For many Indian students, pursuing an MBA in the UK is an aspiration, though the significant costs can pose a challenge. Fortunately, many scholarships to study in the UK provide financial support to students, helping ease the burden and enabling access to world-class education and professional development for international students. MBA scholarships in the UK are awarded based on academic merit, leadership potential, and financial need. They are available through both government and private organisations, as well as individual universities.
Key Highlights:
- Top MBA universities in the UK offering scholarships for Indian students include London Business School, the University of Oxford (Saïd Business School), and the University of Cambridge (Judge Business School).
- Scholarships like the Chevening Scholarship £18,000 (INR 16.67 lakh), Inlaks Scholarship £72,000 (INR 67.07 lakh) and Felix Scholarship (100% fees + living costs) help Indian students manage MBA expenses.
- Most scholarships in the UK require a separate application, and you need to apply for them while applying to the MBA program. Be sure to check the official website for details.
|
Table of Contents: |
|
Why Choose the UK for an MBA?
The UK has become a leading destination for MBA students, offering a blend of academic excellence, affordability, and strong industry connections. With world-class universities, expert faculty, and a diverse, international student body, studying an MBA in the UK provides a unique opportunity to gain a top-tier education and build valuable networks.
- Academic Excellence: The UK is home to world-class universities known for their high academic standards and rigorous curriculum.
- Quality Education: UK universities boast expert faculty with significant industry experience, providing students with practical insights.
- Strong Networking Opportunities: MBA programs in the UK offer robust alumni networks, enabling students to connect with professionals from various fields and backgrounds.
- Cultural Diversity: Over half of MBA students in the UK come from international backgrounds, fostering a culturally diverse and harmonious learning environment.
- Affordable MBA Programs: Compared to countries like the United States, MBA courses in the UK are generally more cost-effective.
- Industry Connections: UK MBA programs often have close ties with industry leaders, offering students valuable exposure and potential career opportunities.
- Career and Mentoring Support: Top UK universities provide career counseling and mentoring services to guide students in maximising their potential and securing employment.
Top 10 MBA Scholarships in the UK for Indian Students
There are a variety of scholarships to study MBA in the UK that can help you manage your study expenses. These scholarships are not just provided by top universities but also by private organisations and the UK Government. Some of the top B-schools offering these scholarships are discussed below:
|
Scholarship Name |
Provided By |
Amount |
|---|---|---|
|
Commonwealth Scholarship & Fellowship Plan (CSFP) |
Ministry of HRD, Govt of India |
Varies (Covers tuition, living expenses, airfare) |
|
Chevening Scholarships |
Chevening (UK Government) |
Fully funded (Covers tuition, living expenses, airfare) |
|
GREAT Scholarships |
UK Universities |
Varies by university (Typically up to £10,000, or INR 93,000) |
|
Commonwealth Shared Scholarships |
Commonwealth Scholarship Commission |
Fully funded (Covers tuition, living expenses, airfare) |
|
The Global Study Awards |
British Council, Study Portals, ISIC |
INR 9 lakh |
|
Goa Education Trust |
Goa Education Trust |
Covers full or half tuition fees. |
|
The Skoll MBA Scholarship |
Said Business School, University of Oxford |
EUR 78,150 or 73 lakh |
|
Felix Scholarships |
University of Oxford, Reading, SOAS |
Fully funded (Covers tuition, living expenses, airfare) |
|
Inlaks Scholarships |
Inlaks Shivdasani Foundation |
Up to USD 100,000 (INR 93,000) (Covers tuition, living expenses) |
|
Charles Wallace India Trust Scholarships |
Various arts/creative organisations |
Varies by award and organisation |
If you are planning to go to the UK for an MBA, explore Yocket Premium. We have helped thousands of students get admitted to premium universities like Cambridge, Oxford, and others, and we can do it for you too! Connect with us to learn more.
