It is common knowledge that the UK has some of the most highly-regarded universities, but opting for an MSc in Finance from a UK institution will equip you with the practical skills required in the industry and increase your chances of securing a lucrative job. UK universities offer exceptional education and support to their MSc Finance students, aiding them in developing successful careers.
Therefore, choosing to study a Master in Finance from one of the top UK universities is a wise decision. This blog will provide all the necessary information to help you get started.
Why Study MSc Finance in the UK?
For many reasons, pursuing an MSc in Finance in the UK is an excellent choice. Here are some of the key benefits of studying MSc Finance in the UK:
- High-Quality Education: The UK is home to some of the most prestigious universities in the world, providing students with access to world-class education in finance. UK universities offer an exceptional standard of teaching, with experienced and knowledgeable faculty members.
- International Reputation: UK universities have an excellent reputation globally, and an MSc Finance degree from a UK institution is recognized and respected worldwide. Studying in the UK can enhance your career prospects and give you an edge in the competitive job market.
- Networking Opportunities: Studying in the UK gives you access to a diverse and international student community, providing you with valuable networking opportunities. You will have the chance to interact with students and faculty from different countries and cultures, expanding your professional network.
- Career Prospects: An MSc in Finance from a UK institution can open doors to various career opportunities. The finance industry is a significant contributor to the UK economy, and studying in the UK can give you an advantage in securing employment with top financial institutions.
- Practical Skills: UK universities emphasize practical learning, vital in the finance industry. MSc Finance programs in the UK focus on building practical skills through hands-on experience and case studies, equipping you with the necessary tools to succeed in the finance industry.
- Industry Connections: Many UK universities have established links with leading financial institutions, providing students with opportunities to engage with industry professionals, internships, and potential job prospects.
Best Universities in the UK for Masters in the Finance
University of Oxford:
The University of Oxford is one of the world's oldest and most prestigious universities, known for its academic excellence and high-quality research. It offers a Master of Science in Financial Economics program that covers a broad range of topics in finance and economics, including financial theory, corporate finance, investment management, and risk management. The program strongly focuses on quantitative methods, and students must have a strong mathematical background. Admission to the program is highly competitive, and applicants must have a minimum of a 2.1 honours degree in a relevant subject.
Average Tuition Fees |
48,670 GBP/year |
Programs Offered |
MSc in Financial Economics MSc in Law and Finance |
Imperial College London:
Imperial College London is a leading science, engineering, medicine, and business institution. Its MSc in Finance program provides a comprehensive understanding of financial concepts and their applications in various sectors. The program is designed to equip students with practical skills in financial analysis, risk management, and investment strategies. The program also offers a range of elective modules, allowing students to specialise in financial engineering, banking, or asset management. Admission to the program requires a minimum of a 2.1 honours degree in a relevant subject, a strong academic record and a good score on the GMAT or GRE.
Average Tuition Fees |
39,000 GBP/year |
Programs Offered |
MSc Finance MSc Finance and Accounting |
London School of Economics and Political Science:
The London School of Economics and Political Science is a world-renowned institution for social sciences, economics, and politics. Its MSc in Finance program provides a strong financial theory and practice foundation, focusing on quantitative methods and empirical analysis. The program covers corporate finance, financial markets, and risk management, and students are encouraged to undertake independent research projects. Admission to the program is highly competitive, and applicants must have a minimum of a 2.1 honours degree in a relevant subject and a good score on the GMAT or GRE.
Average Tuition Fees |
39,984 GBP/year |
Programs Offered |
MSc Finance MSc Finance and Economics MSc Risk and Finance MSc Accounting and Finance |
University of Cambridge:
The University of Cambridge is one of the world's leading universities, known for its academic excellence and research achievements. Its Master of Finance program provides a comprehensive understanding of financial concepts and their applications, focusing on empirical analysis and quantitative methods. The program covers topics such as corporate finance, financial markets, and investment management, and students have the opportunity to undertake independent research projects. Admission to the program requires a minimum of a 2.1 honours degree in a relevant subject and a good score on the GMAT or GRE.
Average Tuition Fees |
49,000 GBP/year |
Programs Offered |
Masters of Finance ( MFin) |
University of Edinburgh:
The University of Edinburgh is one of the UK's oldest and most prestigious universities, known for its academic excellence and research achievements. Its MSc in Finance program provides a broad understanding of financial theory and practice, focusing on empirical analysis and quantitative methods. The program covers topics such as corporate finance, financial markets, and investment management, and students have the opportunity to undertake independent research projects. Admission to the program requires a minimum of a 2.1 honours degree in a relevant subject and a good score on the GMAT or GRE.
Average Tuition Fees |
34,700 GBP/year |
Programs Offered |
MSc Finance |
Eligibility Criteria & Admission Requirements for MS in Finance in the UK
The eligibility criteria and admission requirements for an MSc in Finance in the UK can vary depending on the institution. However, here are some general requirements:
- Academic Qualifications: Most UK universities require applicants to have an undergraduate degree in a related field, such as finance, accounting, economics, or business. The minimum GPA required may also vary, usually around 3.0 or equivalent.
- English Language Proficiency: International students are required to demonstrate their proficiency in the English language by providing an IELTS or TOEFL score. The minimum score required may vary, but it is typically around 6.5 for IELTS and 90 for TOEFL.
- Work Experience: Some universities may require applicants to have relevant work experience in the finance industry. However, this is not always mandatory and depends on the institution's admission policies.
- Entrance Exams: Some universities may require applicants to take entrance exams such as the GMAT or GRE. The minimum score required may vary but is typically within the 600 to 700 range for GMAT and 150 to 160 for GRE.
- References: Most universities require applicants to provide academic and professional references.
- Personal Statement: A personal statement outlining the candidate's motivation for pursuing an MSc in Finance and their career goals are usually required.
- Interview: Some universities may conduct interviews to assess the candidate's suitability for the program.
Admission Process for Masters in Finance in the UK
The admission process for an MSc in Finance in the UK may vary depending on the institution. However, here are the general steps involved:
- Research: The first step is to research the various universities in the UK offering an MSc in Finance. It is essential to carefully review each university's course details, admission requirements, and application deadlines before deciding.
- Application: Once you have decided on the university, the next step is to submit an online application. You will be required to provide your details, academic qualifications, work experience, English language proficiency scores, and other supporting documents per the university's requirements.
- Application fee: Some universities may charge an application fee, which needs to be paid along with the application.
- Review of Application: Once your application has been received, it will be reviewed by the admissions committee. They will consider academic qualifications, work experience, personal statements, references, and other supporting documents.
- Entrance exams: Some universities may require you to take entrance exams such as the GMAT or GRE. If required, you must schedule and complete these exams and provide the scores to the university.
- Interview: Some universities may conduct interviews to assess your suitability for the program. You must be prepared to answer questions about your academic qualifications, work experience, and motivation for pursuing the program.
- Offer Letter: If your application is successful, you will receive an offer letter from the university. This letter will outline the conditions of your offer, including the start date of the program and any other requirements you need to fulfil before enrolling.
- Acceptance: If you accept the offer, you must confirm your acceptance and pay the deposit fee to secure your place in the program.
- Visa Application: If you are an international student, you must apply for a student visa to study in the UK. The university will guide the visa application process.