Masters in Finance in UK is an intensive postgraduate degree course for one year. In MSc Finance UK, there are about 120 Institutions offering the course. A bachelor degree holder can apply for a Masters of Finance in UK. MSc accounting and finance in UK focuses on various specialisations such as Corporate Finance, Financial Analysis, International Finance and many more. The UK houses some of the universities which are in the 50 top universities in UK for masters in finance of the QS World Rankings 2023. Candidates must have a GPA of 3.0 on a 4.0 scale, IELTS/ TOEFL/ DET score to get admission for Masters in Finance in UK. The applicant should have a score of 60% at bachelor’s level to secure admission in the masters in accounting and finance in UK. The tuition fees for the MSc finance and accounting in UK varies between 34,000 GBP to 40,000 GBP (INR 35,66,900 to INR 66,81,500).
Why study Master's in Finance in UK?
The course of Master's in Finance in UK attracts students from all over the world. Apart from excellent placements and world class learning environment, the other reasons to study from best universities in UK for masters in finance here are as follows:-
- Ranked Universities: The UK has many top universities in the world for Finance courses. These institutions find their place in the Financial Times rankings 2023 as well as the QS World Rankings for Master's in Finance, 2023.
- Global MSc Finance with Placement UK Opportunities: A degree of Master's in Finance from UK is recognized throughout the world and thus opens doors to Global Workspace.
- Employment Opportunity in UK: The leading Institutes of Finance in UK receive placement offers from companies like Goldman Sachs, JP Morgan, Google, Allianz etc. Moreover, the job profiles offered are highly reputable with impressive salaries.
- Scholarships: A number of scholarships are offered in the Institutes teaching Master's in Finance, which makes the cost of study affordable. Moreover, there are separate scholarships and fee waivers offered to International Students.
- Part time jobs: Many Institutes of MSc finance and investment UK allow its students to go for part time jobs while doing their courses. This ultimately supports the cost of living in UK.
Masters in Finance in UK Areas of Specialization
The different specialisations offered in MSc accounting UK are:-
| Specialisation | No. of Institutes offering the Specialisation |
|---|---|
| Accounting and Finance | 42 |
| International Finance | 17 |
| Finance and Banking | 16 |
| Corporate Finance | 10 |
| Finance and Economics | 5 |
| Quantitative Finance | 4 |
| Applied Finance | 4 |
| Business Finance | 3 |
| Behavioural Finance | 2 |
| Computational Finance | 1 |
| Public Finance | 1 |
| Islamic Finance | 1 |
Top Universities for MSc Accounting and Finance in UK
The Master's in Finance course has a great scope in the progression of one’s career development as its scope in the Banking and Financial Business Sectors is expected to grow in the coming years. Here’s a list of top universities for Master's in Finance in UK:-
| Name Of The University | QS World Ranking 2023 | Financial Times Ranking 2022 | Course Name |
|---|---|---|---|
| University of Oxford | 4 | 6 | MSc in Financial Economics |
| University of Cambridge | 6 | 2 | Master of Finance |
| The London School of Economics and Political Science | 7 | - | MSc in Finance |
| London Business School | 12 | 1 | Master of Finance |
| Imperial College London | 19 | 16 | MSc in Finance |
| The University of Manchester | 19 | - | MSc in Finance |
| University of Warwick | 38 | 12 | MSc in Finance |
| Bayes Business School | - | 22 | MSc in Finance (Corporate) |
| Cranfield School of Management | 47 | 44 | MSc in Finance & Management |
| Lancaster University Management Institute | 58 | 46 | MSc in Finance |
| Durham University Business School | 69 | 53 | MSc in Finance |
| Univerity of Exeter | - | 50 | MSc in Finance & Management |
Admission Process for Masters of Finance in UK
Universities in UK conduct the admission process for the Master’s Programme in Finance twice every year. The first admission session is in the month of January and the second session in the month of September. Here is a list of important guidelines regarding the admission process:
- Do a thorough research on the various colleges offering Master's in Finance In UK. Make a list of the chosen Universities/ Colleges.
- Make sure that the eligibility criteria of the chosen university/ college is fulfilled.
- Apply online masters in finance UK through the official website of the university. Submit the application form, required documents and the Application fees (if required).
- After receiving the confirmation email, pay the tuition deposit (if asked).
- Obtain a CAS letter and use it to procure a UK Student Visa.
Admission Deadline for Masters in Finance in UK
The admission deadline of the top universities for Master's in Finance in UK are as follows:
| NAME OF THE UNIVERSITY | ADMISSION DEADLINE |
|---|---|
| University of Oxford | Closed |
| University of Cambridge | Closed |
| The London School of Economics and Political Science | 31 October, 2023 |
| London Business School | Closed |
| Imperial College London | 30 September, 2023 |
| The University of Manchester | 1 July, 2023 |
| University of Warwick | 2 August, 2023 |
| Bayes Business School | 2 August, 2023 |
| Cranfield School of Management | 3 July, 2023 |
| Lancaster University Management Institute | 30, September, 2023 |
| Durham University Business School | 31, July, 2023 |
| University of Exeter | 30 November,2023 |
Eligibility Criteria
The applicant should fulfill the following eligibility criteria to apply for a Masters in accounting UK:
- Graduation Degree: a relevant bachelor’s degree from a recognized university. The applicant should have studied one of the following disciplines at the graduation level-
- Mathematics
- Finance
- Science
- Economics
- engineering
- GMAT/ GRE Score: The scores obtained in GMAT/ GRE are not mandatory for admission in Master’s in Finance in UK. However, a good score in either of the tests can increase chances of admission.
