Mind the GAAP! The gap between you, money and prestige is a masters of finance in UK. Finesse the finance, and you can become the new Wolf of Wall Street (minus the fraud, of course). A master of finance in UK will open many opportunities for you. The MSc Finance UK degree is a postgraduate program designed to provide graduates with the skills and knowledge necessary to excel in the world of finance. Dont wait up! Explore the blog and get informed!
Why Study Masters of Finance in UK?
Undoubtedly, the UK is home to some of the prestigious and best universities in the world. These universities provide top-quality education and well-respected undergraduate degrees and masters degrees to students. A masters of finance in UK will open a lot of doors of opportunities for you. The professors at the top universities in the UK are specialists in this area. They have a wide range of market knowledge, which helps them mould finance graduates’ skill sets to fit the demands of the actual world. Studies reveal that UK graduates often earn six-figure wages within 4-5 years of graduating. Additionally, a career in MSc accounting and finance in UK offers much flexibility. With enough experience, you may start your own company and work for several businesses.
Masters of Finance in UK Course Details
MSc finance and accounting in UK is a one-year programme provided by some universities in the UK. It is not a compulsion to have a finance background to get admission. When the course is availed, one will have a set of dedicated/core subjects and non-dedicated/elective courses.
Course Highlights
1. Dedicated courses include finance and accounting basics, corporate finance, asset markets, risk management, international finance, corporate investment, private equity and venture capital finance.
2. Non-dedicated courses include quantitative security analysis, entrepreneurial finance, sustainable finance and impact investing.
Although the course structure may vary from university to university, but is also subject to change. It is important to be up to date with the courses of your MS in finance in UK.
Top 5 Universities for Masters of Finance in UK
The country doesn’t run short of universities that provide masters of finance in UK. For you to not get confused and overwhelmed with the choices available, we have curated a list of the top 5 universities for MSc accounting and finance in UK below.
1. University of Oxford
QS ranking: 4
Average tuition fees: £40,000-55,000/year
Application Deadline: March 6th 2024
The University of Oxford provides excellence with every degree they teach. It is also considered one of the best universities to study masters of finance in UK. This university provides two finance programmes: an MSc in Financial Economics and an MSc in Law and Finance. The curriculum was developed in collaboration with top financial recruiters and combines academic theory with real-world applications. Refer to this guide to getting into the University of Oxfordand get showered with multiple tips and steps to get into the course of your dreams.
2. London School of Economics
QS ranking: 7
Average tuition fees: £39,000- 45,000/year
Application Deadline: April 2024
London School of Economics provides a graduate through an MSc in Accounting and Finance in UK (full-time). This program, one of the top generalist finance masters degrees in the world, is perfect for people whose career goals are generally related to the financial services industry. Once you get a thorough foundation in corporate finance and financial markets in the core courses, the degree will be tailored to your aims with various alternative courses, including several specifically created applied courses. Refer to this blog to get well-informed on the London School of Economics: rankings, requirements, fees and how to apply. All the information you need on the university and its courses on one page.
3. University of Cambridge
QS ranking: 6
Average tuition fees: £49,000-55,000/year
Application Deadline: March 6th, 2024
The University of Cambridge is another one of the prestigious universities that provide masters of finance in the UK. Given that the program’s employment rate for students is over 86%, they can anticipate finding employment within three months of enrolling. The university provides top-notch instruction to help finance graduates create a bright future. Make reference to the University of Cambridge: history, course and tuition to explore in-depth and aid you in making the right decision.
4. Imperial College London
QS ranking: 19
Average tuition fees: £39,000-45,000/year
Application Deadline: February 31st 2024
Imperial College London offers the MS in Finance programme, which provides students with a distinctive and demanding experience. The course comprises five modules: project, foundation, core, electives, and online pre-study. For employment, the curriculum also provides an optional international elective. It ranks among the best finance schools in the UK.
5. The University of Edinburgh
QS ranking: 46
Average tuition fees: £34,700-40,000/year
Application Deadline: January 31st 2024
The University of Edinburgh’s thoughtfully designed MSc in Finance will prepare you for various positions while allowing you to focus your studies in areas like Corporate, Sustainable, or Investment Finance. It combines cutting-edge theory with practical application. Their close ties to business are ingrained in the curriculum through their guest lectures and the chance to interact with leaders.
