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Study Finance Abroad - the Definitive Guide

The economic recession has come and gone and markets are as volatile as always, but programmes in Finance continue to attract students!

Mahesh Ramani

A postgraduate degree in Finance offers individuals a wide variety of career options in Finance and Accounting departments across industries.

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Subject modules & entry requirements

In India, the Bachelor of Commerce in Finance is the most popular undergraduate degree in Finance. On completion of this degree students can opt for a relevant postgraduate degree. The UK offers a wide variety of postgraduate degree in Finance, combining popular related subjects like Economics, Accounting and Business Law.

As per the QS Subject Rankings, 2015, the top five places to study a programme in Finance are:

  • Harvard University
  • University of Oxford
  • London School of Economics and Political Science
  • University of Cambridge
  • Stanford University

Postgraduate programme options

The MA, MSc and the MS are the most popular degrees offered in Finance.

How long will you study?

The duration of the programme varies from one year to two years based on the subject specialisation and the university.

What will you study?

Typically a postgraduate programme in Finance will include modules in Financial Reporting, Financial Control, Accounting, Economics, Statutory Compliance, Auditing and Budgeting. View all postgraduate programmes in Finance

Typical entry requirements

Applicants should ideally have an undergraduate degree in Finance, Economics or Accounting.

English language proficiency

A score of 6.5 on the IELTS or 79 on the TOEFL is usually considered to be fair enough for admission into a postgraduate programme in Finance.


The average cost of completing a postgraduate degree in Finance ranges from INR 10 lakhs to INR 20 lakhs.

Subject specialisations

Some of the most popular postgraduate subject specialisations are:

Actuarial Science

Actuarial Science is the study of using mathematical and statistical models to assess and analyse risk in insurance and finance. All leading insurance firms and banks hire qualified actuaries. View all postgraduate programmes in Actuarial Science.

Business and Finance

Blending the best elements of business and finance this specialisation covers a wide variety of subjects giving the student the option to choose from a wide variety of specialised job roles in banking, insurance and financial consulting. View all postgraduate programmes in Banking and Finance.


Banking remains one of the most popular specialisations for students of Finance. The banking sector is growing at a phenomenal rate in India and with the RBI taking measures to provide last mile banking services to every village in the country, the demand for qualified bankers is high. It has come to a stage where people with an MBA and an engineering degree are writing exams to join banks as probationary officers. View all postgraduate programmes in Banking.

Financial Analysis

Financial Analysts are the ones who predict market trends based on various economic and political factors. From determining the fair price of crude oil to information on the sale of U.S. Treasury Bonds, financial analysts pore through various bits of information to advise investors and traders. Qualified and skilled financial analysts can make a fair bit of money and are in high demand. View all postgraduate programmes in Financial Analysis.

Financial Management

Linked closely to financial analysis, financial management teaches people to manage their funds and invest them in assets. Closely linked to fund management and stock-trading, skilled individuals with a recognised postgraduate degree in Financial Management can command a good salary from banking and wealth management firms. View all postgraduate programmes in Financial Management.

Career prospects

From insurance to banking and stock-trading to wealth and asset management, students with a postgraduate degree in Finance can choose from a wide variety of career options.

The following infographics sourced from Payscale indicate the average salaries on offer for those with a Master of Finance degree in India and the USA.


Median Salary by Years Experience


Median Salary by Years Experience

The variance in salaries is quite high, even after adjusting costs for living and travel expenses, it definitely makes sense to opt for a degree from a recognised university abroad and find employment abroad rather than studying and working in India. 


Former Indian Prime Minister Manmohan Singh is credited to have revitalised the Indian economy, a student of Economics and Finance and a sharp thinker, the boom and growth that we see in India is largely credited to his forward thinking economic policies.

Professional associations


The Association for Financial Professionals (AFP) is the professional society that represents finance executives globally. Based outside Washington D.C., AFP offers training programmes, career support and guidance and organises seminars and meets for finance professionals.

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