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Best 3 Master’s in Finance Courses to Study Abroad

If you are someone looking for a stable and promising career, then a career in finance is for you. But acquiring a good position in finance is something that can be done by following a certain career path. A master’s in finance course, especially one done from abroad, can pretty much guarantee you a job anywhere in the world. According to the Occupational Outlook Handbook of the U.S. Bureau of Labor Statistics, the demand for financial analysts will rise to 11% by 2026. Let us understand more about the master’s in finance course.

Why choose a master’s in finance abroad?

For someone who wants to pursue a career in finance, there are definitely plenty of local master’s degrees to choose from. But getting a master’s in finance outside the country has its advantages. Some of the reasons to pursue a finance degree abroad are: 

  1. Gives global perspective: Pursuing a master’s in finance degree abroad gives its learner the much-needed global perspective in finance. It also helps understand the international finance market while also providing exposure to how the finance industry works.
  2. Prepares for the professional career: Just theoretical knowledge is not enough to face the hectic professional life waiting ahead in life. A master’s degree in finance gives you the knowledge and skills that help perform well in your career.
  3. Helps apply different skills: After getting an MS in finance, you are able to gain the skill set that you can apply in your professional life. Being able to apply your learnings is something that totally puts you ahead of the curve.
  4. Highly demanded degree: A master’s in finance degree is highly in demand by learners worldwide because the job prospects in the financial field are immense and something which is sought after by most. 

What is the general course structure for a master’s degree in finance?

A master’s degree in finance has a set structure similar to any other master’s degree, with minor tweaks catering to the needs of students. The basic course structure of this degree is as follows:

  1. Course length: Most universities around the world generally have a course for 1-2 years.
  2. Course structure: 
      • Core structure: Includes subjects such as financial analysis, investments, financial planning, insurance, commercial banking, trading, etc. 
      • Specialization: Some MS in finance degrees offer specialization with subjects such as; 
            • Asset management
            • International finance
            • Financial management
            • Financial engineering
            • Financial markets

What important skills do you gain from a master’s degree in finance?

A master’s degree in finance can be quite demanding. There are certain skills that are imperative to help you succeed. 

  1. Proficiency in finance software: In a financial job using necessary software is often important for managing projects, financial statements, and compliance. Getting an early start on learning software would help while pursuing your degree. 
  2. Problem-solving skills: As a person in the financial profession problem-solving skills are always good to have. They help with analyzing industry trends, formulating reports, etc.
  3. Prepare financial statements: Financial statements present the overall finances of the organization. A financial degree teaches you to prepare financial statements and balance sheets.
  4. Communication skills: No matter which job you for communication skills help in handling clients and a financial degree prepares you for the same. It gives you the ability to present financial information in a productive, relevant manner is paramount in helping diverse groups apply the advice you give them.
  5. Leadership skills: As you climb the ladder in the financial field, you will eventually have different teams working under you. A master’s of finance equips you to lead a team to support the company reach its financial goals. 

What are the top 3 master’s programs in finance to study abroad? 

  1. Master of Science in Finance (MS in Finance) program from the George Washington University School of Business (GWSB): This is a program that combines the finest of traditional programs in financial engineering and master’s in finance. Learners engage in applied research and modeling, using a variety of large professional databases and computer software packages. They explore the international and regulatory dimensions of finance and focus on risk management, financial engineering, banking, corporate finance, real estate, and portfolio analysis and management. This program also qualifies as a STEM (Science, Technology, Engineering, and Mathematics) designated program for Optional Practical Training (OPT) purposes, which offers the potential for international students to work in the US for a total of 3 years before transitioning to a work visa (H1-B, etc.)
  2. Master of Science in Applied Finance (MSAF) program from the George Washington University School of Business (GWSB): This is a year-long program designed to produce leaders in the global world of finance. As a participant of the MSAF, you will learn about risk management, financial engineering, banking, corporate finance, and portfolio analysis and management in order to cement your professional standing in the field. The GWSB MSAF program is designed to combine quantitative and computer skills with financial theory and applications. Through the program, you will establish your financial astuteness and be able to craft a successful career in the world of finance. You will gain the skills to grow and succeed in multiple areas of the finance industry, such as banking, fund management, financial consultancy, and more. This program also qualifies as a STEM (Science, Technology, Engineering, and Mathematics) designated program for Optional Practical Training (OPT) purposes, which offers the potential for international students to work in the US for a total of 3 years before transitioning to a work visa (H1-B, etc.).
  3. Global Master of Science in Finance (Global MS in Finance) program from the Richard DeVos Graduate School of Management: In this program, you will learn about the role of financial institutions, the mechanics of financial intermediation, and the growth of digital channels from renowned faculty as well as experts. As a participant in the Global MS in Finance program, you will utilize advanced methods to analyze financial data; propose, structure, and execute financial and operational strategies; benchmark results and modify financial plans accordingly. It will help you develop the acumen to play an essential role in the ever-changing and expanding world of global finance.

What are the job prospects after a master’s in finance?

A master’s degree in finance from the US prepares you for jobs in multiple areas of the finance industry, such as banking, fund management, financial consultancy, and more.
You can apply for the following positions:

  • Financial analyst
  • Investment banker
  • Accountant
  • Trader 
  • Financial examiner
  • Insurance specialist
  • Portfolio manager 
  • Financial advisor
  • Finance manager

If you are someone interested in pursuing a career in finance, getting a master’s degree in finance from abroad would be one of the best routes to take. It gives global exposure and access to top-quality teaching standards and research infrastructure. 

FAQs

  1. What are the subjects in the master’s in finance courses? 
    • The subjects taught by different universities would differ as per the university. But, some of the commonly taught subjects are global financial markets, financial modeling and econometrics, investment analysis and global portfolio management, financial theory and research. 
  2. Which is the best country to study master’s in finance?
    • The USA, the UK, and Australia are some of the countries that are considered best to study master’s of finance from, the US being the most popular. 
  3. What is the average salary for a master’s in finance in the USA?
    • The average salary for master’s in finance graduates in the USA is approximately $74,822 per year according to Salary.com. Depending on your performance in university, you can definitely get an even higher salary right after completing your degree. Especially when done from sought-after schools such as the George Washington University School of Business and the Richard DeVos Graduate School of Management. 
  4. What are the specializations available under master’s in finance?
    • Some of the specializations available under master’s in finance are corporate finance, accounting, financial modeling, financial reporting, financial regulation, capital markets, econometrics, quantitative methods, investment management, international finance, etc. 
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