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Home » Masters in Finance in the UK 2024: Everything About Fees, Colleges, Admission Process, & Much More!

Masters in Finance in the UK 2024: Everything About Fees, Colleges, Admission Process, & Much More!

Master's in Finance in UK

Are you looking to pursue a master’s in finance? But not in India? Okay, how about studying in the UK? Look no further than the vibrant and diverse United Kingdom! Known for its rich academic heritage and captivating cultural experiences, the UK offers world-class education, especially in the field of finance. In this comprehensive blog, we will uncover key insights and highlights you should consider when contemplating a Master’s in Finance in the UK.

The United Kingdom boasts prestigious institutions that provide exceptional finance programs. We’ll delve deep into the programs they offer, exploring critical details such as tuition costs, program durations, and university choices. Whether you dream of joining a renowned institution or seek an option that aligns with your budget, we’ve got you covered.

Before you start packing your bags and heading to the British Isles, it’s crucial to understand the admission process. We’ll guide you through the entire procedure, ensuring that you are well-prepared to secure a spot in your desired finance program. From admission requirements to language proficiency tests and the cost of living in the UK, we’ll provide insights into everything you need to know before making your decision.

Financing your education is a significant concern for many students. That’s why we’ll delve into tuition fees and available scholarships, allowing you to make well-informed financial decisions. Explore various scholarship opportunities and their respective amounts to ease your financial planning.

Once you’ve earned your Master’s degree in Finance in the UK, what comes next? We will explore the exciting world of job placements, career prospects, and potential salary ranges, offering you a clear picture of your future path. Whether your goal is to work in the UK or use your degree on a global scale, we will provide valuable insights.

In this blog, we’ve covered everything from program highlights to career prospects, ensuring you have all the information required to embark on your journey toward a Master’s in Finance in the UK. Let’s take the first step together toward a brighter future in the world of finance.

Let’s dive in…

Highlights of Masters in Finance in the UK

In this section, we will provide you with information about why you should consider Studying in the UK (Masters in Finance degree). Here are the top 10 reasons why study a Master in Finance in the UK:

Reasons to Study Masters in Finance
in the UK
Description
Affinity of SpecializationsThe UK offers a variety of renowned business schools with exceptional Master of Finance programs that provide diverse specializations. Students can choose from options like Risk Management, Emerging Markets, International Financial Reporting, Financial Regulation, and Strategic Finance Practice, tailoring their education to their interests.
Increased SalariesThe finance sector in the UK has witnessed substantial salary growth between 2016 and 2019, offering competitive remuneration for international students. This financial incentive makes pursuing a finance degree in the UK particularly attractive.
Prosperous Career OpportunitiesA Master’s in Finance opens doors to a wide range of global career opportunities, including roles such as Investment Banker, Stockbroker, Financial Consultant, and Investment Broker. The field offers both challenges and financial rewards, with earnings tied to experience and position.
Expert AssistanceThe top UK universities offering MSc Finance programs boast faculty members who are experts in their fields, with extensive work and teaching experience. Their diverse knowledge of current financial markets equips students with the necessary skills and knowledge for the real world.
Sharpened Skills and Industry KnowledgeFinance professionals are in constant demand worldwide, and their expertise is highly sought after. Pursuing a finance degree not only enhances analytical thinking but also provides the technical financial know-how necessary for effective collaboration with peers in the industry.

Also, read: Top reasons why pursue and choose UK & Masters in the UK

The United Kingdom offers a wide range of popular specializations for master’s in Finance degree programs. Some of the most sought-after areas of study include:

  • Corporate finance
  • Accounting
  • Economics
  • Financial Engineering
  • Financial planning
  • International Finance
  • MSc Quantitative Finance
  • Financial econometrics
  • Financial management
  • Investments
  • Risk management

These fields represent just a glimpse of the diverse and prestigious master’s in Finance degree programs available in the UK. The choice of a specific field often depends on an individual’s interests, career goals, and the reputation of the university.

