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MiF in the UK: Complete Overview

Table of Content

680

Avg. GMAT

24

Avg. Age

£ 57,000

Avg. Cost of Study

9 – 12 

Months Duration 

£ 60,000

Avg. Salary

Why Study MiF in the UK?

Pursuing a Masters in Finance (MiF) in the UK presents with an exciting opportunity for individuals seeking to advance their careers in the finance industry. The UK is widely recognized for its esteemed higher education system, renowned universities, and world-class faculty, making it a highly attractive destination for aspiring financial professionals. The country’s robust job market in the finance sector, characterized by numerous opportunities and esteemed industry leaders, further adds to its appeal.

In addition to its academic excellence, the UK’s strong economy offers a favorable environment for finance professionals. As a hub for global finance, the UK provides students with exposure to diverse financial markets, institutions, and practices. This exposure allows MiF students to gain practical knowledge and hands-on experience, honing their skills in areas like investment banking, financial analysis, risk management, and more.

Beyond the academic and career aspects, pursuing a MiF in the UK offers an enriching and vibrant student life. The country’s culturally diverse society, rich history, and vibrant social scene ensure that students can access a wide range of activities, events, and experiences.

To sum it all up, pursuing a MiF in the UK empowers students with the necessary knowledge, skills, and connections to excel in the finance field and embark on a successful future. The comprehensive curriculum and practical learning opportunities provided by top-ranked universities equip students with critical insights and competencies needed to navigate the complexities of the finance industry.

Program Costs + Living Expenses: MiF in the UK

£ 35,000 

Avg. Tuition Fee

£ 12,000

Avg. Living Cost

£ 10,000

Avg. Visa & Travel Expense

57,000

Avg. Cost of Study

When considering pursuing a Masters in Finance in the UK, it is crucial to understand the costs associated with both the program and the cost of living. MiF in the UK are generally more affordable compared to traditional MBA courses, making them an enticing option for those interested in management careers.

Tuition fees for MiF colleges in the UK can range from around £15,000 to £50,000 per year, depending on the university and program. However, it’s important to note that this only covers the cost of tuition, and additional expenses such as accommodation, food, and textbooks must also be considered.

The overall cost of living in the UK, including accommodation, food, transport, and utilities, can vary depending on personal preferences and location. Therefore, prospective students must carefully analyze their financial situation and budget constraints when choosing the most suitable MiF program within the best colleges in the UK.

Scholarships Available: MiF in the UK

Students may find the cost of education to be a significant concern for pursuing a MiF in the UK. However, it’s important to note that various financial aid options are available to help alleviate the burden and make the MiF program more affordable. Scholarships, awards, and bursaries offered by universities and other agencies play a vital role in supporting students in their educational journey.

These financial aid opportunities are typically merit-based or need-based and aim to provide financial assistance to deserving students. They can help cover the costs of tuition fees, living expenses, and other outlays such as travel costs. By offering financial support, these scholarships enable students to pursue their MiF degree without having to worry excessively about the financial burden.

Moreover, scholarships for MiF programs in the UK not only help with financial support but also offer additional benefits. Some scholarships may be endowed with added perks, such as connections to potential employers or internship opportunities at sponsor organizations. These connections and internships can provide invaluable professional experience, networking opportunities, and a competitive edge in the job market after graduation. 

It’s worth noting that the availability and eligibility criteria for scholarships can vary from institution to institution and program to program. Hence, checking the specific requirements and application deadlines for each scholarship opportunity is advisable to ensure all necessary documents and forms are submitted on time.

Here are some of the scholarships available to:

In addition to the general scholarships available, there are also specific scholarships tailored for Indian students who aspire to pursue MiF in the UK. These scholarships are designed to support Indian students’ educational journey by providing full or partial coverage of tuition fees, living expenses, or a combination of both. By taking advantage of these scholarships, Indian students can pursue their Masters degree in the UK with reduced financial burden.

Eligibility Criteria: MiF in the UK

Following are the basic eligibility requirements for top universities in the UK offering a Masters in Finance.

Together, these criteria ensure that prospective students possess the necessary academic background, quantitative skills, and language proficiency to excel in a master’s program in finance at esteemed universities in the UK. By setting high standards for admission, universities can attract motivated and talented students who are prepared to make significant contributions to the field of finance and beyond.

