Masters in Accounting in UK: Subject Guide for International Students

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. 

Masters in Accounting in UK: Top Universities

Some of the top accounting schools in UK offering a master’s degree are briefed below along with the program details and fees. 

MSc Accounting with Placement in UK

MSc Accounting with placement in UK is specifically designed for addressing the demand for qualified professionals in this field and for giving students a kind of competitive edge in their careers. MSc Accounting with work placement in UK is for twelve months, starting only after the students complete taught modules successfully and before the dissertation phase. Nevertheless, it is the responsibility of the students to secure their placements. Universities dealing with Masters in Accounting with internship in UK generally have the responsibility of offering support and guidance along with suggestions to the students. They bring the students face-to-face with their industrial partners, leaving everything to the student and the company relation and on how they carry on with the placement facility. During the placement period, students undertake internships within partner companies of the concerned university. In some universities in UK, the eligibility for progression to placement is completing the Masters in Accounting successfully with at least 50% scores. The program has one year of theory and one year of internship (which is not compulsory to complete the degree). The fees for second year would be few thousand of Euros extra. Universities offering MSc Accounting with placement in UK are: