MBA in Finance Abroad: Find Out Best Colleges for MBA in Finance Abroad Image
MBA: The Why, The Whats & The Hows

MBA in Finance Abroad: Find Out Best Colleges for MBA in Finance Abroad

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Yocket Editorial Team
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MBA in Finance abroad is a 2-year post-graduate degree that prepares international students for several management roles focussing on handling financial resources. Best colleges for MBA in Finance abroad equip an individual with the aptitude, knowledge and techniques to get service in private as well as government sectors. MBA in Finance graduates can get jobs in audit agencies, stock markets, taxation firms etc. The scope of MBA finance abroad is huge, and it helps international students to nurture their skills and knowledge to get success in future. So, if you're considering an MBA in Finance abroad, below we have entail all the essential details for studying MBA abroad.

  Table of Contents:

  1. Why Study MBA in Finance Abroad
  2. Best Colleges for MBA in Finance Abroad
  3. MBA in Finance Abroad Program Structure
  4. Course Specialisation in MBA in Finance in Abroad for International Students
  5. Eligibility Criteria & Admission Requirements for MBA in Finance for International Students
  6. Additional Documents Required for MBA Finance Colleges Abroad
  7. Admission Process for MBA in Finance Abroad
  8. Cost of Studying MBA in Finance from Abroad
  9. Scholarships for MBA in Finance for International Students
  10. Jobs in Abroad after MBA Finance
  11. Frequently asked Questions about MBA in Finance from Abroad

Why Study MBA in Finance Abroad?

Financing MBA abroad is the right career choice for international students with good financial knowledge and the ability to analyse. The following benefits of an MBA in finance abroad are:

  1. Improve Business Relationships: When studying in MBA finance colleges abroad, students will learn skills beyond the limitations of their usual job. It includes developing business partnerships, business strategy, marketing and how to implement deals.
  2. Better PayScale: After completing the MBA in finance from abroad, students will earn a better PayScale which will help students progress eventually in the finance field. Some of the career options that have a good salary package worldwide are chief financial officer, senior financial analyst, finance manager and many others.
  3. Chance to Explore Various Job Roles: The domain of the finance field is huge and international students studying in MBA finance colleges abroad will have an opportunity to explore various job roles. It includes financial analysts, budgetary examiners, hedge fund managers, corporate bankers, personal financial advisors, risk managers etc.
  4. Wide Curriculum: A two-year MBA in Finance covers various topics that progress critical and analytical thinking and increase the horizon of knowledge in statistics, marketing, and leadership skills. Each of these subjects tends to increase the bandwidth of knowledge.

Suggested: Top 10 Best MBA Colleges Abroad for International Students

Best Colleges for MBA in Finance Abroad

As a finance MBA student, you’ll study the principles and processes behind successful financial management. You’ll learn how to understand financial information, analyse risks, analyse market trends, and frame business plans. Some of the top universities for MBA in Finance in Abroad are:

  1. Concordia University
  2. University of Birmingham
  3. Pace University
  4. University of California
  5. University of South Australia
  6. Western Sydney University

So, these are some of the MBA finance colleges abroad that offer MBA in finance degrees to international students. Let’s know it in detail:

1. Concordia University

The MBA in Investment Management is a master's level program offered to international students. The students will learn how to master real estate investment, risk management, securities analysis and other important topics within the financial field.

QS World University Ranking 2022

521-530

Country

Canada

MBA Program

MBA in Finance

Tuition Fee

32,625 CAD/year

2. University of Birmingham

The program aims to advance management and technical skills by directing on key areas such as international banking, banking and finance parameter and supervision, risk and asset and liability management, etc. MBA global banking and finance attract highly skilled and experienced international students from diverse cultures and nationalities and is highly rated by international students wanting to study banking and finance.

QS World University Ranking 2022

90

Country

United Kingdom

MBA Program

MBA Global Banking and Finance

Tuition Fee

31,500 EUR/year

3. Pace University

With an MBA in Corporate Finance, students can play a central role in brokerages, insurance companies, financial institutions and many other finance-driven industries. International students will obtain a broad foundation in all business disciplines and dedicated expertise in areas essential to one's success. They will also gain experience analysing the financial problems faced by global firms in the present environment.

