The MBA has always created excitement in the UK. As a fellow MBA aspirant, I cannot begin to explain how thrilled I was while writing this blog. The UK is home to over 395 universities that welcome more than 5 lakh international students every year. Being the second most prominent educational hub for international students, the UK is a true melting pot of culture. Students get the opportunity to mingle with like-minded people from different backgrounds. However, pursuing an MBA in the UK can be tricky, especially if it’s your first time travelling abroad. This Ultimate Guide To Study MBA In The UK will teach you everything you need to know about pursuing an MBA In The UK.
Reasons To Study MBA in the UK
Why should I do an MBA in the UK? Is a question you’ve probably asked yourself a hundred times. Whether you’ve received a satisfactory answer or not, I’ll take the liberty to present you with 6 compelling reasons as to why an MBA in the UK is a home run!
1. Duration Of The MBA Programme In The UK
Arguably, one of the most important reasons students pursue their MBA abroad is because of the shorter course duration. Traditionally, an MBA programme lasts for up to 24 months, however, most MBA programmes in the UK last for no more than 12 months.
This means..
Less duration = less expenditure = more savings!
Moreover, a majority of UK universities recognize the Indian system of 3 years bachelor degree.
2. Affordable Tuition Fees
MBA universities in the UK are relatively more affordable when compared to American business schools. The tuition fees for one-year MBA programmes range around £10,000 – £15,000, whereas, MBA programmes at top schools like Oxford and Cambridge potentially cost up to £45,000.
However, students need not compromise on their dreams of attending a world class university just because of their limited financial resources. UniCreds is an online education loan marketplace where students can get safe and reliable education loans for their MBA from the most popular lenders in the world. Head over to UniCreds today and find your ideal education loan.
3. Variety Of MBA Courses
The UK offers students a varied range of programmes, as compared to other countries. Besides the core management subjects like Economics, Finance, Management Operations, Human resources, Accounting, Marketing, Information systems, and Quantitative methods, a number of other electives are also offered for students.
4. Strong Research Infrastructure
30% of UK university research is classified as ‘world-leading’ and 46% as ‘internationally excellent’ as per the surveys and studies by Research Excellence Framework (REF). The REF is the system for evaluating the quality of research in UK higher education institutions.
5. Leading MBA Curriculum
MBA business schools in the UK have set the benchmark for teaching and research at the universities and colleges. The student profile and programme portfolio tend to attract some of the top world recruiters. Having an MBA degree in the UK will certainly give you a competitive edge over others once when you are back in your country.
6. Alumni Network
Your MBA journey does not end after graduation. Once you finish your MBA, you gain alumni status and the right to join the alumni club. A strong alumni network offers networking opportunities and opens a rich storehouse of resources and knowledge that will impact your career in the future.
Top Universities With MBA Degree In The UK 2021
MBA university ranking in the UK, like TopUniversities, QS World University Rankings, The Financial Times and The Economist have released their list of ‘Best Universities Of MBA In The UK’. These MBA university ranking in the UK take into account factors like career opportunities, personal development, alumni network, tuition fees, average weighted salary and ROI. I have taken the liberty of collating the best universities for MBA into one ultimate list. This list is replete with details on course duration, tuition fees, location, intake month and types of MBA.
| Top Universities Of MBA In The UK | Location | Full-timeMBA Cost | Duration in Months | Intake | Type of MBA |
| London Business School (LBS) | London | £87,900 | 15-21 | August | Full-time and Executive MBA |
| Oxford Business School | Oxford | £63,000 | 12 | September | Full-time and Executive MBA |
| Cambridge Judge Business School | Cambridge | £59,000 | 12 | September | Full-time and Executive MBA |
| Imperial College Business School | London | £53,500 | 12 | September | Full-time, part-time, Executive, Distance learning |
| Warwick Business School (WBS) | Coventry | £43,950 | 12 | September | Full-time and Executive MBA, Distance learning |
| Alliance Manchester Business School | Manchester | £44,000 | 18 | August | Full-time and Part-time MBA |
| Edinburgh Business School | Edinburgh | £32,500 | 12 | September | Full-time and Executive MBA |
| Cass Business School | London | £46,000 | 12 | September | Full-time and Executive MBA |
| Cranfield School of Management | Cranfield | £39,000 | 13 | September | Full-time and Executive MBA |
| Durham Business School | Durham | £31,500 | 12 | September | Full-time, Executive, and Distance Learning |
| Lancaster University Management School | Lancaster | £33,000 | 12 | September | Full-time and Executive MBA |
| Aston Business School | Birmingham | £25,850 | 12 | January and September | Full-time, part-time, and executive MBA, Distance Learning |
| Leeds Business School | Leeds | £30,000 | 12 | September | Full-time and Executive MBA , Distance Learning |
| Birmingham Business School | Birmingham | £28,980 | 12 | September | Full-time, part-time, and executive MBA, Distance Learning |
| Nottingham Business School (NTU) | Nottingham | £18,500 | 12 | September | Full-time and Executive MBA, Distance Learning |
Entrance Exam For MBA In The UK
It is essential to know the entry requirements before beginning your MBA application process. Business schools in the UK vary but as a general rule applicants will need the following:
- A minimum 3-years of full-time work experience
- A Bachelor’s degree or equivalent
- GMAT
- IELTS score of at least 6.0-6.5
GMAT
A vast number of business schools make it mandatory for students to take the Graduate Management Admission Test, or GMAT. The GMAT tests challenge students in the following topics –
- Analytical Writing: Argument analysis
- Integrated Reasoning: Graphics and table analysis
- Quantitative Aptitude: ability to read a passage and problem solve
- Verbal: Critical reasoning and sentence correction
The GMAT is an adaptive based test. Harder questions that are answered correctly are worth more points. Whereas, incorrect answers will be met with easier questions, which reward fewer points.
Cost Of MBA In The UK
Thanks to the shorter duration of MBA programmes in the UK, the overall cost of the tuition fees and living expenses gets reduced to almost half. Although the tuition fees vary from college to college, on an average it lies anywhere between £10,000–£15,000 pounds (other than Oxford and Cambridge which may cost up to £45,000).
The cost of living in the UK depends entirely on the location of college and lifestyle. As per the UK Border Agency (UKBA), in order to get your visa approved you are required to have a minimum of INR 1.15 Lakh per month apart from the tuition fees to study in London. For the other locations in the UK (apart from London), you typically need around INR 1 Lakh per month. You would need around 25,000 to 30,000 rupees per week for living anywhere in the country. However, it is still an estimate as the final costs will be defined on the basis on lifestyle you follow.
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Conclusion
It’s true that an MBA in the UK will set you up for life. This degree offers global recognition and elevates you to a certain status. However, all of this does not come easy. An MBA requires unwavering commitment, dedication and financial resources from start to finish. Only if you are 100% sure this is the right path for you, then by all means, go for it! It will be one of the greatest decisions you’ll ever make!
We hope you enjoyed reading this blog on The Ultimate Guide To MBA In The UK. If you wish to read more blogs like this, here are some blogs that we think you will enjoy reading –
- Top MBA Universities In The UK
- The Big Question: MBA in Foreign Vs MBA in India
- MBA in the UK for Indian Students
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