Master in Accounting in UK

master-in-accounting-in-uk

Overview

Accounting is the most popular course for candidates with a commerce background. Every year, lakhs of candidates choose to study Master in Accounting in India or abroad after completing their B.Com.

For candidates who prefer to study a Master in Accounting abroad, the United Kingdom is the best option for them.

The UK is listed as one of the best countries to complete your studies in accounting. A UK degree provides you with a lot of job opportunities at international companies.

Why Study a Master in Accounting in UK?

There are many reasons to study Master in Accounting in the UK. Some of them are given below:

  • 7 of the UK universities that offer a Master in Accounting are ranked among the top 100 institutions for Accounting in the 2023 QS Rankings.

  • In the UK, the 'big four' accounting and professional services firms are Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). These companies prefer candidates who have completed their Master in Accounting.

  • After completing a postgraduate degree in accounting, the usual yearly income in the UK ranges from 32,000 GBP to 69,500 GBP (31.6 to 68.5 Lakh INR).

  • Several UK Universities offer Master of Accounting programmes that may be completed in as little as a year.

Eligibility Criteria for Master in Accounting in UK

Once you have set your mind to study in UK for a Master in Accounting degree, you should check whether you are eligible to apply to UK Universities or not.

UK Universities have set some criteria for international students, which are as follows –

  • You must have a bachelor’s degree in accounting or a related field, such as Business, Finance from a recognised university. Some universities demand a bachelor’s degree with honours to study for a Master in Accounting in UK.

Documents Required to Apply for Master in Accounting in UK

  • Academic Degree

  • GPA Requirement

  • Requirement

  • Letter of Recommendation

  • Statement of Purpose

  • Resume/CV

  • Proof of English Proficiency (IELTS Score)

  • Valid Passport

  • Official or certified copies of transcripts

Universities & Fees for Master in Accounting in UK

Below, you can check the list of universities and their fees that provide an MSc in Accounting for overseas students.

UK Universities Course Qs World Ranking Course Fees
Imperial College London MSc Finance and Accounting 6 £42,200
University of Edinburgh MSc Accounting and Finance 15 £37,200
University of Manchester (Alliance Manchester Business School) MSc in Accounting | MSc in Accounting and Finance 28 £33,500
London School of Economics and Political Science MSc Accounting and Finance | MSc Accounting, Organisations, and Institutions | MSc Law and Accounting 56 £34,100
University of Bristol MSc Accounting, Finance, and Management 61 £31,100
The University of Warwick MSc Accounting and Finance 64 £38,000
University of Birmingham MSc Accounting and Finance 91 £28,890
Lancaster University MSc Accounting and Financial Management 146 £26,500
Cardiff University MSc Accounting and Finance 166 £26,700
Aston University MSc Accounting and Finance 561-570 £22,750
University of Northampton MSc Accounting and Finance 1001-1200 £16,500

Cost of Living in UK

Along with the course fees, it is equally important to know the cost of living in UK. The living cost directly affects your financial condition.

Generally, the cost of living in UK is around 14000 GBP. However, the living expenses completely depend on you; which city you are living in, your living standards, etc.

Expense Type Average Annual Expense (GBP) Cost for Indian Students (in Lakh)
Accommodation 7,200 7.20
Meals 2,400 2.40
Utilities 2,220 2.22
Transportation 780 0.78
Personal Expenses 1,500 1.50
Total 14100 14.10

Job and Salary after Master in Accounting in UK

After getting your Master in Accounting, the door will open for various jobs. Candidates can select any job as per their interest and apply to the company. If they are hired, they will make an average of $40000 in a year.

Job Average Salary
Auditor $58,083
Information and Technology Accountant $76,146
Financial Analyst $77,280
Forensic Accountant $80,066
Managerial Accountant $83,240
Corporate Controller $130,226

Conclusion

In conclusion, Accounting is a lucrative field as businesses require accounting graduates in order to thrive. If a student completes their Master in Accountancy and wants to get a job in MNCs, then they have greater chances if they have graduated from a UK university.

We hope that we have provided you with sufficient information about Master in Accountancy in UK.

If you still need clarification or would like to get deeper insight, 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.

If you found this information useful, please share it with your friends and family looking to study in UK.

FAQs

Accounting is a solid field and a great option for job security. Organisations often employ internal accountants or contract with third-party organisations to handle their accounts throughout the year.

There are many highly paid accountant jobs in UK. Some of them are given below –

  • Economist

  • Chartered accountant

  • Investment consultant

  • Portfolio manager

  • Forensic accountant

  • Financial controller

  • Financial director

  • Chief financial officer

The Imperial College London is the best for a Master in Accounting in UK. The institute has secured the 6th position in QS World Ranking. They focus on practical knowledge and have a good placement record.

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