Masters in professional accounting in UK is all about advanced accounting principles which help students to pursue a career as an accountant or financial professional. Masters in professional accountancy program equips students with the knowledge, skills, and qualifications necessary for successful careers in the accounting field. To study in UK, candidates must have an aggregate mark of 60% with an honours degree in accounting, business, finance or a related stream from a recognized university. The candidates must have a GPA of 4.0. The curriculum of a Master's in Professional Accounting program typically covers a range of accounting topics, including financial accounting, managerial accounting, taxation, auditing, financial analysis, and accounting information systems. The average tuition fee for a master’s in professional accounting in the UK is 15,000 GBP to 35,000 GBP (INR 15,77,992.53 - INR 36,81,982.57). Masters in accounting and finance UK allows applicants to acquire a salary ranging from 32,000 GBP to 69,500 (INR 33,64,545.56 - INR 73,07,372.38).

Table of Content
  1. Masters in Professional Accounting in UK Highlights
  2. Why Study Masters in Professional Accounting in UK?
  3. Masters in Professional Accounting in the UK areas of specialization
    3.1 Masters in Professional Accounting in UK vs Masters in Professional Accountuing in USA
  4. Top Universities in UK Offering Professional Accounting Masters
  5. Admission Process for Masters in Professional Accounting in the UK
    4.1 Admission Deadline
    4.1 Eligibility Criteria for Master’s in Professional Accounting in the UK
    4.2 Admission Documents Requirement
    4.4 University-wise Application Fee for Masters in Professional Accounting in the UK
  6. Masters in Professional Accounting in UK Cost of Living
  7. Master’s in Professional Accounting in UK Scholarships
  8. Jobs after Masters in professional accounting in UK
  9. Top Recruiters for Master’s in Professional Accounting in the UK
  10. Work Permit
  11. ROI
  12. FAQs

Masters in Professional Accounting in UK Highlights

Courses Available Masters in Professional Accounting in UK
Course Type Full-time | Part-time
Program Duration 9 Months to 2 Years
Degree Requirement 2:1 or 2:2 Bachelor’s honours degree in Accounting, Business, Finance or a related stream from a recognized university
GPA 3.2 out of 4.0 GPA or 8 out of 10 GPA for Indian students
English Proficiency Requirements IELTS: 6 to 7 overall score | TOEFL iBT: 88 to 107 overall score
Annual Tuition Fees 15,000 GBP to 35,000 GBP (INR 15,77,992.53 - INR 36,81,982.57)
Annual Salary Range 32,000 GBP to 69,500 (INR 33,64,545.56 - INR 73,07,372.38)

Why Study Masters in Professional Accounting in UK?

There are several best Universities in UK for international Students offering master's in professional accounting. The following are the reasons to study in UK for professional accounting masters must be opted:

  • About 98% of the students have got employment within the 3 months of completing the course.
  • No mandatory IELTS/TOEFL scores.
  • The tuition fees start from 7 L which is very affordable.
  • Placements are in place.
  • There are 2 years of post-work permit.
  • 40 hours of part-time work are permitted during the holidays and a maximum of 20 hours per week are permitted throughout the school year.
  • Dependents are allowed to work full-time.
  • Scholarships for tuition costs of up to 50% are available.
  • Complete master’s in professional accounting in 1 year.

Masters in Professional Accounting in the UK areas of specialization

The following are the areas of specialization in masters in accounting in UK universities in the UK are:

  • MSc in Professional Accountancy
  • MSc in Accounting
  • MSc in Accounting and Financial Management
  • MSc in Accounting and Finance
  • MSc in Accounting and Taxation
  • MSc in Business with Accounting and Finance
  • MSc in International Accounting and Financial Management
  • MSc in Accounting, Finance and Strategic Investment
  • MSc in International Accounting and Corporate Governance
  • MSc in Strategy and International Management Accounting
  • MSc in Forensic Accounting
  • MSc in Professional Accounting and Finance
  • MSc in Professional Accounting and Finance- Extended
  • MSc in Professional Accounting ( with ACCA tuition )

