The United Kingdom has established itself as an accounting and finance education centre. The Master of Finance degree at UK universities is a challenging curriculum with high expectations. Masters in Accounting and Finance in the United Kingdom have set a new standard in the world of education, allowing international students, such as Indian students, to master advanced finance skills and develop knowledge.
Accountants and financial experts are needed worldwide to help businesses make informed, strategic decisions that will allow them to expand and thrive in a competitive market. A master's degree in Accounting and finance in the UK will teach you how to make these crucial investment decisions in various business situations.
Table of Contents
- Masters in Accounting and Finance in UK: Course Highlights
- Why Masters in Accounting and Finance in UK?
- Who Should take Masters in Accounting and Finance in UK?
- Top Universities In Uk For Masters In Accounting And Finance
- Cost of Studying Masters in Accounting and Finance in UK
- Tuition Fees
- Cost of Living in UK
- Eligibility Criteria to Study Masters in Accounting and Finance in UK
- Exams Required to Study Masters in Accounting and Finance in UK
- Scholarships for Masters in Accounting and Finance in UK
- Jobs after Masters in Accounting and Finance in UK
- How to Apply for Masters in Accounting and Finance in UK?
- FAQ
Masters in Accounting and Finance in UK: Course Highlights
|
Program |
MSc |
|
Course |
Accounting and Finance |
|
Duration of the Course |
1 to 2 years |
|
Eligibility |
English Language Proficiency is necessary for eligibility. |
|
Entrance Exams |
|
|
Tuition Fees |
22,000 GBP |
|
Jobs |
Accountant, financier, hedge funds manager, Bank manager, etc. |
|
Average Salary |
110,000 GBP |
Why Masters in Accounting and Finance in UK?
The UK is home to some of the best business schools in the world. These universities will give you the knowledge and the opportunity to build a solid social network. Students come from all over the world to the UK to study. This creates an attractively diverse population in the student body.
Who Should take Masters in Accounting and Finance in UK?
Studying Masters in Accounting and Finance is open to students with bachelor's degrees in Accounts, finance, or any other related field.
Some courses accounting and Finance courses are:
- MSc Accounting and Finance
- MSc Finance
- MSc Quantitive finance
- MSc Accounting.
Top Universities In Uk For Masters In Accounting And Finance
|
University Name |
QS World Ranking |
City |
|
University of West London |
25 |
London |
|
Manchester Metropolitan University |
41 |
Manchester |
|
Coventry University |
56 |
Coventry |
|
University of Central Lancashire |
104 |
Lancashire |
|
Leeds Beckett University |
120 |
Leeds |
Cost of Studying Masters in Accounting and Finance in UK
The cost of a master's degree in Accounting and Finance in the United Kingdom varies based on the university's location. If you opt to study in the UK, you'll have to pay for student visa fees, application fees, and more. Due to the exclusive and supplementary educational services given by private institutions, studying at a private university in the UK is more expensive for international students.
Tuition Fees
|
University Name |
Program |
Duration |
Tuition Fees in INR |
|
University of Edinburgh |
MSc Accounting and Finance |
1 to 2 years |
26.9 Lakhs |
|
University of West London |
MSc Quantitive finance |
1 to 2 years |
29.7 Lakhs |
|
University of Manchester |
MSc Finance |
1 to 2 years |
25.3 Lakhs |
|
University of Leeds |
MSc Accounting |
1 to 2 years |
25.1 Lakhs |
|
University of Warwick |
MSc Accounting and Finance |
1 to 2 years |
28.5 Lakhs |
Cost of Living in UK
While the cost of living in any region is determined by your personal preferences, the cost of living in the United Kingdom is determined by the city in which you reside. Although it is challenging to decide on an exact price for what will be spent, we can estimate the cost of living.
These are tabulated below:
|
Kind Of Expenses |
Amount in GBP |
|
Student accommodation |
500 |
|
Food expenses |
200 |
|
Transportation Charges |
150 |
|
Entertainment |
100 |
|
Internet charges |
70 |
|
Clothing |
50 |
|
Restaurant meal |
25 |
Eligibility Criteria to Study Masters in Accounting and Finance in UK
- A bachelor's degree in accounting, finance, or a related field from a recognised institution is required.
