Prospective students who want to study finance from abroad must be looking for a guide about the best universities to study at. Studying finance abroad can be a great decision as it will provide a wide range of courses, a broad spectrum of knowledge and excellent career opportunities. Another reason is that an international degree often gives a great return on investment. Students now choose to study at these destinations at relatively lower costs incurred and more varied experiences.
This blog will help you understand some of the best countries to study finance. Note the colleges, countries, fees, and costs involved.
7 Best Countries To Study Finance In 2024
In 2024, students are looking forward to working in the finance sector as the demand is increasing. To study finance, one can choose the best university that fits their choices. To help students select their final destination, we have listed the best countries to study abroad:
United States of America
Statistics say that the USA will generate 5-9% more jobs in 2021-2031. The Harvard University of USA ranks 1 in the finance of QS world university rankings 2023.
- Number of universities offering finance degrees: A total of 526 universities in the USA offer finance degrees and courses.
- QS-ranked universities in the USA: QS-ranked universities are Massachusetts Institute of Technology (MIT), Stanford University, Harvard University, California Institute of Technology (Caltech), University of Chicago, Princeton University, Columbia University, Yale University, University of Pennsylvania, and Johns Hopkins University.
- Top Colleges: Top colleges to study finance in USA are Wharton School, MIT – Sloan School of Management, Harvard Business School, Booth School of Business, and Stanford Graduate School of Business.
- Average salary for finance degree holders in the USA: The average annual salary for finance degree holders is $1,15,586.
United Kingdom
London is the global financial hub and offers excellent opportunities to economic experts. According to HESA Graduate Outcomes Survey 2020, most graduates find jobs within 18 months of graduation.
- Number of universities offering finance degrees: 108 universities offer finance courses in the United Kingdom.
- QS-ranked universities in the UK: Many universities in the UK hold QS rankings, and a few of them are the University of Oxford, University of Cambridge, Imperial College London, University College London (UCL), and the London School of Economics and Political Science (LSE).
- Top Colleges: Top colleges for finance in the UK are the London School of Economics and Political Science, Said Business School, Judge Business School, Imperial College Business School, and Warwick Business School.
- Average salary for finance degree holders in the UK: The average salary of a finance degree holder is £31,657 per year.
Canada
Several universities in Canada offer affordable courses and good placements. The University of Toronto and the University of British Columbia are the best universities in Canada to study finance.
- Number of universities offering finance degrees: 71 universities in Canada offer finance courses and degrees.
- QS-ranked universities in Canada: The top universities in Canada are the University of Toronto, McGill University, the University of British Columbia (UBC), the University of Alberta, andUniversité de Montreal.
- Top Colleges: The University of Toronto, McGill University, the University of British Columbia, Queen’s University, and York University are the top colleges in Canada to study finance.
- Average salary for finance degree holders in Canada: The average salary in Canada is $65,292 per year, though it varies depending on the post and experience.
Australia
Few Australian universities offer 1.5—to 2-year finance programmes, which save time and effort and provide excellent opportunities.
- Number of universities offering finance degrees: A total of 72 universities allow you to pursue a finance degree in Australia.
- QS-ranked universities in Australia: The University of Melbourne, University of New South Wales (UNSW Sydney), University of Sydney, Australian National University (ANU), Monash University, University of Queensland, and others.
- Top Colleges: The top colleges in Australia will help you gain excellent finance knowledge, great placements, and a broad culture.
- Average salary for finance degree holders in Australia: After gaining a finance degree, one can expect an average salary of $72,500 per year.
United Arab Emirates
UAE offers excellent financial opportunities to various multinational companies and has openings in Emirates NBD and Abu Dhabi Commercial Bank for finance degree holders.
- Number of universities offering finance degrees: Around 31 universities offer finance degrees in the UAE with an excellent education.
- QS-ranked universities in the UAE: United Arab Emirates University, American University of Sharjah, Khalifa University, University of Sharjah, and Zayed University are among QS-ranked universities of UAE.
- Top Colleges: QS-ranked universities of UAE come under top colleges for finance in the United Arab Emirates.
- Average salary for finance degree holders in the UAE: The average salary for finance analysts in the UAE is AED 102266 per year.
Germany
The cost of living and tuition fees in Germany are very affordable for international students who wish to study finance at German universities.
- Number of universities offering finance degrees: Germany has 67 universities which offer 106 English degree programmes.
- QS-ranked universities in Germany: Technical University of Munich, University of Mannheim, Ludwig Maximilian University of Munich, Goethe University Frankfurt, and Humboldt University of Berlin.
- Top Colleges: Top colleges in Germany offer various finance degrees and courses with excellent placement.
- Average salary for finance degree holders in Germany: The average salary for a finance graduate in Germany is €44,000 per year.
France
France has an easy visa application process and provides study abroad scholarships for Indian students. It is emerging as the hub of finance in Europe.
- Number of universities offering finance degrees: 18 French universities offer courses and degrees in finance.
