Finance is a term that expresses two related activities: the study of how money is managed and the actual process of obtaining needed funds. It includes the oversight, study and creation of money, credit, banking, assets, investments and liabilities that make up financial systems.
Finance programs are becoming a very popular and specialized degree within Business education. Finance can be divided into three sub-categories: public finance, corporate finance and personal finance.
Finance programs take into account all aspects of business: Economics, Marketing, Productions, Accounting, Management and Information systems.
Who choose Finance?
If you are thinking about applying to Finance program, you should know some common characteristics of financier. A person must be outgoing and curious to build a successful career in Finance. One also must be good in communicating with people and making friendly conversation on a variety of subjects. The person must be diplomatic and consider organization’s or client’s goals, resources, and options when discussing their options for financial growth and well-being. An applicant should be good at mathematics.
Why choose Finance?
Finance graduates have a lot of advantages in choosing career. One great reason to apply for Finance program is because of its narrow focus, but even considering this it still allows to explore a field that has a lot of job opportunities.
Finance degree allows to work with the decision makers of other organizations and companies, it helps to get some important work contacts. The Finance degree offers lots of opportunities to travel and work with international companies, organizations and clients from all sorts of societies and cultures. There are also chances to undertake secondments in other leading financial centers across the world.
Finance program allows students to improve their communication skills. The learn how to convey the message to the receiver, how to communicate with clients, co-workers and directors of companies and organizations.
According to The Bureau of Labor Statistics, due to a “growing range of financial products and the need for in-depth knowledge of geographic regions” finance positions are growing faster than the average for employment in the United States.
Entry requirements for Finance programs
Entry requirements for finance degrees vary from university to university. Applicants whose native language is other from English need to provide certificates (TOEFL or IELTS) to prove language proficiency. To apply for MSc Finance, you should preferably have a First Class Honours degree or a Upper Second Class Honours degree or the international equivalent in a highly quantitative discipline such as: Mathematics, Engineering, Economics, Finance or Science.
Each applicant is requested to submit, together with the application, a motivation letter and a curriculum vitae. Furthermore, a recommendation letter is requested.
Structure of undergraduate study programs in Finance
Finance degrees are often offered along with a related subject, such as Accounting, Business or Economics. Economics and statistics are also covered, since they are crucial to the understanding of finance. Main subjects of Finance programs are Accounting, Mathematical methods, Macro and Microeconomics and Information technology. Since Finance courses offer such wide range of subjects, they prepare students for a wide amount of finance careers. These include roles in areas such as commercial banking, financial planning, investment banking, money managing, insurance and real estate. Students learn how wealth is calculated and also how finance influences and shapes the way companies behave.
Career options for Finance graduates
A Master’s degree in finance is a beneficial diploma in the business world. Finance is a field abundant with great earning potential and rewarding career options in a wide range of industries.
After ending the Finance program one can work in Corporate Management, International financial management, Investment services, Financial planning services, Personal financial planning for individuals and private organizations, Brokerage firms, Insurance companies, Commercial and investment banking, Credit unions and private banks, Hedge Funds.
According to QS Top Universities Ranking, the best institution with Finance study programs is Harvard University, USA. Admission requirements for this university and information for international students can be found on our website in the university’s profile.
The list of other world leading universities holding Finance study programs includes: Massachusetts Institute of Technology (MIT), Stanford University, University of Oxford, London School of Economics and Political Science (LSE), University of Pennsylvania, University of Chicago, University of Cambridge, University of California, Berkeley (UCB). Most of these universities are located in USA, some specific requirements for applicants in universities of USA can be found on our website