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.

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

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

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

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

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

2. 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.

3. Is it feasible to enrol in a part-time MBA programme in th 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.

4. 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.

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.

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