Study Finance in The United Kingdom
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Finance Studies in The United KingdomIf you are considering studying finance abroad, the United Kingdom is the best option. Pursuing this degree there sets you in the right direction towards numerous career opportunities. To guide you more on what to expect as you pursue your finance degree in the UK, read on below to know the history of the course in the country, how it is fairing in the present times, some of the schools that offer the course, and work opportunities for graduates.
History of Finance in the United KingdomBefore discussing the history of finance in the country, it is vital to, first of all, understand what finance is. This can be understood as a discipline that addresses the study of investments. It integrates the dynamics of liabilities and assets over time under circumstances of various levels of risk and ambiguity. The main aim of finance as a study is to determine the worth of assets based on their level of risk and their anticipated return rate. Finance is divided into three categories: personal finance, corporate finance, and public finance.
In the UK, just like any other country, the financial structure is a feature that is always present in the lives of people and it is a very important segment of the economy. Over the decades, the country has had and still has financial institutions that facilitate payment of wages by companies and the transactions people make when they use debit and credit cards to buy services and goods. These institutions also offer loans to companies and people which enable them to invest and still save for future use. It is as a result of these that the study of finance emerged in the UK and with the rapid growth of the country’s financial system, more and more students are enrolling for the course with the aim of contributing and leaving a mark in the financial sector.
Finance in the United Kingdom in the present timesPresently, the UK is known as a worldwide financial centre and the number of finance students both local and foreign has had a dramatic increase over the years. Students get to study in an environment that has a diverse culture that is supported by learning institutions that are known for having global brilliance in research and teaching. The UK is also home to strong finance and accounting bodies, which are in the forefront globally with regards to the growth of accounting and finance standards.
Finance study in the United KingdomFinance degrees in the country are most of the times offered in combination with a connected course such as economics, accounting or business. Finance is a part of the inter-linked FAME group of subjects (Finance, Accounting, Management, and Economics). These are among the most common course at the undergraduate and graduate levels. These degrees also cover an integration of theoretical and technical knowledge, as well as the fundamental finance expertise needed to venture into finance careers. Students are able to learn how to measure wealth and how finance shapes and influences the behaviour of companies. English is the language used to teach these degrees as it is the language of business. This, therefore, means that the students are equipped with the significant language skills.
Most students, both local and foreign, study finance in the UK because of the employment opportunities it offers. Most get employed in professional firms, investment and corporate finance jobs across the city. This is what makes studying finance in the UK quite attractive.
Students both at bachelors and masters level are taught skills that enable them to become managers and leaders in international institutions given the intricate necessities of managing across global borders. The degrees taught in the UK embrace a wide array of approaches to finance thus enabling students to fully understand the social setting in which finance operates.
Most of the universities incorporate placements into the degree programmes. These placements are counted as part of the work necessities for anyone wishing to be a member of a professional body. They also offer a chance for both employers and students to develop a better understanding of each other with regards to the expertise possessed by the students and the job requirements. Most postgraduate degrees integrate projects that engross learners in working with small and big institutions.
Universities across the country provide finance courses at both bachelors and masters levels. Doctorial courses in finance are also available in a number of universities across the country. To enrol for this course in any of the three levels, you could consider these top ten universities: University of Warwick, University of Surrey, Heiot-Watt University, University of Strathclyde, University of Leeds, Lancaster University, Coventry University, Loughborough University, University of Manchester, and Salford University.
Work opportunities for finance graduatesFinance graduates can get employment in the following sectors:
- Financial planning- work in this sector mainly focuses on providing advisory services and giving people and institutions the support needed to plan their financial future.
- Accountancy and finance- this covers tax, audit, and accountancy jobs, inclusive of those carrying out financial operations in important government offices for instance treasury.
- Insurance- Under this, one will get to work closely with people from other professions such as fire officers, doctors, and lawyers to acquire proof to determine risk and settle claims against insurance policies.
- Banking and building societies- These two are the biggest employers in the field and they enable companies and individuals to control their money and get products for instance loans in the country.
- Investments and pensions- Those employed in this area get to research the possible performance of funds and give advice to the asset managers. The role of employees in this area is to manage data, conduct risk assessment, measure performance, and give investment support.