A Masters in accounting allows 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 postgraduate accounting courses and begin your application by arranging a free consultation with SI-UK London today.
Gaining MS Accounting Degree
To study a MS accounting degree in the UK, students will need to have first studied MSc in Accounting and Finance, which is the most popular master's degree in accounting. Although, universities such as Cambridge provide the 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 Accounting addresses 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.
Entry Requirements to Study Masters in Accounting in the UK
To study postgraduate courses in Accounting across any UK university, applicants need to have a first or upper second class honours degree (2:1, with 60% average) in accounting. Students also need to secure a good GMAT or GRE and anticipate a well-balanced score with a strong performance in the quantitative sections.
Documents Required to Apply for Masters in Accounting in UK
- Personal statement
- Transcripts of all educational qualifications
- 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 ranges from £14,000 to £65,150.
Top UK Universities for Masters in Accounting
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 masters in accounting in the UK, arrange your free consultation with SI-UK London today.