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MBA in Finance in UK: Check Universities, Eligibility, Admissions Process & Scholarships

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  • read time3 min Read
  • By:CANAM Group
  • Updated On:Nov 14,2023 12:43 PM IST

The United Kingdom remains a leading study destination among international students. For those considering pursuing an MBA in Finance, it is undoubtedly one of the best places to do so. Read the blog to get complete information on the program eligibility, admissions process, and scholarship opportunities available for an MBA in Finance in the UK.

MBA-in-Finance-in-UK.webpThe UK stands out as a top destination for pursuing an MBA in Finance. With its blend of world-class education, strategic location, and diverse cohort, students are well-placed to kick-start or elevate their careers in the global finance industry. MBA in Finance is a master's degree in business administration that includes finance-related specialised courses.
 
It is a one-year postgraduate degree program that covers core courses in finance, analytics and budgeting. The program curriculum is designed to teach students about the ways 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.

Read the blog to learn more about MBA in Finance in UK, including universities offering the degree, eligibility, documents required, admission process and more.

Why Study MBA in Finance in UK?

• The UK is home to some of the world’s top business schools that consistently rank in the QS World rank list.
• Studying MBA in UK takes a short time to complete compared to other countries.
• Pursuing MBA in one of the UK universities exposes candidates to a world-class curriculum and helps them learn about the core aspects of finance.
• Graduating from a reputable UK business school certainly makes a candidate’s profile impressive in comparison to the competitors.

MBA in Finance in UK: Highlights

Degree TypeMBA with a specialisation in Finance
Course Duration1 year
Program TypeFull time
Admission RequirementBachelor’s degree| Official Transcripts| SOP| LOR|Resume/CV
Popular Entrance ExamsGMAT and GRE 
Work Experience2-5 years
English ProficiencyIELTS | TOEFL
*Approximate Tuition Fee15,000 GBP – 45,000 GBP
*To get real-time program updates, connect with the counsellors at Canam.

Eligibility Criteria for MBA in Finance in UK

In order to study MBA in Finance in the UK business schools, international students are required to fulfil certain eligibility requirements, such as:

• A bachelor’s degree or equivalent from a recognised university
• A minimum of 3-5 years of relevant work experience (if required by the universities)
• Prove of English proficiency through IELTS, TOEFL, or other equivalent exams 
• GMAT/GRE Scores (if required by the university) 
• Valid Passport & Student Visa

Admission Process for MBA in Finance in UK

While the process to apply for MBA in Finance in UK differs from university to university, the common process can be defined as:

• Connect with study abroad consultants of Canam or log on to the website.
• Sign up on the platform and create a profile, filling in necessary details such as educational background, test scores (if any), program preference, etc. 
• Search and shortlist desired MBA in Finance UK Universities based on intakes, fee waivers, tuition fees, etc.
• Start the application process by uploading necessary documents, including academic transcripts, CV, SOP, LOR, and any standardised test scores (if required).
• Keep track of pending and active applications.
• Students may have to appear in interviews if required.
• Wait for the offer letter sent by the admission authority of the applied institutes after thoroughly checking the profile of the candidate.
• As a final step, make payment for the tuition fees and confirm the seat for the course.
• Apply for the student visa with the guidance of counsellor.
• Fly to the country and begin the session.

Universities for studying MBA in Finance UK

University NameCampusCourse Offered
University of BedfordshireLuton CampusMaster of Business Administration in Finance
University of Greenwich Greenwich CampusMaster of Business Administration in Finance
University of HertfordshireDe Havilland Master of Business Administration (Financial Services)

Scholarships for studying MBA in Finance in UK

International students planning to study in UK can find numerous scholarship options available at various levels. Here are some notable ones:
 
Commonwealth Scholarship: Students from Commonwealth countries can apply for this scholarship to lower the financial stress on their pockets. The applications to study for a post-graduate degree with Commonwealth scholarships open from September each year.

Chevening Scholarships: This scholarship is sponsored by the UK government and covers tuition fees, travel and accommodation expenses of international students who plan to begin a one-year master’s program in the UK. 

University-specific Scholarships: The majority of UK universities offer their own scholarships based on academic excellence, leadership potential, or financial needs of the candidate. Connect with the study abroad consultants at Canam to know about the scholarship options.

Jobs opportunities after studying MBA Finance in UK

MBA in finance in UK.webp


Conclusion


Pursuing MBA in UK is certainly an opportunity of a lifetime for any international student. Remember to start the preparations early, keep in mind the eligibility criteria, and watch for scholarship opportunities to make the most of your MBA journey in the UK. To search and apply to the programs and institutes of choice, connect with the expert study abroad counsellors at Canam or log on to the official website today!

FAQ

The GMAT score requirement to apply for MBA in UK varies from institute to institute, which is why it is recommended to connect with expert study abroad consultants who have thorough knowledge of the admission requirements of every institute.
Yes, many UK universities offer scholarships specifically for international students pursuing MBA. These can be based on merit, financial need, leadership potential, or specific regional allocations.
While most UK universities require candidates to have work experience in the same or related sectors, some universities accept admission without any work experience. Students should check the admission guidelines of the respective university before making any application.
Candidates are advised to start the application process at least 4 months before the commencement of the program in their preferred institution. 
The approximate average annual cost for MBA in Finance in UK ranges between 15,000 GBP – 45,000 GBP. The cost majorly depends on the type of institution a student plans to apply for, along with factors like living costs, travel expenses, etc. 

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