Embarking on an MSc in Finance journey in the UK opens doors to a wealth of career opportunities that promise financial success. With a global reputation for hosting some of the world's premier educational institutions, the UK guarantees an enriching academic experience and invaluable professional mentorship, setting you on the path to a thriving career. 

The tuition expenses for Indian students eyeing an MSc in Finance in the UK fluctuate, spanning an approximate range of 21,39,145 to 44,69,235 INR, equivalent to 24,000 to 49,000 GBP. Depending on the specific role you secure, anticipate your annual earnings in the initial year as a graduate to hover between 60,000 and 116,000 GBP. This calculated move strategically lays the foundation for a future that promises both fulfilment and prosperity!

Highlights of MSc Finance in the UK

Why Study MSc Finance in the UK?

Choosing an MSc in Finance in the UK means choosing to embark on an exciting journey of exploring significant possibilities. According to the prestigious Financial Times, an astounding 93% of participants in this program secured fulfilling jobs in just a month's time. This indisputable evidence demonstrates the program's exceptional efficacy.

The United Kingdom is home to some of the world's most prestigious universities, like the University of Oxford, which is well-known for offering the best MSc in Finance programs. This adds to the country's allure.

When it comes to hiring financial specialists, the two titans of the industry—Goldman Sachs and Google—stand out as the best. Putting oneself in such a powerful people's company can significantly alter the course of your career.

The cost of living in the UK can be made affordable. The country allows international students to work part-time during their course duration. There is a lot of student support available in the country.

The UK’s degrees are recognized worldwide. A degree from any top UK university opens doors to global workspace and opportunities.

English is a universal language, and the students do not face a language barrier in the UK. The student community in the UK is welcoming. The people in the UK are friendly and respect all the traditions and cultures.

Best Universities for MSc in Finance in UK

There are several prestigious institutions in the UK that provide excellent master's degrees.

Level of Study in MSc Finance in the UK

Bachelor's Level: 

Students pursuing an undergraduate specialty in finance get a fundamental grasp of financial concepts and procedures, including foundational courses in investment analysis, financial accounting, etc. High school graduation or its equivalent, with an emphasis on mathematics, is frequently required for obtaining a bachelor's degree in finance.

Master's Level: 

Macroeconomic theories and analytical methods are covered in greater detail in master's degree programs in finance. These programs frequently address topics like risk management and economic modeling. Normally, qualifying requires a sufficient bachelor's degree in finance or a related field. In order to be considered for the position, you must submit your school records and letters of reference.

Doctorate Level: 

Advanced monetary theory and statistical techniques are commonly enrolled in Ph.D. programs in finance, which are among the highest-level degrees in the field. In addition to the necessary research experience, qualifying often requires an advanced degree in finance or a closely related field. A Ph.D. in finance might be costly, although many universities provide scholarships or grants to worthy candidates.

Program Highlights

Post-graduation courses finance include:

• Master of Science (MSc)
• Masters in accounting and finance in the UK–MSc Accounting, MSc Accounting, and Finance
• MSc Quantitative Finance
• Masters of Business Administration (MBA)
• Financial Law 
• Corporate Law

The course duration is between 9-24 months, depending on the institution and type of course.

The Masters of Finance course curriculum in the UK is – 

Admissions Requirements for Master’s in Finance in the UK

The UK universities generally start accepting the admission application for Masters in Finance around September.

Eligibility Criteria for a master’s degree in finance in the UK are: 

• Bachelor’s degree in finance, accounts, or any other degree related to finance.
• Some universities want students to have mathematics and statistics proficiency
• The scores required in the entrance exams to study in the UK. 

1. The average GMAT score required is around 680
2. The average GRE score required is 325

• English Language Proficiency (ELP).

The points mentioned above are generic requirements and can vary from college to college and course to course. You must visit the college or university website before preparing your application. 

Masters in Finance in the UK: Eligibility

Documents Required for Masters of Finance in the UK

• Mark sheets of class 10th and 12th.
• Mark sheets of all semesters of your bachelor’s degree
• Scorecard for English Language Proficiency (ELP) tests like TOEFL, IELTS and PTE. 
• Scorecard of entrance exams like GMAT or GRE.
• References from the last college/university attended or current college/university. Or if you have work experience, then reference from the workplace.
• Some universities require students to have some professional experience. Two years of work experience in any core finance or finance-related job.
• CV containing all personal information, academic qualification, Skills & competencies, work experience, expertise, etc.
• Essay of about 500 words, where you have to explain why you have chosen this course and this college/university and explain why and how this course will help you develop a better future.

Cost of MS in Finance in the UK

If you plan to pursue your education abroad in the UK, you will have to incur various expenditures. These include pre-arrival and post-arrival costs, travel expenses, tuition fees, rent, food, internet, groceries, and other living expenses, etc.

Pre-arrival costs

Pre-arrival costs include various expenses that a student must pay before arriving in the country. These expenses may include the cost of the application form of the institute, application fees of the exams like GMAT or GRE, English language tests like TOEFL or IELTS or PTE, UK student visa registration fees, and others.

Tuition Fees for Master’s in Finance in the UK

The tuition fees for the masters in finance in the UK are around 23,500 GBP  to 47,000 GBP . The annual tuition fee of the University of Cambridge is 47,125 GBP  which is the highest. And the annual tuition fee of the University of Sheffield is 23,750 GBP, which is the lowest. 

Return on Investment

When you invest that much money in your education, you expect high returns in the form of a high salary.

Living Costs in the UK

The monthly average living cost in the UK for international students is around 1170 GBP. The costs mentioned below are just average costs. Your monthly expenses depend on your choice of lifestyle, accommodation and location.

Scholarships & Financial Aid for MSc Finance in the UK

Following are a few scholarships available to overseas students in the UK that may assist in lowering costs:

Career Opportunities after MSc Finance in the UK

Graduates with a master's degree in finance can work in investment banking, commercial banking, insurance companies, and other fields. Barclays, Deloitte, KPMG, HSBC, Morgan Stanley, Allianz, and other major recruiters are among them. You might aim for several employment profiles after earning your MSc in Finance from the UK. Below is a list of the top ones:

Sector-wise expected average salary:

The UK is a service-dominated economy where the service sector contributes more than 70% of the total GDP of the nation. Masters in Finance graduates can have great career opportunities in the UK. With increasing credit growth and decreasing interest rates, retail money has started to flow heavily in hedge funds, mutual funds, private equity firms, venture capital firms, etc. 

This inflow of retail money has increased the demand for many financial analysts, fund managers, portfolio managers, traders, investors, research analysts, etc.

Disclaimer: All course fees and salaries are approximate amounts subject to change depending on various conditions.