Masters In Finance In UK: Top Universities, Requirements, Costs & More

You know the UK has some of the greatest universities, but MSc Finance UK will prepare you best for the real world and put you in the high-paying job profile area. UK MSc Finance students may expect world-class education and career guidance.

Thus, you made the perfect choice by studying Masters in Finance at top UK universities. This blog has all the information you need to get started.

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.

MS in Finance in UK Highlights

• Program Duration: 1 to 2 years
• Total Fees: 34,700 GBP – 40,000GBP
• Admission Eligibility; A Bachelor’s Degree, GMAT/GRE, English Language Requirements, A-Level Mathematics, Work Experience
  Passport & Student Visa
• Average Salary: Around 30,000 GBP to 65,000 GBP Annually

*GBP(Pound sterling)

Eligibility Criteria & Admission Requirements for MS in Finance in UK

Pursuing an MS in Finance in the United Kingdom has particular requirements and qualifying criteria that must be completed. While these criteria vary each university, a standard list is followed by all. The following items have been covered:

• 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 with first-class or 2:1 honors from any recognized university or international equivalent is necessary. Few universities will also accept upper second-class honours degrees from a recognized university or an international equivalent. Make sure you’ve studied one of the following 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.

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

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

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

Admission to UK universities is divided into two intakes. The first intake takes place in January/February, and the second in September/October. To apply for MSc Finance in the UK, complete the following admissions process:

• 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

The admissions process and application dates differ amongst universities. Check them on the university’s official website exclusively, then submit your application along with the required documents by the deadline.

Aside from eligibility and qualifications, the Masters in Finance UK fees are an important consideration for admission. Let’s have a look at it together –

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

UK cost of living depends on location and lifestyle. The average UK cost of living is 10,000–17,000 GBP. Private housing is more expensive for international students, hence accommodation costs the most. Rents for this type of accommodation might reach 80 GBP per month.

After covering prerequisites, prices, and admission procedures, list the best UK universities offering 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

1. University of Oxford

The University of Oxford is widely regarded as the greatest university in the world for pursuing an MS Finance program. To meet the needs of its students, the university provides two types of finance programs. The curriculum is a blend of academics and practical applications developed in collaboration with top financial recruiters.

• QS World University Rankings 2023: 4
• QS Business Masters Rankings 2022: Finance – 1
• Average Tuition Fees: 48,670 GBP/year
• Programs Offered: MSc in Financial Economics, MSc in Law and Finance

2. Imperial College London

The MS in Finance program at Imperial College London provides a unique and demanding experience. There are five modules in the program: online pre-study, foundation, core, electives, and project modules. This program also includes an international elective that allows finance graduates to get worldwide experience in this profession. It is one of the top finance universities in the UK.

• QS World University Rankings 2022: 6
• QS Business Masters Rankings 2022: Finance – 13
• Average Tuition Fees: 39,000 GBP/year
• Programs Offered: MSc Finance, MSc Finance and Accounting

3. London School of Economics and Political Science

The London School of Economics and Political Science provides various full-time Finance programs to students who want to pursue professions in the financial sector. Before moving on to other areas, Masters in Finance programs at LSE focus on enhancing your knowledge of corporate finance and financial markets.

• QS World University Rankings 2023: 56
• QS Business Masters Rankings 2022: 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

Another famous university in the UK that offers a Masters in Finance degree is the University of Cambridge. Students who pursue the program should expect to find work within three months because the student employment rate is over 86%. The university provides first-rate training necessary to design a prosperous future for Finance graduates.

• QS World University Rankings 2023: 2
• QS Business Masters Rankings 2022: Finance – 5
• Average Tuition Fees: 49,000 GBP/year
• Programs Offered: Masters of Finance ( MFin)

5. University of Edinburgh

The University of Edinburgh assists you in obtaining any type of finance career by assisting you in developing all of the skills required to operate in the financial sector. It combines theory with practical applications to improve learning. Did you also know that this university is located in the UK’s second-largest financial district, giving it a hub for increased contacts between financial experts?

• QS World University Rankings 2023: 15
• QS Business Masters Rankings 2022: Finance – 27
• Average Tuition Fees: 34,700 GBP/year
• Programs Offered: MSc Finance

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 2022 and Average Annual Fees For MSc Finance in UK respectively:

• 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

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 2022: Full-time and part-time Postgraduate Taught degree-level programs, offered fully on-campus at Lancaster University for October 2022 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.

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 work in a variety of industries, including retail banking, insurance, and investment banking. Barclays, EY, PwC, Deloitte, KPMG, HSBC, Morgan Stanley, Deutsche, Allianz, and others are among the top recruiters.

As an MSc Finance UK graduate, you can pursue a variety of job opportunities. The top ones are listed below:

Job Title and 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

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.

FAQs

Is UK good for Masters in Finance?

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

Which university is best for Masters in Finance in UK?

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

Which country is best for Masters in Finance?

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

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

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