The UK is one of the highly recommended destinations to study Master of Business Administration, also known as MBA for international students, cause of its top-notch academic system, first-rate facilities, and widespread reputation. International students pay between £31,450 to £87,900 for their UK MBA fees.
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In the UK, 130 Business schools provide MBA specialisation in Economics, International Business, and Health Administration. During these MBA programmes, the students can network with successful business professionals via seminars, internships and alumni.
The UK has lesser requirements for an MBA than other countries like the US and Canada. For admission to MBA programmes at B-schools in the UK, a minimum of three years of bachelor’s degree with an academic score of 65%, GMAT scores, and non-mandatory job experience are necessary.
The blog includes top universities to study MBA in the UK, various MBA Specialisation available, UK MBA fees, eligibility, and scholarships.
UK MBA Fees: Top Universities
Let’s start by discussing some of the UK MBA fees of the best business schools. You can enrol in a full-time general MBA, executive MBA, speciality MBA, or distance/online MBA programme in the UK.
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The UK MBA fees of top business schools and their QS Global MBA Rankings 2023, are listed below:
QS Global MBA Rankings 2023
University Name
Location
UK MBA Fees for international students
5
London Business School
London
£109,700
12
Cambridge (Judge)
Cambridge
£64,000
13
Chicago (Booth)
Chicago
£94,830
16
Oxford (Said)
Oxford
£106,540
21
Imperial College Business School
London
£61,500
35
Warwick Business School
Coventry
£49,950
47
Manchester (Alliance)
Manchester
£47,000
56
University of Edinburgh Business School
Edinburgh
£38,500
87
Cranfield School of Management
Canfield
£25,750
94
Durham University Business School
Durham
£35,000
UK MBA Fees: MBA Specialisations in UK
Two important factors while choosing your MBA Specialisation are Goals and Future Plans. Fitting your MBA specialities into your plan for accomplishing your goals is a crucial factor to consider.
The future is the second crucial factor to consider when selecting an MBA specialisation. An MBA candidate can only anticipate some new development and invention in their chosen MBA specialisation field.Therefore, the applicant must make it apparent in their MBA admissions essays that they know the difficulties facing the chosen industry.
Below are the MBA Specialisations available in UK Universities:
MBA Specialisation in UK
University
MBA Marketing
Edge Hill University, University of Bedfordshire, University of Sunderland
MBA in HR
Edge Hill University, University of Sunderland, University of Bedfordshire
MBA in Finance
University of Edinburgh, University of Nottingham, Bangor University, Heriot-Watt University, Nottingham Trent University
MBA International Human Resource Management
Coventry University
MBA International Marketing
Coventry University, Bangor University
MBA in Entrepreneurship
Durham University, University of East London, Amity University, London
MBA Healthcare Management
York St John University, Brunel University London, Anglia Ruskin University
MBA Co operative Leadership and Social Enterprenurship
Sheffield Hallam University
MBA Global Healthcare Management and Leadership
Conventry University London
MBA Hospital and Health Services
University of Bedfordshire
Application process for MBA in UK
Before entering the business world, you must complete the application process and meet specific criteria for a Master of Business Administration (MBA). If you want to apply for an MBA programme in another country, be prepared for a lengthy but worthwhile application process.
1. Decide on the MBA programme you want to pursue
You must first choose an MBA specialisation before applying to an MBA programme. We’ll give you a few ideas to get you started, but feel free to look up your favourite subject:
MBA in General Management
MBA in Marketing
MBA in Entrepreneurship
MBA in Human Resource Management
MBA in Engineering Management
2. Choose between on-campus and online MBA programmes.
Depending on your schedule and options, the next step is deciding whether to pursue an online or an on-campus MBA.
3. Examine your application deadlines and UK MBA fees
Depending on the university you choose, you must adhere to particular dates for your MBA application. Keep track of the deadlines for submitting documents and the required UK MBA fees.
4. Prepare all the necessary documents and cross-check the eligibility criteria.
The following are the usual prerequisites for enrolling in a two-year MBA programme in the UK:
Academic Requirements: A 2:1 bachelor’s degree with a minimum of 50% to 60% from an accredited university
GMAT Score: A competitive GMAT score of at least 600 points is required
Professional work experience is preferred
Language Proficiency: At least 6.0 IELTS band score or minimum 80 TOEFL scores
Updated Resume
Recommendation letter
Evidence of ability to pay for your education
500 to 600-word Statement of Purpose
Student visa
Work Experience is not mandatory
Collect the abovementioned transcripts and apply to the university’s official admission site.
5. Prepare for the interview.
After submitting all your documents, you will certainly be invited to an admissions interview. You will need a solid understanding of why you chose this MBA course and the business school, and discuss your job aspirations and interests in depth for your interview. Some MBA colleges prefer an online video interview, while others require you to be on campus. Of course, where you live at the time you apply to that university plays a role.