Employment Prospects: MiF in the UK

91%

Employed within 3 months of graduation

50K - 70K

Avg. Salary

Most Sought-after Jobs

Financial Analyst

Investment Banking

Analyst Risk Manager

Financial Consultant

Corporate Financial Manager

Portfolio Manager

Financial Controller

Treasury Analyst

The UK’s finance sector provides promising job opportunities for post-graduates, driven by strong demand and a growing economy. Within this sector, several prominent companies hold a dominant position in the financial landscape. Here are some of the top finance companies in the UK:

  • Goldman Sachs
  • J.P. Morgan
  • Morgan Stanley
  • Barclays
  • Citigroup
  • HSBC
  • PwC (PricewaterhouseCoopers)
  • Deloitte
  • EY (Ernst & Young)
  • KPMG
  • BlackRock
  • UBS
  • Credit Suisse
  • Standard Chartered
  • BNP Paribas

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Top 10 Colleges for MiF in the UK

1. Cambridge Judge Business School

Immerse oneself in the company of top-tier financial intellects at Cambridge Judge Business School’s Master of Finance program. Classmates, each boasting an average of 4 years of industry experience, are seasoned finance professionals.

The finance faculty, maintaining robust connections with global experts in the financial sector, collaborates to provide instructive sessions and networking opportunities throughout the year.

For those pursuing a career as a proficient finance professional, the Master of Finance program is designed to expedite personal and professional growth, paving the way for diverse and exciting career trajectories.

Refine and enhance one’s financial skill set. Explore the latest advancements in finance, and acquire sought-after skills pertinent to today’s dynamic financial landscape.

2. London Business School

There’s no better place for you to study a Masters in Finance – consistently ranked the world’s best post-experience programme – than at London Business School (LBS). We have an outstanding global reputation for teaching this specialist subject and strong links with financial institutions, recruiters and practitioners.

Develop a global view of finance on a flexible, customisable full- or part-time programme that can be tailored to suit your career goals. Choose from an extensive range of specialist electives, practitioner courses, industry-focused events and international experiences.

Draw on your passion for finance, gain the latest tools and frameworks and enhance your professional network.

3. University of Oxford – Said Business School

Propel your career with the necessary knowledge of finance and economics required by the financial sector.

Intellectually tough and highly practical, the distinctive nature of the programme will give you outstanding international training in the tools sought by financial institutions and companies, in a variety of different industries.

Saïd Business School finance faculty, together with the Department of Economics deliver the 9-month programme combining rigorous academic training with tailored real-world applications, designed in consultation with leading financial recruiters.

4. Imperial College Business School

The MSc Finance program at Imperial College Business School is a prestigious and highly sought-after graduate program that prepares students for impactful careers in the finance industry. Renowned for its academic excellence, the program offers a comprehensive curriculum that covers critical finance concepts, from financial markets and investment strategies to risk management and financial modeling.

With a faculty comprised of leading experts and its strategic location in London, one of the world’s financial capitals, students have unique access to cutting-edge research, industry insights, and internship opportunities, positioning them for success in the competitive field of finance.

The MSc Finance program at Imperial College Business School opens doors to a wide range of career opportunities, including roles in investment banking, asset management, corporate finance, and financial consulting, making it an ideal choice for those looking to embark on a rewarding career in finance.

5. Warwick Business School

The MSc Finance program at Warwick Business School, University of Warwick, is a prestigious graduate program renowned for its academic excellence and industry relevance. This program provides students with a comprehensive understanding of finance through a rigorous curriculum covering key areas such as financial markets, investment analysis, risk management, and financial modeling.

With a distinguished faculty and a strong academic foundation, graduates are well-prepared for successful careers in various sectors of finance, making it an excellent choice for those seeking to excel in the world of finance.

6. London School of Economics

The program provides high-caliber graduates, even those without a finance background, a distinctive chance to build a solid foundation and expertise in the field. Highly sought after at LSE, it attracts top-tier students from prestigious institutions globally.

Core courses in corporate finance and financial markets offer a comprehensive base, and you can customize your degree with various optional courses, including specialized applied ones. Gain practical insights, connect with the City, and benefit from interactions with LSE’s Financial Markets Group and Systemic Risk Centre, hosting renowned finance researchers.

Network with part-time MSc Finance students, and enjoy a stellar reputation among employers, with alumni thriving in leading investment banks, financial institutions, consultancies, and boutique firms.

7. Henley Business School

In this Masters programme, you will examine key issues from both a business and economic perspective. You will observe how multinational corporations leverage financial markets when seeking to exploit international business opportunities. Additionally, you will study the management challenges presented, and the relevance of these to financial and capital markets.

You will gain an understanding of the international business environment and its competitive and investment climate. Using frameworks and methodologies, you will also investigate the interaction between firm strategies, economic policies and the changing international environment.

8. Univeristy of Edinburgh

The Master of International Finance (MIF) program at the University of Edinburgh is a prestigious and globally recognized graduate program designed to equip students with the knowledge and skills necessary to excel in the dynamic field of international finance. Situated in the heart of Edinburgh, a thriving financial hub and historic city, this program offers a unique blend of academic excellence and practical exposure. Students benefit from a diverse and international cohort, world-class faculty, and a curriculum that covers a wide range of topics, including financial markets, risk management, corporate finance, and international banking.

