Having more than 395 universities, the United Kingdom ranks second among international educational hubs. In addition to its multicultural diversity, the country also welcomes over 5 lakh international students. For those considering an MBA in the UK, it's important to note that tuition fees generally range from 40,000 GBP to 80,000 GBP per year, depending on the university and its location. MBA Graduates in the UK often enjoy substantial returns on their investment, with competitive salaries that frequently surpass six figures. Before you decide to go ahead, you must know the details regarding the MBA fees and cost of studying in the UK for Indian as well as international students.
Key Highlights:
- MBA fees in the UK range from INR 36,00,000 to INR 72,00,000 (40,000 to 80,000 GBP) per year.
- The cost of an MBA in the UK is approximately 12,000 GBP to 18,000 GBP per year (10,80,000 to 16,20,000 INR).
- Top MBA colleges in the UK include London Business School, the University of Cambridge Judge Business School, and the University of Oxford Saïd Business School.
- Average salaries for MBA graduates in the UK range from GBP 80,000 to GBP 120,000 per year (INR 72,00,000 to INR 1,08,00,000).
- MBA Scholarships available include the Chevening Scholarship, Said Business School Foundation Scholarship, and Cambridge Trust Scholarships.
If you aspire to pursue an MBA in the UK, connect with Yocket Premium. Get personalized guidance from expert insights and admission strategies, all tailored for streamlining your journey to the top MBA colleges in the UK. Yocket Premium helps you confidently cover every move and maximizes the chances of getting accepted for a lifelong, life-changing global career.
What is the Cost of an MBA in the UK?
Studying for an MBA in the UK involves significant financial planning, encompassing tuition fees, living expenses, and scholarships. MBA fees in the UK range from approximately GBP 31,000 to GBP 87,000 (equivalent to INR 32 Lakhs to 91 Lakhs), varying by program duration and institution prestige. Additionally, living costs which include accommodation, food, and transportation, are estimated to be around GBP 12,000 to GBP 15,000 per year (approximately INR 12 Lakhs to 15 Lakhs).
Particulars |
Total Cost of Studying MBA in UK |
|---|---|
|
Tuition Fees |
32 Lakhs to 91 Lakhs INR (31,000 GBP to 87,000 GBP) |
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Cost of Living |
1,36,500-1,47,000 INR (£1300-£1400) per month in London or 94,500-1,36,500 INR (£900-£1300) in the rest of the UK |
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Top Colleges |
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Scholarships |
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Popular MBA Programs |
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MBA Fees at the Top 10 Universities in the UK
The UK is a top destination for an MBA abroad, but it is also among the most expensive options. The annual tuition fees for an MBA course in the UK range from GBP 31,000-87,000 (INR 32 to 91 Lakhs) per year. Despite the high cost of living, several UK universities offer quality MBA programs at more affordable prices. Below is a list of top MBA colleges in the UK for Indian students, along with their tuition fees and course duration:
MBA Universities/College |
QS Global Rankings 2025 |
Course Duration |
Annual MBA fees in the UK |
|---|---|---|---|
|
2 |
1 year |
INR 71.4 Lakhs (GBP 67,500) |
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3 |
1 year |
INR 75.73 Lakhs (GBP 71,540) |
|
|
5 |
1 year |
INR 75,7 Lakhs (GBP 67,000) |
|
|
9 |
1 year |
INR 49.7 Lakhs (GBP 47,000) |
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27 |
1 year |
INR 38.6 Lakhs (GBP 36,500) |
|
|
34 |
1 year |
INR 53 Lakhs (GBP 50,000) |
|
|
40 |
1 year |
INR 51 Lakhs (GBP 48,000) |
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50 |
1 year |
INR 93 Lakhs (GBP 87,600) |
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|
54 |
1 year |
INR 30.6 Lakhs (GBP 28,900) |
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69 |
1 year |
INR 46.5 Lakhs (GBP 44,000) |
Suggested: Top MBA Colleges in UK for Indian Students
MBA Cost in the UK: Pre & Post Arrival Expenses
Studying for an MBA in the UK involves understanding pre-arrival and post-arrival expenses. Pre-arrival costs for an MBA in the UK include application fees, visa fees, and travel expenses, while post-arrival expenses include tuition fees, accommodation, living costs, and personal expenses. Nevertheless, if you manage your finances properly, international students can live comfortably in the UK. To be able to reduce the overall cost of studying MBA in the UK, you may need to adjust your lifestyle a little bit.
