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MBA in UK

Summary

650

Avg. GMAT

26

Avg. Age

£ 55K

Avg. Cost of Study

24

Months Duration 

£ 50K

Avg. Salary

MBA Structure in the UK

Core modules

All MBA programs will have a set of core modules that all students must take. These modules will cover the fundamentals of business administration, such as accounting, finance, marketing, and operations management.

Elective modules

In addition to the core modules, students will also have the opportunity to take elective modules. These modules can be chosen to focus on specific areas of interest, such as international business, entrepreneurship, or sustainability.

Capstone project

Many MBA programs require students to complete a capstone project. This project is a major piece of work that allows students to apply the skills and knowledge they have learned throughout the program.

Internship

Some MBA programs offer the opportunity for students to complete an internship. This can be a valuable experience that allows students to gain real-world experience in their chosen field.

Why Study MBA in the UK?

An MBA (Master of Business Administration) in the UK is a highly sought-after and prestigious postgraduate degree program that offers comprehensive business knowledge and leadership skills to aspiring professionals. Renowned for its academic excellence and global reputation, the UK boasts several top-ranking universities and business schools that offer MBA programs. These institutions attract a diverse cohort of students from around the world, creating a dynamic and multicultural learning environment.

UK universities have a long history of excellence in education, and their MBA programs are some of the best in the world. In fact, 16 UK universities are ranked in the top 100 universities in the world by the QS World University Rankings 2023. An MBA degree from a UK university is recognized and respected all over the world. This means that you will have a wide range of job opportunities available to you after graduation, both in the UK and internationally.

MBA graduates from UK universities typically earn higher salaries than other graduates. In fact, according to a recent survey by the Higher Education Statistics Agency (HESA), the average salary for MBA graduates in the UK is £53,351 per year. UK universities are very diverse, with students from all over the world. This provides you with the opportunity to meet and learn from people from different cultures and backgrounds.

An MBA degree from a UK university can give you the international experience you need to succeed in a globalized business world. Many UK universities offer MBA programs with a focus on international business, which will give you the skills and knowledge you need to work in a multinational company.

Here are some of the key highlights of an MBA in the UK:

  • Rigorous and world-class education: The UK is home to some of the world’s leading business schools, which offer rigorous and challenging MBA programs. These programs are designed to prepare students for successful careers in business and management.
  • Global exposure: UK is a global hub for business and finance, and an MBA from a UK university can give you a global perspective on business. You will have the opportunity to learn from world-renowned faculty and network with students from all over the world.
  • Career advancement: An MBA from a UK university can help you advance your career in business. Graduates of UK MBA programs are in high demand by employers, and they often command higher salaries than graduates of other programs.
  • Personal development: An MBA is more than just a degree. It is also an opportunity for personal development. You will learn new skills, gain new insights, and grow as a person.

Program Costs + Living Expenses: MBA in the UK

£40,000 

Avg. Tuition Fee

£15,000

Avg. Living Cost

£400 

Avg. Visa Charges

55K

Avg. Cost of Study

The total cost of an MBA in the UK can vary depending on the university, program, and your personal circumstances. However, as a general rule of thumb, you can expect to pay around £20,000-£60,000 per year for tuition fees.

Living costs in the UK are also relatively high, so you should budget around £10,000-£15,000 per year for accommodation, food, and other expenses. Visa charges will vary depending on your nationality, but they are typically around £300-£500.

In total, you can expect to pay between £30,000-£75,000 per year for an MBA in the UK. This is a significant investment, but it can be worth it for the career opportunities that an MBA can open up.

Employment Prospects: MBA in the UK

85%

Employed within 3 months of graduation

72K

Avg. Salary

Most Sought-after Jobs

     Management Consultant

Investment Banker

Asset Manager

Private Equity Handler

Product Manager

Data Scientist

Marketing Head

CEO

The UK is a popular destination for MBA graduates, with many top companies hiring graduates from UK business schools. Some of the top companies that hire MBA graduates in the UK include:

  • McKinsey & Company
  • Bain & Company
  • Boston Consulting Group
  • Accenture
  • Deloitte
  • KPMG
  • EY
  • PwC
  • Goldman Sachs
  • Morgan Stanley

These companies offer MBA graduates a variety of opportunities, including consulting, investment banking, financial services, and marketing. They also offer competitive salaries and benefits.

