MS in Finance

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 Study 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:

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.

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.

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.

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.

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.

• 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.

• 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

   
   

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

Core Skills

The world is in continuous need of finance professionals, so your knowledge will always be in high demand. Studying 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.

Cost of Studying 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.

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