- Suppose the candidate has never previously studied at an undergraduate or postgraduate level in the United Kingdom. In that case, several universities in the United Kingdom consider the GRE mandatory.
- If you are a non-native English speaker, you must take a language proficiency test such as the IELTS, TOEFL, or PTE to demonstrate your language skills.
Exams Required to Study Masters in Accounting and Finance in UK
|
University Name |
Accepted Exams |
Minimum Band Requirement |
|
University of Edinburgh |
IELTS |
7.0 |
|
University of West London |
IELTS |
7.0 |
|
University of Surrey |
IELTS |
6.5 |
|
Coventry University |
IELTS |
6.5 |
|
Leeds Beckett University |
IELTS |
6.5 |
|
University of Manchester |
IELTS |
7.0 |
Scholarships for Masters in Accounting and Finance in UK
|
Name of the Scholarship |
Details |
Eligibility |
Amount In GBP |
|
Business School International MSc Scholarship |
Scholarship given by University of Edinburgh |
Must be an international student |
10,000 |
|
MSc Finance Future Leaders Scholarship |
International scholarship given by Imperial College |
Must be an international student |
25,000 |
|
Alliance MBA Masters Scholarships for International Students |
International scholarship given by University of Manchester |
Must be an international student |
10,000 |
|
Global Accounting and Finance Scholarship |
University of Bristol academic scholarship given to international students |
Must be an international student |
5000 |
|
WBS Scholarships |
University of Warwick scholarship for outstanding international students |
Must be an international student |
9000 |
Jobs after Masters in Accounting and Finance in UK
Accounting and finance are two areas of study that can lead to various professional opportunities for those with postgraduate degrees. Masters in Accounting and Finance prepare students for different prospective employers in finance, investment, accounting, and banking.
Here are just a few of the jobs you could get after finishing your master's in finance and accounting:
|
Job Profile |
Salary in GBP |
|
Writer |
80,000 |
|
Proofreader |
70,000 |
|
Portfolio Manager |
100,000 |
|
Hedge Funds manager |
200,000 |
|
Investment Banker |
100,000 |
How to Apply for Masters in Accounting and Finance in UK?
- The first step in applying for a Masters in Accounting and Finance in the United Kingdom is to search for the university that best fits you and your budget.
- Next, research the application dates for the UK universities and institutes to which you plan to apply. As an Indian student, you should start the application process at least a year to six months in advance to allow adequate time to complete the admission examinations and English tests and submit your application by the deadline.
- International candidates must submit their IELTS and TOEFL exam scores as part of the third phase in the UK university admissions process. This is done to guarantee that you have proof of English competence.
- The next step in your application process is to collect all relevant test results and papers. Students should start composing their Statement of Purpose, get letters of recommendation from teachers and supervisors, and compile financial records and other documents, such as test results.
- After gathering your documents, begin filling out application forms on the university's websites. Students who wish to apply to UK institutions that accept direct applications should first visit the university's official website. They will need to select courses, pay tuition, and begin the application process online.
Still unclear about anything? Well, not to worry. Contact AECC and get your queries answered today!
FAQ
Is Accounting and Finance a good degree in the UK?
Yes. Accounting and Finance is one of the traditional business majors in the UK. Thus, the country is an excellent platform which provides the best learning environment to learn the same.
What is MSc Accounting and Finance in the UK?
The MSc Accounting and Finance course enhances your intellectual and transferable skills including presentation, research, analysis and appraisal. This course addresses many of the current issues present in business and how they are associated with social, technical and economic challenges.
What is the scope of MSc Accounting and Finance?
By completing MSc in Accounting and Finance, students can aim for the roles like:
- Chief Financial Officer
- Finance Director
- Financial or Business Controller
- Financial or Business Analyst
- Financial or Treasury Manager
- Finance Business Partner
AECC Global is one of the world's leading educational consultancies with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.