The United Kingdom has desired the most popular study abroad destinations in the world because of the quality and tradition of education. However, many consider getting an MBA from the UK to be pricey, especially where the students are from other countries. Happily, several universities in the UK charge average tuition fees for MBA degrees without any compromise to quality education and provide good opportunities for the students to have a competitive edge in the ever-expanding global marketplace.
This guide is for the international student who wants to pursue an MBA in the UK and is confused between the program’s affordability and its standard of education. Let’s discuss more about several low-cost MBA programs in the UK, highlight of such colleges/universities, fees of MBA, and the reason behind it.
Why pursue an MBA in the UK?
Before diving into the most affordable MBA programs, let’s understand why the UK is an attractive choice for MBA aspirants:
Global Recognition: Global ranking positions of UK universities are always impressive, and thus, the MBA degree is recognized worldwide.
Diverse Opportunities: The UK is a multicultural nation, and it also has a good market for employment; hence, it can provide very good ground for international networking.
Shorter Duration: Many MBA courses in the UK take only one year as opposed to two-year ones in other countries only, hence economical.
Post-Study Work Opportunities: The Graduate Route gives students the opportunity to work and live in the United Kingdom for two years after they finish their courses.
Top Cheapest MBA in UK for International Students
Getting an MBA in the UK will provide international students both educational quality and exposure to multiple cultures. There are some of the cheapest MBA colleges that offer quite good quality education compared to the others that almost have free tuition fees even for MBA. I have a short list and rank some of the best MBA programs in the UK with low tuition fees for international students, converted to INR, and links to their official page.
Top Universities for the Cheapest MBA in UK | Annual Tuition Fee | Top MBA Specialisations |
INR 8,61,000 (GBP 9,250) | International Business | |
INR 11,20,000 (GBP 11,800) | International Business | |
INR 10,45,000 (GBP 11, 000) | Human Resources, Project Management, | |
INR 14,84,250 (GBP 15,950) | Marketing, Entrepreneurship, Strategy | |
INR 13.02,000 (GBP 14,000) | Human Resources, Digital Technology, Finance | |
Teesside University | INR 13,10,000 (GBP 14,300) | Business Analytics, Global Business |
INR 12,56,000 (GBP 13,250) | Finance, Event Management and Hospitality | |
INR 11,91,000 (GBP 12,700) | International Business Marketing | |
INR 11,88,000 (GBP 12,500) | International Business and New Media Marketing | |
INR 13,60,000 (GBP 14,500) | Leadership, Digital Marketing, AI |
Key Features of Affordable UK MBA Programs
Focused Curriculum: These programs present a blend of theoretical and practical information appropriate for a global economy.
Industry-Relevant Projects: Undergraduate students get to solve live business cases and get a feel of the real world.
A small number of students per class promotes good contacts with lecturers and an individual approach to every learner.
Scholarships and Financial Aid: In fact, most universities offer scholarships to help assist with the expenses.
Admission requirements for MBA in UK
English Proficiency:
English Language Test: For IELTS or TOEFL, which is normally required for those whose first language is not English, essential standard scores are usually expected. The IELTS score, which is expected, is about 6.5 to 7 for the candidates.
Academic Qualifications:
Bachelor’s Degree: A recognised undergraduate degree (commonly a second-class honours or equivalent) in any subject. Some universities also accept lower qualifications, but the main requirement might be the work experience gained at the previous job.
GMAT/GRE Scores: Some universities demand either GMAT or GRE, but these requirements can be waived if the applicant has work experience or academic background records.
How do I apply for an MBA in the UK?
Applying for the cheapest MBA in the UK for international students is the first step you are going to take to a new adventure. These are the procedures you have to take the following steps.
Research and Choose a Program: To begin with, one should read more about different universities and their MBA offers. Such factors include the format of the course, the recognition of the program, areas of focus, eligibility or previous qualifications, and the staging of the course.
