MSc Accounting and Finance in UK is a 9 months to 2 year postgraduate course that offers expertise in the field of Accounting along with finances. The basic candidate admission requirement for a Master in Accounting in the UK is a Bachelor’s degree in any of the Accounting, Business, Finance, or a stream of such with a minimum score of 60%. Candidates need to have a minimum IELTS score of 6.5 and TOEFL score of 88 for admission to the best universities in UK for international students.

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Tuition fees for best universities for Masters in Accounting and Finance in UK ranges from 16500 GBP - 42200 GBP (1739067.00 INR- 4447795.60 INR). Student after MSc Finance and Accounting in UK can expect an annual salary of 89700 GBP (9454200.60 INR). You get high return on investment for stydying in UK. 

If you are looking to study with masters in accounting and finance in UK, you should apply as early as possible. The application deadline varies as per the university. Hence, you must check the official website before applying. Some cheapest universities in UK take application fees while some do not accept any application fees. There are deposit fees which might be applicable for some masters in finance and accounting in UK.

Why Study MSc Accounting and Finance in UK?

Top reasons for choosing MSc Accounting UK are mentioned below:

  • Affordable universities in UK: This country has one of the top affordable universities in UK that offer courses in Accounting and finance.
  • Job Opportunities: UK has large job opportunities in various sectors. The UK is a good country for accounting students due to its large economic situation. Students can expect an average annual salary of 89700 GBP (9454200.60 INR)
  • Industry: Over 55,000 of the UK's students in this area come from overseas. Since, most accounting students are overseas, you can build an international network of contacts.
  • Nearly two-thirds (61%) of the students are working as finance professionals which proves a huge job market
  • The total percentahe of Employed graduates are 68.7% while 3.8% go for further study.
  • Faculties of UK universities follow an excellent teaching technique that helps students to grow problem-solving abilities. Students get prepared to encounter the challenges of corporate world.

MSc Accounting and Finance Specializations

The masters in accounting and finance in UK are available in multiple specializations in best universities for international students in UK. Mentioned below are the specialization which students can choose from:

  • Tax Accounting: This specialization is designed to teach students on preparation of local, state, and federal tax returns.
  • Forensic Accounting: This specialization is designated to teach students how to become an internal or external auditor or a government investigator
  • Financial Accounting: It is a specialized graduate program focusing on financial management, international accounting, and advanced accounting
  • Economics and Finance: This specialization is designed to teach students the quantitative methodologies, economic theory, and international financial markets. There are multiple masters in Economics subjects involved. 
  • Manufacturing cost accounting: This program is designed to teach students the manufacturing activities including inventory valuation, cost of goods sold valuation, constraint analysis, margin analysis, variance analysis, and budgeting.

MSc in Accounting in UK vs MS in Accounting in US

The Msc in Accounting and Finance in UK is different from MS in Accounting in USA. We have compared few agendas which are GPA required, Course fees, average annual salary and so on. Table below shows the difference between MSc Accounting and Finance in UK and MS in Accounting in US

Top Universities for MSc Accounting and Finance in UK

There are many top universities in UK that offer MSc Accounting and Finance with placement in UK. Before you apply to UK universities, you must check the tuition fees for top universities for MSc Accounting and Finance in UK.

University name Program Tuition fees
London School of Economics & Political Science (L.S.E) MSc. accounting, organizations 34128 GBP (3597022.94 INR)
Imperial College London MSc Financing and accounts 42200 GBP (4447795.60 INR)
University of Edinburgh Masters in Accounting and Finance 37200 GBP (3920805.60 INR)
University of Manchester MSc accounts and finance 33500 GBP (3530833.00 INR)
University of Warwick MSc in accounts and financing 38000 GBP (4005124.00 INR)
University of Liverpool Masters in accounting and finances. 26250 GBP (2766697.50 INR)
University of Birmingham Masters in accounting and finances. 28890 GBP (3044948.22 INR)
Lancaster University MSc in Accounting and Financial Management 26500 GBP (2793047.00 INR)
University of Northampton MSc in Accounting and Finance 16500 GBP (1739067.00 INR)
Cardiff University MSc in Accounting and Finance 28700 GBP (3024922.60 INR)

