MBA in UK has always been one of the most popular courses for students across the world. This degree offers you a lot of originality and brings some of the most amazing job opportunities. It is a programme that is designed to equip students with information that can be used in real-life situations. For decades, the UK has been the best destination for pursuing an MBA. Thus, this blog covers everything about MBA in the United Kingdom, top colleges, fees, jobs, scholarships and much more. But first, let’s discuss why to study MBA in the UK.
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An MBA award from the UK is one of the most highly reputed qualifications in the world, and graduates are valued in every type of industry. Choosing to study for an MBA in the UK is a life-changing decision that will provide students with logical thinking. However, the UK offers many benefits to MBA aspirants, below are some of them mentioned.
Must Read : Tips to Study in UK: Visa, Universities & Cultural Differences
In essence, these are some of the reasons to pursue an MBA in the United Kingdom. By pursuing an MBA program in the UK students can avail several job opportunities with high salaries. Thus, to help you earn an MBA degree the next section talks about the best universities to pursue MBA in the UK.
The UK is a world leader in MBA education, leadership, class and faculty diversity, and new parameters like employment and international research networks. Thus, mentioned below is the list of top MBA universities in UK as per the QS World University Ranking Body:
Must Read: A Guide to Top 5 Best Universities in UK for International Students!
|
MBA University in the UK |
QS Global MBA Rankings 2024 |
|---|---|
|
London Business School |
#4 |
|
University of Cambridge |
#9 |
|
University of Oxford |
#18 |
|
Imperial College Business School |
#20 |
|
Warwick Business School |
#36 |
|
University of Manchester |
#49 |
|
University of Edinburgh Business School |
#64 |
|
Cranfield School of Management |
#82 |
|
City’s Business School |
#101-110 |
|
Durham University Business School |
#101-110 |
Overall, the above section talks about the best universities in the UK and their QS World University Rankings according to the data of 2024. Now let’s talk in the next section about MBA fees in the UK for Indian students.
The UK provides top-notch MBA universities, but that status comes at a cost. For Indian students, the tuition fee is the most significant factor that contributes overall to their studies. In addition, depending on the degree one wants to pursue, the living cost in the UK for Indian students varies. However, the average cost of living in UK is to be around 84.7k INR per month. Also, as per the data we have mentioned the table below provides the average tuition fees of the top universities of MBA in the United Kingdom.
|
MBA University in the UK |
First-Year MBA Tuition Fees (INR) |
|---|---|
|
London Business School |
INR 74.3 Lakhs |
|
University of Cambridge |
INR 65 Lakhs |
|
University of Oxford |
INR 72.6 Lakhs |
|
Imperial College Business School |
INR 62.5 Lakhs |
|
Warwick Business School |
INR 54.6 Lakhs |
|
The University of Manchester |
INR 38.2 Lakhs |
|
University of Edinburgh Business School |
INR 39.1 Lakhs |
|
Cranfield School of Management |
INR 44.9 Lakhs |
|
City’s Business School |
INR 48.8 Lakhs |
|
Durham University Business School |
INR 35.6 Lakhs |
In essence, this section has briefed you about MBA fees in UK for Indian studentsin some top universities as well as the cost of living for Indian students. The next section talks about the scholarships that students can take to pursue an MBA in the UK.
A large number of students want to pursue an MBA from the United Kingdom, as it is one of the most popular degrees that is pursued. So, it gets a little bit expensive, especially for international students. Thus, the image below portrays the top 5 scholarships that students can take to pursue an MBA from the United Kingdom.
Take a glimpse at each of these scholarships for better understanding.
