Masters In Finance UK for Indian Students

masters-in-finance-in-uk

The UK has emerged as a centre for education in Finance and business. Master in Finance at UK universities is an advanced program with high requirements. Masters in Finance programs in the UK set a new milestone in the world of education wherein you can grab an opportunity to learn advanced finance skills and gain knowledge. International students planning to pursue the course at UK universities should budget between 23,000 and 47,000 GBP (tuition fee).

With a master of Finance in the UK degree, you can work as a financial analyst, commercial or investment banker, stockbroker, economist, tax adviser, or financial manager, among other things. Salaries for freshers can range from 49,000 to 111,000 GBP per year, depending on the role. Studying on Master's-level's might open up several career opportunities for you to start your career as a financial analyst, financial consultant, banker or account manager and so on. International students can secure lucrative positions with recruiters such as Goldman Sachs, JP Morgan, and Google, who hire finance graduates from UK universities. Despite the ongoing pandemic, the UK's 2022 stay-back policy for international students has made it easier to work after graduation.

Masters in Finance in the UK – Course Features

Finance post-graduate courses include: The course duration ranges from 9 to 24 months, depending on the institution and course type. In the United Kingdom, the Masters of Finance course curriculum is as follows:

Module

Topics and Subjects

Foundation Modules

Investments and Valuation

Security Analysis

Financial Derivatives

Efficient-market hypothesis

Portfolio risk and risk management

Diversification

Statistics

Probability

Core Modules

Corporate Finance

Derivatives

Ethics & Professional Standards in Finance

Financial Econometrics

Investments and Portfolio Management

Modern Portfolio Theory

Macro-Finance

Mathematics for Finance.

Electives

Advanced Corporate Finance

Applied Trading Strategies

Advanced Options Theory

Asset Allocation & Investment Strategies

Banks, Regulations & Monetary Policy

Credit risk

Fixed Income Securities

Macroeconomics and Finance for Practitioners

Introduction to Quantitative Investing

Projects

In this course, you will have to do some projects to learn theories and their practical applications.

Why Study Masters of Finance in UK

  • According to the Financial Times, in 2021, approximately 91% of Master of Finance graduates will be employed within three months of graduation.
  • The University of Oxford, University of Cambridge, and Imperial College London are among the world's top-ranked universities that offer master's degrees in finance.
  • Masters In Finance UK for Indian students is held in high regard globally as one of the best masters' programs that cater to students who want to pursue their financial education in the best possible environment.
  • Goldman Sachs, JP Morgan, and Google are the top three companies in the UK that employ people in the finance sector.
  • Accounting and finance employees' salaries increased by 8% between 2016 and 2019.

Exams to Study Masters in Finance UK

  • TOEFL – Test of English as a Foreign Language.
  • IELTS – International English Language Testing System.
  • PTE – Pearson Test English.
  • UCLES – University of Cambridge Local Examinations Syndicate.
  • GRE - Graduate Record Examinations.
  • GMAT - Graduate Management Admission Test.

Master of Finance in UK: Program Details

Course Name

Master Degree in Finance

Number of Universities

127

Course Duration

9 months to 1-year

Average Tuition Fees

23,000 GBP - 47,000 GBP

Intake Month

July

Job Positions

Financial Analysts, Commercial or Investment Bankers, Stock, Insurance or Real Estate Broker, Economist, etc.

Top recruiting companies

Goldman Sachs, JP Morgan, Google, Morgan Stanley, BlackRock, HSBC, UBS, Barclays, Citi, Bank of America Merrill Lynch

Average Salaries

115,000 GBP

Masters in Finance in UK Universities

An international student's top priority when planning to study abroad is to attend one of the most prestigious institutions. As per the QS World University Ranking for Accounting and Finance 2022, the top universities offering masters of finance in the UK, along with programme fees, are as follows.

University

Subject Ranking 2022

Program Offered

Total Program Fees in GBP

University of Oxford

5

MSc in Financial Economics (9 months)

45,000

University of Cambridge

6

Masters in Finance (1 year)

47,125

Imperial College of London

29

MSc in Finance and Accounting; MSc Finance (1 year)

35,900

University of Edinburgh

44

MSc Finance (1 year)

31,350

University of Manchester

21

MSc Finance (1 year)

30,000

London School of Economics and Political Science

4

MSc Finance (10 months)

36,984

University of Bristol

51-100

MSc Finance and Investment (1 year)

29,600

University of Warwick

47

MSc Finance (1 year)

35,500

University of Glasgow

101-150

MSc Finance & Management (1 year)

28,420

University of Sheffield

151-200

MSc Finance ( 1 year)

23,750

Eligibility Criteria to Study Masters in Finance UK

You have first to check your eligibility criteria for studying Master's degree in finance as there are many courses which can help you get a job in different fields of finance.