Curriculum for MSc Finance in UK Universities
An MS in Finance in UK is bound to have a similar curriculum across all universities. A full-time program curriculum is divided into core and electives, i.e. dedicated and non-dedicated. These subjects are a blend of theory and practicality, with strict academic training and real-world applications. Apart from the predetermined curriculum, students are expected to complete a dissertation or an internship at the end of the program. Below is what an MS in finance in UK curriculum looks like;
- Corporate Finance
- Asset Markets
- Electives Courses
Eligibility Criteria for Masters of Finance in UK
To study for a masters of finance in UK, one needs to fit under the expected eligibility criteria and other requirements. Some requirements may vary from university to university, but here is a list of standard requirements.
- A bachelor’s degree in a relevant field, such as finance, accounting, or commerce
- GMAT/ GRE
- English Language requirements
- Entrance exams necessary to study in the UK
- Knowledge of A-level mathematics
Application Process for Masters of Finance in UK
The first step in the application process for a masters of finance in UK is ;
- research suitable college
- Check out the curriculum, fees, scholarships, employment opportunities
- Write your personal statement
- apply to the university
- pay for immigration health surcharge
- apply for visa
- visa interview
Documents Required
Maintaining a checklist for documents required for a masters of finance in UK. Make sure you prepare and compile the documents beforehand.
- Undergraduate degree
- Statement of purpose
- Letter of recommendation
- GMAT/GRE scorecard GMAT-680\GRE-325
- English language requirements
- Work experience letters
- Resume/ CV
Visa
You can either apply for a standard visa or a student visa. In order to be eligible for a student visa, one must fill up the application process, submit the necessary documents, pay the visa fees and interview. Typically, if you are eligible for the visa, it will arrive within three weeks, and you are good to go. Browse the UK student visa 2023-24: types, application process & eligibility to make yourself familiar with all the mandatory processes.
Categorising Total Costs in UK
Along with the tuition fee, there are many other costs that you will encounter, such as pre-arrival, living expenses, miscellaneous expenses, etc., which should be considered before you move overseas to study.
Cost of courses in UK
The tuition for the Masters in Finance in UK will cost between £34,700 and £55,000 per year. However, the tuition differs on all levels, depending on the program and academic level. Students can also investigate scoring a scholarship that will suffice their tuition fees.
Cost of living in UK
The average living cost for a student living in the UK is £1,000 – £1,500 per month. This amount should be enough for your rent, food, and transportation expenses. It is always economical to maintain an expense journal in order to keep track of your expenses on a monthly basis.
Scholarships available for masters of finance in UK
Living in the UK can get expensive when you are living alone. Getting scholarships helps you to ease your financial concerns and help you burn fewer holes in your pockets. Here are some UK scholarships to study for a master of finance in UK.
- The Chevening Scholarship
- MSc Finance Future Leaders Scholarship (Imperial College of London)
- Business School International MSc scholarship (University of Edinburgh)
- Graduate Support Scheme; LSE masters Award (London School of Economics)
- MF in Program Scholarship (University of Cambridge)
- Alumni Annual Fund Scholarship (University of Oxford)
- Oxford said- HEC Montreal Scholarship. (University of Oxford)
There are many other masters degree scholarships available. You can check the scholarships page of the university website you wish to apply for. Refer to our Guide to Scholarships in UK 2023 for more information in detail.
Job opportunities after masters of Finance in UK
After you complete your masters of finance in UK, you can advance your career in commercial banking, hedge funding, financial management, or insurance. Your pay packages can be excellent based on your experience, position, and industry. An average UK employee in the accounting and finance industry typically makes roughly £115,000 per year. Salary increases for up to 2 to 5 years of experience are up to 32%. After your degree in finance, the work opportunities you get along with the average salary are mentioned below.
- Accountant– £25,045 to £61,637
- Finance Controller– £24,864 per year
- Financial Analyst– £54,000-£78,750
- Finanancial Risk Manager– £55,000 per year- £85,000
- Investment Banker– £50,000 and £70,000.
In conclusion, a Masters of Finance in UK is a great way to gain the skills and knowledge necessary to pursue a successful career in the financial sector. With the right qualifications and a competitive edge, graduates with the best Masters in Finance UK can look forward to a successful career in the finance industry.