Cambridge

In order to study Master in Finance at the University of Cambridge, the following given minimum requirements have to be met -

• Undergraduate academic achievement: At least a high UK 2:1 or equivalent. Any degree subject is potentially eligible. However, if students did not study a finance-related subject at the undergraduate level, on rare occasions, students may have to submit GRE or GMAT score to show their quantitative ability. Indian students are advised to check the minimum requirements as the grades required for the MFin are likely to be higher than the minimum 2:1 equivalent mentioned on the university's website
• Professional Experience: A minimum of two years' graduate work experience in a Core Finance or Finance-related role
• English language proficiency: IELTS (7.5 with no element below 7.0), or TOEFL (110 with no element below 25), etc.
• Maths and Stats proficiency: A willingness to reach the required level of Maths and Statistics
• Skills and Competencies
• Three references: an academic reference, a supervisor reference, and a peer / team member reference

University of Cambridge MBA is one of the most popular courses offered by the university and students across the globe desire to pursue this course. Mentioned below are some of the unique features of Cambridge University MBA:

• Business school excelling in research and teaching;
• Global companies recruit MBA students: 94% of the university's the latest class was employed 3 months out, in 24 countries, with an average package salary of GBP 96,429 (INR 1 Cr);
• Experiential, team-based learning;
• Diverse, experienced and academically-abled candidates: University of Cambridge attracts the most able candidates – the mean average GMAT score for the MBA current class is 690;
• Interpersonal skills will also be developed; and
• Students shall also become skilled in the practice of management and core business principles in a global context.

Conversion Rate: 1 GBP = INR 120.46

According to unofficial sources, the University of Cambridge acceptance rate is 21.49% for the Class of 2028. In short, getting into the University of Cambridge is extremely difficult. On average across all subjects, the university has itself stated that it usually receives six applications per place, but naturally, there is variation between courses. Generally, admissions tutors at the University of Cambridge consider all of the information available in the application before making any decisions. However, academic performance carries the greatest weight. In all, each application is considered individually and holistically by the University of Cambridge and the factors given below are considered -

• Academic record;
• Personal statement (SOP);
• School / college reference;
• Any written work submitted;
• Performance in any written assessment;
• Contextual data; and
• Performance at interview.

Cambridge University fees for Indian students for some of the popular programs can be checked from the table given below: 

Living Costs

• Undergraduate: In 2023-24, the minimum estimated resources required in Cambridge for the year (excluding tuition and college fees) is around £12,400, depending on the lifestyle
• Postgraduate: For 2023/24, the minimum cost of living is £17,668. This sum is budgeted to cover food, rent / accommodation, domestic bills, books, travel around Cambridge, personal computer equipment, etc. Other additional costs may also be applicable as per the course

Read: Cost of Living for International Students in UK