A graduate program in finance is ideal for candidates who want to pursue a career in the banking and financial services. Managers or accountants in public and private organizations who want to widen their skill base are also perfect for this graduate program. Managers who have worked in the financial services industry, candidates who have practical experience in banking and finance and finance professionals will always be welcome in top graduate universities.
To enroll in a top university's finance graduate candidates will need a high-bachelor's degree or recognized equivalent from an accredited institution. Undergraduates who have worked in their chosen field are considered an additional perk in the selection process. Besides, reputed international universities require applicants to take the Graduate Record Examination (GRE).
In the case of a PhD program, the candidate requires a Masters degree in Finance or Financial Accounting or in a closely related field. The doctoral programs last up to four years in major universities.
WHAT SKILLS WILL I ACQUIRE?
A graduate course in finance in many universities involves practical application of methods and techniques in areas like banking, finance and business. It also enhances your research mind allowing you to proceed for a PhD program.
While some graduate courses offer a more technical program like the MSc (Master of Science), including areas like financial econometrics where you need a strong mathematical and statistical background; there are others that are less technical which give you a MA (Masters of Arts) degree. An MA course is suited to those who want a non-quantitative approach to the subject.
An MSc Finance equips you with a strong foundation in the theoretical aspects of finance. It provides you with skill and experience that employers may want. It prepares students for careers in corporate finance and in financial management. The program covers the fundamentals of finance and teaches the principles and practice of finance and the tools required to make good financial decisions at a managerial level in an international setting.
There are various departments to specialize in when you are undertaking a graduate course in finance such as bank financial management dealing with financial principles and cases that accelerate decision making in financial organizations; bank strategy and performance; corporate risk management studying the utility functions to ascertain an individual's tolerance to risk and how individual decisions can have an impact on the firm, including analysis of catastrophic risk futures and managing losses in the insurance industry; financial accounting and financial analysis; financial econometrics; international financial management; international financial markets; research methods; and financial engineering.
In addition, a graduate financial degree prepares you for the Chartered Financial Analysts (CFA) exam and covers related fields such as management and control systems business law, corporate governance and private equity investment. In fact, certain MSc Finance courses receive special recognition for partnering with CFA and the CFA Institute.
POST QUALIFICATION CAREERS
A graduate course in finance automatically accelerates your career especially in the finance industry. Most MSc graduates move on to become investment bankers. Besides, there is a wide variety of employment including professional firms, finance, real estate research, consultancy, the public sectors and education. It's also a degree that you should undertake if you're interested in corporate finance positions within international companies at a management, control or decision-making level.
With an MSc Finance from a top university, you can get a secured career in global companies like Lehman Brothers, Goldman Sachs, ING, Morgan Stanley, JP Morgan.
A finance graduate can embark on a variety of careers including insurance, securities, commodities and other investment areas. And a graduate degree in finance provides you with just the expertise you might need to gauge the complicated business environment and become an indispensable candidate to your future employer.