What Does it Cost of Studying MBA in UK?

cost of studying in mba in uk

What Does it Cost of Studying MBA in UK?

Aspiring to Study MBA in UK? MBA degree in UK is an internationally recognized post-graduate program in business administration. It teaches all the necessary skills to make your career in business management, or entrepreneurship. Getting an MBA degree from UK will provide you opportunity to increase your salary or advance your career. An MBA in UK is generally for 12 months. Some of the famous universities in UK offering MBA are University of Oxford, University of Cambridge, & University of Edinburgh. If you have made up your mind to study business administration in UK, this article will help you to calculate the cost of Studying MBA in UK. Lets’ find it out now!

Why Study MBA in UK?

  • One-year Study Programme
  • Close links with corporations
  • Business Networking
  • High Reputation
  • Low Cost
  • Increases your CV credibility
  • Experience multi-culture
  • Learn invaluable life skills

MBA in UK Eligibility

To pursue an MBA degree from UK, these are the general Eligibility Criteria to be fulfilled:

  • Academic Requirements: An Undergraduate degree with minimum 50-60% scored
  • GMAT Score – Minimum 600+ score required
  • Work Experience – Minimum 2-3 years (not always mandatory)
  • English Language Proficiency Test Scores – IELTS score of 6.5+ & TOEFL IBT score of 95+ required
  • Letters of Recommendation – 1 to 3 preferable from your ex-employer or supervisor
  • Statement of Purpose – 500 words personal statement essay answering questions like your short-term and long-term career goals, how an MBA degree will prepare you for the future and why you choose to study MBA?
  • Study Visa – For students planning to pursue full-time study in UK, a Tier-4 UK study visa is needed.
  • Funds – You have to present proof of enough funds in the bank to support yourself during your course of study in UK. (Minimum 1,500 GBP/month)

Cost of Studying in UK

Studying in UK is relatively cheaper than Studying in other popular destinations like USA. However, making an efficient budget plan will help you to manage the Cost of Studying in UK more effectively. While estimating the Cost of Study in UK, ensure that you calculate expenses for accommodation, food, transport, books & clothing also along with tuition fees.

Name of ProgramAverage Tuition Fees/per Year
Bachelor’s degree10,000 GBP to 30,000 GBP (approx.)
Master’s degree12,000 GBP to 35,000 GBP (approx.)
Doctoral degree15,000 GBP to 25,000 GBP (approx.)

Application Fees

Entrance Exam fee185 GBP (approx.) (17,000 INR approx.)
Application Fees50-150 GBP (approx.) (4,600-14,000 INR (approx.)
UK Study Visa Application Fees830 GBP (approx.) (77,000 INR (approx.)

Cost of Studying in UK: Personal Expenses

On an average, the cost of living in UK ranges from INR 50,000 to INR 1,00,000. All the personal expenses vary from city to city in which you live. Urbanized cities like London are much costlier than Liverpool or Leeds. Let’s see an approximate cost of living in UK.

CategoriesMinimum Expenses (INR) (approx.)
On-campus Accommodation50,000 (approximate)
Food20,000 (approx.)
Clothing7,500 (approx.)
Transport4,500 (approx.)
Laundry2,500  (approx.)
Mobile Phone Bills1,400 (approx.)
Books & course materials2,700 (approx.)
Electric bills & utilities4,700 (approx.)

Cost of Studying MBA in UK

The MBA program in UK is generally of 12 to 21 months duration  and costs between 31,000 GBP and 90,000 GBP (approx.) (29 lakhs INR TO 84  lakhs INR). A total of around 130 business schools in UK offer MBA programs.

MBA in UK for Indian Students Tuition Fees – Top Universities

UniversityDurationTuition Fees per year
University of Oxford1 yearINR 65 lakhs (approx.)
University of Cambridge1 yearINR 59 lakhs (approx.)
London Business School15-21 monthsINR 61 lakhs (approx.)
University of Warwick1 yearINR 42 lakhs (approx.)
Lancaster University1 yearINR 34 lakhs (approx.)
Cranfield University13 monthsINR 40 lakhs (approx.)
Brunel University1 yearINR 25 lakhs (approx.)

Cheapest MBA in UK for Indian Students

Affordable MBA in UK tuition fees start from around 11 lakhs per annum. See this list: 

MBA UniversityAnnual Tuition Fees (INR) (approx.)
Glasgow Caledonian UniversityINR 13,00,000
York St John UniversityINR 13,50,000
University of West LondonINR 13,70,000
London Metropolitan UniversityINR 15,00,000
Leeds Beckett UniversityINR 16,18,000
London South Bank UniversityINR 17,45,000
Teesside UniversityINR 18,05,000

Top Universities for MBA in UK

UniversityProgramQS World university Rankings 2022
London Business SchoolFull-Time MBA5
Judge Business School, University of CambridgeFull-Time MBA12
Said Business School, University of OxfordFull-Time MBA16
Imperial College Business SchoolFull-time MBA21
Alliance Manchester Business SchoolFull-time MBA47
Bayes Business SchoolFull-time MBA95
Durham University Business SchoolFull-time MBA94

MBA in UK – Top Specializations

SpecializationsAverage Salary per annum (approx.)
MBA (General Management)58,000 GBP
MBA (Marketing)36,000 GBP – 1,10,000 GBP
MBA (Business Strategy)97,000 GBP – 1,05,000 GBP
MBA (Finance)98,000 GBP – 1,06,000 GBP
MBA (Human Resources)44,000 GBP – 86,500 GBP
MBA (Operations Management)43,000 GBP – 72,000 GBP
MBA (Consulting)86,500 GBP – 1,09,000 GBP

Jobs after MBA in UK

International students opt to do MBA in UK for two main reasons: Higher return on investment & shorter duration of course. Lets’ see some of the top-paying jobs in UK for MBA graduates. 

SpecializationJobs NameAverage Salary/Year
MBA (Banking & Finance)Finance AnalystsFinance ManagerFinance AssociateInvestment Banker46 lakhs – 1 crore (approx.)
MBA (Human Resources Management)Human Resources ManagerGlobal Development ManagerProgram HR Manager42 lakhs – 75 lakhs (approx.)
MBA (Information Technology)Information Technology ManagerIT Services ManagerIT Senior Associate28 lakhs – 88 lakhs (approx.)
MBA (Marketing)Field Marketing ManagerEquity PortfolioBusiness Intelligence Manager22 lakhs – 1.50 crore (approx.)
MBA (General Management)Business Development ManagerBusiness SpecialistConsumer strategy Manager25 lakhs – 79 lakhs (approx.)

Last Thoughts!

UK degrees are recognized worldwide for their quality world-class education. UK attracts thousands of international students to its business & management programs. Pursuing an MBA in UK means guaranteeing a good education for yourself while simultaneously making yourself a better candidate for job opportunities. Before leaving for UK to pursue an MBA, have a calculation on the tuition costs & cost of studying in UK. Hope this Blog post has given you an accurate estimate of the cost of studying for an MBA in UK. Please like and share our post!

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