Are you planning to launch a startup or work in a senior management position in a reputed business organization? If you’ve answered yes, obtaining finance management knowledge would be the right step for your career.
Keep reading this article to know more about finance management programs and the top universities offering this course.
Finance management is the study of business functions dealing with any company’s financial undertakings like cash and credit, expenses, profitability, etc. Finance management degree helps students learn the fundamental concepts of running a business. Some of the standard modules covered in such programs are as follows:
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.
Source: QS World University Rankings by Subject 2023: Accounting & Finance
Europe (other than the UK)
The rest of Europe (other than the UK) is also home to many popular study abroad countries due to the plethora of career opportunities and availability of advanced courses. Some prominent institutions offering finance management courses are listed below.
Source: QS World University Rankings by Subject 2023: 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.
Source: QS World University Rankings by Subject 2023: 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.
Source: QS World University Rankings by Subject 2023: 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:
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 the 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 – $74,910
Stanford University – $58,746
Massachusetts Institute of Technology – $87,600
Based on this data, it is safe to conclude that the approximate average cost of studying finance management from any top university in the US would cost around $73,752.
UK
Oxford University – £55,630
Cambridge University – £55,080
London Business School – £62,500
So, the approximate average tuition fee to be paid for finance management courses in UK universities is £57,736.
Europe
Bocconi University – €18,000 (£21,000)
Imperial College London – £45,400
INSEAD, France – £71,021
The approximate average tuition fee for finance management courses in Europe is £45,807.
Canada
McGill University – C$63,362
University of Alberta – C$40,300
University of British Columbia – C$32,456
So, you will have to pay an average approximate tuition fee of C$45,372 to study finance management in top Canadian universities.
Australia
University of Melbourne – A$107,649
The Australian National University – A$48,035
The University of Sydney – A$54,000
Based on this list, the average tuition fee for finance management courses in Australian universities is approximately A$69,894.
Job Prospects of Finance Management Courses
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:
The expected salary for each work position will vary based on the skill and level of education. One can also look for employment opportunities right after completing a finance management course after 12th. Some of the average salary figures per the US market are as follows:
Work Position
Salary (in USA)
Finance Manager
$99,781
Financial Analyst
$75,986
Project Manager
$83,410
Senior Accountant
$79,859
Operations Manager
$82,973
Investment Banker
$79,673
Source: PayScale (as of December 2023)
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 financial requirements
What are some of the work positions available after graduating from a finance management course?
Some work positions you can apply for after completing a finance management degree include: 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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