Planning to study Masters in Finance in the UK? We must tell you this could be your best decision. The UK is renowned for its prestigious business schools offering one-year Master’s degrees in Finance. A Master’s in Finance, known as M.Fin., MiF, or MSc in Finance in the UK and Europe, prepares students for various roles in the financial sector. This degree is ideal for individuals with a knack for numbers who wish to delve deeper into finance and accounting.
Studying in the UK provides a unique advantage. Students gain a solid understanding of financial concepts, helping them secure lucrative jobs post-graduation. Additionally, this knowledge is invaluable for personal financial growth. With the UK’s prominent role in historical financial revolutions, students benefit from being at the heart of a major financial hub.
The UK’s reputation for educational excellence makes it a popular destination for finance students. Renowned institutions such as the University of Oxford, London School of Economics, University of Cambridge, and Imperial College London consistently rank highly in global surveys. These schools offer top-tier education and are located in a country with a rich history of financial innovation dating back to 1688.
Thus, a masters in Finance in the UK is an excellent choice for those interested in advancing their careers in finance. The combination of high-quality education and the UK’s historical financial significance makes it an attractive option for aspiring finance professionals. Without further ado, let’s get started…
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Masters in Finance in the UK: Highlights
A 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.
Here are some of the highlights about MS in Finance in the UK:
Particulars | Highlights |
Name of the Course | Masters in Finance |
Masters in Finance in the UK Duration | Varies between 9 months to 1 year |
Top Universities | Cranfield School of Management; Imperial College Business School; Lancaster University Management School; London Business School; London School of Economics; Manchester (Alliance); University of Cambridge; among others. |
Popular Specializations | Corporate finance; Accounting; Economics; Financial Engineering; Financial planning; International Finance; MSc Quantitative Finance; Financial econometrics; Financial management; Investments; Risk management |
Average Salary | GBP 39,000 per year, reaching up to GBP 99,000 with experience. |
Top Employers | Microsoft, Apple, Goldman Sachs, Capgemini, BT Group, IBM Group, Google, and Amazon, among others. |
Also, read: Top reasons why pursue and choose UK & Masters in the UK
Eligibility & Admission Process: Masters in Finance in the UK
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 in this section, we will guide you through the eligibility criteria and admission process for a Masters in Finance in the UK:
Eligibility Criteria
- You must hold an undergraduate or bachelor’s degree in a relevant field, such as accounts, finance, commerce, or a related discipline.
- A solid foundation in mathematics, including statistics and calculus, is typically required.
- You’ll need to showcase your aptitude with standardized tests, aiming for an average of 680 on the GMAT or 325 on the GRE.
- 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.
- 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
- Begin by choosing the university that offers the MSc in Finance program that aligns with your goals.
- Carefully go through the entry requirements specified by your chosen university to ensure you meet all the prerequisites.
- 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.
- Complete the university’s application form and attach all necessary documents before the application deadline.
- Pay the requisite application fees and await confirmation of your application.
- Once accepted, you’ll receive a Confirmation of Acceptance for Studies (CAS letter, which is essential for your UK student visa application.
- 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”
Documents required to study in the UK
To study in the UK, you generally need the following documents:
- A valid passport with at least six months remaining before expiration.
- A student visa (Tier 4 for long-term courses or Short-term study visa for short courses).
- CAS (Confirmation of Acceptance for Studies) Issued by your UK educational institution.
- Proof of sufficient funds to cover tuition and living expenses.
- Certificates and transcripts from previous education.
- IELTS, TOEFL, or other accepted English tests.
- Required for students from certain countries.
- Typically, two recent photos.
- Payment confirmation for the Immigration Health Surcharge (IHS).
- Proof of accommodation in the UK.
Make sure to check specific requirements from your chosen institution and visa category.
Top universities for Masters in Finance in the UK
Following is the list of the top Universities to study a Master in Finance in the UK along with courses offered and ranking:
University | QS World University Rankings (2024) | Course Offered |
University of Cambridge | 2 | Masters in Finance |
University of Oxford | 3 | MSc in Financial Economics |
Imperial College London | 6 | MSc Finance |
University of Edinburgh | 22 | MSc Finance |
University of Manchester | 32 | MSc Finance |
London School of Economics and Political Science | 45 | MSc Finance |
University of Bristol | 55 | MSc Finance and Investment |
University of Warwick | 67 | MSc Finance |
University of Glasgow | =76 | MSc Finance & Management |
University of Sheffield | 104 | MSc Finance |
Must read: Top Universities in the UK
Cost of Masters in Finance in the UK
The cost of pursuing a Master 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 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!
Scholarships for Masters in Finance in the UK
Following are some of the scholarships you can consider for studying Masters in Finance in the UK:
Scholarship Name | Award Amount |
Commonwealth Scholarships | Funded by the Foreign Commonwealth and Development Office (FCDO) |
Cranfield Scholarship | Partial tuition fee coverage at the discretion of the course director for the program |
International Postgraduate Taught Merit Scholarship 2023 | 125 scholarships worth 25% of your tuition fee |
Lancaster Global Scholarship | £5000 in your first year of study |
LSE Master’s Award | Partial scholarship offered by the London School of Economics |
The Chevening Scholarship | Full 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 Scholarships | Managed by the British Council with 41 UK universities |
UCL Global Masters Scholarships | Partial scholarship offered by University College London |
WMG Excellence Scholarships | Partial 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
Job opportunities after Master in Finance in the UK
Graduating with an MFin 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.
Popular Job Titles
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 Masters in Finance a promising investment for those seeking a rewarding financial career in the UK.
Final Thoughts!
Pursuing a Masters 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.
For more assistance reach out to iDreamCareer! We have helped several young potential students like you! Here is our success story out of many:
Ragavi Goyal, a determined student from Rajghat Besant School, Varanasi, 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.
FAQs
Pursuing a Masters in Finance in the UK offers access to world-renowned universities, excellent teaching standards, and a strong historical foundation in finance. Graduates gain valuable skills for high-demand careers, benefiting from the UK’s global financial hub status and extensive professional networks.
An MBA provides broader business management skills, ideal for leadership roles, while a Master’s in Finance offers specialized expertise in finance, suitable for finance-focused careers. Choose an MBA for versatility and leadership opportunities; opt for a Master’s in Finance for specialized knowledge and a career in finance.
An MS in Accounting and Finance integrates in-depth knowledge of both accounting principles and financial management, preparing graduates for roles in auditing, financial analysis, and management accounting. Conversely, a Master’s in Finance focuses exclusively on financial markets, investment strategies, and corporate finance. The key distinction lies in the broader accounting emphasis within the former.
Work experience is not always necessary for studying for a Master’s in Finance in the UK. Many programs accept fresh graduates, though some prestigious institutions may prefer or require relevant experience. It’s advisable to check specific entry requirements for each university to be certain.

Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.