Nowadays, with uncertain global politics and economy, financial degree holders are in highest demand. This spells good news for universities and schools teaching finance, as there are more and more people who want to obtain their education there.
However, it creates a lot of competition, and modern business schools with finance master’s programs have to provide their students with state-of-the-art trends and skills in finance to help new specialists keep up with the quick changes in this sector.
Brexit To Influence Global Finance Education
According to The Financial Times, because of new challenges of the Brexit, the demand is becoming even higher. The implications of Britain leaving the EU on global finance are just beginning to sink in. That’s why the industry needs qualified, mature and independent specialists. The highest demand is reserved for those who are willing to explain the intricacies of finance to people without previous experience in it.
Not only the European market is taking part in this competition – there are also emerging markets such as China, which took 50% of the Financial Times ranking of global masters in finance courses.
Chinese students have been studying internationally for years now – for instance, in Louisiana’s Tulane University’s Freeman School of Business, 141 out of 150 finance students are Chinese.
Despite Presidents Donald Trump’s closing-border policies, students from overseas are still applying for American universities due to their global nature. In Louisiana’s Tulane university, there are 23 nationalities represented.
Many Chinese students hope that they would secure jobs in the US financial sector after graduation. Some are still planning to go back to China and help to develop its economy.
In many business schools, such as Leeds University Business School (UK), University of Maryland’s Robert H Smith School of Business, Fordham University’s Gabelli School of Business, the amount of Chinese students is overwhelming.
Even British business schools, despite the Brexit, are showing no decrease in interest from international students.
In Glasgow’s Adam Smith School of Business, for instance, there are more Chinese students now than there are Indian ones.
Changes In Courses: A More Practical Approach
With the increasing demand, business schools have to be very flexible with their courses to help their students cope with the ever-changing financial sector.
For instance, Vlerick Business School (Belgium) has changed its financial management master’s program due to the need to include more practical classes instead of lectures. The changes involve even the end-of-year examinations, where students have to present an up-to-date analysis of an international financial problem.
According to Vlerick’s financial management program director, Bjorn Crumps, the key to giving the students all essential tools to survive in the volatile world of modern finance is to make the course as practical as possible.
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