1. Commonwealth Scholarship & Fellowship Plan (CSFP)
Open to Indian students for Master’s and PhD programs, selected based on academic excellence and the potential to contribute to India’s development.
|
Application Deadline |
August - November |
|
Amount covered |
Varies (Covers tuition, living expenses, airfare) |
|
Duration |
Whole Program |
|
Provided By |
Ministry of HRD, Govt of India |
|
Eligibility Criteria |
|
2. Chevening Scholarships
A UK government-funded scholarship for Indian students pursuing a Master’s degree in any subject, awarded based on leadership potential and academic excellence.
|
Application Deadline |
August - early November |
|
Amount covered |
Fully funded |
|
Duration |
1 year |
|
Provided By |
Chevening (UK Government) |
|
Eligibility |
|
3. GREAT Scholarships
Offered by UK universities, these scholarships are for a wide range of courses and awarded based on academic merit.
|
Application Deadline |
Jan - May |
|
Amount covered |
Upto EUR 10,000 (INR 93,000) |
|
Duration |
1 year |
|
Provided By |
UK Universities |
|
Eligibility |
|
4. Commonwealth Shared Scholarships
For Master’s students in development-focused fields, awarded based on academic merit and contribution to development in home countries.
|
Application Deadline |
February - March |
|
Amount covered |
Fully funded |
|
Duration |
1 year |
|
Provided By |
Commonwealth Scholarship Commission |
|
Eligibility |
|
5. The Global Study Awards
The Global Study Awards, launched by the British Council, ISIC, and Study Portals, encourages students to pursue higher education abroad. It offers financial support to cover tuition fees, living costs, or other study-related expenses, helping students to gain international experience.
|
Application Deadline |
Twice a year |
|
Amount covered |
9 lakh |
|
Duration |
1 year |
|
Provided By |
British Council, Study Portals, ISIC |
|
Eligibility |
|
6. Goa Education Trust
The Goa Education Trust Scholarship supports students from Goa in pursuing a one-year master’s degree at UK universities. This scholarship provides either full or partial tuition coverage, helping talented students gain world-class education abroad.
|
Application Deadline |
Varies (Depends on the UK university's admission deadline) |
|
Amount covered |
Full or half tuition fees |
|
Duration |
1 year |
|
Provided By |
Goa Education Trust |
|
Eligibility |
|
Ready to find your perfect MBA program in the UK? Use Yocket's College Finder tool to explore top universities that match what you're looking for!
7. The Skoll MBA Scholarship
The Skoll MBA Scholarship at Said Business School, University of Oxford, is a fully-funded award for aspiring social entrepreneurs. It covers the full tuition and provides a living stipend, supporting students who want to use their business skills to make a social impact.
|
Application Deadline |
January (Round 3 Oxford MBA application deadline) |
|
Amount covered |
73 lakh |
|
Duration |
1 year |
|
Provided By |
Oxford University |
|
Eligibility |
|
8. Felix Scholarships
Fully funded scholarships for Indian students to pursue postgraduate degrees at Oxford, Reading, or SOAS. Covering tuition, living expenses, and travel costs, this scholarship supports students throughout their academic program. Applications are accepted from January to March, emphasising academic excellence and societal contributions.
|
Application Deadline |
January - March |
|
Amount covered |
Fully funded |
|
Duration |
Duration of the Program |
|
Provided By |
University of Oxford, Reading, SOAS |
|
Eligibility |
|
9. Inlaks Scholarships
Offering up to USD 100,000, the Inlaks Scholarship is open to Indian students pursuing postgraduate studies at leading global institutions. Applications are accepted from January to April. This scholarship covers tuition and living expenses, supporting academic merit, leadership, and personal growth.
|
Application Deadline |
January - April |
|
Amount covered |
Up to USD 100,000 (INR |
|
Duration |
1-2 years |
|
Provided By |
Inlaks Shivdasani Foundation |
|
Eligibility |
|
10. Charles Wallace India Trust Scholarships
This scholarship supports Indian artists, performers, and creative researchers, covering a range of expenses. The deadlines and amounts vary by the organisation, focusing on creative talent and artistic development. Ideal for students in creative fields, the scholarship provides opportunities for growth and global exposure.
|
Application Deadline |
Varies |
|
Amount covered |
Varies by award and organisation |
|
Duration |
Varies |
|
Provided By |
Various arts/creative organisations |
|
Eligibility |
|
Cost of Studying MBA in the UK for Indian Students
The cost of studying for an MBA in the UK typically ranges from EUR 20,000 to EUR 60,000 (INR 18 lakhs to INR 55 lakhs) for tuition fees, depending on the university and program. Additional expenses, including living costs, materials, and travel, can add another EUR 10,000 to EUR 15,000 (INR 9.3 lakhs to INR 13 lakhs) annually. Students should budget around EUR 30,000 to EUR 75,000 (INR 27 lakhs to INR 70 lakhs) for the entire MBA experience.
