Did you know that the average annual salary of accounting and finance professionals abroad ranges from $60,000 - $80,000?
Wondering how? Pursuing accounting and finance courses abroad can help you.
Accounting is the study of analysing and recording finance-based data, organising internal audits, and maintaining the financial records of a business. It plays a significant role as accounting contributes to the seamless functioning of an organisation.
Finance is the study of monetary assets and their management through various activities and practices. This involves budgeting, financial planning, risk management, and investment.
Accounting and finance have a vast scope and continue to evolve with changes in the global economy and technological advancements like fintech.
As individuals and businesses experience complex financial landscapes, the demand for skilled accounting and finance professionals is consistently growing.
Here are some benefits of pursuing a career in accounting and finance:
- Accounting and finance open opportunities in organisations across various sectors, including banking, technology, e-commerce, healthcare, and more.
- Graduates with a bachelor’s or master’s in accounting and finance can pursue careers as Chartered Accountants, Auditors, Business Development Managers, Data Analysts, Tax Accountants, Financial Analysts, Bank Managers, and Investment Bankers, among other job profiles.
- Careers in accounting and finance provide a competitive salary. The average annual salary for accounting and finance professionals ranges from $60,000 to $80,000.
Enhance your future with accounting and finance courses. Discover the perfect institution to boost your education and skills.
In this article, we’ll look at
- How to pursue accounting and finance courses abroad
- Admission requirements and costs
- Top universities and courses for accounting and finance
- Various career opportunities
Let’s get started.
Table of Contents
- Accounting and finance courses: Highlights
- Why should you study accounting and finance courses abroad?
- Entry requirements for accounting and finance courses
- Top universities to study accounting and finance courses
- Top accounting and finance courses
- Cost of studying accounting and finance courses
- Student visa costs for international students
- Career opportunities after pursuing accounting and finance courses abroad
- Get ready to study abroad
- FAQs:
- What qualifications do you need to be an accountant in the UK?
- Which accounting course is best in the USA?
- How much does an accounting course cost in the UK?
- Where can I study accounting and finance in Canada?
- Where can I study accounting and finance in the USA?
- Why UK is best for accounting and finance?
- Is accounting a good career in Canada?
Accounting and finance courses: Highlights
| Course mode | Full-time (on-campus) |
| Course duration | 1-4 years |
| Educational qualifications | Students with a finance, accounting or business background, or any related courses can pursue accounting and finance courses abroad. |
| Minimum English proficiency and entrance exam requirements | IELTS: 6.5 or TOEFL: 80 |
| Fees range | $2,300 - $38,000 |
Why should you study accounting and finance courses abroad?
Before we dive deep into studying accounting and finance courses abroad, let’s understand the importance of pursuing these courses.
- Quality education - Studying accounting and finance courses abroad provides access to top-notch faculty, advanced facilities and technologies, ensuring a comprehensive learning experience.
- Global community - By pursuing accounting and finance courses abroad, students can be part of a global academic community that encourages research and entrepreneurship, providing international exposure.
- Industry connections - Many universities abroad have close ties with industry leaders and offer internships and networking events. It enables students to gain practical experience, connect with industry professionals, and increase their chances of securing internships and full-time job roles.
- Post-graduation work opportunities - International students can gain work experience after completing their studies, through post-study work visas.
Excited to begin your study abroad journey? Apply for the upcoming intake today!
Entry requirements for accounting and finance courses
In addition to the eligibility criteria, universities abroad need other documents to proceed with your application. Make sure you have the below-mentioned documents.
- Academic transcripts
- Letter of Recommendation (LOR)
- Statement of Purpose (SOP)
- Resume or Curriculum Vitae (CV)
- Passport
- Admissions test results
- English language proficiency test scores
- Proof of funds
- Visa
Top universities to study accounting and finance courses
Here are some top universities to study accounting and finance courses abroad.
| University | Tuition fees per year | Minimum English proficiency and test score requirements |
|---|---|---|
| Arizona State University | $14,775 - 45,000 | IELTS - 6.5 or TOEFL - 80 |
| University of Colorado Denver | $19,028 - 27,958 | IELTS - 6.5 or TOEFL - 80 |
| University of Nebraska Omaha | $21,718 | IELTS - 6.5 or TOEFL - 80 |
| University of North Texas | $19,571 - 21,990 | IELTS - 6.5 or TOEFL - 80 |
| Conestoga College | CAD 14,163 | IELTS: 6.0 |
| Cégep Marie-Victorin | CAD 16,000 | IELTS: 6.0 |
| Saskatchewan Polytechnic | CAD 19,500 - 21,800 | IELTS: 6.0 |
| Trent University | CAD 19,110 - 38,130 | IELTS: 6.0 |
| University of Exeter | £20,100 - 31,000 | IELTS: 6.5 |
| University of Leicester | £18,200 - 23,650 | IELTS: 6.5 |
| University of Essex | £16,230 - 22,400 | IELTS: 6.5 |
| Brunel University | £18,410 - 24,000 | IELTS: 6.5 |
| Bangor University | £16,000 - 18,300 | IELTS: 6.5 |
| Birmingham City University | £13,200 - 18,557 | IELTS: 6.5 |
| Heriot-Watt University | £17,752 - 20,376 | IELTS: 6.5 |
| Sheffield Hallam University | £15,860 - 16,385 | IELTS: 6.5 |
| Coventry University | £15,300 - 22,550 | IELTS: 6.5 |
Related articles
Top accounting and finance courses
Get ready to pursue some of the top accounting and finance courses abroad. These include bachelor’s and master’s in accounting and finance.
