial analysts. At Merrimack's $49,352 tuition, that salary covers the full cost of the degree in under seven months of pretax pay. At Boston College's $69,400, the same salary takes just over nine months to cover. That gap of nearly three months of pay is the real price of choosing the most expensive of these six programs over the least expensive, worth weighing against what each school's brand and network are actually worth to you.

None of this means the cheapest option is the right one. Harvard tops the ranking with a 96.3 Program Score and a 98% graduation rate, the highest of any of the six finance programs here, at $56,550 in tuition, below both Northeastern and Boston College. Cost and quality do not move in lockstep in this data, which is exactly why the ranking weighs graduation rate and outcomes alongside price instead of sorting these six programs by tuition alone.

A master of finance is not a licensing credential on its own. There is no bar exam or state board that certifies you the way the CPA does for accountants. The credential that matters most for a degree like this one is the CFA charter, administered by the CFA Institute, earned separately from any degree through three exam levels covering investment tools, asset valuation, and portfolio management.

Where an MSF helps is eligibility and preparation, not certification. Passing all three CFA levels and meeting the CFA Institute's work-experience requirement is what earns the charter, not graduating from any of these six schools. But some MSF curricula are built around the same body of knowledge the exams test, so coursework can double as exam preparation, and a few programs let candidates sit for CFA Level I before finishing their degree. If a CFA-aligned curriculum matters to you, check each program's own coursework description before you apply. This data covers cost, graduation rate, and selectivity, not exam pass rates, since the CFA Institute reports pass rates at the exam level, not tied to any one master's program.

For finance programs, the accreditation that matters most is AACSB, the specialized business-school accreditor. AACSB reviews faculty qualifications, curriculum rigor, and outcomes on a multi-year cycle, and it accredits a minority of business schools worldwide. It is a program-level and school-level distinction, not a blanket claim for an entire university, so confirm that the specific finance program you are applying to, not just the university at large, carries the accreditation.

Confirm AACSB status directly on each program's site before you apply. It usually will not differentiate much among large, well-resourced schools like the ones in this ranking, most schools at this size and reputation carry it, but it is still worth the two-minute check, especially if you are comparing one of these accredited finance programs to a newer or less established option elsewhere.

A bachelor's in finance gets you in the door for analyst roles. An MBA is a generalist credential, useful if you want to move into management or switch industries, but it spreads coursework across marketing, operations, and strategy alongside finance. A master of finance, often marketed as an MSF, goes narrower and deeper: more modeling, more valuation, more of the technical toolkit that shows up on the CFA exams.

This ranking sticks to the master's level on purpose. It is the credential most directly comparable across schools, all six finance programs here award the same degree level, so the graduation rate, tuition, and Program Score comparisons are apples to apples in a way that mixing bachelor's, MBA, and PhD programs would not be. If you are deciding between an MBA and an MSF rather than picking a school within one level, that is a separate question, and the answer usually comes down to whether you want a generalist management path or a technical finance path.

Format is not part of the Program Score for this ranking, cost, graduation rate, and outcomes are, so treat this as a separate checklist item. Some finance programs run full-time on-campus tracks only; others offer part-time evening formats, hybrid options, or fully online programs aimed at working professionals who cannot relocate or pause a job. None of that changes a program's tuition or graduation rate in this data, but it changes whether the degree fits your life right now.

If you are working full time and considering one of these six schools, check the specific format each one offers before you assume online means cheaper or faster. Some online programs charge the same per-credit rate as their on-campus counterparts, and program length depends on course load, not delivery method. Call the admissions office and ask directly what a part-time or online student's timeline and total cost actually look like against the tuition figures above.

The BLS reports a national median salary of $88,870 for financial analysts. That figure is the same no matter which of these six schools you attend, it is a national number, not a school-specific outcome, so do not let any program's marketing imply otherwise. Use it as the baseline you are weighing tuition against; the payback math in the cost section above is built on this exact figure.

Pay varies by role, industry, and location inside that national figure. BLS Occupational Employment and Wage Statistics breaks wages down further by metro area and industry, worth checking if you already know you want to work in Boston's asset management or banking sector specifically, since Massachusetts pay for finance roles can run above the national median in that concentration of employers.

A CFA charter, AACSB-accredited coursework, and a master of finance from a program with a strong graduation rate are three separate signals employers read differently: the charter proves you passed a standardized bar, the accreditation says the school's finance program meets an outside quality check, and the graduation rate tells you how many students who started actually finished. Harvard's 98% graduation rate and Merrimack's 70% are the widest gap in this data, and it is the single number most predictive of whether you will reach the outcomes the other two signals represent.

If cost is your top constraint, start with Merrimack College's $49,352 and Harvard's $56,550, the two lowest tuition figures in this group of finance programs, and weigh Harvard's 98% graduation rate and 96.3 Program Score against Merrimack's 70% and 78.5. If you are optimizing for the highest graduation rate regardless of cost, Harvard's 98% stands alone, ahead of the 91% tie between Northeastern and Boston College.

If you are choosing between the two schools clustered in the middle, Boston University at 90.8 and $66,670, and Bentley at 87.3 and $61,000, the tiebreaker is not in this data. Both are specialized master's programs at AACSB-accredited business schools with strong graduation rates, 89% and 87%. At that point, program format, location, and the specific coursework each school's finance program actually teaches matter more than another point of Program Score.