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Your Ultimate Guide To Pursuing MBA In Finance In UK

Oxford University

If money, finances and investments are your thing, you would surely be intrigued by the idea of taking your career to the next level with a postgraduate programme in finance. MBA is certainly one of the most preferred options that can elevate your career prospects. The UK is a thriving country to pursue an MBA in finance due to its rich cultural diversity, availability of top-tier universities and wide scope for employment opportunities.

This comprehensive guide is here to take you through the intricacies of why you should pursue an MBA in Finance in UK, reputed universities, the admission process, insights on the available programmes, the eligibility criteria, fees, employment opportunities and much more. 

Key Takeaways

  • An MBA in Finance in UK normally lasts for around a year or two Since the course duration is short, it also becomes a cost-effective programme. 
  • For pursuing an MBA in Finance in UK, the presence of leading business schools and universities include London Business School, Said Business School (University of Oxford), Judge Business School (University of Cambridge) and the University of Manchester
  • The tuition fees range between GBP 27,500 – GBP 87,900 (~29 Lacs to 81 Lacs INR) per year. The living expenses cost around GBP 13,000 per year. 
  • Top recruiters like Goldman Sachs, JP Morgan Chase & Co., BlackRock Inc., Citigroup Inc., Deutsche Bank AG and many other leading finance companies.

MBA In Finance In UK Highlights

The United Kingdom provides a plethora of options in terms of the leading universities and business schools. You can choose to go for the one that aligns with the course you are looking for, along with the budget that you have allocated for the tuition fees. There are multiple scholarships available as well that will help fuel your dreams and shape your career in the right direction. 

ProgrammeMBA Finance
CountryUnited Kingdom
Course Duration1 year
Tuition FeesGBP 27,500 – GBP 87,900 (~29 Lacs to 81 Lacs) per year
Living & Miscellaneous ExpensesApproximately GBP 13,000 per year
Primary Specialisations– Investment Banking
– Private Equity
– Credit Analysis
– Corporate Finance
– Investment and Financial Risk Management
Eligibility Criteria– 2-3 years of full-time work experience
– Bachelor’s degree or equivalent
– GMAT score
– IELTS score of at least 6.0-6.5
– 2-3 Letters of Recommendation
– Statement of Purpose

Key Reasons To Study MBA In Finance In The United Kingdom

  • With MBA programmes lasting for a year in the UK, students belonging to diverse backgrounds and diversities find it a feasible postgraduate qualification. Since the course duration is relatively short, this becomes a cost-effective solution for the aspirants. 

  • The UK is essentially home to the ‘BIG FOUR’ accounting services firms, including Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG, which serve as the primary recruiters for MBA in Finance students. Graduates can expect their pay scale ranging from 59,000 GBP to 105,000 GBP. 

  • The UK offers a wide array of leading institutes to pursue an MBA in accounting and finance in the UK along with the presence of two of the world’s top 10 universities, the University of Cambridge and Imperial College London.

  •  Coventry University MBA Finance programmes, University of Sunderland Finance MBA courses and many other esteemed university programmes are here to level up your academic pursuits.

Leading Universities And Course Duration With Fees Structure

Choosing the right university to pursue a postgraduate degree plays a crucial role. The UK is home to some of the leading institutes and business schools with a primary focus on finance. Here’s a detailed overview of the top 10 institutes for MBA in banking and finance in the UK:

University NameAnnual Tuition Fees (GBP)Course Duration
University of Cambridge64,0001 year
Imperial College Business School61, 5001 year
University of Manchester48,00015 – 18 months
University of Bedfordshire15,9001 year
London Business School1,15,00015 – 21 months
University of Edinburgh23,000 – 38,0001 year
University of Wales, Trinity Saint David15,0001 year
Cass Business School – University of London48,0001 year
University of Oxford27,000 – 70,0009 – 12 months

Cost Of Living And Study Expenses 

If you are looking to pursue an MBA in Finance in UK,  you would want to be clear about the fee structure and overall expenses that are required to be incurred. If you are seeking admission to the best business schools in the UK, you would require analysing your budget and planning things beforehand. MBA Finance in UK fees consist of tuition fees along with travel and living expenses.

This includes the cost of accommodation, food and miscellaneous expenses. The average fee for MBA in Finance in UK is around 12,000-65,000 GBP (12-65 lakhs INR) and the annual cost of living in the UK ranges between 12,000-15,000 GBP (12-15 lakhs INR). 

