The Benefits of MSc Accounting and Finance
- Limitless employment prospects because most businesses require the service of a professional accountant.
- Provides students with job security because regardless of the technological advancements, the demand for experienced finance professionals and accountants will remain high. A career in a certain sector can ensure you receive a secure career.
- Obtaining a master’s degree like MSc Accounting and Finance for a person currently working as a finance professional or account can help them increase their knowledge, improve their competence, and open new doors for career opportunities.
What Are Accounting and Finance?
MSc Accounting and Finance programmes in the United Kingdom help students gain unique and different perspectives and knowledge on political science, mathematics, economics, sociology, and psychology. Through the course, students will learn to prepare and read financial information along with receiving a practical and theoretical understanding of the important and key financial practices.
International students aspiring to pursue a master’s degree in accounting and finance need to meet the following requirements:
- International Baccalaureate Requirements – Students need a minimum of 3 points.
- A-level Requirements – Students require AAB and need to have studied at least one of mathematics, accountancy, or business.
- IELTS Requirements – Students coming from abroad to study MSc Accounting and Finance in the United Kingdom need a score of 6.5 overall, and in all four components, the score should not be less than 6.0.
Accounting and Finance Intakes and Fee Structure
Most UK universities offer a one-year, full-time accounting and finance programme costing up to£37,500 on average.
What Do Accounting and Finance Entail?
Most UK universities offer a Master’s in Accounting and Finance, covering a wide variety of topics from statistics, bookkeeping, and credit and financial analytics. Students will learn about the financial and economic practice, which will help them gain a better understanding of the various subjects they will study later on in the programme.
Accounting summarises, analyses, and reports the financial transaction to permit informed decisions and judgment by users using the data and information whereas finance sees how investors and company managers make financial decisions, how financial markets operate, and how they manage the risk level.
From the programme, students will continue to gain a better understanding of corporate finance. Masters in accounting and finance will expand your understanding of the subject, advance your qualifications for important leadership positions, expose you to new and advanced concepts, prepare you to see a bigger picture of accounting processes and systems, and give you the strategic skills needed to meet the growing demands of a continuously evolving economy.
Most universities in the UK may provide students with optional modules to choose from for further study. The programme will conclude with students working on a project or dissertation.
When Should You Consider Taking Accounting and Finance?
Students should consider taking accounting and finance if they have an interest in banking, accountancy, insurance brokering, financial trader, financial advisor, chartered accountancy, tax advisor, and investment analyst.
Students who want to advance their skills in taxation, auditing, and financial and cost accounting can enrol in a master’s programme in the United Kingdom and secure a senior job role in either the public or private sector.
UK Universities for Accounting and Finance
Here are the three UK universities offering an accounting and finance programme:
Queen’s University Belfast
The university offers an MSc in accounting and finance. They provide a full-time, one-year programme to students interested in increasing their knowledge and understanding of accounting and finance. The programme is taught by leading professionals and academics in the accounting and finance industry.
The Complete University Guide 2021 ranks the UK university’s accounting and finance programme in the sixth position. Their master’s programme is ACCA accredited, which is a globally recognised body for accountants.
Additionally, their programme is part of the CIMA, which is a route that enables students to enter through it. Students will also receive the incredible opportunity to learn from academics and industry professionals who routinely deliver talks and guest lectures.
University of Liverpool
The university offers an MSc in accounting and finance. The full-time programme prepares students to think creatively and understand the risk and uncertainties within an organisation better. It enables students to understand the important role accounting and finance play in the organisation to ensure its success.
Students will create research-based reports in modern organisations. Through the programme, students can develop the skills needed to pursue a PhD. in popular educational institutions in the UK. Moreover, the programme makes them a top candidate for employers to hire.
The university aims to equip students with comprehensive knowledge and understanding of all current issues involving finance and accounting using research-based learning and teaching methods. The programme combines the conceptual and theoretical understanding of present links and issues and teaches them how to apply them to the financial market.
De Montfort University
The university offers an MSc in accounting and finance with a focus on preparing financial professionals and teaching them the skills they need to get further in their careers. The educational institution’s one-year, full-time programme allows students to design their own courses by selecting and combing core and optional courses.
Through the programme, students can develop an in-depth understanding of the subject, including issues impacting the private and public sectors on both a national and international level. The programme gives students access to the Executive Business Simulation, software that helps people meet deadlines, work as a team, and build team leadership skills via role-play. The university provides students with a trading room to help them become more knowledgeable on applied trading concepts and give them access to industry-standard methods and tools. Other areas of focus include data structuring, visualising, and modelling techniques.
Do you want to enrol in an MSc Accounting and Finance programme at a university in the United Kingdom?
If you want to pursue a master’s degree in accounting and finance, you can look through the various universities in the UK offering your desired programme and then apply through us. We can help you with the entire application process from start to finish.