Masters In Finance UK for Indian Students

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:

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, the 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

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.

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:

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.

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Documents Required for Masters in Finance UK

Some supporting documents should be uploaded while filling out the application form to successfully apply for master's 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.

SUGGESTED: Cost of Studying in UK

Cost of Living in UK for Indian Students

International students' 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.

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:

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. You must use the online appointment calendar to make an appointment at the visa application centre. 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. You must prepare and attend an appointment at the visa application centre to submit your application, facial photograph, and fingerprints.

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.

QUICK READ: Part-time Jobs in UK

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! 

FAQs About Masters In Finance UK