Study Destination

Masters in Finance in UK: Top 5 Universities, Requirements, Admission Process, Costs & More For MS in Finance in UK

Author_Image
Fiona
14.2k views

While you’re aware that the UK is home to some of the most well-ranked universities, studying MSc Finance UK will prepare you best for the real world and put you under the high-paying job profile category. The students pursuing MSc Finance in UK can expect to receive world class education in the field along with expert assistance to build a promising career. 

Thus if you’ve decided to study in the top universities in UK for Masters in Finance, you’ve made the right choice. This blog will be your guide as it covers all the essential information you require to get started.

Table of Contents

MS in Finance in UK Highlights

Program Duration

1 to 2 years

Total Fees

34,700 GBP - 40,000GBP

 

Admission Eligibility

  1. A Bachelor’s Degree
  2. GMAT/GRE
  3. English Language Requirements
  4. A-Level Mathematics
  5. Work Experience
  6. Passport & Student Visa

Average Salary

Around 30,000 GBP to 65,000 GBP Annually

Why Study MSc Finance in UK?

Before you can access the information about Masters in Finance in UK, let’s understand why UK is the preferred choice for this field:

  • Ranked Universities: UK is home to top universities in the world; thus pursuing a Masters in Finance degree here exhibits better educational certifications during job placements.

  • Higher Salaries: The salaries in the finance sector increased by 8% from 2016-2019. With the increased demand, the salaries are expected to rise even further, resulting in well-paid job opportunities for international students in UK

  • Expert Assistance: The tutors in UK’s leading universities are experts in this field. They hold diverse knowledge on the current markets, which helps them shape the skill sets of finance graduates to match the needs of the real world.

  • Employment Opportunities: Leading companies and financial institutions in the UK including Goldman Sachs, Moody’s, JP Morgan, Allianz, etc. are always on the lookout for finance graduates.

Suggested: Here are some other best courses to study in UK

Now that you are aware of the top benefits of studying MSc Finance UK, let us get acquainted with the admission requirements and process for pursuing the program:

Eligibility Criteria & Admission Requirements for MS in Finance in UK

Pursuing MS in Finance in UK has specific requirements and eligibility criteria that need to be met. While these requirements differ from one university to another, a standard list is followed by all. We have covered the list below:

  1. A Bachelor’s Degree
  2. GMAT/GRE
  3. English Language Requirements
  4. A-Level Mathematics
  5. Work Experience
  6. Passport & Student Visa

Let us explore these Masters in Finance UK requirements one by one:

1.  A Bachelor’s Degree

An undergraduate degree is required with either first-class or 2: 1 honours from any recognized university or international equivalent. Few universities also accept upper second class honours degrees from a recognized university or international equivalent. Ensure that you have studied either one of the disciplines:

  • Mathematics
  • Finance
  • Science
  • Economics
  • Engineering

2.  GMAT/GRE

GMAT or GRE scores are not mandatory but are highly recommended by most universities offering MSc Finance programs in UK. A score of GMAT = 650 or GRE = 320 and above can significantly strengthen your application.

SUGGESTED: Find out the difference between GMAT and GRE

3.  English Language Requirements

Another Masters in Finance UK requirement is passing an English Language test. You can take up any of the below listed English exams and meet these scores:

Suggested: Know the difference between TOEFL and IELTS

4.  A-Level Mathematics

Students should have studied either A-level mathematics or any other subject equivalent to it. Basic knowledge on this subject is required to pursue MSc Finance UK.

5.  Work Experience

Exhibiting a professional experience can help strengthen your application even further.

6.  Passport & Student Visa

Obtaining a visa and passport are a must for international students who want to secure admission to any foreign institution. To study at UK universities, you must have a US student visa for application. Make sure you can apply for the visa at least three months before traveling to the country.

Suggested: Benefits of Studying in UK

Apart from the above requirements, there may be some additional requirements. Make sure you check the university’s official websites to understand any university-specific requirements.