It is one of the fully-funded MBA scholarships in the UK, which is very competitive and offers financial help to MBA students. Students who receive this grant get their full tuition paid and a living stipend for the duration of their MBA program.
|
Skoll MBA Scholarship |
Details |
|---|---|
|
Offered By |
Said Business School, University of Oxford |
|
Duration |
1 Year |
|
Award |
£78,510 |
This is one of the MBA scholarships in the UK that is granted to female MBA students who have extraordinary academic and professional achievements. This scholarship covers up to 50% of the tuition fees for the Imperial MBA program.
|
The Imperial Business School Women’s Scholarship |
Details |
|---|---|
|
Offered By |
The Imperial Business School |
|
Duration |
Depends on the Course Duration |
|
Award |
£15,000- £25,000 |
This MBA scholarship in the UK is given to those students who show academic achievement, leadership abilities, and a commitment to make a positive impact on society. It covers up to 50% of the tuition fees for the Cambridge MBA program.
|
The Cambridge MBA Bursaries |
Details |
|---|---|
|
Offered By |
Cambridge Judge Business School |
|
Duration |
12 Months |
|
Award |
£15,000 |
This scholarship is offered to students in the UK who belong to marginalized communities, including women, and LGBTQ+ people. Students who receive this grant may get up to 50% of the tuition fees for the Cranfield MBA program.
|
The Cranfield MBA Diversity Scholarship |
Details |
|---|---|
|
Offered By |
Cranfield University |
|
Duration |
Depends on the Course |
|
Award |
£10,000 |
The MiF scholarship covers up to 50% of the tuition fees for the Masters in Finance program. It has been granted to exceptional students who have strong academic and professional achievements, and a dedication to promote diversity.
|
Masters in Finance Merit Scholarship |
Details |
|---|---|
|
Offered By |
London Business School |
|
Duration |
12-16 Months |
|
Award |
Up to 50% Tuition Fees |
Overall, these are the MBA scholarships available for students in the UK, from general to a particular school or program. Now let’s talk in the next section about the eligibility criteria for pursuing an MBA in the UK.
It is important to note that the minimum eligibility criteria do not ensure students admission to MBA courses in the top universities of the UK. However, the general eligibility criteria for pursuing an MBA in UK for Indian students are briefed below.
|
Requirement |
Description |
|---|---|
|
Academic Requirements |
UG degree with 2:1 qualification (equivalent to 50-60%)- Some schools may require higher scores |
|
GMAT Score |
Minimum 600+ (Required by most schools) |
|
Work Experience |
Minimum 2 years preferred |
|
Language Proficiency |
IELTS 6.5 or TOEFL iBT 95+ |
|
Letters of Recommendation |
1 to 3 (Preferred Professional). Academic LOR not accepted in only one LOR is required |
|
Statement of Purpose/Essay |
500 words covering career goals, how the MBA suits you, and program choice |
|
Visa |
Tier 4 UK study visa for full-time higher education |
|
Funds |
£1,334/month (London) £1,023/month (Outside London) |
Overall, these are the basic eligibility requirements to pursue an MBA from UK. Students must fulfil these demands to apply for the MBA colleges in the UK. In addition, the next section talks about the top 10 colleges in the UK for Indian students to pursue an MBA.
The UK is a popular destination for Indian students pursuing higher education abroad. Each institution has its unique strengths and cultures, so it is crucial to research and find the one that best fits your personal and educational goals. Well, worry not as we have provided below the best MBA colleges in UK with their important requirements. Let’s look at the image given below for better understanding.