- English Language Proficiency Test: For International students coming from non- english speaking countries, scores of English language tests are compulsory. The applicant needs to produce the scorecard for any of the following English Language test-
- IELTS
- TOEFL
- Duolingo English Test
- A level Mathematics: Students should have academic education in A- level mathematics or any other subject equivalent to it.
- Work Experience: Having some experience in the Corporate field can lead to greater chances of securing admission in Master’s of Finance in UK.
- Passport and Visa: The International students should have a valid passport and Visa to secure admission in any university abroad. The US Student Visa is equally applicable for studying in UK. The Visa Application should possibly be done three months prior to the commencement of the course.
Admission Requirements
- GMAT/ GRE Score: as already mentioned, a good GMAT/ GRE Scores would give an edge to the applicant over the others.
GMAT >= 650 and GRE >=320 is considered a good score for securing admission in a university in UK.
- Englishs Test Scores; the minimum required cutoff for the different English Language Proficiency Tests are tabulated below:
| NAME OF THE TEST | CUTOFF REQUIRED |
|---|---|
| IELTS | 6.0 |
| TOEFL | iBT:100 |
| Duolingo English Test Score | 125 |
- Application Fee: Candidates must be aware of admission requirements to get admission to their preferred universities. The application fee of the top universities are as follows:
| Name of the University | Application Fee (INR) |
|---|---|
| University of Oxford | 7,703 |
| University of Cambridge | 12,325 |
| The London School of Economics and Political Science | 8,217 |
| London Business School | 15,406 |
| Imperial College London | 10,200 |
| The University of Manchester | 6,126 |
| University of Warwick | 6,126 |
| Bayes Business School | N/A |
| Cranfield School of Management | N/A |
| Lancaster University Management Institute | 4,108 |
| Durham University Business School | 6,162 |
| Univerity of Exeter | N/A |
Admission Document Requirements
To study Master's in Finance in UK, the candidate will have to submit the transcripts of the following documents at the time of application:
- UG Degree Certificate
- Transcripts of all the academic certificatios and and Grade Cards.
- Statement of Purpose
- Letter of Recommendation (at least two).
- Work Experience Letter (if any)
- GMAT/ GRE Scores
- English Language Proficiency Test Scores
- CV/ Resume
Masters in Finance in UK Course Fees
The International students aspiring to study Master’s in Finance in UK will have to consider both the Tuition Fees and the Living Expenses.
Tuition Fees of the top colleges offering Master's in Finance in UK
| Name of the University | Annual Tuition Fees |
|---|---|
| University of Oxford | 52,560 £ (INR 53,68,678) |
| University of Cambridge | 51,000 £ (INR 52,09,333) |
| The London School of Economics and Political Science | 42,384 £ (INR 43,29.262) |
| London Business School | 58,700 £ (INR 59,95,841) |
| Imperial College London | 42,200 £ (INR 43,10,468) |
| The University of Manchester | 33,500 £ (INR 34,21,817) |
| University of Warwick | 34,000 £ (INR 34,72,889) |
| Bayes Business School | 31,700 £ (INR 32,37,958) |
| Cranfield School of Management | 30,900 £ (INR 31,56,243) |
| Lancaster University Management Institute | 26,500 £ (INR 27,06,810) |
| Durham University Business School | 31,500 £ (INR 32,17,529) |
| University of Exeter | 28,100 £ (INR 28,70,240) |
Cost of Living Expenses
There are different expenses an International Student has to bear throughout the term of his/ her stay in UK. the living expenses under different categories are as follows:
| Expense Type | Annual Estimated Cost |
|---|---|
| Accommodation | 1,200 £ (INR 1,22,572) |
| Meals | 1,500 £ (INR 1,53,215) |
| Transportation | 1,500-2,500 £ (INR 1,53,215 - 2,55,359 ) |
| Personal Expenses | 1,200 £ (INR 1,22,572) |
| Health Insurance | 500 £ (INR 51,071) |
Masters in Finance in UK Scholarships
Almost all the Institutes offering Master’s in Finance in UK provide scholarships to meritorious students who exhibit an outstanding level of achievement througout their academics. Apart from that there are many external scholarships one can apply while studying Master’s in Finance in UK.
