Which are some of the good instituion for MSc Finance in UK/Europe. Which one of them are value for money. Do all the good programs require GMAT.Please suggest.

1. These ones: http://rankings.ft.com/businessschoolrankings/masters-in-finance-pre-experience-2013
2. The ones with the high salaries are best value.
3. I hope they all ask for GMAT: that's a strong predictor of success.

There are a lot of options. If you wanted to go into investments, perhaps a program like Queen Mary's MSc in Investment and Finance or RSM's MSc in Finance and Investments would be ideal choices. But there are also more general choices like the MSc Imperial offers, or other focused programs like Henley's MSc in International Securities, Investment and Banking. I guess it would depend on your career goals, and in which country you are interested in studying.

Since masters programs in finance tend to be highly quantitative, they are most likely going to need you to take the GMAT, considering this test gives a good indication of a candidate's quantitative ability. Either that or they'll want you to demonstrate your quantitative ability in some other way, such as if you've already worked in finance or have an undergraduate degree in a quantitative field.