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Masters (MS) In Finance Abroad

Overview

Pursuing a master's degree in finance after a bachelor's confirms international students to land a bright job opportunity in financial management and analysis.According to the present Occupational Outlook Handbook of the U.S. Bureau of Labor Statistics, the demand for financial analysts will cultivate by 11% through 2026, faster than the average for all occupations.

The course is planned to equip international students with skills needed in a career like investment banking, management, corporate finance and others. Students will also learn more in-depth about data-driven subjects such as financial planning and rating, quantitative finance, investment banking, risk management, controlling and auditing. Furthermore, by pursuing MS or MBA in finance abroad, you can also go for PhD in financial engineering and contribute original research to the field.


Why 51成人导航 Masters in Finance Abroad
?

Some international students are jumbled as to whether they should pursue an MSc in Finance or an MBA with a specialisation in finance. Both master’s degrees can lead you to job positions in investment banking and corporate finance. Below we have mentioned some of the best reasons why one should pursue a finance degree from abroad:

  1. Get Global Finance Perspective

Students taking up MS in finance will get a global perspective of the subject. The finance master's program is designed keeping the international finance market in mind. Students will have practical experience on how the finance industry works.

  1. Prepare for the Professional Career

The job market is very modest, and there are many qualified candidates. A Master’s in finance degree can aid you in getting a job in the field of finance or offer you the knowledge and skills to begin your own business. And start planning early in college so that you have time to discover which career and degree are most suited for you.

  1. Learn to Apply Different Skills

When you are learning MS in finance, you will learn different skills you can apply in the professional area. Whether you are establishing your own company or working for a company, you can understand and apply concepts like profit and loss ratios, payroll administration, and other things in the process of finance management. With your accounting skills, you can use sheets and ledgers to manage your budget and expenses at home efficiently.

  1. Highly Demanding Degree

Masters in finance are highly in demand among international students. Once you complete the course, you can move to PhD or any specialised course in finance. Although the masters in finance syllabus changes, the area remains almost similar.

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Course Structure

Students, while pursuing a master's in finance, will spend learning practical computer software experience, attending lectures, and other methods. You will also have opportunities  to share your learning in seminars and work groups during MS in finance course. Let us check the course structure for the master's in finance.

  1. Course Duration: MS in finance colleges globally offer this course with a duration of 1-2 years. Most countries also have placement options and paid internships for students participating in the program.
  2. Core Courses Structure: Besides finance analysis and management, students through the course structure will be able to build leadership and communication skills. The core course structure involve:
  • Investments
  • Financial planning
  • Insurance
  • Commercial banking
  • Trading
  • The future of finance

Course Subjects

There are many changes happening at the global financial level, and students need to stay prepared to adopt these changes. One way to understand the global financial level is to start with a master's degree in finance. Besides general subjects like accounting and financial modelling, the masters in finance syllabus include:

  1. Quantitative Methods
  2. Portfolio Management
  3. Managerial Economics
  4. Quantitative Finance
  5. Computational Finance
  6. Private Equity

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Top Specializations

A typical MS in Finance program starts with solid core courses to build a strong groundwork in finance principles in quantitative methods, accounting, microeconomics, forecasting & risks analysis, financial analysis and valuation and more. The following specialisation available in the finance field are:

  1. Asset Management
  2. International Finance
  3. Financial Management
  4. Financial Engineering
  5. Financial Markets

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Core Skills

The world is in continuous need of finance professionals, so your knowledge will always be in high demand. 51成人导航ing a master's degree in finance means you'll need to be able to think accurately while confirming your communication skills are excellent as you coordinate and team up with your fellow cohort. Some of the skills required are:


1.
Proficiency in Finance Software

The financial job includes using tools and popular spreadsheet software to a large extent. A financial expert should be proficient enough in software for managing projects, financial statements, and compliance. You must be well-versed in tax software if you plan to prepare taxes.


