Pursuing a Master's in Business Administration abroad is the ideal approach to lay the groundwork for a bright future. Amongst the most popular countries for pursuing an MBA degree, the United Kingdom tops the list, right after the US. Universities in the UK provide excellent MBA programs and specialisations, outstanding career opportunities, and competitive salary packages. According to AZH, an aggregate of 1,45,610 international students have been enrolled for business and management courses in the UK, in recent years.
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MBA in UK: Course Overview
Before exploring the details about an MBA in the UK, get a brief overview regarding the same by looking at the table below:
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MBA Duration |
1-2 Years |
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MBA Average Tuition Fee |
GBP 16,000 - 80,000 / INR 16,64,520 - 83,22,610 |
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Average GMAT/GRE Score |
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Average English Proficiency Test Scores |
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Types of MBA Programs in UK |
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Why Study MBA in the UK?
The United Kingdom is home to 16 universities among the top 100 in the world, with 4 of them ranking among the top ten, namely Oxford, Cambridge, University College London, and Imperial College London. Due to its reputation for high-quality, competitively priced courses, as well as its history and career prospects, the UK is a popular choice among international students.
The UK is among the top choices to pursue an MBA because of London's standing as one of the most competitive financial hubs worldwide. According to the Graduate Management Admission Council, the 2019/2020 academic year shows that around two-thirds (65%) of students enrolled in the UK master's level business programs, including MBAs, are international. Among the most widely opted MBA specialisations are MBA in Marketing, MBA in Human Resource Management, and MBA in Finance.
The majority of UK MBA programs incorporate a global perspective into their curriculum preparing you for international business. Through networking events, internships, and guest lecturers, you'll get crucial exposure to possible employers. According to Glassdoor, the average salary for an MBA graduate from the UK is GBP 29,650 / INR 30,89,280 per year. This showcases a higher return on investment, adding to the reasons for the UK's popularity for pursuing an MBA among international students.
Most Popular MBA Courses in the UK
MBA universities in the UK specialise in wide courses while ensuring the best possible education for their students. Tabulated below are some MBA specialisations widely opted for by international students:
- MBA in General Management
- MBA in Marketing
- MBA in Finance
- MBA in Human Resource Management
- MBA in Business (Others)
- MBA in International Business
- MBA in Supply Chain Management
- MBA in Healthcare Management
Top 5 Universities for MBA in the UK
The United Kingdom is home to some of the top universities and business schools in the world. They offer specialisations and practical exposure. and an up-to-date curriculum to bring out the best in students. Be it academics, research, or practical training, the MBA universities in the UK have it all.
Here is a list of the top MBA universities in the UK, with their QS World University Rankings 2024 and fee structure.
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University Name |
QS Ranking 2024 |
Fee Structure (Annual) |
|---|---|---|
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Cambridge University, Judge Business School
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12 |
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Oxford University, Said Business School
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16 |
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21 |
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University of Manchester, Alliance Manchester Business School |
46 |
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56 |
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Eligibility Criteria and Admission Requirements for MBA in UK
The eligibility requirements for an MBA in the UK vary by university and course duration. However, some basic requirements for an MBA for 1 year are:
- Bachelor’s Degree
- GMAT/GRE score
- English Language Proficiency (IELTS/TOEFL/PTE)
- Work Experience
- Passport & Visa
In detail:
1. Bachelor’s Degree
Every applicant needs to have graduated with a bachelor's degree from an accredited university. Your goal for elite universities should be a GPA of 60% or above, or 3.0-3.5 on a 4.0 scale.
2. GMAT/GRE score
The best MBA programs in the UK require applicants to have decent GRE or GMAT scores. However, the GMAT score varies according to the university and MBA program selected. The following are the standard score requirements:
3. English Language Proficiency (IELTS/TOEFL/PTE)
As an international student, you must prove your proficiency in the English language by submitting scores at the time of application. The minimum scores accepted by most UK universities for MBA programs are:
4. Work Experience
Although not mandated, a work experience of three years is usually preferred by most UK universities offering MBA programs.
5. Passport & Visa
Having a valid passport and student visa are the mandatory requirements for pursuing any program abroad. International students must pay approximately GBP 363 / INR 37, 800 for a student visa. Remember to apply for your UK student visa at least three months before your anticipated departure date.
MBA in the UK Without Work Experience
Documents Required for Applying to MBA in UK Universities
Admission for MBA in UK requires you to produce a set of documents. Some of the common document requirements for ensuring your MBA duration in UK are mentioned below:
- Transcripts of all educational qualifications
- 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.
Admission Process for MBA in UK
Here is a step-by-step guide to applying for an MBA in the United Kingdom:
- Step 1: Shortlist the MBA program you wish to pursue and the UK university offering it.