Documents Required for MS in Finance in UK

There are a few documents that need to be submitted when applying for Masters in Finance in UK. Ensure all the below mentioned are checked:

  1. UG Degree certificate
  2. Statement of Purpose
  3. Letter of Recommendation
  4. GMAT/GRE scores
  5. English Language scores
  6. Work Experience Letters
  7. CV/ Resume

Suggested: How to write an effective SOP for UK Universities?

Now that we have discussed all requirements for Finance  Masters in UK, let us understand the admission process:

Admission Process for Masters in Finance in UK

The admission in UK universities takes place in two intakes. The first intake is in January/February, and the second intake is in September/October. To apply for MSc Finance in UK, the following admission process needs to be followed:

  1. Choose the university that offers MSc Finance
  2. Check the entry requirements for the program
  3. Submit the application form along with the required documents before the deadline.
  4. Pay the fees stated and wait for your confirmation
  5. Once the confirmation email is received, pay the tuition fee deposit (if applicable)
  6. Obtain the CAS letter and use it to procure a UK student visa

Suggested: What is a CAS letter in UK and why do you need one?

Note:

The admission process and application deadlines differ from one university to another. Ensure you check these on the universities official website only and submit your application with the relevant document before the deadline.

Another factor to consider for admission  apart from eligibility and requirements is the Masters in Finance UK fees.  Let’s take a look at it below -

Cost of Studying Masters in Finance in UK

The masters in Finance UK fees can been divided into two categories, tuition fees and cost of living. Let’s understand them one by one:

Tuition Fees

The Masters in Finance UK fees, specifically the tuition fees, ranges between 34,700 GBP - 40,000 GBP a year. Do visit the MSc Finance in UK universities official websites to get the exact data.

Cost of Living

The cost of living in UK depends on two factors, choice of area and lifestyle decisions. The average cost of living in the UK is 10,000 GBP - 17000 GBP a year. Most of the expenses are on accommodation as international students who prefer private housing are charged more. For this type of housing, monthly rents can go up to 80 GBP a month.

RECOMMENDED: A detailed breakdown of the cost of living in UK for international students

After having covered all the prerequisites, costs and procedures for admission, let us know about the best universities in UK for Masters in Finance:

5 Top Universities in UK for Masters in Finance

There are multiple best universities in UK for Masters in Finance. Based on the Masters in Finance in UK fees, QS rankings, and programs offered, we have listed the top 5 universities you should consider to study in UK for MS in Finance.

  • University of Oxford
  • Imperial College London
  • London School of Economics and Political Science
  • University of Cambridge
  • University of Edinburgh

Let us briefly discuss these top universities below:

1.  University of Oxford

University of Oxford is considered to be the best university to pursue MS Finance program, not only in the UK but also the world. The university offers two types of finance programs catering to the needs of its students. The teaching is a blend of academics and practical applications designed in consultation with leading financial recruiters.

University of Oxford World Ranking 2024

4

QS Business Masters Rankings 2024: Finance

2

Average Tuition Fees

48,670 GBP/year

Programs Offered

MSc in Financial Economics

MSc in Law and Finance

 2.  Imperial College London

Imperial College London offers a unique and challenging experience via the MS in Finance program. The program has five modules, online pre-study, foundation, core, electives, and project modules. The program also offers an optional international elective to help finance graduates gain international experience in this field. It is amongst the top Finance universities in UK.

Imperial College London World Ranking 2024

6

QS Business Masters Rankings 2024: Finance

15

Average Tuition Fees

39,000 GBP/year

Programs Offered

MSc Finance

MSc Finance and Accounting

3.  London School of Economics and Political Science

London School of Economics and Political Science offers several full-time programs in Finance to cater to those students who wish to plan their careers in the financial sector. In LSE,  Masters in Finance programs focus on strengthening your knowledge of corporate finance and financial markets before moving on to other subjects.

