The subject of finance refers to the management of money at the public, corporate, and personal levels. Students who study finance can learn the big business picture as well as will be able to prepare for their chosen careers accordingly ranging from an investment banker to a financial advisor. Finance Courses in the United Kingdom have become well-known throughout the world for several reasons. One of the most important factors is that the UK has a long history of understanding and studying the subtle complexities surrounding finance. Since the Middle Ages, London has been boosted as a prominent financial as well as a trade hub, and currently, it is considered to be one of the most significant and crucial financial centers in the whole world.
The United Kingdom’s financial sector has strong and dependable financial hubs in Leeds as well as Edinburgh which enhances its worth to about £165 bn and also helps the industry to attract global talents from all corners of the world. Another important aspect that attracts people to study in UK finance courses is the available inspiration by the best teachers and sharers of the world. These teachers and lecturers are not just there to teach but also to guide the students individually so that each of the students can capitalize on their skills and competencies. The best universities in the UK for finance and accounting currently include the University of Oxford, the London School of Economics and Political Science, and the University of Cambridge. The United Kingdom has nearly 250 institutions that offer over 4000 courses which is why students rarely struggle to find exactly what they are looking for. Additionally, they also receive some real-world insights that can be useful for application in future careers.
Moreover, the majority of the United Kingdom universities have a broad network of contacts from the industry, which is an additional benefit for the students as they are able to access a large chunk of opportunities related to gaining work experience in the sector they want to work in. United Kingdom universities also offer various internships and placements after a year within the industry, this ensures that all students are properly prepared to apply the learned skills to solve real-time challenges and hit the ground running once they successfully graduate. UK finance universities are also globally renowned for their teaching quality and for having inspiring and friendly teachers belonging from diverse cultural backgrounds. UK finance universities have many research-led flexible courses that offer accreditation from major accountancy bodies and organizations. Additionally, the skills that are developed in both postgraduate and undergraduate courses will provide a huge scope of preparation for any manager or leader in the distant future.
Furthermore, studying abroad finance in the United Kingdom can also help students to experience a rich social culture. Students can engage themselves in multiple on-campus societies as well as groups or clubs, and students can also choose to explore further afield. Whichever group a student chooses they will be able to boost their analytical skills and also understand language differently. A UK-based finance and accountancy degree can help to provide knowledge of the commerce industry dynamics, broaden the knowledge and scope of the subject area as well as the technical skills so that the students can apply those in suitable contexts. All students who go through UK finance courses from UK universities learn a great deal of invaluable transferable qualities and skills, starting from written and oral communication skills to numerical and analytical skills, global entrepreneurship and business issues.
Other specific factors that make UK universities a viable choice for studying finance include its comprehensive learning and conclusive syllabus, expert as well as talented faculty, preparing the students for big leaps, accredited professional certification, and international recognition. Additionally, it offers a good social experience to students and sharpens their skills and competencies to boost development and growth prospects. When compared to finance courses from other parts of the world, it was found that UK courses have a much shorter duration yet are more successful in terms of results.
Some popular finance courses in the UK includes MSc Financial Management (University of Birmingham), MSc Investments (University of Birmingham), MSc Money, Banking, and Finance (University of Birmingham), MSc Finance and Investment (University of Nottingham), MSc Finance (Lancaster University), MSc Banking and Finance (University of Nottingham), International Economics, Banking and Finance (MSc) [Cardiff University], MSc International Money and Banking (University of Birmingham), MSc Money, Banking and Finance (Lancaster University), MSc Banking and Finance (King’s College London), MSc Finance and Investment (University of Bristol), MSc International Financial Management (University of Surrey), MSc Finance and Management (University of Exeter), MSc International Corporate Finance (University of Surrey), MSc Quantitative Finance (Lancaster University), MSc Advanced Financial Analysis (Lancaster University), MSc International Banking and Financial Studies (University of Southampton), and many more. Some of the popular pre-masters or graduate courses in UK are Graduate Diploma in Finance (Pre-Masters) [University of Exeter], BSc (Hons) Finance, Accounting, and Management (University of Nottingham) [with placement and without placement]. The best universities that offer attractive Finance courses in the United Kingdom are University of Oxford, University of Manchester, University of Cambridge, Imperial College of London, and University of Edinburgh. Some popular courses by these universities include BA (Hons) in Economics and Management, MSc in Financial Economics, and DPhil in Finance all available at Oxford University.
The duration of Finance Courses for undergraduate students in the UK are mostly three years long. However, there are some programs or courses that offer four-year long courses with an additional year for business placement. The duration of Finance Courses for the graduate as well as Post-graduate students in UK typically involve one to two years. However, most part-time programs or courses take between two to four years.
The costs of studying a undergraduate Finance program can range between GBP 20,000 - 29,000. The costs of studying a graduate Finance program can range between GBP 10,000 – 48,191. The costs of studying a post-graduate Finance program in the UK can range between GBP 13,636 – 25,000. These prices are from the above mentioned top universities offering finance courses in UK.