Masters in Professional Accounting in UK vs Masters in Professional Accountuing in USA

Factor UK USA
Cost 15,000 GBP to 35,000 GBP (INR 15,77,992.53 - INR 36,81,982.57) USD 50,000 to USD 100,000. (INR 4148125.00 - INR 8296250.00)
Duration Usually 1 year full-time or 2 years part-time. Usually 1.5 to 2 years full-time.
Curriculum Covers a wide range of accounting topics, including auditing, taxation, and financial reporting. May also include specialized topics such as forensic accounting or international accounting.
Accreditation All MPAcc programs in the UK are accredited by the Association of Chartered Certified Accountants (ACCA). MPAcc programs in the USA are accredited by the American Institute of Certified Public Accountants (AICPA).
Job prospects MPAcc graduates in the UK are eligible to become chartered accountants (CAs). MPAcc graduates in the USA are eligible to become certified public accountants (CPAs).

Top Universities in UK Offering Professional Accounting Masters

UK universities are best known for their efficient education system and assuring full employment. They always try to bring up new ways to expertise to use accounting and financial skills and offer a number of pros and cons of masters in accounting. They are popular for their best and most qualified faculty in these BBA in UK universities. Tabulated below are the top Universities offering Master’s in professional accounting in the UK:

Name of the University Tuition Fee
The London School of Economics and Political Science (LSE) GBP 34,128 (INR 3,589,700.56)
University of Oxford GBP 17.650 (INR 1,855,490.50)
University of Cambridge GBP 49,000 (INR 5,148,850.00)
The University of Manchester GBP 33,500 (INR 3,528,895.50)
Imperial College London GBP 42,200 (INR 4,442,754.00)
The University of Edinburgh GBP 37,200 (INR 3,911,464.00)
The University of Warwick GBP 38,000 (INR 3,997,860.00)
Lancaster University TBA
University of London GBP 3560 (INR 374,507.20)
University of Bristol GBP 30,500 (INR 3,206,605.00)

Admission Process for Masters in Professional Accounting in the UK

Masters in professional accounting in UK is done through online. Candidates seeking admission to universities in the UK must be aware of the deadlines and check MBA in UK Admissions Deadlines. The admission process for a master’s in Professional Accounting in the UK is listed below:

  • Visit the official websites of universities
  • Check the eligibility criteria, requirements and fees
  • Upload the documents required for the application
  • Submit the application form
  • Pay the application fee
  • Once selected, candidates must apply for a UK students visa

Admission Deadline

Tabulated below are the application deadline for the Master’s in Professional Accounting:

Name of the University Application Deadline
The London School of Economics and Political Science (LSE) Rolling Basis
University of Oxford 27 September, 2023
University of Cambridge 3 July 2023
The University of Manchester 1 June 2023
Imperial College London 31 March 2023
The University of Edinburgh 7 June 2023
The University of Warwick 25 September 2023
Lancaster University September 2023
University of London 11 September 2023
University of Bristol 31 July 2023

Eligibility Criteria for Master’s in Professional Accounting in the UK

Candidates must check the eligibility criteria to apply for a master’s in Professional Accounting in the UK. The eligibility criteria for masters in health informatics in the UK are as follows:

  • Must have an aggregate mark of 60% in Bachelor’s Honours degree.
  • Must have accounting, business, and finance as their main subjects.
  • A GPA of 4.0 is required.
  • Must have a 6 to 7 score in IELTS and 88 to 100 in TOEFL
  • UK student visa

Admission Documents Requirement

The documents required for admission to top colleges in Masters in professional accounting in the UK are:

  • Academic transcript from previous universities
  • Letters of recommendation
  • SOP for UK
  • Standardised test scores
  • Updated CV
  • English language proficiency scores
  • Research Statement
  • UK valid passport and visa
  • Receipt for application fee payment

