Master of Business Administration (MBA) in UK

Master of Business Administration (MBA) in UK

bog
Jyoti L.Fri Jul 30 2021

Master in Business Administration (MBA) is a befitting degree for individuals who consider themselves or aspire to become leaders or managers. This degree is specially designed for students who want to gain knowledge in management, business skills, and the administration of small and large organisations effectively.

Over the years, the United Kingdom has emerged as a popular overseas education destination for international students. 

MBA in UK does not only propose an amazing education or career-building opportunities, but it also equips the students with relevant skills to succeed in the business and finance industry.

Why Study MBA in UK?

Academic Excellence:

The Universities in the UK are some of the top FT and have high ranks in another international B-Schools listing

Scholarship Programs

Every institution offers various scholarships programs that help in financially supporting international students,

Scope and Job Opportunities:

UK has extraordinary scope for MBA graduates. Research by Statistics Research Department demonstrates that London alone will have more than 390,000 job vacancies in 2027.  

Other than that, MBA graduates from the UK also find employment in banking, government department, MNC, research organisations, and other sectors.

Highest Salary Package:

The UK Universities provide the highest salary package with the best job opportunity in national/international organisations. Deserving MBA graduates get more than GBP 70,000.  

Language Proficiency:

In the UK, students get the opportunity to learn the Queen's English Language, which is referred to as the highest-level version of English. The students on campus learn refined pronunciation, correct grammatical errors, and gain fluent reading.

Top Universities for Study MBA in UK

If a student wishes to pursue an MBA from a top University or College, then they have to focus on different aspects of finalizing one. 

You have to look after different aspects including, faculty, program curriculum, growth and placement, fees, scholarship and job opportunities.

 According to the Financial Times Business School Ranking (2021) top universities and College, here is a list of MBA programs with program fees:

●      University of Oxford

●      Lancaster University

●      London Business School

●      Cambridge Judge Business School

●      University of Central Lancashire

●      Birmingham City University

●      University of Edinburgh Business School

Tuition Fees & Expenses for Study in UK MBA Courses

Have you already picked a course and university for your MBA? Then you are almost set to apply. However, budgeting is also an important factor in overall decision making. This means you will have to consider the expenses, including the tuition fee of the institution. 

Based on the above-stated top universities in UK for MBA listing, here are the course fees requested by the institutions:

University/ College NameTotal Course Fee
University of Oxford$78,500
Lancaster University$45210
London Business School$131684
Cambridge Judge Business School$ 81420
University of Central Lancashire$ 16,357

However, paying the tuition fee is not enough to stay and study in UK, but also you should be aware of other expenses other than education like the cost of living, food, transport and accommodation.

 The average cost for every year for other expenses is around 33,000 GBP per year.

Scholarship in the UK for International Students

Fulfilling the hefty fund demand for the duration of stay in the UK, through the course completion, requires strong financial backing. Therefore, to reduce the financial burden, a student can apply for a scholarship.

If you want a scholarship to study in UK, you must know that each program has its conditions and eligibility criteria. 

It is awarded based on merit, grades, and rankings by the government, educational institutions, NGO's, and many other organisations that offer scholarships.

University Admission requirements in the UK

Every student, including international applicants, must qualify for the below-mentioned eligibility criteria. To study MBA in UK, a student should provide:

University of Oxford

●      Duration: 1 year (full-time)

●      Requirements:

  • Education Transcripts (English translations must be attached if needed)
  • Proper documents to provide information about the applicant’s financial background
  • Letter of Recommendation
  • Statement of Purpose
  • Scores from English Proficiency Tests- TOEFL (110), IELTS (7.5), & GMAT/ GRE
  • Resume or CV

●      Application Intake: September to January

●      Application Fees: GBP 150

Lancaster University

●      Duration: 1 year & 2 year (full-time)

●      Requirements:

  • Applicants must have a 3 year Bachelor’s Degree or other Qualification of the same level from accredited Universities
  • 2.1 Honors Degree in any Subject or Equivalent Education
  • 3 or 5-year Professional Work Experience
  • Scores in GMAT & GRE
  • English Language Proficiency Tests- TOEFL or IELTS
  • Reference Letter (Professional & Academic)
  • Personal Statement
  • Students will also have to appear in an Interview with Lancaster Admission Team Member

