Study MBA in UK
6th Dec 2022
Afia Azmi

Study MBA in the UK: Universities, Fees, Eligibility and Careers for Indian Students

One of the most popular master's degrees is the MBA. Many fresh and successful start-ups surround us, demonstrating the attractiveness of a Business Administration degree. Most MBA students who attend prestigious B-Schools get hired within a few months after graduation. Many top-tier B-Schools, notably from the UK, are premier and economically viable for international students.

Pursuing an MBA in UK is less expensive than other contries and has a stellar reputation, matching up with other globally recognized master's degrees. Annually, the UK becomes the chosen destination for millions of international students, who migrate to various regions within the country to actualize their MBA aspirations. MBA programs in the United Kingdom are much less expensive for Indian students to similar degrees in other countries. Moreover, the UK welcomes international students, offering them access to elite learning environments. Further insights into the MBA courses in the UK are mentioned below.

What is an MBA?

The MBA or Masters in Business Administration, is a higher-level degree specializing in business administration and offers a variety of specializations within its curriculum. Graduates with relevant skills and knowledge take professional positions in different public, private, and government firms.

The scope of work of MBA graduates often encompass management, accounting, organizational development, and marketing, to name a few. Furthermore, the MBA degree is helpful for those who want to start their own business ventures. Most elite Business Schools provide opportunities such as internships or direct job placements upon course completion.

What are the MBA courses in UK?

The UK boasts a rich, historical foundation in Business education, with approximately 130 universities providing courses in Business Administration or related studies. The MBA in the UK enjoys a global reputation as one of the most sought-after degrees worldwide. The application procedure for a student visa for the United Kingdom is quite simple.

In recent years, pursuing an MBA in UK has seen a surge. Employment opportunities and salary scales significantly depend upon selecting specializations sought-after within the UK market. For Indian students, the UK extends financial support through many full and part-time scholarships, grants, and fellowships for MBA programs.

Below is a list of various specializations available under the MBA program in the UK -

  • General Management
  • Marketing
  • Business Strategy
  • Finance
  • Human Resources
  • Entrepreneurship
  • Operations Management
  • Consulting
  • Accounting
  • Environmental Management and Stability

What is the Eligibility Criteria for an MBA in the UK?

Following are the prerequisites from students to enroll in an MBA programme in the UK:

  • Bachelor’s degree in engineering, technology, management, or any other related subject from a recognized university.
  • A minimum score of 60% or equivalent is required to apply for MBA in the UK.
  • Students must submit other required documents to fulfill the eligibility criteria.
  • Certain institutions may require additional documents, and the institution-specific requirements may vary from one institution to another.
  • Some premier B-Schools also necessitate proof of work experience.

One should keep in mind that fulfilling eligibility criteria alone may not guarantee you admission as this programme is highly competitive.

Here is the list of documents that are necessary for an MBA in the UK -

  • Academic Transcripts
  • Resume
  • Relevant test scores (GMAT/GRE)
  • Proof of English Proficiency (TOEFL/IELTS/PTE)
  • Statement of Purpose
  • Letters of Recommendation
Best Universities in UK for MBA

The UK is home to some of the world's top universities for Business Administration. These MBA universities in the UK feature outstanding faculty members with practical experience in areas like management, finance, and marketing, offering both full-time and part-time MBA programs.

Students can generally complete their master's degree within 12 to 24 months. Some MBA universities in the UK also provide internship or job placement opportunities after completing the management programme. Additionally, the country allows students a two-year stay-back period following their master's. Typically, graduates get recruited within a few months following graduation. 

University

Course Type

Duration

Cost

London Business SchoolFull Time15-21 Months£115,000
Oxford Business SchoolPart Time22 Months£117,080
Cambridge Judge Business SchoolFull Time12 Months£69,000
Warwick Business SchoolFull Time12 Months£53,750
Imperial College Business SchoolFull Time12 Months£67,500
Alliance Manchester Business SchoolFull Time15-18 Months£48,000
Leeds UniversityFull Time12 Months£36,500
Aston Business SchoolFull Time12 Months£30,000
Edinburgh Business SchoolFull Time12 Months£40,900
Durham Business SchoolFull Time12 Months£37,500

What is the Cost of an MBA in UK?

An MBA degree from the UK costs approximately 31,500 GBP to 88,000 GBP. The fees for an MBA programme in the UK can vary based on location, university ranking, global impact, placement record, and more. Deserving students have the opportunity to access financial aid through scholarships.

There are institutions specific as well as general scholarships available while pursuing MBA in the UK. Upon completing their master's degree, students can anticipate earning an average salary of up to 1,00,000 GBP. Students may also work part-time during their studies to offset living expenses. The MBA universities in the UK provide flexible application processes and course schedules, allowing students to work up to 20 hours per week during the semester.

Use Azent's expense calculator to determine the estimated cost of living and studying in the UK.

What are the career options after MBA in the UK?

The UK offers ample job opportunities for MBA graduates. Currently, the employment market in the United Kingdom needs more qualified administrators. In the near future, the demand for these positions is anticipated to increase further. MBA graduates from the UK find job opportunities across various sectors, such as sports, education, banking, commerce, and management. Salary ranges for various managerial positions depend largely on skills, specializations, and demand for the roles.

