The Masters of Business Administration programme is a celebrated degree empowering an individual with a broad overview of the business and corporate world. An MBA program in the UK is designed to cater to the needs of both domestic and international students. Generally, the UK MBA courses are through full-time, part-time or distance/online learning mode.
Though every college has specific entry requirements, the usual mandates include: a recognised graduate degree, GMAT scores and work experience (for some types of MBA programmes). A GMAT score is not compulsory for studying an MBA in the UK. However, it can be beneficial to have a good GMAT score if you are looking for a scholarship from the universities.
The UK is a renowned study destination for pursuing an MBA due to the presence of some of the world’s best universities. Ten UK universities are placed at the top in the Financial Times Business School Rankings 2021. Check out the top five UK Business Schools to pursue an MBA below:
1. LONDON BUSINESS SCHOOL
London School of Business is one of the most elite business schools which has been ranked #2 in the world for their two-year MBA programme by Financial Times 2021.
The QS World Rankings 2021 has also ranked this business school at #2 in the world. London Business School allows students to customise and tailor their MBA programme as per their career needs. The faculty consists of world’s leading experts who can help students grow with advanced business thinking.
2. SAID BUSINESS SCHOOL
SAID Business School is the center for business programmes of the University of Oxford.
The University attracts the most qualified students of the world and has one of largest business schools in the UK. The School offers a solid foundation for students with its career-focused courses. Said Business School has been ranked #7 by the QS World University Rankings 2021.
3. CAMBRIDGE JUDGE BUSINESS SCHOOL
Cambridge Judge Business School is a part of the prestigious University of Cambridge. The MBA programme at Cambridge Judge Business School has been ranked #16 globally. It has also ranked #1 for its 1-year MBA programmes by the FT Times 2021 rankings. The courses are a combination of academic depth and practical focus. Every year Cambridge attracts the world’s best minds due to its long-standing academic reputation.
4. ALLIANCE MANCHESTER BUSINESS SCHOOL
Founded in 1965, Alliance Manchester is one of the UK’s first business schools. This business school is a part of the University of Manchester and has triple accreditation’s by AMBA, AACSB and EQUIS. It is ranked #4 overall in the UK by Financial Times 2021 and #5 for operations, project and supply-chain management by QS World Rankings 2021.
Their MBA curriculum offers global electives in Dubai, Hong-Kong, Shanghai and Sao Paulo, giving students an opportunity to experience diverse business cultures. Students are encouraged to focus on applied learning providing a quality learning experience.
5. WARWICK BUSINESS SCHOOL
Warwick Business School is ranked 35th in the world and 5th overall in the UK as per QS World MBA Rankings 2021. Warwick offers full-time, executive and distance learning MBA programmes, all of which are highly ranked courses by many of the world’s top-ranking agencies. WBS offers scholarships and benefits for its courses for over 2 million GBP. Warwick is renowned for its world-class placements with companies such as Microsoft, Disney, Ford and many more.
COST OF STUDYING AN MBA IN THE UK
Undoubtedly, studying an MBA in the UK is more expensive than in your native country. However, students do have funding options available to help them cover the costs. Students can apply for scholarships, apply for a postgraduate education loan or choose to work part-time while studying. The cost of living in the UK varies as per your lifestyle choices such as personal expenses, travel, meals and other expenses. On an average, a one-year MBA would cost between 10,000–15,000 GBP.
You need a UK student visa for studying a full-time MBA programme in the UK. The UK study visa allows you to work part-time during your studies. It will also enable you to stay in the UK for 2-years post completion of your course and work. The visa needs to be applied 3-months in advance to avoid any delays. The cost of a UK student visa is around 348 GBP with an additional cost for a dependent.
Studying an MBA in the UK has many academic, cultural and social advantages. It is unquestionably a huge step towards career advancement. The exposure will broaden your horizons and introduce you to the international business world.
If you wish to study an MBA in the UK, speak to an SI-UK India consultant who can help you apply to any university in the UK and guide you through the admission process.