The MSc in Finance is among the most distinguished postgraduate programs in the UK. The course covers risk management, corporate finance, financial analysis, and investment management. UK universities offer multiple admission slots, starting in September, January, or February, ensuring student flexibility. Along with the program fees, you should consider additional expenses like accommodation. Graduates enjoy diverse career opportunities in investment banking, financial analysis, risk management, consulting, and corporate finance. 

Why Study MSc in Finance in the UK?

1. According to the Financial Times, around 91% of MSc Finance graduates are employed within three months of graduation.
2. Top-ranked universities like Oxford, Cambridge, and Imperial College London offer MSc Finance degrees.
3. The leading companies recruiting finance professionals in the UK are Goldman Sachs, JP Morgan, and Google.
4. U.K. Finance Worker Pay has spiked 31% since the start of the Covid pandemic, as reported by the Institute for Fiscal Studies.
5. Salaries for accounting and finance employees in the UK increased by 8% from 2016 to 2019.

MSc in Finance Course Highlights

The Master of Science (MSc) or MFin in the UK is a sought-after degree. It typically lasts 9 to 12 months, offering a comprehensive finance curriculum. The average fees for the program range from £15,000 to £30,000, depending on the institution and the program. Most MSc/MFin programs are full-time, but part-time options may be available. General eligibility requirements include a bachelor's degree in a related field, such as finance, economics, or business, and an excellent academic track record. Some programs may require relevant work experience and proficiency in quantitative subjects through exams like the GMAT or GRE.

Types of Masters in Finance in the UK

• MSc Finance: Encompasses financial analysis, investment management, risk management, and corporate finance, providing a solid foundation for diverse financial roles.
• MSc International Finance: Focuses on international financial markets, foreign exchange, and global investment strategies, equipping students with skills for navigating the complexities of international finance. 
• MSc Corporate Finance: Explores corporate finance realms such as mergers and acquisitions, financial restructuring, and corporate valuation, preparing students for careers in finance departments or financial advisory firms. 
• MSc Investment Banking: Covers financial modeling, valuation techniques, mergers and acquisitions, and capital market activities, equipping students for roles in financial institutions. 

Best Universities for MSc in Finance in the UK

Based on tuition costs, QS rankings, and programs offered, let's briefly talk about the best 5 universities you should consider for an MSc in Finance program in the UK:

1.  University of Oxford

Oxford University is regarded as the top university in the UK to pursue an MSc in Finance degree. The institution provides two different kinds of financial programs. The curriculum is developed in collaboration with top financial recruiters and combines academic theory with real-world applications.

2.  Imperial College London

The MSc in Finance program at Imperial College London provides students with a distinctive and demanding experience. The course comprises five modules: project, foundation, core, electives, and online pre-study. The program also provides an optional international elective for finance graduates to experience working abroad. 

3.  London School of Economics and Political Science

LSE's Masters in Finance programs emphasize improving your understanding of corporate finance and financial markets.

4.  University of Cambridge

Another famous university in the UK that provides a Masters in Finance program is the University of Cambridge. The university provides top-notch instruction to help finance graduates create a bright future.

5.  University of Edinburgh

The University of Edinburgh enables you to pursue any type of financial employment by helping you acquire all the necessary skills for the industry. It combines theory with real-world applications to improve learning. Due to its location in the second-largest financial district in the UK, this university serves as a focal point for contacts between financial experts.

You may also consider other UK universities that offer master's degrees in finance, like:

Course Curriculum of MSc in Finance in the UK

The curriculum of Masters in Finance programs in the UK typically follows a structured format:

1. Foundation Modules: These modules cover fundamental topics such as debt, equity, financial derivatives, market efficiency, portfolio risk, diversification, and statistical techniques. They provide a strong base for students without a financial background.

2. Core Modules: The core modules delve into advanced subjects, including Corporate Finance, Derivatives, Ethics & Professional Standards in Finance, Financial Econometrics, Investments, Portfolio Management, Macro-Finance, and Mathematics for Finance. These modules offer in-depth knowledge and challenge students to explore complex financial concepts.

3. Electives: Elective courses allow students to tailor their studies to their career aspirations and interests. Some popular electives include Advanced Corporate Finance, Applied Trading Strategies, Advanced Options Theory, Asset Allocation & Investment Strategies, Banks, Regulations & Monetary Policy, Credit Risk, Fixed Income Securities, Macroeconomics & Finance for Practitioners, and Introduction to Quantitative Investing.

