An MBA abroad for Indian students has always been an alluring prospect. Out of the range of study abroad destinations from where students can pursue an MBA, the UK has remained one of the most prominent.
A general management degree, the MBA also imbibes in students’ expertise in the realm of Finance, Marketing, Human Resource, Operations Management and much more. Universities in UK attract students from distinctive backgrounds thus, the learning experience here becomes wholesome. Moreover, it also presents alluring networking avenues. Coupled with a minimum age criterion, UK universities also require certain years of work experience.
Why Study MBA in the UK?
Studying an MBA in the UK provides world-class business education in a globally connected environment. Here’s why the UK is the top choice of international students for pursuing an MBA.
- Most of the UK universities offer full-time 1 year MBA programs. It saves students time and expenses as compared to other country’s 2-year programs. However, there are options for part-time MBA programs in the UK, which can last upto 2 years.
- UK business schools including London Business School, Oxford, and Cambridge are globally recognized and triple accredited (AMBA, EQUIS, AACSB).
- With the graduate route visa, graduates are allowed to work after they complete their MBA program. Also, international students are allowed to work in the UK for upto 2 years after graduating.
- The UK universities host students from over 150 countries, have close tie-ups with top employers. So, it is easier for students to get real-world exposure through consulting projects, internships, and career workshops.
Top MBA universities in the UK
Here are the top 5 universities in the UK for an MBA:
University of Manchester
The University of Manchester Alliance Manchester Business School's MBA program is ranked 5th in the UK according to the FT Global MBA Rankings 2020. It is one of the few business schools worldwide with triple accreditation status. The school offers 3 MBA programs which are namely the Full-time MBA, Global Part-time MBA, and Kelley-Manchester Global MBA. Students receive the opportunity to study a range of elective courses which not only enables the building of expertise but also networks.
University of Edinburgh
The University of Edinburgh offers a Business Administration, Master of MBA program and the Executive Master of Business Administration MBA program. The first is designed for students with a certain level of work experience, who look to enhance their future prospects. On the other hand, the other one is designed for those who already possess experience in the field and wish to take their proficiency up a notch.
Durham University
Durham University offers 4 MBA programs. These include the Business Administration (Online), Business Development, Masters of Business Administration, and the Durham EBS Executive Masters of Business Administration. Along with certain core modules, certain specialist pathways are also offered.
Lancaster University
Lancaster University offers two MBA programs. This includes the Business Administration MBA and the Business Administration (Executive) MBA. Apart from theoretical knowledge, immense emphasis is placed on practical attainment. The MBA program is globally recognized and highly ranked by the Financial Times. The Executive Business Administration program is a part-time program for working professionals.
Aston University
Aston University offers 5 MBA programs. These are namely, Executive MBA 2021, MBA (full-time), MBA Healthcare Management, MBA Management of Manufacturing, and the Aston Online MBA. Catered to working professionals as well as those looking to enhance their skillsets, these MBA programs are holistic. Even those in the realm of healthcare and manufacturing who seek to enhance their business acumen can do so at Aston University.
Top Colleges to Study MBA in the UK
There are also renowned business schools and colleges, which are often part of big universities, that offers MBA programs.
The following are the colleges and schools for an MBA in the UK:
- Said Business School – University of Oxford
- Judge Business School – University of Cambridge
- London Business School – University of London
- Warwick Business School – University of Warwick
- Imperial College Business School – Imperial College London
Eligibility Criteria
To pursue an MBA in the UK, Indian and international students need to meet the following eligibility criteria:
- Recognized undergraduate degree in a relevant field.
- Though it is not mandatory but many universities require GMAT Some also ask for GRE as well.
- At least 3 years of full-time work experience is required after graduation for an MBA.
- English language proficiency certificate (IELTS, TOEFL).
- At least 1 year of Senior-level Management experience is preferred by some universities.
- Statement of purpose (SOP) and Letters of Recommendation (LOR) are also required, along with CV/resume.
MBA Scholarships in UK for Indian students
International students have access to the following wide range of scholarships:
- Chevening Scholarships
- Commonwealth Scholarships
- Imperial College of Business School Scholarships
- University-based scholarships are as follow: Oxford Pershing Square Scholarships, Queen Margaret University International Scholarships, Lancaster University Management School MBA Scholarship, Sheffield University Management School Scholarships, and many more.
Cost of Studying MBA in the UK
The cost of studying an MBA in the UK may differ as it depends on the university, and the course format too. However, on average, the tuition fees may range from £20,000 to £60,000 for a one-year MBA course. Whereas top universities like London Business School and Oxford (Saïd Business School) can charge around £90,000.
Apart from the tuition fees, there are additional expenses for living, accommodation, health insurance, visa fees, travel, textbooks, and more. Some students also fund their MBA programs through employer sponsorships or loans. But due to the potential of high income and career advancement, this program is often considered as worthwhile choice for many professionals.
Top Job Opportunities After an MBA in the UK
After completing an MBA from the UK, graduates can take up careers in wide range of job opportunities in multiple sectors:
- Consulting: Top companies like Deloitte, McKinsey often hire MBA graduates for strategic operations and management.
- Finance and Banking: Work at investment banks, asset management companies, and also fintech companies.
- Technology: Tech companies like Amazon, Google recruit MBA graduates for product management, operations, and also business development.
- Entrepreneurship and Startup: Many MBA graduates often vision to start their own business or tend to work in growing startups in innovation hubs like Manchester and London.
FAQs: MBA in UK
Is GMAT mandatory for all UK MBA programs?
Not all MBA programs require GMAT. Some universities select candidates with sufficient work experience.
Can one work while studying an MBA in the UK?
Yes, international students are permitted to work along with pursuing the course. But the students can work upto 20 hours per week during the semester time and during break time, they can opt for full time work.
What is the duration of an MBA in the UK?
Most of the full-time MBA programs in the UK are 1 year long.
Is UK MBA degree globally recognized?
Yes. MBAs from accredited UK universities are globally recognized and are highly respected by the employers, worldwide.
Are there any MBA programs without work experience?
Absolutely yes. Some universities do offer pre-MBA programs for fresh graduates, although these are less competitive and less common.
What is triple accreditation (AMBA, EQUIS, AACSB)?
This indicates that the business school is accredited by all three major international accreditation bodies.
For further assistance or queries students can contact us, Edwise International, and avail our wide range of services for students on destinations like Universities in UK, study in UK, study in USA, study in Ireland, study in Canada, study in Australia, study in New-Zealand, study in Singapore, study in France, study in Germany and many other countries.