- QS-ranked universities in France: École Normale Supérieure, Paris, École Polytechnique, Paris Sciences et Lettres University, Sorbonne University, Paris-Saclay University hold QS ranking, among others.
- Top Colleges: The top finance colleges in France are HEC Paris, ESSEC Business School, Paris Dauphine University, and Sciences Po.
- Average salary for finance degree holders in France: The average salary in France for finance graduates may fall between €40,000 to €60,000 per year.
Popular Finance Programmes In The Best Countries
Some candidates might be curious about the best countries to study finance worldwide. We have researched for you on such students and summed up essential details such as the duration of courses, specialisations and other things in different countries. There are various benefits of studying abroad such as global exposure. Check them here:
| Country | Programmes for Bachelor’s and Master’s | Duration In for years | Fees per year (INR) | Specialisations |
| United States | BSc/MBA in Finance | Bachelor: 4 yearsMaster: 2 years | Rs. 30,00,000 to Rs. 55,00,000 | Focus on investment banking and financial planning |
| United Kingdom | BSc/MSc in Finance | Bachelor: 3-4 yearsMaster: 1 year | Rs. 20,00,000 to Rs. 35,00,000 | Focus on global finance and financial management |
| Australia | BCom/MCom in Finance | Bachelor: 3 yearsMaster: 2 years | Rs. 18,00,000 to Rs. 28,00,000 | Corporate finance and fintech specialisations |
| Canada | BBA/MBA in Finance | Bachelor: 4 yearsMaster: 1-2 years | Rs. 25,00,000 to Rs. 40,00,000 | Ethical finance and focus on sustainable investments |
| Singapore | BBA in Finance and MSc in Financial Management | Bachelor: 3-4 yearsMaster: 1-1.5 years | Rs. 17,00,000 to Rs. 25,00,000 | Focus on the quantitative and analytical aspects |
| Germany | BSc/MSc in Finance | Bachelor: 3 yearsMaster: 2 years | Rs. 5,00,000 to Rs. 15,00,000 | Known for practical solid training |
| Switzerland | BSc in Banking/ Finance and MSc in Finance | Bachelor: 3 yearsMaster: 1-2 years | Rs. 10,00,000 to Rs. 20,00,000 | Specialisation in banking and wealth management |
| Netherlands | BSc in Finance and MSc in Financial Management | Bachelor: 3 yearsMaster: 1 years | Rs. 12,00,000 to Rs. 18,00,000 | International finance and risk management |
| Hong Kong | BBA or Master’s in Finance | Bachelor: 4 yearsMaster: 1 year | Rs. 15,00,000 to Rs. 22,00,000 | Asian financial markets and international finance |
| France | BSc/MSc in Finance or Financial Engineering | Bachelor: 3 yearsMaster: 2 years | Rs. 14,00,000 to Rs. 24,00,000 | Focus on financial engineering and quantitative finance |
Eligibility Criteria to Study Finance in the Best Country
Eligibility criteria for studying in the best country for finance studies can differ depending on the universities worldwide. There are common or basic requirements that every candidate needs to fulfil to be admitted to one of the best countries to study finance. Standard eligibility criteria for admission are listed below:
Application Process
Studying finance from reputed universities worldwide has different procedures for the application process. One must go through a proper selection process to get admission to the best countries to study finance. However, completing the application process does not guarantee the final selection of a particular university. The basic process of the application process in the best countries to study finance is as follows:
- Step 1: Finalise the destination or university to study finance.
- Step 2: Check the eligibility criteria for that particular university and course you want to pursue.
- Step 3: Fill out the application form and attach all the required documents.
- Step 4: After selection, you will receive an acceptance letter from the university.
List Of Documents Required For Finance Studies
Every university has its own set of documents required for admission. However, several standard documents are needed by each and every university. The list of documents necessary for finance studies is as follows:
- Application Form
- Educational Transcripts
- Standardised Test Scores
- Personal Statement or Statement of Purpose
- Letters of Recommendation
- Resume/CV
- Proof of Language Proficiency
- Financial Documents
- Passport-size Photographs
- Visa Documents
FAQs
Q.1 Which is the best country to study finance?
You can study abroad in several countries, but the USA might be the best choice as it offers better placement opportunities.
Q.2 Which country is best for finance jobs?
The best countries for finance jobs are the USA, Singapore, the UK, and Switzerland due to the high demand for employment and their good salaries.
Q.3 What are the reasons to study finance abroad?
You will have significant exposure to the global finance market, excellent teaching methodology from the best teachers worldwide, and the opportunity to work with people of different cultures.
Q.4 What is the application process to study finance abroad?
The application process starts with finalising the destination and then checking if you fit the eligibility criteria for a particular university. Next, you fill out the application form, and lastly, an acceptance letter is sent to the selected students.
Q.5 Which country pays finance high abroad?
The United Kingdom, Canada, and Switzerland offer high-paying salaries to finance degree holders.
1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”
I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further