Pre-Arrival Expenses for an MBA in UK
Pre-arrival MBA costs in the UK include application fees, standardized test fees, visa, and health surcharge fees, as well as travel and initial accommodation expenses. Proper budgeting for these expenses ensures a smooth transition and helps students manage their finances effectively.
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Particulars |
Average Cost in GBP |
Average Cost in INR |
|---|---|---|
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Application Fees |
50-200 |
5,250-21,000 |
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GMAT/GRE Fees |
250 |
26,250 |
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English Proficiency Tests |
150 |
15,750 |
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Visa Fees |
350 |
36,540 |
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Health Surcharge |
470/year |
49,350/year |
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Airfare |
500-1000 |
52,500-105,000 |
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Initial Accommodation |
600-1200 |
63,000-126,000 |
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Miscellaneous Expenses |
200-500 |
21,000-52,500 |
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University Deposit Fees |
1000-2000 |
105,000-210,000 |
Post-Arrival Expenses for an MBA in UK
The cost of living in the UK for an MBA can vary significantly based on location, with major cities like London being more expensive. On average, students can expect to spend around 12,000 GBP to 15,000 GBP annually (approximately 12 Lakhs to 15 Lakhs INR) on accommodation, food, transportation, and personal expenses. Budgeting for these costs is essential for managing finances while studying in the UK.
Particulars |
Average Monthly Cost of MBA in UK in GBP |
Average Monthly Cost of MBA in UK in INR |
|---|---|---|
|
Accommodation in the UK |
1,150 |
1,20,750 |
|
Food |
170 |
17,850 |
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Mobile Phone & Internet |
45 |
4,725 |
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Utilities |
300 |
31,500 |
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Transportation (Monthly Pass) |
70 |
7,350 |
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Miscellaneous |
150 |
15,750 |
Suggested: Cheap & Affordable MBAs in the UK
Popular Scholarships to Lower MBA Costs in the UK
Scholarships are integral for easing the financial burden of MBA programs in the UK, offered by top institutions and government bodies like Chevening Scholarships. These awards, including those from London Business School and the University of Oxford's Said Business School, support talented individuals with exceptional academic and leadership potential, making UK MBA programs more accessible and diverse. Some of the university-sponsored MBA scholarships are given below:
University |
MBA Scholarship |
Amount (GBP) |
Eligibility |
|---|---|---|---|
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Imperial College London |
Imperial Women Scholarship |
Variable |
Meritorious female candidates with high and well-balanced GMAT |
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GMAT Excellence Award |
5350 |
Overall GMAT score: 750+ |
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Imperial Business Scholarships |
Variable |
Meritorious students |
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London Business School |
BK Birla Scholarships |
Up to full fees |
Academic excellence and honoring the legacy and values of BK Birla. |
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London Business School Fund Scholarship |
Up to full fees |
Academic and professional merit and the ability to contribute to all aspects of an MBA |
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Cambridge Judge Business School |
St. Catherine’s Benavitch Cambridge MBA Scholarships |
10,000 |
GPA: 3.7 and MBA: 700 |
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University of Edinburgh |
Victor H. Loewenstein Scholarship |
5000 |
Non-UK applicant |
Other scholarships include the Inlaks Shivdasani Foundation Scholarships (Merit-based and up to 100,000 USD), GREAT Scholarship (Merit-based and 10,000 GBP), Felix Scholarships, Hornby Scholarships, Charles Wallace India Trust Scholarships, and so on. Most scholarships cover tuition fees, accommodation costs, and sometimes, travel expenses.
