Why study Finance courses?
Studying finance can provide numerous benefits, including high-paying and in-demand job opportunities, academic growth, and career advancement. Graduates with a finance degree can choose from several careers, such as financial analysts, financial managers, and personal financial advisers. Understanding finance can also help individuals analyse performance for their department, appreciate the financial impact of their job, and become stronger problem solvers. Additionally, finance is ubiquitous and fundamental to running a successful business, making it a valuable skill for managers in any field. Finally, studying finance can improve financial literacy and help individuals make sound financial decisions. Employers look for candidates with accounting skills, analytical thinking skills, financial decision-making skills, management skills, and other finance-related skills. Overall, studying finance can help individuals develop a unique set of skills that are in high demand in the job market and can lead to a successful career in finance or other related fields.
Specializations
- Entrepreneurial Finance
Entrepreneurial finance is a field of study that focuses on the value and allocation of resources for new ventures. It addresses key questions that challenge entrepreneurs, such as how much money can and should be raised, when it should be raised and from whom, what is a reasonable valuation of the start-up, and how funding contracts and exit decisions should be made. The field covers topics such as start-up valuation, capitalization tables, financing strategies, and blockchain innovation. Entrepreneurial finance courses are offered in various universities, including Duke University and Babson College. Financial planning is also an essential aspect of entrepreneurial finance, as it allows entrepreneurs to estimate the quantity and timing of money needed to start and run their venture.
- Investment Management
Investment management involves the handling of financial assets and other investments, which includes not only buying and selling them but also devising a short- or long-term strategy for acquiring and disposing of portfolio holdings. It is also known as money management, portfolio management, or wealth management. Investment management aims to meet particular investment goals for the benefit of clients whose money they have the responsibility of overseeing, which may be individual investors or institutional investors such as pension funds, retirement plans, governments, educational institutions, and others. Investment management can also include banking, budgeting, and tax services and duties. It involves a comprehensive set of strategies, both short- and long-term, for managing financial assets.
- Financial Institutions
Financial institutions are companies that deal with financial and monetary transactions such as deposits, loans, investments, and currency exchange. They provide a wide variety of deposit, lending, and investment products to individuals, businesses, or both. Financial institutions can vary by size, scope, and geography, and they are essential for regulating the economy, ensuring fair financial practices, and facilitating prosperity. Some financial institutions specialize in certain areas, such as mortgage companies that focus on originating or funding mortgage loans. There are also different types of finance specializations, such as personal finance planning, retirement planning, and estate planning.
- Mergers and Acquisitions
Mergers and Acquisitions (M&A) is a field that involves the consolidation of companies or their major business assets through financial transactions between companies. M&A offers many ways to achieve this goal, and it involves various types of deals and complex organizational structures. Through M&A, companies can purchase and absorb another company outright, merge with it to create a new company, or acquire some or all of its major assets. M&A is a complex process that requires a well-rounded knowledge of key concepts that form the foundations of a successful M&A deal. There are various courses and specializations available that focus on M&A, including finance, accounting, business analysis, data analysis, and investment management. The M&A process involves analyzing and valuing acquisition targets, which usually involves valuing the target on a standalone basis and valuing the potential synergies of the deal.
- Capital Raising
Capital raising refers to the process of obtaining funds for a business or project. There are various ways to raise capital, including exempt offerings, crowdfunding, and registered public offerings. The capital raising process involves understanding the fundamentals, exploring regulatory pathways, and learning the language of capital raising. The book building process is one way to raise capital. The SEC has expanded categories of persons qualifying as “accredited investors” to increase private capital raising transactions. Entrepreneurs should be prepared to make decisions about how much money to raise, from what sources, in debt or equity, under what terms, and should not be afraid to use financing alternatives. Raising capital in a pass-through context will cause an investor’s tax reporting to be intimately tied to the company’s return filing.
