MBA Scholarships in UK: Application Criteria, Deadlines, Amount Awarded, Duration & More Image
MBA: The Why, The Whats & The Hows

MBA Scholarships in UK: Application Criteria, Deadlines, Amount Awarded, Duration & More

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Yocket Editorial Team
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MBA in the UK is a globally recognized degree with around 28 institutions ranked in the QS Global MBA rankings 2022 among which 11 B-schools ranked in the top 100. One of the accolades held by top B-schools in the UK is the AACSB accreditation which is exclusively offered to 5% of the business schools in the world. With the excellent opportunities comes huge costs which are feasible when compared to the returns on investment.

Therefore, if you are looking for ways to finance your MBA in the UK, you must definitely consider UK MBA scholarships for Indian students. In this guide, we will give you a complete outlook about fully funded MBA scholarships in UK as well as other merit and need-based scholarships including the eligibility criteria, application process, deadlines, benefits, capacity, duration and more.

Table of Contents:

  1. How Much Does it Cost to Study an MBA in UK?
  2. Popular MBA Scholarships in UK
  3. Other Popular Scholarships for MBA in UK
  4. Frequently Asked Questions about MBA Scholarships in UK

How Much Does it Cost to Study an MBA in UK?

The average cost of an MBA in UK is somewhere around £30,000 - £95,000 per year, the advantage being that MBA programs in UK are usually only 1 year long. You will see that the MBA tuition fees at private B-schools are much higher than public institutions.

You will also be paying the rent of accommodation, utility bills, food, transportation and personal expenses while staying in UK. Your costs will be higher if you are living in London as it can go up to £1800-2000 per month while you will need £1500-1800 per month for staying in any other part of UK. The minimum amounts that must be in your bank account to fulfill visa requirements for studying in UK are £12,180 per year for anywhere in UK and £15,180 per year for living in London.

Popular MBA Scholarships in UK

There is an array of MBA scholarships in UK for Indian students that can help you manage your expenses for studying in UK. These MBA scholarship in UK are not just provided by top universities but also private organizations and the UK Government. Some of the top B-schools offering a number of UK MBA scholarships for Indian students and discussed below are Imperial College Business School, Said Business School, Manchester Business School, Judge Business School and University of Liverpool Management among others.

Let us take a look at the details of the scholarships provided by the university:

  • Dean’s Impact Scholarship, Imperial College Business School

Among various scholarships awarded by Imperial College Business School to international MBA applicants, Dean’s Impact Scholarship is counted among one of the most prestigious one. Achievement is assessed on the basis of 5 key areas including entrepreneurship, technology and innovation, leadership, sustainability and social impact.

Application Process

No separate application required

Application Deadlines

Final round MBA application deadline

Amount Covered

£25,000

Number of Awards

Varies

Duration

One-time award

  • Executive MBA Scholarship for Women, Said Business School

The Executive MBA Scholarship for Women in association with the 30% club is specifically meant for exceptional female candidates to increase participation of women in senior leadership positions.

Application Process

Executive MBA application with supporting statement

Application Deadlines

25 July 2022 (for January intake)

Amount Covered

50% of the course fees

Number of Awards

4

Duration

Program duration

  • Manchester Merit Scholarships, Manchester Business School

Merit scholarships as the name suggests, are awarded to outstanding applicants identified at the time of admission. To be considered, students must have a minimum GMAT score of 600. The notification of scholarship will be sent to you along with the offer for admission on a rolling basis so applying early might increase your chances of getting a scholarship.

Application Process

No separate application required

Application Deadlines

Same as program application deadline

Amount Covered

Varies

Number of Awards

Varies

Duration

One-time award

  • Cambridge Judge Dean’s Scholarship for Outstanding Academic Achievement, Judge Business School

The Judge Business School awards scholarships to students with excellent academic records, attitude, skills, outlook, GMAT scores, etc. Applying early is the key to be considered for the Cambridge Judge Dean’s Scholarship for Outstanding Academic Achievement.

Application Process

No separate application required

Application Deadlines

Apply by round 2 or 3 for MBA admission

Amount Covered

£15,000

Number of Awards

3

Duration

One-time award

  • ULMS Liverpool MBA Excellence Scholarship, University of Liverpool Management

The ULMS Liverpool MBA Excellence Scholarship are full or partial tuition waivers awarded to academically and professionally outstanding students who have at least a 2:1 undergraduate degree, 4 or more years of work experience and leadership skills.

Application Process

No separate application required

Application Deadlines

Same as program deadline

Amount Covered

Full or partial tuition fees

Number of Awards

Varies

Duration

One-time award

Suggested: Know more scholarships for international students

Other Popular Scholarships for MBA in UK

Apart from the university-provided scholarships, private organizations offer the opportunity to study MBA in UK with scholarship. These scholarships are one-time awards and require a separate application so the application deadlines must be strictly adhered to. Multiple awards of each of these scholarships are given every year. Here is a table showing some other popular scholarships provided by private organizations along with the amount awarded:

Name of Scholarship

Amount Awarded

Chevening Scholarship

£18,000

Inlaks Scholarship

£72,000

GREAT Scholarship

£10,000

Rhodes Scholarship

£59,490

Felix Scholarship

100% of course fees plus a grant for living costs and a return flight ticket

Saltire Scholarship

£8,000

Suggested: Know about Jobs and Salary after MBA in UK

Here we conclude the discussion on options of scholarship to study MBA in UK. It is quite possible to land an MBA full scholarship UK and study a world-class degree at minimum cost. The costs of studying MBA in UK can be overwhelming so prepare yourself to be a top candidate right from the beginning. Also, keep in mind that you must apply as early as possible to get maximum consideration for admission and scholarships. So here’s how you can study MBA in UK with scholarship.

Frequently Asked Questions about MBA Scholarships in UK

Ques. Is it hard to study MBA in UK with scholarship?

Ans. Getting an MBA scholarship in UK is tough given the competition among applicants. If you meet the eligibility criteria, have outstanding academic records, GMAT scores, professional achievements or you are an international student or from an underrepresented community, there are higher chances of getting a scholarship.

Ques. Does the UK government provide MBA scholarships in UK for Indian students?

Ans. Yes, the UK government provides MBA scholarships in UK for Indian students. You can check the variety of available scholarships at the UKCISA (UK Council for International Student Affairs) website.

Ques. Are there fully funded MBA scholarships in UK?

Ans. Yes, there are some fully funded MBA scholarships in UK such as Clarendon Fund, Oxford-Indira Gandhi Graduate Scholarships, Felix Scholarship, London Business School Funds Scholarship, etc.

Ques. Are MBA scholarships in UK for international students available for complete program duration?

Ans. Clearly, whether MBA scholarships in UK for international students will be available for the complete program duration or not varies with the type of scholarship. Some scholarships are only awarded as one-time awards while others may cover the entire program duration. Since MBA in UK can be completed in 1 year, there are several scholarship options for the complete program.

Ques. What GMAT score is required to get an MBA scholarship in UK?

Ans. If you are aiming for a merit-based scholarship from one of the top MBA colleges in UK, you will need a GMAT score of at least 700.

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