2. Problem Solving

Problem-solving skills are vital when dealing with the ups and downs of finance, so it is essential to have these skills while pursuing a master's in finance. Practise analysing industry trends, begin a solid grip on how mathematical principles can be used to avoid loss during stock falls and use your data to formulate comprehensive reports on your findings.


3. Able to Prepare Financial Statements

Financial statements represent the overall finance situation of the organisation. You should be able to prepare finance statements, and balance sheets before starting a new employment. These statements offer a regular view of the financial health of your firm.


4. Communication and Teamwork

In a business setting, you may need to give presentations to executive groups, which requires oral and written communication skills. With good communication and teamwork, you can take up challenges. These skills are essential in today's corporate working culture.

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Requirements

International students wanting to pursue masters in finance courses in top colleges have to fulfil the eligibility criteria and provide important documents for admission. Here is an overview of the requirements to qualify for the MS in finance colleges.

  1. Bachelor’s Degree
  2. English Language Proficiency Test Scores
  3. GRE/GMAT Scores
  4. Work Experience
  5. Passport & Student Visa

So, these are some of the basic requirements to study finance masters programs. Let know it in detail:

  1. Bachelor’s Degree

It is the most common requirement international students need to fulfil for the admission process. Students need to have a bachelors’ degree in the field of finance or accountancy from a recognized university with 70-80% marks and the CGPA should be around 3.7. /4

  1. English Language Tests Scores

IELTS, TOEFL, or PTE scores are yet another important requirement to pursue the masters in finance course. This is a crucial prerequisite that needs to be met for both visa and admission purposes. The language score required for admission are:

TOEFL

80-100

IELTS

6.0-7.5

PTE

50-59

 

  1. GRE/GMAT Scores

More and more international students are now seeking admission to masters in finance courses offered by top universities. International students must also submit their GMAT or GRE scores. To get into any good university, the recommended GMAT/GRE score required is:

  1. Work Experience

It is not a mandatory requirement needed by universities abroad. But some universities ask for minimum work experience of 2 to 3 years.

  1. Passport & Student Visa

All overseas students who wish to enrol for the MS in finance at any university abroad must have a current passport and a student visa. Ensure to apply for your visa at least 3 months before the anticipated departure date.

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Documents Required to Apply for Masters in Finance Abroad

Admission to apply for the best masters in finance in the world requires a set of documents. Some of these important documents are mentioned below.

  1. Education transcripts of previous institutions
  2. Standardised test scores (GRE-GMAT)
  3. Letter of Recommendation (1-2)
  4. English Language Test Scores
  5. Updated Resume or CV
  6. Statement of Purpose
  7. Valid Passport
  8. 51成人导航 Permit


Admission Process for Master’s Degree in Finance

As per the QS Ranking, around 156 institutes ranked among the world's best for master's in finance degrees in the newest ranking, including 57 in the US and 26 in the UK. These colleges or universities were measured on five metrics, including employability, thought leadership and worth for money. Here is a step-by-step guide to apply for MS in finance at top universities:

  1. Find out the best universities and colleges that offer MS in finance subjects and programs.
  2. Now you need to browse the university websites and collect all the information required for admission to these courses.
  3. Submit all the documents such as test scores, transcripts, certificates, etc.
  4. Fill out your application form with all the necessary details and pay the application fees.
  5. After processing your application, you will be asked to attend an interview as a part of the admission process from the university.
  6. Once you clear the interview, you will get your admission letter and you can book your seat at the college or university.
  7. Pay your tuition fees and start your desired course at the university.

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Top Scholarships

Scholarships are a great assistance for students seeking masters in finance courses in any country. These grants help students to cover tuition costs and are offered under certain eligibility. Some of the scholarships offered by universities to pursue masters in finance-

  1. UNIL Master’s Grants in Switzerland for Foreign Students- Switzerland

The scholarship is offered by the University of Lausanne in Switzerland for students wanting to pursue master’s courses in finance or any course at the university.

