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The Ultimate Guide To MBA In The UK

June 12, 2024 •

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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 2024

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-time MBA Cost	Duration in Months	Intake	Type of MBA
London Business School (LBS)	London	£114,900	15-21	August	Full-time and Executive MBA
Oxford Business School	Oxford	£78,510	12	September	Full-time and Executive MBA
Cambridge Judge Business School	Cambridge	£69,200	12	September	Full-time and Executive MBA
Imperial College Business School	London	£64,400	12	September	Full-time, part-time, Executive, Distance learning
Warwick Business School (WBS)	Coventry	£53,250	12	September	Full-time and Executive MBA, Distance learning
Alliance Manchester Business School	Manchester	£49,000	18	August	Full-time and Part-time MBA
Edinburgh Business School	Edinburgh	£42,500	12	September	Full-time and Executive MBA
Cass Business School	London	£52,000	12	September	Full-time and Executive MBA
Cranfield School of Management	Cranfield	£45,000	13	September	Full-time and Executive MBA
Durham Business School	Durham	£38,000	12	September	Full-time, Executive, and Distance Learning
Lancaster University Management School	Lancaster	£37,250	12	September	Full-time and Executive MBA
Aston Business School	Birmingham	£29,950	12	January and September	Full-time, part-time, and executive MBA, Distance Learning
Leeds University Business School	Leeds	£33,500	12	September	Full-time and Executive MBA , Distance Learning
Birmingham Business School	Birmingham	£34,500	12	September	Full-time, part-time, and executive MBA, Distance Learning
Nottingham Business School (NTU)	Nottingham	£22,500	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!

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