We present a systematic investigation of magnetic anisotropy induced by oblique deposition of Co thin films on MgO (001) substrates by molecular beam epitaxy at different deposition angles, i.e., 0 • , 30 • , 45 • , 60 • , and 75 • with respect to the surface normal. Low energy electron diffraction (LEED), surface magneto-optical Kerr effect (SMOKE), and anisotropic magnetoresistance (AMR) setups were employed to investigate the magnetic properties of cobalt films. The values of in-plane uniaxial magnetic anisotropy (UMA) constant K u and four-fold magnetocrystalline anisotropy constant K 1 were derived from magnetic torque curves on the base of AMR results. It was found that the value of K u increases with increasing deposition angle with respect to the surface normal, while the value of K 1 remains almost constant for all the samples. Furthermore, by using MOKE results, the K u values of the films deposited obliquely were also derived from the magnetization curves along hard axis. The results of AMR method were then compared with that of hard axis fitting method (coherent rotation) and found that both methods have almost identical values of UMA constant for each sample.