- Step 2: Research the eligibility and the admissions process by visiting the official university website.
- Step 3: Upload scanned copies of your LORs, SOPs, resume, transcripts, scorecards for the GMAT and GRE, and IELTS and TOEFL.
- Step 4: Complete the required application and send in the application fee. This can vary university-wise, and go up to GBP 200 / INR 20,840.
- Step 5: Attend an interview if requested.
- Step 6: Upon receiving the conditional offer letter, you can reserve the seat by paying the non-refundable deposit fee.
Complete Guide to 1-Year MBA in UK!
Let us now discuss MBA in UK cost!
Cost of Studying MBA in UK
The total cost of studying for an MBA in the UK can be separated into two categories: living expenses and tuition. Let's examine them in more detail!
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Tuition fees for MBA in UK
The cost of a UK MBA varies depending on the specialisation and the university selected. The annual tuition for UK MBA institutions usually varies from GBP 21,916 - 1,15,000 / INR 22,83,740 - 1,19,75,090 per year.
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Living Expenses in UK
The cost of living in the UK varies depending on the city you live in and your lifestyle choices. For overseas students, the annual cost ranges from GBP 289 - 454 / INR 30,090 - 47,280 per month. This includes rent, food, transportation, stationery, and leisure activities.
Cost of Living in UK for International Students
Top MBA Scholarships in UK
There are several MBA scholarships in the UK for Indian students. Most of them are fully funded and merit-based. Some popular MBA scholarships in the UK are tabulated below:
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Scholarship Name |
Awarded to |
|---|---|
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Advisory Board Scholarship |
Students with an excellent academic background pursuing full-time MBA at Imperial College Business School. Amount/Benefit: Covers Full tuition fee |
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Dean’s Impact Scholarship |
Amount/Benefit: GBP 25,000 / INR 26,00,330 |
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The Victor H. Loewenstein Scholarship |
One meritorious international student pursuing a full-time MBA at the University of Edinburgh. Amount/Benefit: GBP 5,000 / INR 5,20,070 |
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MBA Leadership Scholarships |
Meritorious international students pursuing full-time and part-time MBA at the University of Edinburgh. Amount/Benefit: GBP 10,000 / INR 10,40,130 |
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The 30% Scholarship EMBA |
Female candidates pursuing Executive MBA at London Business School with a proven track record of success demonstrated during the application and interview stages. Amount/Benefit: Upto 50% of the full tuition fees |
Job Opportunities after MBA in the UK
The prospects an MBA degree from the UK provides in terms of salary packages and employment positions are one of the top reasons why international students opt to pursue their degree there. Tabulated below are some of the job titles alongside their average salaries for MBA graduates from the UK:
Job Title |
Average Salary (yearly) |
|---|---|
Financial Analyst |
GBP 35,000 - 64,000 / INR 36,40,680 - 66,57,240 |
HR Manager |
GBP 50,000 - 80,000 / INR 52,00,970 - 83,21,550 |
Marketing Manager |
GBP 47,000 - 156,000 / INR 4888910 - 1,62,27,030 |
IT Manager |
GBP 48,000 - 65,000 / INR 49,92,930 - 67,61,260 |
Business Development Manager |
GBP 45,000 - 83,000 / INR 46,80,870 - 86,33,610 |
Jobs and Salaries After MBA in the UK
Top Recruiters after MBA in the UK
The UK is a hub for business and finance, attracting a large pool of talented MBA graduates. Here are some of the top recruiters for MBA graduates who have completed their education in the UK:
- Consulting Firms: Top consulting firms like McKinsey & Company, Boston Consulting Group (BCG), Bain & Company, Accenture, Deloitte, EY, PwC, and KPMG.
- Financial Institutions: Major banks and investment firms such as Barclays, HSBC, Standard Chartered, Goldman Sachs, J.P. Morgan, Morgan Stanley, and BlackRock.
- Tech Companies: Big tech companies like Google, Amazon, Facebook, Apple, and Netflix.
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Know More About Studying in the UK |
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From the Desk of Yocket
MBA is one of the most popular courses pursued by international students in the UK. And why wouldn't it be? By giving you access to great employment prospects and professional networking opportunities, MBA degrees from UK universities offer substantial returns on investment. In addition, the UK's welcoming culture and diversity offer a favourable atmosphere for your overall growth.
When applying for an MBA in the UK, there are tens of things you need to take care of. Transcripts, SOPs, visa - the list is endless. And that is why Yocket’s experts are here to share the responsibilities of shortlisting universities, finding the best scholarships, cost planning, and other things. With their end-to-end assistance, you will be on your way to pursue your academic goals in no time! Schedule A FREE Video Consultation Call Today!