Masters of Accounting is the best course to study if you want to make your career in the field of Finance. There are so many reasons to pursue a postgraduate degree in Accounting. These courses also get you industry-ready.
The most preferred place for every international student to study for a Master degree in Accounting is the UK. The education of the UK is highly demanded and recognised across the world. Furthermore, postgraduate courses are highly valued by companies in the UK.
Why Study Master of Accounting in UK?
In the stream of Accounting & Finance, various institutions of the UK are included in the top 10 QS World University Ranking 2021. 3 out of the top 10 universities included in the QS ranking are from the UK. As per QS top 50 global university ranking, eight universities of the UK are listed in this category.
In the United Kingdom, the courses related to accounting and finance educate international students to get a job in that field of banks, accounts, corporate, and economic sectors. Masters of Accounting allows the students to go through subjects related to corporate finance, financial risk, management accounting, management, HRM, cost accounting and audit.
High Paid Jobs
On the basis of their position and company, the UK based employees in the field of accounting and finance receive a well-paid jobs. Approximately a practising accountant earns 55,030 GBP, whereas an accountant in companies receives nearly 68,004 GBP.
After completing a Master in Accounting from the University of UK you can get an opportunity to work with the London financial sector. It is the best and largest financial sector across the globe. Predictions are made that there will be an extra demand of around 80,000 candidates in the field of accounting.
More About the Course
In the UK, a full time or part-time Masters in Accounting degree is usually a 10 to 12 months program. Whereas, the duration of a part-time program at the University of Cambridge is 2 years.
Every university has a different syllabus, curriculum and content structure in the Masters in Accounting program. For instance, some consist of finance as a core subject and others combine the two subjects in an integrated program.
Top Universities in UK
Wondering which are the top accounting universities in the United Kingdom? According to QS Ranking of 2021, here are the first 5 institutions and their rankings:
|University Name||QS Ranking 2021|
|The London School of Economics and Political||4|
|University of Oxford||5|
|University of Cambridge||7|
|London Business School||11|
|The University of Manchester||17|
Best Courses for Master of Accounting in UK
The following are among the top-rated courses that are available in the UK:
⮚ Accounting, Organizations and Institutions
⮚ Business with Accounting and Finance
⮚ International Accounting and Finance
⮚ Accounting and Financial Management
Tuition Fees for Master of Accounting
If you want to study in the UK, then the biggest hurdle you might face could be the tuition fee of the university. Let's have a look at tuition fees of top UK Universities and offered courses.
provides a Master in Data Science program.
|University Name||Course Name||Tuition Fees|
|University of Edinburgh||MSc Data Science||£1,500|
|Kings College of London||MSc Data Science||£27,900|
|University of Manchester||MSc Data Science (Computer Science Data Informatics)||£25,000|
|University of Bristol||MSc Data Science||£24,700|
|University of Glasgow||MSc Data Science||£24,540|
Master of Accounting Scholarships in UK
Pursuing a Master in Accounting from a university in the UK can get expensive for international aspirants. However, for exceptional students, the UK offers different scholarship schemes to manage their fees. This is offered on the basis of merit, qualification, and eligibility criteria of the university. Some of these include:
⮚ British Council’s 70th Anniversary Scholarship
⮚ GREAT Scholarship
⮚ JSCCA Bursary
⮚ QS Leadership Scholarship
⮚ Master Scholarship for Indian residents
General Requirements for Master of Accounting in UK
The London School of Economics and Political
● Duration: 9 months (full-time) or 21 months (part-time)
o An accounting & finance or similar field degree with above 2:1 grading/75% or equivalent.
o For all international students, GMAT scores are mandatory.