1 GBP = 104.54 Indian Rupee dated 16th February, 2024

MSc Accounting and Finance in UK Admission Process

Students can apply for a Masters in Finance and Accounting in UK over the university’s application portal during the timeline provided directly. You must consider the CAS letter processing time also. To apply for admission to MSc in Finance and Accounting in UK, one should follow the below steps :

  • Make a list of the colleges that meet your criteria, along with details of deadlines.
  • You will need to create an account on the university website of the college you want to apply to and opt for the course you will want to apply to and make sure to cross-check the eligibility criteria with your qualifications.
  • Apply by filling out the online application form by giving your details.
  • You must submit all the online copies of the required documents.
  • Application fees are to be paid to complete the application process.
  • You will need to wait for the response from the university.
  • Immigrate to UK with all the documents for study

MSc Accounting and Finance in UK Eligibility Criteria

The general eligibility criteria required by most of the of universities that offer Masters in Accounting in the UK are listed below : -

  • GPA Requirement for admission in universities of At least 60% percentage or, 3.2 out of 4.0 GPA or, 8 out of 10 GPA for International students.
  • GMAT. Score is not required for most universities right now however, a GMAT score of 650 or above is advantageous
  • Letter of Recommendation (LOR)- and Statement of Purpose (SOP) are a few of the important requirements.
  • Proof of English Proficiency is required - IELTS: between 6 and 7 or above score, TOEFL score: between 88 and 100 score

MSc Accounting and Finance in UK Admission Documents Required

The below-mentioned documents are required for admission to top universities in UK for Masters in Accounting and Finance.

  • All educational qualification documents from schooling to the latest education
  • LOR or Letter of Recommendation
  • SOP or Statement of Purpose
  • Scores of entrance exams like IELTS, GRE.
  • Passport-size photographs
  • Updated resume
  • UK Student Visa
  • Financial documents for enrollment and seat booking such as bank documents, and loans taken.

MSc Accounting and Finance Application Fee

There are some of the affordable universities in UK without any application fee. However, most colleges and unievrsities have an application fee or deposit fees. Application fees for top universities in UK for MSc Accounting and Finance are tabulated below

University name Application fee
London School of Economics & Political Science (L.S.E) 80 GBP (8418.20 INR)
Imperial College London 100 GBP (10522.75 INR)
University of Edinburgh Free
University of Manchester 60 GBP (6313.65 INR)
University of Warwick 75 GBP (7892.06 INR)
University of Liverpool Nil
University of Birmingham Free
Lancaster University 40 GBP (4209.10 INR)
University of Northampton Free
Cardiff University Free

MSc Accounting and Finance in UK Application Deadline

You must be aware of the intakes in UK to submit the application before deadline. The deadlines of the universities may vary. Hence, you must check the official website before applying. Admission deadlines for top universities for Masters in Accounting and Finance UK are tabulated below

Top university Deadline
London School of Economics & Political Science (LSE) 31 January 2024 (Closed)
Imperial College London 30 June in the year that the course is due to start
University of Edinburgh 24 April 2024
The University of Manchester 5th May 2024
University of Warwick UCAS deadline 31 January 2024 (Closed)
University of Liverpool 31 August 2024
University of Birmingham Closed
Lancaster University Entry in 2025 will open in September 2024
University of Northampton 1st May, 2024
Cardiff University Rolling Admissions – First-come, first-served basis

MSc Accounting and Finance in UK Admission Requirements

If you are an international student applying for MSc Accounting and Finance in UK, you need to take few exams to study in UK. For admission to MSc in Accounting and Finance in UK universities, the below-mentioned exams are needed. These include GRE, GMAT, IELTS, TOEFL, PTE. 

University Standardized Test Score English Language Requirements
Imperial College London GRE and GMAT scores Not required IELTS: 6.5- 7.0 TOEFL: 92- 100 PTE: 62-69 DET: 115- 125
University of Manchester GRE and GMAT scores Not required IELTS: 7 and above TOEFL: 100 and above PTE: 76
London School of Economics and Political Science At least 161 or higher in GMAT Quantitative section IELTS: 7 and above TOEFL: 107 and above PTE: 70
University of Edinburgh GRE and GMAT scores Not required IELTS: 7 and above TOEFL: 100 and above PTE: 70
University of Warwick No minimum GRE score required IELTS: 7 and above TOEFL: 100 and above PTE score: 70
University of Liverpool GRE and GMAT scores Not required IELTS score: 6.5
University of Birmingham GRE score and GMAT Not required IELTS: 6.5 and above TOEFL: 88 and above PTE: 67
Lancaster University GRE and GMAT scores Not required IELTS score: 6.5 and above
University of Northampton GRE and GMAT scores Not required IELTS: 6.5
Cardiff University GRE and GMAT scores Not required IELTS: 6.5

MSc Accounting and Finance in UK Cost of Attendance

The cost of living in UK for international students vary by city. It is cheaper to stay at the university hostel since the cost of living in UK hostels are lower. The cost of attendance for studying Masters in Accounting and Finance in UK from top universities are tabulated below.

