MBA in finance has gained popularity in the past few years. It is a specialization in MBA, which help you dive deeply into finance-oriented fields. The degree helps you learn about the core concepts of financial and risk management.
With time, the UK has become one of the most attractive countries for pursuing an MBA in finance. It attracts students from worldwide and provides them the best environment to learn about techniques of finance. If you are planning to specialize in MBA in finance, keep reading.
Why Study MBA in Finance in the UK?
The UK is known for its affordable tuition fees, which encourage students to apply to universities in it. It is one of the famous destinations for international students for the following reasons:
- Short Course: The duration of an MBA in finance is 12 months, which makes the program cost-effective. MBA in the UK is generally completed in 1 year.
- Education System: Universities of the UK are famous worldwide for providing a world-class education to students. The institutions lie under the top 100 universities across the world. Along with this, the country also offers prestigious accreditation.
- Excellent Job Opportunities: UK is among the top business and finance countries. Companies like Google, Amazon, etc., offer high-salary jobs.
- Easy Admission Process: Compared to other countries, universities in UK have a simple admission process which minimizes the extra hustle.
Eligibility Criteria for MBA in Finance in UK
Eligibility criteria defer with different universities. But some of the standard requirements are as follows:
- Bachelor’s Degree: To get admitted to a university in the UK, you need to have a bachelor’s degree from a recognized college. Many institutions doesn’t require the undergrad degree, but it is recommended to have one. It increases the chances of getting into the college.
- English Language Proficiency: It is mandatory to give English proficiency tests like IELTS, TOEFL, etc. Business schools accept the application with the required score.
English Language Proficiency tests help institutions to make a better decision while processing the applications. UK is English speaking country and speaking English helps to understand the study environment.
- Work Experience: Not all universities ask for work experience, but applying is valuable. However, some top universities like London business school and Imperial College prefer candidates with work experience.
- Visa Requirements: For international students, a student visa is very necessary to study abroad. It helps international students to study and live in the country and allow to work for some duration as well.
UK universities allow students to take admissions with the proper visa. There are various documents that you need to get your student visa.
Cost of Studying for MBA in Finance in UK
When moving to a new country, the cost of living and studying plays a very significant role. Expenses like accommodation, food, transportation, stationary, and healthcare are significant expenses other than tuition fees. In the UK, the tuition fee for pursuing MBA in finance is £31,500 – £97,500. Tuition fees of public universities are comparatively lesser than private universities.
The cost of living generally depends on the location you choose. There are a variety of locations in the UK which differ in cost of living. The accommodation cost is around £1,015 per month, i.e. £12,180 per year.
Top Universities for MBA in Finance in UK
A degree in MBA is prevalent. There are some top universities in the UK for MBA in finance. Some of them are given below:
- London Business School
London Business School is one of the top private universities in the UK for pursuing an MBA in finance. The university ranks 2nd in the world. It provides a 2-year, full-time program. The annual tuition fee of London Business School is £97,500.
Eligibility Criteria
- Minimum GMAT score of 600
- Average work experience of 5 years
- Undergrad degree
Scholarships
Given below are the scholarships provided by the institution:
- BK Birla Scholars Programme
- London Business School Fund Scholarships
- SARI Foundation Trust Scholarship
- Imperial College Business School
Imperial College London is a top 10 university worldwide. It ranked 6th in the QS World University Rankings in 2023. The duration of the program is 12 months. Imperial College provides full-time program with annual tuition fee of £57,2000.
Eligibility Criteria
- Minimum GMAT score of 600
- 3 Years of work experience
- IELTS score of 7.0 or above
Scholarships
- Dean’s Impact Scholarship
- Imperial Excellence Scholarship
- Imperial Loyalty Bursary
- University of Birmingham
University of Birmingham is one of the most famous universities in UK for pursuing MBA in finance. It offers AACSB, AMBA, and EQUIS accreditation. The university provides a full-time program with the annual fee of £31,500. The duration of the course is 12-21 months.
Eligibility Criteria
- A Bachelor’s degree
- 5 or above years of work experience
- IELTS score of 7.0 or above
Scholarships
- Birmingham Business School MBA Scholarships
- Claire and Sean HEnry Scholarship
- London School of Business and Finance
London school of Business and finance is one of the best online universities to provide education worldwide. It offers a Global MBA program with a specialization in Financial Management. It is a public university with the annual fees of £52,942. The duration of the course is 10-16 months.
Eligibility
- Undergrad degree
- IELTS score or 5.5 or above
- Work experience is recommended but not required
- Bayes Business School
Bayes Business school is a top-ranked university, which is famous worldwide. They provide the best business environment. It is a public university with the annual tuition fee of £47,000. The duration of the program is 12 months.
Eligibility
- 3 or above years of work experience
- Experience of working with a diverse team
- Undergrad degree
Scholarships
- Entrepreneurship Award
- International Award
- Women in Business Award
- Academic Distinction Scholarship
Job Prospect after MBA in Finance in UK
MBA in finance opens many paths for jobs. Graduates from MBA in finance are eligible for the variety of high-salary jobs worldwide. Various companies like Infosys, HP, Amazon, Google, Accenture, etc. offer good salaried jobs.
Some of the popular job roles are given below:
| Job Title | Average Annual Salary |
| Finance Executive | £105,000 |
| Finacial Analyst | £93,100 |
| Financial Administration | £87,400 |
| Financial Manager | £135,000 |
| Financial Operations Manager | £124,000 |
| Finance Team Leader | £119,000 |
| Financial Project Manager | £104,000 |
| Financial Relational Manager | £120,000 |
Conclusion
MBA in finance from UK can bring drastic changes in the career. With the proper guidance, you can get the best out of the best. The return on investment from the universities in UK is significant. For pursuing a growth-oriented career with the best work experience, UK can be a perfect fit for you.
