MBA in Finance in UK is one of the most preferred MBA specialisations, which usually takes 1 year to complete, considering the full time course load. The annual tuition fee for MBA in Finance in UK ranges from 12,000 GBP to 65,000 GBP. For Indian students, this is estimated to be around 12.10-65.657 lakhs INR.
Majority of the top universities for MBA in Finance in UK require a 4 year Bachelor’s degree with a minimum overall aggregate of 65-70%, a Personal Statement, Updated Resume/CV, 1-2 LORs, and GMAT/GRE scores. The applicants are also required to have at least 2 years of professional work experience for admission to MBA in Finance in UK.
UK is home to the 'big four' accounting and professional services firms: Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC), who are the top employers for the graduates of MBA in Finance in UK. Graduates can earn an average starting salary of 59,000 GBP (59.51 lakhs INR), which can go as high as 105,000 GBP (1.06 crore INR).
MBA in Finance in UK: Highlights
| Degree Types | MBA with a specialisation in Finance |
| Course Duration | 1 year |
| Program Types | Full-Time, Part-Time |
| Admission requirements | Bachelor’s (hons) degree| Minimum overall aggregate of 60-70% | Personal Statement | Updated Resume/CV | 1-2 LORs | Essay Questions | Official Transcripts |
| Work Experience | 2-5 years |
| GMAT/GRE Scores | GMAT: 580-680 | GRE Verbal: 156 | GRE Quantitative: 158 |
| English Proficiency | IELTS: 6.5-7.5 | TOEFL: 88-100 |
| Tuition Fee | 12,000-65,000 GBP (12.10-65.657 lakhs INR) |
| Average Salary | 59,000 GBP (59.51 lakhs INR) |
MBA in Finance in UK: Top Universities
The top universities for MBA in Finance in UK, along with the application deadlines and tuition fee are given below:
| Top Universities | Program | Application Deadline | Tuition Fee (GBP) |
|---|---|---|---|
| University of Cambridge | MBA (Finance) | Round 4: March 6, 2023 Round 5: April 17, 2023 Round 6: May 22, 2023 | 64,000 |
| Imperial College Business School | MBA (Finance) | March 20, 2023 | 61,500 |
| University of Greenwich | MBA in Finance | - | 18,500 |
| University of Bedfordshire | MBA (Finance) | May 1, 2022 (applications closed) | 15,900 |
| Cardiff Metropolitan University | MBA (Finance) | May 17, 2023 | 17,500 |
| University of Sunderland | MBA (Finance) | January 15, 2023 (applications closed) | 17,000 |
| University of Wales, Trinity Saint David | MBA Banking and Finance | Rolling | 15,000 |
| Amity University-London Campus | MBA (Finance and Banking) | - | 12,500 |
| Edge Hill University | MBA (Finance) | Rolling | 15,000 |
What is MBA in Finance in UK?
MBA in Finance is a master's degree in business administration that includes finance-related specialised courses. The programme typically begins with core courses in various business disciplines, as with other MBA programs. As the student progresses through the MBA core courses, they begin to take Finance concentration courses.
MBA in Finance in UK is a 1-year postgraduate degree program that combines finance, analytics, and budgeting. The curriculum is designed to teach students how to analyse and forecast financial reports and economic trends, as well as manage and maximise investment portfolios, balance risk and profitability, and make stocks profitable.
MBA in Finance in UK: Specializations and Subjects
The various subjects included in the curriculum of MBA in Finance in UK are:
- Digital Enterprise and Innovation
- Financial Decision Making in a Multinational Corporation
- Marketing Management
- Human Resource Management
- Strategic Management
- Bank Financial Management and Financial Markets
- Corporate Finance
Why study MBA in Finance in UK?
- Two of the top universities for MBA in Finance in UK, University of Cambridge and Imperial College London are among the top 10 universities in the world, as per the QS World University Rankings 2023.
