Masters in accounting courses allow students to improve their career prospects by equipping them with skills and knowledge that they will need to build a future in the accounts and finance industry.
Be it for academic progress or forging a career as an accountant, a master’s degree in accounting courses help students understand how financial decisions are made in a business environment, along with repercussions on the broader society of financial and corporate decision-making.
The UK is home to 45,000+ accounting firms, 300+ banks and 3.1 million companies, meaning career opportunities for accountancy graduates are plenty. 14 out of the top 100 universities in the world for studying accounting and finance courses are also located in the UK (QS World University Rankings by Subject 2021).
Learn more below about masters in accounting below and begin your application by arranging a free consultation with SI-UK India today.
Gaining MSc Accounting Degree in the UK
To complete a master’s degree in Accounting from the UK, students will need to study MSc in Accounting and Finance, which is the most popular Accounting master’s course. Although, universities such as Cambridge University provide Masters of Accounting (MAcc).
To study MSc in accounting and finance, candidates need to have a sound knowledge of technical accounting and should have completed their bachelor’s degree in accounting or relevant courses.
At master’s level, students will be provided with theoretical and practical knowledge that will help them to build and brush up their existing skills and accounting knowledge. The course is designed to improve intellectual and transferable skills that include presentation, analysis, appraisal and research skills.
MSc in accounting and finance address the issues present within the business scenario and how to overcome the social, technical and economic challenges.
Upon completion of the course, students will be familiar with the theoretical complexities of accounts and finance. Candidates will also earn the required theoretical knowledge and practical skills to resolve the day-to-day issues faced as an accountant.
- MBA Accounting
MBA Accounting trains students for a managerial position in an organisation with a focus on accounting. Important topics that are covered under the MBA in Accounting are Management Accounting, Financial Management, Managerial Economics, Research Methodology, and Human Resource Management.
Entry Requirements for International Students to Study Masters in Accounting in the UK
To study a postgraduate course in accounting across any UK university, international students need to have a bachelor’s degree in Business, Mathematics or Accountancy from a recognised university with a score of 60% or above.
To apply across the top UK universities for accounting, candidates are required to have a high CGPA score of 7.5 or 8/10.
- Typical International Baccalaureate requirements: Minimum 35 points.
- Typical A-levels requirements: AAB and studying at least one of Accountancy, Business or Mathematics.
Typical English Language Requirements for Studying PG in Accounting
- IELTS: 6.5 overall with at least 6.0 in each component
- Pearson Test of English (PTE) Academic: 62 overall with at least 59 in each component
- TOEFL-iBT: Score of 79-93 or above
Documents Required to Apply for Masters in Accounting in UK
- Letter of Recommendation (LOR)
- Statement of Purpose (SOP)
- Transcripts of all educational qualifications
- Scores of Accepted English Language Test
- Updated CV
- Passport copy
- Passport size photographs
- Financial documents (loans taken, income tax details, bank statements)
Cost of Studying Masters in Accounting
The cost of studying master’s in accounting depends on the course types and fees. The average fees for studying master’s in accounting can begin at £14,000 and go as high as £65,150.
Top Universities for Masters in Accounting in the UK
According to the Guardian University Guide 2022, the top universities to study Masters in accounting in the UK are:
- University of Glasgow
- London School of Economics
- University of Bolton
- Aberystwyth University
- University of Bath
- University College London
- University of Leeds
- University of Strathclyde
- University of Warwick
- University of Exeter
Study Masters in Accounting in the UK
To learn more about studying accounting masters courses in the UK, book your free consultation with SI-UK India's study abroad experts today.