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Masters in Accounting in UK is a 10-12 months graduate program offered on a full-time and part-time basis. Among all the top universities in the UK offering masters in accounting, the University of Cambridge offers only a part-time program of 2 years duration. The average annual tuition fee of universities offering masters in accounting in UK is 25,000 GBP.
Pursuing a career in accounting in UK can earn you handsome salaries, which may depend on the type of work you pursue. Accountants in practice earn 55,030 GBP while industry accountants earn an average of 68,004 GBP, hence, constituting a 24% difference. As per Prospects.UK, 70% of the accounting graduates choose to work as an employee in an organization.
- The average annual salary offered to accountants is the highest in London ie. 79,207 GBP, while Wales has the lowest average salary, of 41,129 GBP, in comparison to the overall average of 62,042 GBP.
- The program covers a wide range of topics within the disciplines of accounting and finance, including corporate reporting, auditing and assurance, taxation, finance, business strategy, business management, and professional ethics
- Applicants for admissions to masters in accounting in UK are required to have an upper second class bachelor’s degree in relevant subjects. (60% or more).
Why Study Masters in Accounting in UK?
- Around 8 universities of UK are ranked among the top 50 global universities for accounting & finance programs, according to QS News Ranking.
- An additional demand of 80,000 accounting professionals is expected by the end of 2050. (Prospects.UK)
- Masters in Accounting from the UK can progress careers in one of the best and largest sectors in the world, the London financial sector.
- The annual salary of entry-level accountants ranges from 35,000 GBP to 45,000 GBP, with an increase to 70,000 GBP within four years of employment and 100,000 GBP for senior roles.
- Accounting professionals in the UK can earn up to 122,000 GBP annually as federal/government employees. In the private sector accounting professionals can earn up to 117,000 GBP.
How To Apply for Masters in Accounting in UK
Students can apply for masters in accounting in UK directly through the university’s application portal. For applying to UK universities, you are required to do the following:
- Make an account with the university
- Choose the program of study
- Make sure you fulfill the eligibility criteria
- Apply via university portal/online application form
- Submit documents and proofs required
- Submit application fee
- Submit the application form
Eligibility Criteria for Masters in Accounting in UK
Applicants are required to fulfill the following general and university-specific requirements to study in the UK.
- Educational background of 16 years, with a breakup of 10+2+4
- A 4-year bachelor’s first-class degree in a relevant field from a recognized university is always preferred.
- If you have a bachelor’s degree in any other field with proficiency in the fundamentals of accounting, you can still apply for the program.
- Fulfill minimum test score requirements to demonstrate proficiency in the English Language
- Work experience in accounting, audit, finance, computer science, engineering, applied mathematics or other relevant fields is an added advantage to secure admission to the program
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