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.
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:
- 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.
- 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.
- 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.
- 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.
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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:
- Concordia University
- University of Birmingham
- Pace University
- University of California
- University of South Australia
- 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:
- Collections
- Investments
- Portfolio Management
- Borrowing
- International Finance
- Disbursements
- Securities Analysis
- Hedge Fund Management
- Corporate Investment Management
- Small business and corporate Finance
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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.
- Bachelor’s Degree
- Work Experience
- English Language Proficiency Test
- Entrance Exams
- Student Visa
- 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.
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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:
- Academic Transcripts
- Updated Resume
- LOR
- SOP
- MBA Essay (if required)
- GMAT Score (optional)
- Valid Passport
- Current Photographs (Passport size)
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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.
- Search for the universities abroad that offer MBA in finance programs and then shortlist some of the top universities to apply to.
- After selecting the best colleges for MBA abroad, check out the eligibility criteria and see if they match or not.
- Fill out the admission application form available on their websites for MBA in Finance and pay the application fee.
- Once the application is submitted, start gathering the required documents as mentioned on the university's official website.
- Submit all the needed documents required for the admission process.
- If you've got selected, start preparing for the interview rounds for the MBA program.
- After receiving the acceptance letter from the applied university, revert to the confirmation mail.
- After completing all the document work for admission, apply for a student visa for the country you've selected to study.
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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 |
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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 |
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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.