UK MBA Fees: Cost of studying
The UK MBA fees for various types of MBA programmes are listed below:
A 12 to 21-month, intense research-based MBA programme in the UK costs between £31,000 and £88,000 as UK MBA fees for international students.
For the two-year MBA programme, you have to pay £88,239 as an estimated yearly UK MBA fees.
UK MBA Fees: MBA in UK Scholarships
UK MBA fees can be fairly pricey. Many international students pick this programme because of its highly demanded degree. However, a lot of students struggle financially because of the expensive UK MBA fees. Numerous organisations offer financial aid to students to ease their UK MBA fees, so they can pursue postgraduate degrees in the UK.
A few of the best MBA Scholarships in the UK and their benefits are listed below:
Scholarship Name
Benefits
Commonwealth Fellowship Plan
Fully funded
Imperial Women Scholarship
Variable
GMAT Excellence Award
$ 5350
Global Study Awards
£10,000
BK Birla Scholarships
Tuition Fees
Forte MBA Fellowships
Partial Funding
Inlaks Scholarships
Tuition Fees
Global Women’s Leadership Scholarship
Partial Funding
Chevening Scholarships
Tuition FeesMonthly StipenTravel and visa assistance
Durham University Business School – Achievement MBA Scholarships in UK, 2022
Partial Funding
Excellent Scholarship
Fully funded
You can also go through LeapScholar’s scholarship finder that provides a free, up-to-date, and comprehensive list of scholarships, grants and other awards available to international students to decrease your UK MBA fees.
UK MBA Fees: International Student Living Cost
It’s NOT economical to live in the UK as an international student. However, where you choose to live greatly impacts how much money you spend. Monthly living expenses in well-known locations like London might easily exceed €1,500. You can get by in smaller towns with a monthly budget of € 700-1,200.
In the UK, many colleges offer dorms for students. These residences provide excellent value for money and include utility costs in the total cost. First-year students are the ones that prefer student residential halls the most. Rest for 1 Bedroom apartment outside the city costs £610 per month, and three bedroom apartment costs around £1255 per month.
UK MBA Fees: Work permit after studying MBA in UK
International students and not have a Swiss or an EEA (European Economic Area) passport must apply for a visa to study and work in the UK. You need to apply for a Tier 4 UK student visa to study in the UK.
The post-study work (PSW) visa, which the UK government has reinstituted, now permits students to remain in the UK for two years following graduation. You are exempt from the Resident Labour Market Test if you complete a full-time MBA. You must, however, apply for a Tier 2 work visa. Additionally, it would help if you worked for a licenced sponsor.
You can work at the job listed on your sponsorship certificate during this period. You can also bring a family member with you. Upon working in graduate employment for five years, you will be eligible for a permanent residence card (PR). The candidate must obtain an “indefinite leave to remain (ILR) Visa” to become a permanent resident. An ILR visa in the UK can be obtained with the help of full-time work, a good moral character, and a clean criminal background.
Jobs after MBA in UK
In general, your speciality choice and academic performance will impact where you land a job. With 6.5 million private business organisations, the UK is currently considered a magnificent market. Prestigious companies are hiring graduates of MBA programmes in the UK at an average salary of 80,000 GBP. The pay packages available for some of these are listed below.
You must increase your knowledge and skills to run a successful company or work for a big enterprise. It’s time to seriously consider furthering your education at one of the top MBA institutes in the UK. The UK MBA degree teaches you about the nature of the world’s markets and gives your resume a particular cachet that makes potential employers take notice.
Students wanting to get admitted to UK universities for MBA can use Leap Scholar (LS), South Asia’s Largest study abroad platform. At LeapScholar, we support students throughout the application process till they arrive in their new country. We assist students by managing the examination of their profiles, the shortlisting of universities, and the submission of applications to obtain a student visa. We also ensure that each student who registers with us successfully secures a seat in the university of their choice by employing a distinctive counselling method in which our group of knowledgeable study-abroad advisers collaborate with student mentors to assist you in making the best choice for your career.
Frequently Asked Questions:
How much money can one make in the UK after getting their MBA degree?
International candidates can expect a significant return on investment from business schools in the United Kingdom. The majority of b-schools offer a pay package of around £100,000 per year. This means that an MBA student in the UK could earn up to 92 lakhs INR.
How can one acquire an MBA scholarship?
International students can apply for a variety ofscholarships, including those granted by the universities that sponsor the programme and those supported by the government. Fulbright Scholarships, Chevening Scholarships, Inlaks Scholarships, and other government-funded scholarships are among the most popular. You must meet the specified qualifying conditions and apply through a university or granting organisation. Scholarships are mostly given to those who have excelled academically and professionally.
