UK as a country is popularly known for One-year MBA program. Almost 13 universities in UK offer a one-year MBA program unlike the traditional 2 year MBA. The universities in UK invite applications for overseas students mostly in the month of March and July. Therefore, students planning to study are required to submit GMAT score of 590 to 700 and work experience of 3-5 years.
- Over 90% of MBA graduates in the UK are employed within 3 months of their graduation.
- The UK Universities offer MBA in a variety of disciplines including finance & banking, entrepreneurship, business analytics, healthcare management, and artificial intelligence.
- The average salary of a full-time MBA program in the UK is 86,338.98 GBP.
- Most of the Universities in the United Kingdom are ranked among the top 100 universities globally.
Top Universities for One-Year MBA in UK
Below are top Universities that offer One-year MBA in the UK along with their rankings, GMAT & IELTS scores requirements as well as admission deadlines.
| University | Program | GMAT | IELTS | Application Deadline |
|---|---|---|---|
| University of Oxford | Full-time MBA | 650 | 7.0 | 23 March 2022 |
| University of Cambridge | Full-time MBA | 680-700 | 7.5 | Round 4: 7 March 2022 Round 5: 25 April 2022 |
| University of Exeter | Full-time MBA | 600 | 7.0 | Mid-July |
| University College London | Health MBA | 600 | 7.0 | March 31st, 2022 |
| University of Glasgow | Full-time MBA | 590 | 6.5 | 25 July 2022 |
| University of Liverpool | Full-time MBA | 590 | 6.5 | No specific Deadlines |
| Hult International Business School | Full-time Global MBA | No minimum score required | Round 3: February 17, 2022 Round 4: April 7, 2022 Round 5: May 26, 2022 Round 6: July 28, 2022 Round 7: September 8, 2022 |
| ESCP Business School | Full-time MBA In International Management | 600 | 6.5 | Round 6: March 10, 2022 Round 7: April 07, 2022 Round 8: May 05, 2022 |
| University of Stirling | Full-time MBA | 590 | 6.5 | Late August |
| London School Of International Business | Full-time MBA(Online) | 600 | No minimum score required | N.A |
MBA in UK for Indian Students: Admission Requirements
International students looking forward to pursuing a one-year full-time MBA program must go through all the eligibility requirements before applying for admission. Make sure you are aware of the basic MBA Requirements in UK
- Online Application from Universities' official website or via UCAS
- Application fees must be paid in GBP
- Undergraduate degree with good academic standings.
- English Proficiency Proof with test scores of IELTS or TOEFL exam.
- GMAT/GRE score between 590 to 700 or higher.
- Essays in 350 words or more as per the requirements of the University
- Financial proof
- Scholarship application
- Statement of Purpose
- References from faculty or professional
- CV or Resume
- Work Experience of 2 to 5 years or higher.
- Interview
- Copy of Passport
- Visa
One-Year MBA Fees in UK
For an international student planning to study in the United Kingdom, the costs for studying will be divided into 3 categories i.e Pre-arrival costs, cost of study, and cost of living in UK.
Pre-Arrival Cost in UK
Pre-arrival cost is the cost you will be required while applying for a UK student visa in the UK.
| Expenses | Cost (INR) |
|---|---|
| Application Fees | 10,210- 20,420 |
| Visa Application Fees | 35,531 |
| Short-term Students Visa | 9,903- 18,990 |
| Health Insurance | 47,987 |
| GMAT fees | 18,582 |
| GRE | 15,825 |
| IELTS fees | 15,111 |
| TOEFL fees | 13,783 |
| Airfare(INR) | 27,887 to 31,794 |
Full-time MBA in UK for International Students: Tuition Fees
Most of the top universities in the UK may cost 45,000 GBP annually. However, some universities offer high-quality MBA programs at much lower costs. The average tuition fee in such universities is 14,000 GBP. Apart from this, some of these Universities may require lower GPA and English language scores.
| University | Tuition Fees (INR) |
|---|---|
| University of Oxford | 68 lakhs |
| University of Cambridge | 62 lakhs |
| University of Exeter | 31 lakhs |
| University College London | 95 lakhs |
| University of Glasgow | 30 lakhs |
| University of Liverpool | 26 lakhs |
Cost of Living in UK
Below is the breakdown of the cost of living in the United Kingdom. The average cost of living in the UK is around 13,200 GBP to 15,600 annually.
| Expenses | Cost (INR) |
|---|---|
| Accommodation | 61,260 |
| Transportation | 8,168 |
| Food Shop | 7,555 |
| Water, Electricity & Gas | 4,696 |
| Clothing | 4,288 |
| Bank charges | 3,063 |
| Phone and Internet | 2,756 |
| Personal Care | 1,225 |
| Others | 2,144 |
MBA Scholarships in UK
To finance studies, international students can apply for various scholarships available in UK. Some of the scholarships offered for MBA by some of the top UK universities along with scholarship value are mentioned below.
| University | Scholarships Offered | Scholarship Value |
|---|---|---|
| University of Oxford | Saïd Business School Foundation Scholarships | 25,000 GBP |
| The Laidlaw Scholarships | 31,000 GBP | |
| The Skoll Scholarship | Full MBA fees and 50% grant to meet living expenses | |
| Weidenfeld-Hoffmann Scholarships and Leadership Programme | 15,609 GBP | |
| University of Cambridge | The Cambridge Judge Dean’s Scholarship for Outstanding Academic Achievement | 15,000 GBP |
| Wider Cambridge: The Cambridge MBA Scholarship for Professional Diversity | 30,000 GBP | |
| The Cambridge MBA Scholarship for Entrepreneurs | 15,000 GBP | |
| University of Exeter | Better World Scholarships | Varies |
| Academic Excellence Scholarship | 2,000 GBP | |
| 3,000 GBP | ||
| 6,000 GBP | ||
| University of Glasgow | The Glasgow MBA Scholarship | 18,000 GBP |
| University of Liverpool | ULMS Liverpool MBA Excellence Scholarship | Full or partial tuition fee waiver |
| ULMS Women in Football Scholarship | 100% Scholarship |
MBA Placements in UK
The average salary of a full-time MBA program in the UK is 86,338.98 GBP.
- Around 95% of graduates are employed after pursuing an MBA at the University of Exeter within 3 months of graduation.
- 94% of Oxford graduates are employed after pursuing an MBA within 3 months of graduation.
- 85% of University of Cambridge graduates are employed after pursuing an MBA within 3 months of graduation.
Also Check: Jobs in UK!
The average salary for MBA in Top Universities in the UK are tabulated below.
| University | Average Salary |
|---|---|
| London Business School | 98,883.96 GBP |
| University of Exeter | 98,146.02 GBP |
| University of Cambridge | 96,670.14 GBP |
| University of Oxford | 95,932.20 GBP |
| University of Liverpool | 66,414.60 GBP |
Studying for a full-time MBA is a good option if you are not willing to take long breaks from professional life. The MBA in the United Kingdom is mostly preferred by working professionals with a minimum of 3 or 5 years of work experience. Though students with minimum experience can also apply based on their good academic standing in undergraduate study or higher GMAT scores.
Comments