Master’s in Financial Data Science’2025
Introduction
Imagine analyzing massive and complex datasets building predictive models and developing algorithmic trading strategies. Interesting isn't it?
If you are someone who wishes to dive deep into finance as a data science professional then look no further. This blog outlines a list of master's courses that merge the analytical prowess of data science with finance, equipping you with the skills to excel in the quantitative age of financial markets.
Data Science in Finance: How does it work?
If data-driven financial models or computational finance makes you want to contribute to the domain, a Master of Science in Computational Finance might be the right fit for you. A master of computational finance involves a curriculum of finance core modules with computational techniques including Monte Carlo simulation, optimization, and numerical analysis. You might need programming languages like C++ and Python for various data wrangling and other purposes.
Typically curriculum of financial data analysis involves core modules like
- Financial computing
- Business communication
- Financial data science
- Stochastic calculus for finance
- Machine learning
- Business communication
- Financial time analysis
- Financial products and markets
- Financial engineering
- Natural language processing
- Financial optimization
- Macroeconomics
- Risk management
Electives generally comprise of
- Advanced derivative models
- Asset management
- Blockchain
- SQL Fundamentals
- Market microstructure
- Algorithm trading
- Time series analysis
- Portfolio optimization
Universities abroad offer gap years for internships and organize capstone projects. Carnegie Mellon University offers a Machine Learning Capstone Project where you will be working with fellow students on data mining, modeling, and visualization techniques along with statistical and machine learning methods to address real-world challenges at a financial firm.
Who is eligible for a master's in financial data science?
A master's in financial data analytics dwells deeper into the holistic approach of data science in tackling financial datasets. To start your Master in Data Science in Finance course you need the following sets of documents:
Qualifying degree: You need a bachelor's degree preferably in a quantitative subject to do a masters in data-driven finance. Some universities like CMU prefer courses on calculus, Linear algebra, and calculus-based probability. In case any of these areas are not sufficient in your application you might need to take a proper remediation before enrollment.
Resume/CV: A well-structured CV is required as a part of your application to give the admission officer your credibility
GRE/GMAT: Many top-tier universities require a standardized test score of GRE or GMAT for pursuing a master's in financial data analytics. Do you know many universities allow you to take a GRE/GMAT waiver? Here is our free GMAT/GRE waiver template!
English proficiency test: If you come from a non-English speaking country you might need to submit IELTS/TOEFL/PTE test scores. Also, check with the university if they will give you a waiver if your undergraduate degree was in English.
Essays: A well-crafted statement of purpose and essays can elevate your chances. Make sure to personalize it and narrate your story making it evident why you want to pursue this degree at this university.
Letters of recommendation: You might need a letter of recommendation from academic or professional supervisors. They will testify to your ability in mathematics, status, finance and computer science deeming you eligible for the course.
Some universities ask for additional documents and make sure you provide them all in time. Some universities charge an enrollment fee while some don't. Below we have curated a list of top universities offering masters in data science in finance for your data-driven financial career this 2024.
Top universities Offering financial data science masters courses
Companies now have access to immeasurable data which needs to be transformed into actionable insights. A master's in financial data science trains you with the trends and skills required to survive in this domain and be employable in the near future. If you are looking to transition to a financial data analytics career or wish to switch to more data-oriented finance, a master's in financial data analytics is the right fit. Exploring the market we have listed the top master in data-driven finance programs offered by top universities below.
University |
Course |
Location |
Duration |
|---|---|---|---|
| Carnegie Mellon University | Master of Science in Computational Finance | Pennsylvania, USA | 2 years |
| HEC+Ecole Polytechnique | Double Degree Data and Finance X-HEC | Palaiseau (Year 1), France Jouy-en-Josas (Year 2), France |
2 years |
| UCD Smurfit School | Master of Science in Financial Data Science | Dublin, Ireland | 2 years |
| IE Business School | Master of Finance Master in Business Analytics and Big Data |
Madrid, Spain | 18-23 months |
| Université Paris-Saclay | M2 Data Science: Health, Insurance, and Finance | Gif-sur-Yvette, France | M2 (Sophomore year) |
| University of Bristol | Master of Science Financial Technology with Data Science | Bristol, UK | 1 year |
| University of Birmingham | Master of Science in Financial Data Science | Birmingham, UK | 1 year |
| Purdue University | Master of Data Science in Finance | Indiana, USA | 2 years |
| University of Glasgow | Master of Science in Economics and Finance | Scotland, UK | 1 year |
| King’s College London | Master of Science in Financial Analytics | London, UK | 1 year |
Career opportunities after masters
Data science is rapidly changing the financial landscape. As data becomes even more abundant and sophisticated, the demand for data science expertise in finance will continue to grow. If you are passionate about both data and finance, this field can offer you exciting job offers for the future. Below we have listed down the possible future jobs in data science in finance for the upcoming years. Have a look.