What is the approximate living expense for international students in the UK?
For international students, it would cost around 900 pounds per month, except the academic fee.
How many years is an MBA in the UK?
Most MBA programmes at UK business schools last one year, although others are two years long. Prospective MBA students can also choose to study part-time while maintaining their careers.
Which MBA course in the UK is best?
Many colleges in the UK offer MBA programmes, which are the most sought-after business degrees. The London School of Business, Oxford Business School, Cambridge Judge Business School, Imperial College of Business, and many others provide some of the best MBA programmes.
Do I need a GMAT score to pursue an MBA in the UK?
In many situations, a GMAT score is not a need. However, if you lack the necessary educational credentials, a high GMAT score can provide you with an advantage and aid in your pursuit of a scholarship. For an MBA in the UK, a competitive GMAT score is 600+.
Can we pursue an MBA in the UK without previous work experience?
Yes. For those pursuing an MBA in the UK, work experience is not required. However, most of the best MBA schools require applicants to have 2-3 years of professional experience.
While IELTS is one of the popular language proficiency exams accepted by UK universities, you will have to submit your GMAT scores as well in case you are applying for MBA in the UK!
Various points of difference like eligibility, costs, ROI, etc, have been taken into consideration. As per QS Global MBA rankings 2022, UK's London Business School ranks #6 in the world. QS Global MBA rankings 2022 reveal that six of the US business schools rank among the top 10 universities for MBA globally.
In general, the top UK universities require a GPA around 3.5 or above and GMAT score between 600- 650 for admission into an MBA program. Also, other requirements like work experience, English proficiency and letters of recommendation are also considered for admission.
Which MBA is the most demanded in the UK? Ans. Based on the current trends some top MBA specialisations include Finance, Marketing, Operations Management, International Management, Business Analytics etc.
Generally speaking, a 'good' GPA is anything between 3.0 and 3.5. However, what a good GPA is differs depending on the business school you're applying for. At some of the world's best business schools like Harvard Business School, Stanford, or Wharton, a GPA score of higher than 3.5 is commonplace among MBA students.
You do need to do really well on that GMAT to get into many of the top business schools. The average score is 500, but at the best MBA schools it will be 700 and higher. This score may be the difference between the 'yes' and 'no' pile, so put some effort into your study and don't be scared to retake it if you need to.
Graduating from these schools opens up the opportunities for some of the best jobs in UK after MBA . MBA graduates from the top business schools in UK are trained well to take on a senior, strategic managerial position in organisations.
A one-year MBA will cost £10,000 - £15,000 on average, with MBA programmes at top business schools such as Oxford and Cambridge potentially costing up to £45,000.
UK is home to some of the most renowned MBA courses in the world and is recognized by all the major global league tables. According to Financial Times Global MBA Ranking 2018, UK fares pretty well as 14 of its business schools makes an appearance in the top 100 schools.
A. Yes, it is possible to study in UK without IELTS. For this, you should have to fulfill English requirements such as having a proof of over 70% in English in High School or taking an online interview conducted by the university or proof of English as your medium of instruction in your school.
The world's leading test of English language proficiency, IELTS is not difficult in itself. The IELTS full form is the International English Language Testing System and in less than 3 hours, it assesses your abilities in listening, reading, writing and speaking.
Yes they are. Just check the rankings, and if they're there, that means they're accredited and they have enough recognition to gain you good employment. Furthermore, they're well advertised enough to have a well recognized name. MBA is just a three letters in front of your name.
Yes, a master's degree from the UK is considered valid in US institutions for research positions as well as university appointments. The weightage of the UK master's degree is quite high for research and work.
The UK offers a faster and potentially more affordable option with generally shorter courses and slightly lower fees (at least in comparison to the USA). It may be best suited to students who are already prepared to specialise and narrow down their subject specialism at Masters level.
How difficult is MBA in UK? The average GMAT score expected by top UK universities is a well-balanced 700, with the GMAT score range of top B-schools in the UK ranging from 600 to 780. However, there is no minimum GMAT score; students with a GMAT score of 530 or higher were admitted in 2011.
The average salary for MBA is £29,319 per year in the London, United Kingdom. The average additional cash compensation for a MBA in the London, United Kingdom is £2,116, with a range from £637 - £7,031.
The UK post-study work visa (PSW UK) or work permit for UK allows international students to stay back in the UK to search for work for a period of 2 years after completing their graduate studies.
Once you graduate from a full-time MBA, you are exempted from the Resident Labour Market Test. However, you'll have to apply for the Tier 2 work visa. You also need to be employed by a licensed sponsor.
Which MBA Has the Highest Salary? Three of the most paid MBA specialisations include- MBA in Business Analytics, MBA in Finance and MBA in Entrepreneurship. The salaries for each of these disciplines broadly lie in the range of 70,000 USD to 90,000 USD or 60,00,000 INR to 90,00,000 INR per annum.
