Master of Commerce in the UK

Master of Commerce in the UK

Master of Commerce in the UK
Ujjwal DhunganaMon Sep 05 2022

The Master of Commerce is a postgraduate master's degree with an emphasis on business, accounting, management, and economics topics. Its focus on a subject distinguishes it from generalist degrees like the MBA. 

Studying a Master's program in the United Kingdom exposes international students to many choices and a racially and culturally diverse environment. A Master’s degree in the UK is usually a 3–4 year course offered by some of the UK's top universities. 

Tuition for the program ranges between £16,000 and £64,000 per year. In the United Kingdom, the average salary after completing a postgraduate degree in Commerce is £43,000 per year.

Students interested in pursuing graduate courses in commerce will undoubtedly obtain knowledge and experience that will help them advance in careers in management, finance, business, marketing, or economics, depending on their specialization.

Why pursue a Master’s degree in Commerce in the United Kingdom?

  • UK educational institutions consistently rank among the best in the world, and their degrees are regarded and recognized worldwide. 
  • There are numerous scholarships and other funding options available.
  • Demand for business skills is high throughout the world.
  • The shared learning experience gained from studying real-world case studies and business models is quite beneficial.
  • A vast range of study programs to choose from.
  • In the UK, a Master's degree in Commerce can lead to lucrative jobs such as Marketing Manager, Investment Banker, Human Resource Manager, Certified Public Accountant (CPA), Cost Accountant, etc.

Top Universities for Master of Commerce in the UK

Several top universities in the UK offer Master's degrees in Commerce. At post graduation level, commerce degrees are offered as specializations. Some of the commonly offered specialization degrees in commerce are listed below:

  • Accounting & Finance
  • Marketing
  • Taxation
  • Statistics
  • Banking
  • Insurance
  • International Business Operations
  • Economics
  • Actuarial Studies
  • Corporate Governance
  • Human Resource Management

Top Universities for Master of Commerce in the UK: Global Ranking

Here is a list of top universities in the UK offering postgraduate masters in commerce.

Ranking

University

Location

3

London Business School

London, United Kingdom

8

University of Cambridge

Cambridge, United Kingdom

9

University of Oxford

Oxford, United Kingdom

11

The London School of Economics and Political Science (LSE)

London, United Kingdom

21

The University of Warwick

Coventry, United Kingdom

25

Imperial College London

London, United Kingdom

32

The University of Manchester

Manchester, United Kingdom

60

City, University of London

London, United Kingdom

70

Lancaster University

Lancaster, United Kingdom

70

University of Leeds

Leeds, United Kingdom

83

University of Bath

Bath, United Kingdom

95

Oxford Brookes University

Oxford, United Kingdom

99

UCL

London, United Kingdom

Master of Commerce in the UK: Program and Course Duration

Here are a list of top universities in the UK offering postgraduate masters in commerce with program and course duration details:

University Name

Program

Course Duration

London Business School

Masters in Management

12 to 16 months

University of Cambridge

Master of Business Administration 

1 year

University of Oxford

M.Sc. in Financial Economics

9 months

The London School of Economics and Political Science (LSE)

M.Sc. in Accounting and Finance

9 months

The University of Warwick

M.Sc. in Economics and International Financial Economics 

1 year

Imperial College London

M.Sc. Business Analytics

1 year

The University of Manchester

M.Sc. Accounting and Finance

1-year

University of London

M.Sc. in Banking and International Finance

1 year

Lancaster University

Master of Business Administration 

1 year

University of Leeds

M.Sc. in Enterprise and Entrepreneurship

1 year

University of Bath

M.Sc. in Marketing

1 year

Oxford Brookes University

M.Sc. in Digital Marketing

 1 year

UCL

M.Sc. in Management

 1 year

Master of Commerce in the UK: Tuition fees

The cost of studying a Master’s degree in Commerce in the UK for international students is as follows:

University Name

Tuition fee per year

London Business School

£39,200

University of Cambridge

£64,000

University of Oxford

£48,670

The London School of Economics and Political Science (LSE)

£32,208

The University of Warwick

£ 27,930

Imperial College London

N/A

The University of Manchester

£32,000

City, University of London

£31,000

Lancaster University

N/A

University of Leeds

£23,750 

University of Bath

£25,000

Oxford Brookes University

£16,800

UCL

£35,100

Master of Commerce in the UK: University Specific Entry Requirements

London Business School

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  6.0 overall, with no less than 5.5 in each skill.
  • Academic requirements:  
  • A bachelor’s degree in any discipline with a score of at least 2.1 on the UK scale or the international equivalent. 
  • Perspective students should have graduated within the last two years, with a maximum of two years of postgraduate work experience.

