The world’s top universities for studying finance, accounting, and actuarial science are located in the United Kingdom. As the world’s largest financial center, the scope of finance courses in the UK is tremendous. From working with the big four to finding jobs with top banks, accounting firms and earning an annual salary of £50,000- £57,000. Keep reading to find out more about the benefits of studying finance in the UK!
Also Read: UK Universities that Accept Direct Applications for Bachelors
This Blog Includes:
- Top Finance Certifications in UK
- Entry Requirements
- Masters of Finance in UK
- Program Details
- Top Masters of Finance Programs in the UK
- Eligibility for Masters in Finance in UK
- Documents Required
- Top Universities for Accounting and Finance
- Career Scope
Top Finance Certifications in UK
Here are some finance courses in UK:
- Chartered Financial Analyst (CFA) Certification
- Certified Public Accountant (CPA) Certification
- Certified Financial Planner (CFP) Designation
- Financial Risk Manager (FRM) Certification
- Financial Modeling & Valuation Analyst (FMVA) Certification
Chartered Financial Analyst (CFA) Certification
- The CFA designation is coveted by finance professionals all around the world. It is broken down into three sections, each takes about four years to finish. It is widely regarded as one of the most coveted financial qualifications.
- This financial certification focuses on portfolio management and investment analysis. Among the key test topics are ethical and professional standards, mathematical methods, economics, financial reporting and analysis, corporate finance, portfolio management, equities, fixed income, derivatives, and alternative investments..
- The cost of the designation ranges from $4,000 to $5,000,(2,96,954 INR to 3,71,192.50 INR) depending on whether you have to retake any tests and how early (or late) you apply.
Make an appointment to take your examinations. The pass rate for the whole certification program (all three levels) is less than 20%.
Certified Public Accountant (CPA) Certification
- Rather than obtaining a finance certification, many finance professionals opt for an accounting qualification. In the accounting industry, a CPA is the gold standard, and it also works well in a financial career path. Auditing and attestation, business environment and principles, financial accounting and reporting, and regulation are all included in the CPA program.
- The whole cost of a CPA certification (from start to completion) is around $3,000(2,22,715.50 INR), and the student’s company usually pays for it. The pass percentage varies for every exam, but for a first attempt, it’s around 50%.
Certified Financial Planner (CFP) Certification
- Anyone interested in a career in finance or wealth management should consider earning a CFP accreditation. It focuses on financial planning, which is the retail or high net worth portion of investment management, as the name implies. Anyone who wants to work with high-net-worth individuals should have a CFP certification.
- CFP is one of the most cost-effective finance certifications, costing around $2,000(1,48,405.00 INR) on average but varying based on how many course materials you purchase. The passing percentage is approximately 67%.
Financial Risk Manager (FRM) Certification
The FRM certification is for people who want to work as risk officers, risk analysts, and other risk management professions. The designation costs roughly $1,500(1,11,303.75 INR) and takes about a year to accomplish. The FRM designation has a pass rate of roughly 50%.
Financial Modeling & Valuation Analyst (FMVA)® Certification
A new and more popular alternative for corporate finance professionals is to obtain a financial modeling certification from an institute like CFI. The course covers everything from how to create a financial model to advanced valuation methodologies and sensitivity analysis, all while using Excel. CFI’s comprehensive Financial Modeling & Valuation Analyst Program (FMVA), which starts at $497(36,878.64 INR) and includes over 24 courses and over 100 hours of video teaching, is an economical investment. The FMVATM test has a pass rate of approximately 70%.
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- Academic Entry Requirement
- A-levels: AAB
- International Baccalaureate (IB) Diploma: 34-36 points
- UCAS tariff point range: 160 to 180
- English Language Requirements
- IELTS: 6.5 (no sub-band lower than 6.0)
- TOEFL (IBT): 93
- Academic Entry Requirement
- 2:1 or above (or international equivalent) in a topic involving a lot of math and numbers.
- English Language Entry Requirement
- IELTS: 7.0 (no sub-band lower than 6.5)
Must Read: What are the requirements to study in UK?
