Reasons To Choose One Year MBA In UK

Over the last decade, one-year MBA abroad has grown into popularity, especially as more candidates with greater experience commit to a full-time MBA. These courses are normally more demanding, and internships are rarely offered. However, the compensatory gains are not insignificant. 

Some of the benefits of pursuing one year MBA in UK are:

• You will get a better grasp of the current business modules through the opportunity to learn from knowledgeable faculty members who are genuine entrepreneurs also.
• UK universities offer a one-year MBA course that covers various topics through teaching and seminars. This includes leadership development, application training, and network building.
• Shorter duration of a 1-year MBA course in UK equals reduced opportunity cost, (typically) lower tuition fees and lower out-of-pocket living costs. In general, the one-year MBA program in the UK would cost around 10,000-15,000 EUR (INR 10-15 lakhs).
• Moreover, there is no compulsion to have work experience for a one year MBA course. You can opt for a one year MBA in the UK without work experience.

Suggested:All About an MBA in UK 

Eligibility Criteria for One Year MBA in UK

To apply for a one year MBA program in the UK, you will have to follow the eligibility criteria. Although the needs and requirements for MBA admission in UK depends upon the university you choose. Some basic requirements for 1 year MBA in UK by top universities are:

• Undergraduate Degree

• GMAT or GRE Score

• Work Experience

• Language Requirements

• Passport & Visa

Let us now take a closer look at the requirements and eligibility for one year MBA in UK:

Undergraduate Degree

All applicants must have completed an undergraduate degree from a recognized institute to apply for the best 1 year MBA programs in UK. A GPA score of 3.0-3.5 on a scale of 4.0  or a score of 60 % or higher should be your target for top universities to study 1 year management course in UK. Original transcripts are usually required.

GMAT or GRE Score

The top universities in UK for MBA have made it compulsory for the students to have decent GMAT or GRE scores. The GMAT score varies depending on the type of MBA program and university you choose. The general scores are:

• GMAT - 650 or above
• GRE - 160 (Verbal and Quantitative)

Suggested:GRE Practice Tests by Yocket

Work Experience

Minimum 3 years of professional work experience in the relevant field is a must at the time of application to 1 year MBA course in UK. However, not all universities have a mandatory requirement, but it is always preferred.

:MBA Without Work Experience in UK 

Language Requirements

The English proficiency test is mandatory for all international students to get admission to the universities of UK for 1 year MBA. Minimum scores as per the tests are:

• IELTS – 6.0 - 7.5
• TOEFL – 110
• DET - 115 - 125

Passport and Visa

A valid passport and student visa are a must for all international students to study any course at any university in UK. Do keep in mind to apply for your visa at least 3 months prior to the expected date of travel.

:A Guide to Executive MBA in UK 

Documents Required For One Year MBA in UK

Admission to 1 year MBA in UK universities requires a set of documents. Some of the common document requirements are mentioned below:

• Transcripts of all educational qualification
• CV or Resume
• LOR or Letter of Recommendation
• SOP or Statement of Purpose
• Scorecards of IELTS/TOEFL
• Scorecards of GMAT/GRE
• Work experience certificate
• Proof of Funds
• A write-up describing your intention behind opting to study MBA in UK. Do also include your specific area of interest and any prior achievements you have.

:How to Draft an SOP for MBA?

Top Colleges Offering Best One Year MBA Programs in UK

Here are some of the leading colleges offering best one year MBA programs in the UK:

• Oxford University

• Cambridge University

• ESCP Business School

• University of Stirling

• London School of International Business

Now let us discuss all the top 5 colleges offering one year MBA programs in UK one by one:

Oxford University

The Oxford MBA programme at Said Business School seeks to equip future business executives to face the world's most pressing challenges in the twenty-first century. The Oxford MBA is a one-year programme that gives students a solid foundation in major business disciplines and skills, based on current best practises and scholarly research.

QS Global MBA Ranking 2022	13
Program Offered	Oxford MBA
Average Program Fee Per Year	74,373 EUR or 60,00,000 INR

Cambridge University

Cambridge Judge Business School believes in transforming individuals, organisations and society. The MBA programme here is based on up-to-date thinking from academia and professional practice. It focuses on equipping the learners with both theoretical and experimental learning. Overall, CJBS is a powerhouse for inspiring and researching while adhering to the practical needs of the market.

