10 Best Countries to Study Finance: Top Universities, Fees, & Starting Salaries
This article covers:
- Do you know?
- Why do students pursue finance abroad?
- Quick glance: 10 best countries to study finance
- 10 Best countries to study finance abroad
- Other upcoming emerging countries to study finance abroad
- Top 10 highest paying jobs in finance
- Why is Instarem the best Option for International students?
- Before you go…
- FAQ’s
The best countries to study finance are the USA, UK, Canada, Australia, Singapore, Germany, Switzerland, France, the Netherlands, and Hong Kong.
A finance career is lucrative and fulfilling, with high demand worldwide. If you’re detail-oriented, organized, and skilled in data analysis, consider pursuing finance abroad. Higher quality education, booming employment opportunities, and rich global exposure are some benefits you can get by enrolling for an accounting and finance degree abroad.
We have listed the 10 best countries for masters in finance to help you make an informed decision.
Do you know?
- An annual salary survey by Robert Walter suggests that around 37% of surveyed financial professionals expect a good pay increase in 2024.[1]
- About 126,500 job openings for auditors and accountants are projected annually, for over a decade.[2]
- According to the US Bureau of Labor Statistics (BLS), finance jobs offer an average salary of $ 76,850, about 66% higher than all the others.[3]
Why do students pursue finance abroad?
- High-quality education: This is the primary reason an increasing number of Indian students are going abroad to pursue their finance degrees. Many countries offer excellent finance degree programs with top-notch curriculums and reputed faculties that may not be available in domestic institutes.
- Global exposure: Studying finance abroad exposes you to global financial markets, trends, regulations, and best practices. This, in turn, empowers you with an international perspective while helping you enhance your skills.
- Better career opportunities: Most students choose finance programs abroad due to lucrative job opportunities in the global finance sector. In other words, numerous high-paying job prospects are available right after your finance degree program.
- Networking opportunities: Studying abroad allows you to connect with professionals in the global finance industry. This, in turn, opens doors to thriving prospects and a chance to accelerate career growth.
- Unique cultural experiences: Above all, pursuing a career in finance goes beyond lucrative job opportunities and financial stability. It offers an opportunity to gain unique experiences by meeting new people, learning about new cultures, and expanding your professional horizons.
Quick glance: 10 best countries to study finance
Countries to study abroad | Top Universities | Single Person Estimated Cost of Living (USD per month) |
United States |
| $2433 |
United Kingdom |
| $2183 |
Canada |
| $2042 |
Australia |
| $2293 |
Singapore |
| $3007 |
Germany |
| $1581 |
Switzerland |
| $2896 |
France |
| $1542 |
Netherlands |
| $1945 |
Hong Kong |
| $2614 |
Source: Cost of living (Livingcost.org)
Notes:
- Cost of living includes average costs for transportation and basic amenities like food and grocery bills, etc. The cost of living excludes rent.
10 Best countries to study finance abroad
Choosing the perfect location to study finance abroad is the initial stride toward crafting a thriving international career. Here’s a list of prime destinations to study finance overseas, simplifying your decision-making.
1. United States of America
The USA tops the list for the best country to study finance for Indian students. From prestigious universities like Harvard and MIT to a wide range of finance programs, there are many reasons why the USA is a highly sought-after destination for pursuing bachelor’s and master’s degrees in finance. In addition, students pursuing finance in the States benefit from the increasing job prospects and networking opportunities provided by top universities.
Top Universities
Top Universities | QS World University Rankings 2024 |
Harvard University | 4 |
Stanford University | 5 |
Massachusetts Institute of Technology | 1 |
Top finance courses
- MBA in Finance
- Chartered Financial Analyst Program (CFA)
- M.Sc in Finance
Average tuition fees
- For Bachelor’s Degree in Finance: USD 20,000 – USD 50,000 yearly.
- For Master’s Degree in Finance: USD 20,000 – USD 90,000 yearly.
Student visa cost
The student visa cost for the USA ranges between USD 500 to USD 550.
Part-time jobs
Students can work up to 20 hours per week during their semesters in the USA. Some of the highest paying part-time jobs in the US include Sales Representatives, Call Centre Representatives, Tutors, Librarians, etc.
Starting salary
The starting salary for finance jobs depends on various factors such as level of education, job title, company, etc. Based on these factors, it can range from USD 72K to USD 100K per year.
2. United Kingdom
The United Kingdom is the global financial hub making it an attractive destination to pursue finance education abroad. Many world-class institutions like the University of Cambridge, Oxford University, London Business School, etc., offer unparalleled opportunities for students to grow their careers and access a huge network of finance professionals.
