MBA Finance Abroad- A Brief Guide

Thinking of pursuing an MBA finance abroad? You are certainly on the right track since an MBA in finance can be the gateway towards a rewarding career. Skilled graduates can find employment in a variety of sectors, ranging from investment, insurance, banking and financial management to even real estate and more. The core curriculum usually centers on finance, stock markets, investment banking, corporate finance, bankruptcy, risk management, operations and market trading and the global economy.

MBA Finance Abroad- Top Universities

Here are some of the best colleges for MBA in finance abroad:

USA

1. University of Michigan

2. University of California, Berkeley Haas

3. Harvard Business School

4. MIT Sloan School of Management

5. Stanford Graduate School of Business

6. New York University

7. Columbia Business School

8. University of Pennsylvania, The Wharton School

9. University of Chicago

Canada

1. Rotman School of Management

2. University of Alberta

3. Laval University

4. Smith School of Business

Australia

1. Melbourne Business School

2. MGSM Macquarie University

3. AGSM MBA, University of New South Wales

4. UQ Business School

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UK

1. London Business School

2. Cambridge Judge Business School

3. University of Manchester

4. Oxford Business School

5. Warwick Business School

6. Imperial College Business School

7. Durham Business School

8. University of Edinburgh Business School

Europe

1. Bocconi University, Italy

2. Tilburg University, the Netherlands

3. HEC Paris, France

4. INSEAD, France

5. Iese Business School, Spain

6. IMD Business School, Switzerland

7. Esade Business School, Spain

Specializations

There are various in-course specializations and topics that are covered, including the following:

1. Corporate investment management

2. Hedge fund management

3. Portfolio management

4. Investments

5. Borrowing

6. Securities analysis

7. International finance

8. Fundraising

9. Financial statement analysis

10. Business strategy

11. Personal finances

12. Corporate finance and banking

13. Applied accounting

Level of Education

MBA in Finance is taught at the postgraduate level.Average Fee Required for the Program

The average cost is approximately the following-

1. USA- INR 32.9-58.5 lakh

2. UK- INR 27.5-87.9 lakh

3. Australia- INR 25.31-46.12 lakh

4. France- INR 12.59-25.18 lakh

5. Italy- INR 15.95-25.18 lakh

6. Canada- INR 18.09-69.94 lakh

Job Prospects

An MBA in finance is the gateway towards a fulfilling global career in varied sectors of economics, business and financial markets. There is vast scope for global MBAs in finance and they will find job opportunities in varied sectors like financial management, asset management, banking, retail, information technology, hospitality, FMCG, ITeS, real estate and more.

Some of the top job positions include hedge fund manager, financial advisor, investment banker, corporate controller, risk manager, brand manager, sales manager, media planner, financial analyst, market research analyst, credit specialist, chief financial officer, accounting manager, consultant and more. Other employers and sectors include credit risk management, risk management, trading and sales, retail banking and personal finance, accounting, insurance and investment banking, brokerages, financial advisory, stock markets, equity research firms, international banking operations, mutual funds, NBFCs, financial organizations and market regulators, etc.

Some leading global recruiters include Goldman Sachs, HSBC, Barclays, JP Morgan, Merrill Lynch, Bain & Company, Boston Consulting Group, Deutsche Bank, Capgemini, Morgan Stanley, Ernst & Young, KPMG, Deloitte, IBM, and many others.

Average Salary/Remuneration

Finance is the highest-paid global industry as per reports, with annual MBA salaries standing at $97,100 (approximately INR 73.84 lakh) for graduates. Some other salaries include the following (according to Payscale):

1. Chief Financial Officer- $108-253,000 (INR 82.13 lakh to INR 1.92 crore).

2. Senior Financial Analyst- $69-108,000 (INR 52.47 lakh to INR 82.13 lakh).

3. Financial Analyst- $52-92,000 (INR 39.54 lakh to INR 69.96 lakh).

4. Finance Manager- $75-133,000 (INR 57.03 lakh to INR 1.01 crore).

5. Financial Controller- $69,000-143,000 (INR 52.47 lakh to INR 1.08 crore).

6. Finance Director- $91-177,000 (INR 69.20 lakh to INR 1.34 crore).

7. Vice President, Finance- $103-199,000 (INR 78.33 lakh to INR 1.51 crore).

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