Top Master’s Degree in Accounting Programs in the UK
Master’s in Accountancy in the UK
Have you recently finished your undergraduate studies, yet still are undecided on the career path that you wish to pursue? Earning a Master’s degree can help to specialise your skills in an effort to make you that much more coveted by prospective employers. However, most feel that earning such a degree locks you into a particular profession or industry. Yet that depends on the type of graduate program you pursue. How would you like to earn a degree that can open op job opportunities in business, government, healthcare and even law enforcement? The ideal academic discipline to offer such flexibility may just be…accounting?
Accounting may not seem to be such a flexible or even exciting field, yet once you start to contemplate the many applications that it can have in various industries, your opinion may quickly change. The skills and knowledge that you gain through a Master’s in accountancy program are highly sought after, and may automatically place you at the front of the line when it comes to filling jobs related to money and finance. Where should you seek such a degree? The United Kingdom offers some of the best accounting graduate degree programs in the world.
What is a Master’s Program in Accountancy?
Most of the Master’s in Accountancy programs offered in the UK take only one year to complete. This may help making the decision to postpone your entry to your career to continue your studies that much easier. To gain admission into such a program, you need to at least have an undergraduate degree or its equivalent. Many schools require that to be Honours degree. If you are coming from a country that subscribes to a different degree philosophy, that is an undergraduate degree supported by strong marks and superior academic performance. In many cases, a graduate school entrance examination such as the Graduate Management Admission Test (GMAT) is not required, but may help to bolster your resume.
The early coursework offered by accounting graduate programs in the UK focuses on developing foundational knowledge in the areas of finance, accounting, markets and securities. Such knowledge is often conveyed through core curriculum such as:
- Corporate financial strategies
- Economic valuation
- Investment portfolio management
- Ethics and professional standards of conduct
Once you have completed your core courses, you typically will move on to an electives module. The coursework in this portion of your program can be customised to bolster your knowledge of a particular area of accounting to how the principles of accountancy apply to a specific industry. Some of the electives available to you may include:
- Corporate law and tax strategies
- Advanced financial statistics and analytics
- Enterprise risk management
- Private equity and venture capital
- Studies in mergers and acquisitions
- Domestic and international monetary regulatory policies
The culmination of your studies is usually a applied economics research project. Such a project is usually coordinated by an academic advisor and allows you to the chance to professional expertise to support your academic achievements.
What Are the Benefits of Getting a Master’s in Accountancy?
Your Master’s degree in accountancy will help prepare you to fill potentially lucrative positions much faster than other graduate degree options. For example, a Master’s in business administration can take anywhere from two-three years to complete. Plus, other advanced degrees often require that you have professional experience prior to applying. Conversely, you can typically pursue a Master’s in accountancy immediately upon completion of your undergraduate studies.
The UK offers several world-class accountancy graduate degree programs for you to choose from. The following schools all rank in the top 30 of the Times World University Rankings of Master’s degree in accountancy programs:
- The University of Oxford
- The Imperial College Business School
- Keele University
- The London School of Economics and Political Science
- The University of Edinburgh
- King’s College London
What Kind of Career Can You Expect with a Master’s in Accountancy?
Two of the fundamental skills acquired when earning a Master’s in Accountancy in the UK are financial analysis and auditing. It is these skills that are so highly coveted by a range of different professional disciplines. They have application not just in business, but in taxation, planning and even criminal investigation. Given the wide range of work your newly acquired accounting skills may apply to, your Master’s degree could qualify you to work as a certified public accountant, and enrolled agent or auditor, a corporate budgeting analyst, or a forensic accountant.
A Master’s degree in accounting earned in the UK may help position you to fill important roles in a wide array of industries. Such a degree may help to put you in a job where you really can make a difference in people’s private lives and for the public’s welfare.