If you are an MBA graduate in the UK, you are in an excellent position to find a job with a top company. However, it is important to network and research to find the right opportunity for you.

Eligibility Criteria: MBA in the UK

Always refer to the official website of the university and program you’re interested in for the most up-to-date information. Here’s a general overview:

Educational Background: Most MBA programs in the UK require applicants to have a bachelor’s degree from a recognized institution. The degree doesn’t necessarily have to be in business or a related field, but having some foundational knowledge in business or related subjects can be beneficial.

Work Experience: Many UK MBA programs prefer applicants to have some professional work experience, often ranging from two to five years or more. Some programs even require a specific amount of work experience in managerial or leadership roles. This requirement varies widely, so check the program’s website for exact details.

GMAT/GRE Scores: While not all MBA programs in the UK require standardized test scores like the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination), some programs do consider them as part of the application process. Check the specific program’s requirements to determine whether these scores are necessary.

English Language Proficiency: Since the medium of instruction in UK universities is English, if your native language is not English, you will likely need to provide proof of English language proficiency through tests like the IELTS or TOEFL. Minimum score requirements can vary between universities and programs.

Letters of Recommendation: Many MBA programs require applicants to submit letters of recommendation from individuals who can speak to their academic and/or professional qualifications. These letters help the admissions committee gain insights into your character, skills, and potential as a student.

Statement of Purpose (SOP) or Essays: Applicants are often required to submit a statement of purpose or essays that detail their motivations for pursuing an MBA, their career goals, and how the program aligns with their aspirations.

Interview: Some universities may require applicants to participate in an interview as part of the selection process. This interview can be conducted in person, over the phone, or via video conference.

Application Fee: There is usually an application fee associated with applying to MBA programs in the UK. This fee covers the administrative costs of processing your application.

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Scholarships Available: MBA in the UK

Chevening Scholarships

Chevening Scholarships are renowned worldwide for their prestige and offer full funding for pursuing an MBA at any university in the United Kingdom. To qualify, applicants must be citizens of developing countries and demonstrate a strong academic track record.

Commonwealth Masters Scholarships

The Commonwealth Masters Scholarships program provides full financial support for MBA programs at universities in the UK, Canada, Australia, New Zealand, and South Africa. Eligibility requires applicants to be citizens of Commonwealth countries and possess an impressive academic record.

GREAT Scholarships

GREAT Scholarships partially fund MBA programs at UK universities. To be eligible, applicants must hold citizenship from a G20 member country and possess a strong academic background.

The Global Study Awards

The Global Study Awards offer partial funding for MBA programs at UK universities. Eligible candidates should be citizens of developing countries and demonstrate a strong academic performance.

Visa & Stay Prospects: MBA in the UK

Here’s an overview of the visa and stay process for international students pursuing an MBA in the UK:

Visa Types

There are primarily two types of student visas for pursuing an MBA in the UK:

Tier 4 (General) Student Visa: This visa is for students who are coming to the UK for full-time higher education courses that last longer than 6 months. An MBA program typically falls under this category.

Student Route Visa: The UK introduced a new points-based immigration system that replaced the Tier 4 visa. The Student Route visa allows students to study in the UK. This visa type includes various sub-categories, including Student Route (General) and Student Route (Child), depending on your age and level of study.

Eligibility Criteria

To be eligible for a student visa in the UK, you generally need to meet the following requirements:

Acceptance Letter: You must have an unconditional offer of a place on a course with a licensed Tier 4 sponsor (a university that is recognized by the UK government as eligible to sponsor international students).

Financial Requirements: You need to show that you have enough money to cover your course fees and living costs. The specific amount varies depending on factors like the duration of your course and location in the UK.