- Business Analyst, Account Manager, HR Director, and Operations Manager are among the top 10 most in-demand jobs in UK 2023
- Large investment banking firms that hire graduates of MBA in Finance in UK include Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, and Morgan Stanley.
- The unemployment rate of UK as of November 2022 is only 3.7%, indicating abundant job opportunities for graduates.
How can I get admission in MBA in Finance in UK?
Majority of the universities for MBA in Finance in UK demand a 4-year bachelor’s degree with a minimum overall aggregate of 65-70%. Applicants are also required to have at least 2 years of professional work experience after graduation to get admission into MBA in Finance in UK.
The detailed admission requirements and eligibility criteria for MBA in Finance in UK is discussed below:
| Top Universities | Admission Requirements | English Language Requirements |
|---|---|---|
| University of Cambridge | Bachelor’s (hons) degree | One LOR | Essay Questions | IELTS: 7.5 | TOEFL: 110 |
| Imperial College Business School | Bachelor’s (hons) degree| Personal Statement | Updated Resume/CV | IELTS: 7.0 | TOEFL: 100 |
| University of Greenwich | Bachelor’s (hons) degree| Personal Statement | Updated Resume/CV | IELTS: 6.5 | TOEFL: 88 |
| University of Bedfordshire | Bachelor’s (hons) degree | IELTS: 6.0 | TOEFL: 80 |
| Cardiff Metropolitan University | Bachelor’s (hons) degree| Personal Statement | Updated Resume/CV | 2 LORs | IELTS: 6.0 | TOEFL: 80 |
| University of Sunderland | Bachelor’s (hons) degree | IELTS: 6.0 | TOEFL: 80 |
| University of Wales, Trinity Saint David | Bachelor’s (hons) degree | IELTS: 6.0 | TOEFL: 80 |
| Amity University-London Campus | Bachelor’s (hons) degree| Personal Statement | Updated Resume/CV | 2 LORs | IELTS: 6.5 | TOEFL: 88 |
| Edge Hill University | Bachelor’s (hons) degree | IELTS: 6.5 | TOEFL: 88 |
MBA in Finance in UK: Eligibility Criteria
Checklist for the basic admission requirements and eligibility criteria for MBA in Finance in UK:
- Bachelor’s degree (hons)
- Minimum overall aggregate of 65-70%
- English Proficiency Test Scores: IELTS: IELTS: 6.5-7.5 | TOEFL: 88-100
- 2-6 years of professional work experience
- 2-3 LORs
- Updated Resume/CV
- Personal Statement
- Official Transcripts
- Valid Passport
- Student Visa
Also Check Out:
MBA in Finance in UK: Work Experience Required
The table below demonstrates the minimum work experience requirements of the top universities for MBA in Finance in UK:
| Universities | Work Experience Required |
|---|---|
| University of Cambridge | 2 years |
| Imperial College Business School | 3 years |
| University of Greenwich | 4 years |
| University of Bedfordshire | Not required |
| Cardiff Metropolitan University | 5 years |
| University of Sunderland | 3 years |
| University of Wales, Trinity Saint David | 2 years |
| Amity University-London Campus | 2 years |
| Edge Hill University | 2 years |
How much does it cost to study MBA in Finance in UK?
For students wishing to study abroad in UK, the total cost of pursuing MBA in Finance in UK not only includes the tuition fee, but also the travel and living expenses in UK. The average tuition fee for MBA in Finance in UK is around 12,000-65,000 GBP (12.10-65.657 lakhs INR) and the annual cost of living in UK ranges from 12,000-15,000 GBP (12.13-15.16 lakhs INR).
