Masters funding?

dowie · 5 Dec 2010 at 02:00

jmhduck said:
For various reasons I'm currently looking at doing at masters starting next years. Does anyone know what the funding situation is like?

You want to do 'a masters' - presumably you have a subject in mind no?

Does your current place not offer you the chance to get a masters as a 4 year undergrad degree - tis a useful workaround as your LEA still pays the bulk of the fees and you still get a loan.

Research councils can help AFAIK - a friend did an applied maths masters and got it fully funded complete with grant too.

Amp34 · 5 Dec 2010 at 02:23

Problem is in most industries an undergrad masters is still an undergrad degree... Waste of time for a lot of industries tbh.

As one of the company guys that came in to talk to us recently said, it's a way of universities hanging on to students for another year and making more money. The only real positive is that is is veiwed in a better light if you head off to so a postgrad course (full masters or PhD)/

rodo · 5 Dec 2010 at 07:57

jmhduck said:
I've got a CompSci degree from the University of Kent... did a year in Industry for Siemens in Vienna which was cool.

2:1 / first?

jmhduck · 5 Dec 2010 at 09:41

ghost101 said:
I think if you really want to become a top management consultant, I'd work for a couple of years in a relevant job for a few years. Then do an MBA at a good school, and then you should hopefully be in a good position to get into a large consultancy firm.

These jobs at McKinsey&Co, BCG and Bain&Co are extremely competitive (I would class them as the most competitive graduate/experienced jobs to go for). You may find depending on your work experience you can get into more specialist consultancies more easily.

Here's a nice list to look at when you apply. Vault.com has a lot more information as well.

http://en.wikipedia.org/wiki/Management_consulting#Management_Consulting_Companies_Rating

Good idea to look at that list, I'll try applying for a couple that aren't quite as near to the top!

dowie said:
You want to do 'a masters' - presumably you have a subject in mind no?

Does your current place not offer you the chance to get a masters as a 4 year undergrad degree - tis a useful workaround as your LEA still pays the bulk of the fees and you still get a loan.

Research councils can help AFAIK - a friend did an applied maths masters and got it fully funded complete with grant too.

Management/Business/Economics are the areas I'd be interested in.

rodo said:
2:1 / first?

2:1

stigggeh · 5 Dec 2010 at 17:46

Mine was funded thanks to the European Social Fund. I was even paid a weekly allowance. :eek:

edit: Sorry I should have said I graduated in 2006.

jmhduck · 5 Dec 2010 at 17:52

Cool

, I'll have to look in that.

WingZero30 · 6 Dec 2010 at 10:26

Hi guys I am also thinking of doing msc next year. On the application form it is asking me how will I fund my study as I don't have a source of income atm. Is tuition fee loan the only viable route? As some one mentioned there is tuition fee grant aswell?

muon · 6 Dec 2010 at 13:30

WingZero30 said:
Hi guys I am also thinking of doing msc next year. On the application form it is asking me how will I fund my study as I don't have a source of income atm. Is tuition fee loan the only viable route? As some one mentioned there is tuition fee grant aswell?

You should write PCDL + self funded. PCDL only gives £10,000. The money for tuition fees goes directly to the university and any remaining amount you get into your bank account.

You get to request up to £10,000. You dont have to take a full loan out..

You get a 13 month interest holiday where the government pays the interest, and after that you get charged 9.9% APR over 5 years.

Lagmeister · 6 Dec 2010 at 14:15

jmhduck said:
I've got a CompSci degree from the University of Kent... did a year in Industry for Siemens in Vienna which was cool.

I did exactly the same, University of Kent with the year in industry with Siemens in Vienna. I went back to to Kent and did a masters in biometrics in the electronics department which was fully funded by a grant fees and maintenance from the EPSRC. With business I dont really know where you would find a grant for that, best to approach the departments directly and ask to be honest.

However its gone pretty well for me Im now doing a fully funded degree out in Saudi Arabia from that.

jmhduck · 6 Dec 2010 at 14:21

Lagmeister said:
I did exactly the same, University of Kent with the year in industry with Siemens in Vienna. I went back to to Kent and did a masters in biometrics in the electronics department which was fully funded by a grant fees and maintenance from the EPSRC. With business I dont really know where you would find a grant for that, best to approach the departments directly and ask to be honest.

However its gone pretty well for me Im now doing a fully funded degree out in Saudi Arabia from that.

I think I know who you are, your initials are MD, I take it? Glad to hear things are going well for you. I've got you on facebook my first name is Joel.

Lagmeister · 6 Dec 2010 at 14:28

jmhduck said:
I think I know who you are, your initials are MD, I take it? Glad to hear things are going well for you. I've got you on facebook my first name is Joel.

I am indeed, couldn't tell who was at first though.

hideki · 6 Dec 2010 at 14:40

I recently started my MSc, most of the people are getting theirs paid by their employers. Unluckily for me I had to pay mine out of my own pocket, and there was no government funding available.