Tuition Fees
The UK is a prime destination for MBA aspirants due to its globally recognized institutions and diverse business environment. The average tuition fees for an MBA in the UK range from EUR 30,000 to EUR 50,000 (approximately INR 30 lakh to 50 lakh). Fees can vary significantly based on the university and the program's reputation.
|
University |
Tuition Fees (GBP) |
Tuition Fees (INR) (Approx. in Lakhs) |
Duration |
|---|---|---|---|
|
University of Oxford (Saïd) |
£71,540 |
58.7 lakhs |
1 year |
|
University of Cambridge (Judge) |
£70,000 |
. 57.5 lakhs |
1 year |
|
London Business School |
£109,700 |
90.6 lakh |
15-21 months |
|
Imperial College Business School |
£61,500 |
50.8 lakhs |
1 year |
|
University of Warwick (Warwick Business School) |
£51,200 |
42.5 lakhs |
1 year |
Cost of Living in UK
The average cost of living in the UK for a student is around EUR 12,000 to EUR 15,000 per year (approximately INR 12 lakh to 15 lakh). This includes accommodation, food, transportation, and other personal expenses, varying by location and lifestyle. Living costs in the UK differ based on the city, lifestyle, and type of accommodation. While London is generally pricier, other cities provide more budget-friendly alternatives.
|
Expense Category |
Estimated Monthly Cost (GBP) |
Estimated Monthly Cost (INR) (Approx. in Lakhs) |
|---|---|---|
|
Accommodation (rent) |
£500 - £1,200 |
INR 41,500 - INR 1,00,000 |
|
Food and Groceries |
£150 - £300 |
INR 12,450 - INR 24,600 |
|
Utilities (electricity, water, internet) |
£50 - £150 |
INR 4,150 - INR 12,450 |
|
Transportation (public) |
£50 - £100 |
INR 4,150 - INR 8,300 |
|
Personal Expenses (clothing, entertainment, etc.) |
£100 - £300 |
INR 8,300 - INR 24,600 |
|
Study Materials |
£40 - £100 |
INR 3,300 - INR 8,300 |
|
Miscellaneous |
£50 - £100 |
INR 4,150 - INR 8,300 |
Eligibility Requirements to Apply for an MBA Scholarship in the UK
As a scholarship applicant, there are several eligibility criteria you’ll have to fulfill for both half and fully-funded MBA scholarships UK. There’s high competition for these awards, so you should make your profile stand out among the rest of the applicants to be selected for your scholarship.
Let us have a look at a few generic eligibility criteria that most MBA funding options UK require from applicants:
- The applicant must be an international student
- The applicant must show excellent academic status and prove his or her capacity
- The applicant should be eligible to apply for an MBA degree
- The applicant should have experience in international business management
- A good GMAT or GRE score is also required
- At least two outstanding letters of reference
Other than these, some universities and scholarship agencies in the UK might also require additional eligibility criteria owing to the high competition for the same. If you are looking forward to securing your scholarship for MBA funding in the UK for Indian students, you are advised to work on your portfolio and resume to make it stand out from the rest of the crowd.
How to Apply for MBA Scholarships in the UK?
Applying for scholarships abroad isn’t complicated. You can directly apply on the website of that particular business school. In case of confusion, you can also reach out to the admin department of your desired university to guide you through the process.
To apply for scholarships for an MBA in the UK:
- Visit the official website of the university
- Understand the eligibility criteria for the university scholarship.
- Gather the necessary documents.
- Take the required tests (GMAT, IELTS).
- Register and apply for the scholarship online.
- Await the university's response.
From the Desk of Yocket
Scholarships for MBA programs in the UK offer Indian students significant financial support. Prestigious awards like the Chevening Scholarship, Inlaks Scholarship, and Felix Scholarship cover substantial tuition and living costs, while university-specific scholarships such as the Dean’s Impact Scholarship and Cambridge Judge Dean’s Scholarship award academic and leadership excellence. With a range of scholarships based on merit, leadership potential, and diversity, Indian students have various opportunities to pursue an MBA in the UK for the 2024-25 academic year. Applying early and meeting specific eligibility criteria is key to securing these scholarships.
Are you an Indian student looking to pursue an MBA in the UK for the 2024-25 academic year? Scholarships like the Chevening, Inlaks, and Felix Scholarships, along with university-specific awards, can significantly reduce your tuition and living costs. To maximise your chances, it's essential to apply early and meet the eligibility criteria. At Yocket, we offer a free consultancy call to guide you through the scholarship opportunities, application processes, and eligibility requirements. Let us help you unlock world-class education with the financial support you need. Book your free call today!