4. Projects: The program may incorporate practical projects that enable students to apply theoretical knowledge in real-world scenarios, enhancing students' understanding and skills.

Eligibility Criteria for MSc in Finance in the UK

Usually, a master's program in Finance at a top UK university requires minimum qualifications of:

1. A relevant bachelor's or undergraduate degree in Finance, Economics, Mathematics, Science, or Engineering with a minimum of 60% marks;
2. English language proficiency demonstrated through IELTS scores;
3. Eligible GMAT/GRE test scores;
4. A-level or equivalent score in Mathematics;
5. Work experience, if applicable;
6. A valid Indian passport;
7. A valid UK student visa.

Admission Requirements for MSc in Finance in the UK

The UK's application process for an MSc in Finance typically revolves around the September intake. Prospective students must hold a bachelor's degree in Finance or a related field from a recognized institution. The following information outlines the general admission process for pursuing a master's in Finance in the UK:

1. Application Form: Fill out the application form provided by the university, ensuring that all sections are completed accurately.
2. Supporting Documents: Upload the necessary supporting documents, including:

• Mark sheets of 10th, 10+2, and all semesters of the bachelor's degree;
• English language proficiency test scorecard (e.g., IELTS, TOEFL, Duolingo);
• Standardized exam scores (e.g., GMAT, GRE);
• References from the last attended institute or current workplace;
• CV containing personal information, academic qualifications, work experience, and expertise;
• Essay of up to 500 words outlining the purpose of choosing the course and institute and how it will contribute to future development.

Admission Process for MSc in Finance in the UK

When applying for a master's degree in the UK, the admission process involves several key steps. Begin by researching universities and their MSc Finance programs, considering factors like curriculum, faculty expertise, and rankings. Shortlist the universities that align with your goals. Then, submit your application online, ensuring accuracy and providing the required documents. Educational qualifications, such as transcripts and degree certificates, need to be provided, meeting specific GPA requirements. Demonstrate English language proficiency through standardized tests like IELTS or TOEFL. Some universities may require GMAT or GRE scores. Craft a compelling personal statement highlighting motivations, career goals, and relevant achievements. Prepare letters of recommendation and be ready for potential interviews. 

Universities review applications, qualifications, and documents to make decisions. If accepted, you will receive an offer letter detailing the program's specifics. By following guidelines, submitting a robust application, and preparing well, you can increase your chances of securing admission to an MSc in Finance program in the UK.

Cost of Studying for MSc in Finance in the UK

The rough cost of studying in the domain of MSc in Finance programs offered by numerous UK universities is as follows:

1. MSc Finance: A widespread choice, this one-year full-time program focuses on Finance and typically costs between £15,000 and £30,000 in tuition fees.

2. MSc International Finance: Geared towards a global perspective, this one-year full-time program delves into international finance topics and carries an average fee range of £18,000 to £35,000.

3. MSc Corporate Finance: Exploring the intricacies of corporate Finance, including mergers and acquisitions and financial strategy, this one-year full-time program generally incurs tuition fees ranging from £16,000 to £30,000.

4. MSc Investment Banking: Targeting careers in investment banking, this one-year full-time program hones skills in financial modeling, valuation, and investment analysis, with tuition fees averaging between £20,000 and £35,000.

Considering pre-arrival costs, it is crucial to account for expenses such as IELTS exam fees (£170 to £195), visa costs (£348 for a Tier 4 student visa), health insurance, accommodation deposits, travel costs, living expenses, and study materials. To acquire the most accurate and up-to-date information on tuition fees and pre-arrival costs associated with pursuing an MSc in Finance in the UK, consulting the official websites of respective universities is highly recommended.

Scholarship for MSc in Finance in the UK

Job Scope for MSc in Finance in the UK

Many universities in the UK offer MSc in Finance programs with placement opportunities, allowing students to transition into the workforce immediately after completing their studies. Here are some examples of job opportunities in the UK and the approximate salaries that MSc Finance graduates can earn:

1. Commercial and Retail Banks: Prominent banks like Barclays, Lloyds Banking Group, and Royal Bank of Scotland Group offer job prospects for MSc Finance graduates, with salaries averaging around GBP 80,000.

2. Hedge Funds: Leading hedge funds such as Man Group and Capula Investment Management LLP provide lucrative career options for MSc Finance graduates, with average salaries reaching GBP 134,971.

3. Insurance Sector: The insurance industry, represented by companies like AIG Europe and AXA Insurance, offers exciting roles to MSc Finance graduates, with average salaries of around GBP 75,000.