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A guide to funding for Masters students

  • Monday, November 19, 2018
  • Masters

Charlotte Griffiths, Student Services Officer

We recently spoke to Charlotte Griffiths, Student Services Officer for Financial Support at the University's Student Services Centre, to find out about funding options for students thinking about studying a Masters course at Alliance MBS.

What funding opportunities are there for UK and EU students?

Currently there is the Postgraduate Loan for students studying a Masters which is available to both UK and EU students. The maximum loan available for 2019/20 is £10,609, but the loan rate differs depending on what part of the UK you come from so do check with your award authority. We encourage you to look at the University’s Masters funding page to keep up-to-date with what is available.

What funding opportunities are there for overseas students?

Alliance MBS is currently offering five scholarships for US residents across all of its courses for 2018 entry. The University offers students from Rwanda, Uganda and Tanzania the opportunity to apply for an Equity and Merit Scholarship and there is also the possibility of applying for the Manchester Alumni Scholarship Scheme from the Faculty of Humanities. We would encourage international students to contact the ministry of education or education department along with the British Council office in their own country and keep an eye on the International Funding Advice pages here at Manchester for updates.

Are there any scholarship opportunities available?

Students who have recently graduated from The University of Manchester may wish to look into the Manchester Alumni Scholarship Scheme from the Faculty of Humanities. Alliance MBS also offers a number of scholarships for its courses. Always ask the admissions team before you start applying if the specific course you are applying to has any related scholarships available. Also consider looking on for further opportunities.

When is the best time to apply for funding?

As early as possible! Typically the Postgraduate Loan opens for applications in April but you can always start applying for scholarships and external funding early.

Would you recommend working whilst studying for a masters degree to boost finances?

This is entirely dependent on your personal situation. Working while studying can certainly support your finances but we would suggest no more than 15 hours per week. If you can find a job that supports your future career aspirations this would be advisable as you will gain relevant experience as well as some money! You can follow the employment opportunities with the University too. Check the 'Finding work while studying' page for more details.

Have you got any finance tips for potential Masters students at Manchester?

Do your research and apply early for funding and know your budget before you arrive. It’s better to have all your costs calculated at the beginning so you aren’t surprised later on. Our Blackbullion application can help you with this. Don’t be afraid to think outside of the box for your funding needs, there could be a company who may offer you some funding if you are researching an area they are interested in. If you don’t ask then you don’t get!

Further details on funding for Masters courses >>

Find out more about Masters courses at Alliance MBS >>