Masters in Management in UK is an intensive full-time taught program usually of one-year duration. It aims at preparing recent graduate students from diverse academic backgrounds for careers in management. The tuition fee for Masters in Management in UK ranges from 16,000-45,000 GBP. For Indian students, the cost of studying MiM at top UK universities is approximately 16-45 lakhs INR to study in the UK.
Studying MIM in UK has been gaining popularity as an alternative to pursuing an MBA degree. Admission to this program at UK universities does not require a management degree program at the undergraduate level or any kind of prior work experience. For students applying to universities for offering MIM in the UK, you will not only need to fulfill basic admission requirements but also ensure that they fulfill country-specific eligibility criteria. Indian students need to have at least 60% in their bachelor's degree to get into universities in the UK. Another added advantage of applying to a master's in management is that GMAT scores are not mandatorily required by all universities offering the program.
The overall cost of studying in UK may seem overwhelming to students. In such a case, you can opt for scholarships in the UK available for international students. Masters in Management in UK may offer returns slightly lesser than MBA courses, but the course is considered no lesser as it opens the majority of the doors to management careers. After graduating, your average annual salary may reach up to 50,000 to 67,000 GBP (50.16-67.21 lakhs INR) per annum.
Top Universities for Masters in Management in UK
According to QS World University Rankings 2022, listed below are the top universities in the UK offering Masters in Management programs. The table below also describes the program offered, its duration and tuition fees for completing the program from a specific business school in UK.
| Top Universities | Program Offered | Application Deadlines | Tuition Fee (GBP) |
|---|---|---|---|
| Imperial College London | MSc in Management | Rolling Basis | 34,400 |
| University College London | MSc in Management | March 31, 2023 | 38,300 |
| Birmingham City University | MSc in Management and International Business | Rolling Basis | 16,300 |
| University of Leeds | MSc in Management | June 29, 2023 | 27,500 |
| University of Birmingham | MSc in Management | July 1, 2023 | 26,640 |
| London Business School | Masters in Management | March 13, 2023 | 44,900 |
| London School of Economics and Political Science | Masters in Management | Rolling Basis | 36,480 |
| Strathclyde Business School | MSc in Business and Management | Rolling Basis | 25,100 |
| University of Edinburgh Business School | Masters in Management | February 8, 2023 | 29,500 |
| Alliance Manchester Business School | MSc in Management | February 10, 2023 | 28,000 |
| Durham University Business School | MSc in Management | Rolling Basis | 29,500 |
Why Study Masters in Management in UK?
According to the University College of London’s Centre for Global Higher Education, studying in the UK is the second most popular option among international students. A few of the reasons to pursue a Masters in Management in UK are:
- More than 35 universities in UK offer Masters in Management program, out of which 6 universities are among the top 100 universities in the world, as per the QS World University Rankings 2023
- According to QS World Subject Rankings 2023, 7 top universities for Masters in Management in UK are among the top 50 universities in the world for Business and Management Studies
- The program fee for Masters in Management in the UK is almost 50% less than that of an MBA in the UK.
- Masters in Management in the UK will provide you with the most in-demand skills that large and small businesses look for when hiring people for research roles in a variety of fields
- The unemployment rate of UK as of November 2022 is 3.7%, indicating abundant job opportunities for graduates.
What is the Admission Process of Masters in Management in UK?
For admissions to Masters in Management, applicants are required to fulfill all the admission requirements as per the university. Mentioned below are a few of the important admission requirements.
- Application: Admission applications to apply at UK universities for Masters in Management can be made online through the respective university website.
- Application Fee: All the applicants are required to pay an application processing fee that is non-refundable. The application fee at a few of the top UK universities for Masters in Management ranges between 60-100 GBP (~6,000-10,000 INR).
- Application Timeline: The application for Masters in Management in the UK usually begins in the month of September in most of the top universities in the UK. Many of the universities have their admission deadlines in the month of June- July.
However, a few universities such as Imperial College Business School and the London School of Economics do not have any application deadlines. Applications for such universities are reviewed on a rolling basis.
Eligibility Criteria for Masters in Management in UK
The eligibility for admissions in a Masters of Management program is similar for most of the universities in the UK. Applicants from any study discipline are eligible to apply for Masters in Management in the UK.
- Applicants are required to have an undergraduate degree equivalent to the UK first or upper second class honors (2:1) degree
- An equivalent undergraduate degree with 60-70% is acceptable
- ELP is an important part of the admission criteria for international students. Applicants must make sure to submit their scores for English proficiency exams along with the admission application.