Students applying for a master's degree in finance in the United Kingdom should meet the following requirements:

  • A bachelor's degree in finance, accounting, commerce, or a related field is required.
  • Basic mathematical knowledge, including calculus and statistics
  • Scores on entrance exams are necessary for studying in the United Kingdom.
  • GMAT or GRE score
  • GMAT Average: 680
  • GRE average: 325
  • Proof of English fluency

The table below includes the master's in finance application deadlines and eligibility requirements for some of the most popular UK universities:

University

Application Deadline

Minimum % Required in Bachelors

ELP

University of Oxford

Stage 1: November 1

87% overall

IELTS: 7.5

TOEFL: 110

University of Cambridge

May-31

75% overall

IELTS: 7.5

TOEFL: 110

Imperial College of London

Jan-15

75% overall

IELTS: 7.0

TOEFL: 100

University of Edinburgh

Jun-10

60% overall

IELTS: 7.0

TOEFL: 100

University of Manchester

Round 4: June 30

60% overall

IELTS: 7.0

TOEFL: 100

University of Bristol

Jul-31

60% overall

IELTS: 6.5

TOEFL: 88

University of Warwick

Jul-31

60% overall

IELTS: 6.5

TOEFL: 90

University of Glasgow

15th of every month

60%

IELTS: 6.5

TOEFL: 88

Admission Process to Masters in Finance UK

  • Applications for master's degrees in finance in the United Kingdom are mostly accepted for the September intake.
  • To apply to UK universities, students must have a bachelor's degree in finance or a related field.
  • The sections above describe the basic admissions process for pursuing a master's degree in finance in the United Kingdom.
  • Applicants should be aware that some of the required scores and documents are generic, so they should always visit the university website before preparing their application package.

Documents Required for Masters in Finance UK

Some supporting documents should be uploaded while filling out the application form to successfully apply for masters in finance in the UK:

  • 10th, 10+2, and all semesters of the bachelor's degree mark sheets
  • TOEFL, IELTS, PTE, and GMAT/ GRE scorecards are examples of English language tests.
  • References from the previous/current institute attended or from the workplace
  • 2 years of core finance or finance-related experience (in some institutes internships are also considered)
  • CV containing all personal information, academic credentials, work experience, expertise, and so on.
  • Essay of no more than 500 words explaining why you chose this course and this institute and how the course will help you develop a better future.

Cost of Studying Masters in Finance UK

Tuition for a master's degree in finance in the United Kingdom ranges from 23,000 to 47,000 GBP. Cambridge University has the highest annual tuition fee of 47,125 GBP. The tuition fees at the University of Sheffield are the lowest, at 23,750 GBP. For Indian students, the cost of pursuing a master's degree in finance in the UK ranges between 23 and 47 lakhs. High returns are expected to flow in quickly when students invest this much money in their education.

Pre-Arrival Cost

Pre-arrival costs include a variety of expenses that a student must pay before entering the country. These costs may include the cost of the institute's application form, exam application fees such as GMAT or GRE, English language tests such as TOEFL, IELTS, or PTE, UK student visa registration fees, and others.

Pre-Arrival Expenses

Cost

Application Fees

50 to 120 GBP (INR 4,978 – INR 11,947)

Visa Application Fees

348 GBP (INR 34,648)

IELTS Registration Fee

150 GBP (INR 14,934)

IELTS Registration Fee

140 GBP (INR 13,938)

GMAT application fees

194 GBP (INR 19,315)

GRE application fees

159 GBP (INR 15,830)

Cost of Living in UK for Indian Students

For international students, the monthly average living cost in the UK is around 1170 GBP (INR 1,16,488). The prices listed below are only averages. Your monthly expenses are determined by your lifestyle, accommodation, and location.

Expenses

Cost per month

Rent (for 1 bedroom flat)

500 GBP (INR 49,781)

Council Tax

125 GBP (INR 12,445)

Other Utilities

200 GBP (INR 19,912)

Travel Cost (via public transport)

55 GBP (INR 5,475)

Mobile Phone Plan

40 GBP (INR 3,982)

Other Costs (food, internet, groceries, etc.)

250 GBP (INR 24,890)

Total Monthly Cost

1170 GBP (INR 1,16,488)

Masters in Finance in UK with Scholarships

UK Universities and other organisations provide financial assistance to students through scholarships, awards, and bursaries. International students may find it difficult to pursue a master's degree in finance in the United Kingdom.

