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Masters in Finance in UK: Top Colleges, Placements, Salaries & More

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Studying Masters in Finance in UK allows students to receive a top-class education and position themselves in high-paying job profiles. The country’s reputation for hosting some of the most well-ranked universities makes it an ideal choice for aspiring finance professionals. Renowned institutions such as the University of Oxford, University of Cambridge, and Imperial College London offer highly regarded Masters in Finance degrees.

The curriculum of Masters in Finance programmes in the UK focuses on equipping students with a comprehensive understanding of financial theory and its practical applications. Students delve into financial analysis, investment management, risk assessment, and corporate finance through coursework. In this blog, we will cover everything you need to know about studying Masters in Finance in UK, from top universities, eligibility and admission criteria, jobs and salaries, and more.

Why Study Masters In Finance In UK

Studying  Masters in Finance in the UK offers numerous advantages and benefits, making it an attractive choice for aspiring finance professionals. Here are some compelling reasons to consider pursuing a Masters in Finance in the UK:

Renowned Universities and Reputation: The UK is home to several prestigious universities with a long-standing tradition of academic excellence. Institutions such as the University of Oxford, University of Cambridge, London School of Economics (LSE), and Imperial College London consistently rank among the top universities globally. Studying at these esteemed institutions enhances your credentials and opens doors to various career opportunities.

Career Prospects and High-Paying Jobs: According to the Financial Times in 2022, around 91% of the graduates from the Master of Finance have been employed within 3 months of graduation. The UK’s finance industry offers many opportunities in areas such as investment banking, asset management, corporate finance, risk management, and financial analysis. The top three UK companies in the finance sector are Goldman Sachs, JP Morgan, and Google.

Top 10 Universities For Masters In Finance In UK

According to the QS World University Ranking for Accounting and Finance of 2022, these are the top universities offering masters in finance in UK. With their reputation, programme quality, and industry connections, graduates have excellent personal and professional growth opportunities.

University NameProgramme Offered
University of SheffieldMSc Finance
University of GlasgowMSc Finance & Management
University of WarwickMSc Finance
University of BristolMSc Finance & Investment
London School of Economics and Political ScienceMSc Finance
University of ManchesterMSc Finance
University of EdinburghMSc Finance
Imperial College of LondonMSc Finance
University of CambridgeMasters in Finance
University of OxfordMSc in Financial Economics

Eligibility & Admission Requirements For Masters In Finance In UK

Eligibility and admission requirements for masters in finance in UK may vary slightly between universities. However, there are several common criteria that most institutions consider.

Educational Background: Applicants are typically required to hold a bachelor’s degree or its equivalent from a recognised institution. The degree may be in a related field such as finance, economics, business, or a quantitative discipline.

Academic Performance: Universities often have minimum GPA requirements for admission to their masters in Finance programmes. A strong academic record is essential to demonstrate your ability to handle the program’s rigour.

English Language Proficiency: International applicants whose first language is not English are generally required to demonstrate proficiency in English by providing scores from recognised English language proficiency tests such as IELTS or TOEFL. These are the minimum scores required:

  1. IELTS: 6.0 – 7.5
  2. TOEFL: iBT: 100
  3. Duolingo English Test- 125

GMAT/GRE Score: Some universities may require applicants to submit scores from standardised entrance exams, such as the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). However, this requirement varies among universities, and some programmes may have waived the exam requirement.

Letters of Recommendation: Applicants may be required to submit letters of recommendation from professors or professionals who can speak to their academic abilities, work ethic, and potential for success in the program.

Statement of Purpose: A well-written statement of purpose is typically required, outlining your motivations for pursuing a masters in finance, your career goals, and how the program aligns with your aspirations.

CV/Resume: A comprehensive CV or resume highlighting your academic achievements, work experience, internships, and relevant extracurricular activities is generally required.

Job Profiles And Salaries For Masters In Finance In UK

A Masters in Finance degree from a UK university opens up a range of lucrative job profiles and competitive salary prospects. The top recruiters include Google, JP Morgan, Barclays, EY, PwC, Deloitte, KPMG, HSBC, Morgan Stanley, Deutsche, Allianz, etc.

Here are some common high-demand job profiles and corresponding salary ranges:

Job ProfilesAverage Annual Salary (INR)Average Annual Salary (GBP)
Risk Analyst42.19 lakhs45,351
Financial Analyst35.61 lakhs38,282
Associate Portfolio Manager62.01 lakhs66,656
Senior Financial Analyst42.75 lakhs45,961
Banking Operations34.54 lakhs37,135
Financial Controller53.03 lakhs57,012
Financial Director67.47 lakhs72,535
Finance Manager60.12 lakhs64,627

Scholarships For Masters In Finance In UK

Scholarships play a crucial role in supporting students pursuing a Masters in Finance in UK by providing financial assistance and recognition for academic excellence. Various scholarships are available specifically for international students studying finance at UK universities. Here are some of them:

Scholarship NameEligibilityBenefits
Adam Smith Scholarship at University of GlasgowPursuing postgraduate courses in the field of Business, Economics, and Finance at University of Glasgow.5,000 GBP
Lancaster Global Scholarship 2022Full-time and part-time Postgraduate Taught degree-level programmes, offered fully on-campus at Lancaster University for October 2022 entry.5,000 GBP for the first year of entry
The Chevening ScholarshipsAcademically excellent Covers 1 year of your education

Cost Of Studying Masters In Finance In UK

The cost of studying for a Masters in Finance in UK can vary depending on the university and location. Here is a general overview of the tuition fees and cost of living:

  • Tuition Fees: The tuition fees for a Master’s in Finance program in the UK can range from approximately £10,000 to £30,000 per year for international students. However, tuition fees can vary significantly among universities and may be higher for prestigious institutions or programmes. It’s important to note that tuition fees for domestic/EU students may be lower compared to international students.
  • Cost of Living: The cost of living in the UK varies depending on the city and lifestyle choices. On average, students should budget around £10,000 to £15,000 per year for living expenses, including accommodation, food, transportation, utilities, and personal expenses. Cities like London and Oxford generally have higher living costs compared to other regions in the UK.

Conclusion

In conclusion, pursuing a Masters in Finance in the UK is a promising and highly rewarding academic and professional choice. By studying in the UK, students have access to a vibrant financial hub and networking opportunities, enhancing their career prospects. Additionally, the UK’s rich financial history and global influence make it an ideal environment to understand and navigate the complexities of the global financial landscape. Ultimately, a Masters in Finance in the UK opens doors to a wide range of lucrative career opportunities and provides a solid foundation for long-term success in the finance field.

FAQs

Why is UK best for Masters in Finance?

Studying Masters in Finance in UK provides students with the opportunity to receive a top-class education and position themselves in high-paying job profiles. The country is home to well-ranked universities making it an ideal choice for aspiring finance professionals.

What is the average salary for Masters in Finance in UK?

The average salary for Masters in Finance ranges between £34,430- £59,638 per year.

Which university is best for Masters in Finance in UK?

University of Oxford is considered to be the best to pursue Masters in Finance in UK.

Which country is best for Masters in Finance?

United Kingdom is considered to be the best to pursue Masters in finance. Apart from that, countries like Germany, Norway, Switzerland, Sweden and USA are great destinations too.

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Masters in Finance in UK: Top Colleges, Placements, Salaries & More

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