- IELTS: 6.5 to 7.0
- TOEFL: 93-100
- Another major part of the admission application for Masters in Management are the scores of standardized exams to study in the UK. These include GMAT/GRE scores, though not required by many universities, having one will always be an added advantage.
Country-Specific Requirements for Masters in Management in UK
International students are required to provide a UK equivalent undergraduate degree from an accredited and recognized university in their respective home countries or universities abroad. Tabulated below are a few of the acceptable degree equivalents for admissions in the UK:
| Country | Requirements |
|---|---|
| Bangladesh | Masters degree after a 3-4 year bachelor’s degree with a first-class honors degree and average marks of 75% or a GPA of 3.75/4 or above |
| Hong Kong | Bachelor degree with a 2:1 classification |
| India | 3-4 years bachelor degree with 60%-70% or 7.5/10 or 3.3/4 CGPA |
| Sri Lanka | 4- year bachelor or professional degree with overall marks of 65% or 2:1 classification honors degree |
| Thailand | Bachelor degree with overall GPA between 3.25/4 to 3.5/4 or 75% |
The table above shows the average accepted scores for the Master's program. Applicants are advised to contact the university officials for specific details.
University-Specific Eligibility for Masters in Management in UK
Though the general requirements are already listed above, let us now dive into the details of admission requirements for some of the top colleges in UK offering masters in management:
| Top Universities | Admission Requirements | Additional Requirements |
|---|---|---|
| Imperial College London | Bachelor’s degree (hons) | 2 LORs | Personal Statement | Updated Resume/CV | GMAT/GRE scores (recommended, not required) | IELTS: 7.0 | TOEFL: 100 | Minimum overall aggregate of 60% |
| University College London | Bachelor’s degree | IELTS: 7.0 | TOEFL: 96 | Minimum overall aggregate of 60% |
| Birmingham City University | Bachelor’s degree (hons) | IELTS: 6.0 | TOEFL: 80 | Minimum overall aggregate of 60% |
| University of Leeds | Bachelor’s degree (hons) | 2 LORs | Personal Statement | Updated Resume/CV | IELTS: 6.5 | TOEFL: 88 | Minimum overall aggregate of 60% |
| University of Birmingham | Bachelor’s degree (hons) | 2 LORs | Personal Statement | Updated Resume/CV | IELTS: 7.0 | TOEFL: 95 | Minimum overall aggregate of 60% |
| London Business School | Bachelor’s degree | GMAT/GRE scores | Updated Resume/CV | Essay | LOR | IELTS: 7.5 | TOEFL: 100 | Minimum overall aggregate of 80% |
| London School of Economics and Political Science | Bachelor’s degree | Updated Resume/CV | 3 months of work experience (recommended, not required) | IELTS: 7.0 | TOEFL: 100 | Minimum overall aggregate of 60-65% |
| Strathclyde Business School | Bachelor’s degree (hons) | Personal Statement | Updated Resume/CV | IELTS: 6.5 | TOEFL: 88 | Minimum overall aggregate of 60% |
| University of Edinburgh Business School | Bachelor’s degree (hons) | Personal Statement | Updated Resume/CV | IELTS: 7.0 | TOEFL: 100 | Minimum overall aggregate of 60% |
| Alliance Manchester Business School | Bachelor’s degree (hons) | Personal Statement | Updated Resume/CV | IELTS: 7.0 | TOEFL: 100 | Minimum overall aggregate of 60% |
| Durham University Business School | Bachelor’s degree (hons) | IELTS: 7.0 | TOEFL: 100 | Minimum overall aggregate of 60% |
What Documents are Required to study Masters in Management in UK?
The admission requirements or the supporting documents required for admissions in a Masters in Management program are listed below:
- Completed admission application form
- Payment of non-refundable application fee
- Academic transcripts from all educational institutions attended
- Proof of English language proficiency scores
- Standardized exams to study in UK- GMAT or GRE
- Current CV
- Name and contact details of 1-2 referees
- SOP with details about themselves, interests, values, etc.
- Application Essays on why the applicant wants to join the program and the university/ college
- A few of the universities might also ask the applicant to appear for an interview with the university
It must be noted that Masters in Management in the UK is targeted for newly graduated students. Therefore, it is not mandatory for an applicant to provide any work experience. However, an internship or work experience for up to two years might be a plus point in the admission application.
How much will it cost to study Masters in Management in UK?
