Canapprove
GET FREE CONSULTATION

Tag: mba degree courses

The Ultimate Guide to Studying an MBA in UK

International students from all over the world choose the MBA in UK as one of the top courses. The educational system in the United Kingdom is well-known for its excellence, ability to provide students with the necessary skills. The number of students migrating to the UK for MBA is already on the rise, and the figures have been increasing over the last few years. Additionally, there are different specializations in MBA such as MBA in Finance, MBA in Public Relations, MBA in Human Resource etc.

Why MBA in UK

The United Kingdom is home to some of the world’s most prestigious MBA programs, recognized by all big global league tables. Moreover, the opportunities available for MBA graduates from the UK is immense. Let us look into more compelling reasons to pursue studies in the UK:

Renowned University: The UK is home to numerous study institutions which are top ranked. These include Cambridge, Oxford, Imperial College London, which provides world class education.

Global Curriculum: The UK education system offers education which is highly recognised and equips students to tackle the international business domain.

Multicultural environment: Over 65 % of students in the UK who are enrolling for MBA are international students which allows a diverse student community.

Competitive tuition fee: The tuition fees for MBA in UK matches those in the US and other countries, which provides lower financial burden with high quality of education.

Top Universities in UK for MBA

The MBA in the UK usually takes one year, which is the major reason for international students to fly in flocks to the UK. Another major reason is the availability of numerous Universities in the UK providing courses under various specializations and offering world class education. The UK is home to some of the oldest universities like:

1. University of Oxford

2. University of Warwick

3. University of Cambridge

4. University of Edinburgh

5. University of Aberdeen

University of Oxford is one of the oldest universities, founded in 1096. They have one of the top MBA programs and offers education on business principles and equip students with strategic skills.

University of Warwick is another institution which works towards making your career as a business professional. They provide MBA under numerous specializations.

University of Cambridge focus on providing transformative knowledge with expert guidance through top notch faculty members and external speakers.

University of Edinburgh offers MBA courses which is designed to build next generation strategic leaders. They offer Full time MBA, Executive MBA, Online MBA which are tailored to meet the demands of the industry.

University of Aberdeen is a renowned university that offer MBA program that is globally recognized and designed to develop the students leadership skills.

MBA Requirements in UK

There are certain eligibility criteria and requirement for international students applying for MBA in UK. Given below are the requirements and eligibility applying for MBA.

Eligibility Criteria

The eligibility criteria for MBA programs in the UK may differ varying upon the university and course duration. However here are some basic eligibility criteria for MBA admissions are:

  • Bachelor’s degree
  • GMAT score
  • English Proficiency
  • Work Experience
  • Passport & Visa

Bachelor’s degree – Every candidate must have completed their bachelor’s degree from a recognised institution with more than 60%.

GMAT/GRE: The applicants must have a decent mark in GMAT/GRE. The scores for GMAT varies depending on the university you choose. The scores needed are:

  • GMAT- 650 and above
  • English Proficiency- Being an English-speaking country, the admission for MBA programs demand language proficiency to help them easily interact in an international country. The required scores are:
  • IELTS- 6.0 – 7.5
  • TOEFL- 110

Work Experience- Work Experience of 3 years is usually preferred for MBA program by the UK universities. This is not a mandatory requirement.

Passport & Visa- Passport is an important document for abroad studies. Additionally, students must pay a visa fee of GBP 363 (INR 37800) for visa application.

Documents Required

The documents necessary for your student visa to pursue MBA in UK are:

  • Application form: You need to fill in the application from of the university with all your educational and personal information.
  • Academic details: Transcripts of your previous education.
  • Bachelor’s Certificate: Proving that you have completed your undergrad studies
  • Resume/ CV: Details regarding your occupation (if any) showing your skills, work experience etc.
  • LOR: Letter of recommendation is a written document from your professors or employer validating your qualification and character.
  • GMAT score: This is a standardised test score that some universities require.
  • Language Proficiency: English language proficiency like IELTS, TOEFL etc is a requirement for admissions in the UK.

N.B: GMAT is not required for some Universities.

Some Universities/collages provide IELTS waiver.

MBA Fees in UK

MBA Fees in UK

The tuition fee for MBA in UK can vary depending on the choice of your institution. On an average the tuition fee ranges from 30000 GBP- 80000 GBP. The below table shows the tuition fee in different universities.

Name of the University Tuition Fee (GBP)
Cambridge University £61,000
Oxford University £65,520
Imperial College Business School £57,200
University of Manchester £46,000
University of Edinburgh £35,900

Scholarships for MBA in UK

MBA in UK offers huge scholarship options for international students depending on their academic brilliance. These can be partially funded to fully funded scholarships. Some of the scholarships for Indian students are listed below:

Name of the Institution Scholarship Amount Awarded
London Business School London Business School Fund Scholarship, BK Birla Scholarship Up to full fees
Cambridge Judge Business School St. Catherine’s Benavitch Cambridge MBA Scholarship GBP 10,000
INR 10,66,520
University of Edinburgh Victor H. Loewenstein Scholarship GBP 5,000
INR 5,33,260
Imperial College London GMAT Excellence Award GBP 5,350
INR 5,70,590

MBA Salary in UK

The career prospects after completing MBA in UK are highly rewarding and competitive. There are numerous career options to choose from in the UK which allows you to explore your skillset and equip with a holistic understanding of the international work atmosphere. Here are some of the job roles and expected salary after MBA courses in the UK.

