The UK has emerged as a centre for education in Finance and business. Master in Finance at UK universities is an advanced program with high requirements. Masters in Finance programs in the UK set a new milestone in the world of education wherein you can grab an opportunity to learn advanced finance skills and gain knowledge. International students planning to pursue the course at UK universities should budget between 23,000 and 47,000 GBP (tuition fee).
With a master of Finance in the UK degree, you can work as a financial analyst, commercial or investment banker, stockbroker, economist, tax adviser, or financial manager, among other things. Salaries for freshers can range from 49,000 to 111,000 GBP per year, depending on the role. Studying on Master's-level's might open up several career opportunities for you to start your career as a financial analyst, financial consultant, banker or account manager and so on. International students can secure lucrative positions with recruiters such as Goldman Sachs, JP Morgan, and Google, who hire finance graduates from UK universities.
Despite the ongoing pandemic, the UK's 2022 stay-back policy for international students has made it easier to work after graduation.
Masters in Finance in the UK – Course Features
Finance post-graduate courses include: The course duration ranges from 9 to 24 months, depending on the institution and course type. In the United Kingdom, the Masters of Finance course curriculum is as follows:
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Module
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Topics and Subjects
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Foundation Modules
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Investments and Valuation
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Security Analysis
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Financial Derivatives
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Efficient-market hypothesis
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Portfolio risk and risk management
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Diversification
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Statistics
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Probability
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Core Modules
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Corporate Finance
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Derivatives
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Ethics & Professional Standards in Finance
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Financial Econometrics
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Investments and Portfolio Management
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Modern Portfolio Theory
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Macro-Finance
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Mathematics for Finance.
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Electives
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Advanced Corporate Finance
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Applied Trading Strategies
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Advanced Options Theory
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Asset Allocation & Investment Strategies
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Banks, Regulations & Monetary Policy
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Credit risk
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Fixed Income Securities
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Macroeconomics and Finance for Practitioners
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Introduction to Quantitative Investing
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Projects
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In this course, you will have to do some projects to learn theories and their practical applications.
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Why Study Masters of Finance in UK
- According to the Financial Times, in 2021, approximately 91% of Master of Finance graduates will be employed within three months of graduation.
- The University of Oxford, the University of Cambridge, and Imperial College London are among the world's top-ranked universities that offer master's degrees in finance.
- Masters In Finance UK for Indian students is held in high regard globally as one of the best masters' programs that cater to students who want to pursue their financial education in the best possible environment.
- Goldman Sachs, JP Morgan, and Google are the top three companies in the UK that employ people in the finance sector.
- Accounting and finance employees' salaries increased by 8% between 2016 and 2019.
Exams to Study Masters in Finance UK
Master of Finance in UK: Program Details
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Course Name
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Master Degree in Finance
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Number of Universities
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127
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Course Duration
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9 months to 1-year
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Average Tuition Fees
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23,000 GBP - 47,000 GBP
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Intake Month
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July
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Job Positions
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Financial Analysts, Commercial or Investment Bankers, Stock, Insurance or Real Estate Broker, Economist, etc.
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Top recruiting companies
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Goldman Sachs, JP Morgan, Google, Morgan Stanley, BlackRock, HSBC, UBS, Barclays, Citi, Bank of America Merrill Lynch
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Average Salaries
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115,000 GBP
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Masters in Finance in UK Universities
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University
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Subject Ranking 2022
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Program Offered
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Total Program Fees in GBP
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University of Oxford
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5
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MSc in Financial Economics (9 months)
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45,000
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University of Cambridge
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6
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Masters in Finance (1 year)
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47,125
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Imperial College of London
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29
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MSc in Finance and Accounting; MSc Finance (1 year)
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35,900
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University of Edinburgh
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44
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MSc Finance (1 year)
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31,350
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University of Manchester
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21
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MSc Finance (1 year)
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30,000
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London School of Economics and Political Science
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4
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MSc Finance (10 months)
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36,984
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University of Bristol
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51-100
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MSc Finance and Investment (1 year)
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29,600
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University of Warwick
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47
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MSc Finance (1 year)
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35,500
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University of Glasgow
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101-150
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MSc Finance & Management (1 year)
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28,420
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University of Sheffield
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151-200
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MSc Finance ( 1 year)
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23,750
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Eligibility Criteria to Study Masters in Finance UK
You have first to check your eligibility criteria for studying Master's degree in finance as there are many courses which can help you get a job in different fields of finance.
