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Management has become a vibrant topic nowadays. It has achieved great heights in this coming world. We require management in everyday life but do not focus on it in that sense. The general meaning of management is to handle a group of things together in a given time period. For example, the students who are preparing for the CAT exam need to manage their time periodically as per their routine. One more example can be managing the finances of your home in the given amount of money.
Management is a necessity for everyone and is a part of everybody’s routine. But when we talk of pursuing a particular degree in management then this term bifurcates in various divisions. Management is a required field in every subject. For example, events, hotels, tourism, business, finances, marketing, etc. Business is the top priority for the students recently due to many startups, and the demand for management professionals in top companies.
Students, as well as professionals from every field, are looking forward to study MBA abroad. They want to improve their business skills and also want to get a good job opportunity there. Due to the huge demand and high salary packages, students migrate abroad for their MBA studies.
The international students get the opportunity to choose the type of MBA they want to pursue. There can be various options to choose on which modes to study. There are 3 ways to study that international students can opt for.
Full-time MBA
A full-time MBA allows the student to complete the degree on time. This also helps the students to gain practical as well as theoretical knowledge from the University. The time period of this MBA is one year in the UK.
Part-time MBA
A part-time MBA is done by the students who are pursuing a Job and cannot give full time. Part-Time MBA is not for International Students. Non-UK or UK citizens can do it while working full-time in the UK. It is completed in 2 years in the UK. The student gets ample time in this to prepare and appears for the University exams.
Online MBA
Online Study is very popular after COVID – 19 Pandemic. Online MBA provides the benefit of studying at home. This not only saves the traveling cost but also encourages the students to study in a homely environment.
It is better for the student to know why he needs to choose the UK for the MBA degree rather than India. If we do compare the Indian MBA degree with the UK MBA degree, we will find various differences. Some of them are:
In India, the MBA degree is of 2 years whereas in the UK it is of one year.
In India MBA degree provides the student to opt for a specialization in the 2nd year. Whereas, in the UK, the practice starts from the very beginning in the form of practical.
In the UK, an MBA degree works on providing business skills to the students and hence covers all specialization in a year. Whereas in India the students choose one or two fields of specialization.
A UK MBA degree saves time and money for the student and provides a high placement job earlier than an Indian MBA.
The students preparing for the top colleges in India have to struggle a lot to secure admission. Whereas in the UK the students can get to the top colleges easily on the basis of their minimum academic requirements.
The fees of top Universities in India are between 10 to 30 lakhs. Whereas in the UK, the fees range between 10 to 20 lakhs for an entire course. However, it can be easily recovered by the student through part-time jobs and placements.
The United Kingdom is a group of well-developed nations which possess more than 3 trillion dollars in GDP. The UK has a great environment and works to strive toward the excellence of its people. London, which is a great business city, is the dream of many students. The UK not only provides quality education but also provides high placement jobs to the students. There are many reasons why an international student should choose the UK to pursue an MBA. Some of them are:
Globally recognized in Business courses
The United Kingdom is recognized as a leading business education provider in the world. Everyone is well aware that Universities in the UK provide business education from ancient times, and the tradition is followed till day. The Universities in the UK are globally recognized and possess a great global reputation
Top-class universities
The United Kingdom has cream-layered universities. These universities have occupied their place in the world’s Top 100 Universities. They provide a well-researched education to the students. Therefore, the students of these universities set a niche all over the globe. The Russell Group of Universities is placed in the Top 100 best Universities in the world. Enrolling in these universities can develop a student’s career in a strong way.
Research-based environment
Students want to study In the UK, so that they can develop their research-based approach. The Universities do not focus on rote learning. However, they focus on developing the research-based or practical approach for the students. This provides the student with a new way of learning and applying things in the real world.
Affordable fee structure
The UK has an advantage over other countries when it comes to the fee structure. A different group of universities has different fee structures. The fees of the MBA range from £12,000 GBP to £80,000 GBP. It can go higher if the university demands so. But, in general, the fee structure is very nominal in comparison to other countries.
One more advantage of the UK universities is they provide an MBA degree of 1 Year. The benefit of this is that rather than studying for 2 years the students can complete their studies and can work in the UK in that time. This provides them a quicker opportunity to pursue a job and also saves money and time.
Availability of scholarships
Besides having a nominal fee structure, Universities in the UK provide various scholarships to international students. The motto behind this is to encourage the students to study abroad. The international student gets a lot of benefits than the natives.
High Job placements
As the student will be able to complete his MBA in UK in one year, he will find a job earlier. Some universities provide a placement year with an MBA degree. The students can easily get placement due to the high requirements of the professionals. The international student will receive a 2-year PSW in UK which will help them to earn money after their studies. The salary of the students in the UK depends upon practical skills more than theoretical skills.
