Finance Management – Top Universities, Specializations & Job Prospects

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!  

Course Brief of Finance Management

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

Q1. 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

Q2.  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.

Q3. What are some of the specializations available in finance management courses?

Some of the specializations available in the finance management courses are:

  • Financial Planning and Services
  • Investments and Securities
  • International Finance
  • Banking and Financial Support Services
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