Top universities
Top Universities | QS World University Rankings 2024 |
University of Oxford | 4 |
London Business School | 13 |
University of Cambridge | 7 |
Imperial College London | 20 |
The London School of Economics and Political Science | 6 |
Top finance courses
- B.Sc in Finance
- M.Sc in Finance
- Master of Finance
Average tuition fees
- For Bachelor’s Degree in Finance: £15,000 to £35,000 yearly.
- For Master’s Degree in Finance: £25,000 to £45,000 yearly.
Student visa cost
The cost of obtaining a student visa for the UK is approximately £363 plus health surcharge based on individual profile.
Part-time jobs
International students in the United Kingdom can work up to 20 hours per week during their semesters and up to 40 hours per week during their semester breaks. The highest paying part-time jobs in the UK include waiter, tutor, lab assistant, etc.
Starting salary
Depending on the level of education and type of course, a finance student can earn a base pay ranging from £32K to £63K per year.
3. Canada
Canada’s diverse learning environment and multicultural and robust financial market make it a perfect destination for pursuing a master’s and bachelor’s in finance.
The best part about studying finance in Canada is the availability of high-paying jobs after completing the course. With in-demand positions like Financial Analysts, students can earn up to CAD 80k-85k per year, in the initial phase of their careers.
Top Universities
Top Universities | QS World University Rankings 2024 |
University of Toronto | 15 |
University of British Columbia | 26 |
McGill University | 48 |
University of Alberta | 101-150 |
Top finance courses
- Master of Finance
- Chartered Financial Analyst (CFA)
- MBA/BBA in Finance
Average tuition fees
- For Bachelor’s Degree in Finance: CAD 15,000 to 50,000 yearly.
- For Master’s Degree in Finance: CAD 30,000 to CAD 88,000 yearly.
Student visa cost
The student visa cost for Canada is approximately CAD 150 to CAD 160.
Part-time jobs
Part-time jobs are readily available for international students in Canada. Such jobs allow them to manage their living expenses during their studies. Some of the best part-time jobs in Canada include dog walker, tutor, customer representative, etc.
Starting salary
The estimated base pay for finance jobs in Canada ranges from CAD 52K to CAD 88K.
4. Australia
Australia is known for offering some of the best finance study programs in the world. It is an emerging financial hub with ample perks like higher salaries, great work-life balance, notable social security benefits, and more.
Studying in Australia provides a high return on investment (ROI) due to its abundant career opportunities compared to other countries.
Top universities
Top Universities | QS World University Rankings 2024 |
University of New South Wales | 20 |
University of Melbourne | 24 |
University of Sydney | 28 |
Monash University | 35 |
Australian National University | 42 |
Top finance courses
- B.Com in Finance
- M.Com in Finance
- Master of Applied Finance
Average tuition fees
- For Bachelor’s Degree in Finance: AUD 20,000 to AUD 50,000 yearly.
- For Master’s Degree in Finance: AUD 22,000 to AUD 50,000 yearly.
Student visa cost
The total cost of obtaining a student visa for Australia is around AUD 650 to AUD 700.
Part-time jobs
There are plenty of part-time jobs available for international students in Australia. However, students are limited to 48 hours of work within 15 days.. The highest paying student jobs in Australia include caregivers, tutors, servers, kitchen helpers, etc.
Starting salary
After completing their finance studies in Australia, freshers can earn between AUD 70K and AUD 100K.
5. Singapore
Singapore is considered the top financial centre of Asia and a world leader in terms of innovation and economic growth. Moreover, the government of Singapore promotes finance education by offering several incentives and scholarships to attract international students.
By completing your finance degree in the diverse educational landscape of Singapore, you can ensure a successful and fulfilling career.
Top universities
Top Universities | QS World University Rankings 2024 |
National University of Singapore | 14 |
Nanyang Technological University | 22 |
Tsinghua University | 25 |
Singapore Management University | 59 |
Top finance courses
- M.Sc in Financial Management
- BBA in Finance
- Chartered Financial Analyst Program
Average tuition fees
- For Bachelor’s Degree in Finance: SGD 10,000 to SGD 75,000 yearly.
- For Master’s Degree in Finance: SGD 20,000 to 45,000 yearly.
Student visa cost
The cost of obtaining a student visa for Singapore is around SGD 60 to SGD 90.
Part-time jobs
Although part-time jobs are available in Singapore, there are certain restrictions on students. This is mainly to prevent students from hampering their studies due to work.
Starting salary
The average base pay range for finance professionals in Singapore is SGD 3,000 to SGD 6,000 per month.
6. Germany
Germany is known for its world-class education system. It is home to some of the most reputed universities in the world offering a wide range of finance-based programs. Germany is the best country for Indian students who want to study finance abroad but have a limited budget. Plenty of reputed public universities offer finance programs at zero tuition fees.
