MBA in the UK
Planning to study MBA in the UK? If your answer is yes, your decision will certainly stand you in good stead since you are on your way to getting a qualification that will give you a global edge. Master of Business Administration (MBA) is among the most popular courses globally and obtaining a degree from reputed university will be a ticket for a bright future and career. Getting your MBA from UK will mark a distinctive edge in the job market and help you in pursuing an international career.
UK is next only to USA in term of attracting international students thanks to the British education which is known for its quality and tradition. UK MBA schools offer a unique experience to the students. Some of the best universities across the globe, for instance, London Business School offer MBA programs which open for the student horizons that are altogether new.
Another important factor to consider is pursuing an MBA in the UK enables students to save time since the course duration of an MBA program in the UK is one year and not 2 years as in the US and Canada. For Indian students it is especially helpful that most UK schools accept a three-year bachelor’s degree.
Graduation Degree a Prerequisite:
Universities in the UK mostly require applicants to have a 3-year graduation degree as a pre-requisite for admission to an MBA program. Three-year degrees such as Bachelor of Science (BSc), Bachelor of Commerce (BCom) and Bachelor of Arts (BA) are considered on par with a bachelor’s degree in the UK. Several universities require the applicant to have an honors degree, while others insist on a first-class degree from any one of the leading universities in India.
Most MBA programs in the UK require work experience. MBA programs accredited by the AMBA require work experience of up to 3 years.
Several universities recommend that you take the GMAT. They accept the scores as part of the application. However, it’s not a pre-requisite for most business schools in the UK. As a result, only students aspiring to join top schools such as Manchester Business School or London Business School are required to worry about their GMAT scores. But you need to make sure that the program you are applying requires GMAT as a pre-requisite or not.
English language ability test:
Applicants are required by almost every university in the UK to take the requisite English language ability test for joining the MBA program they offer. Even those from English medium schools are required to take the exam.
The documents required for applying to the MBA program in a UK university are:
Academic Records – mark sheets and transcripts
Test score reports
Statement of purpose/application essays
A student pursuing an MBA from a high-cost university in the UK would pay a tuition fee of £12,000–30,000. The average living costs would amount to £7,500 per year. So the annual costs would add up to £19,500 – 37,500. A student pursuing an MBA from a university with a medium ranking would pay a tuition fee of nearly £9,000 – 12,000. So including the annual living costs £7,500 the total cost would add up to £16,500 – 19,500. The more economical private colleges would charge a lesser tuition fee and living costs are likely to be around £5,000 the total annual cost amounting to £12,200–14,000.
Scholarships and Financial Aid:
For pursuing MBA in UK, students mostly do not find any financial aid. Although some universities at times waiver off a part of the tuition fees for some students with exceptional backgrounds. Not a lot of options are available for Scholarships while pursuing MBA in UK. Mostly all students fund their expenses while pursuing MBA from UK.
Work post MBA:
While it is not an easy task for an international student to acquire a job in the UK as the rules and restrictions governing employment of foreign nationals are stringent, exceptional students have an opportunity now with the new visa norms coming for tier 2 visa. The new rules state that students on tier 4 visa can obtain a Tier 2 visa to stay and work, providing they can get a graduate-level job paying £20,300 or more.
The new immigration rules allow few international MBA graduates from British universities and other higher education institutions to stay in the United Kingdom for up to a year after graduating as part of the expanded graduate entrepreneur scheme. Up to 1,000 will be able to stay to develop their own business idea or work in a start-up, after which they can apply to stay in the UK as a skilled worker or an entrepreneur.
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