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Masters in Finance in UK: Top 5 Universities To Consider For MS in Finance in UK

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Yocket Editorial Team
18 mins read
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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:

  1. Why study MSc Finance in UK?
  2. Eligibility Criteria & Admission Requirements for MS in Finance in UK
  3. Documents Required for MS in Finance in UK
  4. Admission Process for Masters in Finance in UK
  5. Cost of Studying Masters in Finance in UK
  6. 5 Top Universities in UK for Masters in Finance
  7. Career Opportunities in UK after Masters in Finance
  8. Frequently Asked Questions About Masters in Finance in UK


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:

  • A Bachelor’s Degree
  • GMAT/GRE
  • English Language Requirements
  • A-Level Mathematics
  • Work Experience

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


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


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


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: 0
  • TOEFL: iBT: 100
  • Duolingo English Test- 125

SUGGESTED: Know the difference between TOEFL and IELTS


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.


Work Experience

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

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
  • GMAT/GRE scores
  • English Language scores
  • 2 Academic references
  • Work Experience Letters
  • 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:

  • 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

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 cost of studying has 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- £39,984 a year.


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- £17000 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 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.

  1. University of Oxford
  2. Imperial College London
  3. London School of Economics and Political Science
  4. University of Cambridge
  5. 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.

QS World Rankings 2022

2

QS Business Masters Rankings 2021: Finance

1

Average Tuition Fees

£48,670/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.

QS World Rankings 2022

7

QS Business Masters Rankings 2021: Finance

12

Average Tuition Fees

£39,000/year

Programs Offered

  • MSc Finance
  • MSc Finance and Accounting


3.
London School of Economics and Political Science

LSE 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.

QS World Rankings 2022

49

QS Business Masters Rankings 2021: Finance

9

Average Tuition Fees

£39,984/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.

QS World Rankings 2022

3

QS Business Masters Rankings 2021: Finance

5

Average Tuition Fees

£49,000/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?

QS World Rankings 2022

16

QS Business Masters Rankings 2021: Finance

26

Average Tuition Fees

£34,700/year

Programs Offered

MSc Finance

Related Discussion: Is MS in Finance a STEM degree?

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

Investment Banker

£48,817

Stockbroker

£34,430

Personal Financial Advisor

£41,988

Financial Manager

£59,638

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

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

  1. Is UK good for Masters in Finance?

Ans: UK is a preferred destination to pursue Masters in Finance due to the well-ranked universities, diverse finance courses, and industry expert assistance.

  1. Which university is best for Masters in Finance in UK?

Ans: University of Oxford is considered to be the best to pursue Masters in Finance in UK.

  1. Which country is best for Masters in Finance?

Ans: Apart from the UK, other countries that considered good for Masters in Finance due are Germany, Norway, Switzerland,Sweden and USA

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

Ans: Based on the job profile chosen, the average salary for Masters in Finance ranges between £34,430- £59,638 per year.

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