This blog contains all of the information you need to know before pursuing your master's degree in accounting in the UK. This blog will cover everything a reader needs to know for a master's degree in accounting. Maxxcell invites you to embark on a fantastic journey in the United Kingdom.
Accounting is regarded as one of the most significant disciplines of the financial industry. Financial accounting is the systematic recording and reporting of an organization's financial transactions for any external stakeholder who is reviewing the records to have a fair understanding of the organization's financial position and transparency. Accounting include the maintenance and timely updating of accounts, guaranteeing payroll accuracy and record keeping, assisting management by generating correct budgets, evaluating financial information for mistakes, and many more tasks and duties.
Accounting is now one of the most important employment responsibilities in the UK job market, as finance has become one of the fastest-growing sectors of the economy. The UK school system offers over 250 distinct kinds of Masters in Accounting degrees. When it comes to the return on investment of a Masters in Accounting in the UK, tuition expenses vary from 16,000 GBP to 42,200 GBP, while graduate salaries range from 32,000 GBP to 69,500 GBP. This may be described as a favorable return on investment ratio.
The UK grants overseas students with a post-study work visa for up to two years after completing a master's degree, allowing them to have entire exposure to the UK's financial sector.
Here are some popular universities for Masters in Accounting in the UK and their Annual Tuition Fees.
|
University |
Tuition Fees per year |
|
Imperial College London |
£45,400 |
|
University of Manchester |
£34,500 |
|
London School of Economics and Political Science |
£26,784 |
|
University of Edinburgh |
£39,500 |
|
Bayes Business School |
£33,300 |
|
Warwick Business School |
£40,700 |
|
University of Bristol |
£39,000 |
|
University of Birmingham |
£27,932 |
|
Cardiff University |
£29,200 |
|
Cranfield School of Management |
£32,445 |
(Reference: Official University Websites, Dated 24th February 2024)
In the UK, there are two main admissions for Masters in Accounting: September, sometimes known as the autumn intake, and January, usually known as the spring intake. The qualifying conditions are straightforward.
The candidate must have a bachelor's degree with a minimum GPA of 60% and relevant accounting or business management experience.
The majority of UK colleges need a GMAT score of 650 or above. As confirmation of English language competency, the candidate must have an IELTS or TOEFL score of 6.0 to 6.5 out of 0.9 overall bands. These prerequisites may alter depending on the universities picked by the applicants. So, before applying to institutions, candidates should review the entrance criteria.
LORs and SOPs are critical supporting papers that must be supplied throughout the application process for profile review. Some admissions are granted by the university based on appealing SOPs and strong profiles. This emphasizes the necessity of producing appealing SOPs and developing your student profile.
There are around 550 Masters in Accounting scholarships available in the United Kingdom. The program offers both monetary and qualitative advantages to students. The award criterion may differ from institution to university, since universities give the majority of scholarships. For assistance with your scholarship process, Contact Us!!
With considerably rising finance and accounting prospects, a high return on investment, a diverse selection of alternatives, and flexibility in qualifying requirements across colleges, the United Kingdom is an excellent choice for a student looking to pursue accounting studies overseas. For assistance with your application for a Masters in Accounting from the UK, (book a free appointment with Maxxcell) for counselling and preparation for the GMAT and IELTS and TOEFL preparation.