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Masters in Finance in UK - Is It a Wise Decision?

Jul 26, 2023

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If you have a natural inclination towards numbers and want to learn more about the accounts and finance sector, then a master's in finance in the UK might be the ideal program for you. The UK is famous globally for excellence in teaching. It is home to some of the most reputed institutions such as University of Oxford, London School of Economics, University of Cambridge, and Imperial College London that are always on top of the list of World QS Ranking Surveys. Britain, particularly, has been at the centre of some of the most significant financial revolutions since the mediaeval times that started in 1688 with an array of financial and economic reforms based on Dutch innovations.

Having a firm grasp of financial concepts will not only help you bag a lucrative job after course completion but will also aid in growing your own financial wealth. So, to explore how the world economy functions, kickstart your career with a higher education abroad from one of the top universities in the UK. Continue reading below to know more.

Why Should You Opt for Masters in Finance in the UK?

There are many reasons why opting for Masters in Finance in the UK might open doors to a brighter future for you and your family. Some of these reasons include:

  • As per the Financial Times news report conducted in 2022, approximately 91% of students found employment within three months of completing their course in finance in the UK.
  • In the finance sector, the top three companies hiring fresh graduates in the UK are JP Morgan, Goldman Sachs and Google.
  • The UK is home to some of the best-ranked universities in the world that offer the program, Masters in Finance in the UK. These universities are the University of Cambridge, the University of Oxford, the London School of Economics, Imperial College London and many more. 
  • Furthermore, the UK is very accommodating when it comes to students taking up part-time jobs during the course of their education. Doing so can help support additional expenses that a student is likely to incur during their stay.
  • The UK has a vast network of industry contacts that students can access in order to enrich their professional portfolio.
  • The salary of an average person working in the finance and accounts sector is around 40-50 lakhs. 

Below is a table listing some job designations and their corresponding average salary in Indian rupees.

Financial Director

67. 47 lakhs

Associate Portfolio Analyst

62.01 lakhs

Financial Manager

60.12 lakhs

Financial Controller

53.03 lakhs

Senior Financial Analyst

42.75 lakhs

Risk Analyst

42.19 lakhs

Financial Analyst

35.61 lakhs

Banking Operations

34.54 lakhs


Masters in Finance: Cost of Study in UK

When you are planning to pursue your master's in finance in the UK, you are going to have two sets of costs that you will need to consider. One is the course fees, which are going to be the largest portion of your expenses. The other is the costs arising from living in the UK. To give you more clarity on this, we have provided two tables below:


QS World Rankings by Subject - Finance 2023

Approximate Total Course Fees (INR)

University of Oxford



University of Cambridge



The London School of Economics and Political Science (LSE)



Imperial College of London



University of Manchester



University of Edinburgh



Cranfield University



Lancaster University



University of Glasgow



University of Sheffield




Below is a table highlighting some key expenses of a student during the course of one month


 Average Monthly Cost in INR


61,000 to 1,08,355


18, 347

Clothing & Laundry


Mobile phone & data

6, 850


5, 974

Stationery items

3, 669




Course Structure for Masters in Finance in UK

A student studying a full-time master's in finance in the UK will be introduced to the following concepts as part of their curriculum:

  • Asset Markets
  • Derivatives
  • Investments and Portfolio management
  • Corporate Finance

Electives/ Optional courses

  • Dedicated courses: Corporate investment & financial policy, financial engineering and risk management in financial markets
  • Non-dedicated courses: Sustainable finance & impact investing, entrepreneurial finance and quantitative security analysis

Scholarships for Masters in Finance in UK

International students can apply for scholarships at the time of university application to cut down on expenses either fully or partially. There are a number of scholarships that are available at various points in time throughout the year. These are:

  • LSE Master’s Award- Partial scholarship offered by the London School of Economics
  • WMG Excellence Scholarships- Partial award given by the University of Warwick
  • UCL Global Masters Scholarships- Partial scholarship offered by University College London
  • The Chevening Scholarship- Offered by the UK Government, this scholarship offers full financial support to study for any eligible master's degree at any UK university while gaining access to a wide range of exclusive academic, professional, and cultural experiences.
  • Commonwealth Scholarships, funded by the Foreign Commonwealth and Development Office (FCDO)
  • The Great Scholarships-Managed by the British Council with 41 UK universities
  • Lancaster Global Scholarship covers  £5000 in your first year of study
  • Cranfield Scholarship covers part of the tuition fees and amount that can be awarded is at the discretion of the course director for the programme.
  • International Postgraduate Taught Merit Scholarship 2023 offering 125 scholarships worth 25% of your tuition fee.

Requirements to Study Masters in Finance in UK

In order to be considered eligible to enrol for the masters in finance in the UK, you are expected to meet the following requirements:

  • Relevant undergraduate or bachelor's degree in subjects like Economics, Finance, Science or Mathematics.
  • English language proficiency (IELTS test score)
  • A-level score in Mathematics
  • Work experience (if any)
  • Statement of purpose
  • Letters of recommendation
  • Valid Indian passport


Your dream to pursue a master's in finance in the UK can soon turn into a reality based on the strength of your student application. To ensure that you have a winning candidature, you need to be well-prepared with your student profile and need to have the right knowledge about academic expectations. Since most of you applying for the program are inexperienced and may be overwhelmed with the thought of having to collate so many documents, it is likely you might be feeling lost. To stay on track with your application, connect with KC Overseas, one of the top five Ed tech consultants in India for expert guidance. You will receive help at every stage of your application process and ensuring that you have a smooth-sailing journey towards your higher education abroad goal.

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