It is always preferable to be aware of the costs involved and optimise the budget ahead of time to ensure a smooth experience. Given below is the detailed breakdown for the cost of studying in UK:
MBA in Finance in UK: Tuition Fees
The tuition fees for some of the top universities for MBA in Finance in UK is as follows:
| Top Universities | Tuition Fee (GBP) | Tuition Fee (INR) |
|---|---|---|
| University of Cambridge | 64,000 | 64.56 lakhs |
| Imperial College Business School | 61,500 | 62.03 lakhs |
| University of Greenwich | 18,500 | 18.66 lakhs |
| University of Bedfordshire | 15,900 | 16.03 lakhs |
| Cardiff Metropolitan University | 17,500 | 17.65 lakhs |
| University of Sunderland | 17,000 | 17.14 lakhs |
| University of Wales, Trinity Saint David | 15,000 | 15.13 lakhs |
| Amity University-London Campus | 12,500 | 12.60 lakhs |
| Edge Hill University | 15,000 | 15.13 lakhs |
Cost of Living in UK
The estimated monthly expenditure and cost of living in UK for an international student is around 1,120 GBP (1.11 lakhs INR). The following table demonstrates the average monthly expense to be expected by an international student in UK:
| Expense Type | Average Cost (GBP) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 600 | 57,685 |
| Food | 180 | 18,257 |
| Transport | 30 | 3,043 |
| Phone/Internet | 20 | 2,029 |
| Household Expenses | 45 | 4,326 |
| Miscellaneous | 245 | 23,554 |
Can I get scholarships in UK for MBA in Finance?
Yes, following are some of the popular scholarships for international students in UK to help you bear the cost structure of studying in UK:
| Scholarships | Eligibility | Award Details (GBP) |
|---|---|---|
| Commonwealth Masters Scholarship | Resident of commonwealth countries, Official transcripts, at least 2 references | Full tuition fee coverage, Stipend of 1,236 GBP per month |
| Sidney Sussex Hanadi Jabado Scholarship for Cambridge MBA students | Female candidates enrolled in MBA at Cambridge University | 5,000 |
| Imperial Excellence Scholarship | Academic merit | Internship experiences | Leadership potential | Up to 15,000 |
| International Scholarships Award | Undergraduate/postgraduate at University of Greenwich | Tuition fee discount up to 3,000 for the first year |
| International Scholarship 2022/23 | Undergraduate/postgraduate at University of Sunderland | 900 fee reduction |
| Postgraduate Excellence Scholarship | Edge Hill University | 3,000 |
MBA in Finance in UK: Placements
Graduates of MBA in Finance in UK can choose from various career paths, including accountancy, administration, banking, and finance. Some of the most preferred job roles and professions after MBA in Finance in UK are:
| Job Roles | Average Salary (GBP) | Equivalent Salary (INR) |
|---|---|---|
| Finance Analyst | 39,000 | 39.34 lakhs |
| Finance Manager | 45,000 | 45.39 lakhs |
| Risk Analyst | 46,000 | 46.40 lakhs |
| Leveraged Finance Associate | 53,000 | 53.46 lakhs |
| Business Consultant | 59,000 | 59.51 lakhs |
| Financial Management Associate | 33,000 | 33.28 lakhs |
| Financial Controller | 55,000 | 55.48 lakhs |
| Investment Banker | 61,000 | 61.53 lakhs |
| Financial Accountant | 46,000 | 46.40 lakhs |
Explore:
Is MBA Finance in UK worth it?
Yes, the top universities for MBA in Finance in UK offer excellent returns on investment, which can be seen in the graph and table below:
| Top Universities | Tuition Fee (GBP) | Average Salary (GBP) |
|---|---|---|
| University of Cambridge | 64,000 | 73,000 |
| Imperial College Business School | 61,500 | 83,000 |
| University of Greenwich | 18,500 | 73,000 |
| University of Bedfordshire | 15,900 | 48,000 |
| Cardiff Metropolitan University | 17,500 | 35,000 |
| University of Sunderland | 17,000 | 48,000 |
| University of Wales, Trinity Saint David | 15,000 | 39,000 |
Is it better to do MBA in Finance in UK or USA?