To pursue a master’s in Business administration (MBA) in the UK, students need to know about the types of universities. This helps them to understand the requirements of that university and their qualifications. There are more than 150 universities present in the UK. Great Britain has more than 100 Universities out of the 150.
In the UK, the students majorly enroll themselves in one of the 2 groups of the Universities. The 2 groups are described below:
Public-funded Universities
The public-funded universities are those which are funded by the UK government. These Universities are quite cheaper than privately-funded universities. Public-funded universities also include the Russell Group of universities. Therefore, we can say that all the Russell group of universities are public-funded but not all public-funded universities are Russell Group of Universities.
Some universities are not highly research-based as Russell Group but possess a good reputation. These universities are placed in the Top 500 world’s best universities. Some of them are quite cheaper than the Russell Group of universities. However, these universities also provide great Job opportunities in UK.
University of Plymouth
Russell Group of Universities
The Russell Group of universities is considered a group of top-class universities in the UK. The group involves 24 top universities. These Universities have world-class research-intensive programs which develop a different perspective in students. The Russell Group of universities has a high reputation in the entire world. These Universities are known for providing a research environment and high placement jobs in UK
More than 32% of international students are enrolled in the Russell Group of universities. The group of these Universities is counted among the world’s top 100 universities. The name of the 24 Universities are:
University of Exeter
Imperial College London
King's College London
London School of Economics & Political Science
University of Manchester
To make an application to your favourite University in UK, you are required to submit the following documents. The required documents are:
Mark sheet of class 10th
Mark sheet of class 12th
Mark sheet of bachelor’s degree
Transcript of bachelor’s degree
Passport
IELTS score (if required)
2 letters of recommendation (LOR)
Statement of purpose (SOP)
Updated CV
Work experience (if any)
The criteria to get admission in the UK is different for a different group of Universities. If the student wants himself to enroll in the Russell Group of universities then the criteria are different. Meanwhile, the criteria vary for the public-funded institutes also.
The student must have secured 70% in his bachelor’s degree.
GMAT exam is required in some Universities.
If more than 70% in English are in class 12th (CBSE/ICSE) then an IELTS waiver can be given.
IELTS score of 7.0 overall with 6 in each element, It varies with the university
PTE score of 70 overall with no band less than 51, It varies with the university
TOEFL score of 100 with no band less than 21, It varies with the university
2-3 years of work experience is preferred.
The student must have secured 55% in their bachelor’s degree.
GMAT is required in some Universities.
If more than 60% in English subject in class 12th (CBSE/ICSE), then an IELTS waiver can be given.
If more than 65% - 70% in English are in class 12th (state boards), then an IELTS waiver can be provided to the students.
IELTS score of 6.0 overall with no element less than 5.5 is required.
Work experience is preferred but It varies with the university
The fee structure varies according to the different universities. If you want to pursue an MBA from the Russell Group of universities then the fee will be £25,000 - £35,000 GBP. If you want to pursue an MBA from a public-funded University then the fee will be £12,000 - £20,000 GBP.
The international students will also get a benefit from the scholarship. The fee structure of some of the universities (for session 2022-23) are given below:
| Name of the University | Fee structure (1 year) |
|---|---|
| University of Worcester | £14,400 GBP |
| Birmingham City University | £16,300 GBP - £18,000 GBP |
| Middlesex University | £19,000GBP |
| Oxford Brookes University | International distance learning- £14,100 ACCA member or £18,600 for a non-ACCA member. |
| University of East London | £16,200 GBP |
| Coventry University | £18,500 GBP |
| Anglia Ruskin University | £17,200 GBP |
| Sheffield Hallam University | £17,105 GBP |
| Ulster University | £19,000 GBP |
| De Montfort University | £17,000 GBP |
| University for creative arts | £18,500GBP |
| York St. John University | £10,800 GBP |
| Queen's University Belfast | £19,000GBP - £26,250 GBP |
| London school of economics | £19,000 GBP - £30,000 GBP |
For more details, students can visit the university website.
The attraction for many international students is the scholarship offered by the Universities. If we talk about the scholarship program in the UK, it is considered better than any other country. The Universities in the UK provide scholarships to the students if they have secured a minimum of 55% also in their bachelor’s degree. This creates a hike in the number of international students going abroad for their studies.
The Universities in the UK provide scholarships *Up to 100% (T&C apply) if the students meet the criteria. Let’s understand this with the example of 2 universities.
