Masters in Accounting and Finance UK: Top Universities, Fees, Requirements, Eligibility & Scholarships

Masters in accounting and finance in UK builds strong expertise in auditing, investment strategy, and financial reporting through a mix of theory and hands-on learning. Top universities such as LSE, Imperial, Manchester, Warwick, and Edinburgh typically charge GBP 25,000–40,000 (₹25–40 L) per year. Graduates often move into roles in banking, consulting, and corporate finance within months, earning around GBP 30,000–60,000 (₹30–60 L) early in their careers.

A Master’s degree in Accounting and Finance in UK provides advanced education in accounting, finance, and business management. The program covers various topics, including financial reporting, financial analysis, corporate finance, tax planning, and investment management.

In addition, students will learn about various financial instruments and financial markets and how to use software and other tools to analyze financial data. Some programs may include accounting ethics, business law, and governance courses.

The average course period for a Master’s in Accounting and Finance in UK is 1-2 years, depending on the university and program.  Some universities also offer part-time or distance learning options, which may have different fees and duration. Overall, a Master’s degree in Accounting and Finance in UK is a great option for students who want to develop their knowledge and skills in accounting, finance, and business management.

Highlights of Accounting and Finance in the UK 

Why Study Accounting and Finance in the UK?

There are several reasons one might choose to study Accounting and Finance in the UK. Some of the main reasons include the following:

• Quality of education: The UK is known for its high-quality education system, and its universities are among the best in the world for business and finance education. Many UK universities also have strong connections to the accounting and finance industry, which can provide students with valuable networking opportunities.
• Professional recognition: A degree in Accounting and Finance from a UK university is widely recognized and respected by employers worldwide. Additionally, many UK universities offer programs that are accredited by professional bodies such as the Association of Chartered Accountants (ACA) or the Chartered Financial Analysts (CFA) society.
• Career opportunities: The UK is home to some of the world’s largest financial institutions and businesses. There are many opportunities for students to begin their careers in this sector after graduation. Additionally, many UK-based accounting and finance professionals work in other countries.
• Diversified Culture and Language: The UK is a diverse and multicultural country, and studying in the UK can be a great opportunity to experience different cultures, meet people from all over the world and improve language skills.
• Research opportunities: UK universities have world-class facilities and resources that support research. Students have access to these resources and are encouraged to engage in independent research projects, which can provide valuable experience and help them stand out in the job market.

Types of Masters in Accounting and Finance in the UK

There are several types of Master’s degrees in Accounting and Finance available in the UK, each with its unique focus and curriculum. Some of the most common types include:

• Master of Science (MSc) in Accounting and Finance: This program typically provides a strong foundation in accounting, finance, and economics. It is geared towards students who want a broad understanding of the field and may include courses on financial reporting, financial analysis, and corporate finance.
• Master of Business Administration (MBA) in Accounting and Finance: This program is designed for students who want to combine an understanding of accounting and finance with an overall understanding of business management. The MBA program may focus on leadership, strategy, management skills, and accounting and finance.
• Master of Professional Accounting (MPA): This program is designed for students who want to become professional accountants. It includes courses on financial accounting, management accounting, audit and assurance, and tax accounting. The program may be accredited by professional bodies such as the Association of Chartered Accountants (ACA) or the Chartered Financial Analysts (CFA) society.
• Master of Finance (MFin): This program is designed for students interested in finance and investment. It includes courses on financial markets, financial instruments, and financial modeling. The program may be accredited by professional bodies such as the Chartered Financial Analysts (CFA) society.
• Master of Public Accounting (MPAcc): This program is designed for students who want to work in government or non-profit organizations. It includes courses on financial accounting, management accounting, and auditing.

It’s important to note that universities may have different names or variations of these programs, and the actual curriculum may vary. Therefore, it’s always best to check with the university for the most up-to-date information.

Best Universities for Accounting and Finance in the UK

Course Curriculum of Accounting and Finance in the UK

The course curriculum of a Master’s degree in Accounting and Finance in the UK can vary depending on the university and program. However, most programs will include a mix of core and elective courses that cover the following topics:

• Financial Accounting: Students will learn about financial reporting and analysis, including preparing and interpreting financial statements.
• Management Accounting: Students will learn about cost accounting, budgeting, and performance evaluation.
• Taxation: Students will learn about the principles of tax law and how they apply to businesses and individuals.
• Auditing: Students will learn about the principles of auditing, including the process of conducting an audit and the legal and ethical requirements.
• Corporate Finance: Students will learn about the financial management of companies, including capital budgeting, working capital management, and long-term financing.
• Financial Markets and Institutions: Students will learn about the role of financial markets and institutions in the economy, including the mechanics of trading, risk management, and regulations.
• Investment Analysis and Portfolio Management: Students will learn about investment and portfolio management principles, including the analysis of securities and the management of investment portfolios.

Some programs may include accounting ethics, business law, and governance courses. Additionally, many programs will include a practical component such as an internship, a case study, or a research project.

