Master in Finance in UK: Top Colleges, Fees, Eligibility

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17 March 2023

11 mins

Introduction

One of the most popular programs for overseas students in the UK is the Master in Finance in UK. The University of Oxford, the University of Cambridge, and Imperial College of London are just a few of the top-ranked universities in the world that offer master's degrees in finance. Students who pursue an MS in Finance in UK are prepared to assess and make the most of their financial resources. An foreign student must have a GMAT score of at least 550 in addition to an average academic score of 60% to be admitted to the MS in Finance in UK. For an Indian student, the average tuition for a MS in Finance in UK ranges from 23,000 to 47,000 Pounds, or around 21,38,135 to 43,69,235 INR. International students may land well-paying employment in the UK thanks to recruiters like Goldman Sachs, JP Morgan, and Google hiring finance graduates from UK colleges.

Salary for a newbie might range from 49,000 Pounds to 111,000 Pounds per year, depending on the position you accept. Almost everything, from analyzing and evaluating financial markets and economic trends to managing money and banking and financial operations, is related to MS in Finance in UK, a specialty that is quickly gaining popularity globally. Additionally, it gives students the tools they need to assess and make the most of their financial resources. Students who get a MS in Finance in UK are better prepared to plan, synthesize, and expose all the hidden components of a balance sheet and to make better financial judgments in the public, corporate, and personal sectors of the finance industry. Some of the most renowned business schools in the world that offer MS in Finance  are located in the United Kingdom. Most students finish their MS in Finance in UK in one academic year. Participants in this programme acquire the skills necessary to investigate, summarize, and analyze their customers' financial situations. They can comprehend accounting analysis in a worldwide and international perspective thanks to the training. Additionally, these people acquire the necessary abilities to deal with corporate finance and the capital markets at any level of organization. Graduates of this programme may work as investment bankers, tax advisers, financial managers, among other professions.

Why Study Masters in Finance in UK

A bachelor's degree plus a strong interest in finance and the economy may be the driving forces behind earning a MS in Finance in UK. Prior to that, though, students should be informed of the benefits of studying for a MS in Finance in UK

• Sharpen Industrial Knowledge and Skills - The need for financial experts is ongoing, and their knowledge and experience are highly valued. Getting a degree in finance enables students to think critically, and having technical financial knowledge will make working with other cohort members easier.
• Prosperous Career Opportunities - With a degree in finance, you may pursue a wide range of professions, from investment banker to stockbroker to financial consultant to investment broker, all over the world. As the earning potential varies depending on the job and expertise of the individual, working in this field is both demanding and financially rewarding.
• An Affinity of Specialization - There are several reputable business schools in the UK that offer excellent master of finance programmes with a variety of specializations. Risk management, emerging markets, international financial reporting, financial regulation, and strategic finance practice are some of these specializations.
• Expert Assistance - The professors at the top institutions in the UK offering an MSc in Finance are authorities in their professions. They have extensive job and teaching experience, as well as a wide range of market expertise. The best information and skill sets needed by finance graduates are imparted in this way, enabling the students to be ready for the demands of the real world.
• Increased Salaries than other Countries - Salary levels in the financial industry significantly increased between 2016 and 2019. Since that time, the industry has provided well-paying career possibilities for foreign students in the UK.

Masters in Finance in UK Program Details

The Master of Science (MSc) or MFin is the most popular degree offered for MS in Finance in UK and any other finance specialist courses. Most UK institutions' master's programs in finance include the following course curricula:

• Foundation Modules - The subjects covered in the foundation modules will aid in understanding the fundamentals and key financial instruments, such as debt, equities, financial derivatives, the idea of market efficiency, portfolio risk, and diversification. This also contains details on significant probability and statistics strategies. Students without a financial background will find this session to be of great assistance.
• Core Modules - In the core module, difficult subjects such as corporate finance, derivatives, ethics and professional standards in finance, financial econometrics, investments and portfolio management, macro-finance, and mathematics for finance are introduced.
• Electives - The optional courses are designed to fit the students' interests and professional aspirations. Advanced Corporate Finance, Applied Trading Strategies, Advanced Options Theory, Asset Allocation and Investment Strategies, Banks, Regulations and Monetary Policy, Credit Risk, Fixed Income Securities, Macroeconomics & Finance for Practitioners, and Introduction to Quantitative Investing are a few of the important electives.
• Projects - In order to facilitate the fusion of theory and practice, this course also offers a few projects.
   

