Masters of Finance In United Kingdom | All you need to Know

Sep 6, 2024 / 3 min readIshita Soni

A Quick Guide to Getting an MSc in Finance in the UK

A Master’s in Finance (MFin or MSc Finance) is one of the most sought-after degrees among international students because it delivers advanced skills in financial analysis, investment management, and risk optimization. As a result, many universities across the United Kingdom offer this program.

In this guide, you’ll learn how to apply, which universities to consider, eligibility requirements, tuition fees, and career opportunities after completing an MSc Finance in the UK.

Why an MSc Finance in the UK Stands Out

A one-year MSc Finance in the UK allows students to gain in-depth financial knowledge while entering the job market faster. Moreover, the program strengthens analytical and quantitative skills that global employers highly value.

Here’s why Indian students increasingly choose the UK for an MSc Finance:

  • Scholarships: First, many merit-based and need-based scholarships reduce overall study costs.
  • High-Quality Education: Additionally, UK universities deliver industry-aligned curricula supported by strong research output.
  • Part-Time Work: Furthermore, students can work part-time during studies to manage living expenses.
  • Global Recognition: Finally, a UK MSc Finance degree enjoys worldwide recognition due to the reputation of British institutions.

Top Universities in the UK for Masters in Finance

Below are some of the leading UK universities offering MSc Finance programs, each known for a distinct academic focus:

  1. University of Oxford
    Oxford’s MSc Finance delivers a rigorous curriculum that links financial theory with real-world markets. Consequently, graduates often secure leadership roles in finance.
  2. London School of Economics and Political Science
    LSE’s MSc Finance ranks among the world’s best and emphasizes quantitative finance and analytics, making it ideal for data-driven finance careers.
  3. Imperial College London
    Imperial blends theory with practice. Moreover, its London location provides unmatched exposure to the global financial industry.
  4. University of Cambridge
    Cambridge’s MPhil in Finance focuses on research and theory. Therefore, it suits students interested in academic or research-based careers.
  5. University of Warwick
    Warwick’s MSc Finance prioritizes employability through workshops, internships, and strong industry networking.

UK University Rankings (Finance & Overall)

UniversityQS World RankingOverall Score
University of Oxford493
University of Cambridge691
London School of Economics790
London Business School1187
University of Manchester1884
Imperial College London2382
University of Warwick3680
University of Edinburgh4478
University College London5575
University of Glasgow6175

Eligibility Criteria for MSc Finance in the UK

To apply successfully, students generally need to meet the following requirements:

  • Relevant Bachelor’s Degree: Finance, Economics, Mathematics, Science, or Engineering with at least 60%.
  • English Language Proficiency: IELTS (or equivalent), as specified by the university.
  • GMAT/GRE Scores: Required by some universities, especially top-tier institutions.
  • Mathematics Background: A-level or equivalent qualification in Mathematics.
  • Work Experience: Optional, but preferred by certain universities.
  • Valid Passport & UK Student Visa

Since requirements vary, applicants should always confirm criteria with the university or a certified counsellor.

MSc Finance UK Syllabus

Although syllabi differ by university, most MSc Finance programs cover core subjects that build a strong foundation. Additionally, students can select electives to tailor the degree to their career goals.

Core Subjects:

  • Accounting
  • Corporate Finance
  • Investment Analysis
  • Financial Markets
  • Risk Management

Popular Electives:

  • FinTech
  • Behavioural Finance
  • Real Estate Finance

As a result, graduates gain both theoretical depth and practical expertise.

Cost of Studying MSc Finance in the UK

Tuition fees for an MSc Finance in the UK typically range from £25,000 to £45,000 per year. However, students should also plan for living costs.

On average, international students need around £1,334 per month to cover accommodation, food, utilities, and daily expenses. Therefore, budgeting in advance is essential for a smooth study experience.

Career Prospects After Masters in Finance in the UK

Graduates of MSc Finance programs in the UK enjoy strong employability across banking, consulting, fintech, and investment firms. Consequently, many secure well-paid roles soon after graduation.

Job RoleAverage Base Salary
Investment Banker£30,000 – £40,000
Portfolio Manager£35,000 – £45,000
Risk Management Analyst£28,000 – £38,000
Financial / FinTech Analyst£25,000 – £35,000
Management Consultant£32,000 – £42,000
Corporate Finance Analyst£30,000 – £40,000
Investment Research Analyst£28,000 – £38,000
Venture Capital Analyst£35,000 – £45,000
Quantitative Analyst£40,000 – £50,000

Final Thoughts

In summary, an MSc in Finance in the UK offers world-class education, fast program completion, and excellent career outcomes. Moreover, with global recognition and competitive salaries, the UK remains a top destination for finance aspirants.