o English Proficiency test: IELTS (7.0), TOEFL (100), PTEA/LSE
● Application Intake: None (Rolling Admissions)
● Application Fees: £80
University of Oxford
Duration: 9 months (full-time)
o Undergraduate degree
o Work experience (preferable)
o Kira Talent video assessment
o English language proficiency
Application Intake: Check their Official Website
Application Fees: £100
University of Cambridge
● Duration: 24-month
o Students must have 75% above degree or equivalent
o It is mandatory to qualify GMAT/GRE/EA test
o Two years of working experience is required. It is not necessary to have experience in the accounting field.
o You must hold two professional references, in which you should have one from your recent job.
o Certified English proficiency: TOEFL (110), IELTS (7.5), CAE/CPE scores.
o Recent Updated Passport
o Document of Immigration
● Application Intake: September
● Application Fees: £150
London Business School
● Duration: 12-16 months
o Completed form
o Letter of Reference
o GMAT, GRE or CFA score above 600.
o Curriculum Vitae
o English Language Test Scores of the following: IELTS, TOEFL, CPE, CAE or PTE
o University Transcripts
● Application Intake: March
● Application Fees: £100
The University of Manchester
● Duration: 12 months full-time
o 2:1 Undergraduate degree from University of UK or international.
o GMAT or GRE scores are required with a good scorecard.
o Only Certified English language Test is accepted: IELTS (7.0), TOEFL (100), CAE or CPE
o For every country there are different eligibility criteria so please visit their official website.
● Application Intake: Visit their Official Website
● Application Fees: £60
Imperial College London
● Duration: 1 year full-time
o With a 2:1 or above grade degree in accounting and finance.
o Please visit the Country and Region Index section on its official website for academic admission requirements.
o For English Proficiency you must qualify- IELTS (7.0), TOEFL (100), CAE, CPE or Duolingo English test.
● Application Intake: Mid-August
● Application Fees: £80
The University of Edinburgh
● Duration: 1 Year
o Bachelor’s degree in the field of Accounting or Finance or similar field with strong grades.
o Working experience is not mandatory but can help you to get admission easily.
o Students, who hold better grades and professional qualified degrees, will be given preference
o Certified English Language test will only be accepted: IELTS (7.0), TOEFL iBT (100), CAE or CPE.
● Application Intake: 5 Different Deadlines (Visit their Official Website)
● Application Fees: £60
The University of Warwick
● Duration: 12 Months
o Bachelor's degree with above 75% or 2:1 grade
o GMAT/GRE is not mandatory but can boost your application with an above 700 scorecard.
o English Proficiency Test: Only IELTS (7.0), TOEFL (100), CAE/ CPE, or Duolingo English Test.
o One Letter of Reference
o Professional Curriculum Vitae will boost your application.
o Degree transcripts
o SOW with 500 words.
● Application Intake: October
Need of IELTS for International Students
While applying for a postgraduate degree in the UK, international students must have competent command of the English Language. As per UK Visas and Immigration (UKVI) authorities, a student must qualify the Secure English Test (SELT). This test proves that you are proficient in the English Language and eligible to study in the UK.
The SELT exam is officially accepted by the UK government as compared to other English Language tests including IELTS or TOEFL. If a student wants to get a UK Visa, then it is a must to attempt and qualify for the SELT test. It is the entrance gate for all international students to pursue any course or degree from UK universities.
Job Opportunities in UK after Master of Accounting
After receiving a Master degree in Accounting from a university in the UK, the fresh graduates can find fantastic job possibilities with a good salary package. If a student has completed MSc in Accounting from a UK institution then he/she can be appointed in accounting firms, consultancy organisations, corporate and management, research and accountancy.
Finance and accounting is vast subject though a graduate student can get best salary and job package in any multinational company, bank, or corporate sector in UK on different positions, including:
⮚ Chartered Accountant Manager (£63,000)
⮚ Auditing Manager (£48220)
⮚ Financial Advisor (£42,920)
⮚ Financial Trader (£51,015)
⮚ Investment Analyst (£47,715)
After getting a postgraduate degree from a qualified university in the UK a student can also apply for research programs such as Ph.D. and Doctorate.