MBA Fees in the UK vary based on the university/college location and the academic level pursued. Typically, tuition fees for an MBA in the UK range from 40,000 GBP to 80,000 GBP per year or for the entire duration of the program. 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.
- The average salaries of MBA graduates in the UK are around GBP 80,000 to GBP 120,000 per year (INR 72,00,000 to INR 1,08,00,000).
- Scholarships, such as the Chevening Scholarship, Said Business School Foundation Scholarship, and Cambridge Trust Scholarships are available,
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MBA Fees in the UK at Top Universities
UK is one of the best destinations for an MBA for international students, but it is also one of the most expensive. The annual tuition fee for an MBA in the UK usually ranges from GBP 31,000-87,000 (INR 32 Lakhs to 91 Lakhs) per year. Despite the high cost of living in the UK, various MBA colleges also offer quality MBA programs at a reasonable price. The following is a list of the most popular universities offering MBA programs for Indian students with average UK MBA fees:
|
Name of the University |
Duration |
Exam Required |
Annual Tuition Fees |
|---|---|---|---|
|
1 year |
GMAT, GRE |
EUR 49,783 (INR 41.8 Lakhs) |
|
|
1 year |
GMAT, GRE |
EUR 77,533 (INR 65.1 Lakhs) |
|
|
1 year |
IELTS: 7, PTE: 62 |
EUR 40,612 (INR 34.1 Lakhs) |
|
|
15-21 Months |
GMAT: 600, GRE |
EUR 72,174 (INR 60.6 Lakhs) |
|
|
1 year |
GMAT |
EUR 70,149 (INR 58.9 Lakhs) |
|
|
1 year |
GMAT: 600. IELTS: 7 |
EUR 46,210 (INR 38.8 Lakhs) |
|
|
13 months |
GMAT, GRE |
EUR 47,996 (INR 40.3 Lakhs) |
|
|
1 year |
IELTS: 6.5, PTE: 58 |
EUR 29,060 (INR 24.4 Lakhs) |
How Much Does MBA Cost in 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. Living costs, including accommodation, food, and transportation, are estimated at around GBP 12,000 to GBP 15,000 per year (approximately INR 12 Lakhs to 15 Lakhs).
|
Particulars |
MBA Cost in the UK |
|---|---|
|
UK MBA Fees |
32 Lakhs to 91 Lakhs INR (31,000 GBP to 87,000 GBP) |
|
Living Costs |
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 |
|
Top Colleges |
|
|
Scholarships |
|
|
Popular MBA Programs |
|
Suggested: Cheapest MBA Colleges in the UK
MBA Fees in the UK: Pre & Post Arrival Costs
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 encompass UK MBA 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.
Cost of MBA in the UK (Post-Arrival Expenses)
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 in GBP |
Average Monthly Cost in INR |
|---|---|---|
|
Accommodation in the UK |
1,150 |
1,20,750 |
|
Food |
170 |
17,850 |
|
Mobile Phone & Internet |
45 |
4,725 |
|
Utilities |
300 |
31,500 |
|
Transportation (Monthly Pass) |
70 |
7,350 |
|
Miscellaneous |
150 |
15,750 |
Cost of MBA in the UK (Post-Arrival Expenses)
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.
|
Particulars |
Average Cost in GBP |
Average Cost in INR |
|---|---|---|
|
Application Fees |
50-200 |
5,250-21,000 |
|
GMAT/GRE Fees |
250 |
26,250 |
|
English Proficiency Tests |
150 |
15,750 |
|
Visa Fees |
350 |
36,540 |
|
Health Surcharge |
470/year |
49,350/year |
|
Airfare |
500-1000 |
52,500-105,000 |
|
Initial Accommodation |
600-1200 |
63,000-126,000 |
|
Miscellaneous Expenses |
200-500 |
21,000-52,500 |
|
University Deposit Fees |
1000-2000 |
105,000-210,000 |
MBA Fees in the UK: Scholarships for International Students
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 |
Scholarship |
Amount (GBP) |
Eligibility |
|---|---|---|---|
|
Imperial College London |
Imperial Women Scholarship |
Variable |
Meritorious female candidates with high and well-balanced GMAT |
|
GMAT Excellence Award |
5350 |
Overall GMAT score: 750+ |
|
|
Imperial Business Scholarships |
Variable |
Meritorious students |
|
|
London Business School |
BK Birla Scholarships |
Up to full fees |
Academic excellence and honoring the legacy and values of BK Birla. |
|
London Business School Fund Scholarship |
Up to full fees |
Academic and professional merit and the ability to contribute to all aspects of an MBA |
|
|
Cambridge Judge Business School |
St. Catherine’s Benavitch Cambridge MBA Scholarships |
10,000 |
GPA: 3.7 and MBA: 700 |
|
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 and Jobs of MBA Graduates in the UK
While the cost of studying MBA in the UK is high, graduates experience a massive surge in earning potential. These estimates show that UK MBA holders' average salaries can be anything from £64,000 to as much as £128,000, if not more. This is approximately ₹56 lakhs to ₹1.12 crores per annum. Reports suggest that some top recruiters like Deloitte, PwC, and McKinsey & Company hire UK MBA graduates in consulting, finance, and technology.
|
University |
Average Expected Graduate Salary |
Top Recruiters |
|---|---|---|
|
London Business School |
£94,343 |
Google, Amazon, McKinsey, Goldman Sachs |
|
Cambridge (Judge) |
£75,198 |
Citi, Amazon, McKinsey & Company, Bain & Company |
|
Oxford (Said) |
£78,895 |
Amazon, KPMG, HSBC, Cognizant, Deloitte, EY |
|
Imperial College Business School |
£68,441 |
Amazon, TikTok, Uber Eats, PwC, HSBC, Deloitte, EY, Boston Consulting Group |
|
Warwick Business School |
£70,746 |
Amazon, Genpact, HSBC, EBay, JP Morgan, Capgemini, Gartner |
|
University of Edinburgh Business School |
£93,200 |
Google, KPMG, Deloitte, Amazon, Citibank, Salesforce |
|
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 |
Factors Influencing the Cost of an 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 UK MBA fees 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 UK MBA fees 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.
Suggested: Know About MBA in London
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.
Suggested: MBA in the UK Without Work Experience!
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!