Students applying for a master's degree in finance in the United Kingdom should meet the following requirements:
The table below includes the master's in finance application deadlines and eligibility requirements for some of the most popular UK universities:
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University
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Application Deadline
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Minimum % Required in Bachelors
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ELP
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University of Oxford
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Stage 1: November 1
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87% overall
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IELTS: 7.5
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TOEFL: 110
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University of Cambridge
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May-31
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75% overall
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IELTS: 7.5
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TOEFL: 110
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Imperial College of London
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Jan-15
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75% overall
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IELTS: 7.0
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TOEFL: 100
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University of Edinburgh
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Jun-10
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60% overall
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IELTS: 7.0
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TOEFL: 100
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University of Manchester
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Round 4: June 30
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60% overall
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IELTS: 7.0
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TOEFL: 100
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University of Bristol
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Jul-31
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60% overall
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IELTS: 6.5
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TOEFL: 88
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University of Warwick
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Jul-31
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60% overall
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IELTS: 6.5
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TOEFL: 90
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University of Glasgow
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15th of every month
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60%
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IELTS: 6.5
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TOEFL: 88
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Admission Process to Masters in Finance UK
- Applications for master's degrees in finance in the United Kingdom are mostly accepted for the September intake.
- To apply to UK universities, students must have a bachelor's degree in finance or a related field.
- The sections above describe the basic admissions process for pursuing a master's degree in finance in the United Kingdom.
- Applicants should be aware that some of the required scores and documents are generic, so they should always visit the university website before preparing their application package.
Documents Required for Masters in Finance UK
Some supporting documents should be uploaded while filling out the application form to successfully apply for master's in finance in the UK:
- 10th, 10+2, and all semesters of the bachelor's degree mark sheets
- TOEFL, IELTS, PTE, and GMAT/ GRE scorecards are examples of English language tests.
- References from the previous/current institute attended or from the workplace
- 2 years of core finance or finance-related experience (in some institutes, internships are also considered)
- CV containing all personal information, academic credentials, work experience, expertise, and so on.
- Essay of no more than 500 words explaining why you chose this course and this institute and how the course will help you develop a better future.
Cost of Studying Masters in Finance UK
Tuition for a master's degree in finance in the United Kingdom ranges from 23,000 to 47,000 GBP. Cambridge University has the highest annual tuition fee of 47,125 GBP. The tuition fees at the University of Sheffield are the lowest, at 23,750 GBP. For Indian students, the cost of pursuing a master's degree in finance in the UK ranges between 23 and 47 lakhs. High returns are expected to flow in quickly when students invest this much money in their education.
Pre-Arrival Cost
Pre-arrival costs include a variety of expenses that a student must pay before entering the country. These costs may include the cost of the institute's application form, exam application fees such as GMAT or GRE, English language tests such as TOEFL, IELTS, or PTE, UK student visa registration fees, and others.
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Pre-Arrival Expenses
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Cost
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Application Fees
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50 to 120 GBP (INR 4,978 – INR 11,947)
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Visa Application Fees
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348 GBP (INR 34,648)
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IELTS Registration Fee
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150 GBP (INR 14,934)
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IELTS Registration Fee
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140 GBP (INR 13,938)
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GMAT application fees
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194 GBP (INR 19,315)
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GRE application fees
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159 GBP (INR 15,830)
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Cost of Living in UK for Indian Students
International students' monthly average living cost in the UK is around 1170 GBP (INR 1,16,488). The prices listed below are only averages. Your monthly expenses are determined by your lifestyle, accommodation, and location.
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Expenses
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Cost per month
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Rent (for 1 bedroom flat)
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500 GBP (INR 49,781)
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Council Tax
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125 GBP (INR 12,445)
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Other Utilities
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200 GBP (INR 19,912)
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Travel Cost (via public transport)
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55 GBP (INR 5,475)
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Mobile Phone Plan
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40 GBP (INR 3,982)
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Other Costs (food, internet, groceries, etc.)
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250 GBP (INR 24,890)
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Total Monthly Cost
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1170 GBP (INR 1,16,488)
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Masters in Finance in UK with Scholarships
UK Universities and other organisations provide financial assistance to students through scholarships, awards, and bursaries. International students may find it difficult to pursue a master's degree in finance in the United Kingdom.
Some scholarships for international students in the UK that can help with expenses are listed below:
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University
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Scholarship
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Amount Offered in GBP
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Imperial College of London
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MSc Finance Future Leaders Scholarship
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35,900
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University of Edinburgh
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Business School International MSc Scholarship
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4,000 - 10,000
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University of Manchester
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Alliance MBA Masters Scholarships for UK/ EU/ International Students
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Full tuition fees
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London School of Economics and Political Science
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Graduate Support Scheme; LSE Master's Award
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5,000 - 15,000 depending on financial need
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University of Bristol
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Global Accounting and Finance Scholarship
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5,000
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University of Warwick
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WBS Scholarships
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25 - 50% of the tuition fees
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University of Glasgow
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Adam Smith Business School Scholarship
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10,000
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The University of Sheffield
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International Merit Postgraduate Scholarship
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25% of the tuition fees
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University of Cambridge
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MFin Program Scholarship
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5,000 - 25,000
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University of Oxford
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Alumni Annual Fund Scholarship
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10,000
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Oxford Said - HEC Montreal Scholarship
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53,000
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Student Visa Process to Study Masters in Finance UK
Applying for a UK Student Visa entails several steps. UK Study Visa applications are processed within three weeks of receipt of the completed application.