- Investment Banking
Investment banking is a type of banking that specializes in large and complex financial transactions such as mergers, acquisitions, and initial public offerings (IPOs). Investment banks raise money for companies, governments, and other entities by underwriting new debt and equity securities, aiding in the sale of securities, and facilitating mergers and acquisitions. Investment bankers work with corporations, governments, and other groups to plan and manage the financial aspects of large projects. Investment banks also act as brokers or financial advisers for large institutional clients such as pension funds. The investment banking industry is likely to undergo a bifurcation of broker archetypes, resulting in an interconnected ecosystem of various players.
Best countries to pursue Finance courses
(Globally)
Finance in United Kingdom (UK)
The UK is considered one of the best places to pursue finance courses due to several reasons. Firstly, the UK is among the top finance hubs, making it an ideal place to study finance courses. Secondly, universities across the UK offer accounting and finance courses at both undergraduate and postgraduate levels. Thirdly, studying accounting and finance in the UK provides students with the necessary business language abilities and knowledge of the dynamics of commerce and industry. Fourthly, the UK is recognised as a global financial centre, providing students with a rich, culturally diverse community to study accountancy and finance. Finally, studying accounting and finance in the UK can lead to high salaries, job satisfaction, and job opportunities.
The duration and fees for finance courses in the UK vary depending on the university and degree level. For example, the BSc Finance course at the University of Bristol is a 3-year full-time program with a fee of £9,250 per year for home students and £24,500 per year for international students. The University of London charges an indicative total of £2,785 for finance courses, including registration fees, examination entry fees, and online examination fees. The MSc Finance course at the University of Warwick is a 1-year program, and the fees for 2023 entry are not yet confirmed. International students can expect to pay between £15,000 to £29,000 per academic year for an accounting and finance degree in the UK.
- Scholarships in UK
There are several scholarships available for Indian students in the UK who wish to pursue finance courses. Some of the top scholarships include Felix Scholarships, which are available for academically outperforming underprivileged students from India and other developing countries, Chevening Scholarships, which offer full financial support to pursue any eligible course at any UK university, Charles Wallace India Trust scholarships, which are available for Indian students who wish to pursue postgraduate studies in the UK, Rhodes Scholarships at the University of Oxford, which is one of the oldest scholarships for Indian students. Students can visit the websites of these scholarships to check their eligibility criteria and application process or contact Edusky.
Finance in Switzerland
Switzerland is considered one of the best places to pursue finance courses for several reasons. Firstly, Switzerland has a strong legal framework and high demand for finance programs. Secondly, Switzerland is home to numerous prestigious colleges and universities that offer majors in finance, such as the University of St. Gallen, ETH Zurich, and the University of Zurich. Additionally, Switzerland is one of the world’s most important banking and financial centers, making it a premier destination for business studies students. Finally, Switzerland offers an excellent quality of life, which is an added benefit for students who choose to study there.
The fees and duration for finance courses in Switzerland vary depending on the institution and program. For example, ETH Zurich charges CHF 60 per semester hour for individual courses taken during a leave of absence, up to a maximum of CHF 730 for a full semester, in addition to compulsory semester fees. SMAPSE provides information on the fees, rankings, and entry requirements for finance programs at various educational institutions in Switzerland. Educationin.eu provides information on the costs of undergraduate courses in Switzerland. For further information, please contact Edusky.
- Scholarships in Switzerland
There are several scholarships available in Switzerland for Indian students who wish to pursue finance courses. Some of the scholarships are ETH Zurich Scholarships, University of Lausanne Master’s Grants for Foreign Students, Education Future International Scholarship, Ritchie-Jennings Memorial Scholarship, University of Geneva Excellence Masters Fellowships, Swiss Study Foundation Scholarships. Indian students can explore these scholarships and apply for the ones that match their eligibility criteria or connect with Edusky experts.
Finance in US
The USA is considered one of the best places to pursue finance courses due to several reasons. The country has great schools, cutting-edge programs, networking opportunities, and internship and job prospects. Studying finance in the USA can open up a world full of career possibilities for students all over the world. The country has some of the top study programs for finance, such as the University of Pennsylvania (Wharton), University of Chicago (Booth), and New York University. Additionally, finance courses in the USA offer in-demand jobs, high salaries, and financial lessons that can be applied in any area of life.
