Is there any difference between MS and MA in Finance in terms of recognition by the firms? Any advantage? Except being STEM, OPT.
I think MS is generally preferred over MA these days. MS in Finance depending on your area of research can maybe spin it as something akin to Financial Engineering or Math Finance etc. Bit harder with MA as people generally assume a less technical course load. Don't know your exact circumstances but if your PhD was more on the technical side and they can't give you MS. You can put that you are a PhD drop out and what your research areas were on your resume.
Both are useless School name matters more Harvard MA Econ > Duke MS Finance
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Honestly do it only if you're younger then 24 and possibly directly from undergrad. Before some quant hedge funds used to hire people from MS or MA Finance programs here in US. Now not sure of even that. Just work for a few more years and go do a top 25 MBA. Probably helpful if you're planning to apply for top Finance PhD programs. And there too MS in Statistics or Economics will be better then Finance.
I think my question was not clear enough. Let me explain in this way. I am 2nd year Ph.D. in Finance student, but have decided to leave the program. The department said they will grant me with MA in Finance not MS in Finance, because it is kind of technical etc. So my concern is that is there any difference between these two types of Master in front of employers?
MA. Arts has the cache & snobbery that Wall Street likes