Also, read: Intakes in the UK and Top 10 Courses in the UK for Indian Students

Top Universities to study masters in Finance in the UK

Following is the list of the top 20 Universities to study a Master in Finance in the UK along with courses offered:

Name of universityDegree offered
Cranfield School of ManagementM.Sc in Finance and Management
Imperial College Business SchoolM.Sc in Finance
Lancaster University Management SchoolM.Sc in Finance
London Business SchoolM.Sc in Financial Analysis
London School of EconomicsM.Sc in Finance
Manchester (Alliance)M.Sc in Finance
University of CambridgeMaster of Finance
University of Edinburgh Business SchoolMasters in Finance
University of OxfordM.Sc in Financial Economics
Warwick Business SchoolM.Sc in Finance

Must read: Top Universities in the UK

Cost of studying Master in Finance in the UK

The cost of pursuing a Master’s in Finance in the UK can vary significantly, depending on the university you choose. Tuition fees for this program typically range from 23,000 to 47,000 GBP. Among the renowned institutions in the UK, the University of Cambridge stands at the higher end of this range, with an annual tuition fee of 47,125 GBP. On the other hand, the University of Sheffield offers a more budget-friendly option with the lowest tuition fee of 23,750 GBP.

For Indian students, this translates to an expenditure of approximately 23 lakhs to 47 lakhs INR. It’s a substantial investment in your education, and understandably, students expect substantial returns on this investment. While the initial financial outlay may seem significant, a Master’s in Finance from a UK institution can open up lucrative career opportunities in the finance sector, making it a potentially rewarding long-term investment in one’s future. Planning and understanding the costs involved is crucial for international students to make informed decisions about their education abroad.

Want to know more about the cost involved in studying Masters in Finance in the UK? Refer to our Cost of Studying in the UK for International Students blog post!

Scholarship to study Masters in Finance in the UK

Following are some of the scholarships you can consider for studying Masters in Finance in the UK:

Scholarship NameAward Amount
Commonwealth ScholarshipsFunded by the Foreign Commonwealth and Development Office (FCDO)
Cranfield ScholarshipPartial tuition fee coverage at the discretion of the course director for the program
International Postgraduate Taught Merit Scholarship 2023125 scholarships worth 25% of your tuition fee
Lancaster Global Scholarship£5000 in your first year of study
LSE Master’s AwardPartial scholarship offered by the London School of Economics
The Chevening ScholarshipFull financial support to study for any eligible master’s degree at any UK university, along with access to exclusive academic, professional, and cultural experiences
The Great ScholarshipsManaged by the British Council with 41 UK universities
UCL Global Masters ScholarshipsPartial scholarship offered by University College London
WMG Excellence ScholarshipsPartial award given by the University of Warwick

Please note that the availability and details of these scholarships may change over time, so it’s essential to check the official websites of the respective universities and organizations for the most up-to-date information and application deadlines.

Also, read: Scholarships to Study Abroad for Indian Students

Eligibility & Admission Procedure to study masters in Finance

 Studying for a master’s degree in finance in the UK is a promising opportunity, and understanding the eligibility criteria and admission process is crucial for aspiring students. Here’s a comprehensive guide to help you navigate your way into the world of finance education in the UK.

Eligibility Criteria

  • Academic Background: You must hold an undergraduate or bachelor’s degree in a relevant field, such as accounts, finance, commerce, or a related discipline.
  • Mathematical Proficiency: A solid foundation in mathematics, including statistics and calculus, is typically required.
  • Standardized Test Scores: You’ll need to showcase your aptitude with standardized tests, aiming for an average of 680 on the GMAT or 325 on the GRE.
  • English Language Proficiency: Demonstrating fluency in English is crucial. A minimum IELTS score of 6.5 to 7.5, or a TOEFL score of 88-110, is often expected.
  • Work Experience: While not mandatory, some institutions may value up to two years of professional experience in a related field.

Also, read: IELTS Score Requirement for UK

Admission Procedure

  • Select Your Preferred University: Begin by choosing the university that offers the MSc in Finance program that aligns with your goals.
  • Review Entry Requirements: Carefully go through the entry requirements specified by your chosen university to ensure you meet all the prerequisites.
  • Gather Required Documents: Assemble essential documents, including your bachelor’s degree certificate, two academic references, English language proficiency scores, GRE/GMAT scores, a Statement of Purpose, CV/Resume, Letter of recommendation, and work experience letters if applicable.
  • Application Submission: Complete the university’s application form and attach all necessary documents before the application deadline.
  • Pay Application Fees: Pay the requisite application fees and await confirmation of your application.
  • Confirmation of Acceptance for Studies (CAS): Once accepted, you’ll receive a CAS letter, which is essential for your UK student visa application.
  • Apply for a Student Visa: Initiate the process for your UK student visa using your CAS letter to secure your journey to academic excellence.

