Looking for the ideal city to jumpstart one's career can be a challenge for finance graduates. They have to think over so many factors, including the city's financial atmosphere, the general economic volatility, etcetera.

The Times Higher Education has listed the 5 best cities in the world for finance graduates to look for a job and start their career. Data was gathered from a survey on students who graduated from an intensive 18-month global financial training course pioneered by the deVere Group,

Taking the first spot was New York, with 34 percent of graduates saying it is the best city for finance graduates to start a career.

Coming in at second place was Dubai which was chosen by 23 percent of graduates. Next in third place was Hong Kong with 17 percent, Sydney in fourth with 13 percent, and Abu Dhabi rounding out the top five with 7 percent.

Shanghai, Cape Town, Geneva, Paris, Barcelona and London were chosen by the remaining 6 percent.

Nigel Green, executive director of deVere Group, explained on the company's website why these cities were so popular with finance graduates.

According to him, New York, Dubai Hong Kong Sydney and Abu Dhabi are routinely included in the top five destinations although their order may change with each batch of finance graduates.

He said graduates find these cities people popular because they contain "enormous possibilities for young, ambitious individuals" who want to begin their journey as international financial consultants on the right foot.

The common traits of these cities that attract graduates, he pointed out, were the use of the English language as a popular medium, the stable political and economic climate, and a high number of wealthy clients who can offer them the compensation they want.

Green also touted deVere's program and said the diversity of choices in the surveys is proof that its finance graduates are prepared to showcase their talent and jumpstart their careers in the world's best cities.