How a Finance Course in Malaysia Can Make You Unbelievably Rich!

How Studying a Finance Course at a Top Private University in Malaysia can Prepare you to Earn High Salary

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A Senior Vice President in Corporate Banking / Global Wholesale Banking/Investment Banking with more than 15 year of experience can earn between RM28,000 to RM48,000 a month. In addition, a Senior Vice President in Strategic Planning & Financial Analysis with more than 15 years of experience can earn between RM28,000 to RM38,000 a month. Now that’s an incredible salary to have as a Finance professional in Malaysia.

A bachelor’s degree in finance from a top private university in Malaysia will prepare you with the knowledge and skills to be on your way to earning a high salary. Of course, it is not guaranteed you will automatically earn a high salary with a Finance degree. It is how you prepare yourself, which university you choose, and the activities that you choose to participate in, that will increase the chances of your success.

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Why you Should Study a Finance Course in Malaysia?

You will not just get rich by getting a degree in Finance. It is a combination of your attitude, planning, networking as well as your knowledge and skills. With your knowledge of finance, you are able to budget your daily finances carefully and put the rest into savings or investments to make more money.

To get out of the income trap you must plan your future carefully and that starts first with the course and university that you choose. Choosing to study the degree in finance is a great choice as the career is one of the highest paid in Malaysia.

Another great reason to study finance is because of it’s more narrow focus, but it still allows you to explore a field that has a lot of job opportunities. Being able to set yourself with a finance degree will help you when searching for jobs, especially from a large number of business administration graduates. As a finance degree is harder to attain, it is guaranteed to set you apart.

Who Should Study Finance?

Students who are good in modern maths or additional maths can consider studying Finance. Having interest in economics, latest world news, stocks, shares and investments would indicate your interest in pursuing a Finance course.

Of course, students who want to get rich can go for a course that will give you the insights into how to make money grow!

What is Finance?

Finance deals with efficient allocation and distribution of resources by commercial entities, individuals, as well as other establishments over time taking into consideration the associated risks.

The term called finance can include any of the following areas:

• The process of managing money
• The study of money and other types of assets
• Managing and controlling those assets
• Identifying and handling project risks

If the term finance is used as a verb, it denotes provision of funds for individuals for buying cars or houses and businesses.

The function of finance is to apply a group of techniques which the corporate entities and individuals implement for managing their financial activities, specifically the margin of income and expenditure as well as investment risks.

Finance can be widely categorized into the following types:

• Personal finance
• Business finance
• Public finance

The major sources of financing include:

• Savings
• Loan or credit
• Taxes
• Donations
• Subsidies
• Grants

What is a Finance Course?

Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects.

Finance is the most encompassing of all business enterprises.  To understand finance you must know about the entire business, indeed the entire economy.

“Finance” is a broad term that describes two related activities:

1. the study of how money is managed
2. the actual process of acquiring needed funds

Because individuals, businesses and government entities all need funding to operate, the field is often separated into three sub-categories:

1. personal finance
2. corporate finance
3. public finance

All three categories are concerned with activities such as pursuing sound investments, obtaining low-cost credit, allocating funds for liabilities, and banking. Yet each has its own specific considerations. For example, individuals need to provision for retirement expenses, which means investing enough money during their working years and ensuring that their asset allocation fits their long-term plans. A large company, on the other hand, may have to decide whether to raise additional funds through a bond issue or stock offering. Investment banks may advise the firm on such considerations and help them market the securities.

As for public finance, in addition to managing money for its day-to-day operations, a government body also has larger social responsibilities. Its goals include attaining an equitable distribution of income for its citizens and enacting policies that lead to a stable economy.

What will I study in a Bachelor in Finance Course in Malaysia?

A bachelor’s degree in finance or a related area of study will prepare you for working in this high-powered field. You’ll be rewarded with skills that can translate directly into entry-level positions in career tracks like banking, accounting and tax preparation. Graduates with a bachelor’s degree in finance will qualify for a wide range of career opportunities in the high paying banking and finance industries in Malaysia .

A 3-year undergraduate degree with a focus on finance will pave the way for a rewarding career in areas such as commercial banking, financial planning, investment banking, money managing, insurance and real estate. Specialized coursework for a finance degree typically includes investments, financial institutions, international finance and managerial finance. Financial analysis degree programs provide advanced instruction in risk management, portfolio management and financial engineering.

