Diploma in Financial Management

A Diploma in Financial Management abroad is a 1 to 2 years course that students can pursue after high school to enhance their skills and knowledge in financial management and related fields. Although the fees to study overseas are expensive and many jobs are available after graduating such as Finance Manager with salaries up to 1000000 per year, the Return on Investment (RoI) is very high. This article discusses the top universities, syllabus, and other crucial details regarding pursuing this qualification overseas. So if you are interested, please read till the end.

Diploma in Financial Management: Course Highlights

This post will look at the various details regarding overseas Diploma in Financial Management courses. 

Let's begin with a quick overview: 

Program

Diploma

Course

Diploma in Financial Management

Duration of the Course

Between 0.6 and 2 years (based on top 5 universities)

Eligibility Criteria

{High school (10 + 2 equivelant), 60% recommended} {IELTS, PTE, or TOEFL (IELTS 6.5 or equivalent recommended)}, and entrance exams such as GMAT or GRE (if required)

Entrance Exams

{IELTS, PTE, or TOEFL (IELTS 6.5 or equivalent recommended), GMAT or GRE (if required)

Tuition Fees

Between 630000 and 1800000 INR (based on top 5 universities)

Jobs 

Financial Service Analyst, Management Trainee, Finance Manager, etc.

Average Salary

500000 INR (based on 5 jobs)

Scope of Diploma in Financial Management?

There is an extensive career after a Diploma in Financial Management with lucrative salaries. Students can also pursue a PG diploma or degrees such as BBA or MBA to enhance their skills and knowledge after graduation. Candidates can also pursue a PhD in this field if they want to.

Diploma in Financial Management: Syllabus

The one or 2-year course has a rigorous syllabus that will teach you the skills you need to get a job in the finance sector at managerial or related levels. 

Here's an overview of the syllabus: 

  • Financial Reporting and Control (Accounts).
  • Quantitative Methods.
  • Managerial Economics.
  • Managerial Finance.
  • International Economy & Finance.
  • Capital Markets.
  • Financial Institutions.
  • Corporate Tax Planning.
  • Investment Planning & Management.
  • Risk Management.

TOP Universities for Diploma in Financial Management

Many universities abroad offer diploma courses in financial management. Although any overseas degree will have a higher value, the leading universities abroad for the diploma will provide the best educational experience.

S.NO

University Name 

Country 

QS World Ranking 

1

McGill University

Canada

31

2

Arizona State University

The USA

219

3

Humber College

Canada

NA

4

Northeastern University

The USA

388

5

Conestoga College 

Canada

NA

Cost of Studying Diploma in Financial Management

Your expense of studying for a Diploma in Financial Management abroad will indeed be more expensive, but it is worth the high-quality education and international value. Below are the top 5 universities for this course, where you can expect your amount to go up to 19,00,000 INR.

S.NO

University Name 

Course

Duration 

Tuition Fees in INR

1

McGill University

Diploma (Dip) in Professional Practice in Finance

2 years

15,70,000

2

Arizona State University

Graduate Certificate in Global Finance

1 year

6,30,000

3

Humber College

Graduate Certificate in Financial Planning

1.6 years

18,00,000

4

Northeastern University

Graduate Certificate in Financial Markets and Institutions

0.6 years

9,80,000

5

Conestoga College 

Graduate Certificate in Financial Planning Services

1 year

13,40,000

Eligibility Criteria for Diploma in Financial Management

Since we are broadening our horizon on the course abroad as no specific country is discussed, the eligibility criteria now strictly depend on the country chosen. 

However, below we have given some general criteria for a Diploma in Financial Management course abroad: 

  • You must clear a high school or 10 + 2 equivalent for Indian students to apply for a Diploma in Financial Management. If you are applying for a PG Diploma, you also need a UG or equivalent qualification. We recommend at least 60% marks.
  • You must prove your English language competency with the IELTS, PTE, or TOEFL, which are accepted in all overseas educational nations. We recommend at least IELTS 6.5 or equivalent for a competitive edge.
  • You may need to clear any other entrance exams such as the GMAT or GRE.

Exams Required for Diploma in Financial Management

You must write and submit scores for specific exams to qualify for the Diploma in Financial Management course. Generally, you only need proof of your English language competency for a diploma-level certificate. However, some universities may ask for another entrance exam per their guidelines.

Name of the University

Exam Name

Minimum Band Requirement

McGill University

IELTS

6.5

Arizona State University

TOEFL

80

Humber College

IELTS

6.5

Northeastern University

IELTS

6.5

Conestoga College 

IELTS

6.5

Scholarships to Study Diploma in Financial Management

Higher education in the Diploma in Financial Management course abroad can be expensive. Fortunately, many governments, organizations, and university-aided financial awards are available. One of the most popular ones is scholarships, which have varying eligibility criteria.

S.NO

Scholarship Name

Description

Eligibility 

Amount in INR 

1

Rotary Scholarships – District

These awards are offered by your local districts and clubs

NA

variable

2

India4EU II Scholarship to Study in Europe 

These awards are offered by India4EU II

NA

Up to 162119 INR (travel expenses), insurance coverage (health, travel, and accident), and university fees

3

McGill University’s School of Continuing Studies Bursaries

McGill University offers these scholarships

NA

Portion of the tuition fees (amount varies as per the university guidelines) 

Career after Diploma in Financial Management

There is an extensive career after a Diploma in Financial Management with lucrative salaries. Students can also pursue a PG diploma or degrees such as BBA or MBA to enhance their skills and knowledge after graduation. Students can also apply for a Ph.D. in this field if they want to.

Job Profile

Salary in INR

Financial Service Analyst

Between 300000 and 400000

Management Trainee

Between 300000 and 400000

Financial Assistant

Between 200000 and 400000

Finance Manager

Between 900000 and 1000000

Accountant

Between 200000 and 300000

How to Study for a Diploma in Financial Management?

You may be familiar with the admission process in your home country, but applying for a Diploma in Financial Management abroad is a little different. To help you out, we have made this indicative, step-by-step, and easy-to-follow guide.

Step 1: Select a top country such as the USA, UK, or Canada for your Diploma in Financial Management.

Step 2: Select a university and course for Diploma in Financial Management. Visit its website and check all the eligibility criteria before applying.

Step 3: Gather and attest these documents.

  • Proof of funds.
  • At least 2-3 LORs.
  • Your SOP.
  • Your evidence of English language proficiency (IELTS, PTE, TOEFL, or equivalent scores).
  • Your academic transcripts.
  • A copy of your valid passport.
  • Entrance exams such as GRE or GMAT (if required).
  • Your bachelor's degree or equivalent qualification (if you apply for a PG Diploma).

Step 4: Visit your desired Diploma in Financial Management course page and apply with your academic, professional, and personal details. The next stage involves attaching the gathered documents and submitting your online application.

Step 5: You may have to pay a non-refundable application fee.

Step 6: Wait for the decision on your application. In the meantime, you can master your selected nation's official language to blend in better with the locals. For example, in France, you can learn French.

Step 7: Done  

Want to get into the best universities abroad for your Diploma in Financial Management? Then, AECC Global is here to assist you. Our overseas study expert will ensure that you easily enroll in your desired university in your chosen country. Contact us today.


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