If you are contemplating pursuing your MBA abroad, the UK is a highly compelling option for various reasons.
Upon completing your MBA program in the UK, obtaining a globally recognized degree provides an exceptional advantage for future career prospects.
UK's reputation for offering prestigious MBA courses at renowned universities further solidifies its appeal.
Institutions in the UK integrate internship programs into their course curriculum, providing students valuable real-world experience.
What is an MBA?
MBA stands for Master of Business Administration. It was first introduced in 1908 by Harvard Business School. MBA is now the original graduate degree offered by business schools globally.
During your MBA, you learn about business, expand your business sense, and grow your professional network. And after an MBA, you get a boost in your career and salary prospects.
MBA is a generalist degree; it gives you fundamental management knowledge. You’ll learn about various business dimensions across accounting, marketing, finance, and operations and the much-needed but overlooked vital soft skills and leadership skills.
In the initial stage, you'd get an overview of the entire business world. Later at the advanced stage, you can opt for specialization like accounting, financial, human resources, etc.
UK - An MBA Heaven
If you're considering going abroad for your MBA, then the UK can be a very good option to consider for reasons like -
You get a globally recognized degree after your MBA in UK.
MBA is one of the popular courses in the UK, and a very prestigious university offers this course.
They not only focus on theoretical studies but also on case studies and practical exposure to help students understand the subjects in a better way.
You have a wider scope of career options and greater earning potential.
In some institutions, students undergo an internship program as a part of the course curriculum.
Program Structure for MBA in UK
MBA in the UK is divided into 3 peculiar areas -
Let's take a deeper look -
Course
Topics Covered
Core Courses
Provide a solid foundation in essential business disciplines. They cover key areas of business and help develop critical skills.
Accounting and Financial Management
Marketing Management
Operations Management
Strategic Management
Organizational Behavior
Business Ethics
Leadership and Decision Making
Managerial Economics
Elective Courses
Elective courses offer specialization options in business based on your interests and career goals.
Finance
Marketing
Entrepreneurship
International Business
Consulting
Supply Chain Management
Business Analytics
Human Resource Management
Practical Courses
Practical learning experiences to complement classroom education.
Case Studies
Group Projects
Internships
Business Simulations
Consulting Projects
Dissertation
Toward the end of the program, students complete a capstone project or dissertation where they apply their acquired skills and knowledge to address a specific topic of interest.
Different Types of MBA in UK
MBA type
Duration
What it Offers?
Full-Time MBA
1-2 Years
Allows students to focus solely on their education without the distractions of work or other commitments.
Part-time MBA
2-4 Years
Flexibility in terms of schedules, allowing students to balance work and study. Typically conducted during evenings, weekends, or through a modular format.
Executive MBA
1-1.5 Years
Mid-level to senior-level executives with work experience to enhance their leadership skills and advance their careers Typically part-time and have a modular format.
Specialized MBA
1-2 Years
Designed to provide in-depth knowledge and skills in a specific area.
Eligibility for MBA in UK
Academic Qualifications
3-year bachelor's degree obtained from a recognised university, equivalent to a UK degree
Work Experience
Minimum 2-3 years of professional work experience.
Some universities may consider applicants with less work experience.
English Language Proficiency
IELTS: 6.0-6.5
TOEFL: 90-100
Entrance Exams
GMAT: 600 and above
GRE: 310 and higher
Letters of Recommendation
Signed by someone who knows you professionally, like your Boss/Employer/ HR/Professor.
Statement of Purpose (SOP)
Well-written SOP outlining your motivations, goals, and suitability for the program is also important.
Top Universities and Tuition
University Name
Tuition Fees
1.
University of Cambridge - Judge Business School
£64,000
2.
London Business School
£109,700
3.
Imperial College Business School
£61,500
4.
Oxford Saïd Business School
£71,440
5.
Ashridge Business School
£64,000
6.
Warwick Business School
£49,950
7.
Cranfield School of Management
£44,195
8.
Alliance Manchester Business School (University of Manchester)
£47,000
9.
Durham University Business School
£35,000
10.
Cass Business School (City, University of London)
£48,000
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Visa Requirements to Study in UK
According to the UK Border Agency (UKBA), you are required to have a minimum of INR 1.15 Lakh per month to get your visa approved, apart from the tuition fees to study in London and INR 1 Lakh per month for the other locations in the UK (apart from London).
You should have at least 1 year's finances for your course. The expenses would be listed on your Confirmation of Acceptance for Studies (CAS) which you'll get after you've been approved for admission by the university.
Other than that, you should also have - - £1,023 per month (for up to 9 months) for courses outside London - £1,334 per month (for up to 9 months) for courses in London.
You’re eligible to apply for Visa if - - if you’re at least 16 years old - You’re financially able to support yourself and pay for your course - You can speak, read, write, and understand English - You have been offered a place on a course by a licensed student sponsor
If you fulfill the requirements, then, you can apply for a visa as early as 6 months before you start your course.
Step
Process
1
After you've been accepted to your preferred university, your institution will issue you a letter of enrollment confirmation. Now you are eligible to apply for the Tier 4 visa.
2
Visit the UK Visas and Immigration website and begin your application.
3
Pay the application fee- £363
4
You will receive the Reference Number once the fee is paid. This will allow you to keep track of your trips to the visa centre.
5
At the visa centre, you will be required to provide your "biometric information" as part of your visa application
6
According to university policy, you must attend a visa interview.
7
Wait for your visa. The visa application procedure might take anywhere between 3 and 4 weeks.
Career Opportunities
MBA opens your career paths to a host of areas -
Position
Avg. Yearly Salary
Business Development Manager
£46,684
Operations Manager
£49,355
Project Manager
£51,760
Planning Director
£55,000
Product Specialist
£54,794
Post-Study Work Visa
Tier 2 Work Visa
The Graduate visa allows students to apply to stay in the UK for two years after successfully completing your studies. You can work full-time and will not need an employer to sponsor you during this time. You can also be self-employed or start your own business.
How to Fund your MBA in UK?
Personal or Parental Savings
With proof of income, you can use parental assistance or personal savings through a bank statement for admission.
Employer sponsorship
Seek employer sponsorship. Justify the benefits and commit to staying in the company post-completion.
Students Loans
Explore loan options. Research the terms and interest rates, and assess your ability to repay the loan.
Teaching and research assistantships
Students assist professors and receive stipends or tuition waivers.
Scholarships and Bursaries
Financial awards based on merit or need, assisting students with tuition and living expenses.
Frequently Asked Questions
How much does MBA cost in the UK?
MBA in UK costs around £46,684 - £56,000 depending on the University you choose.
What is the eligibility of MBA in UK?
3-year bachelor's degree obtained from a recognised university, equivalent to a UK degree
Minimum 2-3 years of professional work experience.
IELTS\TOEFL
GMAT\GRE
Letters of Recommendation
Statement of Purpose (SOP)
How long is MBA in UK?
MBA in the UK can be 1 year if pursued full and can exceed upto 4 years if done part-time.
