ScriptStudy Accounting and Finance in the UK: Eligibility, Fees & Top Universities
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Accounting and Finance in the UK

Accounting & Finance involves the concepts of money, business and management, with an emphasis on professional careers in these areas. Accounting narrates the information analysis for different aspects of a business, while finance primarily concerns a business' monetary funds.

Studying Accounting & Finance could be ideal choice for you if you enjoy maths and want to apply its principles in the business, whether that's management, business law or economics.

You'll also enjoy:

  • Excellent graduate schemes and work prospects – studying Accounting & Finance could give you the opportunity to work for an established company with a structured training programme and clear career progression.

  • The scope to work in any industry – businesses in every sector need someone to crunch their numbers. Hence it’s not sector specific.

  • Internationally diverse cohort - Subjects that come under the broad range of Business and Administrative Studies, including Accounting & Finance, benefit from the most culturally diverse student cohort of all. Over 55,000 of the UK's students in this area come from overseas. A diverse cohort will not only give you a global mindset but can provide you with an international network of contacts.

  • Joint degrees - Accounting & Finance complements other subject areas well, particularly those which fall under the large umbrella of business. A number of UK universities offer Accounting & Finance joint honours degree courses so you have an option to explore other passions. So whether you want to become a businessman or an accountant with a second language (mostly useful in a global marketplace), there’s plenty of combinations to choose from.

  • Real life application- Accounting & Finance degrees often take a favourably practical approach. Universities ensure that their students learn by doing through virtual or real-life opportunities to manage business accounts. Many Accounting & Finance courses have an optional placement year, so you’d come out of university with a degree and a year of industry experience.

Career options and average salary of accounting and finance graduate in the UK

Opportunities are widely available with:

  • accountancy firms

  • building societies

  • high street banks

  • insurance companies

  • investment banks

  • management consultancies

  • public sector employers.

The main graduate recruiters are the large multinational accountancy firms. They use large-scale recruitment campaigns to attract the most promising graduates and have high entry requirements. There are also opportunities in small to medium-sized enterprises (SMEs) that specialise in a particular type of work or local area.

In the UK, a cluster of public sector jobs are also available in central London with others available nationwide. Because of the broad nature of this profession, employment opportunities are available at a range of different companies and sectors and salaries can be highly competitive.

  • Average starting professional salary: £22,000/annum

  • Average starting non-professional salary: £18,000/annum

Accounting and Finance entry requirements for the UK universities

Application to accounting and finance courses in the UK universities generally need students to have a strong background in mathematics and a good score in English subject.

Entry requirements will be different from university to university. Top ranking universities in the UK will have higher entry requirements than others. An international student will need to meet the English Language Requirements to get a Tier 4 (General) student visa.

Entry Requirements for Students from India

Undergraduate:

Students who completed Higher Secondary School Certificates at the end of Standard XII will usually be eligible for entry to the first year of undergraduate courses.

A typical offer will be made on the grade range from 80% (equivalent to ABB at A-Level) to 90% (equivalent to A*AA at A-Level)

Postgraduate:

Students who have completed a minimum of a three-year degree and who have obtained first class at a reputable university are considered for direct admission in postgraduate study.

The standard requirement for entry to a postgraduate taught master’s programme is an undergraduate degree that is equivalent to a UK upper second-class degree (also known as a 2:1).

Further study

Accountancy and finance graduates often go into posts that require further professional accountancy qualifications, such as the:

  • Association of Chartered Certified Accountants (ACCA) qualification

  • Chartered Institute of Management Accountants (CIMA) professional qualification

  • Association of Accounting Technicians (AAT) qualification.

Cost of studying Accounting and Finance in the UK

Irrespective of the degree, the costs of pursuing a degree is never cheap.in the UK. However, the costs that come with a degree in accountancy and finance in the United Kingdom is well worth the experience, exposure and accreditation that they offer with the degree. The top universities which offer accountancy and finance courses in the United Kingdom, along with their tuition fees for international students, are:

  • Bath University – £17,700/year (top university of choice for accounting and finance)

  • Loughborough University – £17,500/year (second top university for accounting and finance)

  • Leeds University – £17,500/year

  • Strathclyde University, Scotland – £14,050/year

  • Buckingham University – £15,400/year

On average, the cost of studying accounting and finance in United Kingdom is £17,000 a year. Duration of study is between three to four years depending on whether the university offers a work placement as part of the graduation requirements, along with your personal choice.

Other top UK universities to study accounting and finance courses are:

  • University of Leeds

  • University of Glasgow

  • University of Bath

  • University of Strathclyde

  • Loughborough University

  • London School of Economics

  • University of Birmingham

  • University of Chester

  • University of Warwick

  • University of Exeter

Scholarships available for studying Accounting and Finance in the UK

Every year, UK and Indian governments, universities and private organisations make a limited number of scholarships available to students who wish to study in the UK.

Because of the limited availability, competition can be aggressive. Some scholarships are for students who needs financial support to study in the UK, and some are for academic excellence, but all will enable you to ease off the financial burden of how to cover the expense of studying in the UK.

Popular Scholarship Programmes for Indian Students;

  • British Council

  • Chevening UK Government Scholarships

  • Tata Scholarship

  • Fulbright-Nehru Master’s Fellowships

  • Fulbright Fellowships

  • Erasmus Scholarships

  • Royal Society Grants

  • Hubert-Humphrey Scholarships

  • The Mahatma Gandhi Scholarship Programme

  • Commonwealth Academic Fellowships

  • Commonwealth Split-site Doctoral Scholarship

If you are interested in studying Accounting and Finance in the UK, Book your FREE session with the experienced advisors of Zoom Abroad today. Don't forget to register and create your profile in order to get matched with the best fit UK university and course.

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