QS World University Ranking 2022

-

Country

New York

MBA Program

MBA in Corporate Finance

Tuition Fee

53,625 USD/year

4. University of California

This program is planned to educate students in understanding, translating and presenting multifaceted financial instruments to their users. The curriculum offers the vital financial insight students need to influence and lead the financial management industry. It also builds financial analysis skills that can be functional to national and international careers in investment banking and risk management, corporate finance etc.

QS World University Ranking 2022

40

Country

USA

MBA Program

MBA in Corporate Finance

Tuition Fee

65,124 USD/ year

5. University of South Australia

The MBA degree contains 9 required core courses, two electives and a final capstone experience. The course will give international students the professional knowledge and skills to recommend boards, join boards, and better recognize the input a high functioning board makes to an organisation's success.

QS World University Ranking 2022

326

Country

Australia

MBA Program

MBA in Finance

Tuition Fee

36,000 AUD

6. Western Sydney University

The Master of Applied Finance prepares international students for managerial careers in finance, banking and property investment sectors. It offers students the opportunity to obtain technical knowledge essential to function in a developing and increasingly cultured financial environment with an importance on the practical application of these techniques.

QS World University Ranking 2022

494

Country

Australia

MBA Program

Master of Applied Finance

Tuition Fee

31,760 AUD/ year

MBA in Finance Abroad Program Structure

Finance MBAs are inclined to start likewise to other MBAs, with core subjects in a range of business disciplines. Let’s look over the 1st & 2nd-year syllabus for financing MBA abroad.

First Year MBA in Finance Syllabus

Second Year MBA in Finance Syllabus

Cost of Capital

Money and Capital Markets

Finance Functions

Portfolio Analysis

Financial Planning

Cash Management

Advance Marketing

Capital Budgeting

Leverage

Statistics for Business

Valuation of Bond & Shares

Theories of Capital Structure

Macroeconomics

Dividend Decisions

Financial Management

Inventory Management

Cost of Different Sources in Finance

Cash Management

Course Specialisation in MBA in Finance in Abroad for International Students

As international students advance through the core courses of the MBA, they initiate to start taking concentration courses. Some of the following MBA courses typically include:

  1. Collections
  2. Investments
  3. Portfolio Management
  4. Borrowing
  5. International Finance
  6. Disbursements
  7. Securities Analysis
  8. Hedge Fund Management
  9. Corporate Investment Management
  10. Small business and corporate Finance

Suggested: Highest Paying MBA Specialization

Eligibility Criteria & Admission Requirements for MBA in Finance for International Students

Pursuing MBA in Finance Abroad offers you the chance to have an internationally recognized degree and discover job opportunities abroad with a higher salary and career growth.  But before getting admission to top universities abroad, there are some criteria that a student needs to fulfil.

  1. Bachelor’s Degree
  2. Work Experience
  3. English Language Proficiency Test
  4. Entrance Exams
  5. Student Visa
  6. Additional Requirements

So, these are some eligibility criteria required for doing MBA in finance abroad for international students. Let’s know it in detail:

1.Bachelor’s Degree

International students interested in pursuing MBA in finance from abroad need to have a bachelor's degree with a minimum of 50% marks in business or associated field from a recognized university.

2.Work Experience

Some universities abroad ask for a minimum work experience of 3 to 5 years from international students to be admitted for MBA in finance degree program.

3.English Language Proficiency Test

To get admission to top universities in different countries like the UK, USA, Australia, Canada and many others. It is essential for international students to give English language scores, including IELTS or TOEFL exams. The score required for the IELTS exam is 6.5 or above, and for TOEFL, 100 or above.

4.Entrance Exams

Many universities abroad may ask for entrance exams for MBA in finance programs like GMAT or GRE.

5.Student Visa

Once a student gets an acceptance letter from the applied university abroad for MBA in finance, they can apply for a student visa. Different countries have different visa requirements, so ensure to first contact the embassy or visit the official website to know about the student visa process or contact the university.

Suggested: Top International MBA Colleges Accepting CAT Score

Additional Documents Required for MBA Finance Colleges Abroad

There are some additional documents required at the time of the admission process. The following official documents are:

  1. Academic Transcripts
  2. Updated Resume
  3. LOR
  4. SOP
  5. MBA Essay (if required)
  6. GMAT Score (optional)
  7. Valid Passport
  8. Current Photographs (Passport size)

Suggested: How to Pursue MBA Abroad Without Work Experience?

