2024-06-21
There is a surge in the need for accountants and finance specialists around the world. It is expected that the demand for finance professionals and accounts will increase by 10% over the next decade. This is due to the very challenging role those experts play in an increasingly complex economy, to say the least.
In the world of business and economics-related studies, Turkey is quickly and steadily establishing itself as a key player. Turkey enjoys a one-of-a-kind strategic location at the crossroads of Europe and Asia, robust economic growth, and a dynamic market environment, a location that offers a fertile ground for aspiring accounting and finance professionals. Accounting and Finance universities in Turkey are constantly working on improving their services, and most of them now are well-recognized by prestigious institutions. There are also esteemed universities located in other countries that provide the same degrees. Choosing the right university though is not an easy task, but EdMov! Is here to help. In this guide, we will be providing important information to help students with their university choice. We will give you a brief overview of the top universities for accounting and finance in the world and then those in Turkey. Let us get started.
It is not easy finding your place among giants in the fields of accounting and finance. The competition is fierce and finding a suitable job needs a lot of work and effort. However, joining a prestigious institution helps you with making the job hunt easier. Below are some of the Top Accounting and Finance Universities in the World:
Well known for its one-of-a-kind curriculum and very strong links with the financial industry, LBS offers programs that combine theoretical knowledge with practical application. The location of the school being in the heart of a busy city, offers students the needed motivation to work hard and unparalleled networking opportunities. LBS always ranks among the top 10 globally for accounting and finance. In the Financial Times Global MBA Ranking 2023, LBS held the 2nd place overall. As for its faculty members, it boasts a world-class faculty with extensive industry experience and significant contributions to financial research.
2. University of Chicago Booth School of Business, USA
Chicago Booth is renowned for its focus on research and a strong emphasis on quantitative skills. The school’s faculty includes numerous Nobel laureates, and its finance and accounting programs are consistently ranked among the best in the world. The campus is located in the middle of America’s largest finance centers which provides students with direct contact with industry leaders. Furthermore, Chicago Booth is consistently ranked in the top 5 for finance. The faculty includes several Nobel Prize winners in economics, reflecting the school's strong emphasis on academic excellence and research.
3. University of Melbourne, Australia
Accounting and finance programs at The University of Melbourne are highly regarded in the Asia-Pacific region. The university emphasizes practical experience and industry engagement, with strong connections to major financial institutions in Australia and beyond. As for international recognition, the university was ranked 14th globally for accounting and finance in the QS World University Rankings.
4. INSEAD, France/Singapore
The teaching approach at INSEAD can be described as multicultural. Its campuses are located in Asia and Europe which makes it easy for students to have a unique perspective on international finance and accounting. The school’s diverse student body and faculty enrich the learning experience, offering insights into global markets and financial practices. In the Financial Times Global MBA Ranking 2023, INSEAD was ranked 3rd overall.
Turkey offers a robust educational foundation with numerous universities excelling in accounting and finance programs. Here are the top universities in Turkey renowned for their accounting and finance education, based on reputable ranking sources like EduRank and Times Higher Education.
The university is Accredited by AACSB and is well-known locally and globally. Koç University’s faculty includes scholars with strong academic backgrounds and solid practical application. The university offers a comprehensive undergraduate program in Business Administration with a concentration in accounting and finance and an MBA program with strong finance components.
The university holds accreditation from AACSB, which ensures its adherence to international education standards. Bilkent University offers specializations in accounting and finance at both bachelor's and master's levels. Faculty in the university are actively involved in research.
METU is a leading technical university in Turkey, highly respected for its engineering, business, and economics programs, and accredited by AACSB. The university offers an undergraduate degree in Business Administration with courses focused on accounting and finance, and a Master’s in Finance.
The university hires faculty with significant academic and industry experience, particularly in finance and accounting to make sure students get the best educational experience there is. Boğaziçi University offers a Bachelor's degree in Business Administration with a strong focus on accounting and finance, along with an MBA program.
İstanbul University is one of the oldest and most prestigious universities in Turkey, with a strong reputation in business and economics. The university collaborates with faculty members with strong industry ties and hands-on experience. İstanbul University offers a wide range of undergraduate and postgraduate programs in Business Administration, including specializations in accounting and finance.
After going through the names of well-established institutions to study at, let us now go through the important factors all students must consider when selecting a university to join.
Campus location and facilities
Up-to-date campus facilities, including libraries, research centers, and technology resources, can enhance the learning experience. It is also needless to say that the university’s location is a major financial center, as proximity can offer more internship and job opportunities.
Accreditation and global recognition
Universities that are recognized globally or working towards accreditation are the ones you should seek. This way you rest assured there will be continuous improvements in the curriculum and all services offered.
2. Cost and Financial Aid
Seeking quality education does not mean you have to break the bank. Apply for scholarships and financial aid options. Compare living costs in countries you are applying for universities so you know how much you will be spending aside from university fees.
3. Faculty
Research the credentials of the faculty members, including their academic qualifications, research contributions, and industry experience.
Considering all the factors mentioned above and listing your priorities will make the task of university choice easier for you. Although applying to study outside your home country is scary for many students, being prepared and focused makes the task easier. Choose a country that provides you with a rich life inside and outside campus. Consider finances and calculate an estimated cost carefully to minimize the occurrence of monetary surprises.
Studying and working in finance and accounting requires a lot of hard work and dedication. Applying for an esteemed university paves the way for your success after graduation. If you are still overwhelmed, contact our team and make the difficult job easier now!
Koç University, Middle East Technical University, Bilkent University, and İstanbul University are at the top of the list of accounting and finance universities in Turkey.
Turkish universities are well recognized for their high academic standards and rigorous curricula, comparable to many respected global institutions.
Curriculum, faculty, accreditation, and lifestyle inside campus and outside are the factors you should be considering when choosing a university to join.
Many Turkish universities offer scholarships for international students based on academic merit and financial need. Also, a government-funded program under the name of Türkiye Scholarships offers scholarships to international students for undergraduate, master's, and doctoral studies.
There are multiple opportunities for graduates of accounting and finance programs. These include Positions in financial planning, analysis, and corporate treasury within multinational corporations. Also working in academic institutions and research organizations is favored by many students. Graduates can also work in investment banking.
