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What Does It Cost To Study MBA in the UK?

October 2022

The United Kingdom is the second-largest international educational hub, with more than 395 universities. The UK is not only a multicultural diverse nation but also accommodates over 5 lakh, international students. Students from all over the world have the chance to establish significant contacts that help them in networking, which is one of the biggest advantages of studying in this nation.

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Why pursue MBA in the UK?

The UK is home to some of the premier MBA universities in the world. An MBA in the UK enables a candidate to improve their overall educational experience. Additionally, an MBA course introduces students to the worldwide network and the global market. MBA programmes at UK institutions are created to provide students with the tools they need to succeed professionally and to prepare them for life in the global economy.

Popular MBA programs in the UK

Here is a list of popular MBA programmes in the UK:

  1. MBA
  2. MBA Entrepreneurship MBA in International Business
  3. MBA Executive
  4. MBA in Accounting
  5. MBA in Finance

The cost of studying MBA in the UK:

Due to the fact that business schools determine their own prices for overseas students, one should anticipate encountering a separate set of international fees while enrolling in MBA programmes in the UK. In addition, the overall cost of an MBA in the UK for foreign students varies depending on the university, the programme you enrol in, and your location of study. Non-EU students pay greater tuition compared to local and EU students, whose annual costs are capped at EUR 9,250 (about INR 7 Lakhs). The annual cost of an MBA in the UK ranges from EUR 35,000 to EUR 58,000 (INR 29.5 Lakhs to INR 48 Lakhs) for overseas students. Some colleges do, however, continue to charge tuition fees outside of this range. Some universities also have cheaper semester tuition costs.

  • Application Fee - Some MBA programmes in the UK may require applicants to pay a one-time application fee alongside semester costs. This charge often varies from EUR 25 (INR 2,098) to EUR 60. (INR 5,036). Among the universities that impose this kind of fee on its students are the Universities of Manchester and Glasgow.
  • Deposit fee - Once you've been admitted to the MBA programme for which you've applied, you'll need to pay a "deposit" to secure your spot. It is crucial to remember that because the institutions do not set the price of this fee, it might vary from year to year. The cost typically falls between EUR 1,000 and EUR 4,000.

How to Cut Down Costs of Studying MBA in the UK?

The following advice can help overseas students lower the cost of an MBA in the UK:

  1. To supplement your income and gain experience in your area, consider engaging yourself in a part-time job.
  2. Look for internship opportunities for foreign students at your university.
  3. Enrol in a university in the UK with affordable tuition fees.
  4. To lessen the financial load, apply for a scholarship, grant, or award.
  5. Grab as many student discount cards, deals, discounts, etc. as you can!

Frequently Asked Questions about cost of studying MBA in the UK

What qualifications are needed to enrol in an MBA programme in the UK?

Most MBA universities in the UK typically demand the following qualifications:

  • A 50–60% average for an undergraduate degree (some schools may require a higher score)
  • In the UK, most business schools normally demand GMAT scores of 600 or above.
  • IELTS overall band score of 6.5+
  • Though not required, work experience is encouraged.

Is an MBA from the UK recognised in the US?

Yes, it is unquestionably true. Look into the worldwide university ranking of the school where you intend to do your MBA.

Is it feasible to enrol in a part-time MBA programme in UK?

Yes, that is doable. The trouble is, you can only apply to part-time MBA programmes in the UK if you have relevant job experience.

Is attending an MBA programme in the UK worthwhile?

Since MBA degrees in the UK are worldwide recognised and designed to prepare students for international work contexts, graduates may find employment almost everywhere. Other advantages include Best-ranked institutions, quick ROI, 12- to 18-month short programmes.

What are the various specialisations for MBA in the UK?

MBA programs in the UK offer a wide range of specializations to cater to diverse career aspirations and industry interests. Some of the common specializations available for MBA programs in the UK include Finance, Marketing, Entrepreneurship, Operations Management, Consulting, Human Resource Management, International Business, Strategic management/planning, Information Technology Management, Sustainability and Corporate Social Responsibility, Healthcare Management, Real Estate Management, Energy Management, Digital Business, Luxury Brand Management, etc.

How is MBA in the UK as compared to other nations?

When comparing MBA programmes in the UK and other countries, it is important to consider a number of variables, including programme structure, curriculum, networking possibilities, school reputation, post-MBA employment prospects, and cultural variations. The following is a comparison of MBA programmes offered in the UK and other countries:

  • Program structure: MBA programs in UK last one year for full-time programs, making it shorter in duration.
  • Reputation of the institutions: UK is home to several prestigious institutions including London Business School which is highly ranked.
  • Curriculum: Emphasises on finance, marketing, analytical, strategic and leadership skills
  • Networking opportunities: The program gives a chance to connect with peers, alumni and professionals during internships, guest lectures, career fairs and alumni network.
  • Career prospects: MBA graduates have a wide range of career prospects with high-paying roles

What are the different types of MBA can I pursue in UK?

In the UK, there are various types of MBA program that are tailored to meet the preferences and career goals of students. The various types of MBA are as follows:

  • Full-time MBA
  • Part-time MBA
  • Executive MBA
  • Global MBA
  • Specialised MBA
  • Dual degree MBA
  • Mini MBA
  • Specialist MBA
  • Online MBA (which can be further classified as full-time and part-time MBA)

What are the career prospects of MBA in UK?

A degree in MBA opens various career opportunities across many fields and disciplines. Also, the degree is globally recognised due to its global exposure, high-quality teaching, and a lot more. The various career prospects of MBA in the UK are as follows:

  • Managing consultant
  • Finance
  • Marketing and brand management
  • Corporate strategy
  • Entrepreneurship and startups
  • Human Resource management
  • Operations and Supply Chain management
  • Healthcare management
  • Technology management
  • International Business and Global management

What are the common mistakes that can be avoided while applying for MBA in the UK?

While applying for an MBA program in the UK, it is preferred to avoid common mistakes that can to rejection in admission. Here are some common mistakes to avoid while applying for MBA in UK:

  • Incomplete or incorrect application materials
  • Ignoring application deadlines
  • Lack of research about the program
  • Not customising the application as per the university
  • Weak personal statement or essays
  • Lack of professional experience
  • Poor Academic Performance
  • No preparation for interviews
  • Neglecting Letters of Recommendation
  • Not following up

What are the benefits of pursuing MBA in the UK?

Pursuing an MBA has several benefits that enhance the career prospects, personal development and global network. Here are some key benefits of pursuing an MBA in the UK.

  • World-class education
  • Global reputation
  • Diverse student body
  • Industry connections
  • Specialised programs
  • International exposure
  • Career opportunities
  • Personal development

Pursing an MBA in the UK offers a unique combination of academic excellence, global reputation, industry connections and personal growth opportunities.

For further assistance or queries students can contact us, Edwise International, and avail of 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 and many other countries.

Also read: Types of Travel and Tourism Courses in Canada

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