Admission Process for MBA in Finance Abroad

To be in the best colleges for MBA in finance abroad, students need to follow some steps to obtain admission to universities abroad.

  1. Search for the universities abroad that offer MBA in finance programs and then shortlist some of the top universities to apply to.
  2. After selecting the best colleges for MBA abroad, check out the eligibility criteria and see if they match or not.
  3. Fill out the admission application form available on their websites for MBA in Finance and pay the application fee.
  4. Once the application is submitted, start gathering the required documents as mentioned on the university's official website.
  5. Submit all the needed documents required for the admission process.
  6. If you've got selected, start preparing for the interview rounds for the MBA program.
  7. After receiving the acceptance letter from the applied university, revert to the confirmation mail.
  8. After completing all the document work for admission, apply for a student visa for the country you've selected to study.

Suggested: Find All about MBA Abroad Eligibility

Cost of Studying MBA in Finance from Abroad

MBA in finance is planned in a way that it teaches international students a general knowledge and advanced knowledge of finance. Studying an MBA in finance abroad includes the cost of studying and the cost of living in foreign countries.

Tuition Fees

Deciding which country to study for MBA in finance program can be difficult sometimes, so to know the average cost of studying MBA abroad, below we have tabulated the average fees of studying MBA in different countries:

Country

Average MBA in Finance Fees

USA

60,000 – 65,000 EUR

UK

60,000- 72,000 EUR

Australia

35,000 – 57,000 AUD

Canada

28,000 – 66,000 CAD

Singapore

38,000- 77,000 EUR

Cost of Living

The average cost of living in abroad countries includes accommodation facilities and other utility expenses.

Country

Monthly Rent Cost

Monthly Utilities Cost

Australia

273- 864 AUD

133 AUD

USA

500- 3,500 EUR

185 EUR

UK

719-855 GBP

131 GBP

Canada

190- 531 CAD

129 CAD

 Suggested: Cost of studying MBA abroad for International Students

Scholarships for MBA in Finance for International Students

International students who feel that the MBA tuition fees for a specific course in a particular country are way above their reach could opt for a student education loan or apply for an MBA student scholarship to go ahead with their vision of pursuing their MBA education.

Scholarship Name

Amount Awarded

Ontario Graduate Scholarship

15000 CAD per year

GREAT Scholarship

10000 GBP

Go Clean Scholarship

3500 USD

BrokerFish International Student Scholarship

1000 USD

Australia Awards Scholarship

The Australia Awards Scholarship covers tuition fees, Economy class tickets from and to Australia.

Forte Fellowship

20000 GBP

Suggested: Top 10 Countries To Study MBA Abroad

Jobs in Abroad after MBA Finance

An MBA in Finance can work in numerous fields such as taxation, tax planning, financial statement reporting and analysis, investment banking, hedge fund management etc. Some of the jobs abroad after an MBA in finance are:

Job Options

Average Annual Salary in INR

Finance Manager

9.80 Lakhs

Credit Risk Manager

13.50 Lakhs

Portfolio Manager

10.71 Lakhs

Financial Analyst

4.22 Lakhs

MBA in finance abroad is the right career choice for international students with good financial knowledge and aptitude to analyse and those with a deep-rooted understanding of economic models and the stock market. So, if you’re the one who is considering doing MBA in finance from abroad, connect with our Yocket Professionals today and get further information regarding different countries for MBA programs.

Frequently asked Questions about MBA in Finance from Abroad

Ques. What is the cost to study MBA Abroad for Indian Students?

Ans. The average cost for an Indian student could range from 40 to 90 LPA (INR). However, this cost may vary according to the country, university and program you to choose.

Ques. What is the scope of MBA finance in abroad?

Ans. The scope of an MBA in Finance abroad is vast and provides a comprehensive scope of the career that boosts prospects compared to other related accounting degrees. It covers the diverse aspects of managing finance and accounting like investments, banking and risk management, securities and business.

Ques. Is GMAT compulsory to get admission for MBA in finance program abroad?

Ans. Yes, the GMAT exam is mandatory to secure admission to top universities for MBA in finance abroad. However, some universities in various countries also consider without GMAT scores for MBA programs.

Ques. Is it possible to study MBA from abroad without work experience?

Ans. Yes, some countries such as Sweden, Canada and Germany offer MBA abroad without work experience.

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