The costs of living in the UK for approximately a family comprised of four members range between £4000 to £4,500, including rent. However, this is subject to where they live and how we’ll they are able to manage their finances. The costs of living in the UK for two individuals is mostly around £2500 and £3000, this includes accommodation rent. The average cost of living for a single individual in UK is around £725 to £1200. All the costs of living may vary depending on a person’s situation or place of living, and daily expenditures.
The accommodation rents are highest in cities like London, and the average rent may go up to approximately £1,480. Depending on the region the average cost of living for an individual are North East (£530), The Humber and Yorkshire (£550), East Midlands (£561), West Midlands (£602), South West (£752), North West (£623), South East (£940), East (£860), and lastly, London (£1,480). The living costs for international students in the UK are £10,308 per year for single person in London, £8,208 per year for single person living in Edinburgh, and £7,944 per year for a single person living in Cardiff.
Certain UK universities along with other organizations provide financial support to their students in various forms such as awards, bursaries, and scholarships. Some popular scholarships available for international students studying in the UK are offered by the Imperial College of London (MSc Finance Future Leaders Scholarship), University of Edinburgh (Business School International MSc Scholarship), Manchester University (Alliance MBA Masters Scholarships for UK/EU/ and International Students), and London School of Economics and Political Science offers the Graduate Support Scheme; LSE Master’s Award.
Other renowned scholarships offered by top universities include University of Cambridge (MFin Program Scholarship), University of Oxford (Alumni Annual Fund Scholarship and Oxford Said – HEC Montreal Scholarship). Other less popular yet effective scholarships are offered in University of Bristol (Global Accounting and Finance Scholarship), Warwick university (WBS Scholarships), University of Glasgow (Adam Smith Business School Scholarship), and University of Sheffield (International Merit Postgraduate Scholarship). The subjects that are mostly covered in the UK under Bachelor finance courses are financial modelling, management accounting, insurance, and quantitative techniques.
The key subjects that are covered under the finance Master's courses in UK are advanced management accounting, foundations of finance theory, finance statistics, and advanced international financial reporting. The subjects that are covered under finance PhD courses in the UK mostly include corporate governance, financial markets in Macro economy, and empirical methods in finance. These are some of the most important subjects and areas of knowledge that students need to learn in regards to learning and practicing finance and accounting related skills.
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There are many good universities in the UK. Some of the top universities are the University of Cambridge, Lancaster University, the University of Oxford, the University of Edinburgh, University of Warwick, etc.
Choosing a good university for international students can be a big hassle. However, a few important things to consider would be university facilities, placements, ranking, fees, and living conditions are some of the major concerns to be addressed.
You can also consult the education counsellors at AbroAdvice for more detailed guidance.
The average cost of studying in the UK can be around GBP 23,500 to 47,000. Studying at the University of Oxford can cost around GBP 52,560. While in the universe of Cambridge, the cost of studying can be around 51,000. At the University of Manchester, it can be around 32,000, while at the Imperial college of London it can be around 39 000. However, the number may vary based on scholarship, course, place of living, etc.
Yes, there are numerous scholarships for finance programs in the UK. Scholarships are granted based on marks, course, ethnicity, disability, sanctuary scholarships, etc.
One can go through the top universities list to get 100 % scholarships in UK universities and see the scholarship criteria. Some grant scholarships based on merit, course, disability, and more. There are postgraduate funding options like great scholarships and common elate scholarships. UK government also offers many funding and financial aid options, which can be explored by the UK Council for international student affairs (UKCISA).
Some of the admission requirements to get into finance universities of the UK are good grades in accountancy, business, and administration, passing IELTS exams with 6.5, having identity documents, a scorecard of standardized exams, along with an essay explanting interests and prospects.
The duration of courses in Finance can be up to two to three years. However, it depends if the course is taken full-time or part-time. There can be few finance courses like business that can last four years.
Based on the ranking of finance universities, the University of Oxford comes first. Following Oxford, you have options of the University of Cambridge, Imperial College London, etc.
Yes, there are many online options for studying finance in the UK. Some of them are the University of London, the Western Universe of Michigan, etc.
Yes, one can apply for a post-study work visa in Finance. This rule applies to students with bachelors, masters, and doctorate background. Based on the updated rules, one can stay in the UK with a visa extended for two years.
Majority of the top finance universities in the UK require bachelor’s degree documents, IELTS score, GMAT score, etc.
Yes, top UK universities offer hostel availabilities in the UK. One can live in a dorm and save their expenses. If not, then they can also opt for living in apartments, home stays, shared flats and more.
Applying for student accommodation in UK universities should be done beforehand. They have vacancies for international students, and one can easily apply by going through college websites and booking for them. There are also other websites available that can list living options based on one preference.
The campus life in UK universities is quite vibrant and diverse. They offer various opportunities for students with different cultures and backgrounds to engage and grow. They host numerous seminars, fests, activities, and opportunities for students to be exposed to other cultures and learn from them.
Yes, students can apply for financial aid in UK universities. There are two kinds of aids which are tuition fees and maintenance fees. The first one covers studying fees while others cover the other expenses. One can directly connect with the university as they have reserved options for international students. Or they can also get financial aid while applying for a visa.