Cost Of Student Visa In The UK

If you have been looking for how to get a student visa in the UK, the Tier 4 Student Visa allows individuals apart from the European Economic Area (EEA) to pursue studies in England. However, it is imperative to note that this visa doesn’t serve as a work permit thereby prohibiting the holder from working in the UK.

Amount: GBP 348 (around INR 34,149)

The entire application process, including document submission, typically takes around 15 working days. 

Eligibility Criteria For MBA In Finance UK

MBA in Finance in UK eligibility depends on the following major factors:

  • The aspirant should have a Bachelor’s degree in Management or a relevant field
  • Overall grade point average, i.e. GPA of 3.0 on a 4.0 scale or its equivalent
  • IELTS score of 6 or above or TOEFL score of a minimum of 150
  • An acceptable GMAT score 
  • Statement of Purpose along with 2-3 Letters of Recommendation 
  • Student Study Visa, Valid Passport and CV
  • Proof of financial aid is a prerequisite
  • MBA Finance in UK without work experience is normally not acceptable. However, this varies from university to university. 

Work Permit After MBA In Finance In UK

The UK offers a post-study work visa for graduates, which provides an opportunity to remain in the country for a maximum of 2 years. However, this visa does not affect their future immigration status. It is applicable for all students holding a Tier 4 student visa in the UK or those applying for one from abroad.

MBA In Finance Scholarships In UK

Here is a round-up of the popular scholarships for students aiming to pursue an MBA in Finance in UK. These scholarships are here to fuel your careers and bring your dreams into reality. They offer cost benefits, thereby aiding you in bearing the educational expenses.

ScholarshipsEligibilityBenefits (GBP)
Commonwealth Masters ScholarshipResident of Commonwealth countries, official transcripts, with minimum 2 referencesFull tuition fee coverage with a stipend of 1,236 GBP per month
Sidney Sussex Hanadi Jabado Scholarship for Cambridge MBA studentsFemale candidates can enrol in an MBA at Cambridge University5,000
Imperial Excellence ScholarshipAcademic merit, internships, leadership skills15,000
International Scholarships AwardAspirants should have an Undergraduate/postgraduate qualification from the University of GreenwichYou can avail of a tuition fee discount up to 3,000 for the first year
International Scholarship 2022/23Aspirant should have an undergraduate/postgraduate qualification from the University of SunderlandA deduction of 900 GBP
International Scholarship 2022/23Edge Hill University3,000

Jobs And Salaries In The UK

The beginning remuneration for MBA in Finance graduates in the UK would normally be close to 75,000 GBP. However, there are multiple factors that determine the pay scale for the aspirants. This will depend on the university, the programme that the student opted for and the role that the graduate applies for. Top-tier universities will have leading companies and MNCs as their hiring partners. 

This will significantly impact the pay structure that will be offered. The more renowned and prestigious the university is, the higher the remuneration will be. Popular career paths that Finance MBA graduates can choose from include roles like Investment Banking Analysis, Financial Planning and Analysis, Wealth and Financial Risk Management, and Portfolio Management amongst others. 

Top Recruiters For MBA In Finance In UK

  • Goldman Sachs
  • JP Morgan Chase & Co.
  • BlackRock Inc.
  • Citigroup Inc.
  • Deutsche Bank AG

FAQs

How long does it take to complete an MBA in Finance in UK?

Most full-time MBA programs in the UK take around one to two years to complete. Part-time and executive MBA programs are also available for professionals looking to strike a balance between work and studies.

Which universities should I go to for an MBA in Finance in UK?

The UK is home to a wide array of leading universities and business schools like London Business School, Said Business School (University of Oxford), Judge Business School (University of Cambridge) and many others. 

What are the specialisations offered for MBA Finance in the UK?

You could majorly opt for specialisations like Investment Banking, Private Equity, Credit Analysis, Corporate Finance, Investment and Financial Risk Management.

What is the eligibility criteria for pursuing an MBA in Finance UK?

The student should have a Bachelor’s degree in Management or a relevant field; Overall grade point average i.e. GPA of 3.0 on a 4.0 scale or its equivalent; IELTS score of 6 or above or TOEFL score of minimum 150; an acceptable GMAT score, Statement of Purpose along with 2-3 Letters of Recommendation; Student Study Visa, Valid Passport and CV, and Proof of financial aid.

Who are the top recruiters for MBA in Finance UK?

MBA in Finance paves the way to leadership positions and thriving career opportunities. Some popular recruiters include Goldman Sachs, JP Morgan Chase & Co., BlackRock Inc., Citigroup Inc., and Deutsche Bank AG.

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Your Ultimate Guide To Pursuing MBA In Finance In UK

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