There is no one particular answer to this question, but generally, a score lower than 3.4 GPA may be considered a low GPA. If you wish to target the top MBA programs, you may want to have a safe ground at 3.4 and above. The average GPA score to join an MBA course for the top 50 universities lies between 3.4 and 3.7.
Generally, a good GMAT score is between 700 and 740, and a score of 740+ is an excellent score. The average GMAT score for the top 30 business schools in the US in 2022 is 711. It ranges from 665 – 733. Similarly, the average score for the top business schools in Europe is 676, ranging between 638-709.
For many programs, a GPA of 3.0-3.5 is good enough to gain admittance. Top MBA programs tend to be pickier and generally want to see average GPAs of 3.5 and above. Look up the average GPA for MBA programs you're interested in and see where you fall in their range of recent admits!
Admittance Rate: In general, once you are invited to interview, your chances of admittance go from under 20% to over 50%. Of course many factors affect those rates and if you want more detailed analysis, head over to the data-crazy site MBA Data Guru.
Applicants studying in any of the UK universities can look forward to paid work experience while pursuing an MBA. After completing the MBA course, applicants can either pursue a full-time job with the same company or they can network and look for opportunities at various job fairs through their universities.
Can I work in the UK after my Masters? After finishing your Masters, you can apply for the UK Graduate Route which allows international students to apply for a post-study work (PSW) visa. This visa is valid for at least two years after completing your Masters!
The best MBA programmes in the UK have made it mandatory for students to have good GMAT or GRE scores. These are the important exam criteria for MBA UK admission. The GMAT score, on the other hand, varies based on the MBA programme and the university.
Most universities have money to give to students through non-repayable scholarships and bursaries. Eligibility will vary but they can be offered to alumni, those demonstrating academic excellence or to encourage diversity. Some universities will automatically consider you for their scholarships, bursaries and grants.
A graduate degree under 10+2+3 or 10+2+4 pattern under any discipline, securing at least 50% marks in aggregate, from a recognized university. Students currently in their final year of graduation can also apply. In that case, the admission offered will be provisional.
What is the entrance exam for MBA in the UK? The competitive entrance exam is mandatory to get admission to UK universities. International students need to crack the GMAT exam with a minimum score of 600. However, with professional experience, some universities prefer wavering GMAT scores.
If you have recently graduated and wish to study an MBA, but have no relevant work experience, you can apply to certain UK universities and business schools which offer MBA without work experience.
Generally speaking, a 'good' GPA is anything between 3.0 and 3.5. However, what a good GPA is differs depending on the business school you're applying for. At some of the world's best business schools like Harvard Business School, Stanford, or Wharton, a GPA score of higher than 3.5 is commonplace among MBA students.
However, there being no age restriction to an MBA or EMBA means that you can pursue the degree no matter how old you are. Studies suggest that the best age for pursuing a normal MBA course in India is 25-27, and for an Executive MBA, it is 28-30.
MBA students can take admission to MBA without entrance Exams such as CAT. Although all the IIMs depend on CAT for admission, various colleges have taken other routes for their MBA Admission. Many MBA colleges have their entrance exams for student selection.
Which MBA is the most demanded in the UK? Ans. Based on the current trends some top MBA specialisations include Finance, Marketing, Operations Management, International Management, Business Analytics etc.
It is comparatively easier to get into an MBA Institute from the UK. Though expensive, it is better than wasting your money over an average Institute from India that will not open your doors to even a decent looking job. Recruiters these days look for candidates with a degree from a good institute.
3 years of work experience (minimum) is mandatory to study MBA in the UK. Bachelor's degree or equivalent degree as recognized by the UK Education Department. GMAT scores are accepted at large than GRE scores in the UK for MBA admission.
Yes, it is possible to pursue MBA in UK without GMAT. MBA in UK without GMAT is available in 8 universities and colleges. The admission criteria to pursue MBA in UK in these colleges is as rigorous and stringent as in other colleges in UK.
MBA in Marketing is one of the most in-demand and can get a great pay scale. Students learn about consumer behavior and how to create advertisem*nts and products that people want. MBA in UK Universities cover the topics such as branding, market research, consumer psychology and digital marketing.
Many potential students ask why MBAs are so difficult to graduate. But they ask the wrong question, the truth being: for the average student, MBAs are quite easy to graduate. But as you'll probably learn during your Master's in Business Administration: your attitude makes up over 50% of your professional success.
Most universities have money to give to students through non-repayable scholarships and bursaries. Eligibility will vary but they can be offered to alumni, those demonstrating academic excellence or to encourage diversity. Some universities will automatically consider you for their scholarships, bursaries and grants.
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