Mind the GAAP! The gap between you and money and prestige is a masters of finance degree. Finesse the finance, and you can become the new wolf of wall street (minus the fraud, of course). A degree to masters in finance will open many opportunities for you. The Masters of Finance degree is a postgraduate program designed to provide graduates with the skills and knowledge necessary to excel in the world of finance.
Why study masters of finance in the UK?
There is no doubt that the UK is home to some of the prestigious and best universities in the world. These universities provide top-quality education and well-respected undergraduate degree and masters degree to students. A masters of finance in the UK will open the lot of doors of opportunities for you. The professors at the top universities in the UK are specialists in this area. They have a wide range of market knowledge, which helps them mould finance graduates' skill sets to fit the demands of the actual world. Studies reveal that within 4-5 years of graduating, UK graduates often earn six-figure wages. Additionally, a career in accounting and finance offers a lot of flexibility. With enough experience, you may start your own company and work for several different businesses.
Eligibility criteria for masters of finance in the UK
To study masters of finance in the UK, there are some general and specific eligibility criteria and requirements that you need to meet. Some requirements may vary from university to university, but here is a list of some standard requirements to be met.
- A bachelor's degree in a relevant field, such as finance, accounting, or commerce
- GMAT/ GRE
- English Language requirements
- Entrance exams necessary to study in the UK
- Knowledge of A-level mathematics
Documents required for masters of finance in the UK
Maintaining a checklist for documents required for masters of finance in the UK. Make sure you prepare and compile the documents beforehand.
- Undergraduate degree
- Statement of purpose
- Letter of recommendation
- GMAT/GRE scorecard
- English language requirements
- Work experience letters
- Resume/ CV
Cost for masters of finance in the UK
Along with the tuition fee, there are many other costs that you will encounter, such as pre-arrival, living expenses, miscellaneous expenses, etc., which should be considered before you move overseas to study. Budgeting as a student overseas will help you prepare and provide you with an estimate of how much you will be spending. The tuition for the Masters in Finance in the UK costs between £34,700 and £40,000 per year.
Top 5 universities for masters of finance in the UK
UK doesn’t run short on universities that provide masters of finance in the UK. For you to not get confused and overwhelmed with the choices available, we have curated a list of top 5 universities for masters of finance in the UK below.
1. University of Oxford
QS ranking: 4
Average tuition fees: £48,670/year
Application Deadline: 6 January 2023 | 8 March 2023
University of Oxford provides excellence with every degree they teach. It is also considered to be one of the best universities to study masters in finance in the UK. This university provides two different kinds of finance programmes: MSc in Financial Economics and MSc in Law and Finance. The curriculum was developed in collaboration with top financial recruiters and combines academic theory with real world applications.
2. London School of Economics
QS ranking: 56
Average tuition fees: £39,984/year
Application Deadline: 13 January 2023 | 27 April 2023
London School of Economics provides a graduate thoughts MSc Finance (full-time). This programme, one of the top generalist finance master's degrees in the world, is perfect for people whose career goals are generally related to the financial services industry. The degree will be tailored to your aims with a variety of alternative courses, including a number of specifically created applied courses, once you get a thorough foundation in corporate finance and financial markets in the core courses.
3. University of Cambridge
QS ranking: 2
Average tuition fees: £49,000/year
Application Deadline: May 31, 2023
The University of Cambridge is another one of the prestigious universities which provide masters of finance in the UK. Given that the program's employment rate for students is over 86%, they can anticipate finding employment within three months of enrolling. The university provides top-notch instruction necessary to help finance graduates create a bright future.
4. Imperial College London
QS ranking: 6
Average tuition fees: £39,000/year
Application Deadline: 1 February 2023
Imperial College London offers the MS in Finance programme which is provides students with a distinctive and demanding experience. The course is divided into five modules: project, foundation, core, electives, and online pre-study. To enable graduates in finance to obtain experience working abroad, the curriculum also provides an optional international elective. It ranks among the best finance schools in the UK.
5. The University of Edinburgh
QS ranking: 15
Average tuition fees: £34,700/year
Application Deadline: Round 3: 8 February 2023, Round 4: 26 April 2023, Round 5: 7 June 2023
The University of Edinburgh’s thoughtfully designed MSc in Finance will prepare you for a variety of positions while giving you a choice to focus your studies in areas like Corporate, Sustainable, or Investment Finance. It combines cutting-edge theory with practical application. Their close ties to business are ingrained in the curriculum through their guest lectures and the chance to interact with leaders.
Scholarships available for masters of finance in the UK
Living in the UK can get expensive when you are living alone. Getting scholarships helps you to ease your financial concerns, and help you burn less holes in your pockets. Here are some of the UK scholarships you can get in to study masters of finance in the UK.
- The Chevening scholarship
- MSc Finance Future Leaders Scholarship (Imperial College of London)
- Business School International MSc scholarship (University of Edinburgh)
- Graduate Support Scheme; LSE MAster’s Award (London School of Economics)
- MF in Program Scholarship (University of Cambridge)
- Alumni Annual Fund Scholarship (University of Oxford)
- Oxford said- HEC Montreal Scholarship. (University of Oxford)
There are many other masters degree scholarship available. You can check the scholarships page of the university website you wish to apply for.
Job opportunities after masters of finance in the UK
After you complete your masters of finance in the UK, you can advance your career in commercial banking, hedge funding, financial management, or insurance. The pay packages you get can be excellent based on your experience, position, and industry. An average UK employee in the accounting and finance industry typically makes roughly £115,000 per year. Salary increases for up to 2 to 5 years of experience are up to 32%. After your degree in finance, the work opportunities you get along with the average salary are mentioned below.
- Accountant- £25,045 to £61,637
- Finance Controller- £24,864 per year
- Financial Analyst- £54,000-£78,750
- Finanancial Risk Manager- £55,000 per year- £85,000
- Investment Banker- £50,000 and £70,000.
You can also think about applying for an finance apprenticeships in UK.
In conclusion, a Masters in Finance in the UK is a great way to gain the skills and knowledge necessary to pursue a successful career in the financial sector. Graduates of a Masters in Finance courses in the UK will be well-equipped with the necessary theoretical and practical knowledge to help them secure a competitive position in the financial industry. With the right qualifications and a competitive edge, graduates of a Masters in Finance in the UK can look forward to a successful career in the finance industry.