London School of Economics World Ranking 2024

45

QS Business Masters Rankings 2024: Finance

9

Average Tuition Fees

39,984 GBP/year

Programs Offered

MSc Finance

MSc Finance and Economics

MSc Risk and Finance

MSc Accounting and Finance

4.  University of Cambridge

University of Cambridge is another prestigious university in the UK offering a Masters in Finance program. Students who pursue the program can expect to get jobs within a three-month duration as the student’s employment rates are over 86%. The university offers first-class training that is required to shape a promising future for Finance graduates.

University of Cambridge World Ranking 2024

2

QS Business Masters Rankings 2024: Finance

5

Average Tuition Fees

49,000 GBP/year

Programs Offered

Masters of Finance ( MFin)

5.  University of Edinburgh

University of Edinburgh helps you take up any kind of finance job as it heps you develop all skills required to work in the financial sector. It blends theory with practical applications to enhance the learning experience. Did you also know that this university is located in UK’s second-largest financial center, making it the hub for more financial expert interactions?

The University of Edinburgh World Ranking 2024

22

QS Business Masters Rankings 2024: Finance

27

Average Tuition Fees

34,700 GBP/year

Programs Offered

MSc Finance

Related Discussion: Is MS in Finance a STEM degree?

Apart from these, there are other universities in UK for masters in Finance too that you may consider. Some such best universities for Finance UK along with their MSc Finance UK ranking and fees are mentioned below:

University Name

QS Business Masters Ranking: Finance 2024

Average Annual Fees For MSc Finance in UK

Lancaster University

54

25,000 GBP

University of Manchester

24

20,000 GBP

Cranefield University

42

25,000 GBP

University of Warwick

20

38,000 GBP

University of Glasgow

95

25,000 GBP

Suggested: 5 differences between MS Finance & MS Financial Engineering

Scholarships for MS in Finance in UK

Now let us look at the scholarships offered at top universities in UK for masters in Finance:

Scholarship Name

Awarded to

The Chevening Scholarships

Academically excellent students receive scholarships to study masters in UK by the Government.

 

Amount/ Benefit: Covers 1 year of your education, and about 1500 are passed every year.

Lancaster Global Scholarship 2024

Full-time and part-time Postgraduate Taught degree-level programs, offered fully on-campus at Lancaster University for October 2024 entry.

 

Amount/ Benefit: 5,000 GBP for the first year of entry

Adam Smith Scholarship at University of Glasgow

Students pursuing postgraduates courses in in the field of Business, Economics, Finance at University of Glasgow.

 

Amount/ Benefit: 5,000 GBP

Suggested: UK Scholarships for International Students  

After you graduate from the top universities in UK for Masters in Finance, there are diverse job profiles for you to consider in this field.  Let’s explore these below:

Career Opportunities in UK after Masters in Finance

Master of Finance graduates can find jobs across a number of sectors such as retail banking, insurance, investment banking and others. The top recruiters include Barclays, EY, PwC, Deloitte, KPMG, HSBC, Morgan Stanley, Deutsche, Allianz, etc.

As a MSc Finance UK graduate, you  can target a number of job profiles.  We have listed the top ones below:

Job Title

Average Base Salary/ year

Financial Analyst

44,530 GBP

Investment Banker

48,817 GBP

Stockbroker

34,430 GBP

Personal Financial Advisor

41,988 GBP

Financial Manager

59,638 GBP

 Suggested: All about post study work permit in UK for international students

So that was all about MS in Finance in UK. UK is well known for its well-established and highly ranked education system and prestigious universities, which is why pursuing Masters in Finance here will only shape your career path with better opportunities. If you would still require expert assistance to ensure that your decision is the right one, you can consult Yocket counsellors today.

This is everything you need to know about pursuing Masters in Finance in UK. Before we wrap up, we have answered some of the commonly asked questions related to the MS finance  below:

 

Frequently Asked Questions About Masters in Finance in UK

Is UK good for Masters in Finance?

Which university is best for Masters in Finance in UK?

Which country is best for Masters in Finance?

What is the average salary for Masters in Finance in UK?

Articles you might like