Finance is a specialisation that is rapidly gaining ground worldwide and is relevant in almost everything, starting from analysing and interpreting financial markets, and economic trends, to managing money and banking and financial operations. It also equips students with the skills to evaluate and optimize assets and financial resources. A master’s degree in Finance helps students to plan, synthesise, and uncover all the unknown aspects of a balance sheet and make better financial decisions in various types of finance – Public Finance, Corporate Finance, and Personal Finance. Today, we take you through the top finance universities in the UK where you can get a degree by spending £34,700 – £47,000 on average.
Financial Manager, Financial Analyst, Economist, Insurance or Real Estate Broker, Commercial or Investment Bankers, Tax Adviser
Top recruiting companies
Barclays, Google, HSBC, JP Morgan, UBS, Goldman Sachs, Bank of America Merrill Lynch, Morgan Stanley, Black Rock,
Average annual salary
£1,15,000
Why Study Masters in Finance in the UK
A keen interest in the economy and investments backed by a bachelor’s degree, can be a major reason behind pursuing a master’s degree in Finance in the UK. However, before that, students should be aware of the reasons to study master’s in Finance in the UK.
An affinity of specialisations
The UK is home to a number of recognised business schools with outstanding master of finance programs offering a number of specialisations. These specialisations include Risk Management, Emerging Markets, International Financial Reporting, Financial Regulation, and Strategic Finance Practice.
Increased salaries than other countries
The finance sector witnessed a massive increase in salaries from 2016 to 2019. Since then, the sector has been offering well-paid job opportunities for international students in the UK.
Prosperous career opportunities
A degree in finance can open doors to multiple career opportunities around the world, starting from Investment Banker, Stockbroker, to Financial Consultant and Investment Broker. Working in this domain is both challenging and financially rewarding as the earning potential varies according to the candidate’s experience and position.
Expert assistance
The faculty at the best universities for MSc Finance in the UK are experts with mastery over their respective fields. They have work and teaching experience of many years and hold diverse knowledge of the current markets. This helps them impart the best knowledge and skill sets required by finance graduates which prepares them to match the needs of the real world.
Sharpen skills and industry knowledge
The world is in constant need of finance professionals and their opinions and expertise is in demand and highly sought after. Pursuing a degree in finance empowers students to think objectively and the technical financial know-how would ease the process of collaborating with fellow cohorts.
The admission process at the best universities in the UK for masters in finance takes place two times a year – winter intake (January/February) and spring intake (September/October). Aspirants need to keep an eye on when the universities roll out their admission forms. Here are the steps they can follow to ensure a smooth application process.
Choose the preferred university that offers MSc in Finance
Go through the entry requirements
Check the documents that should be attached along with the application form and submit them before the deadline
Pay the application fees and wait for confirmation
Upon receiving the Confirmation of Acceptance for Studies (CAS) letter, apply for a UK student visa
Eligibility Criteria for Leading Universities in the UK for Masters in Finance
Here are the eligibility criteria for the top universities in the UK for master’s in finance:
Undergraduate or Bachelor’s degree in accounts, finance, commerce or any other related field
Basic knowledge of mathematics, inclusive of statistics and calculus
A minimum score of 6.5 to 7.5 in IELTS or 88-110 in TOEFL
Some institutions will consider two years of professional experience in a related field
Masters of Finance in the UK: Documents Required
Students should check and submit all the required documents along with their application while applying to top finance universities in the UK, which are as follows:
Bachelor’s degree
Two academic references
English language proficiency scores
GRE/GMAT scores
Statement of Purpose
CV/Resume
Work experience letters (if applicable)
Masters of Finance in UK : Cost of Study
The cost of studying at the best universities in the UK for masters in finance can be divided into three parts – pre-arrival cost, tuition fees, and cost of living.
Graduates from the best universities for MSc finance in the UK can find a job in various sectors such as investment banking, insurance, retail banking, and many others at top recruiting organisations such as EY, PwC, Barclays, HSBC, Goldman Sachs, Morgan Stanley, KPMG, Deloittte, etc.
Masters in Finance in the UK: Career Opportunities
Job profile
Average Base Salary/year
Financial Manager
£57,685
Financial Analyst
£44,530
Personal Financial Advisor
£43,284
Investment Banker
£48,817
Stockbroker
£41,875
Study Overseas with upGrad Abroad
Do you wish to study abroad? Get in touch with upGrad Abroad’s consultants who will help you out in choosing the correct option from the wide array of foreign universities and courses. During the first year of studying with upGrad Abroad, you will study online at a partner university in India. In the next year, you will take off abroad to study on-campus at a university of your choice.
Frequently Asked Questions
How much does a master’s of finance degree cost in the UK?
The cost of studying master’s of finance in the UK varies across different universities. However, the tuition fees for a master’s of finance degree are around £34,700 – £47,000 annually.
What is the eligibility for a master’s of finance in the UK?
To be eligible for a master’s of finance degree in the UK, students should meet the following criteria:
Undergraduate or Bachelor’s degree in a discipline related to finance
Fair knowledge of statistics, mathematics, and calculus
A minimum score of 6.5 to 7.5 in IELTS or 88-110 in TOEFL on the English language proficiency test
Average GMAT score of 680 or GRE score of 325
Is work experience mandatory for pursuing masters of finance in the UK?
It is not mandatory to have work experience to study at the best universities in the UK for master’s in finance. However, some universities might require a work experience of up to two years. Having a work experience of 12 to 15 months makes it easy to find internships during the course of the study.
A post graduate in Journalism and Mass Communication, Pratishtha enjoys penning down things significant. What interests her the most is exploring and researching on gamut of study abroad.
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