How To Study In The UK After Completing CA?

The UK is one of the most dynamic and innovative centres for finance enthusiasts and working professionals. As the oldest and largest foreign exchange market in the world, the country is a goldmine for CA students and professionals who wish to enter a fast-paced billion-dollar industry and dive deeper into the financial industry. If you want to enter the UK economy then here is a detailed guide on how to study in the UK after completing CA!

Must Read: Best Finance Courses in UK

Top Certifications after Pursuing CA in the UK 

Here are the top certifications after pursuing CA in the UK:

Chartered Certified Accountant (ACCA) Designation

The Chartered Certified Accountant (ACCA) qualification is a worldwide recognized accounting certification that covers financial management, reporting, taxation, auditing, leadership, and ethics, among other topics. Because it focuses on IFRS rather than US GAAP, ACCA is more internationally recognized and applicable than CPA.ACCA, on the other hand, is less appropriate in the United States. The CPA exam exemptions are likewise no longer valid.

The ACCA accounting designation is made up of three levels (modules) and up to 13 examinations. The certification costs around £2,000(172,620 INR) and takes about three years to complete. Because the ACCA has so many tests, the pass percentage might range from 30% to 80% depending on the exam.

Certified Financial Planner (CFP) Designation

The Certified Financial Planner (CFP) accreditation is for anyone interested in a career in investment or wealth management. This certificate focuses on financial planning for both high-net-worth people and everyday investors. Even though the CFP covers a wide range of topics in wealth management, its focus is narrow, making it less applicable to other finance careers.

There are two stages to the CFP, each with two exams. You must also complete a Level 1 FPSC (Financial Planning Standards Council) qualification as part of the CFP procedure. This qualification costs approximately $2,000 (roughly 147,295 INR) and takes four years to obtain. The CFP has a roughly 67% pass rate.

Certified Management Account (CMA) Certification

The Institute of Management Accountants offers the Certified Management Accountant (CMA) certification as an accounting credential. The CMA dives deeper into financial accounting and incorporates strategic management features. The certification focuses on educating the underlying variables that influence a company’s financials and how to use them to make effective business decisions.

The CMA certification has no stages, however, there is a final exam with two components that are assessed individually. Depending on whether you are a student or a professional, and whether you are purchasing extra study tools, the CMA might cost anywhere from $850 to 2,500 dollars(62,600-184,118 INR). The CMA tests have a pass rate of between 40% and 50%.

Certified Public Accountant (CPA) Certification

One of the most important credentials for accountants is the Certified Public Accountant (CPA), which is also important for a finance career path. The CPA is practically a “must-have” credential for an accounting career. It is often listed as a requirement for accounting positions by many employers. Auditing, attestation, financial accounting and reporting, business environment and principles, and regulation are all covered in the CPA program.

There are no levels in the CPA program; instead, there is a single exam with four components. Each of these four portions is tested independently as if it were a different exam. Depending on the jurisdiction and study program, completing the complete program can cost anywhere from $1,000 to $3,000(73,647-220,942 INR). (self-study or live classes). Accounting businesses, particularly the major four accounting firms, frequently pay for their workers’ CPA costs. The CPA exam typically has a pass rate of roughly 50%.

CIMA(Chartered Institute of Management Accountants)

CIMA (Chartered Institute of Management Accountants) is a worldwide recognized management accountancy curriculum that strives to instill company and people management skills rather than simply making you financially literate. It is recognized in over 179 countries. CIMA is a combination of leadership, people management, and a variety of other skills. For professionals such as CAs, CIMA offers a fast-track route that allows you to take advantage of the exemptions. Furthermore, the MNC culture requires globally competent and globally competent professionals.

Also Read: How to Become a Chartered Accountant in UK?

MBA in Finance in the UK

There’s a reason why the Master of Business Administration (MBA) is the most desired and internationally recognized postgraduate management degree in the world. It is often seen as a stepping stone to a successful management career, allowing functionalist managers to advance to more senior, strategic roles and empowering senior managers to learn the in-depth strategic knowledge they need to advance even further. MBA Finance program provides you with a once-in-a-lifetime opportunity to reach your full potential and specialize at the highest level.

You’ll get a critical grasp of financial and risk management’s theoretical methodologies, concepts, and methods. You’ll be introduced to a variety of frameworks for implementing financial models. Practical applications in diverse scenarios with which financial professionals would be familiar and expected to be knowledgeable will be emphasized. You will learn about the limitations and strengths of financial models in terms of behavioural and technical issues by using real-life case studies.

The course mixes theory and practice to provide you with hands-on experience, compelling teaching, and a clear international perspective. 

Eligibility 

• An undergraduate degree (2.1 or above) or an equivalent professional or academic qualification
• A period of professional work experience incorporating operational responsibilities – three years minimum, preferably five
• Two academic or vocational references.

