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.
Also Read: Best and affordable universities in UK
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 |