Top Universities for Masters in Finance UK

Here are some of the universities which have a top-notch MS in Finance in UK  -

1.) University of Edinburgh 

Program - MSc in Finance

Details - You will be prepared for a variety of positions in the business with the help of this thoughtfully designed MSc in Finance UK, which gives you the freedom to focus your studies on things like sustainability, portfolio management, or corporate Finance. Aside from the chance to interact with corporate personalities, students may anticipate guest lectures from professionals in the field.

Entry Requirements - A bachelor's degree in business, economics, finance, or accounting. A first class in the UK or a 2:1 honor's degree. English language requirements: 7.0 on the IELTS, 100 on the TOEFL, and PTE (70).

• Tuition Fees - 34,700 Pounds Sterling
• Rank - Their MSc Programme is ranked 40th globally. 

2.) University of Cambridge 

Program - Master in Finance (MFin)

Details -  This is a one-year degree that ambitious finance professionals are vying for. This curriculum, which is provided by the Cambridge Judge Business School, is demanding and commercially relevant. It facilitates career growth. The basic courses, projects, assortment of electives, seminars, and summer activities make up this master's in finance UK programme.

Entry Requirements - A first-rate education is an undergraduate degree in a pertinent field. Two years or more of post-graduate job experience in roles that involve fundamental finance. IELTS (7.5), TOEFL (110) are the standards for English proficiency. Three sources (supervisor, academic, and peer).

• Tuition Fees - 49,000 Pound Sterling
• Rank - Cambridge Finance Programme is ranked 2nd worldwide.

3.) Imperial College Business School 

Program - MSc Finance

Details - The greatest employment in the sector have historically been attained by graduates of this master's in Finance program. Graduates and former participants in this program have gone on to careers in asset management, investment banking, and consulting. The extensive list of electives in this MSc Finance UK degree is updated often to allow students to customize their study.

Entry Requirements - A first-class undergraduate degree in a subject with a strong quantitative component, such as engineering, economics, mathematics, science, or finance, from an accredited institution. Knowledge of algebra, calculus, probability, and real analysis. Required English proficiency: IELTS minimum score of 7.0 .

• Tuition Fees - 39,000 Pound Sterling
• Ranking - This program by the Imperial College is ranked 11th in the world.

4.) London School of Economics 

Program - MSc Finance 

Details - This MSc finance programme, one of the top generalist finance master's degrees in the world, is perfect for people whose career goals are wide financial industry. Before obtaining the ability to customize the degree to their aims, students get a thorough foundation in financial markets and corporate finance through basic courses.

Entry Requirements - A 2:1 or its equivalent in any field of study. All applicants without a degree from the UK must take the GMAT or GRE. Candidates must have completed mathematics coursework at the A level or above. IELTS (7.0) and TOEFL(100) requirements for English .

• Tuition Fees - 39,984 Pounds Sterling
• Ranking - This program by LSE is ranked 8th in the world for Finance.

5.) Bayes Business School 

Program - MSc Finance 

Details - Students who enroll in this master's degree in finance will have the chance to learn more about the subject in-depth. Beginning with a term of foundational modules, students in this course solidify their knowledge of accounting, corporate finance, econometrics, and finance. Every year, it begins in September.

Entry Requirement - A degree of upper second class in the UK or its equivalent elsewhere. Evidence of financial or quantitative approach expertise. A 600–800 GMAT score. IELTS minimum score of 7.0, with no part scoring lower than 6.0.

