Are you planning to launch a startup or work in a senior management position in a reputed business organization in the future? If you’ve answered yes, enrolling in a finance management program would be the right step for your career.
To know more in detail about what is finance management and the top universities offering this course, keep reading this article!
Finance management is the study of business functions dealing with any company’s financial undertakings like cash and credit, expenses, profitability, etc. Finance management courses help students learn the fundamental concepts of running a business. Some of the standard modules covered in such programs are as follows:
● International economy and finance
● Risk management
● Investment planning & management
● Money and capital markets
● Human resource management
● Security analysis and portfolio management
Through finance management programs, you will learn in detail about the intricacies of the working process of any organization. The modules mentioned above empower students to make logical financial decisions and analyze any business from an economic point of view.
Top Universities Offering Finance Management
If you are planning to look into finance management courses abroad, there are plenty of universities you can apply to. You will find a list of top institutions separated country-wise in this section.
USA
International students consider US institutions for their higher studies for better job opportunities and cutting-edge programs.
Institution
Ranking
Harvard University
1
Stanford University
2
Massachusetts Institute of Technology
3
University of Chicago
5
University of Pennsylvania
8
Source: QS World University Rankings by Subject 2022: Accounting & Finance
UK
Often hailed as the global financial center, the UK is home to renowned universities offering in-depth finance management courses.
Institution
Ranking
University of Oxford
4
University of Cambridge
6
The London School of Economics and Political Science
7
London Business School
11
The University of Manchester
18
Source: QS World University Rankings by Subject 2022: Accounting & Finance
Europe
Europe is one of the top destinations for students due to the plethora of career opportunities and availability of advanced courses. Some prominent institutions offering finance management courses are listed below.
Institution
Ranking
Bocconi University, Italy
15
HCE Paris School of Management, France
19
Imperial College London
23
INSEAD, France
=25
The University of Warwick
36
Source: QS World University Rankings by Subject 2022: Accounting & Finance.
Canada
With the outstanding quality of life and education opportunities, students worldwide flock to Canada to pursue academics. Students can get the chance to opt for co-ops and enhance their industry knowledge with the course knowledge.
Institution
Ranking
University of Toronto
=16
University of British Columbia
=34
McGill University
67
University of Alberta
=95
Queen’s University at Kingston
101-150
Source: QS World University Rankings by Subject 2022: Accounting & Finance
Australia
For students looking to pursue higher education, Australia offers a high academic education system burgeoning with growth opportunities. You can apply to the below-mentioned universities for finance management courses.
Institution
Ranking
The University of New South Wales
20
The University of Melbourne
21
The University of Sydney
24
Monash University
=34
The Australian National University
=41
Source: QS World University Rankings by Subject 2022: Accounting & Finance
Specializations for Finance Management
Various specializations are available for students pursuing a career in finance management. In this vast field, you can choose a major and continue your academic journey accordingly. Some of the common specializations are:
Financial Planning and Services
Banking and Financial Support Services
Investments and Securities
International Finance
Public Finance
Financial Risk Management
Other Finance and Financial Management Services
Finance
Levels of Education
Finance management courses are available at various levels of education. You can choose the most suitable degree based on your eligibility. There are several finance management courses after 12th and at the doctorate level.
In the US, the number of credits needed for each degree level is listed below:
Degree Level
Credits Required
Course Duration
Associate Degree
60-70 credits
2 years
Bachelor’s Degree
120 credits
4 years
Master’s Degree
50-70 credits
1-3 years
Doctorate
Program-specific coursework with thesis or dissertation
At least 4 years
Average Fee Required
Finance management course fees for each institution will vary based on its reputation and country. To get a brief idea about the average amount you will have to pay in each country, let’s consider the tuition fee for the below-mentioned universities.
USA
Harvard University – USD 73,440
Stanford University – USD 57,693
Massachusetts Institute of Technology – USD 82,150
Based on this data, it is safe to conclude that the average cost of studying finance management from any top university in the US would cost around USD 65,870. $57,000 — $80,000.
UK
Oxford University – GBP 48,670
Cambridge University – GBP 49,000
London Business School – GBP 52,200
So, the average tuition fee to be paid for finance management courses in UK universities is £34,700 – £40,000.
Europe
Bocconi University – £19,500
Imperial College London – £39,000
INSEAD, France – £49,500
The average tuition fee for finance management courses in Europe is £38,166.
Canada
McGill University – CAD 57,465
University of Alberta – CAD 54,000
University of British Columbia – CAD 55,000
So, you will have to pay an average tuition fee of CAD 55,616 to study finance management in top Canadian universities.
Australia
University of Melbourne – AUD 71,372
The Australian National University – AUD 45,360
The University of Sydney – AUD 52,500
Based on this list, the average tuition fee for finance management courses in Australian universities is AUD 56,410.
Job Prospects of Finance Management
Graduates of finance management are recruited by some of the top global business organizations. With skills garnered throughout the course, the standard job roles offered to such students are as follows:
Budget Analyst
Finance Analyst
Loan Officer
Insurance Underwriter
Personal Financial Advisors
Expected Remuneration
Based on the skill and level of education, the expected salary for each work position will vary. However, some of the average salary figures as per the US market are
Work Position
Salary
Finance Manager
$95,883
Financial Analyst
$63,146
Project Manager
$76,233
Senior Accountant
$70,475
Operations Manager
$68,230
Data Analyst
$63,299
Source: PayScale
Frequently Asked Questions
What are some of the responsibilities handled by a financial manager?
A financial manager handles the below-mentioned responsibilities:
Invests funds in a profitable venture
Allocates profits for the company’s growth
Effectively manages company money
Calculates the organization’s finance requirements
What are some of the work positions available after graduating from a finance management course?
You can apply for work positions after completing a finance management course: Financial Manager, Financial Analyst, Operations Manager, Accountant, etc.
What are some of the specializations available in finance management courses?
Some of the specializations available in the finance management courses are:
Akansha Semwal is a content marketer at upGrad and has also worked as a social media marketer & sub-editor. Experienced in creating impressive Statement of Purpose, Essays, and LOR, she knows how to captivate the attention of Admissions Committee. Her research-driven;study-abroad articles helps aspirants to make the prudent decision. She holds a bachelor's & master's degree in Literature from the University of Delhi.
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