University-wise Application Fee for Masters in Professional Accounting in the UK

Tabulated below are the application fee for a master’s in professional accounting in the UK. Applicants can also consider UK Universities with No Application Fees:

Name of the University Application Fee
The London School of Economics and Political Science (LSE) GBP 80 (INR 8,413.60)
University of Oxford GBP 75 (INR 7,887.50)
University of Cambridge GBP 75 (INR 7,887.50)
The University of Manchester No Application fee
Imperial College London GBP 100 (INR 10,517.00)
The University of Edinburgh No Application fee
The University of Warwick No Application fee
Lancaster University GBP 40 (INR 4,206.80)
University of London GBP 90 (INR 9,465.30)
University of Bristol GBP 60 (INR 6,309.20)

Masters in Professional Accounting in UK Cost of Living

Candidates must consider Master’s in professional accounting in the cost of living in UK to settle there. The cost of living in the UK is tabulated below:

Name of the University Cost of Living
The London School of Economics and Political Science (LSE) GBP 1,400 (INR 147,238.00)
University of Oxford GBP 1,840 (INR 193,078.80)
University of Cambridge GBP 14,600 Annually (INR 1,534,262.00)
The University of Manchester GBP 700 (INR 73,619.00)
Imperial College London GBP 1,665 (INR 174,539.05)
The University of Edinburgh GBP 11,000 (INR 1,156,870.00)
The University of Warwick GBP 1653.5 ( INR 173,811.44)
Lancaster University GBP 4449.5 (INR 468,377.52)
University of London GBP 1400 (INR 147,238.00)
University of Bristol GBP 1,490 (INR 156,640.30)

Master’s in Professional Accounting in UK Scholarships

There are various scholarships for master’s in professional accounting in the UK for Indian students to assist with their expenses. Applicants can also consider MBA Scholarships in UK:

University Scholarship Eligibility Criteria Grants
The London School of Economics and Political Science (LSE) Hilde Himmelweit Scholarship Applicants must have a strong academic record and a demonstrated interest in social science research. Full tuition fees and a living allowance of £15,000 (INR 1,577,550).
University of Oxford Chevening Scholarships Applicants must be citizens of a developing country and have a strong academic record. Full tuition fees, living expenses, and return flights.
University of Cambridge Trinity Hall - Mann Studentship for Sciences Applicants must be studying a science subject at Cambridge and have a strong academic record. £10,000 to £40,000 (INR 1,051,700 to INR 4,206,800).
The University of Manchester GREAT Scholarship Applicants must be from a developing country and have a strong academic record. Full tuition fees and a living allowance of £15,000 (INR 1,577,550).
Imperial College London Stevenson Funds Applicants must be studying a STEM subject at Imperial College and have a strong academic record. £7,500 (INR 788,275).
The University of Edinburgh John Fisher High-Performance Scholarship Applicants must be studying a STEM subject at Edinburgh and have a strong academic record. 50% of tuition fees.
The University of Warwick WMG School Scholarship Applicants must be studying a STEM subject at Warwick and have a strong academic record. Full tuition fees.
Lancaster University Chancellor's International Scholarship Applicants must be from outside the UK and have a strong academic record. £10,000 (INR 1,051,700).
University of London University of London International Scholarships Applicants must be from outside the UK and have a strong academic record. Varies depending on the scholarship.
University of Bristol Think Big Postgraduate Scholarship Applicants must be studying a STEM subject at Bristol and have a strong academic record. £5,000, £10,000, or £20,000. ( INR 525,850, INR 1,051,700, or INR 2,103,400)

Jobs after Masters in professional accounting in UK

Tabulated below are the job profile and annual median salary of the Jobs in UK after MBA for professional accounting:

