Master of Finance in the UK

Master of Finance in the UK

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.


QS Rankings

Course Name


Tuition Fees (GBP)

University of Oxford


MSc in Financial Economics

9 months


London Business School 


MSc Finance 

10-16 months 


University of Cambridge 


Master of Finance (MFin)

12 months 


Imperial College of London 


MSc Finance 

12 months


University of Warwick 


Msc Finance 

12 months 


University of Manchester 


MSc Finance 

12 months 


University of Edinburgh


MSc Finance 

12 months 


Lancaster University


MBA Finance 

12 months 


Bayes Business School 


Finance MSc

12 months 


Durham University Business School 


MSc Finance 

12 months 


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. 


Eligible Criteria

English Requirements 


  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. 



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 


Stock Brokers 


Financial Consultant 




Financial Auditor 


Financial Analyst 


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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