Masters of Finance in UK
A master’s degree in finance in the United Kingdom, like many other degrees accessible in Europe, can be completed in a year at one of the country’s more than 100 universities. International students wishing to pursue a course at a UK university should budget between 23,000 and 47,000 GBP (tuition fee)(2,29,940 to 46,98,776 INR)
The Master of Science (MSc) or Master of Finance (MFin) is the most prevalent degree for master’s in finance and other finance specialization courses. The following is the course curriculum for most UK colleges’ Masters of Finance programs:
- Foundation Courses: The foundation modules cover topics such as debt, equities, financial derivatives, market efficiency, portfolio risk, and diversification to assist students to comprehend the fundamentals and essential financial instruments. In addition, it contains information on fundamental statistical and probability techniques. Students who do not come from a financial background will benefit greatly from this module.
- Corporate Finance: Derivatives, Ethics & Professional Standards in Finance, Financial Econometrics, Investments, and Portfolio Management, Macro-Finance, and Mathematics for Finance are among the topics covered in the core module.
- Electives: Elective courses are designed to help students achieve their career goals and fit their interests. 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 are just a few of the key electives available.
- Projects: This course also includes some projects to help students integrate theory and practise.
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Top Masters of Finance Programs in the UK
|University||Subject Ranking||Program Details|
|University of Oxford||5||MSc in Financial Economics (9 months)|
|University of Cambridge||6||Masters in Finance (1 year)|
|Imperial College of London||29||MSc in Finance and Accounting; MSc Finance (1 year)|
|University of Edinburgh||44||MSc Finance (1 year)|
|University of Manchester||21||MSc Finance (1 year)|
|London School of Economics and Political Science||4||MSc Finance (10 months)|
|University of Bristol||51-100||MSc Finance and Investment (1 year)|
|University of Warwick||47||MSc Finance (1 year)|
|University of Glasgow||101-150||MSc Finance & Management (1 year)|
|University of Sheffield||151-200||MSc Finance ( 1 year)|
Eligibility for Masters in Finance in UK
Students interested in finance courses in UK can pursue master’s degree in finance in the United Kingdom should meet the following requirements:
- A bachelor’s degree in finance, accounting, commerce, or a related field is required.
- Basic knowledge of mathematics, including calculus and statistics
- Scores of entrance exams required to study in the UK.
- GRE or GMAT score
- Average GMAT: 680
- Average GRE: 325
- Proof of English proficiency: IELTS- 6.5
- GRE or GMAT score
To study finance courses in UK, there are some documents we need to upload support the application form:
- 10th, 10+2, and all semesters of the bachelor’s degree mark sheets
- TOEFL, IELTS, PTE, and GMAT/ GRE scorecards are examples of English language assessments.
- References from your previous/current institutes, as well as from your place of employment.
- 2-years of core finance or finance-related experience (in some institutes internships are also considered)
- A CV that includes all personal information, academic qualifications, professional experience, expertise, and other relevant information.
- Essay of no more than 500 words describing why you chose this course and this institute, as well as how the course will help you establish a better future.
Top Universities for Accounting and Finance
Find about the top ten Accounting and Finance universities in the UK below :
- University of Glasgow
- London School of Economics
- University of Bolton
- Aberystwyth University
- University of Bath
- University College London
- University of Leeds
- University of Strathclyde
- University of Warwick
- University of Exeter
Also Read: How to Write an SOP for UK Universities?
Graduates of the Master of Finance program can pursue professions in financial management, insurance, commercial banking, and hedge funds. Making a career in finance can be difficult, but the pay packages are competitive depending on experience, position, and industry. The average income for an accountant or financial professional in the United Kingdom is roughly 115,000 GBP(11,50,132 INR). Salary increases by up to 32% after 2 to 5 years of experience.
A table listing the most common recruiters in various industries where finance graduates are absorbed is provided below:
|Sector||Recruiters||Average Starting Salary (GBP/year)|
|Professional Services||EY, PwC, Deloitte, KPMG||90,000(90,02,784 INR)|
|Retail Banking and Building||HSBC, Barclays, Lloyds Banking Group||80,000(80,03,880 INR)|
|Investment Banking||Morgan Stanley, Deutsche, JP Morgan||75,000(75,01,468 INR)|
|Insurance||Admiral Group, Aviva, Allianz, AXA, Prudential||72,0009(72,03,492 INR)|
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