Admission Requirements & Eligibility Criteria for Accounting and Finance in the UK

Eligibility Criteria

The eligibility criteria for a Master’s degree in Accounting and Finance in the UK can vary depending on the university and program. However, most programs will require the following:

• A bachelor’s degree: Most universities require applicants to have completed a bachelor’s degree with at least a second-class honors or equivalent in accounting, finance, business, economics, or a related field.
• Work experience: Some universities may require applicants to have relevant work experience in accounting, finance, or a related field.
• English language proficiency: Most universities require applicants to demonstrate proficiency in English through tests such as the International English Language Testing System (IELTS) or the Test of English as a Foreign Language (TOEFL).
• Standardized test: Some universities may require applicants to take a standardized test such as the Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE).

It’s important to note that the eligibility criteria may vary depending on the university and program. Therefore, it’s always best to check with the university for the most up-to-date information on the program requirements you are interested in.

Admission Requirements

The admission requirements for a Master’s degree in Accounting and Finance in the UK can vary depending on the university and program but typically include the following:

• Completed application form: Most universities require applicants to complete an online application form, including personal and academic details and information on work experience and extracurricular activities.
• Official transcripts: Most universities require applicants to provide official transcripts of their undergraduate and, if applicable, graduate-level coursework.
• Resume or CV: Most universities require applicants to submit a resume or CV highlighting their education, work experience, and relevant skills.
• Personal statement: Most universities require applicants to submit a personal statement outlining their motivation for pursuing a Master’s degree in Accounting and Finance and how the program aligns with their career goals.
• Recommendation letters: Most universities require applicants to provide one or two letters of recommendation from professors or employers who can speak to the applicant’s academic or professional abilities.
• English language proficiency test scores: Most universities require applicants to take an English language proficiency test and submit the scores, such as IELTS or TOEFL.
• Standardized test scores: Some universities may require applicants to take a standardized test such as the GMAT or GRE and submit the scores.

Admission Process for Accounting and Finance in the UK

The admission process for a Master’s degree in Accounting and Finance in the UK can vary depending on the university and program. However, most universities follow a similar process that includes the following steps:

• Research: Research different universities and programs to find the one that best aligns with your interests, career goals, and academic background.
• Submit an application: Complete an online application form, which will include personal and academic details and information on work experience and extracurricular activities. Apply along with any required documents such as transcripts, test scores, and recommendation letters.
• Wait for a decision: After submitting your application, you will typically have to wait for a decision from the university. The time it takes to receive a decision can vary depending on the university and program.
• Interview: Some universities may require an interview as part of the application process. The interview can be in-person, over the phone, or via video call.
• Acceptance and enrollment: If your application is accepted, you will receive an offer of admission. You will then need to accept the offer and complete the enrollment process, which may include paying a deposit and completing any additional paperwork.

It’s important to note that the admission process may vary depending on the university and program. Therefore, it’s always best to check with the university for the most up-to-date information on the specific requirements and steps for the program you are interested in.

Cost of Studying for Master’s in Accounting and Finance in the UK

The cost of studying for a Master’s degree in Accounting and Finance in the UK can vary depending on the university,  program length, and whether the student is domestic or international. However, on average, the cost of studying for a Master’s degree in Accounting and Finance in the UK can range from around GBP 16,000 to GBP 40,000 or more for international students.

Some of the main costs that students will need to consider include the following:

• Tuition fees: These are the fees the university charges for the program. They can vary depending on the university and program and whether the student is domestic or international.
• Living expenses: These include costs such as accommodation, food, and transportation. Living expenses can vary depending on the location of the university and the student’s lifestyle.
• Books and materials: Students will need to budget for the cost of books and other materials required for the program.
• Travel and visa costs: International students will need to budget for travel to and from the UK and the cost of obtaining a student visa.

It’s important to note that these are approximate figures, and the cost may vary depending on the university and program. Therefore, it’s always best to check with the university for the most up-to-date information on the specific program costs you are interested in. Additionally, scholarships, bursaries, and student loans are available for international students to help offset the cost of studying in the UK.

Scholarships & Financial Aid for Accounting and Finance in the UK

Many scholarships are available for students studying for a Master’s degree in Accounting and Finance in the UK. The university, private organizations, or government bodies can provide these scholarships. Some scholarships are based on financial need, while others are based on academic merit. Here are a few examples of scholarships that may be available for students studying for a Master’s degree in Accounting and Finance in the UK:

• University scholarships: Many universities in the UK offer scholarships to students studying for a Master’s degree in Accounting and Finance. These scholarships may be based on academic merit, financial need, or a combination.
• Professional Body Scholarships: Many professional bodies, such as the Chartered Institute of Management Accountants (CIMA) and the Chartered Institute of Public Finance and Accountancy (CIPFA), offers scholarships to students studying accounting and finance-related courses.
• Government scholarships: Some governments, such as the British government, offer scholarships to international students studying in the UK.
• Private organizations scholarships: Many private organizations offer scholarships to students studying for a Master’s degree in Accounting and Finance in the UK. Companies, foundations, or other organizations may offer these scholarships.

It’s important to note that the scholarships available may vary depending on the university and program and the student’s country of origin and financial situation. Therefore, it’s always best to check with the university and potential scholarship providers for the most up-to-date information on available scholarships and the application process.

Career Opportunities after Accounting and Finance in the UK