Scholarship Eligibility Criteria:

  • Not to have been recorded with UNIL in the past
  •  Students need to have a bachelor's degree from any of the top universities and present a score  of the language level with at least B2 in French or English.

Amount- Monthly stipend of USD 1594.69 (INR 12, 7497)

  1. Hani Zeini Scholarship- USA

The scholarship is offered to international students who have a clear financial need and a willingness to pursue an inventive or entrepreneurial profession.

Scholarship Eligibility Criteria:

  • All students registered in an accredited college or university from any program may apply for the Hani Zeini scholarship.
  • Hani Zeini scholarship students must comprise an 850-word maximum essay that discusses the main business challenges of the 21st century. 

Amount- USD 1,000 (INR 79951.50)

  1. Chevening Scholarships-UK

Chevening Scholarships is funded by the Foreign and Commonwealth Office (FCO) - targets the next generation of leaders, and opinion-formers early in their careers. It is also offered to students pursuing master’s courses in the UK.

Scholarship Eligibility Criteria:

  • Be a citizen of a Chevening-eligible country.
  • Have at least 2 years (equivalent to 2,800 hours) of work experience.

Amount- USD 21,964 (INR 17, 56,074.73)

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Cost of 51成人导航ing Masters in Finance Abroad

When you apply for masters in finance courses, it is vital to have a clear  idea about the fees along with the cost of living. The overall masters in finance fees at the best universities can be divided into two categories: tuition fees and cost of living.


1. Tuition Fees

The masters in finance fees in most universities and colleges is around- (USD 43,779.83- 75,051.13- INR 35, 00,000- 60, 00,000) per year. In many public universities in countries like the UK, Italy or Germany, students are charged very less for the respective course. But in countries like the USA and UK, the master’s in finance fees is comparatively expensive.


2. Cost of Living

Besides tuition fees, students also need to bear the cost of living in their respective  country. On average, the cost of living that covers transportation, accommodation, food, and others is around (USD 1000-2000 INR 79,945.50- 15,9891) monthly.

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Work Opportunities

Finance is an occupational subject that can open many doors to several career opportunities worldwide, from financial management or insurance to commercial banking and verge funding. They can apply for jobs in different sectors such as accounting, communications, marketing, public relations, etc. Here are some job roles after MS in finance.

Job Title

Average Salary Per Year

Financial Services Sales Agent

USD 64,000 (INR 51,13,984)

Financial Manager

USD 72,000 (INR 57,53,232)

Financial Advisor

USD 57,000 (INR 45,54,642)

Financial Analyst

USD 83,000 (INR 66,26,097)

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Spending a semester abroad during your masters in finance studies is a life-changing experience you won't miss! United with the professionally challenging subject of finance, you will quickly treasure yourself in the sight of recruiters from well-known companies after graduation. To know more about MS in finance colleges, connect with our 51成人导航 Professionals and clear your doubts easily.

FAQs

Ques. Is pursuing masters in finance abroad worth it?

Ans. Yes, because post completion of the course students will have a great opportunity in taking up finance related jobs. Moreover, top universities in different countries offer finance masters programs with practical learning scenarios.

Ques. What is the duration of a MS in Finance abroad?

Ans. The course duration for a MS in Finance abroad is 1-2 years.

Ques. Which are the top countries to pursue Masters in Finance?

Ans: Some of the top countries where students can pursue Masters in Finance in abroad are-

  • UK
  • USA
  • Canada
  • Ireland
  • Australia

Ques. What is the basic educational requirement to pursue masters abroad?

Ans: The basic educational requirement to pursue the respective course is a bachelor's degree passing certificate in a relevant course from the respective college.

Ques. Are TOEFL and IELTS required for masters in finance abroad?

Ans: Yes, many of the top universities in different countries demand for IELTS and TOEFL scores. The score should be around-

  • TOEFL- 80-100
  • IELTS-6.0- 7.0