Related: Banking courses in UK
Cost of studying accounting and finance courses
The cost of studying accounting and finance courses abroad can vary depending on several factors, such as the university, program duration, location, and lifestyle choices. Here are some key points to consider regarding the cost of studying accounting and finance courses abroad:
Tuition fees - The tuition fees for accounting and finance courses abroad can vary significantly depending on the university. Accounting and finance courses abroad can range from $15,000 to $45,000.
Living expenses - The cost of living can vary depending on the location and lifestyle choices. Major cities tend to have higher living costs than smaller cities or towns. Your choice of country plays a huge role in deciding your finances, as the living expenses differ for each country.
Websites like Numbeo provide the cost of living for countries across the globe. The tuition fees and travel expenses also add to the finances.
The average annual costs of living for international students in various countries are as follows:
| Country | Average cost of living (per year) |
|---|---|
| The United Kingdom | £12,000 - £15,000 |
| The United States | $10,000 - $18,000 |
| New Zealand | NZ$20,000 - NZ$27,000 |
| Australia | AUD 25,000 - AUD 35,000 |
| Ireland | €7,000 - €12,000 |
| Canada | CAD 9,500 - CAD 12,000 |
This includes the costs for accommodation, food, transportation, and other personal expenses.
Health insurance - International students must have health insurance coverage. On average, health insurance costs for international students can range from $500 to $2,000 per year, depending on the country, plan and coverage.
Additional expenses - Students should also calculate the budget for additional expenses such as textbooks and study materials, transportation, entertainment, and personal expenses.
To balance your finances, you can work part-time, or find internships. This will add to your professional experience during your study period, and also reduce financial stress.
Also read: Your step-by-step guide to finding an internship abroad
Student visa costs for international students
The student visa cost will vary depending on where you want to study. Here are the costs for popular countries:
| Visa | Cost |
|---|---|
| UK student visa | £363 |
| USA student visa | $510. This is for the F1 student visa and includes a $350 SEVIS fee and a $160 application fee. |
| Canada student visa | CAD 235. This includes the application fee of CAD 150 and the biometrics fee of CAD 85. |
| New Zealand student visa | NZ $530. This figure will vary depending on where you’re applying from. |
| Australian student visa | AUD 710 |
| Ireland student visa | €60 |
Students can get post-study work visas that help them stay in the country after graduation for a specific time and look for job opportunities. The following table shows the duration of stay in various countries after graduation.
| Country | Name of post-study work visa | Length of time to stay in the country |
|---|---|---|
| UK | Graduate visa | 2 years |
| USA | Post-completion Optional Practical Training (OPT) | 1 year |
| Canada | Post-graduation work permit (PGWP) | 3 years |
| New Zealand | Post-study work visa | 3 years |
| Australia | Temporary Graduate visa | 2 years |
| Ireland | Third level graduate programme | 2 years |
Also read: Top 10 career courses
Career opportunities after pursuing accounting and finance courses abroad
| Job role | Annual salary (in USD) |
|---|---|
| Business Development Managers | $95,000 |
| Data Analysts | $90,000 |
| Tax Accountants | $100,000 |
| Financial Analysts | $80,000 |
| Bank Managers | $100,000 |
| Investment Bankers | $85,000 |
(The above salary ranges are approximate values taken from various sources.
Sources: LinkedIn and Google)
Apply for the upcoming intake today!
Get ready to study abroad
At Edvoy, we pride ourselves on simplifying the study-abroad process for students. With comprehensive guidance, we'll assist with
- Finding the ideal study abroad programs
- Selecting universities with connections to global industries
- Navigating the application process for both studies and internships
- Overcoming challenges like visa requirements and language barriers
- Maximising the learning, cultural immersion, and long-term career benefits
Explore universities and courses with our platform.
Edvoy helps you turn your aspirations into a global education journey, making your decision process seamless. Discover the perfect institution to boost your educational experience.
Start your study abroad journey with Edvoy. Get in touch with a friendly Edvoy Counsellor and download the app today.
FAQs:
We've collated answers to commonly asked questions to assist you in your study abroad journey. Find your answers below!
What qualifications do you need to be an accountant in the UK?
Students with an accounting and finance degree, a business background, or any related courses can pursue careers as an accountant in the UK. It is even better if you have a master’s in accounting and finance.
Which accounting course is best in the USA?
Some of the best accounting courses in the USA are
- MS Accounting - Sacred Heart University
- MBA Accounting - Texas Wesleyan University
- BSBA Accounting - Trine University
- BS Accounting - University of Idaho
- M.S.A. Accounting - Kent State University
- BS/MS Accounting/Data Analytics and Accounting - State University of New York Plattsburgh
- Master of Accounting - University of Idaho
How much does an accounting course cost in the UK?
Accounting courses in the UK have a tuition fees range of £4,000 - £33,000 per year.
Where can I study accounting and finance in Canada?
Some of the top universities for accounting and finance courses in Canada are
Where can I study accounting and finance in the USA?
Some of the top universities for accounting and finance courses in the USA are
- North Seattle College
- Contra Costa College
- Arizona State University
- University of Colorado Denver
- University of Nebraska Omaha
- University of North Texas
Why UK is best for accounting and finance?
- Accounting and finance courses in the UK provide enough resources and facilities for international students to gain the required knowledge in the accounting sector.
- Accounting and finance courses in the UK are structured to provide a strong foundation in the subject for students. The courses offer excellent career prospects. Graduates with accounting and finance degrees are in high demand in various industries, including banking, consulting, and accounting firms.
- The UK has a significant financial and accounting background. It is home to many multinational companies, making it an attractive location for graduates to pursue a career in accounting and finance.
Is accounting a good career in Canada?
The accounting sector is a well-established field with plenty of employment opportunities for international students in Canada. The courses are structured to offer the finest academic experience and provide great knowledge and skills.