Step 1 - The first step is determining whether you are eligible for a student visa. You must demonstrate that you have:
A guaranteed spot at the school, university, or college you intend to study. A 'confirmation of acceptance for studies' is called (CAS).
Enough money to fulfil your course fees and living expenses in the United Kingdom.
Step 2: Prepare your documents.
Step 3: Submit an online application.
Candidates register and create an account on the official UK Visa website.
After completing your online application, you must print and sign your completed form. You must use the online appointment calendar to make an appointment at the visa application centre. After finishing your online application, you will receive an email with your application number.
Step 4: Pay your application fee in step four. There are four options for paying your visa application fee.
- Payment at Standard Chartered Bank - You can pay your fee at some Standard Chartered Bank branches. The bank will send a demand draught to 'The British High Commission.'
- Demand draught from a domestic or foreign bank - You can pay your fee with a demand draught issued by a domestic or foreign bank. The fees charged by the bank for this service will vary. The draught demand must favour "The British High Commission."
- Payment at the visa application centre - You can pay the visa application fee at the visa application centre after submitting your visa application.
- Candidates can pay the visa application fee online with a Visa or MasterCard credit or debit card.
Step 5: Reach the visa application centre on the scheduled date. You must prepare and attend an appointment at the visa application centre to submit your application, facial photograph, and fingerprints.
Jobs & Salary After MS in Finance in UK
Graduates of the Master of Finance programme can pursue careers ranging from financial management and insurance to commercial banking and hedge funds. Making a career in finance is difficult, but the pay packages are competitive depending on experience, position, and industry. The average person working in accounts and finance in the UK earns around 115,000 GBP. Salary increases of up to 32% after 2 to 5 years of experience.
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Sector
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Employers
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Annual Average Salary
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Hedge Funds
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Capula Investment Management LLP, Man Group, Brevan Howard Asset Management
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Trader Salary – 1,34,971 GBP (INR 1,34,38,150)
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Portfolio Manager – 2.59.356 GBP (INR 2,58,22,323)
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Investment Banks
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Morgan Stanley, JP Morgan Chase, BlackRock, etc
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75,000 GBP (INR 74,67,242)
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Commercial and Retail Banks
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Barclays, Royal Bank of Scotland Group, Lloyds Banking Group
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80,000 GBP (INR 79,65,059)
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Insurance
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Axa, AIG Europe, Liberty Mutual Insurance Europe, etc.
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75,000 GBP (INR 74,67,242)
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Professional Services
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RSM, Smith & Williamson, Moore Stephens, Deloitte, KPMG, PwC
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90000 GBP (INR 89,60,691)
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Top Accounting Firms in UK
These are the top recruiters in the UK for finance sectors.
- EY
- PwC
- Deloitte
- KPMG
- HSBC
- Barclays
- Lloyds Banking Group
- Morgan Stanley
- Deutsche
- JP Morgan
- Admiral Group
- Aviva
- Allianz
- AXA
- Prudential
This blog should have provided you with the fundamentals of pursuing a master's in Finance in the UK. Do you want to study in UK? Contact AECC Global experts, and we will assist you in shortlisting the best course and university in the UK and helping you throughout the admissions process to ensure that you are successfully shortlisted! Sign up for a free consultation with us today!
FAQs About Masters In Finance UK
Is doing a Masters in Finance worth it?
A Master of Finance degree will help you break into the fascinating world of finance while also preparing you for long-term job success in a variety of sectors. Masters in Financial graduates get some of the highest-paying finance jobs at well-known businesses such as JP Morgan and Goldman Sachs.
What is the average salary of Masters in Finance in UK?
The typical financial analyst income in the UK ranges from £54,000 to £78,750, depending on the individual's skill set, region, and amount of experience. London-based financial analysts earn the highest incomes in the UK, ranging from £62,100 to £90,563.
Which finance course is best in UK?
The London School of Economics and Political Science (LSE) is rated first among major financial universities in the United Kingdom, and is regarded one of the world's largest and most prestigious finance groupings. It provides a variety of bachelor's and master's degree programmes to both domestic and international students.