Understanding and meeting the eligibility criteria, along with diligently following the admission process, is vital to ensure a smooth path to pursuing a Master’s in Finance in the UK. Good luck on your educational journey! If you need any assistance, please contact “Study Abroad Consultants in Kerala

Job opportunities after Master in Finance in the UK

Graduating with a Master’s degree in finance in the UK opens up a world of career possibilities. Your prospects are influenced by various factors, including the university you attend, the industry you choose, your job role, and your salary expectations.

The UK offers a variety of job opportunities for MS graduates. Here are some popular career paths:

  • Finance Officer
  • Financial Analyst
  • Financial Analyst
  • Fund Manager
  • Investment Banker
  • Portfolio Manager
  • Private Equity Analyst
  • Trader in Hedge Fund

Average salary after Masters in Finance in the UK

Graduates holding a Master of Finance degree in the UK have a plethora of placement opportunities spanning various sectors, including retail banking, insurance, and investment banking, with prestigious recruiters such as Barclays, EY, PwC, Deloitte, KPMG, HSBC, Morgan Stanley, Deutsche, and Allianz.

When it comes to the average salaries for different job profiles, MSc Finance graduates can anticipate competitive earnings. Financial Analysts can expect an average base salary of £44,530 per year, while Investment Bankers command an impressive £48,817. Stockbrokers earn around £34,430 annually, while Personal Financial Advisors receive approximately £41,988. Financial Managers top the list with an average base salary of £59,638 per year, making a Master’s in Finance a promising investment for those seeking a rewarding financial career in the UK.

Final Thoughts!

Pursuing a Master’s in Finance in the UK offers a myriad of advantages for international students. With a diverse range of specializations, renowned universities, and promising career prospects, it’s a strategic choice for those seeking excellence in finance education. The UK’s financial sector provides lucrative opportunities and competitive salaries, and top-notch faculty ensures students acquire the necessary skills and industry knowledge.

While the cost of education can vary, scholarships and financial aid options are available to support your academic journey. The eligibility criteria and admission process are well-defined, ensuring a smooth path to enrollment. Graduates can look forward to rewarding careers in various finance roles with competitive salaries, making a Master’s in Finance in the UK a valuable investment in one’s future.

For more assistance reach out to iDreamCareer! We have helped several young potential students like you! Here is our success story out of many:

Experience the inspiring story of Ragavi Goyal, a determined student from Rajghat Besant School, Varanasi, as she makes her dream of becoming a doctor a reality. 

With the support and guidance of iDreamCareer’s mentors, Ragavi excels academically, actively participates in social causes, and secures admission into prestigious institutions like UC Berkeley. Ragavi’s success highlights the transformative impact of mentorship in attaining goals.

Masters in Finance in the UK: FAQs

What are the key reasons to consider pursuing a Master’s in Finance in the UK?

The UK offers diverse specializations, competitive salaries, abundant career opportunities, expert faculty, and a strong emphasis on industry knowledge in finance education.

What are the popular specializations for Master’s in Finance in the UK?

Specializations in the UK include Corporate Finance, Financial Engineering, International Finance, and more, allowing students to tailor their education to their interests and career goals.

Which are the top universities to study Master in Finance in the UK?

Some top UK universities for finance programs are the University of Cambridge, London Business School, and the London School of Economics, offering various finance-related degrees.

What are the eligibility criteria for admission to a Master’s in Finance program in the UK?

The eligibility typically requires an undergraduate degree in a related field, mathematical proficiency, standardized test scores (GMAT or GRE), and English language proficiency, and some institutions may value professional experience.

What is the admission procedure for a Master’s in Finance in the UK?

The admission procedure involves choosing a university, meeting entry requirements, gathering necessary documents, completing the application, paying application fees, and applying for a student visa using the Confirmation of Acceptance for Studies (CAS) letter.

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