Check Eligibility: Make sure you fulfill the admission requirements, which are usually a bachelor’s degree, 2-3 years’ work experience, and a good GMAT/GRE score, although some universities undo this condition for deserving candidates. They could include providing IELTS or TOEFL scores; proficiency in the English language might also be required.
Prepare Your Documents: Having a CV, academic transcript copy, score report of GMAT/GRE if taken, IELTS/TOEFL score, if required, etc. Then there is a personal statement and two letters of recommendation. Some programs, however, may also necessitate a video interview.
Apply Online: Usually one has to apply online through the institution’s website and, in a few cases, through the centralized application portals such as UCAS. You are required to complete the application form, submit other necessary documents, and complete the fee payment.
Interview and Offer Acceptance: If your application makes it to the shortlist, you will be called for an interview either physically or online. An offer is made after an interview and the completion of the application form by the university in question. Following an offer, you will need to take it and apply for a student visa.
Living expenses for an Indian student to the UK
As for the living expenses for Indian students in the UK, these are also location dependent, as well as the lifestyle preferred: On average, it costs from INR 80,000 to INR 1,50,000 per month. Here's a breakdown of major expenses:
Expense | Amount |
Accommodation | On-campus: Rs 30,000 TO Rs 60,000 / month Off-campus: Rs 25000 to Rs 50000 per month, depending on different regions. |
Food | Monthly grocery costs: INR 10,000 to INR 20,000 Eating out: Floated in the range of INR 2,500 to INR 7,500 per month depending on the frequency of its occurrence. |
Transportation | Public transport (monthly pass): INR 4,000 to INR 10,000. |
Utilities (electricity, water, internet, etc.) | The wage range of an employee is between INR 3,000 and INR 8,000 per month. |
Miscellaneous expenses (entertainment, phone bills, etc.) | The pay scale ranges from INR 5,000 to INR 15,000 per month. The total monthly cost will range from INR 80000 to INR 150000 depending on most of the cities, but it will be a large amount in cities like London, Oxford, and Cambridge. |
Note: This is assuming, of course, that you’re limited to living in such areas, and these are some ballpark figures; costs can differ depending on the city and individual’s preferences.
Tips for Reducing Costs Further
Apply Early: It is hoped that early applications could help to gain better opportunities in the scholarships.
Part-Time Jobs: The UK permits the international students to work part time either during the course of their study.
Living economically: When travelling for long, choose cheap hotels and prepare your own meals to cut costs.
Leverage University Resources: Instead, the following services should be used rather than external services: libraries, online resources, and free workshops.
Listed below the top 5 highly demanded jobs after MBA in the UK.
There are many high-demand jobs that MBA graduates can get after the MBA degree from different organizations in the UK. Below is a table highlighting the top five such positions, along with their average annual salaries converted to Indian rupees (INR):
Job Title | Average Annual Salary (GBP) | Average Annual Salary (INR) |
Chief Operating Officer (COO) | 87,445K | 91,56,000 |
Director of Strategy | 85,780K | 89,82,000 |
Management Consultant | 50,769K | 53,16,000 |
Finance Manager | 40,152K | 42,04,000 |
Marketing Manager | 35,629K | 37,30,000 |
Note: Salary estimates are based on existing audited accounts and can differ with region, experience, and the implementing organizations.
These opportunities are valuable within the UK economy as many people are competing for these roles that provide reasonable wages and personal growth.
Conclusion
This simply means that studying in the Top Cheapest MBA in the UK for International Students is not as expensive as most people may think. Many institutions, such as the University of Bolton and Wrexham Glyndwr University, make it possible for the international student to get an education without straining so much financially. Those looking for status, get to the University of Oxford and London Business School and be prepared to pay through your nose. If students have time to plan their MBA and look for scholarships, they can maximize the UK experience.
If you are dreaming of studying MBA in the UK, then it is high time to contact our specialists in Western Fly Overseas.
Comments