University of Cambridge

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.5 overall, with no less than 7.0 in each skill.
  • TOEFL: 110 overall, with no less than 25 in each section.
  • Academic requirements:  
  • A bachelor's degree in any discipline with a minimum score of at least 2.1 on the UK scale or the international equivalent.
  • At least two years of work experience.
  • GMAT or GRE score is recommended

University of Oxford

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.5 overall, with no less than 7.0 in each skill.
  • TOEFL: 110 overall, with no less than 22 in listening, 24 in reading, 24 in writing, and 25 in speaking.
  • Academic requirements:
  • A bachelor's degree (honors) in any discipline with a score of 2.1 or 2.2 on the UK scale or the international equivalent
  • GMAT or GRE score with 80th percentile in the quantitative and verbal scores and at least 5 in the analytical writing score. 

The London School of Economics and Political Science (LSE)

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.5 overall, with no less than 6.5 in each skill.
  • TOEFL: 100 overall, with no less than 22 in listening, 23 in reading, 24 in writing, and 22 in speaking.
  • Academic requirements: 
  • Upper second class honors degree or equivalent in accounting and finance or a related subject. 
  • Prerequisite courses in financial reporting, management accounting, finance, economics, and quantitative methods.
  • GMAT or GRE score is required.

The University of Warwick

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  6.5 overall, with no less than 6.0 in each skill.
  • Academic requirements:  
  • 2:1 undergraduate degree or international equivalent
  • Good score in microeconomics, macroeconomics, mathematics, and econometrics/economic statistics.

Imperial College London

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.0 overall, with no less than 6.5 in each skill.
  • TOEFL: 100 overall, with no less than 22 in each section.
  • Academic requirements:  
  • 2:1 undergraduate degree or international equivalent from a recognized university.
  • Relevant quantitative disciplines are Mathematics, Statistics, Computer science, Engineering, Physics, or a quantitative economics degree.

The University of Manchester

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.0 overall, with no less than 6.5 in each skill.
  • TOEFL: 100 overall, with no less than 22 in each section.
  • Academic requirements:  
  • A bachelor's degree with first or upper second class honors or the international equivalent
  • Good score in accounting and finance subjects.

City, University of London

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.0 overall, with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.
  • TOEFL: 100 overall, with no less than 25 in each section.
  • Academic requirements: 
  • A UK upper second class degree or international equivalent from a recognized university.
  • Some level of previous study or evidence of skills in finance or quantitative methods.
  • A GMAT score in the range of 600-800 is recommended.

Lancaster University

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  7.0 overall, with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.
  • TOEFL: 100 overall, with no less than 25 in each section.
  • Academic requirements:  
  • A bachelor's degree in any discipline with a minimum score of at least 2.1 on the UK scale or the international equivalent.

University of Leeds

  • Possibilities for meeting the English Language Proficiency requirements include 
  • IELTS:  6.5 overall, with no less than 6.0 in each skill.
  • Academic requirements:  
  • A bachelor's degree (honors) with a 2:1 in any subject. 
  • A background in business or management is desired.

Master of Commerce in the UK: Scholarships

Various scholarships, awards, fellowships, and bursaries are available to international students in the UK. Some scholarships offered to international students at different universities are listed below.

The University Name

Scholarship

Amount

University of Cambridge

The Wider Cambridge MBA Scholarship for Regional Diversity

Up to £32,000

The Boustany Foundation MBA Scholarship (awarded once every two years)

75% of tuition fees

The University of Warwick

Chevening Scholarships

Full Tuition fee

Ashinaga Warwick Scholarships

Full tuition fees plus travel, visa, and living costs

Imperial College London

Bright Network Scholarship

Up to £10,000

Dean’s Impact Scholarship

£20,000

City, University of London

Spotcap Fintech Fellowship

£8,000

Stelios Scholarship

£10,000

Lancaster University

Lancaster Global Scholarship

£5,000

Lancaster Masters Scholarship

£4,000 to £12,500

Master of Commerce in the UK: Career and Scope

Many businesses and organizations today are searching for skilled and experienced marketers to increase profits smartly. There are numerous work opportunities in both the private and public sectors. You can also find employment in the corporate world.

Top Recruiters:

  • Deloitte
  • JP Morgan
  • KPMG
  • Tesco
  • United Nations
  • HSBC
  • Huawei
  • IBM
  • NielsenIQ
  • PwC
  • Morgan Stanley

Job Title

Range

Average

Accountant

£25k - £50k

£35,242

Supply Chain Manager

£27k - £54k

£38,390

Strategy Consultant

£26k - £53k

£35,996

Senior Associate - Investment Banking

£37k - £73k

£51,719

Senior Account Manager

£40k - £77k

£55,635

Project Manager

£24k - £41k

£31,008

Marketing Operations Manager

£24k - £45k

£33,188

Marketing Executive

£21k - £34k

£26,586

Manager of Accounting & Financial Reporting

£32k - £57k

£41,779

Inside Sales Representative

£19k - £34k

£25,282

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