Fees 

Study route	International / EU fees
One year (full-time)	£21,000(1,812,510 INR)
Two years (with placement)*	£22,385(1,932,049 INR)

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)

Also Read: Study in UK’s Beach Towns and Breezy Cities!

Masters in Accounting in the UK

Masters in Accounting in the UK is one of the most popular courses for CA professionals. Here is why it is considered one of the most competitive courses in the country:

• According to QS News Ranking, around 8 UK colleges are placed among the top 50 global universities for accounting and finance degrees.
• By the year 2050, an additional 80,000 accounting experts will be needed. (Prospects. The UK)
• A Master in Accounting from the United Kingdom can help you advance your career in the London financial sector, which is one of the best and largest in the world.
• Entry-level accountants earn between 35,000 and 45,000 GBP (35,21,595-4,527,765 INR) per year, with salaries rising to 70,000 GBP(7,043,190 INR) after four years and 100,000 GBP(10,061,700 INR) for senior positions.
• As federal/government employees in the United Kingdom, accounting experts can earn up to 122,000 GBP(12,275,274 INR) per year. Accounting professionals can make up to 117,000 GBP(11,772,189 INR) in the private sector.

Eligibility

• 16-year educational background, with a 10+2+4
• A four-year bachelor’s degree with honours from a reputable university in a relevant discipline is always desired.
• You can still apply for the program if you have a bachelor’s degree in another discipline and know the foundations of accounting.
• To demonstrate English language competency, and meet the minimum test score requirements.
• Work experience in accounting, auditing, finance, computer science, engineering, applied mathematics, or other related subjects will help you get into the program.
• Candidates who do not meet the academic requirements can apply after completing a pre-Masters route program at one of the participating universities.
• 2:1 Degree Equivalents: Upper Second Class, which equates to a grade of 60%-69% according to UK norms. 
• 2:2 Degree Equivalents: Lower Second Class, which equates to a 50%-59% grade.

Application Process for Masters in Accounting in the UK

Students can apply for master’s degrees in accounting in the United Kingdom directly through the university’s website. You must complete the following steps to apply to UK universities:

1. Make an account with the university
2. Choose the program of study
3. Make sure you fulfil the eligibility criteria
4. Apply via the university portal/online application form
5. Submit documents and proofs required
6. Submit application fee
7. Submit the application form

Also Read: UK Admission Process for Indian Students

BSc in Actuarial Science in the UK

The technique of turning risks into opportunities is taught in actuarial science. Actuaries evaluate financial security systems, focusing on their complexity, mathematics, and procedures. You will receive a competitive starting salary, with graduates earning an average of £30,000 (2,589,300 INR).

 BSc Actuarial Science program encourages you to pursue your interests in mathematics and problem-solving. An appealing combination of sound mathematics, a grasp of real-world financial challenges, and computer abilities equip you with the key skills required for actuarial entry. In fields such as commerce, government, insurance, and finance, you will learn the theory and methods used by professional actuaries, as well as how to utilize mathematical and statistical abilities to minimize financial risk when the stakes are high. Study topics include:

• Mathematical finance
• Financial reporting
• Contingencies, risk management, and survival analysis
• Pure and applied mathematics
• Statistics

Eligibility 

Applicants must show that they have a comprehensive general education, which includes:

• 5 GCSEs (numerical and letter grades) at grade A/7 or B/6;
• Mathematics (minimum of a Grade 7);
• English Language is required at GCSE level with a minimum grade of C / 4. GCSE English Literature will not be accepted instead of GCSE English Language.

International Baccalaureate

Changes to the International Baccalaureate Diploma Mathematics Courses will take effect in September 2019, with the first test taking place in 2021. The planned revisions to the IB Mathematics curriculum have been brought to our attention. IB students will be able to select from the following options: Mathematics: Analysis and Approaches and Mathematics: Applications and Interpretation will be available.

English language

• 36 points overall. Higher Level subjects: 6,6,6, including 6 in HL Mathematics;
• GCSE English Language grade C or better, or 4 or better;
• IELTS (Single Honours) with at least a 6.0 overall score (including a writing score of at least 6.0 and no other component less than 5.5),
• IELTS (Joint Honours) with an overall score of at least 6.5 (including a writing score of at least 6.0 and no other component less than 5.5),
• An acceptable equivalent qualification.

Fees

B.Sc in Actuarial Science	International / EU fees
Three years (full-time)	£17,700(1,527,687 INR)

Also Read: UK Universities that Accept Direct Applications for Bachelors

FAQs

How to study in the UK after completing CA is a question several students ask who would want to score a stable job in the UK! Want to study in the UK after a CA course? Then plan your educational journey with our Leverage Edu experts by booking a free session on 1800 572 000!