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.
MS in Finance in UK Highlights
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Program Duration |
1 to 2 years |
|
Total Fees |
34,700 GBP - 40,000GBP
|
|
Admission Eligibility |
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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.
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:
- A Bachelor’s Degree
- GMAT/GRE
- English Language Requirements
- A-Level Mathematics
- Work Experience
- 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:
- IELTS: 6.0 - 7.5
- TOEFL: iBT: 100
- Duolingo English Test- 125
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.
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:
- UG Degree certificate
- Statement of Purpose
- Letter of Recommendation
- GMAT/GRE scores
- English Language scores
- Work Experience Letters
- CV/ Resume
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:
- Choose the university that offers MSc Finance
- Check the entry requirements for the program
- Submit the application form along with the required documents before the deadline.
- Pay the fees stated and wait for your confirmation
- Once the confirmation email is received, pay the tuition fee deposit (if applicable)
- Obtain the CAS letter and use it to procure a UK student visa
What is a CAS letter in UK and why do you need one?
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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.
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4 |
|
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QS Business Masters Rankings 2024: Finance |
2 |
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Average Tuition Fees |
48,670 GBP/year |
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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.
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6 |
|
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QS Business Masters Rankings 2024: Finance |
15 |
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Average Tuition Fees |
39,000 GBP/year |
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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.
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45 |
|
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QS Business Masters Rankings 2024: Finance |
9 |
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Average Tuition Fees |
39,984 GBP/year |
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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.
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2 |
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QS Business Masters Rankings 2024: Finance |
5 |
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Average Tuition Fees |
49,000 GBP/year |
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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?
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22 |
|
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QS Business Masters Rankings 2024: Finance |
27 |
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Average Tuition Fees |
34,700 GBP/year |
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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:
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University Name |
QS Business Masters Ranking: Finance 2024 |
Average Annual Fees For MSc Finance in UK |
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54 |
25,000 GBP |
|
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24 |
20,000 GBP |
|
|
42 |
25,000 GBP |
|
|
20 |
38,000 GBP |
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|
95 |
25,000 GBP |
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:
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Scholarship Name |
Awarded to |
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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. |
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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 |
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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:
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Job Title |
Average Base Salary/ year |
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Financial Analyst |
44,530 GBP |
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Investment Banker |
48,817 GBP |
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Stockbroker |
34,430 GBP |
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Personal Financial Advisor |
41,988 GBP |
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Financial Manager |
59,638 GBP |
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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:
