MBA in Finance in UK - A Complete Guide for International Students

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MOEC

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Updated On 15 July 2023

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Read Time 9 minutes

Overview

Are you passionate about taking your financial literacy to the next level?

 

With the growing economy, Financial literacy is one of the most basic and critical skills that everyone should have. The finance courses give you a basic idea to cope with your own finances in order to secure your future and play smartly with your finances. Also, it helps you in managing daily finance-related work like budgeting, managing debt, saving and investing, loans, credit cards, insurance, etc. Being financially literate is one factor that determines the economic growth of a developing nation; it bridges the gap between the wealth creation journey and economic growth.

 

If you want to make your career in finance and want to study abroad, then the UK is one of the most preferred destinations for finance-related courses. The students who wish to gain practical and global aspects of financial literacy are studying in the UK, which is the hub for financial institutes and businesses. Finance courses offered by various business schools prepare students to evaluate assets and financial resources.

 

Read the blog till the end to know all details about pursuing MBA in finance in UK.

 

MBA in Finance in UK – Course Curriculum

MBA stands for Master in Business Administration. The duration of pursuing an MBA in Finance in UK ranges from 1-2 years. An MBA in finance in UK typically encompasses a comprehensive curriculum that combines core business management principles with specialised finance courses. The program covers a range of subjects, including financial analysis, corporate finance, investment management, risk management, financial markets, and international finance.

 

While pursuing this course, students gain a solid foundation in financial accounting, economics, strategic management, and leadership skills. They also delve into advanced topics such as mergers and acquisitions, portfolio management, derivatives, and financial modelling. The MBA in finance program in the UK often includes practical components such as case studies, projects, and internships, allowing students to apply their theoretical knowledge to real-world scenarios and develop practical skills relevant to the finance industry.

 

Why Study MBA in Finance in UK

Studying an MBA in Finance in UK offers numerous advantages for individuals seeking to advance their careers in this industry. Here are some compelling reasons to consider pursuing an MBA in Finance in the UK for international students:

  • The UK is renowned for its prestigious universities that consistently rank among the top in the world. Pursuing an MBA in Finance from UK institution can enhance your credentials and open doors to prestigious job opportunities all around the globe.

  • London, the capital of the UK, is a global financial hub and home to many major financial institutions, investment banks, and asset management firms. Studying in the UK provides proximity to these financial centers, offering unique networking and internship opportunities.

  • UK universities often have strong connections with the finance industry, including partnerships, guest lectures, and networking events. These connections provide valuable opportunities to engage with industry professionals, gain insights into the latest trends, and build connections for future career prospects.

  • The UK offers 2 years of post-study work opportunities for international students. Upon completion of your MBA, you may be eligible to work in the UK for a certain period, allowing you to gain practical experience and further develop your career prospects.

 

Study MBA in Finance in UK - Eligibility Criteria

The eligibility criteria for enrolling in an MBA in Finance program in the UK may vary depending upon the universities. However, here are some common MBA in finance in UK eligibility requirements:

  1. Academic Qualifications: Applicants typically require an undergraduate degree from a recognised educational institution. The universities may prefer a background in business, finance, economics, or a related field.
     

  2. English Proficiency Test Score: Non-native English speakers are typically required to demonstrate proficiency in the English language through tests such as the IELTS or TOEFL or PTE, or Duolingo. Each university sets its specific English language proficiency requirements, but a minimum score of 6.5 in IELTS or equivalent is commonly required.
     

  3. GMAT or GRE Scores: Most renowned universities require applicants to submit standardise admission test scores such as GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination) scores for MBA programs in the UK. These standardised tests assess the applicant's analytical, verbal, and quantitative skills. However, some universities may waive this requirement for candidates with significant work experience or exceptional academic records.
     

  4. Work Experience: Many top-notch universities prefer candidates with relevant work experience for MBA programs in Finance. The required work experience can vary but is typically around 2-5 years of professional experience in a managerial or professional role. However, some universities may also consider exceptional candidates without work experience, especially for early career or pre-experience MBA programs.
     

  5. Letters of Recommendation: Applicants are often required to provide two or more letters of recommendation from their educational institution or the organisation in which they have worked. These letters provide insights into the applicant's skills, achievements, and potential for success in an MBA program.
     

  6. Statement of Purpose or Personal Statement: Applicants are usually required to submit a statement of purpose or personal statement explaining their motivation for pursuing an MBA in Finance, their career goals, and how the program aligns with their aspirations.

 

NOTE: It's important to note that the eligibility criteria can vary among universities and specific MBA programs.

 

Top Universities for MBA in Finance in UK

As we all know, the UK is the hub of various top-notch educational institutions offering finance courses. So here, we have curated a list of some of the best universities in UK for MBA in Finance.

University

Course Fee Per Year (Approx)

London Business School

1,09,700 GBP 

University of Oxford

70,000 – 80,000 GBP 

Imperial College London

61,500 GBP 

Aston University

30,000 GBP 

Loughborough University

32,000 GBP

Bangor University

18,000 – 20,000 GBP 

Bayes Business School 

48,000 GBP 

University of Birmingham

32,000 – 34,000 GBP 

University of Cambridge

64,000 GBP 

University of East London

16,000 – 18,000 GBP

Scholarships to Study MBA in UK for International Students

Here are some of the best scholarships to study MBA in Finance in UK

Scholarship Name

Eligibility Criteria

Scholarship Value

Chevening Scholarships 

Excellent academic record, leadership potential 

Full tuition fees, living expenses 

Commonwealth Scholarships 

Citizens of Commonwealth countries 

Full tuition fees, living expenses 

Rhodes Scholarships 

Exceptional academic achievements, leadership 

Full tuition fees, living expenses 

Gates Cambridge Scholarships 

Academic excellence, leadership potential 

Full tuition fees, living expenses 

British Council GREAT Scholarships 

Various criteria 

Partial tuition fees, living expenses 

MBA Director's Scholarships 

Merit-based 

Partial tuition fees 

Santander MBA Scholarships

Merit-based, specific universities

Varies by university

Job Opportunities After Pursuing MBA in Finance in UK

The UK offers a wide range of career opportunities in finance. Studying for an MBA in Finance from UK can enhance your prospects for senior leadership roles in areas such as investment banking, private equity, corporate finance, asset management, consulting, and financial analysis. The strong alumni networks of UK universities can also be advantageous for career advancement. Here are a few job opportunities that you can take after pursuing MBA in finance in UK.

Job Role

Average Salary per year (Approx)

Finance Executive

35,900 GBP 

Financial Analyst

60,000 GBP

Financial Administration

25,200 GBP

Financial Operations Manager

63,200 GBP

Financial Risk Manager

79,400 GBP

Investment Banker

61,000 GBP

Financial Adviser

55,000 GBP

Top Recruiters in UK for Finance Graduates

In UK, various MNCs (Multinational companies) offers job opportunities to recent graduates from finance course. Some of the top recruiters of finance graduates in UK are: 

  • Infosys

  • PwC

  • Amazon

  • Google

  • Accenture

  • J.P. Morgan

  • Lloyds Banking Group

  • IBM

  • Siemens

 

FAQs

Q: Is MBA Finance in UK worth it?

A: Yes, studying an MBA in finance in UK can be considered worth it for several reasons. The country is renowned for its prestigious business schools and educational excellence, offering a high standard of education and a globally recognised degree.

 

Q: What is the cost of studying MBA in finance in UK for International Students?

A: The cost of studying for an MBA in finance in UK can vary depending on the institution and program. On average, the tuition fees for an MBA in finance range from £25,000 to £60,000 per year. However, it's important to note that additional expenses such as accommodation, living costs, study materials, and transportation should also be considered when estimating the total cost of pursuing an MBA in finance in the UK.

 

Q: Can I get a job in UK after pursuing MBA in finance in UK?

A: Pursuing an MBA in finance in the UK can significantly enhance your prospects of securing a job in the country. The UK boasts a robust financial sector and is home to numerous multinational corporations, investment banks, and financial institutions, offering a wide range of employment opportunities.

 

Conclusion

Overall, the MBA in finance in the UK equips students with the necessary knowledge and expertise to navigate the complex world of finance and pursue rewarding careers in finance and related fields. Moreover, the course is a highly sought-after career. So without any further delay, enrol yourself for MBA in Finance course in UK.

 

If you are planning to study in UK, we encourage you to have a word with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). If you are unable to travel to our offices, we offer online counselling services via our website. Our dedicated counsellors will provide you with the best guidance regarding your application to study in UK. Don't hesitate to contact us at application02@meridean.org or call us at 1800-1230-00011.

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