An MBA in Finance course is a postgraduate program that helps students analyze company reports, forecast economic trends, take measures to maximize stock value, choose investment portfolios, and balance risk and profitability. MBA in Finance is a popular MBA specialization for individuals who want to associate with the financial industry and stay updated about the latest developments in the financial sector. The MBA in finance degree provides both practical and theoretical knowledge to equip students with an insight into the working method of businesses, detailed financing techniques, valuation methodologies, and accounting principles. The MBA in Finance in the UK is generally one year long and full-time. The tuition fees range between 12000-65,000 GBP. In this article, we will give you all the detailed information necessary for you to know about studying MBA in Finance in the UK. 

Why Study MBA in Finance in the UK?

The UK hosts the 'big four' accounting services firms, namely- Deloitte,  PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG which are the top recruiters for MBA in Finance graduates in the UK. Graduates can make a starting salary ranging between 59,000 GBP and 105,000 GBP. The reasons why you should study MBA in Finance in the UK are-

• As per the QS World University Rankings 2023 ranking, two of the top 10 universities in the world, the University of Cambridge and Imperial College London, offer MBA in Finance in the UK.
• Large investment banking firms like Deutsche Bank, Citigroup, Goldman Sachs, Morgan Stanley, and J.P. Morgan employ graduates of MBA in Finance in the UK.
• The top 10 in-demand jobs in the UK in 2023 are related to finance- Account Manager, HR Director, Operations Manager, and Business Analyst. 
• The UK’s unemployment rate reported in November 2022 is only 3.7%, proving the existence of ample job opportunities in the country for graduates.

MBA in Finance in the UK Highlight

Types of MBA in Finance in the UK

The curriculum of the MBA in Finance in the UK consists of various specializations. The different types of MBA in Finance in the UK are

·         Digital Enterprise and Digital Innovation

·         Marketing Management

·         Human Resource Management

·         Financial Decisiveness in a Multinational Corporate Setting

·         Bank Financial Management 

·         Financial Markets

·         Strategic Management

·         Corporate Finance

Best Universities for MBA in Finance in the UK

Here is a general overview of the top universities for an MBA in Finance in the UK with programs offered, annual tuition fees, course duration, admission deadlines, etc.

Course Curriculum of MBA in Finance in the UK

MBA in Finance in the UK offers a vast curriculum to prepare students for the corporate world. You will learn about the following topics -

·         Risk management, 

·         Portfolio analysis

·         Project Finance

·         Financial Management

·         Principles of Finance

·         International Financial Management

·         Credit Analysis

·         Research Projects

·         Professionalism and Ethics in Finance

·         Performance measurement

·         Regulation in Finance

·         Derivatives 

·         Valuation techniques

·         Research Methods

·         Corporate Finance

·         Investment Management

·         Foundation of Scholarship

·         Investment Banking

·         Private Equity

Eligibility Criteria for MBA in Finance in the UK

Here are the eligibility criteria required to pursue MBA in Finance in the UK.

·         Bachelor’s degree (Hons)

·         English Proficiency Test Scores: TOEFL: 88-100 or IELTS: 6.5-7.5 

·         Minimum aggregate of 65-70%

·         2-6 years of working experience

·         Updated Resume/CV

·         2-3 LORs

·         Official Transcripts

·         Personal Statement

·         Student Visa

·         Valid Passport

Admission Requirements for MBA in Finance in the UK 

1: Documents requirements: 

·         Copy of university transcripts

·         Official translation of documents not issued in English

·         Application essay

·         Proof of English Language Proficiency

·         Work Experience

·         Updated CV

·         Statement of Purpose

·         Evidence of sufficient fund

·         Letters of Recommendation

·         Copy of Passport

2: Exam requirements: You need to take an English proficiency test in case your native language is not English. The required IELTS score is 6.5 or equivalent for admission. You also need to achieve a GMAT exam specified for MBAs, and the required score is 600 and above to get into the top universities in the UK for this course. 

3: Visa requirements: You need to apply for a Tier 4 visa at least 3 months prior to the program start date to study in the UK at the nearest UK embassy in your home country. 

4: Work experience: Work experience can be a valuable addition to your application for admission to a popular program like MBA in Finances. Some institutions require work experience for admission, while some do not require any for admission to MBA in finance. Universities that do not ask for the same are Coventry University, University of Sunderland, London School of Business and Finance, University of Northampton, University of Bedfordshire, etc. Below listed are the universities and their work experience duration requirements.

Admission Process for MBA in Finance in the UK

Most of the universities offering MBA in Finance in the UK require a 4-year undergraduate degree with a minimum aggregate of 65-70%. Upon securing these criteria and any additional work experience criteria, you must follow the following admission process.

• Visit the university website and check the available intakes and application deadlines. The Universities in the UK usually hold admission twice a year for semesters starting in January and September.
• Complete the online application form with the required genuine information and pay the necessary application fee.
• Prepare the documents for admission and submit them. You also need to check the requirements for evaluating your academic documents.
• Upon submitting your application, wait for some time for the admission decision. Meanwhile, you can track the application status.

Cost of Studying for an MBA in Finance in the UK

Cost of studying the course includes visa fees, IELTS exam fees, and other expenses. The student visa fee can be around  363 GBP. Here is a detailed chart of MBA in Finance in the UK fees at the top universities.

Other than the tuition fees, the cost of living for international students can be around GBP 1,120. Here are the average expected monthly expenses.

Scholarship for MBA in Finance in the UK

UK offers some of the best scholarships for the MBA in finance in the UK. The following chart informs about the top scholarships for the course in the UK, their eligibility, and the scholarship amount offered. 

Job Scope for MBA in Finance in the UK

Scope of MBA in Finance in the UK is vast. Students can pursue accountancy, banking, administration, etc., after completing the course. MBA in Finance in the UK jobs, along with their salary, are as follows-