What is a Finance degree?
Finance is one of the most famous degrees in business education higher study. In the United States just in 2020-2021, it is reported that 57,778 degrees were bestowed on just finance degrees. A finance degree prepares a student to manage banking, economics and trading activities. Finance is the study of assets and money management. By Studying this degree a student builds insight into the financial flow of an institution and can take decisions on financial activities and planning.
Why Study Finance degrees In Malaysia?
Malaysia is one of the prominent Asian countries providing magnificent higher education to both local and international students. This country is the home of many universities which belong to the world’s top 500 universities. Yet these universities are very much affordable to the students where they can achieve UK, Australian and Canadian standards of higher education with just one-third of their tuition fees.
According to the NCES, the average tuition fee for this valuable degree in the bachelor programme is $37,600 whereas it is just $12000 to $15000 in Malaysia.
As students will be able to achieve this degree from the world’s renowned education with just the same tuition fee as local universities having no ranking at all, it is the best idea to pursue this valuable degree from Malaysia.
If we discuss it from the lens of an Academic perspective we see that the universities in Malaysia have good linkage with world-class financial institutions which is why students can enjoy lectures from many top-ranked executives of multinational companies. Besides, the faculty members are very experienced and courses are designed based on international demand. On the other hand, the Malaysian Qualifications Agency is responsible for scrutinising the quality of courses provided by the universities. This ensures that the recognised universities will serve the precise courses and facilities for both local and international students.
What Skills Do You Need To Study Finance degrees?
A finance degree is related to financial flow and money management. Based on the market activities a finance expert has to take proper decisions on investment and assets management. That is why a finance expert needs to be very sharp in taking decisions and analysing problems. So the major skills a student needs to have if he/she wants to pursue this field as a career. These are-
- Interpersonal skills
- Ability to communicate
- Reporting skills
- Business savvy
- Analytical knowledge
- Problem-solving skills
- Technology expertise
- Capacity for innovation
Top Malaysian Universities Study Finance degrees
Finance degrees Diploma In Malaysia
| University | Location in Malaysia | Programmes offered | Duration | Annual Tuition Fees (USD aprx) |
|---|---|---|---|---|
| Monash University Malaysia | Subang Jaya, Malaysia | Postgraduate Diploma in Business and Commerce | 1 | 9,589 |
| Tunku Abdul Rahman University of Management and Technology | Kuala Lumpur | Diploma In Finance & Investment | 2 | 3,000 |
| MMU – Multimedia University | Cyberjaya | Diploma In Finance | 2 | 3,000 |
| INTI International University | Cyberjaya | Diploma In Finance | 2 | 3,500 |
| UCSI University Malaysia | Diploma In Finance | 2 | 4,500 |
Malaysian Bachelor’s degree in Electrical Engineering
| No | University | Location | Program offered | Duration (Years) | Annual Tuition Fees (USD aprx) |
|---|---|---|---|---|---|
| 1 | Nottingham University, Malaysia | Selangor, Malaysia | Business Economics and Finance BSc (Hons) | 3 | 10,000 |
| 2 | Nottingham University, Malaysia | Selangor, Malaysia | Finance, Accounting and Management BSc (Hons) | 3 | 11,000 |
| 3 | Sunway City, Kuala Lumpur | Sunway City, Kuala Lumpur | Bachelor (Hons) in Finance | 3 | |
| 4 | Sunway College KL | Sunway City, Kuala Lumpur | BSc (Hons) Financial Analysis | 3 | 6,227 |
| 5 | Universiti Tunku Abdul Rahman (UTAR) | Petaling Jaya, Malaysia | Bachelor of Business Administration (Hons) Banking and Finance | 3 | 4,500 |
| 6 | Universiti Tunku Abdul Rahman (UTAR) | Petaling Jaya, Malaysia | Bachelor of Economics (Honours) Financial Economics | 3 | 6,800 |
| 7 | Swinburne University of Technology (Sarawak Campus) | Kuching, Malaysia | Bachelor of Business (Accounting and Finance) | 3 | 7,300 |
| 8 | Swinburne University of Technology (Sarawak Campus) | Kuching, Malaysia | Bachelor of Business (Finance) | 3 | 7,300 |
| 9 | Multimedia University | Cyberjaya, Malaysia | Bachelor of Business Administration (Hons.) Banking and Finance | 3 | 4,000 |
| 10 | Universiti Malaya | Kuala Lumpur, Malaysia | Bachelor of Actuarial Science | 3 | 2,800 |
| 11 | Taylor’s University | Subang Jaya, Malaysia | Bachelor of Business (Hons) Banking and Finance | 3 | 9,5000 |
| 12 | Asia Pacific University of Technology & Innovation (APU) | Kuala Lumpur, Malaysia | Asia Pacific University of Technology and Innovation (APU) | 3 | 7,300 |
Malaysian Master’s degree in Electrical Engineering
| University | Location | Program offered | Duration | Annual Tuition Fees (USD aprx) |
|---|---|---|---|---|
| Nottingham University, Malaysia | Selangor, Malaysia | Finance and Investment MSc | 1 | 13,245 |
| Nottingham University, Malaysia | Selangor, Malaysia | Master of Business Administration Finance MBA | 1 | 16232 |
| Sunway University | Subang Jaya, Malaysia | American Degree Transfer Programme | 2 | 4,000 |
| Sunway University | Subang Jaya, Malaysia | MSc in Actuarial Science (By Research) | 2 | 5,000 |
| Universiti Sains Malaysia (USM) | Penang, Malaysia | MA (Finance) – School of Management | 1 | 3,000 |
Entry Requirements For Finance degree In Malaysia
Universities set some requirements for the students to fulfil them before applying for the degree on this subject. Basically, from programme to programme and university to university the requirements vary.
