Best Universities in the UK for Masters in Finance

Finance is a specialisation that is rapidly gaining ground worldwide and is relevant in almost everything, starting from analysing and interpreting financial markets, and economic trends, to managing money and banking and financial operations. It also equips students with the skills to evaluate and optimize assets and financial resources. A master’s degree in Finance helps students to plan, synthesise, and uncover all the unknown aspects of a balance sheet and make better financial decisions in various types of finance – Public Finance, Corporate Finance, and Personal Finance. Today, we take you through the top finance universities in the UK where you can get a degree by spending £34,700 – £47,000 on average.

Masters of Finance in the UK : Program Highlight

Top universities 

University of Oxford, London Business School, University of Cambridge, London School of Economics, Imperial College Business Schools

Duration

Nine months to one year

Average tuition fees

£34,700 – £47,000

Job positions

Financial Manager, Financial Analyst, Economist, Insurance or Real Estate Broker, Commercial or Investment Bankers, Tax Adviser

Top recruiting companies

Barclays, Google, HSBC, JP Morgan, UBS, Goldman Sachs, Bank of America Merrill Lynch, Morgan Stanley, Black Rock, 

Average annual salary

£1,15,000

Why Study Masters in Finance in the UK

A keen interest in the economy and investments backed by a bachelor’s degree, can be a major reason behind pursuing a master’s degree in Finance in the UK. However, before that, students should be aware of the reasons to study master’s in Finance in the UK.

An affinity of specialisations

The UK is home to a number of recognised business schools with outstanding master of finance programs offering a number of specialisations. These specialisations include Risk Management, Emerging Markets, International Financial Reporting, Financial Regulation, and Strategic Finance Practice.

Increased salaries than other countries

The finance sector witnessed a massive increase in salaries from 2016 to 2019. Since then, the sector has been offering well-paid job opportunities for international students in the UK.

Prosperous career opportunities

A degree in finance can open doors to multiple career opportunities around the world, starting from Investment Banker, Stockbroker, to Financial Consultant and Investment Broker. Working in this domain is both challenging and financially rewarding as the earning potential varies according to the candidate’s experience and position. 

Expert assistance

The faculty at the best universities for MSc Finance in the UK are experts with mastery over their respective fields. They have work and teaching experience of many years and hold diverse knowledge of the current markets. This helps them impart the best knowledge and skill sets required by finance graduates which prepares them to match the needs of the real world.

Sharpen skills and industry knowledge

The world is in constant need of finance professionals and their opinions and expertise is in demand and highly sought after. Pursuing a degree in finance empowers students to think objectively and the technical financial know-how would ease the process of collaborating with fellow cohorts. 

Top Universities for Masters in Finance in UK

QS Subject Rankings: Finance 2022

Name of university

Degree offered

Annual tuition fees

1

University of Oxford

M.Sc in Financial Economics

£48,670

3

London Business School

M.Sc in Financial Analysis

£41,200

5

University of Cambridge

Master of Finance

£49,000

9

London School of Economics

M.Sc in Finance

£32,208

13

Imperial College Business School

M.Sc in Finance

£39,000

20

Warwick Business School

M.Sc in Finance

£38,250

24

Manchester (Alliance)

M.Sc in Finance

£32,000

27

University of Edinburgh Business School

Masters in Finance

£34,700

42

Cranfield School of Management

M.Sc in Finance and Management

£25,750

54

Lancaster University Management School

M.Sc in Finance

£25,360

Master of Finance in the UK: Admissions

The admission process at the best universities in the UK for masters in finance takes place two times a year – winter intake (January/February) and spring intake (September/October). Aspirants need to keep an eye on when the universities roll out their admission forms. Here are the steps they can follow to ensure a smooth application process.

