Ready to study Finance abroad but don’t know exactly where? It’s not always easy to decide, especially when there are so many variables and factors to keep in mind. Here, we list some top countries to study Finance.
Every student has their own needs and preferences — and it’s so easy to get lost in the sea of endless Bachelor’s and Master’s degrees in Finance.
Moreover, this blog has used three main criteria to identify the best countries for future Finance experts. These are university tuition fees, top universities in international rankings and career opportunities for graduates.
This way, you can choose the best place to study for a Finance degree, based on available funds, or based on how prestigious the university is globally or how high your chances of employment are after graduation.
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Best country to study Finance: tuition fees
For those of you who want to study Finance but don’t want to get into debt to do it, there are countries where tuition fees are low, or Finance studies are even free:
Almost all public universities in Germany offer free Bachelor’s and Master’s degrees. This applies to all disciplines, including Finance and all international students, regardless of their nationality.
As a student, you only need to cover the administration fee of around 100–350 EUR per semester. As for living costs, you’ll need between 700 and 1,000 EUR per month.
Norway, Denmark, Finland, Sweden
If you come from the European Union (EU) or the European Economic Area (EEA), you can study a Finance programme for free at public universities in Denmark, Finland, or Sweden. Norway receives bonus points for applying the free-tuition policy to all international students.
As for costs of living, these Nordic countries are generally more expensive than other European countries. Depending on the city you’ll live and study in, the monthly budget will range between 700 and 1,400 EUR.
France is another ideal destination in terms of tuition fees. At public universities, all international students pay tuition rates of under 1,000 EUR per year at all study levels (Bachelor’s, Master’s, PhD). You should also know that French institutions of higher education are well regarded worldwide.
In terms of living costs, you’ll spend around 800–1,000 EUR in most cities, with the main exception being Paris. Here, costs grow significantly, up to 1,500–1,800 EUR per month.
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Best country to study Finance: top-ranked universities
If you will not settle for any university and want to learn at the crème de la crème, these are the best universities for Finance studies according to the latest QS Rankings:
- Harvard University, the US
- Massachusetts Institute of Technology (MIT), the US
- Stanford University, the US
- The London School of Economics and Political Science (LSE), the UK
- The University of Oxford, the UK
- University of Cambridge, the UK
- The University of Pennsylvania, the US
- New York University (NYU), the US
- The University of California, Berkeley (UCB), the US
- The University of Chicago, the US
Best country to study Finance: career opportunities
You should aim to learn in a country or at least an area where Finance jobs — and opportunities in general — are plentiful. Moreover, these are some of the most exciting cities for future Finance graduates:
The United States
Boston, Chicago, New York, San Francisco
The job outlook for positions like ‘Financial Analyst’ or ‘Financial Examiner’ is excellent in the US. The US Bureau of Labour Statistics also estimates a 5-7% growth in these fields in the next ten years. Further, one should not overlook the median salary of around 81,000 USD per year either.
The United Arab Emirates (UAB)
It’s no secret that Dubai wants to become the financial capital of the Middle East. And thanks to its fast development, it looks like this will happen sooner rather than later. Finally, numerous international organisations are opening branches and local offices here, creating new finance professionals opportunities.
While Bern might be the official capital of Switzerland, Zurich is its financial and banking capital. Important global giants in the banking and trading fields also have their headquarters here, and you can secure a high-paying job at one of them.
Hong Kong SAR
Hong Kong, a Special Administrative Region of China, is one of Asia’s most influential financial cities. The city is also home to thriving banking, wealth management, and trading markets, making it an attractive place for international companies.
In addition to the option of studying for free in Germany, you can also look for a Finance job in Frankfurt, a city whose thriving economy makes it the unofficial financial capital of Europe.
Frankfurt is also home to large institutions, like the Deutsche Bank and other international companies eager to hire the best candidates for their Finance-related positions.
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Lastly, we have answered some questions for your ease.
Q1. What is the best degree for finance?
Ans. Types of Finance Degrees
- Bachelor’s Degree in Finance
- Master’s Degree in Finance
- Doctorate Degree in Finance
- Commercial Banking
- Investment Banking
- Financial Planner
Q2. What kind of jobs are in finance?
- Financial Career Options for Professionals
- The Financial Services Industry
- Financial Planning
- Corporate Finance
- Commercial Banking
- Investment Banking
- Hedge Funds
- Private Equity, Venture Capital
Q3. What do you study in finance?
Ans. A finance major learns how to work with businesses to streamline operations through financial planning, investing, problem-solving and budgeting. Moreover, students in finance and financial management services majors learn how finance professionals are vital to helping businesses make and keep their profits.
Thus, this was our complete guide on the top countries to study Finance. We truly hope we were able to resolve any queries you might have had.