Some scholarships for international students in the UK that can help with expenses are listed below:

University

Scholarship

Amount Offered in GBP

Imperial College of London

MSc Finance Future Leaders Scholarship

35,900

University of Edinburgh

Business School International MSc Scholarship

4,000 - 10,000

University of Manchester

Alliance MBA Masters Scholarships for UK/ EU/ International Students

Full tuition fees

London School of Economics and Political Science

Graduate Support Scheme; LSE Master's Award

5,000 - 15,000 depending on financial need

University of Bristol

Global Accounting and Finance Scholarship

5,000

University of Warwick

WBS Scholarships

25 - 50% of the tuition fees

University of Glasgow

Adam Smith Business School Scholarship

10,000

The University of Sheffield

International Merit Postgraduate Scholarship

25% of the tuition fees

University of Cambridge

MFin Program Scholarship

5,000 - 25,000

University of Oxford

Alumni Annual Fund Scholarship

10,000

Oxford Said - HEC Montreal Scholarship

53,000

Student Visa Process to Study Masters in Finance UK

Applying for a UK Student Visa entails several steps. UK Study Visa applications are processed within three weeks of receipt of the completed application.

Step 1 - The first step is determining whether you are eligible for a student visa. You must demonstrate that you have:

A guaranteed spot at the school, university, or college you intend to study. A 'confirmation of acceptance for studies' is called (CAS).

Enough money to fulfil your course fees and living expenses in the United Kingdom.

Step 2: Prepare your documents.

Step 3: Submit an online application.

Candidates register and create an account on the official UK Visa website.

After completing your online application, you must print and sign your completed form. To make an appointment at the visa application centre, you must use the online appointment calendar. After finishing your online application, you will receive an email with your application number.

Step 4: Pay your application fee in step four. There are four options for paying your visa application fee.

  • Payment at Standard Chartered Bank - You can pay your fee at some Standard Chartered Bank branches. The bank will send a demand draught to 'The British High Commission.'
  • Demand draught from a domestic or foreign bank - You can pay your fee with a demand draught issued by a domestic or foreign bank. The fees charged by the bank for this service will vary. The draught demand must favour "The British High Commission."
  • Payment at the visa application centre - You can pay the visa application fee at the visa application centre after submitting your visa application.
  • Candidates can pay the visa application fee online with a Visa or MasterCard credit or debit card.

Step 5: Reach the visa application centre on the scheduled date. To submit your application, facial photograph, and fingerprints, you must prepare and attend an appointment at the visa application centre.

Jobs & Salary After MS in Finance in UK

Graduates of the Master of Finance programme can pursue careers ranging from financial management and insurance to commercial banking and hedge funds. Making a career in finance is difficult, but the pay packages are competitive depending on experience, position, and industry. The average person working in accounts and finance in the UK earns around 115,000 GBP. Salary increases of up to 32% after 2 to 5 years of experience.

Sector

Employers

Annual Average Salary

Hedge Funds

Capula Investment Management LLP, Man Group, Brevan Howard Asset Management

Trader Salary – 1,34,971 GBP (INR 1,34,38,150)

Portfolio Manager – 2.59.356 GBP (INR 2,58,22,323)

Investment Banks

Morgan Stanley, JP Morgan Chase, BlackRock, etc

75,000 GBP (INR 74,67,242)

Commercial and Retail Banks

Barclays, Royal Bank of Scotland Group, Lloyds Banking Group

80,000 GBP (INR 79,65,059)

Insurance

Axa, AIG Europe, Liberty Mutual Insurance Europe, etc.

75,000 GBP (INR 74,67,242)

Professional Services

RSM, Smith & Williamson, Moore Stephens, Deloitte, KPMG, PwC

90000 GBP (INR 89,60,691)

Top Accounting Firms in UK

These are the top recruiters in the UK for finance sectors.

  • EY
  • PwC
  • Deloitte
  • KPMG
  • HSBC
  • Barclays
  • Lloyds Banking Group
  • Morgan Stanley
  • Deutsche
  • JP Morgan
  • Admiral Group
  • Aviva
  • Allianz
  • AXA
  • Prudential

This blog should have provided you with the fundamentals of pursuing a master's in Finance in the UK. Do you want to study in UK? Contact AECC Global experts, and we will assist you in shortlisting the best course and university in the UK and helping you throughout the admissions process to ensure that you are successfully shortlisted! Sign up for a free consultation with us today! 


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