Job Profile Annual Median Salary
Chartered accountant GBP 3,798.40 (INR 40 L)
Chartered Certified accountant GBP 379.84 to GBP 587.20 (INR 40 to 65 L)
Chartered management accountant GBP 389.80 to GBP 517.40 (INR 41 L to 54 L)
Company Secretary GBP 474.80 (INR 50 L)
External Auditor GBP 389.80 (INR 41 L)
Forensic accountant GBP 305.44 (INR 31 L)
Stockbroker GBP 484.80 (INR 51 L)
Actuary GBP 622.20 (INR 65 L)
Arbitrator GBP 474.80 (INR 50 L)
Business development manager GBP 577.04 (INR 61 L)
Data analyst GBP 484.80 (INR 51 L)
Economist GBP 442.88 (INR 46 L)
Licensed conveyancer GBP 459.84 (INR 48 L)
Management consultant GBP 542.24 (INR 57 L)

Top Recruiters for Master’s in Professional Accounting in the UK

Below mentioned are the top recruiters of professional accounting in the UK:

  • Deloitte
  • Ernst & Young ( EY )
  • KPMG
  • PricewaterhouseCoopers (PwC)
  • Reed Finance
  • RemoteWorker UK
  • Transformation Lead Barclays
  • Trident
  • Ashworth Moulds Chartered Accountants
  • Mash Group
  • Smartsheet
  • Ubisoft
  • Alter Domus
  • Goodman Masson
  • Robert Half
  • Tate
  • JSS Search Limited
  • Hays
  • Netflix

Work Permit

The Tier 2 (General) visa, which is intended for skilled professionals having a job offer in the UK, is one of many work permit types provided by the UK government. You must have a work offer from a UK employer who holds a current Tier 2 sponsorship license in order to be qualified for this visa and Immigrate to UK. Your employer must show that they have conducted a legitimate recruiting procedure to identify a qualified applicant for the position and that they have been unable to find one within the UK resident workforce.

To be eligible for a PSW Visa, applicants must have:

  • A valid Tier 4 visa
  • Completed an eligible course at a UK university
  • A degree with a minimum of 60 credits
  • A job offer from a UK employer
  • A salary that meets the minimum salary requirement

You will need to fulfill additional qualifying conditions in addition to the job offer, such as having a particular degree of English language competence, earning the minimum income, and having enough money to maintain yourself without the aid of the government.

The UK government's official immigration website should be consulted for the most recent information and guidance on work permits and visas for overseas students because immigration regulations and procedures are subject to change.

ROI

Mentioned below is a table which highlights ROI for each of the university:

University Tuition Fee Cost of Living Total Expense Average Salary ROI
The London School of Economics and Political Science (LSE) GBP 34,128 (INR 3,589,700.56) GBP 1,400 (INR 147,238.00) GBP 35,528 GBP 61805.30 73.99%
University of Oxford GBP 17.650 (INR 1,855,490.50) GBP 1,840 (INR 193,078.80) GBP 19,490 17.17%
University of Cambridge GBP 49,000 (INR 5,148,850.00) GBP 14,600 Annually (INR 1,534,262.00) GBP 63,600 2.82%
The University of Manchester GBP 33,500 (INR 3,528,895.50) GBP 700 (INR 73,619.00) GBP 34,200 80.16%
Imperial College London GBP 42,200 (INR 4,442,754.00) GBP 1,665 (INR 174,539.05) GBP 43,865 40.94%
The University of Edinburgh GBP 37,200 (INR 3,911,464.00) GBP 11,000 (INR 1,156,870.00) GBP 48,200 28.23%
The University of Warwick GBP 38,000 (INR 3,997,860.00) GBP 1653.5 ( INR 173,811.44) GBP 39,653.5 56.08%
Lancaster University TBA GBP 4449.5 (INR 468,377.52) GBP 4449.5 81.58%
University of London GBP 3560 (INR 374,507.20) GBP 1400 (INR 147,238.00) GBP 4960 43.40%
University of Bristol GBP 30,500 (INR 3,206,605.00) GBP 1,490 (INR 156,640.30) GBP 31,990 93.17%

FAQs

Ques: What is a Master's in Professional Accounting program?