Studying abroad is an important investment done by a student to pursue higher education in the UK. The costs incurred by a student to study Masters in Management in UK not only involves the tuition fee for the program, but also the pre-arrival costs and the travel and accommodation expenses. The average tuition cost for studying Masters in Management is around 30,000 GBP (30 lakhs INR) and the total yearly cost of living in UK is 12,000 GBP (12 lakhs INR). Given below is the detailed breakdown of the same.
Tuition Fees for Masters in Management in UK
The total international tuition fees for Masters in Management ranges between 16,000-45,000 GBP (16-45 lakhs INR). Among the top 10 universities in the UK offering Masters in Management, the London Business School program is the most expensive with a total tuition fee of 44,900 GBP (45 lakhs INR) for a 12-month duration. Birmingham City University is the least expensive with a program fee of 16,300 GBP (16 lakhs INR) for international students.
Tuition Fees for Indian students planning to study masters in management in UK are:
| Top Universities | Tuition Fee (GBP) | Tuition Fee (INR) |
|---|---|---|
| Imperial College London | 34,400 | 34.5 lakhs |
| University College London | 38,300 | 38.42 lakhs |
| Birmingham City University | 16,300 | 16.35 lakhs |
| University of Leeds | 27,500 | 27.58 lakhs |
| University of Birmingham | 26,640 | 26.72 lakhs |
| London Business School | 44,900 | 45 lakhs |
| London School of Economics and Political Science | 36,480 | 36.6 lakhs |
| Strathclyde Business School | 25,100 | 25.18 lakhs |
| University of Edinburgh Business School | 29,500 | 29.6 lakhs |
| Alliance Manchester Business School | 28,000 | 28.08 lakhs |
| Durham University Business School | 29,500 | 29.6 lakhs |
Cost of Living in UK
The living costs in the UK varies with the part of the country a student stays in. Students living in London pay more as compared to other parts of the UK. The average monthly living costs for international students in UK is around 1,120 GBP (1.11 lakhs INR).
| Expense Type | Average Cost (GBP) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 600 | 57,685 |
| Food | 180 | 18,257 |
| Transport | 30 | 3,043 |
| Phone/Internet | 20 | 2,029 |
| Household Expenses | 45 | 4,326 |
| Miscellaneous | 245 | 23,554 |
Students can also stay on-campus if student housing options are provided by the respective universities.
Scholarships for Masters in Management in UK
The universities in the UK offer various scholarships for international students in UK. These financial aid options include scholarships, education loans, etc. The table below shows the various scholarships awarded to students enrolled in Masters in Management programs in the UK.
| Scholarship Name | Awarding Institution | Eligibility Criteria | Award Details (GBP) |
|---|---|---|---|
| Commonwealth Masters Scholarship | UK Government | Resident of commonwealth countries, Official transcripts, at least 2 references | Full tuition fee coverage, Stipend of 1,236 GBP per month |
| Imperial Excellence Scholarship | Imperial College London | Academic Merit, Professional or Internship Experience, Leadership Skills | 10,000 |
| UCL Global Masters Scholarship | University College London | Financial Need | 15,000 |
| Business School International Excellence Scholarships | University of Leeds | Enrolled for a Business Masters Course | 50% tuition fee reduction |
| Million Pound Scholarship Fund for Business School Master’s Students | University of Birmingham | Enrolled for a Business Masters Course | Up to 100% fee reduction |
| Lady Meherbai D. Tata Education Trust Scholarship | London Business School | Indian women with a strong academic record who graduated from a recognised Indian university | Enrolled in Business Masters programs | Variable |
| LSE Master's Awards | London School of Economics and Political Science | Financial Need | can range from 5,000 to a full award |
| EU Engagement Scholarships Postgraduate Taught Courses | Strathclyde Business School | Enrolled in postgraduate taught programs | Up to 10,000 |
| Dean's Excellence Scholarship Programme | University of Edinburgh Business School | Enrolled in Business Masters programs | Academic merit | 5,000-10,000 |
Students can also apply for various international scholarships to study in UK that are awarded by various private organizations or agencies and also the respective home country governments.
What are the job opportunities after MiM in UK?
After completion of the Masters in Management in the UK, graduate students have a number of opportunities in various working sectors. Graduates from UK universities can look for jobs available for international students in UK or other countries as per their choice.
It is reported that most of the graduates go on to work in sectors such as:
| Job Sectors | Companies Hiring |
|---|---|
| Finance | Barclays Bank, Cathay United Bank, Lloyds Banking Group, Clydesdale & Yorkshire Bank, Consulting - Ernst & Young, PwC, KPMG |
| Manufacturing | Pine Chemical Group, Rajeev Metal Industries |
| Business Support | Transport for London, GSK, Zepplin |
| IT Services | IBM, Italy-China E-commerce Sales Center, Toyota Tsusho Network Integration |
| Start-ups | Scorace, Nuvven, To Be Healthy Foods |
Graduates of MiM program have a strong reputation among companies that run various graduate training programs or among various banks, etc. looking for analyst-level recruits. This is quite distinct from the case seen in MBA graduates where recruiters recruit graduates for specific job profiles.
