Deferring FT offer to do a Masters?

TL/DR: Is it possible to ask your firm to push back your FT start after your SA by 1 year? Want to do a Masters and start FT after.

I'm an incoming SA at an American BB in London, and will hopefully convert into a FT position (fingers crossed), but I have received a full scholarship from my birth country's government to do any Masters I want and I'm pretty confident I could get into Oxford's MSc Financial Economics or LSE's MSc Finance. If I get in it would be something I'd want to do, but I don't know how I feel about "giving up" the FT offer if I get it - would a bank allow you to start 1 year later if it's because you're doing a top ranked Masters?

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