Ans: A Master's in Professional Accounting program is a graduate-level degree that provides advanced education and specialized training in accounting principles, practices, and regulations. It prepares students for careers in accounting and helps meet the requirements for professional certifications.

Ques: What are the prerequisites for applying to a Master's in Professional Accounting program?

Ans: Prerequisites may vary, but typically a bachelor's degree in accounting or a related field is required. Some programs may require a specific GPA, letters of recommendation, a personal statement, and standardized test scores (e.g., GMAT or GRE).

Ques: What are the benefits of pursuing a Master's in Professional Accounting in the UK?

Ans: Studying in the UK offers access to prestigious universities, a high standard of education, exposure to international business environments, networking opportunities, and potential career prospects in the global accounting industry.

Ques: How long does a Master's in Professional Accounting program typically take to complete?

Ans: A Master's in Professional Accounting program in the UK usually takes one to two years of full-time study to complete, depending on the program structure and whether students opt for additional certifications.

Ques: What are the admission requirements for a Master's in Professional Accounting in the UK?

Ans: Admission requirements typically include a bachelor's degree, preferably in accounting or a related field, strong academic performance, letters of recommendation, a personal statement, and, in some cases, standardized test scores.

Ques: Can I pursue a Master's in Professional Accounting without an undergraduate accounting degree?

Ans: Some universities may offer bridging or conversion programs for students with non-accounting backgrounds. These programs provide the necessary foundation in accounting before entering the Master's in Professional Accounting program.

Ques: Are there any scholarships or funding options available for international students?

Ans: Many UK universities offer scholarships or funding opportunities for international students. It's advisable to check the university's financial aid office or website for information on scholarships, grants, and other funding options.

Ques: What courses are typically included in a Master's in Professional Accounting curriculum?

Ans: Courses may include financial accounting, managerial accounting, auditing, taxation, ethics, financial reporting, business law, corporate governance, and advanced accounting topics.

Ques: Are there opportunities for internships or work placements during the program?

Ans: Some Master's in Professional Accounting programs offer internship or work placement opportunities with accounting firms, corporations, or government agencies. These experiences provide practical exposure and enhance employability.

Ques: Can I pursue professional certifications like CPA or ACCA after completing the program?

Ans: Yes, many Master's in Professional Accounting programs align their curricula with professional certifications such as Certified Public Accountant (CPA) or Association of Chartered Certified Accountants (ACCA). Students can pursue these certifications after completing the program.

Ques: Are there any specific accounting software or tools I should be familiar with?

Ans: Proficiency in accounting software such as QuickBooks, SAP, or Excel is beneficial. Familiarity with data analytics tools and ERP systems can also be advantageous for analyzing financial data and making informed business decisions.

Ques: What career opportunities are available after completing a Master's in Professional Accounting in the UK?

Ans: Graduates can pursue various accounting and finance roles, including financial analyst, auditor, tax consultant, management accountant, financial controller, or work in accounting firms, corporations, government agencies, or non-profit organizations.

Ques: What is the difference between a Master's in Professional Accounting and a Master's in Accounting and Finance?

Ans: While both programs focus on accounting and finance, a Master's in Professional Accounting typically emphasizes the practical application of accounting principles and prepares students for professional certifications. It may have a more specialized curriculum tailored to accounting careers, while a Master's in Accounting and Finance may have a broader focus, covering both accounting and broader financial management topics.

Ques: What professional certifications can I pursue after completing a Master's in Professional Accounting in the UK?

Ans: Graduates of a Master's in Professional Accounting program in the UK often pursue professional certifications such as the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), or the Certified Public Accountant (CPA). These certifications enhance employability and open doors to a wide range of accounting and finance roles.

Ques: Are there part-time or online options available for a Master's in Professional Accounting in the UK?

Ans: Yes, many universities offer part-time or online/distance learning options for Master's in Professional Accounting programs. These flexible study options allow students to balance their studies with work or other commitments and offer more convenience for those who cannot attend classes on campus full-time.