An average annual salary package for a graduate of Masters in Management in the UK is 35,000 GBP. It is reported that international students are allowed a two year Post Study Work in UK, making it easier to apply for various jobs after graduating and staying in the UK.
Salaries after Masters in Management in UK
The average salaries with job roles after masters in management in UK are tabulated below.
| Job Roles | Average Salary (GBP) | Average Salary (INR) |
|---|---|---|
| Marketing Manager | 37,240 | 37.35 lakhs |
| Project Manager | 48,780 | 48.93 lakhs |
| Management Consultant | 47,880 | 48.03 lakhs |
| Business Analyst | 35,000 | 35.11 lakhs |
| Digital Marketing Manager | 33,560 | 33.66 lakhs |
| Business Development Manager | 43,900 | 44.04 lakhs |
| Marketing Executive | 25,230 | 25.31 lakhs |
| Finance Manager | 46,880 | 47.03 lakhs |
| Human Resources Manager | 36,200 | 36.31 lakhs |
Is it better to do Masters in Management in UK or Canada?
The table below demonstrates the basic differences between MiM in UK and MiM in Canada:
| Parameter | Masters in Management in UK | Masters in Management in Canada |
|---|---|---|
| Duration | 1 year | 2 years |
| Average Tuition Fees | 16,000-45,000 GBP (16-45 lakhs INR) | 15,000- 72,630 CAD (9.16-44.37 lakhs INR) |
| Cost of Living | 1,120 GBP (1.11 lakhs INR) | 1,987 CAD (1.19 lakhs INR) |
| Percentage Required | 65-75% | 80-90% |
| English Language Proficiency Tests | IELTS: 7.0 | TOEFL: 100+ | IELTS: 7.0 | TOEFL: 100+ |
| Accepted Entrance Exam | GMAT/GRE Scores (if required) | GMAT: 550 or above |
| Average Salary | 45,000 GBP (45 lakhs INR) | 66,000 CAD (40.32 lakhs INR) |
Students who wish to study abroad and want to launch their careers in management can choose to study Masters in Management in UK. The program will give a foundation in the fundamentals of managing people and organizations in the real world. The program curriculum also promotes the knowledge and skills demanded by leading companies in business analysis, marketing, financial management, leadership, and strategy, etc.
FAQ's
Ques. How much can I make with a masters in management degree in the UK?
Ans. With a master's in management from UK, you can earn an average annual salary of 45,000 GBP (~43 LPA INR). With the experience of 2-3 years, your salaries may hike up to 67,000 GBP (~ 67 LPA INR).
Ques. Can I pursue a master's in management in the UK without GMAT?
Ans. Yes, many business schools in the UK offering a master's in management do not require you to have a GMAT score.
Ques. Do I need work experience to pursue a master's in management in UK?
Ans. No, though some business schools prefer students with work experience, it is rarely a mandatory minimum requirement for getting into masters in management programs in UK.
Ques. How much does a master's in management in the UK cost?
Ans. Pursuing a master's in management in the UK from top universities can cost from 19-33 Lakhs to complete the program. Additionally, you will require to survive in UK. The amount requires from city to city, London is the most expensive. On average your annual cost of living in the UK will be 14-17 Lakhs.
Ques. What do I need to apply for a master’s in management in the UK?
Ans. International applicants must have a relevant bachelor's degree with 60% or more, ELP test score- IELTS (7.0) or TOEFL (100), and GMAT scores if required by a specific university of choice.
Ques. Where can I study masters in management in UK?
Ans. Some of the popular business schools and universities in UK offering masters in management are Imperial College London, LSE, London School of Business, Business School of University of Edinburgh, Alliance Manchester Business School, Warwick School of Business, Strathclyde Business School, and more.
Ques. Is masters in management in UK available with placements?
Ans. Some of the popular UK universities offer placement route for master of management courses. Students opting for placement route through the university usually have a two-year course with one semester or one complete year dedicated to industry experience or placement.
Ques. Is GMAT mandatory for masters in management in UK?
Ans. Though universities may ask for your GMAT score as an additionall assessment criteria but for most popular universities it is not mandatory to have GMAT scores as a part of your master in management applications.
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