Why Study Accountancy Abroad? Most of our minds circulate around subjects that sound very important such as Engineering or Medical Science. Technology does involve understanding of complex structures, mechanisms and upgrades but there are some simple subjects that play a vital role in day to day lives as well as on a global scale. For example, where Information Technology plays a huge part in the development and services of products worldwide, there is also the administration part that plays a triggering role in the birth of many projects. Administration part such as finances is a very critical criterion in all types of industries across the globe. Every small and big projects start with finance. Allocation of budget, resources, and actual planning, estimated planning are some components that have to be mandatorily charted out to the client in order to arrive at an agreement to start working on the project. Taxation is another face of finance. Taxation has become a serious scrutiny in everybody’s lives considering the amount of hidden money and funds that transacts in the shadow every day.
Despite the economic downturns, accountancy is a field that has stayed guaranteed and more stable than any other field. Unlike other fields in Business Administration, Finance is a denser area which requires narrow focus and finance graduates get a unique opportunity to interact with important decision makers from other outside organizations such as stockholders, banks, suppliers and more. Relatively, a finance degree is quite hard and challenging to acquire. This one quality can set students apart from students in other fields. Not only do students need to be extremely good in calculations, but personality is a great driving factor that needs to be acquired by the student over the course. Only by being inquisitive and outgoing can a student excel in communicating what is necessary and what is not.
Why Study Accountancy Abroad?
Although the subject might be diverse and might have a lot to learn from, the place of study is equally critical for a student to walk the right path. A student aspiring to study and master Finance by settling for any university that has the subject will not suffice. He/she has to aim higher for universities that not only excel in teaching the subject but also provide the infrastructure and environment to learn the subject. It is essential for students to get practical and real time examples of the subject in order to absorb concepts easily and also implement them if necessary. Almost all the universities abroad follow the practical way of teaching any subject for that matter and ensure the students assimilate concepts and find a way to implement them in the real world. Furthermore, all the colleges abroad have a multicultural society where students come to study from all parts of the world. This gives an opportunity for the students to interact with different people and may be even understand the concepts of the respective country’s financial background, structure and data.
Study abroad definitely gives a unique experience for students to become one with the subject they choose to study. Unlike colleges that expect students to memorize concepts or write theories, universities abroad require students to really demonstrate the concepts or apply it with practical experience. Needless to say, a degree attained abroad is always globally recognized and is given high priority for employment as the firm/company recognizes the experience the graduate would have acquired over four years by studying subjects practically, learning to interact with other students and more importantly, experiencing independent management. All these factors give students the edge they need to excel in this field.
Courses And Universities
Generally, a finance course lets a student acquire some skills such as analytical, knowledge of economic models, numerical skills, paying attention to details and accuracy and ability to work with figures and statistics. As far as undergraduate programs in finance are concerned, below are some of the popular subjects a student might learn throughout the four year program.
- Principles of Finance
- Banking
- Investments
- Corporate Financial Management
- International Business and Finance
- Microeconomics and Macro-economics
- Managerial Accounting
Some universities abroad let students do internships during the summer in finance related institutions, namely investment and banking firms. Some programs in universities also let students focus on a specific sub-discipline inside Finance Financial planning, financial services, Risk Management, to name a few. There are hundreds of colleges around the world that provide bachelor courses in finance. Most of the universities are top-notch in faculty, infrastructure and education system. Here are some of the many top or dream colleges that a potential finance graduate might want to get into.
- Harvard University
- London School of Economics and Political Science
- University of Oxford
- University of Cambridge
- Massachusetts Institute of Technology
- Stanford University
- University of Melbourne
- University of California, Berkeley
- University of Sydney
- University of Chicago
These are only a handful of the top colleges providing finance degrees. There are hundreds others that provide equally good education and that are globally recognized. A degree attained from any of those universities is guaranteed to boost a student’s career sky high and get the best place in the early start of the career. However, it is up to the students to go ahead to choose employment or study further to master a specific subject under finance. Either way, this field is set to get a student go places and start his/her career on a high note.
Pre Requisites And Career Prospects
For a student who is aspiring to take up finance on an undergraduate level, he/she must have completed twelve years of education including high school. However, the scores slab depends on the university’s requirements. Depending on whether the student has completed education from an English background, it is required to produce language proficiency test scores to universities. Tests such as IELTS and TOEFL are universally accepted in all universities across all countries. However, some countries require the language proficiency test regardless of the background. A consultation directly with the university or an educational planner can help understand on a detailed basis. Employment opportunities are limitless. Actuary, Stockbroker, Investment Banker and Chartered Accountant are some of the most popular job options available across the globe.