Finance is one of the most important areas which is applicable in the majority of sectors. Since UK is among the top finance hubs, many international students prefer studying finance courses in UK. With finance courses in UK, students will have a great understanding about the subject and its requirements.
Studying finance courses in UK will provide students with the necessary business language abilities. From MBA in finance in UK to undergraduate finance courses, students have multiple options. A finance degree will provide students with strong knowledge of accountancy procedures and finance.Upon completion of the course, students can opt for multiple job options including- financial analyst, commercial or investment banker, tax advisor, financial manager, etc. Students are finding the finance career interesting, and this article presents complete information about top finance universities in UK, scholarships, and others.
Why Study Finance Courses in UK?
There are different modules in different levels of finance courses in UK. There is strong network of finance professionals in UK, which is a global leader in the creation of accounting standards. A UK degree will provide you with wide knowledge of the subject matter and technical skills that you can use in any sector. There are other reasons to study finance in UK. These are-
- Top QS Ranking Universities
There are some top finance universities in UK with top ranking in which students will learn modern insights of marketing prospects undertaken by company leaders.
- Good Job Opportunities
There are good job opportunities in UK for fresh finance graduates. Top companies hire freshers offering good Pay Scale and positions in the finance department.
- Demand in the Top Finance Domains
One of the major reasons to pursue finance courses in UK is the high demand in the the market. Every company needs a solid finance department to handle company's finance region. Moreover, the domain is in high demand in global level too
- Improves Interpersonal Skills
Finance degree in UK isn't limited to numbers, but helps to improve interpersonal skills. It offers a chance to international students to complete their studies in a year in place of 3 or 4 years. Further, the course will broaden thinking, bring you into contact with interesting people, and trigger new ideas.
Suggested: UK Education System
Best Universities for Finance UK
One of the major objectives of international students is to enrol is to pursue finance in UK from top universities. The top universities offering finance courses in UK, together with program costs are shown below.
- University of Oxford
- University of Cambridge
- Imperial College of London
- University of Edinburgh
- University of Manchester
Let us check each in detail:
1. University of Oxford
Oxford University is one of the most prestigious institutions in the study abroad field. The finance course offers exceptional training in the financial economics tools that financial institutions, businesses, and government agencies want. The course is developed in collaboration with top financial recruiters and combines a demanding academic core with specific practical applications.
|
Type |
Public |
|
QS World University Ranking 2023 |
4 |
|
QS Subject Ranking 2022 |
4 |
|
Programs Offered |
BA (Hons) in Economics and Management- 3 years MSc in Financial Economics-1 year DPhil in Finance- 4 years |
|
Program Fees (Annual) |
BA- GBP 29,000 (INR 27,39,573) MSc- GBP 46,140 (INR 44,22,539.79) DPhil- GBP 21,800 (INR 20,59,403) |
2. University of Cambridge
This public Institution University of Cambridge was founded in 1209. The finance degree offered by the university focuses majorly on theory and practice of the field in real world. Moreover, students are presented with industry experts who offer insights and help students prepare for the challenges in finance field.
|
Type |
Public |
|
QS World University Ranking 2023 |
2 |
|
QS Subject Ranking 2022 |
6 |
|
Programs Offered |
Masters in Finance- 1 year MPhil in Finance- 3-4 years
|
|
Program Fees (Annual) |
Approx MSc- GBP 48,191 (INR 46,19,129.07) MPhil-GBP 13,636 (INR 12,88,166) |
3. Imperial College of London
Imperial College London is one of the top public research institutions in the world. It is one of the UK's most giving universities in terms of financial support and provides a variety of scholarships to worthy students. Finance courses offered by the university have a track record of placing graduates in the best positions in the finance industry for the past 20 years, including consultancy, asset management, and investment banking. Students receive practical training under professionals of the industry.
