Master of Finance in the UK

Master of Finance in the UK

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Shanti RanaSun Dec 12 2021

If you enjoy crunching numbers and have a keen interest in analysing financial and economic trends, then a master in Finance might be the perfect degree for you!

This degree helps students to understand deeper concepts about money management, financial analysis, investments, and much more. 

A Finance degree is considered the most popular major in the world. It holds great value in the professional world.

Students majoring in this degree can gain a fruitful experience as they can have a deeper understanding of financial practices, their theoretical principles, and develop key technical and quantitative skills.

A Master of Finance in the U.K. can help you gain the necessary skill set needed for personal and professional growth by honing problem-solving skills and strategic thinking.

This degree only gives you a greater advantage for your career prospects but will also make you capable of earning a competitive salary amongst different industries. 

 Why Choose a Master in Finance in the U.K? 

  • Pursuing a master degree of Finance in the U.K. can open several career doors to one of the most reputable companies and accounting firms in the country.
  • The U.K. houses some of the best business schools in the world that include Oxford, Cambridge, Warwick Business School.
  • The government of the U.K. has initiated a two-year setback for international students who have completed their degree giving them adequate time to obtain a career path.
  • The demand for Finance degree holders is still increasing in the job market with the huge job scope and competitive pay.

Top University for Finance in the U.K. 

As per the 2022 QS Rankings, the below mentioned universities are considered the best universities that offer MSc in Finance in the U.K. and globally. The ranking has been based on their course structures, academic reputation, and Faculty/student ratio.

College 

QS Rankings
2022

Course Name

Duration

Tuition Fees (GBP)

University of Oxford

1

MSc in Financial Economics

9 months

48,670

London Business School 

3

MSc Finance 

10-16 months 

50,100

University of Cambridge 

5

Master of Finance (MFin)

12 months 

49,000

Imperial College of London 

13

MSc Finance 

12 months

39,000

University of Warwick 

20

Msc Finance 

12 months 

38,250

University of Manchester 

24

MSc Finance 

12 months 

32,000

University of Edinburgh

27

MSc Finance 

12 months 

34,700

Lancaster University

54

MBA Finance 

12 months 

25,360

Bayes Business School 

72

Finance MSc

12 months 

31,000

Durham University Business School 

73

MSc Finance 

12 months 

31,000

Master of Finance  in U.K. entry requirements for international students

There is certain documentation that is required to ensure your application process runs smoothly. Academic Documentation and English Proficiency tests are required to move a step further in your admission process. 

Documents 

Eligible Criteria




English Requirements 


  IELTS/TOEFL 

  Minimum scores:

  • IELTS: Overall Band 6.5, and a minimum of 6 in all components; Top Universities prefer a band score of 7 and above. 
  • TOFEL: Overall Score of 90 above, with no score less than 20 in all components 

 



Academic Requirements 

  • A minimum of 2:1 Upper Second Class Honors in undergraduate Level (3.5 GPA)

Additional Documentation 

  • Official Academic Transcripts or Provisional Certificates 
  • 2-3 Letters of recommendations.
  • Statement of Purpose.
  • Resume/CV

U.K. University Requirement and Information 

University of Oxford 

  • IELTS/TOEFL Requirement: A minimum band score of 7.0 Overall and 6.0 on each component/ A minimum band score of 100 and above with no score less than 20 in all components
  • 100 GBP Application fee required 
  • Academic Requirement: A minimum of 2nd Class Honors in undergraduate level (3.5 GPA)
  • Work Experience is not required but preferred (Internships are also considered)  

University of Warwick 

  • IELTS/TOEFL Requirement: An overall band score of 6.5 and 6.0 in each component/ A band score of 92 and above with no band less than 20 
  • 35 GBP for Online Application Fee 
  • Academic Requirement: A minimum of 2nd Class Honors in undergraduate level (3.5 GPA)
  • GMAT/GRE is not required but is preferable for your application process 

Lancaster University 

  • IELTS/TOEFL Requirement: An overall band score of 6.5 and 6.0 in each component/ A minimum band score of 94 and above with no score less than 20 in all components 
  • No application fee required
  • Academic Requirement: A minimum of 2nd Class Honors in undergraduate level

Visa Application Process 

A big part of studying abroad that international students need to consider is applying and getting a student visa. For a full-time course, students must possess a tier 4 student visa which can be obtained at the nearest embassy or with the help of a consultancy.

The mentioned list consists of the mandatory documents that you need to apply for a student

visa: -

  • Valid Passport
  • Passport size photograph
  • Letter of Acceptance from University
  • English Proficiency Test Score

Scholarship for Master in Finance in UK

Most of the universities in the U.K. offer several scholarship opportunities to deserving candidates. Depending upon their academic performance, contribution to research, alumni history, tuition fees are waived. 

College 

Scholarship 

Oxford University

Rhodes Scholarship

London Business School

Master in Finance Merit Scholarship
(50% tuition waiver)

Cambridge University

Gates Cambridge Scholarship
(Full-ride Scholarship )

Warwick Business School

Great Scholarship WBS
(15,000 GBP tuition waiver on tuition fees)

Lancaster University 

Lancaster Global Scholarship
(5000 GBP tuition fees waived )

Bayes Business School 

Clélia Haji-Ioannou Scholarship
(10,000 GBP tuition waived)

Red Shoe Scholarship
(11,500 GBP tuition waived)

Durham University Business School

Masters International Scholarship
(7500 discount on tuition fees)

Job Prospects and Salary U.K. 

Pursuing a master of Finance in the U.K. can lead to a promising career path where it can give you financial stability and major career advancements. Finance Degree Holders have the chance to work at the world’s leading companies and accounting firms such as Goldman Sachs, JP Morgan, and Google. 

 The common jobs for finance degree majors include Investment Bankers, Financial consultants, accountants. The below table mentions the job profiles and the average salary.

Job Profile

Salary in (GBP) per annum 

Investment Banker 

48,817

Stock Brokers 

50,996

Financial Consultant 

41,207

Accountant 

42,209

Financial Auditor 

38,590

Financial Analyst 

44,530

The UK has a lot to offer to a finance aspirant, including the short duration of the program, high returns on investment, and a cheaper degree. Studying in the U.K. also offers an exciting experience. 

Along with a good education, students can also get to explore a whole new culture and learn from real-life experiences. 

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