UK is home to some of the most renowned MBA courses in the world and is recognized by all the major global league tables. According to Financial Times Global MBA Ranking 2018, UK fares pretty well as 14 of its business schools makes an appearance in the top 100 schools. Some of the most popular reasons for which you should opt for an MBA in the UK are as follows:
Duration of the MBA program
The most important reason for opting an MBA program in the UK is the duration. MBA programs in the UK are usually of one year when compared to the programs offered by the US and Canadian universities. It has also been seen that the majority of the UK universities recognize the Indian system of 3 years bachelor degree.
Varied MBA courses for you to choose
When compared to American business schools, UK offers students a varied range of programmes to opt for. Also, MBA programmes in the UK are more diverse when it comes to content and specializations. Educationalists and curriculum planners strive continuously to add new topics considering the latest changes in the international job market.
Besides the core management subjects like Finance, Economics, Human resources, Accounting, Marketing, Management Operations, Information systems, and Quantitative methods, a number of other electives are also offered for students to choose from.
Affordable tuition fees
Although the tuition fees for MBAs slightly increase each year in the UK, the business schools here are still more affordable when compared to American business schools. The tuition fees for one-year MBA programs range around £10,000 – £15,000 on average. Whereas, MBA programmes at top schools like Oxford and Cambridge potentially cost up to £45,000.
There are however a number of universities and business schools offering high-quality degrees at a much lower cost. However, executive or international MBA courses may have higher fees. There are ample opportunities for students to finance their business studies here in this country. Whereas in the USA, for the state schools, the tuition fees range around 30,000 USD per year or about 60,000 USD for full program for international students. For the private schools, the tuition fee can be much higher, it can be as high as 65,000 USD per year for an MBA.
Strong Research Infrastructure
According to surveys and studies by Research Excellence Framework (REF), 30% of UK university research is classified as ‘world-leading’ and 46% as ‘internationally excellent’. The REF is the system for evaluating the quality of research in UK higher education institutions. So, the UK provides a very strong research platform for you to explore different intriguing concepts in a practical lab environment.
Some libraries in the UK have millions of books available for their students and staff to consult, borrow, and read. The universities also give you subscriptions to a number of the best academic databases that comprises of thousands of journals and papers from around the world. This is a great way for students to access the best and the latest in research to support their assignments with.
The standard of teaching and research at the universities and colleges is regularly evaluated and graded by official organizations to make sure that the set benchmarks are met. Although UK institutes take the responsibility of ensuring the standard and quality of different programmes by themselves, independent reviews are carried out by the Quality Assurance Agency for Higher Education (QAA). Professional bodies can also guide the curriculum and perform specific reviews on individual departments in an institute.
UK universities actively develop close connections with industries in different business sectors. Faculty members at the MBA schools have significant professional experience in their fields. This enables them to provide practical knowledge and insights to students along with helping them secure good placements and mentoring opportunities.
An MBA from a reputed UK business school gives instant global recognition. The student profile and program portfolio tend to attract some of the top world recruiters. Equipped with an MBA from any of the top UK business schools will surely give you a competitive edge over others once when you are back in your country.
After completing your MBA program from a reputed institute, you gain alumni status and the right to join the alumni club. A strong alumni network offers networking opportunities and opens a rich storehouse of resources and knowledge that will impact your career in the future. Studying in a global school only widens this network.
Career Guidance services
Most business schools in the country have full-time career services to help you tap your talent and realize your potential. Career Service advisors will help you enrich your CV and also the cover letters. They also give you interview tips and equip you with the skills to get that dream job or start a new business.
The UK education system provides a close interaction between students and lecturers. The system offers the freedom to combine varied subjects into a single course of study. Support in English language is offered by many institutions to guide international students in acquiring language skills that are required to complete their course successfully. Most universities have a team of experienced counselors and advisors to give information and also support in getting acquainted with the education system or any aspect of your course.