|
Type |
Public |
|
QS World University Ranking 2023 |
- |
|
QS Subject Ranking 2022 |
- |
|
Programs Offered |
BSc in Economics, Finance and Data Science- 3 years BSc in Mathematics with Statistics for Finance- 3 years MSc in Finance and Accounting- 1 year |
|
Program Fees (Annual) Program Fees (Annual) |
Approx BSc- GBP 20,000- 27,000 (INR 1889360- 2550637) MSc-GBP 36,810 (INR 35,28,255.09) |
4. University of Edinburgh
The University of Edinburgh is regarded as the sixth-oldest university in Scotland, having been founded in 1582. The finance program has been designed to allow you the flexibility to match your education to your professional goals. You will be well prepared for a variety of finance-related careers through practical, and theoretical, methods of teaching.
|
Type |
Public |
|
QS World University Ranking 2023 |
15 |
|
QS Subject Ranking 2022 |
44 |
|
Programs Offered |
MA Finance and Business- 4 years MA in Accounting and Finance- 4 years MSc Finance- 1 year MSc in Finance, Technology and Policy- 1 year |
|
Program Fees (Annual) |
Approx MA- GBP 26,300 (INR 24,84,509) MSc- GBP 32,298 (INR 30,95777.85) |
5. University of Manchester
The esteemed Russel Group of British universities with a focus on research includes the University of Manchester. The finance course will help you develop in-demand quantitative abilities by working with our award-winning finance professionals. You will acquire the fundamental knowledge required to pursue a variety of fascinating finance occupations on a global scale.
|
Type |
Public |
|
QS World University Ranking 2023 |
28 |
|
QS Subject Ranking 2022 |
18 |
|
Programs Offered |
BA in Finance- 3 years MSc in Finance-1 year PhD in Accounting and Finance- 3 years |
|
Program Fees (Annual) |
Approx BA- GBP 26,000 (INR 24,56,169) MSc- GBP 10,000 (INR 94,46,80) PhD- GBP 25,000 (INR 23,61,701) |
Suggested: Masters in Finance in UK
Course Curriculum of Finance in UK
The course curriculum for finance in UK covers varied areas of accounting and finance. Case studies and simulations are used throughout the Finance courses in UK to help you comprehend the application of academic theory and knowledge in a practical setting. Some of the subjects covered are-
Subjects covered under Bachelor's-
- Management Accounting
- Financial Modelling
- Insurance
- Quantitative Techniques
Subjects covered under Master's
- Advanced Management Accounting
- Advanced International Financial Reporting
- Foundations of Finance Theory
- Finance Statistics
Subjects covered under PhD
- Corporate Governance
- Empirical Methods in Finance
- Financial Markets in the Macroeconomy
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Eligibility Criteria & Admission Requirements to Study Finance Degree in UK
Some of the best universities for finance UK have their own set of eligibility criteria as a part of the admission process. We have listed the common ones to follow:
- Educational Qualification
- English Language Proficiency Test Scores
- ACT/SAT Scores
- GRE or GMAT Test Scores
- Work Experience
- UK Student Visa
- Additional Requirements
Let us check in details:
- Educational Qualification
For Bachelors
You need to provide a qualifying certificate of 12th grade with a score of 50-60% from any registered educational institution in finance or accounting. The overall GPA score should be around 3.0
For Masters
Students need to provide a passing certificate of BA (Hons) or BSc in finance with a score of 60-70% from a reputed university. Having 2-3 years of work experience will be an added advantage
PhD
The standard requirement for this course level is bachelors and masters in finance with more than 50% score.
- English Proficiency Exam Score
Students while applying to top finance universities in UK need to submit the score of English Language Proficiency test. However, the score may differ according to the university in UK.
- ACT/SAT Scores
There are different scores for ACT/SAT demanded by universities. The overall score required are-
- GRE or GMAT Test Scores
There are some top finance universities in UK that demand GMAT/GRE scores. However, different universities have different score requirements. The average score is:
- Work Experience
Not all universities would ask for work experience. However, to pursue masters or higher level of finance courses in UK, having 3-4 years of work experience can be an added advantage.