Top universities
Top Universities | QS World University Rankings 2024 |
Universität Mannheim | 81 |
Ludwig-Maximilian Universität | 92 |
Goethe University Frankfurt am Main | 101-150 |
Humboldt Universität | 101-150 |
Technical University of Munich | 101-150 |
Top finance courses
- M.Sc in Finance
- B.Sc in Finance
- MBA in Finance
Average tuition fees
- For Bachelor’s Degree in Finance: From no tuition fees at public universities to up to €15,000 annually at private universities.
- For Master’s Degree in Finance: €10,000 to €17,000 per year (at private universities), no tuition fee at public universities.
Student visa cost
The cost of obtaining a German student visa is around €75 to €80.
Part-time jobs
In Germany, students can work 20 hours per week or up to 80 hours per year during their studies. Some of the highest-paying part-time jobs in Germany are receptionist, delivery driver, tutor, kitchen staff, etc.
Starting salary
The average salary for finance in Germany is around €66,000 per year. Most fresh graduates can earn a base pay ranging from €46,000 to €75,000 based on their level of education and expertise.
7. Switzerland
Switzerland has a reputation for its proficiency in the banking and financial sector making it one of the best countries to study finance abroad. With a growing economy and multicultural society, Switzerland provides a wonderful environment for finance enthusiasts to study and grow their careers.
Top universities
Top Universities | QS World University Rankings 2024 |
ETH Zurich | 40 |
University of Zurich | 87 |
University of St. Gallen | 88 |
University of Lausanne | 101-150 |
University of Geneva | 201-250 |
Top finance courses
- Executive Masters in Finance
- M.Sc in Banking and Finance
- B.Sc in Banking and Finance
Average tuition fees
- For Bachelor’s Degree in Finance: CHF 20,000 to 40,000 per year.
- For Master’s Degree in Finance: CHF 11,000 to 44,000 per year.
Student visa cost
The cost of getting a Switzerland student visa ranges from CHF 88.
Part-time jobs
The hourly pay rates of part-time jobs in Switzerland are very impressive compared to other countries. Most students take up jobs in tutoring, hospitality, office management, etc., to sustain a comfortable lifestyle in Switzerland.
Starting salary
The starting salary for finance in Switzerland ranges from CHF 97K to CHF 100K yearly. Please note that the salary can vary based on education level, job profile, location, and other factors.
8. France
Paris is the financial capital of Europe, no wonder why it is the dream destination of students planning to build their careers in France and globally. Studying finance in France opens doors to global markets and interactions with multinational financial firms.
Besides, studying in France also allows you to become a part of the vibrant culture of the country and add to your lifetime experiences.
Top universities
Top Universities | QS World University Rankings 2024 |
HEC Paris Business School | 18 |
INSEAD | 41 |
Université PSL | 57 |
ESSEC Business School | 74 |
Université Paris 1 Panthéon-Sorbonne | 79 |
Top finance Courses
- B.Sc in Finance
- M.Sc in Financial Engineering
- BBA/MBA in Finance
Average tuition fees
- For Bachelor’s Degree in Finance: €10,000 to 35,000 yearly.
- For Master’s Degree in Finance: €12,000 to €40,000 yearly.
Student visa cost
The student visa cost for France is around €99.
Part-time jobs
Students’ jobs in France are available in abundance. Students can earn enough to cover their necessary expenses while studying. The most popular part-time jobs include language instructors, waitstaff, tutors, receptionists, tour guides, etc.
Starting salary
The estimated base pay range for finance in France is €40K to €60K yearly. In addition, an additional cash compensation ranging from €3K to €10K is also offered above the salary.
9. Netherlands
The Netherlands is known for its fast-forward and innovative approach to the financial sector. There are many business schools with moderate fees to set up a successful career in banking and finance. Besides, there are many other advantages of studying in the Netherlands. These include a higher quality of life, affordable living costs, and a multicultural environment.
Top universities
Top Universities | QS World University Rankings 2024 |
Erasmus University Rotterdam | 42 |
University of Amsterdam | 49 |
Tilburg University | 61 |
Maastricht University | 151-200 |
University of Groningen | 151-200 |
Top finance courses
- B.Sc in Finance
- M.Sc in Financial Management
- Master of Financial Management
Average tuition fees
- For Bachelor’s Degree in Finance: €8,000 to 10,000 per year.
- For Master’s Degree in Finance: €8,000 to €20,000 per year.
Student visa cost
The student visa fee for the Netherlands is around €80 to €100.
Part-time jobs
Although many part-time jobs are available for international students, They’re limited to 16 hours of work per week during semesters.
Both on-campus and off-campus jobs are available -such as Student Assistants, cashiers, waiters, delivery agents, babysitters/senior caregivers, etc.
Starting salary
The starting salary range for finance jobs in the Netherlands is around €50K to €80K per year. The pay range can vary based on job profile, location, work experience, education level, and more.
