MBA is one of the most prestigious postgraduate programmes in the world, with demand for MBA graduates increasing year after year. Top-tier management courses are available at global universities, with curricula ranging from the study and application of business and management principles to much more.
Why Study MBA in the United Kingdom?
If an international student wishes to gain exposure to various areas of the business world, becoming acquainted with current changes in each business function is essential. Nothing can stop you from achieving your management goals when you combine such knowledge with a globally recognised degree. The United Kingdom provides world-class MBA programmes to thousands of students from all over the world.
Are you interested in pursuing an MBA in the United Kingdom? You must first read this:
- There are approximately 130 business schools in the UK that provide comprehensive MBA programmes.
- The average annual cost of pursuing an MBA in the United Kingdom ranges from 31,450 GBP to 87,900 GBP.
- The length of the course will vary depending on the specialisation you select. It could be a 12- to 21-month programme.
- The MBA is one of the highest-paying degrees in the United Kingdom. International students are being placed in top companies with salaries ranging from £50,000 to £100,000 GBP.
- According to the FT Business School Ranking 2021, approximately ten universities in the United Kingdom are ranked and recognised globally.
Top MBA Programs in the United Kingdom
MBA programmes at UK universities are among the best in the world, preparing students to meet the demands of global business. Aspirants can experience quality academics and fulfilling career options by graduating from the UK’s Leading Business Schools. Furthermore, the United Kingdom is home to some of the world’s best universities, as ranked by the world’s top ranking bodies.
Here is a list of UK institutions that are ranked first in the Financial Times (FT) QS Global MBA Rankings 2020.
| Institution | FT Ranking 2021 |
| London Business School | 2 |
| Cambridge Judge Business School | 16 |
| Said Business School | 17 |
| Alliance Manchester Business School | 30 |
| Durham University Business School | 74 |
| Lancaster University | 96 |
| University of Edinburgh Business School | 100+ |
| University of Central Lancashire | 100+ |
| Birmingham City University | 100+ |
| University of East London | 100+ |
| University of Bedfordshire | 100+ |
| University of Bolton | 100+ |
| Cardiff Metropolitan University | 100+ |
Top MBA Programs in the United Kingdom
The MBA programme has evolved through many stages all over the world over time. Leading Universities in the United Kingdom understand the needs of the business world, implementing and providing a wide range of specialisations to international students. Understanding the various courses aids in deciding on the best course for you, which is primarily determined by your aspiration, passion, cost, and location. Do you want to select the best management programme? Here’s a tip for you:
- MBA (Executive) – Looking to advance to a senior management position? An Executive MBA is the ideal option for you! Yes, this programme is intended for individuals who aspire to be successful global leaders. You can complete this 15- to 24-month programme while still working.
- Master of Accounting – Financial decision making – this term is used by everyone from the world’s largest corporations to emerging SMEs. Yes, the Master of Accounting programme in the United Kingdom produces the best graduates for positions of leadership in the accounting profession. The world’s top decision makers come from the UK’s leading universities.
- Master of Finance – The Master of Finance programme is specifically designed for ambitious aspirants who want to expand their financial insights and knowledge. By pursuing this course, you can gain a solid foundation in finance management, a diverse set of electives, project practise with both theory and practise, and a plethora of opportunities.
- Masters in Entrepreneurship – This course aims to produce future entrepreneurs with a significant impact. Yes, you can pursue a two-year or part-time programme at one of the UK’s top universities. Take part in hands-on workshops and industry seminars hosted by the best study centres.
- International business – International business is a relatively new MBA specialisation that has grown in popularity in a short period of time. With the increased demand for international business, professionals must work in multicultural settings for various organisations. This programme is offered by top-ranked business schools to international students.
MBA in the United Kingdom (Costs)
MBA programmes in the United Kingdom are well-known, so they are more expensive than programmes in other countries. However, there are numerous ways to afford the best education available anywhere in the world. It is also critical to understand the various costs associated with education. Not to worry! We compiled a list of pre-departure expenses, tuition fees, and living expenses.
Pre-Arrival Fees for MBA Study in the UK
This is the initial investment required to kickstart the application process. Exam fees, application fees, visa fees, and other miscellaneous fees are generally included. This may differ depending on the circumstances surrounding the pre-departure.
