Study Accounting and Finance in China

Is working in a prestigious organisation your dream? Like how it is seen on movies, wearing beautiful suits and leading a team at work, living that corporate life. Do you think that you’re good at managing an organisation and you are also great at leadership? 

Accounting and finance are an essential part of a business and the knowledge and students will learn in this course will help them give a broad view of businesses. Accountants practices and processes by which financial transactions are recorded, monitored, analysed and managed. This field deals with all the key financial matters such as revenue, cost, remittance, profit and loss management, debits, credits and all other expenses. 

Why study in China?

1. Low cost of studying compared to other International countries
Whether you are going to study in China or the UK could depend on certain criteria that you wish to focus on. China is known as one of the friendliest countries to pursue higher education for international students. The cost of studying in China is cheaper compared to other Asian countries like Singapore.

2. Be part of the growing trend
China has been growing as a popular destination for international students in the past decade. China has also been one of the top travel destinations as it reflects the vibrant culture and attractive tourist spots. The local people are warm and active. 

3. Funding opportunities by the Chinese Government
The Chinese government has been offering a wide range of funding opportunities to attract more international students worldwide. The numbers of sponsorships offered by the Chinese government has been increasing.

4. Working with the student visa
This is possibly the best privilege of studying in China. The Chinese government has allowed international students to stay back after graduating to work locally. Students can also work part-time, on average students can work part-time during holidays or break. This is also a great opportunity to continue being employed there and become a permanent resident.

Also read: 

• Study in China Guide
• China Emerging as a popular student destination

Keep reading as we will be guiding you with more important guides on a few topics.

1. What is Accounting and Finance about?
2. What are the major fields in Accounting and Finance? 
3. What are the important skills I need in this field?
4. What are the entry requirements and qualifications?
5. How long will I be studying in this programme?
6. How much are the average tuition fees?
7. What are the job opportunities?
8. Universities in China offering Accounting and Finance programmes.

What is Accounting and Finance about?

Accounting and Finance is a bachelor's degree that is done by students to help them become experts in managing a business in all forms. It could be a startup or a huge organisation. 

Studying Accounting and Finance could be for any purposes either to start their own business or to manage a bigger scale organisation. Studying accounting and finance plays a direct role in the financial performance and efficiency of the organisations they work for. 

What are the major subjects in Accounting and Finance? 

In Accounting and Finance, there are a number of major subjects that students can further into. Some of the branches in the field that could interest you are listed below. 

• Accounting 
• Finance 
• Management 
• Taxation
• Ethics and Law 
• Strategic Business Analysis
• Governance and Risk
• Auditing

What are the skills and qualifications needed in this field?

Furthering into this field one needs a number of skills to qualify. The field of Accounting and Finance require specific skills that you might have already possess. 

1. Leadership 
You’re a leader in nature. You are confident, love working on ideas purposefully and love leading a team.

2. Good communication skills
If you are friendly in nature and have good communication skills you are almost for this field. As you will be interacting with people, it will be crucial to be able to communicate and interact confidently with others. 

3. Self-oriented
You’re someone who has self values and discipline. Your manager can trust you and hand over challenging tasks as management requires strategic thinking and planning skills to accomplish tasks.

How long will I study in this programme?

The study duration could vary from one institute to another. However, as a general estimate, we have compiled a general estimate of the duration according to the study levels and qualifications.

What are the entry requirements and qualifications?

To successfully get admission into an Accounting and Finance degree or pathway programme, students must meet the minimum academic and entry-level English language requirements.

However, requirements could vary according to institutions. We advise you to refer to the institutions directly for more details.

• Foundations / A levels in any related field
• SPM with minimum 5 passes
• Pass 4 relevant subjects in STPM, including English
• Bachelor’s Degree in Accounting and Finance related subjects
• Completed any relevant Degree or any equivalent International Degree with minimum CGPA 2.5, completed a Masters Degree and/or PhD from a recognised Irish Institute or any equal International Institute.

English language requirements:

• TOEFL score 55
• IELTS score of 5.5 (no bands below 5.0)
• Kaplan iBT 61
• Pearson Test of English (PTE)  53

Also read: General student Visa requirement in China

How much are the average tuition fees?

The average tuition fees for Accounting and Finance can vary from one institute to another according to different levels and qualifications. Here are the average estimated tuition fees below :

Also read: 

• Economic outlay of China
• Cost of living in China

What are the job opportunities after Accounting and Finance?

There are a number of job possibilities for an Accounting and Finance major. The right job will be dependent on your personal skills, preferences and personality.

Here are the career choices available for Accounting and Finance graduate:

Also read: Work opportunities in China

Top 4 universities in China that offer Accounting and Finance programmes

China is becoming one of the most preferred countries for many international students to further their higher education. In addition, graduates with Accounting and Finance degrees are high in demand and it keeps growing.  

For those who are interested to pursue Accounting and Finance in China, below are some of the notable institutions that offer the course and are also ranked the best in the World Ranking. 

1. Dongbei University of Finance and Economics (DUFE)

Dongbei University of Finance and Economics (DUFE) was founded in 1952 making it one of the oldest modern universities in Dalian. DUFE is one of China’s top-ranked finance, banking and economics universities, and is consistently placed in the top three nationally for producing China’s most employable graduates.

2. The Central University of Finance and Economics (CUFE) 

The Central University of Finance and Economics (CUFE) was established in 1949 under the leadership of the Ministry of Education. CUFE is one of the leading comprehensive universities in China that covers a wide range of disciplines of accounting, finance, law, arts, sciences and engineering. 

3.Capital University of Economics and Business (CUEB) 

The Capital University of Economics and Business (CUEB) was founded in 1956 and established as a key university of the Beijing Municipality. CUEB has six disciplines and mainly focuses on economics, business and finance. CUEB has been developing into a multi-disciplinary university in China. 

4. Liaoning University of International Business and Economics (LUBE)

Liaoning University of International Business and Economics (LUBE) is a private undergraduate university founded in 1964, serving to cultivate high-quality and practical talents of foreign business. Located in Dalian, the campus accommodates 11,000 students. 

Also read: University Rankings in China