- Foundation:
Academic requirement:
Students having SSC or O level can enrol themselves on this programme.
English Proficiency:
For the foundation programme English requirement is comparatively lower than in other programmes. Basically, 4.0 to 5.0 in IELTS or MUET minimum 2-band score or 30-31 in TOEFL or in Cambridge English Qualification minimum score of 140 is required for this programme.
- Diploma:
Academic requirements:
Students having a certificate in banking, insurance or any business field with a minimum CGPA of 2.5 scores can opt for this degree in finance.
English Proficiency:
International students need to have a minimum 4.0 to 5.0 IELTS score to take this degree
- Bachelor’s:
Academic requirements:
This world’s most popular degree programme has some academic requirements to be fulfilled by the students. Basically, students need to have HSC completed or A Level to be enrolled in this programme. This programme is basically 3 to 4 years long.
English Proficiency:
In some very well-reputed universities students need to have an IELTS 5.0 to 6.0 band score or equivalent score in TOEFL or PTE or Cambridge English Qualification. If students do not meet the requirements, they can take an additional English course at the university before stepping into the main programme. Students can also take MUET to compensate for the gap in the requirement.
- Master’s:
Academic requirements:
Having 4 years of bachelor’s degree with a minimum 2.75 CGPA is necessary to be enrolled at the university for pursuing this degree.
English Proficiency:
IELTS 5.5 to 6.5 is required to follow this degree in finance. Universities also accept other equivalent English language tests.
Duration Of Finance degree programmes In Malaysia
The programmes for Finance degrees have different completion times. Students may need to take financial preparation before taking part in these programmes.
- Foundation courses in Malaysia take not more than 1 year.
- Diploma courses are 2 years long
- Bachelor’s degrees are basically 3 years, with honours it will be 4 years
- Master’s degree can 1 to 2 years based on university
Approximate Cost To Study Finance degree In Malaysia
| Approximate Cost | Approximate scholarship amount |
|---|---|
| Foundation: 3,000 USD to 4,000 USD Diploma: 4,000 to 5,000 USD Bachelor’s: 9,000 USD to 12,000 USD Master’s: 4,000 USD to 7,000 USD |
20-50% 20-75% 20-100% 20-100% |
What Courses Will Be Covered In Finance Degree Programmes?
These programmes are designed to build a solid foundation on money & asset management and market analysis. The common modules which are covered here are
- Business Digitalization
- Financial Statistics
- Business Decision Making
- Management Principles
- Marketing and the Consumer Experience
- Information for Decision-Making
- Ethics of International Finance
- Innovative Business Practice
- Sustainable Business Practice
- Industry Consulting
- Finance Law
Career Opportunities
There are three major sections where a finance degree holder can pursue his/her career- public, private and personal. Finance degrees are such degrees which create in-depth understanding and hands-on experiences in world economic and monetary activities. So persons bestowed with these valuable degrees are the protagonists of business institutions. They have versatile career opportunities-
- Real Estate Agent
- Hedge Fund Manager
- Investment Banking
- Public Accounting
- Financial Planner
- Insurance Agent
- Commercial Banking
- Venture Capitalist
- Chief Financial Officer
- And so on.
The average salary of finance degree holders according to the US Bureau of Labor Statistics has been pictured below-
| Finance Job Title | Average Salary |
|---|---|
| Commercial Banking | $92,983 |
| Investment Banking | $96,543 |
| Financial Planner | $61,830 |
| Insurance Agent | $37,667 |
| Public Accounting | $63,907 |
| Hedge Funds Manager | $70,000 |
| Venture Capitalist | $92,406 |
| Real Estate Agent | $59,180 |
| Chief Financial Officer | $128,468 |
FAQs
Is Malaysia a good destination for higher studying finance degrees?
Malaysia is a member of Tiger Cub economies for its unprecedented development among all other Asian countries. Major big companies around the world like PayPal, IBM, Accenture, Dell Technologies, Oracle, Shell and others have found their home in Malaysia. It was possible due to the supply of professional manpower and skilled people from finance and other academic backgrounds.
Moreover, to expand the field of experience having placement opportunities in big companies is very important. Malaysian universities have proved their capability of linking with these multinational companies which facilitates hands-on experience for them. On the other hand, Malaysia has 23 universities which rank within the 1000 top universities in the world. They provide top-notch higher education in finance degrees at very affordable prices. So Malaysia is the best destination for students to have their higher education in finance.
Do I need IELTS for having this degree in Malaysia?
Yes, most of the good universities there need IELTS test results. But students can take other equivalent exams. Students can take the MUET exam after going to Malaysia to fulfil their English requirements.
How can I apply there?
Most universities have online admission portals through which students can apply directly to the universities. But students can take the assistance of the study abroad consultancy firm Career Paths at New DOHS, Dhaka for selecting appropriate universities and applying without hassle.
Conclusion
Finance is one of the most prominent subjects of higher education. It ensures a bright career for students in all the sophisticated areas of business and finance sectors. So to have a quality higher education from the world’s top-ranked universities and having placement opportunities there are very significant. That is why Malaysian universities will be a good choice for international students to earn finance degrees at very affordable tuition fees.