University name Cost of attendance
London School of Economics & Political Science (L.S.E) 1300 GBP- 1400 GBP (137017.40 INR- 147557.20 INR)
Imperial College London 1566 GBP- 1665 GBP (165053.27 INR- 175487.67 INR)
University of Edinburgh 9250 GBP (973135.52 INR)
University of Manchester 1280 GBP (134909.44 INR)
University of Warwick 1221 GBP- 2253 GBP (128690.96 INR- 237461.69 INR)
University of Liverpool 800 GBP- 1200 GBP (84318.40 INR- 126477.60 INR)
University of Birmingham 2549 GBP (268659.50 INR)
Lancaster University 9240 GBP (972083.48 INR)
University of Northampton 9850 GBP (1036257.82 INR)
Cardiff University 1324.71 GBP (139621.78 INR)

Masters in Accounting in UK Scholarships

There are multiple UK scholarships for Indian students that are offered by top universities for Accounting and Finance Masters. We have provided a list of scholarships that you can opt for reduction in fees and living costs. The details of the scholarships are:

University Name Scholarship Name Scholarship Eligibility Award
Imperial College London Imperial Excellence Scholarship International students with good academic records Up to 10000 GBP (1053980.00 INR)
London School of Economics LSE Master’s Awards

You must be holding an offer for a taught Masters programme at LSE.

Preference is given to those from low and middle income countries, particularly if loans are not available or if those countries are under-represented in other award schemes administered by the School

 Varies from student to student
University of Manchester Alliance MBS Masters Scholarships for UK/EU/International students

Graduated with a 2:1 or 1st UK undergraduate degree or overseas equivalent.

Have previously studied at a University with a strong academic reputation and ranking.

 Tuition fee
University of Warwick Chevening scholarships Be a citizen of a Chevening-eligible country or territory.
Return to your country of citizenship for a minimum of two years after your award has ended.
Have completed all components of an undergraduate degree		 Full tuition fees
University of Edinburgh Dean's Excellence Scholarship Programme Strong academic performance – on track to obtain or have graduated with a minimum of a high 2.1 or 1st class UK undergraduate degree or overseas equivalent from a university with a strong academic reputation and ranking. 5000 GBP- 10000 GBP (526990 INR- 1053980.00 INR)
University of Liverpool Sport Liverpool Scholarships Fulfilled the normal academic requirements for undergraduate or postgraduate entry and are enrolled on a Liverpool John Moores University course. Up to 2000 GBP (210796.00 INR)
University of Birmingham University of Birmingham Lord Karan Bilimoria (Chancellor) Scholarship

A valid offer of study from the University of Birmingham.

Candidates should have an excellent academic track record and demonstrate that they have overcome challenging circumstances.

 Full tuition fees plus the cost of university accommodation during studies
Lancaster university Lancaster global scholarship Must achieve A*AA and above at A level (or the equivalent in an alternative qualification) 5000 GBP in first year of study (526990 INR)
University of Northampton The international graduate scholarship Student must maintain a 3.0 cumulative GPA
Applicants must have earned a bachelor degree from a recognised institution		 30% fee discount
Cardiff University Cardiff India Scholarships

Students defined as being domiciled in India on your course application.

No separate application for the scholarship is required

 5000 GBP (526990 INR)

Jobs After Master of Professional Accounting in UK

You can opt for part time jobs while studying in UK. This will help you to reduce the cost of living and study in UK. The top companies in UK hires students in different roles which are accountant, cleark and others. After completing MSc Accounting and Finance London, students can have high paying jobs in UK.