The London School of Business and Finance (LSBF) is among the top business schools in the UK, offering world-class education in MBA. LBS prepares students for an all-rounded career in the global business world.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time and Executive MBA |
|
Fees |
INR 1,21,29,625 |
|
Intake/Academic Requirement |
August/3-year Bachelor’s degree |
It is a very renowned university for the MBA programme. The students need the academic experience, as it broadens the mindset and understands the role of business in society.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time and Executive MBA |
|
Fees |
1-year: INR 82,80,842 22-24 months: INR 1,23,49,013 |
|
Intake/Academic Requirement |
September/3.5 GPA |
It is one of the leading colleges to pursue MBA in UK, known for its reputation for professional coaching and career guidance. This university allows students to tailor their studies to their interests and career goals.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time MBA |
|
Fees |
INR 76,95,288 |
|
Intake/Academic Requirement |
August and October/2:1 honours degree |
The Imperial College Business School is the graduate business school of the Imperial College. Their MBA program is particularly designed to provide scholars with the necessary skills, knowledge, and experience to succeed.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time, Part-time, Executive, and Distance Learning |
|
Fees |
INR 71,19,562 |
|
Intake/Academic Requirement |
September/Second Class Honours (60-70%) |
It is a globally recognized university for its world-class teaching and research facilities ranked among the top ten universities in the UK. Their MBA program is designed to provide students with a practical understanding of the business world.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time, Executive MBA, and Distance Learning |
|
Fees |
INR 56,69,281 |
|
Intake/Academic Requirement |
September/Upper second class honours (60-70%) |
The MBA program of Manchester University is an excellent choice for those who want to become socially responsible to handle global challenges. Students can gain an international experience.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time MBA |
|
Fees |
INR 50,62,800 |
|
Intake/Academic Requirement |
September/First Class or Upper Second Class Honors (60-70%) |
The MBA program at the University of Edinburgh is a highly regarded program that focuses on careers in business management. Students can also get personalized coaching and guidance throughout the whole MBA program.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time and Executive MBA |
|
Fees |
INR 43,13,927 |
|
Intake/Academic Requirement |
September/First Class Degree (60%+) |
It is one of the top MBA colleges in the UK, offering world-class education specifically focused on effective communication, global awareness, and strong analytical thinking in today’s dynamic business environment.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time and Distance Learning |
|
Fees |
INR 39,55,312 |
|
Intake/Academic Requirement |
September/First-or Second Class Degree |
Learning about the MBA program at Leeds University is a great way to learn about management. It is ranked 6thin the UK for the MBA course. By studying at Leeds, you can join a network of 40,000 Business school graduates across 145 countries.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time, Executive MBA, and Distance Learning |
|
Fees |
INR 38,48,388 |
|
Intake/Academic Requirement |
September/Second Class Degree |
For those students who are looking to advance their careers in business, Lancaster University is the best choice. This university offers specialisations including finance, marketing, entrepreneurship, and operations management.
|
Category |
Details |
|---|---|
|
Types of MBA |
Full-time and Executive MBA |
|
Fees |
INR 41,18,236 |
|
Intake/Academic Requirement |
September/First or Second-Class Degree |
Overall, these are the top 10 colleges to pursue MBA courses in UK, which can offer students a lot of opportunities for their careers. Thus, let’s look in the next section that what can be the career prospects by pursuing an MBA in the UK.
An MBA program provides you with the flexibility to choose the multiple career paths once you have received your degree in your hand. Thus, here are some of the fields in which you can make your career by using an MBA degree.
1. Management
2. International Management
3. Consulting
4. IT Management
5. Executive Management
6. Supply Chain Management
7. Accounting
These are some of the career prospects that students can take for an MBA in the UK. Now based on these fields, the next section talks about the jobs after pursuing an MBA from the United Kingdom with their average salaries.
The job market for UK MBA graduates is very strong, in various sectors such as technology and renewable energy where skilled professionals are high in demand. MBA jobs in UK and their salaries vary depending on the institution and specialisation the course offers. But it is generally quite appealing. Thus, this section provides you with the MBA jobs highlighting their average annual salaries
|
Job Role |
Average Annual Salary (GBP) |
Average Annual Salary (INR) |
|
Financial Analyst |
£73,846 |
47.45 lakhs |
|
Risk Management Business Specialist |
£74,000 |
64.27 lakhs |
|
Management Consultant |
£80,000-£120,000 |
68.45 lakhs to 102.45 lakhs |
|
Business Strategist Analyst |
£75,375 |
65.45 lakhs |
|
Operations Manager |
£77,362 |
66.45 lakhs |
|
Business Application Analyst |
£79,438 |
68.45 lakhs |
|
Marketing Manager |
£70,398 |
62.33 lakhs |
|
Human Resources Officer |
£64,953 |
56.45 lakhs |
|
Employee Relations Manager |
£42,389 |
36.80 lakhs |
In essence, whether your interests lie in finance, consulting, technology, marketing, and other sectors there are various number of job opportunities available in the market. The above-given table depicts the average annual salaries for the various job roles. Now in the next section, we’ll look at the average salary for MBA professionals.
