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A Master of Science (MSc) in Finance degree in the United Kingdom is a postgraduate programme that teaches students about financial theory, financial markets, and investment analysis. The programme is intended to provide students with the skills and information required for a career in finance or a related profession.
Here are the complete details of the MSc in Finance in UK.
MSC in Finance is one of the most in-demand courses in the United Kingdom. Every year, thousands of international students go to study in UK to complete their master’s degree in finance . There are many reasons behind this. Below, you can check why students choose to do an MSc course in Finance from UK.
As per the Financial Times 2022 Report, more than 90% of graduates got a job within 3 months after completing their Master in Finance.
Some popular universities in UK, such as the University of Oxford, Imperial College of London, and University of Cambridge, invite students from all over the world to study in MSc in Finance.
Finance workers’ salaries have grown by almost 8% from 2016 to 2019.
According to the Institute for Fiscal Studies report, candidates working in the finance department have received a hike of 31% in their salary since the COVID-19 pandemic.
Many international companies like Google, JP Morgan, Goldman Sachs, etc. hire candidates who have completed MSc in Finance in UK.
The universities in UK have specific criteria for international students to study MSc in Finance. If you want to study abroad, first check whether you are eligible for the course or not.
Candidates who have completed their bachelor’s degree in finance or a related field can apply for MSc in Finance in UK.
Mark sheets from the 10th and 12th grades.
Mark sheets of all semesters of the bachelor's degree.
Scorecard of IELTS, TOEFL, and Duolingo to prove your English language proficiency skills.
Standardized exam results such as the GMAT with an average score of 680 or GRE with an average score of 325.
References from the previous/current institutes attended or from the workplace.
2-year experience in core finance or finance-related positions (internships are also considered in some institutes).
CV includes all personal information, academic credentials, professional experience, competence, and so on.
Essay of no more than 500 words outlining why you chose this course and this institute and how the course will help you achieve a brighter future.
There are more than 100 universities in UK that offer MSc in Finance courses for international students. Everyone wants to study in top universities as it opens up various career opportunities in different sectors.
Below, you can check the top universities for MSc in Finance and apply for them after satisfying their eligibility criteria.
Imperial College of London
University of Manchester
Knowing the course fee is important before applying anywhere, as some universities have high tuition fees, which can be difficult to manage for a middle-class family. However, many candidates manage their expenses on their own by doing part-time jobs, getting scholarships, etc.
The average cost of studying in UK for an MSc in Finance is from 23000 GBP to 53000 GBP.
The main expense in UK for international students is rent. The average rent cost is 760-1350 GBP. Cost of living in UK is high compared to other countries. Below, you can check the average cost of every expense.
| Particulars | Average monthly Cost in INR | Average monthly Cost in GBP |
|---|---|---|
| Rent | 60,999 to 1,08,355 | 760 to 1,350 |
| Food | 18,347 | 230 |
| Clothing & Laundry | 9,180 | 115 |
| Mobile Phone & Internet | 6,850 | 85 |
| Transportation (Monthly Pass) | 5,974 | 75 |
| Stationery Items | 3,669 | 50 |
| Miscellaneous | 3,669 | 50 |
Once you have completed your MSc in Finance in UK, you can apply to multinational companies. There are many companies that hire international students with an average 75000 GBP salary package.
EY
PwC
Deloitte
KPMG
HSBC, Barclays
Lloyds Banking Group
Morgan Stanley
Deutsche
JP Morgan
Admiral Group
Aviva
Allianz
AXA
Prudential
In conclusion, finance is a great field for those who want to get a job in UK and settle down in the country. International students can apply to various top universities to complete their MSc in Finance degree.
We hope that we have provided you with sufficient information about the MSc in Finance in UK.
If you are unsure or would like to get deeper insight, we encourage you to speak 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 looking to study in UK.
Many universities in UK offer part-time or online MSc in Finance programmes; however, availability and format may differ between schools.
Many institutions provide scholarships or other types of financial assistance for MSc in Finance programmes. However, the eligibility requirements may vary from scholarship to scholarship. So, before applying, it is important to check the requirements released by the university.
Some MSc in Finance programmes may be accredited by professional groups such as the Chartered Institute for Securities and Investment (CISI) or the Association of Chartered Certified Accountants (ACCA). In addition, certain MSc in Finance degrees may prepare students to sit for professional tests such as the CFA (Chartered Financial Analyst) or the FRM (Financial Risk Manager).
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