Job designation Estimated Salary
Account Examiner 42200 GBP (4447795.60 INR)
Account Executive 77900 GBP (8210504.20 INR)
Billing Clerk 43100 GBP (4542653.80 INR)
Budget Analyst 97100 GBP (10234145.80 INR)
Chartered Accounting 73800 GBP (7778372.40 INR)
Cost Analyst 91800 GBP (9675536.40 INR)

Top Recruiters for MSc Accounting and Finance in UK

Some of the best companies in the world hires candidates after completing masters in accounting and finance in UK. Top recruiters for students completed MSc Professional Accounting in UK are mentioned below.

Work Permit

Applicants must apply for Graduate Route Visa for studying and staying in UK. This UK student visa enables the candidates to remain in UK for at least two years after completing their post-graduation courses. Candidates can explore jobs with the help of this visa. The visa also enables the aspirants to join internships and do freelance in UK. Candidates should be in the country to apply for this visa. Aspirants need to provide their bachelor's degree transcripts, English language proficiency test scores and financial proof to get this visa.

ROI for the Top Colleges Providing MSc Accounting and Finance in UK

Return on investment (ROI) is a performance measure used to evaluate the profitability of the amount you have invested in your studies. It compares the gain or loss from an investment to its cost. In simpler terms, return on investment tells you how much money you are getting back for every amount you had already spent. You can also check average salary in UK for master’s graduates. 

Here's a formula to calculate ROI:

ROI = (Gain from Investment - Initial Investment) / Initial Investment * 100%

The graph below describes the return on investment of top universities in UK offering MSc Accounting and Finance in UK. University of Northampton is giving the maximum ROI at 346%.

UK is one of the large hubs of universities for offering effective programs of MS in the UK for various streams. The top universities aim to deliver students with quality education and effective learning experience. Candidates get the chance of attaining scholarships to pursue their courses in the UK. The university in the UK for MS set the life of the candidates by offering them high job profiles and high salary packages.

FAQs

Ques: Which accounting course is best in UK?

Ans: Bachelor of Accounting, Masters in Accounting in UK are the best accounting courses in UK

Ques: Is MSc in Accounting worth it?

Ans: MSc in Accounting in UK is a good program to study that has good career prospects and higher salaries. So, it can be said MSc in Accounting is a worthy degree.

Ques:What is the salary of Masters in Accounting and Finance in UK?

Ans: Student after MSc Finance and Accounting in UK can expect an annual salary of 89700 GBP (9454200.60 INR).

Ques: Why choose UK for MSc accounting and finance?

Ans: Some of the reasons to choose this course include: career prospect, high salaries, market demand.

Ques: Is accounting a well paid job UK?

Ans: Yes, Accounting is a well paid job in UK.

Ques: Are accountants in demand UK?

Ans: Yes, accountants are in demand in UK. It is an economic hub that always maintains demand for Accountants.

Ques: Which is better MBA or MSc in Accounting?

Ans: An accounting MBA program is a longer time investment than an accounting masters. Top UK universities offer MBA in Accounting and Finance in UK as well.

Ques: Is Masters in accounting same as MBA?

Ans: MBA in Accounting is a more professional degree whereas, Masters in Accounting is concentrated with theoretical knowledge.

Ques: Which is better MS in Finance or Accounting?

Ans: Both are similar degrees. Universities offer different specializations.

Ques: Who earns more MSc or MBA?

Ans: The average starting salaries after completing an MBA are higher than those of an MSc.

Ques: What career options does an MSc in Accounting and Finance in the UK open up?

Ans: The MSc in Accounting and Finance degree leads to various career paths in accounting, finance, banking, consultancy, and financial analysis. Roles include chartered accountant, investment banker, financial analyst, risk manager, and auditor.

Ques: How long does the program last?

Ans: The MSc in accounts and finance programs are 12 months full-time or 24 months part-time. Some universities offer flexible options or accelerated programs. You need to check the official website for further details. 

Ques: Are there scholarship or funding opportunities available?

Ans: Yes, some universities offer scholarships based on merit or financial need. Government loans and international funding options might also be available. You can check the UK government official website and the university website for details. 

Ques: Do universities offer internships or placements as part of the program?

Ans: Yes, some universities collaborate with companies to offer internship opportunities. These can be valuable for gaining practical experience and building your network. if you get a chance to do an internship, you must not miss the chance. 

Ques: Can I work in the UK after graduation?

Ans: Yes, you can work in UK after graduation. Recent changes allow international graduates with specific degrees and skills to apply for the Graduate Route visa. This allows them to work in the UK for two years after graduation. You can check eligibility requirements before starting.