  1. Choose the preferred university that offers MSc in Finance
  2. Go through the entry requirements
  3. Check the documents that should be attached along with the application form and submit them before the deadline
  4. Pay the application fees and wait for confirmation
  5. Upon receiving the Confirmation of Acceptance for Studies (CAS) letter, apply for a UK student visa

Eligibility Criteria for Leading Universities in the UK for Masters in Finance

Here are the eligibility criteria for the top universities in the UK for master’s in finance: 

  • Undergraduate or Bachelor’s degree in accounts, finance, commerce or any other related field
  • Basic knowledge of mathematics, inclusive of statistics and calculus
  • Average 680 in GMAT or 325 in GRE
  • A minimum score of 6.5 to 7.5 in IELTS or 88-110 in TOEFL
  • Some institutions will consider two years of professional experience in a related field

Masters of Finance in the UK: Documents Required

Students should check and submit all the required documents along with their application while applying to top finance universities in the UK, which are as follows:

  • Bachelor’s degree
  • Two academic references
  • English language proficiency scores
  • GRE/GMAT scores
  • Statement of Purpose
  • CV/Resume
  • Work experience letters (if applicable)

Masters of Finance in UK : Cost of Study

The cost of studying at the best universities in the UK for masters in finance can be divided into three parts – pre-arrival cost, tuition fees, and cost of living. 

Parameters for cost of study

Average costs

Pre-arrival cost

University application fees – £50 to £120 

Visa Application Fees – £348 

IELTS registration fees – ₹ 15,575

GMAT application fees – $275

GRE application fees – $213

Tuition fees

£34,700 – £47,000 (annually)

Cost of living

£10,000 – £17000 (annually)

Scholarships for Masters in Finance in the UK

University name

Scholarship offered

Funding benefits

University of Oxford

HEC Montreal Scholarship

£53,000

Imperial College of London

MSc Finance Future Leaders Scholarship

£35,900

University of Cambridge

MFin Program Scholarship

£5,000 – £25,000

University of Manchester

Alliance MBA Masters Scholarships for UK/EU/International Students

Covers full tuition fees

University of Warwick

WBS Scholarships

Covers 20% to 50% of the tuition fee

Job Prospects after Masters in Finance in UK

Graduates from the best universities for MSc finance in the UK can find a job in various sectors such as investment banking, insurance, retail banking, and many others at top recruiting organisations such as EY, PwC, Barclays, HSBC, Goldman Sachs, Morgan Stanley, KPMG, Deloittte, etc.

Masters in Finance in the UK: Career Opportunities 

Job profile

Average Base Salary/year

Financial Manager

£57,685

Financial Analyst

£44,530

Personal Financial Advisor

£43,284

Investment Banker

£48,817

Stockbroker

£41,875

Study Overseas with upGrad Abroad

Do you wish to study abroad? Get in touch with upGrad Abroad’s consultants who will help you out in choosing the correct option from the wide array of foreign universities and courses. During the first year of studying with upGrad Abroad, you will study online at a partner university in India. In the next year, you will take off abroad to study on-campus at a university of your choice. 

Frequently Asked Questions

Q1. How much does a master’s of finance degree cost in the UK?

The cost of studying master’s of finance in the UK varies across different universities. However, the tuition fees for a master’s of finance degree are around £34,700 – £47,000 annually.

Q2. What is the eligibility for a master’s of finance in the UK?

To be eligible for a master’s of finance degree in the UK, students should meet the following criteria:

  • Undergraduate or Bachelor’s degree in a discipline related to finance
  • Fair knowledge of statistics, mathematics, and calculus
  • A minimum score of 6.5 to 7.5 in IELTS or 88-110 in TOEFL on the English language proficiency test
  • Average GMAT score of 680 or GRE score of 325

Q3. Is work experience mandatory for pursuing masters of finance in the UK?

It is not mandatory to have work experience to study at the best universities in the UK for master’s in finance. However, some universities might require a work experience of up to two years. Having a work experience of 12 to 15 months makes it easy to find internships during the course of the study.

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