Generally, Financial Technology is called Fintech. When we relate Finance with technology it is called Fintech. In the past, Financial tasks were managed by humans only. But due to technological advancement now we mostly use technology to complete any financial task like business dealing, banking, payment etc. As Financial Technology courses are equally related with finance and technology and the world is nothing without finance or currency, Fintech has huge demand all over the world. And the UK is the most renowned country to take higher education. So, if you want to study Financial Technology courses in the UK, this article will help you a lot.
What are the use of Financial Technology Courses
Financial Technology is a combination of finance and technology where technology is broadly used to manage financial works like banking, savings, investing, fund collecting and so on. A degree with Fintech is very important to deal with the whole world currency by using artificial intelligence or devices. Because a silly mistake in using technology in finance can cause a great loss. Before choosing Financial Technology courses for higher education, it is very important to know where it can be used in real life. So here are some uses of Financial Technology (Fintech) –
- Cashless Payment
Through the use of Fintech, we can now make payments without using cash. That means instead of transferring money hand to hands now we are transferring money from one device to another device. For example, now we can make payments through master/visa card, debit/credit card etc.
- Crowdfunding Platforms
Crowdfunding is a popular term all over the world. It is the process through which money is collected from the common people for doing business or social welfare. Some popular crowdfunding platforms through fintech are- INDIEGOGO, gofundme, Start engine etc.
- Robo Advisor
Robo Advisor is an interesting part of Financial Technology ( Fintech).In the past, we used to take help from people to get advice about money investment in the share market or other places. But now we take the same information through artificial intelligence. Now we don’t have to share our profit and investment with anyone, rather we can take help from robotics.
- Virtual Currency
Virtual currency means dealing with a lot of money or having a lot of money not in your hand but in the virtual means. It’s not real cash or you can’t touch the money. You can just transfer it from one device to another to purchase anything.
Scope of Financial Technology courses in the UK
Why study Financial Technology in the UK? The UK has a great scope for the graduates of Fintech. A degree in Fintech will give you the most in demand skill that big and small employers sought for the professional field including business analyst and many more. Fintech has users across the world. Fintech is a course that covers areas of financing, asset management, payments, corporate finance etc. The benefits of studying Financial Technology courses in the UK is given below
- UK qualification is recognised worldwide, So if you graduate with a degree in Fintech, hopefully you will be able to get jobs all over the world.
- The UK education system offers practical based learning. So, Studying Fintech in the UK will help you to have real life experiences with finance and technology.
- The United Kingdom offers numerous job opportunities to Fintech graduates in different financial sectors with a very standard salary.
Best universities to study Financial Technology courses in the UK
Worrying about the best institution that provides Financial Technology courses in the UK? The United Kingdom has a great scope for the graduates of Fintech. Here are some best universities that offer Financial Technology in the UK. Such as-
- Swansea University
- Durham University
- University of Gloucestershire
- University of Glasgow
- University of Essex
- University of Bedfordshire
- University of Southampton
- Teesside University, Middlesbrough
- University of Sussex and many more.
Cost of Studying Financial Technology courses in the UK
Cost of studying Financial Technology courses in the UK usually depends on the university tuition fees and approximate living costs inside and outside of London. So here we are giving the tuition fees of Fintech courses based on some British universities.
Undergraduate tuition fees of Financial Technology courses in the UK
If you want to pursue a Fintech degree at undergraduate level in the UK, your tuition fees will range from £13500 – £20,340. But if you study Fintech at any Russell group university it will cost more.
Postgraduate tuition fees of Financial Technology courses in the UK
If you study Fintech courses in the UK at postgraduate level your tuition fees will range from £15000 – £32850. However some universities from Russell group will require higher tuition fees.
However, the university tuition fees usually fluctuate in every intake. So, you should always check the updated tuition fees of Fintech directly from the university website.
Cost of Living in the United Kingdom
If you study Fintech at any London-based university your approximate living cost will be £1334 per month. But if you live outside the London city it will cost £1023 per month. Which is relatively low from living in London.
Entry requirements of Financial Technology courses in the UK
Before applying to any university abroad, you should always check the entry requirements of your preferred university and for the course you have selected. So here we are giving the entry requirements of Financial Technology courses both at undergraduate and postgraduate level.
Undergraduate entry requirements for Financial Technology courses in the UK
- A Levels – AAB
- BTEC – 96 points
- International Baccalaureate – 3 Awards
- Access to Higher Education Diploma
If you are a non native English speaker you will need a IELTS score of at least 6.0 with not less than 5.5. However, some universities may require higher English requirements for this course. You can also give other English language tests like PTE, GRE, TOEFL also.
Postgraduate entry requirements for Financial Technology courses in the UK
Successfully completion of 2:1 or 2:2 Hons degree in Business, Finance, Economics, Mathematics or Computer Science.
If you are a non native English speaker you will need a IELTS score of at least 6.5 with not less than 6.0. However, some universities may require higher English requirements for this course. You can also give other English language tests like PTE, GRE, TOEFL also.
Financial Technology is a very popular subject all over the world. Nowadays people are very eager to learn about Fintech. So, if you want to take Financial Technology courses in the UK, you can always contact AIMS Education.
Is Fintech in demand in the UK?
Ans: As Financial Technology leads the banking system it has huge demand around the world. You will get numerous job opportunities not only in the UK but also around the world after completing graduation from Financial Technology courses in the UK.
Why study Financial Technology in the UK?
Ans: The UK has a great scope for the graduates of Fintech. A degree in Fintech will give you the most in demand skill that big and small employers sought for the professional field including business analyst and many more.
Is the UK good for Fintech?
Ans: Yes, fintech is good in the UK because the UK offers numerous jobs to the graduates of this course.
Is Fintech a good career in the UK?
Ans: according to the prospects.uk the graduates of Financial technology courses get jobs in the field like-
• Business analyst
• Finance officer
• Data analysts etc.
How much is the cost of Financial Technology in the UK?
Ans: The cost of Fintech courses at Undergraduate level ranges from £13500 – £20,340 and the cost of Fintech at postgraduate level in the UK ranges from £15000 – £32850.