Average Salary of MBA Graduates in the UK
While the cost of studying an MBA in the UK is high, graduates often see a substantial increase in their earning potential. The average salary for MBA graduates in the UK ranges from £64,000 to £128,000, which is approximately ₹56 lakhs to ₹1.12 crores per annum. Despite the high MBA fees in the UK, top recruiters such as Deloitte, PwC, and McKinsey & Company actively seek out UK MBA graduates for roles in consulting, finance, and technology. This significant return on investment highlights the value of an MBA from a prestigious UK institution.
University |
Average MBA Salary in UK |
Top Recruiters |
|---|---|---|
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London Business School |
£94,343 |
Google, Amazon, McKinsey, Goldman Sachs |
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Cambridge (Judge) |
£75,198 |
Citi, Amazon, McKinsey & Company, Bain & Company |
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Oxford (Said) |
£78,895 |
Amazon, KPMG, HSBC, Cognizant, Deloitte, EY |
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Imperial College Business School |
£68,441 |
Amazon, TikTok, Uber Eats, PwC, HSBC, Deloitte, EY, Boston Consulting Group |
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Warwick Business School |
£70,746 |
Amazon, Genpact, HSBC, EBay, JP Morgan, Capgemini, Gartner |
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University of Edinburgh Business School |
£93,200 |
Google, KPMG, Deloitte, Amazon, Citibank, Salesforce |
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Durham University Business School |
£1,17,289 |
Hitachi, Boeing, P&G, Airbus, PwC, Diageo, EY |
|
City’s Business School |
£85,000 |
Bain & Company, Blackrock, EY, Maersk, Malayamart, Quanta Computers, PwC, Comcast, Ardian, Swoop |
Suggested: MBA in the UK Without Work Experience!
Factors Influencing the Cost of MBA in the UK
The cost of an MBA in UK depends on different factors: the choice of university, the duration of the program, and location. More prestigious institutions will charge more, although shorter programs can bring a lot of cost savings compared to longer versions. In addition, living expenses can vary depending on whether you are studying in a major city like London or a small town. Scholarships, financial support, and your lifestyle are some other major factors that determine the overall cost of an MBA in the UK.
- The primary financial concern for most international students is the MBA fees in the UK.
- The MBA fees in UK vary by business school policies, university choice, course type, and the student's nationality.
- Non-EU students generally pay higher fees for an MBA in UK than local and EU students, who are capped at EUR 9,250 per annum (INR 7 Lakhs).
- The average MBA fees in UK for Indian students range from EUR 35,000 to EUR 58,000 (INR 29.5 Lakhs to INR 48 Lakhs) per year, with some universities charging outside this range.
- For example, the London School of Business charges up to EUR 78,500 (INR 65 Lakhs) per annum for a full-time MBA.
- Some universities in the UK have lower MBA fees; the University of Durham charges EUR 30,000 (INR 25 Lakhs) per academic year.
- MBA Application fees, typically ranging from EUR 25 (INR 2,098) to EUR 60 (INR 5,036), may be required by some MBA schools, including the University of Manchester and the University of Glasgow.
- After acceptance, a deposit fee ranging from EUR 1,000 to EUR 4,000 is required to confirm your place in the program.
How to Reduce the Cost of an MBA in the UK?
- Part-Time Employment: Secure a part-time job to supplement income and gain industry experience.
- University Internships: Explore internships offered by UK universities to gain practical skills and potentially earn stipends.
- Choose Affordable Universities: Opt for MBA universities with lower MBA fees to reduce overall costs.
- Scholarships and Grants: Seek financial aid through scholarships, grants, or awards to alleviate financial burdens.
- Utilize Student Discounts: Take advantage of student discount cards, offers, and coupons to save on daily expenses.
From the Desk of Yocket
An MBA from the UK is an investment in one's future—the graduate salary goes as high as £128,000, or ₹1.12 Crore, annually. World-class education and a booming business environment make the UK very attractive to ambitious students. However, the process—from choosing the perfect program to winning scholarships—tends to be a little daunting.
Yocket Premium is a one-stop solution to make the UK MBA journey hassle-free. From finding the most suitable course that matches your career goals and interests to making an effective application that stands out, we have got you covered. Even scholarships won't be a problem. Bring your UK MBA dream into reality with the help of Yocket Premium by your side!