The career outlook for moving up in the finance world in Malaysia is good for motivated graduates. With a solid knowledge base, business savvy and excellent communication skills, you will be well positioned to move up the corporate ladder quickly.

What is the Difference between Finance & Accounting?

In practical terms, finance refers to all of the money-related decisions consumers, businesses, and governments make on a daily, weekly, and yearly basis. It’s similar to accounting, but there is a key difference:

• Accounting is focused on the collection and analysis of financial information.
• Finance is more concerned with the implications that comes from using various money management strategies.

Whereas an accountant would seek to analyze financial data to produce a report, a finance expert would be more inclined to synthesize that information to generate an actionable recommendation.

What are some of the Subjects in a Finance Degree Course?

The subjects for the Finance degree will vary from university to university and depend on the emphasis. Students should look at the subjects offered to see if they meet your academic and career goals. It is also important to note that some universities have a lot of accounting subjects in their finance degree so if you don’t like accounting, you may not want to go for that university.

• Business Finance
• Computers in Business
• Fundamentals of Financial and Management Accounting
• Introduction to Economics
• Microeconomics for Business
• Organisational Behaviour
• Financial Markets Theory
• Corporate Financial Theory
• Financial Derivatives
• Mergers and Acquisitions
• International Bond and Currency Markets
• Managing Corporate Value
• Equity Markets and Fund Management
• Risk Management and Derivatives
• Contemporary Issues in Finance
• Financial Economics
• Financial Markets: Theory and Computation
• Financial Management
• Financial Mathematics
• Financial Reporting
• Fundamentals of Investment
• Law of Banking and Finance
• Management Information System
• Business Research Methods
• The Financial System
• Financial Planning and Control
• Financial Statement Analysis
• Personal Financial Planning Techniques
• Corporate Finance
• Financial Derivatives
• Financial Modelling
• International Banking & Investment
• Portfolio Management
• Risk Management in Banking

Where Can I Study Finance in Malaysia?

Studying at a top private university for Banking & Finance will set graduates apart and propel them to a successful career in the financial services sector. Top Universities have a proven track record and experience in producing highly employable graduates with excellent skill sets. Their fine tuned curriculum with a solid internship programme not only builds your knowledge but your experience and familiarity with the job requirements.

A vibrant international student environment enhances your worldview, multicultural and communication skills in this age of globalisation. This is important as graduates now have more ambition to work in top Multinational Companies (MNC) and overseas.

Having said that, here is a list of top private universities in Malaysia offering outstanding Banking & Finance degree courses:

1. Heriot-Watt University Malaysia
2. University of Nottingham Malaysia Campus
3. Monash University Malaysia
4. Taylor’s University 
5. Asia Pacific University (APU)
6. UOWM KDU University
7. First City University College
8. Multimedia University (MMU) Cyberjaya
9. Multimedia University (MMU) Melaka 
10. HELP University

How do I join the Degree in Finance Course in Malaysia?

Students after SPM or O-Levels with at least 5 credits including the relevant subjects may enter a Foundation in Business or Foundation in Arts at a top private university in Malaysia for 1 year before continuing on to the 3-year banking or finance degree programme.

Pre-University graduates in Malaysia from programmes such as UEC, STPM, A-Levels, SAM, CPU, AUSMAT and others may enter directly into the degree providing they meet the minimum entry requirements.

Students with at least 3 credits in SPM or O-Levels may go for the Diploma in Accounting or Diploma in Finance and then enter into Year 2 of the accounting, banking or finance degree programme.

How much will I earn as a Finance Professional in Malaysia?

Earning power is often a main driving factor when it comes to choosing a career. If you’re looking to amass your wealth, earning a finance degree and embarking on a career like financial analyst, advisor or manager can help you reach your economic goals.

In addition to offering median salaries that far overshadow the wages for all occupations, finance careers may offer the opportunity to earn bonuses and commissions. They can also pave the way toward executive leadership roles. Of course, there are also high-paying opportunities in investment banking.

Skilled finance, banking & investment professionals are projected to remain in high demand in Malaysia’s accountancy & finance job market as employers grow their businesses and add more value for clients. Strong demand exists for qualified graduates in finance, banking & investment possessing critical thinking skills, innovative, interpersonal communication skills and a strong command of the English language.

The recruitment specialist, for example, expects a credit risk analyst in the banking sector in Malaysia to earn between RM72,000 and RM108,000 a year and an even higher annual salary of RM324,000-plus for a director in the same line of business this year.