Stepping into the business domain can seem pretty challenging, primarily due to the availability of multiple career options and the inevitable competition. However, a career in this field can be a significant stepping stone for students to pursue their entrepreneurial dreams. It offers students several opportunities to develop various skills like problem-solving and project management, crucial in International Finance. Masters in finance is one of such degrees offered by top business schools worldwide. If you have a passion for finance and a curiosity to learn more about how the financial world works, this is the right course for you. It gives you an insight into the working of financial markets and the international business environment.
Why should you opt for Masters in International Finance?
1. Growing career opportunities
Working in finance can be particularly challenging due to the constantly changing economic conditions, but this makes working in this field worthwhile. There will always be an appreciating demand for financial experts, irrespective of business type. Whether it’s a small business or an international firm, financial strategists’ need exists in each of these business types. Your earning potential will also gradually increase as you go about gaining more experience. It will vary depending upon your role and responsibilities in a company. To get an approximate idea of the salary packages, you can explore this blog on Masters in finance, salary and jobs. The various roles that you can take up include the following:
- Financial Manager
- Investment Banker
- Financial Analyst
- Insurance Broker
- Financial Consultant
2. Wide variety of specializations
Pursuing a master’s in finance allows choosing from a wide range of specializations, depending upon your aptitude and interests. In the beginning, you have the opportunity to delve deep into core finance subjects such as corporate finance, accounting, derivatives, financial reporting, and investment management. Besides that, you have an option to choose from some of the below-mentioned specializations:
- International finance
- Financial planning
- Financial Markets
- Financial Management
- Financial engineering
3. Risk management
Acquiring an education in the field of finance prepares you for uncertainties, especially in these unpredictable times. It will teach you how to tackle your assets and liabilities in a crisis, and most importantly, what to invest in and how much. It will help you acquire the necessary analytical skills to assess risks and make sound financial decisions.
4. Global perspective
Pursuing a degree in finance will allow you to study global financial trends. It will help you nurture a global perspective and understand how the world’s leading economic cities dominate the global financial sector.
Candidates who wish to apply to this course must have an introductory level of training in financial analytics, investment, corporate finance and exhibit a solid quantitative aptitude. Along with that, you must be fluent in English as you might be required to take a language proficiency test as a part of the admission process to foreign universities. You can take IELTS or TOEFL, depending upon the university requirements. The admission process usually comprises similar steps to all other master’s courses. In the first round, the admissions committee will evaluate your overall profile, including your GMAT/GRE score. They will also assess your personal essays that you have submitted and the recommendations you have received from your seniors. Once you have cleared the first round, the committee will notify you of the interview round.
How to choose the right school for yourself?
The task of choosing an appropriate school for you can be pretty tedious. First and foremost, you need to perform thorough research about the best schools in the field and get in touch with their alumni to get a more personal viewpoint. Here are a few factors you need to consider before finalizing your school:
- Admission criteria and requirements
- The flexibility of the curriculum
- Alumni network
- Campus location
- Extracurricular activities offered by the school
List of top schools for MSc Finance, according to QS World University Rankings
Oxford Said Business School is a business school under the University of Oxford, United Kingdom. It offers an MSc in Financial Economics, which is regarded as the best program to succeed in the financial sector.
London Business School offers a Masters in Finance program that lasts for around 10-16 months and helps the students nurture a global approach in the finance sector.
3. MIT Sloan
MIT Management Sloan School in the United States offers an intensive STEM program for young professionals. It allows the students to choose from various concentrations to focus their degree, depending upon their area of interest.
4. HEC Paris
HEC Paris ranks number one according to the FT rankings, 2020. It is mainly because of the world-class professors for the Masters in International Finance course, along with a wide variety of electives and two tracks available for the students.
Cambridge’s Mfin program is unique as it gives the students a chance to learn through a rigorous academic curriculum and provides them with a plethora of networking opportunities.
6. UC Berkeley (HAAS)
UC Berkeley is located in California, USA. It offers a Masters in Financial Engineering program that can help you kick-start your career in data science, technology and finance with the help of its unparalleled alumni network.
7. ESSEC Business School
According to the Financial Times Ranking, the Masters in Finance program offered by ESSEC Business school has consistently ranked at number 4 at the global level. One unique aspect of the program is that you get an opportunity to advance your career in finance with the help of study trips to major financial centres such as New York, London, and Hong Kong.
UCLA Anderson School of Management is located in the United States and has a placement rate of 95%. It is one of the most prominent business schools, primarily because of its unparalleled location that gives students access to multiple commercial opportunities.
9. London School of Economics
London School of Economics offers a unique opportunity to students who aspire to build a career in the financial sector, even if they don’t have a finance background. It is located in one of the most cosmopolitan cities, attracting multiple students from across the globe.
10. Bocconi University
Bocconi University offers students multiple opportunities to get in touch with employers in Italy and abroad. It is located in Milan, which provides numerous avenues for students to grow and expand their professional horizons.
Once you have selected a top-notch university of your choice, make sure to go through the admission requirements and application process thoroughly. You might also have an option to choose either a business track or an accelerated track. You can select the business track if you have taken only introductory courses related to finance with certain internships in the field. This track will help you kick-start your finance career by providing you with in-depth knowledge of the area. You can also go for the accelerated track if you had intense training in a highly quantitative field, which may or may not be related to finance. All in all, a masters in finance is an excellent option for students who have a penchant for finance. This degree in finance can help you actualize your goals and become a financial leader in the future.