English Language Proficiency: You will need to prove your English language proficiency through a recognized English language test, unless you are from a majority English-speaking country or have completed a degree taught in English.

Application Process

Once you’ve been accepted into an MBA program and have the necessary documents, you can apply for your student visa online through the UK government’s official website. You’ll need to provide personal information, course details, and financial evidence along with your application.

Stay Duration

The length of your stay will depend on the duration of your MBA program. Typically, an MBA program in the UK can last anywhere from 1 to 2 years.

Work Opportunities

One of the advantages of studying an MBA in the UK is the post-study work opportunities. UK had reintroduced the post-study work visa known as the “Graduate Route.” This allows international students to stay and work in the UK for up to 2 years after completing their studies (or up to 3 years for doctoral students).

Health Care

International students studying in the UK for more than six months are usually entitled to National Health Service (NHS) healthcare coverage during their stay.

Top 5 Colleges for MBA in the UK

 

UniversityDetailsSuggested
London Business School

Duration: 22 months

Format: Full-time 

Avg. Working experience: NA

Location: London

 

LBS MBA Sample Essays

LBS MBA Overview

LBS MBA Interviews

University of Oxford

Duration: 12 months

Format: Full-time

Avg. Working experience: NA

Location: Oxford

Oxford MBA Sample Essays

Oxford Kira Video Interview

University of Cambridge

Duration: 12 months

Format: Full-time

Avg. Working experience: NA

Location: Cambridge

Cambridge Judge MBA Sample Essays

Cambridge Judge MBA Interviews

Cambridge Judge MBA

Imperial College Business School

Duration: 21-32 months

Format: Full-time, Part-time (Online)

Avg. Working experience: Not Required

Location: London

Imperial MBA

Imperial Kira Video Interview

The University of Manchester

Duration: 15-18 months

Format: Full-time, Part-time

Avg. Working experience: 1-3

Location: Manchester

Alliance Manchester MBA

Alliance Manchester MBA Sample Essays

Alliance Manchester MBA Interviews

 

FAQs about MBA in the UK

MBA graduates in the UK have excellent career prospects. The UK is a major financial center, and there are many opportunities for MBA graduates to work in banking, finance, consulting, and other industries. MBA graduates also have the option to start their own businesses.

 

Upon completing their MBA programs at some of the leading Business Schools in the UK, MBA students can expect to earn average salaries ranging from £44,000 to £110,000. Studying in the UK not only provides a significant boost to your career but also offers a transformative experience that can steer your life in a new and rewarding direction, bringing you closer to achieving your personal and professional goals.

An MBA, or Master of Business Administration, is a postgraduate degree that focuses on developing leadership, management, and analytical skills within the business world. Unlike other business degrees, an MBA is more comprehensive and typically targets professionals with prior work experience. It covers various aspects of business, including finance, marketing, operations, and strategic management, preparing graduates for executive-level roles.

Studying for an MBA in the UK offers several advantages. The country boasts world-renowned business schools that offer high-quality education and diverse networking opportunities. Additionally, the UK is a global business hub, making it an ideal place for exposure to international business practices. Many UK universities also have strong ties with industry, offering practical experience through internships or consulting projects.

Entry requirements may vary depending on the university and program, but generally, applicants for an MBA in the UK are expected to have a bachelor’s degree from a recognized institution. Most universities also require a minimum number of years of work experience, typically around 2 to 5 years. Additionally, applicants may need to submit GMAT or GRE scores, a statement of purpose, letters of recommendation, and sometimes undergo an interview.

At the beginning of each semester for three weeks, various banks come to take part in the Bank Forum organized by HEC Paris to allow you to learn about bank loans, open a French bank account, and compare the exclusive financial benefits offered to HEC students. Over the course of the academic year, BNP Paribas, la Société Générale and LCL have a permanent stand in the RU twice a week; this means you will always be able to get support and information from people who are used to helping international students. You can open a bank account and pick up your card in the same place. Please note that it is compulsory to open a French bank account to get a residence permit and for receiving housing aid.

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