Unlock your path to success with a Masters in Accounting degree from the UK

If you are good with numbers and have an aptitude for managing accounts, why not use this to get to higher level positions with attractive salaries? With a Masters in Accounting degree from one of the world-class UK universities, you can make this a reality. The masters in Accounting is a postgraduate-level program for mostly 2 years. The course is designed for students who wish to advance their knowledge and skills in mathematics and accounting. This article outlines how and where to pursue a Masters in Accounting in the UK.

Why Study a Masters in Accounting in the UK?

There are several reasons why UK universities are among the most preferred choice for international students. Explained below is why a Masters in Accounting in the UK is a good choice:

  • 14 UK universities rank among the top 100 international universities for Accounting as per QS World University Rankings 2023.

  • UK's top universities produce numerous Accounting graduates annually, who then find employment in diverse industries across the market.

  • The financial industry in London is the largest in the world.

  • UK universities are equipped with the finest technology and infrastructure for international students and boast world-class teaching faculty.

Accounting Courses in the UK for International Students

The UK is highly preferred for Finance and Accounting programs owing to the country’s status as one of the world’s largest financial hubs. This allows students of Accounting ample exposure to the accounting industry and varied financial markets, which in turn provides them an edge over peers in the international job market.

Among the many Accounting courses offered at top UK universities, MSc in Accounting and Finance is among the most sought-after. This postgraduate-level course is best for students looking to take their accounting knowledge and career to the next level. Some of the core specialisations of the course are as follows:

  • Management Accounting

  • Financial Management

  • Behavioural Finance

  • Financial Reporting and Analysis

  • International Finance

  • Auditing and Assurance

  • Forensic Accounting

Cost of Studying Masters in Accounting in the UK for Indian Students

The annual tuition fee of the program at different UK universities is likely to differ as per the design of its curriculum. However, the average total fees for MSc Accounting and Finance in the UK is estimated at GBP 16,500 per year.

Related Source: https://www.northampton.ac.uk/courses/accounting-and-finance-msc/

Disclaimer: The figure given is indicative only. Please check with your study-abroad expert for the exact fee structure of your course at the UK university you have applied to.

Eligibility Criteria and Admission Requirements to Study Masters of Accounting in the UK

Every university in the UK may have a different set of admission criteria defined for students applying to the various programs. Given below are some of the standard and most acceptable Masters in Accounting requirements in the UK for allowing entry to international students. These may vary from one university to another; hence, do check with your study-abroad expert for the eligibility criteria for your university.

  • First division or an aggregate score of 65%-80% is generally acceptable in class 12

  • International students must also prove proficiency in the English language, for example an IELTS Test Report Form with an overall 7.0 and no other element below 6.5

Related Source: https://www.alliancembs.manchester.ac.uk/study/masters/masters-entry-requirements/international-entry-requirements/
https://www.alliancembs.manchester.ac.uk/study/masters/masters-entry-requirements/

Top Universities / Colleges for Accounting Masters in the UK

The UK is home to many top-ranked universities as per QS World University Rankings 2023. A lot of these universities offer Masters courses in Accounting for international students. Listed below are some of the high-ranked universities offering Masters in Accounting colleges in the UK for your reference:

Related Source: https://www.topuniversities.com/university-rankings/university-subject-rankings/2023/accounting-finance?countries=gb

Career Prospects in the UK After Pursuing Masters in Accounting

The accounting industry in the UK creates a wide demand for those graduating with a Masters in Accounting from the recognised UK universities. These graduates are entitled to apply for top job roles as the following:

  • Company Secretary

  • Stockbroker

  • Finance Director

  • Chartered Accountant

  • External Auditor

  • Finance Manager

  • Investment Banker

The average salary of an Accountant in the UK per month is estimated at GBP 2,557. This is indicative only and is to be used for reference purposes. For a more accurate estimate of the expected salary after completing a Masters in Accounting in the UK, speak to your study-abroad expert.

Related Source: https://uk.indeed.com/career/accountant/salaries

FAQs

1. Is there any 1-year Masters course in Accounting in the UK?

Yes, some renowned UK universities offer students the opportunity to complete the Masters in Accounting program within 12 months.

2. What is the difference between an MBA and a Masters in Accounting?

An MBA program in Accounting generally offers a more diverse and broader perspective of the subject area of study, while a Masters course imparts more specialised knowledge and specific skills in the discipline.

3. What are the eligibility criteria for a Masters in Accounting in the UK?

Different universities offering the course have different entry requirements. The standard criteria include completion of a Bachelor’s degree in Accounting or a related field of study and an overall 6.5 on the IELTS Test Report Form for English language proficiency.

Related Source: https://courses.leeds.ac.uk/f921/accounting-and-finance-msc#applying

4. Does admission to a Masters in Accounting in the UK need prior experience?

Some UK universities may demand prior work experience in a relevant industry for entry into the MS Accounting program, while some others may give preference to those students who have professional experience in the domain as a competitive edge over the others. You may check with your study abroad expert for the accurate entry requirements for your course.

5. What are the benefits of pursuing a Masters in Accounting in the UK?

One of the key advantages, among many others, is that the UK is one of the largest and most popular financial hubs in the world. This invites and attracts students from all over the globe to study postgraduate Accounting courses in the UK as it would provide them exposure to the country's financial markets and also give them an edge in the global job market.

6. What is the difference between a Masters of Accounting and a Masters of Finance?

A Masters in Accounting course generally has a narrow and more specific focus on only accounting-related matters of an organisation, such as how it utilises the funds, sources of investment, and the like. A Masters in Finance, however, primarily focuses on the specific theories of finance, using the knowledge of mathematics to determine the allocation of assets and management of investments.

Updated on Dec 17, 2024

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