In 2020 the median base MBA salary in the UK was £70,000 according to the Graduate Management Admission Council (GMAC). This depicts that there is a high demand for MBA in UKand displays the country’s dedication to recognizing top-tier business talent.
Typically, MBA professionals earn between £23,000 and £45,000 per year, with the potential for constant earning growth based on factors like specialisation, experience, and location. This significant earning ability strengthens the appeal of studying MBA in the UK. Now in the next section, we’ll look at some of the best specialisations that students can pursue in MBA in the UK.
The UK is a popular and well-known destination for students. There are two main reasons why Indian students choose to study in UK for their MBA degree. One is the option of picking 1 year MBA programmes available in the UK. And second reason is the top MBA specialisations offered in the UK by the best universities. Thus, in this section, we will be talking about the top specialisations in MBA in UK for Indian students.But first, take a glimpse at the image below.
Let’s now understand each specialisation one by one.
1.MBA in Finance: Those students who are keenly interested in advanced accounting, capital budgeting, and money management should pursue an MBA in finance. It is ideal for them to make a career in finance.
2. MBA in Marketing: Students who wish to pursue an MBA in marketing must have strong communication and analytical skills. These skills help them in various organisations and industries.
3. MBA in Human Resources: The MBA in Human Resources Management in the UK is designed to provide students with a strong foundation in HR principles and ethics. The universities in the UK focus on broad approach and leadership skills required in HR roles.
4. MBA in Entrepreneurship: This MBA specialisation makes students aware of knowledge regarding entrepreneurship and the challenges that come with it. It opens up various career paths for graduates like starting your own business and pursuing roles like Business Consultant and Director of Sales.
5. MBA in Healthcare Management: An MBA specialisation in healthcare management can help individuals pursue leadership and management positions in the healthcare industry.
Overall, these are some of the best specialisations after an MBA in UK for Indian studentsthat they can pursue. However, our next section covers about the work permit after studying MBA in the UK.
Being a student in UKand pursuing an MBA automatically qualify you for a 2-year extension of your stay through the Graduate Route. Upon the expiration of the student visa, candidates who are willing to continue to work and stay in the UK can apply for a Skilled Worker Visa. By obtaining a skilled worker visa after getting a job in the UK, you can further exceed your stay beyond the 2-year time limit.
Once students get to graduate from a full-time MBA, they will get free from the Resident Labour Market Test. However, the students can apply for the Tier 2 work visa. But to get a Tier 2 visa, the candidate must be getting at least £38,700 per year. Thus, for better earning the students must work in the big companies. In addition, the next section covers the top companies or recruiters where candidates get hired after pursuing an MBA in the UK.
Graduates from UK business schools are highly in demand by reputable companies across various sectors. Thus, here is the list of some of the top recruiters that offer jobs to MBA graduates.
Overall, these are some of the top recruiters or companies where MBA graduates get hired with the high-earning salaries.
Suggested Read: Part-Time Jobs In UK: Best Offers With High Salary [2024]
In conclusion, pursuing an MBA from the United Kingdom offers Indian students many advantages. It includes access to the top colleges, popular MBA courses, and profitable job opportunities. However, the UK is considered as the ideal location for all those who are looking to advance their business career. By studying MBA, candidates can unlock their potential for a global perspective. Thus, if you are a student and aspire to pursue MBA in UKthen connect with our experts at Gradding.com and start your study abroad journey with us.
Yes. most of the colleges in the UK accept and require a score of IELTS between 6.5 and 7.5 or a 100 or higher score in the TOEFL as part of the eligibility criteria for admission.
An MBA in the UK for Indian students can be a little expensive in comparison to other countries. However, theMBA fees in UK for Indian Studentsrange from INR 35,00,000 to 75,00,000 or even more. Moreover, the cost varies depending on the university and the course.
Yes, an MBA from the UK is widely recognized and valued globally. Holding a degree of MBA from the United Kingdom can open doors to several job opportunities not just in the UK but also across the world.
Anyone who meets the eligibility criteria can apply for the MBA scholarship in the UK, which includes domestic and international students.
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