●      Application Intake: Fall (July) or September Session (April)

●      Application Fees: No Fees

London Business School

●      Duration: 15 to 21 months (full-time)

●      Requirements:

  • Complete Undergraduate Education from recognized institutions
  • 2 year Work Experience
  • English Language Proficiency Scores- TOEFL, IELTS, & PTE]
  • CV or Resume of the applicant
  • Statement of Purpose
  • 2 Reference Letters (Academic)
  • Statement of Marks

●      Application Intake: Round-based Intake (Check the Official Website)

●      Application Fees: GBP 101

Cambridge Judge Business School

●      Duration: 1 year (full-time)

●      Requirements:

  • All interested candidates must have a Bachelor’s Honors Degree in Computer Science or any Equivalent Qualification
  • Minimum GPA of 3.6 on a 4.0 scale in the previous 2 years of education
  • Marks from English Proficiency Tests- TOEFL, PTE, & IELTS
  • Financial documents to provide economic background check
  • Statement of Marks
  • Letter of Recommendation
  • Statement of Purpose
  • Resume or CV

●      Application Intake: Round-based Intake (Check Official Website)

●      Application Fees: GBP 150

University of Central Lancashire

●      Duration: 1 year (full-time)

●      Requirements:

  • 2.2 Academic Degree or Equivalent Work Experience in relevant field
  • Certification for Graduation with a minimum of 50% marks
  • 1 year of Work Experience is mandatory
  • Requirement of IELTS or TOEFL (English Proficiency Tests)

●      Application Intake: September Session (April)

●      Application Fees: Check Official Website

All applicants will also have to appear for a campus test, an online test, and an interview; depending on the university chosen.

Work permit in the UK

After completing their Study of MBA program in UK, students tend to apply for available job opportunities to gain corporate exposure. In this case, they will have to extend their visa application and convert it to work. However, if you wish to work while studying, then you can apply for:

BRP- Biometric Residence Permit: BRP is a visa application in which it allows a student to work equivalent to Tier 4 student visa validation. In this process, a student can work a minimum of 20 hours/week.

Skilled Worker VISA Application- Valid for 5 years

In the UK, the Skilled Worker visa is valid for 5 years and after the expiry date, you have to renew the visa. A student can only apply for this after they have completed their MBA study in the United Kingdom. After getting this work permit, you will be allowed to work for 48 hours per week and it is mandatory to apply for 3 months before joining the office. To apply for this visa application a student has to submit the below documents:

●      Degree or Certification of Graduation

●      Student ID card of the University

●      Passport of the student

●      Certificate of the English Proficiency test

Tier Graduation Route

The Tier Graduation Route visa application is valid for 3 years which means you are allowed to work for 3 years in the UK.

Job Opportunities after you Study MBA in UK

There are various job opportunities and career options after an MBA degree including (the income stated is based on the annual salary of the professionals):

●      Finance Manager (£57,564)

●      HR Officer (£55,000 to £80,000)

●      Finance Analyst (£44,578)

●      Research Analyst (£34,933)

●      Finance Officer (£23928)    

PR Opportunities after Study in UK

All international students can easily find internships and work opportunities while completing their courses in the UK. However, if you wish to stay in the United Kingdom for a longer duration, especially for a job offer, then you will have to apply for a Permanent Residency.

Also called Indefinite Leave To Remain (ILR) Visa, this is provided to MBA students after 5 years of working a graduate job. However, they must have:

●      A Full-time Job

●      Clear Criminal Record

●      Proper Moral Conduct

The process takes around 6 months to complete, after which you will have your Permanent Residency in the UK.

 

Related Posts :

blog

Career after graduation in UK

Once you have graduated from university in the United Kingdom you can progress to a masters or doctorate or step into a career. Many graduates will combine employment with future studies, either takin
Study Info CentreWed Dec 09 2020
blog

How to apply for a Post-Study Work (PSW) visa in the UK?

The post-study work visa allows students to work or look for work after graduation which provides an opportunity for international students to work in UK and boost their career.
Shanti RanaTue Mar 09 2021