With strong connections to the finance industry, the MIF program at Edinburgh provides students with ample networking opportunities and the chance to apply their learning in real-world contexts, making it an ideal choice for those aspiring to excel in the global financial landscape.This program is renowned for its rigorous academic standards, emphasis on experiential learning, and its commitment to producing graduates who are well-prepared for the challenges and opportunities in the ever-evolving world of international finance.

9. University of Bath – School of Management

The MSc in Finance program at the University of Bath is a highly regarded and comprehensive postgraduate degree designed to equip students with the essential knowledge and skills needed to excel in the dynamic world of finance. With a strong emphasis on both theoretical foundations and practical applications, this program offers a well-rounded education that prepares graduates for a wide range of career opportunities in the finance industry. 

What sets the MSc in Finance at Bath apart is its commitment to providing students with real-world experience. Through case studies, group projects, and access to the latest financial data and technology, students will gain valuable insights into the contemporary financial landscape. Additionally, the program’s strong industry links and career support services open doors to internships and job opportunities with leading financial institutions, making it an ideal choice for those aspiring to launch or advance their careers in finance.

10. Lancaster University

Organisations in the financial management sector require industry professionals with specialist knowledge of financial markets and expertise in investments, financial instruments and risk management. The one-year MSc Finance programme is tailored to these industry requirements and is designed to give you the crucial skills you will need to launch a successful career in finance.

Their students come from a wide range of disciplines, including quantitative subjects. If you meet minimum performance criteria during your first term, you will have the chance to train for and sit the Chartered Financial Analyst (CFA) Level 1 professional exam during the programme. Upon successful completion of your master’s, you will also automatically secure Association of Chartered Certified Accountants (ACCA) exemptions from most of the Fundamental level papers depending on your module choices during the second term, and 11 exemptions from the Chartered Institute of Management Accountants (CIMA) CGMA qualification.

Visa & Stay Prospects: MiF in the UK

To study in the UK, students need to be aware of the VISA and stay prospects available to them. And, to be eligible for a Student visa in the UK, the applicants must meet the following conditions:

  • Be 16 years old or above.
  • Receive an offer of a place on a course from a licensed student sponsor.
  • Have sufficient funds to support themselves and cover the course expenses (the required amount varies based on individual circumstances).
  • Possess the ability to speak, read, write, and understand English.
  • If the applicant is 16 or 17 years old, they must provide parental consent evidence when applying.

Application Process

The application process depends on whether the applicant is applying from outside or inside the UK.

Applying from outside the UK

  • One can apply for a visa six months before the course start date.
  • Typically, a decision on the visa application is received within three weeks.

Applying from inside the UK

  • The earliest one can apply is three months before the course starts.
  • The application must be submitted before the current visa expires, and the new course must commence within 28 days of the current visa expiration date.
  • Usually, a decision on the visa application is received within eight weeks.

Duration of Stay 

The duration of stay allowed in the UK depends on the course length and the applicant’s previous study in the UK. The typical stay duration for students aged 18 and above pursuing a degree-level course is up to five years.

Students wishing to stay longer after completing their course can switch to a graduate visa, allowing them to stay in the UK for at least two years upon successfully completing their program.

Fees

The fees associated with the Student visa application include the following:

Applying from outside the UK:

  • Visa application fee: £363

Applying from inside the UK:

  • Visa extension or switch fee: £490

It is important to note that the visa fee must be paid for each person joining the applicant.

Healthcare Surcharge

As part of the application process, applicants must pay the healthcare surcharge, which depends on the duration of the visa.

Pursuing a Masters in Finance in the UK offers international students valuable academic and professional experience. Understanding the VISA and stay prospects available to students is essential to ensure a smooth transition. Students can confidently plan their studies and stay in the UK by meeting the eligibility criteria, following the application process, and understanding the fees and healthcare surcharge.

FAQs about MiF in the UK

Graduates can pursue roles such as financial analyst, risk manager, investment banker, asset manager, or financial consultant. The UK’s strong financial sector offers a wide range of opportunities.

Work experience is not always mandatory, but some programs might prefer or require applicants to have relevant work experience.

Many UK universities facilitate internships, work placements, or practical projects, providing students with real-world experience and connections in the finance industry.

Some programs may align with the content of professional certifications like the Chartered Financial Analyst (CFA) or the Association of Chartered Certified Accountants (ACCA), giving students a head start toward earning these credentials.

Yes, there is a post-study work visa option in the UK that allows international students to work for up to two years (or three years for doctoral graduates) after completing their studies.

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