Foreign education is a dream for many, but the journey to a dream institution is not easy and requires a lot of planning, hard work, and financial resources. For students who are planning to pursue their higher education in finance, the United Kingdom is a financially viable option with world-class institutions in the field, according to the research by Financial Times.
Masters in Finance from United Kingdom’s reputed educational institutions have an average cost of $58,000, whereas it is nearly $80,000 from institutions in USA/Canada. The cost of a Master’s in Finance is nearly $35,000 in Mainland Europe. In Asia Pacific, it is around $60,000, according to the recent Financial Times Survey.
Talking about the colleges providing the best financial education, five French schools top the list of 14 prepared by the survey. École Supérieure de Commerce de Paris (ESCP Business School) tops the list, led by HEC Paris, and France’s Skema and Edhec.
The Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University and Peking University’s Guanghua School of Management both witnessed a jump in their rankings and entered the top 14 list. ISEG — Lisbon School of Economics and Management witnessed the highest jump in its ranking from 23rd to 11th.
In the Financial Times ranking, top position was held by University of St Gallen, Switzerland. Second position was held by Lund University School of Economics and Management (Lusem), Sweden. Third position was held by Tilburg University, School of Economics and Management, Netherlands.
Less interest in jobs and more in founding startups
The research indicated that more of the earlier graduates were interested in starting their own company rather than working in a major MNC.
“Early career graduates showed less interest in working overseas and starting their own companies,” stated Financial Times in its research article.
The list includes a total of 55 schools and the ranking is based on the placement and salary package provided by companies to these institutions’ alumni, and their opinion about how far they have achieved their aims. The data is collected from alumni and schools that agree to participate.
Most of the alumni said that they were employed in the financial sector, with the majority in investment banking, private equity, and asset management.