- UK Student Visa
To apply for a UK study visa, international students need to have the acceptance letter from the applied university. The average processing time for a UK study visa is 3 weeks, though during busy periods it may take longer.
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Important Resources to Study about UK |
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Documents Required to Study Finance in UK
To study in any best universities for finance UK you need to provide certain documents:
- Statement of Purpose
- Letter of Recommendation
- Official Transcripts
- Updated Resume/CV
- Academic Documents
- A valid passport is compulsory
- Financial Support Proof
- GRE/GMAT score
Suggested: Requirements to Study in UK
Admission Process in Best Universities for Finance in UK
To complete the admission process, you need to have all the required documents. Below are the steps to follow for admission process:
- Check the official university website to see if you match the eligibility requirements for your desired program.
- Take a look at the important documents and permits that you need to submit along with your application.
- Complete the online application form and pay the application cost.
- After submitting your application, you can log in to the admission portal.
- Meanwhile, you can gather all of the documents needed to apply for a UK study permit.
- If you meet the required needs, the university invites you for the entrance exam.
- The cut-off for the entrance exam is determined by the college administration. If an applicant performs well on the entrance exam and meets the cut-off, the next step is processed.
- Once the university accepts documents and scores, you can get an acceptance letter from the applied university
- After receiving an acceptance letter you can apply for the UK study visa
Suggested: How to Apply to UK Universities
Cost of Studying Finance in UK
The total cost to study finance in UK depends on the university and location. Below mentioned is the cost of finance course in UK.
1. Program Fees
One of the primary costs an international student incurs while studying abroad is tuition fees. Different universities in UK charge different fees, depending on the course level. The overall cost of study is around:
- BA- GBP 26,000 (INR 24,56,169)
- MSc- GBP 10,000 (INR 94,46,80)
- PhD- GBP 25,000 (INR 23,61,701)
2. Cost of Living
The cost of living in UK depends on the lifestyle and where you live. You need to check upon different cities of the UK for the living cost and compare.
|
Facilities |
Cost Per Month |
|
Accommodation |
GBP 830 (INR 79555.87) |
|
Food |
GBP 50 (INR 4792.52) |
|
Transportation |
GBP 32 (INR 2576.27) |
|
Study Materials |
GBP 1000 (INR 95850.45) yearly |
Scholarships for Finance Degree in UK
Students can get financial aid in the form of scholarships, awards, and other grants from UK universities and other organisations. For international students, getting a degree in finance in the UK might be challenging.
|
Scholarships |
Amount Granted |
|
MSc Finance Future Leaders Scholarship |
GBP 36,810 (INR 35,28,255.09) |
|
Business School International MSc Scholarship |
GBP 10,253 (INR 98,27,54.67) |
|
Alliance MBA Masters Scholarships for UK/ EU/ International Students |
Covers full tuition fees |
|
Global Accounting and Finance Scholarship |
GBP 5126 (INR 49,13,29.41) |
Suggested: UK Scholarships for Indian Students
Job Scope After MBA in Finance in UK
Graduates of the Master of Finance program can advance their careers in commercial banking, hedge funding, or insurance. Although pursuing a career in finance is difficult, pay packages can be excellent based on experience, position, and industry.
|
Job Roles |
Average Annual Fees |
|
Finance Officer |
GBP 35,902 (INR 34,41,222.88) |
|
Financial Analyst |
GBP 78,750 (INR 75,48,222.99) |
|
Financial Controller |
GBP 77,600 (INR 74,37,994.97) |
|
Financial Broker |
USD 42,406 (INR 40,64,634.21) |
Suggested: Job Opportunities after Studying in UK
A student interested in studying finance in the UK has many options, including a program with a short duration, significant returns on investment, a degree that is relatively less expensive, etc. One thing is certain for students interested in pursuing a master's degree in finance in the UK; that there is a good career opportunity. If you are keen to study finance in UK, Yocket Professionals are ready to help.