The table below will assist you in understanding and being aware of the pre-departure procedures.
| Particulars | Average Expense (GBP) |
| TOEFL Fees | 200 |
| IELTS Fees | 200 |
| PTE Fees | 150 |
| VISA Application | 322 |
MBA Tuition Fees in the United Kingdom
In the UK, you have many options and preferences when it comes to MBA specialisation. Cost is an important consideration that varies depending on the area of specialisation, duration of the course, and demands. This may also differ depending on the universities and business schools that offer respective management programmes. MBA tuition in the UK ranges from 31,000 GBP to 88,000 GBP on average. You can choose the best one based on your interests and budget.
The table below contains detailed information on MBA fees at the top UK universities.
| Universities | Total Program Fees (GBP) |
| London Business School | 78,500 |
| Oxford University | 57,200 |
| Imperial College Business School | 52,000 |
| Manchester University | 44,000 |
| Warwick Business School | 39,950 |
| Cranfield School of Management | 39,000 |
| Loughborough University | 28,500 |
| University of Glasgow | 27,670 |
| University of Birmingham | 27,000 |
| University of Nottingham | 24,975 |
| University of Surrey | 24,000 |
| University of Lancaster | 17,500 |
| Coventry University London | 16,887 |
Cost of Living in the United Kingdom
Knowing ahead of time what expenses you might incur in the UK is critical. General necessities such as lodging and food can be obtained at a reasonable cost. Aside from that, you should be aware of additional expenses such as basic utilities, internet, clothing, laundry, and so on while studying.
| Utilities | Average monthly costs (GBP) |
| Rent | 450 |
| Food | 200 |
| Mobile Phone | 30 |
| Clothing | 75 |
| Stationery Items | 40 |
| Transportation | 45 |
| Miscellaneous | 25 |
| Internet | 40 |
MBA Requirements in the United Kingdom
Documentation Requirements for an MBA in the United Kingdom
Universities in the United Kingdom assist international students by making the application process as simple as possible. Aspirants must include some important documents, such as personal and professional records. In general, understanding the various documents that must be submitted prior to admission. As a result, we’d like to make it as simple as possible for you to prepare.
- A filled-out admission application form
- English proficiency exam scorecard
- The student’s personal statement
- A copy of your academic transcript from the study centres
- Letters of recommendation, if required
- CV/Resume
MBA Eligibility and Exam Requirements in the UK
If you want to pursue an MBA in the United Kingdom, you must meet certain requirements. Learn about the basic eligibility criteria to make the application process easier.
- International students must hold a bachelor’s degree or its equivalent in the respective discipline from an accredited university. (Bachelor’s degree with a 2:1)
- Work experience will be required by some universities. Individuals must submit the certificates in order to proceed.
- Language proficiency exams (TOEFL 95+ and IELTS 6.5+)
- GMAT: 600 or higher
MBA Scholarship in the United Kingdom for Indian Students
The UK government assists international students in reducing the financial burden of pursuing an MBA. There are currently a variety of Scholarships available for international students. Overall, the average cost of studying and living in the United Kingdom will be around 32,310 GBP per year. This can be further reduced by utilising financial assistance such as bursaries, fellowships, and so on.
| Scholarship | Institution | Amount (GBP) | Eligibility |
| Imperial Women Scholarship | Imperial College London | Variable | Female candidates with decent score in GMAT |
| GMAT Excellence Award | 5350 | GMAT mark: 750+ | |
| Imperial Business Scholarships | Variable | Meritorious students | |
| BK Birla Scholarships | London Business School | Up to full fees | Academic excellence and honoring legacy and values of BK Birla. |
| London Business School Fund Scholarship | Up to full fees | Academic and professional merit and the ability to contribute to all aspects of MBA | |
| St. Catherine’s Benavitch Cambridge MBA Scholarships | Cambridge Judge Business School | 10,000 | GPA: 3.7 and MBA: 700 |
| Victor H. Loewenstein Scholarship | University of Edinburgh | 5000 | Non-UK applicant |
Jobs in the United Kingdom Following an MBA
The United Kingdom is now known as a magnificent market with 6.5 million private business organisations. Graduates of an MBA programme in the United Kingdom are placed in top corporations, with an average salary of 80,000 GBP. In general, job placement will be influenced primarily by the specialisation you choose and your academic performance. There is also a two-year stay-back policy after completing your MBA.
