Finance and Banking universities in UK

The United Kingdom, which is frequently ranked among the best countries to study abroad, offers a wide choice of financial qualifications. It is also termed the worldwide financial centre, which has made the country a great selection for students who aspire to commence their careers in this field. Additionally, it is home to some of the top colleges and universities in the world for finance and banking. Allow us to guide you through a comprehensive tour of Finance and banking universities in the UK. 

Highlights

Why Study at Finance and Banking Universities in the UK

The number of international students studying finance in the UK has grown recently due to the professional degrees and employment chances. With the assistance of professionals and internationally acclaimed research programmes, the schools will give you superior academic instruction. You will consequently acquire sector-specific skills and achieve a reputation abroad in the UK, which controls about 35% of the world's foreign exchange turnover.

Top Finance and Banking Universities in the UK with World Rankings

Top 10 UG Finance and Banking Universities in the UK

Top 10 PG Management Universities in the UK

Top Finance and Banking Courses in the UK with Average Salary

Admission Requirements for Finance and Banking Universities in the UK

To pursue a successful career in Finance and Banking, you need to have graduated with certain specialisations or subjects essential to the field. Here are the educational requirements that a student needs to fulfil.

Eligibility Criteria 

For UG

• Higher secondary education (12th grade) with Commerce, Economics and Maths as subjects 
• A-levels: AAB
• International Baccalaureate (IB) Diploma: 34-36 points
• UCAS tariff point range: 160 to 180

For PG

• A bachelor's degree in accounting, finance, or a closely related field.
• Some colleges require students to be proficient in statistics and maths.
• The scores need to enrol in a UK university-

-The required GMAT score is often around 680.

-The required GRE score on average is 325.

English Language Score Requirements

Because the scorecard for these tests is valid for two years, students should familiarise themselves with the university calendar and apply for admission carefully.

Application Process

• The application process for the Finance and Banking course will depend on the level of the course and the university to which you are applying.
• The details of the application process will be available on the university website. Make sure you go through the application details carefully and check out the eligibility criteria.
• For UG Finance and Banking courses, you can either directly apply at the university website or in the case of the UK, you can apply through the common application portal – UCAS.
• For PG Finance and Banking Courses, you will mostly be required to directly apply through the application portal of your university.
• You will be required to submit your personal details, academic documents and some other documents such as your SOPs, LORs, proof of financial support etc.
• After your application is completed, you might also be required to pay an application fee

Documents Required

• All official academic transcripts and grade cards
• Passport size photographs 
• Passport photocopy
• Visa
• Updated CV/Resume
• English Language Proficiency Test Scores
• Letters of Recommendation
• Statement of Purpose

Scholarships at top Finance and Banking Universities in the UK

• British Chevening Scholarship- Chevening Scholarships are offered by the UK government and are supported by partner organisations and the Foreign and Commonwealth Office (FCO). The scholarships are given to deserving overseas students with leadership potential who wish to enrol in any UK university's full-time taught master's degree programme.

Award: A Chevening Scholarship often includes university tuition fees, a monthly living allowance, a round-trip ticket to the UK in economy class, and other scholarships and allowances to meet necessary expenses.

Eligibility: A second-class upper 2:1 bachelor's degree (or its equivalent) that will allow you to enrol in a post-graduate programme at a UK university is the minimum requirement for desired applicants.

• Erasmus Mundus Joint Masters Degree Scholarship- The European Union established the international study programme Erasmus Mundus to foster closer international collaboration. All students who want to pursue a combined master's degree at any institution that is a part of the Erasmus Mundus programme are eligible for scholarships from the organisation. There are 24 grants available through the Erasmus Mundus programme for students from third-world nations and EU/EEA nationals who want to study in the UK. It pays for all financial support, including participation, travel expenses, installation fees, and monthly stipends.

Award: Awardees receive a monthly subsistence allowance in addition to the major costs, which include tuition, books, lab fees, insurance, and other incidentals.

Eligibility: The student must either have completed their first degree in higher education or exhibit substantial competence in the field they have chosen.

• Felix Scholarships- For poor students in India and other developing nations, Felix Scholarships are available, giving them the chance to continue their postgraduate studies in the UK. The Felix Scholarships in the UK had a modest beginning with just six prizes given out in 1991–1992, but they have now grown to 20 grants given per year, benefiting 428 deserving students.

Award: Scholarship Awards: Tuition Fees and Extra Funds worth GBP 78,840 (INR 76,74,340)

Eligibility: 

-The candidate must be below the age of 30 years. 

-The candidate must be of Indian Nationality and must not be currently living or studying outside of India

-Underprivileged candidates must apply for a full-time postgraduate program with any of the affiliated universities. 

-After the completion of their post-graduation, candidates must return to work in their home country. 

• Rhodes Scholarship- Amongst the oldest scholarships for Indian students to study in the UK, (first awarded in 1902) the Rhodes Scholarship program awards five scholarships to study at Oxford University. This scholarship in the UK is offered to those wanting to pursue postgraduate degree-level courses at the university for a duration of one or two years. 

Award: 59,490 Pounds (INR 55,73,023)

Eligibility: 

-It is crucial to pursue formal education for at least 4 to 10 years at an Indian college.

-Age restriction: 19 to 25

-A first-class undergraduate degree or one of comparable standing is required.

• Inlaks Scholarships- Since 1976, the Inlaks Shivdasani Foundation has provided deserving students in a range of academic excellence disciplines with scholarships, grants, and honours. Inlaks Scholarships, a scholarship programme for UK institutions that has benefited numerous students, was also launched by the organisation.

Award: Scholarship awards up to 100,000 US Dollars (INR 73,98,115) which covers tuition fees, living costs, airline fares, and travel expenses. 

Eligibility: 

-Candidates must be below 30 years of age. 

-Candidates should hold a first-class degree from a recognised institution in India. 

-Candidates should also be a resident of India for the last six months, at the time of applying for this scholarship. 

FAQs

• Which degree is best for banking and finance?

Students enrolled in UK Banking and finance programmes are prepared for positions in the accounting, finance, and business sectors. Corporate finance, financial risk, management accounting, and auditing are among the topics covered in the courses, along with more basic business topics like operations and people management.

• What is the best University to study finance in the UK?

Following are the best universities to study finance and baking-

-University of Glasgow

-London School of Economics

-University of Bolton

-Aberystwyth University

-University of Manchester

-University of Warwick

-Imperial College Business School

-London Business School

• What is the highest paying job in finance?

Chief financial officers (CFO) are responsible for managing the financial teams, cost-related decisions, and company budgeting. Because it requires financial leadership, expertise, and a wide network, the CFO position is one of the top paying finance positions.

• Should I study banking and finance?

You can build a solid career foundation in banking, broking, consulting, funds management, insurance, and superannuation by studying banking and finance. You could work for businesses, in the financial sector, or for the government. Additionally, it is a discipline that will enable you to travel to any place.