The University of Worcester’s fee for an MBA (1 year) is £14,400 for the academic year 2022-2023. The scholarship provided to the students is up to £3,000 which reduces your fee to £11,400. Scholarship in Worcester for UG students going for master’s courses is 2000 pounds for 55% to 60% & is 3000 pounds for 60% to above. If the student pays full tuition fees in one shot then with the above scholarship he gets an early bird discount of £500 also.
Queen’s University Belfast provides a scholarship for MBA for up to £5,000. The fee for the MBA in QUB is £26,250. After receiving the scholarship of 5,000 the fee gets reduced to £21,250. There are many scholarships provided to international students for pursuing post-graduation programs at QUB. If the student pays the full fee in one shot then he gets a discount of £1,500 with the above scholarship. The eligible student will automatically receive the scholarship.
A major problem that students face is the problem of living in another country at affordable prices. In the UK students pay the living cost according to the city chosen. For example, the living cost inside London is quite higher than the outside London cities. An international student needs to choose where they want to study which can help them evaluate their living cost.
Inside London
London is counted among the most expensive cities in the world. It is a city of dreams in the entire United Kingdom. If the students want to study in London then this will cost them a bit higher. The cost of living in London ranges from 12,000 pounds to 15,000 pounds.
Outside London
The UK is full of various great cities. It is not necessary that a student needs to live in London only to have a good exposure. The UK has a dynamic culture and has people from different nationalities. Outside London is much cheaper than inside London. Hence, the cost of living outside London ranges between 8,000 pounds to 10,000 pounds.
If you are studying in the UK then you need not worry about the high-salaried jobs. The UK has a high employment rate which means that the student will surely get a job after his studies. There are various jobs in the UK with a high salary package. Some of the jobs with their salaries are described below.
Human Resource
Many students want to become human resource managers due to their role in every organization. The UK has a high demand for HR and also pays well. The salary of an HR manager ranges from 20,000 pounds to 40,000 pounds a month.
Marketing and sales
If the student has an interest in marketing or sales, then he can also get a high-salaried job. The UK has a demand for people who can work as marketing or sales representatives for the company. The salary provided to them ranges from 30,000 pounds to 45,000 pounds a month
Commercial manager
The role of a commercial manager is to manage the company’s commercial affairs. The students who want to be commercial managers can apply for this job in the UK. The salary of the commercial manager is 45,000 pounds per month and above.
Business development representative
Nowadays organizations require a business development representative who helps the company by building its reputation. Many organizations require them in large quantities. Students can also become business development representatives after completing the MBA. The salary of this post is 25,000 pounds to 35,000 pounds.
Product specialist
Every organization has a product to sell. To sell a product they need a product specialist who can evaluate the product and can modify it when needed. The salary of the product specialist is between 35,000 pounds to 50,000 pounds.
Business analyst
After pursuing an MBA in UK, the student can become a business analyst. A business analyst helps the organization to grow and evaluate its progress. The salary of a business analyst is between 35,000 pounds to 45,000 pounds.
Finance manager
Students can become finance managers after completing the MBA. The finance manager looks after the financial conditions of the organization. This is the highest paying job in the UK. He receives a salary between 40,000 pounds to 120,000 pounds.
Generally, in the UK the MBA degree is of 12 months but some Universities provide the degree of 18 months also.
The internship opportunities are provided by the UK universities to the international students. Some of the Universities provide a 1-year placement program with a one-year degree.
Due to the high employment rate, an international student can easily get a job after completing the MBA. These jobs have a handsome salary package which attracts a student to pursue an MBA in the UK.
The cost of an MBA depends upon the University chosen by the student. If the student chose the Russell Group of universities then the fee will be higher than other universities. Generally, the fee ranges from £11,000 to £80,000.
The post-study work permit is provided in the UK for 2 years. The student can finish his education and can pursue a job in the UK for 2 years. After the completion of the PSW period, the student must return back to his home country.
Yes, the scholarships are available in UK universities for MBA. The amount of scholarship varies according to the different Universities. The amount also depends upon the academic performance of the student. Generally, the scholarship starts from £1000 and can reach up to 100%.
The cost of living in the UK depends upon the area the student chose to live in. The cost inside London is quite higher than the Outside London. Outside London’s cost of living can be between 8,000-10,000 pounds and that of inside London can be 12,000-15,000 pounds.
The study gap is acceptable in the UK but it should be justified. If the student has a work experience of 2-3 years then his profile for MBA will be stronger.
No, the IELTS exam is not mandatory in the UK. In some Universities, it is required but mostly not. If the student has 60% marks (CBSE/ICSE) in English subject in class 12th then an IELTS waiver can be provided to him.
The GRE/GMAT score is required by some of the universities. It is not mandatory but if your university demands so then it is.
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