MSc Finance (Accounting and Finance)

• Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% to 70% or equivalent.
• English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
  • IELTS: A minimum overall score of 6.5 with no individual component below 6.
  • TOEFL: A minimum overall score of 92, with at least 23 in Listening, Reading, Speaking, and Writing.
  • PTE Academic: A minimum overall score of 62 with no individual score below 59.
• Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

Durham University offers a range of scholarships and bursaries to both domestic and international students.

Durham University Scholarships and Bursaries: These are awarded to both undergraduate and postgraduate students based on academic excellence, financial need, or specific criteria such as subject area or country of origin.

Durham International Scholarships: These are awarded to exceptional international students who are pursuing undergraduate or postgraduate studies at the university. The scholarship covers a portion of tuition fees and is renewable for the duration of the course.

Government Scholarships: Durham University participates in a number of government scholarship programs, including the Chevening Scholarship and the Commonwealth Scholarship.

College-Specific Scholarships: Some colleges at Durham University offer scholarships and bursaries to their students, such as the Van Mildert College Music Scholarship and the St. Mary's College Travel Grant.

Departmental Scholarships: Some academic departments at Durham University offer scholarships specifically for international students. These scholarships may be discipline-specific or focused on supporting students from specific regions or countries. 

Vice-Chancellor's Scholarships: The Vice-Chancellor's Scholarships are prestigious scholarships awarded to exceptional international students across all academic disciplines. These scholarships cover the full tuition fees and provide a generous living allowance for the duration of the program. The selection process is highly competitive and based on academic merit and leadership potential.

Durham University in the UK offers an MSc Finance (Accounting and Finance) program that provides students with in-depth knowledge and skills in both finance and accounting. This program opens up a wide range of career opportunities in the finance and accounting sectors.  

Accounting Firms: Graduates of the MSc Finance (Accounting and Finance) program can pursue careers in accounting firms, including the Big Four (Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG) as well as other international and regional firms. They can work as auditors, tax consultants, financial accountants, or management accountants, providing financial services to clients and helping them meet regulatory requirements.

Financial Services: The program prepares students for roles in the broader financial services industry, including banks, investment firms, and insurance companies. Graduates can work in areas such as financial analysis, risk management, investment banking, or financial planning. They may analyze financial data, assess investment opportunities, manage portfolios, or develop financial strategies.

Corporate Finance: Many organizations have internal corporate finance departments that handle financial planning, budgeting, and strategic decision-making. Graduates of the MSc Finance (Accounting and Finance) program can work in these departments, contributing to mergers and acquisitions, financial analysis, financial risk management, and capital budgeting. They play a key role in optimizing the financial performance of the organization.

Financial Management: With their strong background in finance and accounting, graduates can pursue careers in financial management roles. They can work as financial managers or finance directors in companies across various industries. Graduates are responsible for managing the organization's finances, analyzing financial data, making strategic financial decisions, and ensuring financial stability and growth.

Investment Analysis: Graduates can explore opportunities in investment analysis and research. They can work for investment management firms, pension funds, or hedge funds, analyzing investment opportunities, conducting research on companies or industries, and providing insights for investment decisions. They may also specialize in areas such as equity research, fixed income analysis, or alternative investments.

Risk Management: The MSc Finance (Accounting and Finance) program equips students with knowledge of financial risk management techniques. Graduates can pursue careers as risk managers, assessing and managing financial risks within organizations. They may work in banks, insurance companies, or risk management consultancies, analyzing market risk, credit risk, operational risk, and developing strategies to mitigate these risks.

Financial Consulting: Graduates can work in financial consulting firms, providing advisory services to clients on financial matters. They may specialize in areas such as financial restructuring, financial analysis, or regulatory compliance. Graduates assist clients in making informed financial decisions, improving financial performance, and navigating complex financial regulations.

Professional Certifications: The MSc Finance (Accounting and Finance) program provides students with a strong foundation to pursue professional certifications such as ACCA (Association of Chartered Certified Accountants) or CFA (Chartered Financial Analyst). These certifications enhance career prospects and demonstrate expertise in finance and accounting.

Career Progression: Graduates of the MSc Finance (Accounting and Finance) program have excellent opportunities for career progression. With experience and further professional qualifications, they can advance to senior positions such as finance managers, financial controllers, or chief financial officers (CFOs). Some graduates may also choose to pursue doctoral studies or academic careers in finance and accounting.