On average, an MBA executive in the UK earns an annual salary ranging from 1,16,000 GBP to 1,33,000 GBP. An Assistant Business Development (BD) Manager can expect an average annual salary of 1,31,000 GBP, while BD Managers may earn around 1,84,000 GBP. The annual pay scale for Managers and General Managers lies between 1,70,000 GBP and 2,00,000 GBP. Project Managers can expect to earn over 2,00,000 GBP annually.

Pursuing an MBA from the UK is prudent for students aspiring to establish a business or build a career in management. The post-study stay-back period following the master’s degree in the UK assists students in strategizing their career paths within the country.

Several leading UK universities provide stellar placement opportunities after an MBA in UK. Graduates typically see their salaries rise with accumulating experience, further solidifying the MBA as a fitting option for international students who desire to work and reside in the UK.

Frequently Asked Questions

The United Kingdom has reputable universities offering high-quality education systems, networking, and work opportunities. There are nearly 100+ MBA Universities located in the United Kingdom. Some of the best Universities for MBA in UK are listed below:

  1. London Business School
  2. University of Cambridge
  3. University of Oxford
  4. Imperial College London
  5. Warwick Business school
  6. University of Manchester
  7. University of Edinburgh Business School
  8. Durham University Business School
  9. Cass Business School, City, University of London
  10. Cranfield School of Management

To secure admission for an MBA in UK universities, there are specific requirements of documents to be submitted by international students. Here are some commonly required documents for admission in the UK:

  • Academic Qualifications: A bachelor’s degree or an undergraduate degree from a recognized university.
  • Work Experience: Relevant work experience of at least 2 to 5 years.
  • GMAT or GRE Score
  • Proof of English language proficiency, e.g., IELTS or TOEFL scores.
  • Academic transcripts detailing previous qualifications.
  • Statement of Purpose detailing academic interests and reasons for choosing a specific course/university.
  • Letters of recommendation from teachers or professionals.
  • A Curriculum Vitae (CV) or resume.
  • Visa Process: Additional documents for undergoing Visa application.
  • Recent passport-size photographs and copies of your passport.

Students preparing for an MBA in UK must have familiarity with the English language. A standardized English language test ensures that a student is capable of learning and participating in the program they are enrolling in. IELTS or TOEFL is an essential exam conducted to know the familiarity of international students with the English language. However, some universities may exempt students from this criteria if they have previous education in English or English as their native language.

Aspiring MBA applicants must submit their IELTS/ TOEFL scores to secure their seats in UK universities. The scores of both tests depend on the universities and the programs. A candidate applying for an MBA in UK must score at least 6.0 to 6.5 or a maximum of 7.0 or above. Regarding TOEFL, candidates must score 80 to 100 on the internet-based test (iBT), while some universities may expect a score near 100. Therefore, one must prepare themselves well for these tests to increase the chances of getting enrolled in their desired university.

Pursuing an MBA in UK is highly beneficial as it offers a great learning experience with high quality education and research. The benefits of studying MBA from the UK are mentioned below:

  • Globally recognized universities
  • High-Quality Programs
  • Excellent Career Opportunities
  • Improved Communication Skills
  • Networking Opportunities
  • World Class Infrastructure
  • Increased Job Opportunities
  • Post-Study Visa Options
  • Affordable Learning
  • Short and Long Duration of Courses

The cost of pursuing an MBA in UK can be quite varied, primarily influenced by tuition fees, living expenses, and additional costs. Tuition fees alone range from £15,000 to £50,000. When it comes to living expenses, students should budget between £10,000 and £15,000 annually. Additional expenditures include books and materials, roughly amounting to £1,000 per year.

Lastly, students should consider expenses for travel and extracurricular activities, which can total £2,000 to £5,000 annually. It's important to note that these figures are general estimates, and the actual costs may vary.

Aspiring candidates are required to have work experience to get an admission in UK universities for MBA degree which varies among universities and specialization courses. Several universities offering management courses in the UK prefer candidates with at least 2 to 5 years of relevant work experience, while only few Universities enroll students with minimum or no extensive experience. It is mandatory to check the eligibility criteria of the institution for the MBA program you are interested in. Consider choosing a program that aligns perfectly with your career goals and objectives.

The salary range after completing an MBA in UK significantly depends on the course, its duration, previous work experience, and the university you choose. However, students can expect a great ROI after studying for an MBA from prestigious universities in the UK. The average salary after an MBA degree in the UK starts from GBP 50,000 to GBP 80,000 annually, whereas students pursuing an MBA from reputed universities have a slightly greater chance to get a good salary that ranges between GBP 70,000 to GBP 120,000 annually.

Yes, The UK has a high job demand for manager jobs, which is expected to increase in the future.

The 1-year MBA degree from the UK is not recognized in India.

General MBA or Marketing MBA are an excellent choice for students. However, the right choice for students varies with personal interests.

Graduates generally find a job within 3 months after a master’s degree. Students can apply to various firms or choose campus placements to work in the UK after MBA.

Yes, students can work in various private firms in different sectors such as management, technology, education, finance etc.

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