• Tuition Fees - 31,00 Pound Sterling
• Ranking - This financial scheme is rated fifth in the UK.

6.) University of Southampton

Program - Finance (MSc)

Details - The university's Highfield Campus is the location of this Master of Science in Finance programme. In order to stand out to employers, students develop and learn to use real-world industrial skills. The latest techniques and research are heavily emphasized, and students also study foundational financial theory. Through workshops and seminars, the faculty also educates individuals how to operate as a team.

Entry Requirements - A 2:1 degree, or its equivalent, in a scientific field, such as mathematics, economics, finance, or engineering. A  score of 28 to 38 on the International Baccalaureate scale (IB). In English (10+2)  a minimum of 70%.

• Tuition Fees - 28,000 Pound Sterling 
• Ranking - The university is ranked 23rd in Finance in the United Kingdom.

7.) University of Manchester 

Program - Masters in Finance 

Details - Students in this curriculum are taught all the fundamentals of finance. These include acquisitions, mergers, investments, and worldwide marketplaces. Students can advance to a research degree through this course's Economic and Social Research Council (ESRC) and CFA Institute Affiliate Status.

Entry Requirements - An undergraduate degree with first- or second-class honors from a UK university or its equivalent abroad. Many students who have taken finance and math courses. GRE or GMAT scores. IELTS (7.0), TOEFL (100 overall), and PTE(76) criteria for proficiency in English .

• Tuition Fees - 30,365 Pound Sterling
• Ranking - It is ranked 7th in the United Kingdom for Finance.

Masters of Finance in UK Admissions 

The majority of applications for the September intake of the MS in Finance in UK are approved. To admission to UK institutions, students must hold a bachelor's degree in finance or a closely related discipline. The sections below provide descriptions of the fundamental admissions procedures for masters in finance programs offered in the UK. There are certain common requirements for scores and documentation, so applicants should always check the institution website before putting together their application package. While filling out the application form, some of the supporting documents should be uploaded to successfully apply for Masters in Finance in UK:

• 10th grade, 10+2, and bachelor's degree semester grade reports.
• IELTS, TOEFL, or Duo lingo exam results and score report
• Scores obtained on standardized tests like the GMAT or the GRE
  GMAT average: 680; GRE average: 325
• References from the employer or the most recent/current institution attended.
• 2-year background in basic finance or positions associated with finance (in some institutes internships are also considered)
• CV including full personal information, educational background, professional experience, etc.
• Essay of no more than 500 words outlining the rationale for selecting this programme and this university, as well as how the programme will contribute to the creation of a better future.

Masters in Finance in UK Admission Eligibility 

Admission to the MS in Finance in UK needs a bachelor's degree in any subject, ideally in business, accounting, or mathematics. Depending on the university you apply to, there are different eligibility requirements. The academic and linguistic requirements for major universities in the UK that offer an MS in Finance in UK are listed below:

Tuition Fees for Masters in Finance in UK

The cost of tuition for a MS in Finance in UK is between 23,000 and 47,000 GBP. The highest yearly tuition is 47,125 GBP at the University of Cambridge. The University of Sheffield charges the lowest tuition, at 23,750 GBP. For Indian students, the cost of obtaining a Masters in Finance in the UK ranges from 23 to 47 lakhs. It is assumed that a student who invests this much money in their education would see substantial returns very fast. 

Conclusion

The finest location for an MSc in finance in UK. The reason for this is that the area is home to some of the best institutions. Additionally, the banking industry offers students excellent work chances with high incomes. The professors at the top institutions in the UK are authorities in their fields. They educate students on collaboration and soft skills in addition to teaching them in-depth financial topics, according to master of finance grads. Several of the top institutions in the area are represented by the universities and business schools mentioned above. Examine the curriculum for each course in depth, then apply the lessons that best meet your requirements.