The following table depicts the basic differences between MBA in Finance in UK and MBA in Finance in USA for you to make an informed decision:
| Parameters | MBA in Finance in UK | MBA in Finance in USA |
|---|---|---|
| Duration | 1 year | 2 year (1 years in some universities) |
| Admission Requirements | Bachelor’s (hons) degree| Minimum overall aggregate of 60-70% | Personal Statement | Updated Resume/CV | 1-2 LORs | Essay Questions | Official Transcripts | Bachelor’s (hons) degree | Minimum overall aggregate of 83-86% | 1-2 LORs | SOP |
| English Proficiency Test Scores | IELTS: 6.5-7.5 | TOEFL: 88-100 | IELTS: 6.5 | TOEFL : 100 |
| Accepted Exam Scores | GMAT: 580-680 | GRE Verbal: 156 | GRE Quantitative: 158 | GMAT score: 550 - 600 | GRE: 300 |
| Work Experience Required | At least 2 years | At least 3 years |
| Tuition Fee | 12,000-65,000 GBP (12.10-65.657 lakhs INR) | 70,000 USD - 82,000 USD (56.58 lakhs - 66.28 lakhs INR) |
| Top Recruiters | Apple | Amazon | IBM | Ernst & Young | Goldman Sachs | Rolls Royce | Ernst & Young | Amazon | Accenture | Deloitte | KPMG |
| Average Starting Salary | 59,000 GBP (59.51 lakhs INR) | 102,000 USD (82.44 lakhs INR) |
An MBA in Finance in UK is a highly regarded business qualification on a global scale. In just one year, this programme will provide you with a world-class education and prepare you to take on managerial roles in finance and become an influential leader. The top employer of MBA in Finance in UK is Ernst & Young, where the salary goes as high as 105,000 GBP (1.06 crore INR). Other top employers include J.P. Morgan Chase & Co. (JPMCC), Accenture, HSBC, and Capco
FAQs
Ques: Is MBA in finance good in UK?
Ans: Two of the top universities for MBA in Finance in UK, University of Cambridge and Imperial College London are among the top 10 universities in the world, as per the QS World University Rankings 2023. Graduates can earn an average starting salary of 59,000 GBP (59.51 lakhs INR), which can go as high as 105,000 GBP (1.06 crore INR)
Ques: How much does MBA in Finance cost in UK?
Ans: The annual tuition fee for MBA in Finance in UK ranges from 12,000 GBP to 65,000 GBP. For Indian students, this is estimated to be around 12.10-65.657 lakhs INR.
Ques: How can I get admission in MBA in Finance in UK?
Ans: Checklist for the basic admission requirements and eligibility criteria for MBA in Finance in UK:
- Bachelor’s degree (hons)
- Minimum overall aggregate of 65-70%
- English Proficiency Test Scores: IELTS: IELTS: 6.5-7.5 | TOEFL: 88-100
- 2-6 years of professional work experience
- 2-3 LORs
- Updated Resume/CV
- Personal Statement
- Official Transcripts
Ques: How much does an MBA in Finance earn in UK?
Ans: Graduates of MBA in Finance in UK can earn an average starting salary of 59,000 GBP (59.51 lakhs INR), which can go as high as 105,000 GBP (1.06 crore INR).
Ques: What can I do after MBA in Finance in UK?
Ans: After MBA in Finance in UK, you can choose from various career paths, including accountancy, administration, banking, and finance. Some of the most preferred job roles and professions after MBA in Finance in UK are:
- Finance Analyst
- Finance Manager
- Risk Analyst
- Leveraged Finance Associate
- Business Consultant
- Financial Management Associate
- Financial Controller
- Investment Banker
- Financial Accountant
Ques: What are the top employers of the graduates of MBA in Finance in UK?
Ans: The top employer of MBA in Finance in UK is Ernst & Young, where the salary goes as high as 105,000 GBP (1.06 crore INR). Large investment banking firms that hire graduates of MBA in Finance in UK include Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase & Co. (JPMCC), and Morgan Stanley. Other top employers include Accenture, HSBC, and Capco
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