The duration and fees for finance courses in the USA vary depending on the program and institution. For example, the Harvard Extension School offers a finance master’s degree program that consists of 12 courses, and the average tuition fee per course is $3,100. On the other hand, the average tuition fee for a Master of Science in Finance in the USA ranges from $19,000 to $80,000 per year, and the duration of the course is typically one year or 13-15 months. Bachelor of Finance degrees are also available, and the median salary for financial analysts is $80,310. The duration of a master’s degree in finance in the USA is typically between 10 months and 2 years. While the cost of these courses is usually high, the return on investment is also high, making them a good option for students who can pay off their education loans quickly.
- Scholarships in USA
There are several scholarships available for Indian students who want to study finance courses in the USA. Some of the scholarships are AEF Scholarship, Akhtarali H. Scholarship, Fulbright Scholarships for Indians, Inlaks Scholarship, National Overseas Scholarship, SN Bose Scholarship, Hubert Humphrey Fellowship Program, Amherst College Scholarships, Harvard University scholarship, Yale University scholarship, etc. Indian students can find more information about these scholarships and other opportunities at Edusky.
Finance in Germany
Germany is considered the best country to pursue finance courses due to the high-quality education and the quantity of programs available. Pursuing an MS in Finance in Germany is a lucrative option for study abroad aspirants, with a wide scope of jobs available in Germany after graduation. German universities offer popular finance courses with affordable tuition fees and admission requirements. Additionally, Germany is an affordable place to study and live in, with many options for financing studies, including thousands of scholarships.
The duration and fees for finance courses in Germany vary depending on the university and program. For example, a Master of Science in Accounting and Finance can take 21-24 months and cost €8,475 per semester. On the other hand, a Master of Business Administration at Frankfurt School of Finance and Management can take 1 year and cost INR 35.2 lakhs for the first year. The cost of a finance course in Germany can range from EUR 1,000 to 5,700. Scholarships are also available for international students, and the German Academic Exchange Service provides financial assistance to numerous international students every year.
- Scholarships in Germany
There are several scholarships available for Indian students who want to study finance courses in Germany. Amiran scholarship for applicants from developing countries, Heinrich Boll Scholarships for International Students, Bayer Foundations, Konrad-Adenauer-Stiftung (KAS) Scholarships, DeutschlandStipendium National Scholarship Programme, DAAD Scholarship Programs. Indian students can find more information about eligibility criteria, deadlines, application forms, and selection processes with Edusky.
Finance in Canada
Canada is considered one of the best places to pursue finance courses due to several reasons. Firstly, Canadian universities offer competitive tuition fees and generous scholarships. Secondly, the country has a strong job market, which provides an ideal platform for international students to develop their skills in finance and advance their careers. Thirdly, Canadian universities are highly research-centric, and their finance courses are considered to be top-notch with excellent employability rates. Finally, Canada is home to some of the best universities that offer finance and budgeting courses.
The duration and fees for finance courses in Canada vary depending on the degree and level of study. According to the search results, the duration of a Master’s in Finance in Canada ranges from 12-20 months. The tuition fees for finance courses in Canada range from 10,000 CAD to 17,000 CAD for 1-year courses, 20,000 CAD to 50,000 CAD per year for undergraduate degree programs, and 30,000 CAD to 88,000 CAD per year for international students pursuing a Master’s in Finance. The fees for a Diploma in Finance in Canada average around INR 14.5 Lakhs for the first year. The average salary for graduates of fintech courses in Canada is $59,711 per year.
- Scholarships in Canada
There are several scholarships available for Indian students in Canada pursuing finance courses. Canada Memorial Scholarship, Banting Postdoctoral Fellowships, IDRC Research Awards, Vanier Canada Graduate Scholarships Program, Shastri Indo-Canadian Institute, etc. Students can check the eligibility criteria, deadlines, application process, and other details with Edusky.
Finance in France
France is considered the best country to pursue finance courses for several reasons. French universities are at the forefront of innovation, especially in mathematics, science, and finance. France is a world leader in finance, accounting, and legal services, making it a prime destination for those pursuing careers in these fields. French universities offer a prestigious and top-notch education, and the cost of living is reasonable and affordable. France’s prestige enables the country to have four French top 100 student cities in the world, making it an ideal environment for students.