QS Global MBA Ranking 2022	17
Program Offered	Full - Time MBA
Average Program Fee Per Year	70,000 EUR or 55,00,000 INR

ESCP Business School

Established in 1819, the ESCP Business School offers quality education for its students. The School opts to teach responsible leadership that is global in scope and founded on European multiculturalism. The stepping stones that allow students to experience this European approach to management are six campuses in Berlin, London, Paris, Warsaw, and Madrid.

QS Global MBA Ranking 2022	49
Programs Offered	Executive MBA
Average Programs Fee Per Year	37,000 EUR or 30,00,000 INR

:Best MBA Scholarships to Study Abroad 

University of Stirling

The University of Stirling is a reputable public university in Stirling, Scotland, that was founded in 1967 by a royal charter. The university's first chancellor was Lord Lionel Robbins, a well-known economist. At the university's five faculties, students can pursue bachelor's and master's degree programs. The one-year MBA course at this institute is designed to offer different prospects for business administration.

QS Global MBA Ranking 2022	N/A
Programs offered	MBA in Finance,  Economics,  Operations Management, HRM
Average Programs Fee Per Year	18,500 EUR or 15,00,000 INR

 

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London School of International Business

The London School of International Business (LSIB) is a ten-year-old university that offers a wide range of online degree and diploma programs, especially the one year MBA program. LSIB provides you with the opportunity to advance both professionally and personally. The faculty of this university balances work hours, family obligations, and everyday responsibilities with the potential of earning a degree.

QS Global MBA Ranking 2022	N/A
Program Offered	MBA in Accounting, Finance and Statistics
Average Program Fee Per Year	87,900 EUR or 70,00,000 INR

:Cost of Studying MBA in UK 

Admission Process For One Year MBA in UK

A step by step guide to apply for 1 year MBA in UK is as follows:

• Finalise among the 1 year management courses in UK those you want to pursue and check for the best university offering that course.
• Visit the official university website and collect all data relating to eligibility and the admission process.
• Upload scanned copies of all the required documents (transcripts, CV, IELTS/TOEFL, GMAT/GRE scorecards)
• Fill the desired application form and pay the fee.
• Go through an interview with the respective university directors. This is a great opportunity to display your soft skills and presence of mind.
• Once you receive the conditional offer letter after clearing your interview, you may book your seat at the particular university.
• Pay your deposit by agreeing to the terms and conditions of the university. The deposit here is non-refundable.

:Cheapest MBA Colleges in UK 

Cost of 1- Year MBA in UK 

Moving on, the 1 year MBA in UK cost includes both- the tuition fees along with the living expenses in UK. with an average annual tuition fee of 40,000 EUR and annual expenses of 120,000 EUR; the overall 1 year MBA in UK cost can be estimated to be about 200,000 EUR or 1,50,00,000 INR per annum. 

:Cost of Living in the UK 

Jobs After One Year MBA in UK

Students can take up post-study work using a visa. Anyone, including students of Indian nationals with proper immigration status in the UK, can apply for this post-study employment visa. The graduate route is open to all students enrolled in a UK higher education provider-approved institution.

After completing an MBA from one of the best UK universities, you might earn up to INR 95 lakh per year in reputable Indian companies. You will also find companies hiring candidates with one year MBA in the UK without work experience.

There are different positions in different companies students can get post one year MBA programs in the UK:

Job Position	Salary Annually
Investment Banker	30,000- 50,000 EUR
Financial Manager	40,300 -88,700 EUR
Chief Technology Officer	80,000-90,000 EUR
Investment Bank Manager	60,000-64,000 EUR

:Jobs and Salaries After MBA in UK 

One year MBA in UK universities help in making a whole new transition in the career. One can ensure having a good education and post-graduate benefits in one career. With low fees and an easy admission process, aspirants can have a smooth functioning one year MBA course. For more guidance and assistance, get in touch with our counselors at Yocket now!