The study of finance today is impossible to separate from its global context. By earning your finance degree abroad you will have an invaluable educational experience that will not only deepen your insight into the academic concepts behind this important field, but also expose you firsthand to the dynamics of trade, cross-cultural exchange, and international investments which increasingly drive our global economy.
Why Earn Your Degree Abroad
Even if you are not studying international finance, it is becoming more and more important to understand the field within its global context. As companies continue to go multinational and economic barriers continue to fall, financial professionals need to have an in depth knowledge of the international forces that are driving this phenomenon. Earning your finance degree abroad is the perfect way to begin untangling this highly complex global field through rigorous study, careful observation, and let’s face it, a whole lot of fun on the side.
As an international student of finance you have the luxury of choosing from hundreds of potential destinations where to earn your degree abroad. Regardless of economic standing, universities all over the world treat finance as an area of serious academic study. Choose wisely, however, because where you earn your finance degree abroad may very much affect the content of your education.
For example many students choose to earn their finance degree abroad where the money is. Nations such as the United States, England, Germany, China, and Japan are all extremely influential within the global economy, and also happen to boast some of the most prestigious financial programs in the world. Major global cities such as New York and London offer an even more concentrated financial environment where students of the subject can thrive.
A much different approach to the study would be to earn your finance degree abroad in a developing country. Nations such as India, Thailand, and Peru have rapidly growing economies but still deal with heavy burdens of poverty and economic inequality. Whereas earning a finance degree abroad in the wealthy countries will train you in high level investment opportunities, studying in a developing country may focus more on microfinance and strategies for baseline development.
Academics & Degrees
Finance is an overarching discipline that encompasses investments, money management, and the dynamics of assets and liabilities over time. Within this framework there are many different areas that you can choose to focus while earning your finance degree abroad. Personal finance, corporate finance, and public finance are a few examples of the directions you can go throughout the duration of your studies and beyond.
Finance is a commonly conferred degree at the undergraduate, Master’s, and doctoral level. The undergraduate degree will require three or four years of study, covering many basic concepts within the interdisciplinary fields of mathematics, accounting, economics, and social sciences. Master’s degrees require one or two years of study on top of this, where you will usually have the opportunity to specialize in a specific sub discipline. Doctoral degrees can last for up to several years and are generally for those want to continue mastering the field as an academic discipline.
While English speaking programs are available in many countries around the world, earning your finance degree abroad can be infinitely more rewarding if you combine it with the study of your country’s native language. Becoming bilingual will open up huge opportunities down the road in the world of finance!
Benefits & Challenges
Global Insight. Earning your degree abroad in finance will enable you to inherently consider this discipline within its international context, a very important insight to develop as we continue steering into the 21st century.
Intercultural Communication. Communication is a very valuable skillset to develop within the field of finance, as you will be interacting with people from all different cultural and national backgrounds. Earning your finance degree abroad will challenge you daily to improve in this realm.
Eye Witness. There is only so much you can learn from reading texts in a classroom setting. Actually going out and studying the forces of economic globalization through firsthand observation will greatly enhance your studies.