The fees and duration of finance courses in France vary depending on the institution and program. Private institutions, particularly private business schools, have substantially higher tuition fees than public institutions, ranging from €3,000 to €10,000 per year. The cost of studying for a Master’s in Finance in France can range from 12,000 to 40,000 EUR per year, depending on the university and lifestyle. For example, the Master of Finance program at Paris Dauphine University costs 9,000 EUR per year, while the MSc International Finance program at Paris Business School has a different fee structure. It is recommended to check the website of the institution to learn the amount of tuition charged for the program of interest.
- Scholarships in France
There are several scholarships available for Indian students who want to study finance courses in France. Some of the scholarships are The JN Tata Endowment Scholarship, Sciences Po scholarships for outstanding students from non-EU countries, Education Future International Scholarship, Ritchie-Jennings Memorial Scholarship, Eiffel scholarship for Master’s and Ph.D. level studies, Charpak Scholarship Programme, etc. Indian students can apply for these scholarships based on their eligibility criteria.
Finance in Spain
Spain is considered a great place to pursue finance courses for several reasons. Firstly, the tuition fees for finance degree programs in Spain are relatively low, ranging from €800 to €2,500 per year for bachelor’s degrees and €1,000 to €3,500 per year for master’s programs. Secondly, Spain has a reputation for offering excellent study abroad opportunities, particularly in finance. Thirdly, Spain’s universities and academic institutions frequently concentrate their Master of Finance programs on a single aspect of finance as a study and employment. Finally, Spain has more business schools in the European top ten than any other country, according to the Financial Times.
The duration and fees for finance courses in Spain vary depending on the university and program. For example, a Bachelor’s program in a private university can cost between €5,500-18,000 per school year. The average tuition fees for a Master’s in finance in Spain is $0 per academic year, but it may vary depending on the university. Public universities in Spain charge fees per credit, with Bachelor’s courses ranging from €750-€2,500 per academic year and Master’s programs ranging from €1,000-€3,500. For specific information on duration and fees, it is best to check with the university offering the program.
- Scholarships in Spain
There are several scholarships available for Indian students who want to study finance courses in Spain. Some of the scholarships available are Spanish Studies Abroad Merit-Based Scholarship and Diversity Scholarship, International Studies Abroad (ISA) Scholarships, Education Future International Scholarship, Ritchie-Jennings Memorial Scholarship, Grants and awards, merit-based and need-based scholarships provided by private organizations. Indian students can explore these scholarships and apply for them to fund their studies in Spain.
Job Opportunities
Completing finance courses can lead to various job opportunities. Some of the job options include business teacher, accountant, financial services agent, tax examiner, auditing clerk, cashier, bill collector, financial analyst, stockbroker, personal finance advisor, banking assistant, and more. Additionally, continuing education and obtaining finance-specific credentials such as the Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or Certified Financial Planner (CFP) can help boost your financial IQ and demonstrate your commitment to a financial sector career.
Top 15 Universities to pursue Finance courses
(Globally)
- Harvard University-USA (#1 QS World Ranking 2023)
- Stanford University-USA (#2 QS World Ranking 2023)
- Massachusetts Institute of Technology MIT-USA (#3 QS World Ranking 2023)
- University of Oxford-UK (#4 QS World Ranking 2023)
- University of Chicago-USA (#5 QS World Ranking 2023)
- University of Cambridge-UK (#6 QS World Ranking 2023)
- The London School of Economics and Political Science LSE-UK (#7 QS World Ranking 2023)
- University of Pennsylvania-USA (#8 QS World Ranking 2023)
- University of California, Berkeley-USA (#9 QS World Ranking 2023)
- New York University, NYU- USA (#10 QS World Ranking 2023)
- London Business School-UK (#11 QS World Ranking 2023)
- Columbia University-USA (#12 QS World Ranking 2023)
- Yale University-USA (# 14 QS World Ranking 2023)
- Bocconi University-Italy (#15 QS World Ranking 2023)
University of Toronto-Canada (#16 QS World Ranking 2023)
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