10. Hong Kong
Hong Kong, the Special Administrative Region of China, is the most prominent financial region in the world.
This Asian city is home to thriving financial firms, banking institutions, trading markets, etc. offering a rich practical experience to students enrolled in its finance universities.
Top universities
Top Universities | QS World University Rankings 2024 |
University of Hong Kong | 31 |
The Hong Kong University of Science and Technology | 34 |
The Chinese University of Hong Kong | 36 |
Hong Kong Polytechnic University | 61 |
The City University of Hong Kong | 70 |
Top finance courses
- BBA in Finance
- Master in Finance
- Chartered Financial Analyst (CFA) Program
Average tuition fees
- For Bachelor’s Degree in Finance: HKD 100,000 to HKD 200,000 yearly.
- For Master’s Degree in Finance: HKD 90,000 to HKD 265,000 yearly.
Student visa cost
The cost of obtaining a student visa for Hong Kong is around HKD 200 to HKD 250.
Part-time jobs
Similar to other countries, international students can take up part-time employment to support their living expenses while studying. The most popular student jobs in Hong Kong are waitstaff, retail sales assistants, officer admins, tutors, etc.
Starting salary
The starting salary of finance professionals in Hong Kong ranges from HKD 18K to HKD 40K per month. Besides, an additional cash compensation ranging from HKD 2,700 to HKD 6,600 (approximately) can be expected.
Other upcoming emerging countries to study finance abroad
Apart from the ones listed above, many other countries have started offering great undergraduate and postgraduate programs for finance. Some of the best ones are as follows:
- UAE
- China
- Brazil
- Malaysia
- South Africa
Top 10 highest paying jobs in finance
Job title | Annual salary range (USD) |
Chief Financial Officer (CFO) | $330,800 to $560,200 |
Chief Compliance Officer (CCO) | $206,001 to $290,201 |
Hedge Fund Manager | $123,771 to $153,016 |
Portfolio Manager | $99,990 to $140,240 |
Economist | $80,149 to $108,947 |
Insurance Advisor | $73,393 to $91,484 |
Management Analyst | $73,393 to $91,684 |
Financial Analyst | $71,000 to $103,000 |
Investment Banker | $56,759 to $479,332 |
Tax Accountant | $49,965 to $108,940 |
Why is Instarem the best Option for International students?
Pursuing a career in Finance abroad is rewarding. However, the study abroad brings challenges of its own.
One of the most common issues encountered by international students abroad is making cross-border fund transfers. Issues like hefty exchange rates, security threats, higher transaction costs, etc., cause a lot of inconveniences.
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Before you go…
Finance is among the most attractive career options in the world. From increasing job opportunities to high-paying salaries, there are many benefits to pursuing finance in foreign countries.
But to enjoy these perks and ensure a successful future, it is important to pursue the right course from the right university and the best destination.
We have listed the best countries to study finance in 2024 to help you take the first step. Now it’s your turn to make an informed decision by choosing the best destination based on your goals, preferences and budget.
FAQ’s
Q. Which country is best for finance?
The US is one of the best countries to study finance as it has top ranking universities like Stanford, Harvard, MIT, etc.
Q. Which field of finance is most in demand?
While all finance-related specialisations are popular, profiles like financial analysts, financial examiners, Fintech officers, etc. receive an increasing demand.
Q. Is finance a good career abroad?
Yes. Finance is an excellent career option abroad due to the increasing demand for finance professionals worldwide.
Q. Which country is the cheapest to study master’s in finance abroad?
Germany is one of the cheapest countries to study finance. Most public universities in the country offer a wide range of finance programs at zero tuition fees.
Q. Can I study finance after 12th abroad?
Yes. After completing your 12th, you can enrol into undergraduate programs like B.Sc, BBA, B.Com with Finance as a major.
Q. Which country is best to pursue masters in finance abroad with a scholarship?
The USA, Germany and Australia are some of the best countries that offer plenty of scholarships for master’s programs in finance.
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Citations:
- https://www.robertwalters.be/insights/hiring-advice/blog/hiring-trends-accounting-finance.html
- https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm
- https://www.bls.gov/ooh/business-and-financial/home.htm
Disclaimers:
This article is intended for informational purposes only. All details are accurate at the time of publishing. Instarem has no affiliation or relationship with the products or vendors mentioned.
*Fast meaning 75% of our transactions are completed in 15 minutes. Depending on the funding method.
@ When it comes to affordable exchange rates and fees, it’s worth noting that the cost will vary depending on how you choose to fund your transactions. Credit card funding and bank transfer fees can differ significantly.
Note: Fees, student visa cost, starting salary, rankings, and average cost of living are taken from different websites on 31th May 2024 and are subject to change.
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