Accounting – MSc

Overview

An individual, who wants to study for the specialist MSc Accounting course and explore career prospects in the accountancy profession must  look for UK universities . The UK University has always been a great field of business study that challenges over the years. The best way for accepting the challenge is to look for courses, or institutes which offer a well-acclaimed certification.

Over here, new placement in business studies enhances graduate employment prospects. The expert as well as industry-experienced tutors, and influential guest speakers of the Universities provide up-to-date research activities as well as an excellent learning environment. Moreover, an extraordinary Lab along with strong local and London-based professional connections enhance students’ interest.

The Benefits

Limitless employment prospects because most businesses require the service of a professional accountant.

The demand for experienced accountants will remain high which make sure a secure career.

Obtaining a master’s degree like MSc in Accounting opens the new door for career opportunities and helps them to increase their knowledge, and improve their competence.

The specialist MSc Accounting course is the way students gain a practical and theoretical understanding of the important and key financial practices as well as life-changing skills .

Program Details

This program is designed with all basic knowledge of accounting. Those who want a career in the accounting profession can choose it. This course will also help to understand the complexity of global financial markets, business concepts, and financial system operations. Therefore, students will learn how to cope with the changes and bustling nature of the finance world. Some of the latest courses are given below:

Corporate Financial Reporting

Qualitative Research Methods

International Accounting Practice and Regulation

Quantitative Research Methods in Accounting

Assurance and Credible Corporate Reporting

Financial Statement Analysis

Corporate Governance

Elements of Market-Based Accounting Research, and so on.

Entry Requirements

The UK University requires students with a business studies background or a degree in accounting or an overseas equivalent. Generally, a minimum of 2:2 bachelor’s degree in Accounting or Business-related discipline is accepted.

Excellent results in accounting subjects get priority.

Students from business administration, business management or commerce, and economics also can apply.

Students who have gained a well-balanced score in GMAT or GRE in the quantitative sections are welcomed; a GMAT of 600 -800 (recommended).

English Language Proficiency Tests: IELTS 6.5 overall with a minimum of 5.5 in each element. TOEFL and other tests are accepted with good points.

Financial affidavits.

Reference letters.

University-specified statement of purpose.

Tuition Fees

The international tuition fee is for MSc in Accounting is £13,900-£25,000. The fees included the course tuition, administration, and computational costs during studies.

Scholarships on Accounting Course

The UK University offers several scholarships, bursaries, grants, and additional financial support for the international student. Students who want to be specialized in this field can apply within the deadlines. For instance, EY Assurance Scholarship, JSCCA Bursary, ICAS Foundation Bursary , Mark V Williams  Undergraduate Scholarship  – UEA, Director of Programmes (Accounting & Finance) Scholarship– BPP University, Nexen Petroleum UK Ltd Scholarship – University of Warwick.

Apart from that, there are several scholarships available in UK Universities:

Academic Excellence Scholarships

Personal Circumstances

Financial Need

Industry scholarships

Marketing led scholarships

Charitable purposes, and so on.

Employability & Accreditation

MSc in Accounting opens the door to a lucrative career in the UK and internationally. 100% of postgraduate Business students are employed in various business sectors or organizations 15 months after graduating (2017/18 Graduate Outcomes data). Students who are interested in banking, accountancy, insurance brokering, financial trading, financial advisor, chartered accountancy, Forensic accountant, Stockbroker, tax advisor, and investment analyst must choose the course. Last but not least, there is a ‘Professional Accreditation’ offered by the ‘University of Essex’. Students will appear in fewer exams after graduation and be able to gain certification from The Association of Chartered Certified Accountants (ACCA).

The famous UK universities are mentioned here that offer accounting programs:

Queen’s University Belfast

University of Liverpool

De Montfort University

University of Manchester

University of Edinburgh

University of Warwick

City University of London

Lancaster University

University of Birmingham

University of Bristol

Cardiff University

University of Essex

FAQ's

What are the requirements to study accounting in UK?

Applicants should have the literacy and numeracy skills necessary for the position (equivalent to a GCSE/iGCSE English Language grade of B or 6, and a GCSE/iGCSE Maths grade of A or 7). How many years does it take to study accounting in UK? Earning a BA or BSc in accounting takes three years of full-time study. Due to the competitive nature of the accounting employment market, you may consider taking an additional year to complete your degree at an institution that offers a work placement.

Are accountants in demand UK?

Finance and accounting graduates still have a bright future. The widespread lack of skilled workers may be a problem for certain businesses, but its good news for ambitious workers. Visit the Hays pay checker to learn more about your potential earnings.

Does accounting pay well UK?

Salary estimates for recent graduates range between £30,000 and £40,000. Earnings potential during training can average up to £65,000.

What are the benefits of studying accounting in the UK?

Studying accounting in the UK offers several advantages. Firstly, the UK is home to many prestigious universities and institutions that provide high-quality accounting education. Secondly, the UK has a well-developed financial sector, offering abundant career opportunities for accounting graduates. Additionally, studying in the UK allows students to gain exposure to international accounting standards and practices, making them highly sought-after professionals in the global job market.

Is work experience necessary for a career in accounting in the UK?

While work experience is not always a strict requirement, it is highly beneficial for a career in accounting in the UK. Many employers value practical experience and may prefer candidates who have gained exposure to the industry through internships or part-time roles.

Can I settle in UK after ACCA?

If you are a citizen of a country outside of the UK and want to settle there permanently, you will first need to apply for and be granted an immigrant visa.