- Quantitative analyst
- Risk analyst
- Algorithmic trader
- Fintech consultant
- Financial data scientist
- Data Architect
- Risk Management
- Business intelligence analyst
A master's in Financial data analysis trains you with the necessary skills to tackle complex financial challenges If you find working on the technical data-oriented side of large financial corporations interesting, a master's in data science in finance can accelerate your journey making you employable.
Conclusion
A master's in financial analytics equips you with the expertise to bridge the gap between data science and finance. Combining these powerful disciplines will prepare you to tackle complex financial challenges and thrive in the data-driven financial world.
With capstone projects and real-time industry experience through internships, the list of programs we have given above are best for an amazing career trajectory in 2025.
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Success Stories
Krutika
Admits from EDHEC Business School
Bijal was instrumental in structuring my application to demonstrate my work. She provided me with timely feedback and guidance. Being an MiM student herself, she shared her personal experience at every stage which helped me to have a better understanding of the process and get into the school of my choice.
Santanu Kumar Pal
Admits from EDHEC Business School
I highly recommend Bijal Gandhi, the founder of EdYou Abroad, a Higher Education Consultancy Company, for her exceptional services in guiding students through the master’s application process. Bijal’s expertise in personalized assistance, value for money, and honest, unbiased advice sets her apart. Her commitment extends beyond admission, as she continues to provide valuable guidance even after acceptance. With Bijal’s assistance, I successfully gained admission to EDHEC Business School, a top-tier institution. I am grateful for her professionalism and dedication, and I confidently endorse EdYou Abroad’s consultancy services for anyone pursuing higher education opportunities.
Urmi Panchamia
Admits from University of Toronto
EdYou with the super experienced counsellors, have ALL the answers to your Study Abroad Journey. So Helpful, couldn’t have imagined anyone else giving me the kind of insight and expertise for my applications. The guidance with Cv Building, Portfolio and SOP has increased my chances of getting into top colleges. Would recommend every student to plan their future abroad with EdYou.
Simran Jariwala
Admits from Stevens Institute of Technology
Even though I had no tech background, Bijal’s help got me into good business and data analytics programs that too with scholarships. Thank you so much for believing in me!
Sreekanth Reddy Annareddy
Admits from EDHEC, SKEMA
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Aditya Shetty
Admits from SKEMA Business School
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Bijal’s expertise as a counsellor goes beyond just offering advice; she takes the time to understand her students’ aspirations, strengths, and challenges. Her ability to provide personalized strategies and insights helped me build a compelling application that truly reflected my skills and potential.
Throughout the process, Bijal was not only a mentor but also a source of constant encouragement. Her meticulous attention to detail ensured my essays, resume, and other materials met the highest standards. She also provided invaluable support in preparing me for interviews, equipping me with the confidence and clarity needed to succeed.
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Ananya Shenoy
Admits from Georgetown University
Bijal played a pivotal role in helping me structure my application to highlight my work and achievements effectively. Her feedback was always timely, insightful, and tailored to my goals. Her guidance was instrumental throughout the process and played a key part in helping me gain admission to the school of my choice. Thankyou!
Sivaraam K
Admits from ESADE, EDHEC, FSFM
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Anshul Pokharna
Admits from EDHEC, BITSOM
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One thing I truly appreciated was how seriously she took BITSoM. A lot of people would have dismissed it just because it’s a new school, but she did her homework. She looked into the faculty, curriculum, industry connects, and overall potential. Her analysis gave me the confidence to apply — and eventually accept the offer.
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Bhavana Manikonda
Admits from UCL
am super happy to recommend Bijal! She was an amazing mentor who guided me through a big career change from medicine to management. I got into UCL, which top 9 in the world…I was clueless about what course to choose, which university to choose , but Bijal’s guidance and support were spot on. She’s super friendly, and always available to help.Bijal not only provided me with valuable insights and advice but also ensured that I was well-prepared for every step of the process. She was consistently available to answer my questions and offer support, and her enthusiasm and passion for her work are contagious.
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Mrunal Hulke
Admits from ESSEC Business School
I’m incredibly grateful to Bijal for her unwavering support throughout my study abroad application journey. From our first conversation, she took the time to truly understand my background, strengths, and aspirations, and helped me express my story in a way that felt both authentic and compelling. Her feedback on my applications to HEC Paris and ESSEC Business School was always clear, actionable, and encouraging, which made the whole process feel much less daunting. Bijal also guided me through my interview prep, helping me find my voice and present myself with confidence. Thanks to her mentorship, I was thrilled to receive initial shortlists from both schools. I wholeheartedly recommend Bijal to anyone pursuing their dream of studying abroad, her guidance and genuine care truly make all the difference.
Cesar Souza
Admits from London Business School
I’m deeply grateful to everyone who supported me throughout this journey, and especially to Bijal Gandhi from EdYou Abroad, who played a key role in making this achievement possible. Their support went far beyond strategic guidance. They helped me structure my story, highlight my experiences, and build a coherent and authentic application. I couldn’t have done it without them.