| Job roles in UK | Average Annual Salary (GBP) |
| Finance Manager | 51,000- 122,000 |
| Finance Officer | 30,000- 35,000 |
| Finance Analyst | 24,000 |
| HR Officer | 32,800 |
| HR Graduate Scheme | 27,250 |
| Product Specialist | 39,000 |
| Business Management Programs | 29,500-32,500 |
| Marketing Graduate | 30,000 |
| Product Specialist | 39,000 |
| Graduate Business Analyst | 45,000 |
| Medical Sales- East of England | 25,000- 30,000 |
Salary in the United Kingdom after completing MBA
In general, students are interested in learning about salary details after completing an MBA in the UK. Receiving recognition from the UK’s Top Universities will always add credibility to your profile. Salary after an MBA in the UK can vary depending on specialisation, university, and academic performance.
| Top Recruiters | Average Annual Salary (GBP) |
| Oliver Wyman | 75,000 |
| Roland Berger | 54,000 |
| FTI Consulting | 64,000 |
| Bain and Company | 83,000 |
| HSBC | 128,000 |
| Ernst Young | 125,000 |
| Santander | 40,000 – 60,000 |
| JP Morgan Chase & Co | 143,000 |
Work Permit in the UK Following an MBA
International students are drawn to the UK because of its vibrant multicultural environment and abundance of opportunities for higher education. The UK government’s welcoming policies encourage international students to stay after graduation. Postgraduate work permit policies are designed so that international students can stay for two years after completing their course.
The world is beginning to recover from the pandemic. Higher education is finally getting its act together, with thousands of international students flying to the UK each year to study. MBA programmes in the United Kingdom are popular among ambitious students. You are entitled to the best in terms of education, specialisation, and university. Leading universities in the United Kingdom have partnered with Starbright Overseas Education, making us your trusted partner and best opportunity to learn about universities, management courses, scholarships, visas, and much more.
FAQ
Q: Which university in the United Kingdom offers the best MBA programme?
- London Business School
- Cambridge Judge Business School
- Said Business School
- Alliance Manchester Business School
- Durham University Business School
- Lancaster University
- University of Edinburgh Business School
- Birmingham City University
- East London University
- Bedfordshire University
- Bolton University
- Cardiff Metropolitan University
Q -Which MBA programme in the United Kingdom is the best?
- Executive MBA
- Masters in Accounting
- Masters in Finance
- Masters in Entrepreneurship
- Masters in International Business
Q – What is the MBA entrance exam in the United Kingdom?
A competitive entrance exam is required for admission to UK universities. International students must achieve a minimum GMAT score of 600. Some universities, however, prefer fluctuating GMAT scores with professional experience.
English proficiency examinations
Non-native English speakers must take English proficiency tests. Score information:
- TOEFL 95+
- IELTS 6.5+
Q: How much does an MBA cost in the United Kingdom?
The average annual cost of pursuing an MBA in the United Kingdom is 30,000 GBP. It may, however, differ from one university to the next. The fees for some popular universities are listed below.
| Universities | Total Program Fees (GBP) |
| London Business School | 78,500 |
| Oxford University | 57,200 |
| Imperial College Business School | 52,000 |
| Manchester University | 44,000 |
| Warwick Business School | 39,950 |
| Cranfield School of Management | 39,000 |
| Loughborough University | 28,500 |
| University of Glasgow | 27,670 |
| University of Birmingham | 27,000 |
| University of Nottingham | 24,975 |
| University of Surrey | 24,000 |
| University of Lancaster | 17,500 |
| Coventry University London | 16,887 |
Q – How do I apply for an MBA in the United Kingdom?
- Select a university in the United Kingdom based on its popularity, courses, fees, and scholarship availability.
- Ensure that you meet the university’s requirements.
- Score well on the GMAT entrance exam.
- Pass the English proficiency exams TOEFL or IELTS
- Get ready for the pre-departure meeting.
Do you want to apply to the best universities in the UK but need help from start to finish? Get in touch with Starbright Overseas Education.
Q – How do I apply for an MBA scholarship in the United Kingdom?
- Research scholarship lists and select the best one for you.
- Follow the instructions for applying for individual scholarships.
- Ensure that you meet the eligibility requirements of the specific scholarship scheme.
- Following registration, individual universities will award scholarships to successful scholars.