Here is a list of several scholarhips one can apply for while studying Finance in UK:
| Name of the Scholarship | Amount Granted |
|---|---|
| Commonwealth Master’s Scholarship | The scholarship covers the full tuition fee of the student as well as the Airfare to and from UK and the living expenses. |
| GREAT Scholarship | The minimum amount granted is 10,000 £ for a one year post graduate programme. |
| Inlaks Scholarship | A one-time grant of 72,000 £ is given to the Indian student who wishes to study abroad |
| Chevening Schoarship | A one-time grant of 18,000 £ that soughts to cover the tuition fee and the living expenses of a postgraduate student abroad |
| Rhodes Scholarship | Applicable to students taking admission in University of Oxford. An amount of 59,000 £ is given to cover the tuition fee, airfare and the living expenses. |
Jobs after Masters of Finance in UK
A Degree of Master’s of Finance from a renowned University in UK paves way for many high-paying jobs in the Banking and the Business Sector. The different MSc accounting and finance with placement in UK one can expect to be offered after completing Master’s of Finance in UK are:
| Job Profile | Annual Average Salary |
|---|---|
| Fiancial Analyst | 44,530 £ (INR 45,48,463) |
| Investment Banker | 48,817 £ (INR 49,86,353) |
| Stock Broker | 34,430 £ (INR 35,16,811) |
| Personal Financial Advisor | 41,988 £ (INR 42,89,835) |
| Finacial Manager | 59,638 £ (INR 60,91,651) |
Top Recruiters for Masters of Finance in UK
| Name of the University | Top Recruiters |
|---|---|
| University of Oxford | Accenture| BCG | Bank of America | black Rock | Credit Suisse | Morgan Stanley | UBC |
| University of Cambridge | Amazon | Apollo | Black Rock |Citi | Invesco | JP Morgan | McKinsey | Partner’s Group | Rothschild Five Arrows | PwC | KPMG |
| The London School of Economics and Political Science | |Citi | Goldman Sach’s | Credit Suisse| HSBC | Rothschild & Co. | JP Morgan | UBS | CITIC Securities |
| London Business School | Accenture Strategy | ADG Europe | Master Card Advisors | Nomura Research Institute | Eccleston Associate | Prologis UK | Halder| Greenfield One | Deutsche Bank | IFC- International Finance Corporation |
| Imperial College London | Barclays | CITIC Securities | China International Capital Corporation | Commerz Bank | HSBC | Morgan Stanley | PwC | Bank of Communications | Deloitte | |
| The University of Manchester | Armacell | Bank of Thailand | Barclays Capital | Bloomberg | China Merchants Bank | CIBC World Markets | Hewitts Associates |
| University of Warwick | Bloomberg | EY | BCG | Deutsche Bank | Bank of America | Morgan Stanley| Amazon | Tesla |
Work Permit
To study in UK, the International students need to apply for the Student Visa. This Visa allows the International students to stay in UK as long as their course is completed. With this Student Visa one can work for part-time jobs related to his/ her course. The validity of this Visa is over as soon as the term of the course is completed. Its validity can be extended if the student wishes to pursue higher studies in UK.
If one wihes to look for jobs after the completed of their course in UK, he/ she has to apply for the Graduate Visa. This allows the person to stay in UK for two years after the completion of the course.
ROI for Masters in Finance in UK
The ROI for the top colleges offering Master’s in Finance in UK are tabulated below:
| University Name | Tuition Fees | Cost of Living | Total Expense | Salary | ROI |
|---|---|---|---|---|---|
| University of Oxford | 52,560 £ (INR 53,68,678) | 17,668 £ (INR 18,04,676) | 70,228 £ (INR 71,73,565) | 1,12,337 £ (INR 1,14,74,865) | 160% |
| University of Cambridge | 51,000 £ (INR 52,09,333) | 68,668 £ (INR 70,14,216) | 1,11,743 £ (INR 1,14,14,189) | 162% | |
| The London School of Economics and Political Science | 42,384 £ (INR 43,29.262) | 60,052 £ (INR 61,34,119) | 1,01,674 £ (INR 1,03,85,673) | 169% | |
| London Business School | 58,700 £ (INR 59,95,841) | 76,368 £ (INR 78,00,746) | 1,11,037 £ (INR 1,11,42,074) | 145% | |
| Imperial College London | 42,200 £ (INR 43,10,468) | 59,869 £ (INR 61,15,426) | 98,314 £ (INR 1,00,42,460) | 164% |
UK is a hub of Institutions offering dynamic courses in the field of Finance. Here, the student gets International industry exposure along with effective learning experience. There are a variety of scholarships to pursue the course in UK. The Institutions of Finance in UK witness placements from International Firms and Banks that offer impressive salary packages.
![University College London [UCL]](https://static.zollege.in/public/college_data/images/studyabroad/logos/college_846_16-12:41_university-college-london.jpeg?tr=w-50,h-50,c-force?tr=h-40,w-35,c-force)
![University of Edinburgh [ED]](https://static.zollege.in/public/college_data/images/studyabroad/logos/college_810_07-11:27_logo.png?tr=w-50,h-50,c-force?tr=h-40,w-35,c-force){kind=logo}
![King's College London [KCL]](https://static.zollege.in/public/college_data/images/studyabroad/logos/college_836_07-11:35_logo.png?tr=w-50,h-50,c-force?tr=h-40,w-35,c-force){kind=logo}
