Masters in Finance or MS Finance is a specialised degree that equips students with the necessary skills and knowledge to pursue leadership roles in the financial sector. If you are planning to pursue this degree from a top-ranked university, the UK can be your best bet. So, here’s interesting information about a master’s degree in Finance in the UK, top universities, and more.

Key Highlights

• Benefits of pursuing a Masters in Finance in the UK
• Masters in Finance, the UK: Course highlights
• Best universities for finance in the UK
• MSc Finance in the UK: Eligibility criteria
• Cost of studying in the UK
• Career prospects

Benefits of pursuing a Masters in Finance in the UK

• The UK houses some of the top-ranked universities in the world that offer quality education. Any master’s degree obtained from the UK varsity holds immense value across the globe.
• The UK study visa allows international students to work part-time while studying for up to 20 hours per week and support their stay in the country. Moreover, the Graduate visa gives them the opportunity to stay and work in the UK for up to 2 years after completing their courses.
• The financial sector is one of the main drivers of the UK economy. Every year, it gives employment to over a million people. So, finance graduates have great job prospects and high earning potential in the country.

Masters in Finance, the UK: Course highlights

In the UK, an MS in Finance is also referred to as a Master of Science (MSc/MS) in Finance or MFin. It is a full-time, 9-month to 1-year graduate degree program. Most universities accept July-September intakes. This course offers in-depth knowledge of the finance domain and allows students to acquire analytical skills that help them gain leadership roles in the financial industry.

The curriculum perfectly blends theory with practical applications and is designed considering leading financial experts’ views. It encompasses foundation modules, core modules, and electives. The foundation module includes topics related to Portfolio Risk, Equity, Debt, etc. The core module covers challenging topics like Macro-Finance, Investments, Financial Econometrics, etc. The electives focus on Fixed Income Securities, Advanced Corporate Finance, Credit risk, etc.

MSc Finance in the UK: Eligibility criteria

• Bachelor’s degree in Finance, Economics, Engineering, or a related field from a reputed university with a minimum of 60%
• Academic transcripts (degrees and certificates)
• Results of English language proficiency tests, such as the International English Language Testing System (IELTS) or Test of English as a Foreign Language (TOEFL)
• Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT) scores
• Relevant work experience, if any
• Statement of Purpose (SOP)
• Letters of Recommendation (LOR)

It is advised to check the university-specific entry requirements before applying for an MS in Finance in the UK, as the eligibility criteria may vary from one varsity to another.

Cost of studying in the UK

The educational cost includes both tuition fees and living costs. On average, the annual tuition fee for MSc Finance in the UK ranges from ∼GBP 23,000 to ∼GBP 47,000 (∼INR 24,15,000 to ~INR 49,35,000). The cost of living includes money spent on accommodation, food, travelling, and other related expenses. The average annual cost of living ranges from ∼GBP 15,600 to ∼GBP 18,000 (∼INR 16,38,000 to ∼INR 18,90,000).

Career prospects

Finance graduates can explore lucrative job opportunities in Insurance, Investment Banks, and Commercial Banks, to name a few. Some career avenues are Finance Manager, Financial Controller, Associate Portfolio Manager, Financial Analyst, Risk Analyst, etc. The top recruiters of Finance graduates in the UK are:

• JP Morgan
• Lloyds Banking Group
• Admiral Group
• Deloitte
• KMPG
• Goldman Sachs
• Google

So, this information will help you to plan your academic journey to the UK. Do not allow financial constraints to stop you from pursuing higher education at your preferred educational destination. You can opt for an education loan for studying abroad. At Avanse Financial Services, we offer education loans with multiple benefits. Feel free to connect with us to learn about these benefits and how to use an education loan EMI calculator for planning your finances.