Job Title Top Recruiter Average Salary/Year (INR)
Financial Analyst PWC, Deloitte, EY 29.01 lakhs – 53.04 lakhs
Management Consultant EY, McKinsey & Company 68.45 lakhs – 102.45 lakhs
Operations Manager Amazon, Tesco, Accenture 65.45 lakhs
Marketing Manager Amazon, HSBC, Unilever 62.33 lakhs
Human Resource Officer HSBC, Accenture 56.45 lakhs

So, if you are someone planning to pursue MBA in UK, Contact CanApprove for more information on the requirements. We are the best overseas education service providers that can help you with the international education process. Our team of education experts deliver you the best service and will guide you through the complete process.

Frequently Asked Questions ( FAQ )

Can I get a job in the UK after my MBA?
Yes, you can get job after your MBA once you receive a valid offer letter from an employer.
Is it possible to get PR after studying in the UK?
Yes, you can apply for PR after your studies and if you satisfy the requirements
Can I get scholarships to study in the UK?
If you excel academically or in any extracurricular activities, you can receive partially or fully funded scholarships.
Is the UK good for MBA?
The UK is one of the top destinations for students to pursue their higher studies. They are armed with top Universities and world class teaching methods to equip the students with the most modern methodologies.
Cheapest MBA in UK for International students?
Most of the MBA courses in the UK have a competitive fees structure, but it is advisable to take the consultation of CanApprove experts to obtain personalised services.

Best Countries to Study MBA Abroad for Indian Students

Global leaders who originated from India, like Sundar Pichai, Indra Nooyi, Satya Nadella, and many more personalities in the past, have a specific common thing. Irrespective of their wealth, they are all MBA graduates. Also, they did their MBA in abroad. There are many countries that provide MBA degree courses but studying in the top country gains recognition and respect. Considering the above factor, this blog shows the best countries for MBA education and other requirements such as MBA specializations, scholarships, and jobs after graduation and concludes with some frequently asked questions for students whom they may want to ask.

Why Study MBA Abroad

  • Future-oriented Infrastructure: There are certain abroad universities that have cutting-edge technology and innovation hubs (or) centres for students with a vision towards the future betterment.
  • International Exposure: Pursuing an MBA abroad exposes another world to students and helps them to think rationally. This unique attribute would be useful in today’s business world.
  • Linked-In: A student who decides to study abroad connects to an opportunity with students and professionals across the world. This aids in the job search or for referrals.
  • Catchy Careers: Studying an MBA in overseas education can land lucrative job postings and attractive salary packages for graduates.
  • Trying New: A student who crosses the border for study abroad programs could change the way of life and transform into a self-reliant and self-sustaining person.

Best Countries for MBA for Indian Students

Best Countries for MBA for Indian Students

Choosing a country among the best countries for MBA studies depends upon several factors, such as tuition fees, food and accommodation, standard of living, and so on. Considering all the necessary factors and also the course factors, the following list lists the best countries to study abroad for an MBA:

  • The United States of America
  • The United Kingdom
  • Canada
  • Australia
  • Germany

Let’s delve deeper for more insights:

The United States of America

The USA is considered the best country for MBAs for students from India. There is a reason for the USA’s supremacy over MBA. The possible explanation is that the USA is the hub of most renowned universities, and certain colleges are considered the best MBA colleges in the world. The MBA course in the USA also includes internships during the summer.

Top 5 Universities
  • Stanford Graduate School of Business
  • Penn (Wharton)
  • Harvard Business School
  • MIT (Sloan)
  • Columbia Business School
Popular Programs
  • Finance
  • Business Analytics
  • Business Economics
Eligibility Criteria
  • Bachelor’s Degree
  • GMAT: 600 & above
  • IELTS: 7.0-7.5; TOEFL: 90-105
  • Work Experience (If applicable)
Course Duration
  • Full-Time: 1-2 Years
  • Part-Time: Upto 3 Years
Cost of Studying
  • $(60,000 – 80,000)

The United Kingdom

Like the United States, the United Kingdom is also the preferred country for Indian students for MBA studies. Its distinctive landscapes and the social life become the major pull-factor of Indian students, which results in a vibrant and thriving day-to-day activity. Also, the UK universities offer a wide MBA courses list for students to choose from.

Top 5 Universities
  • London Business School
  • Cambridge (Judge)
  • Oxford (Said)
  • Imperial College Business School
  • Warwick Business School
Popular Programs
  • General Management
  • Finance
  • Marketing
Eligibility Criteria
  • Bachelor’s Degree (or) Equivalent
  • GMAT: 600-700
  • IELTS: 6.0-6.5; TOEFL: 92-100
  • Relevant Work Experience (if applicable)
Course Duration
  • Full-Time: 1-1.5 Years
  • Part-Time: 2-4 Years
Cost of Studying
  • $(38,000 – 97,000)

Canada

Canada is another preferred country for Indian students because of its affordability. According to Forbes, Canada is known for ranking top in business investments. With a strong job market and graduates from a well-respected university, Canada becomes the regular choice among Indian students for MBA education.

Top 5 Universities
  • Toronto (Rotman)
  • McGill (Desautels)
  • Western (Ivey)
  • UBC (Sauder)
  • Queen’s (Smith)
Popular Programs
  • Financial Risk Management
  • General Management
  • Entrepreneurship and Innovation
 

Eligibility Criteria

  • Bachelors (or) Equivalent
  • GMAT: 500-700
  • IELTS: 6.5-7.0; TOEFL: 90-100
  • Work Experience (1/2 years) (if applicable)
Course Duration
  • Full-Time: 2 Years
  • Part-Time: 2-4 Years
Cost of Studying
  • $(30,000 – 40,000)

Australia

Another better choice for Indian students among the best countries for MBA is Australia. With over several business schools and a high quality of life, Australia is the best choice to settle-down. Also, the Australian universities provide different types of MBA courses, according to today’s ever-evolving market demand.

Top 5 Universities
  • Melbourne Business School
  • UNSW (AGSM)
  • University of Sydney Business School
  • UQ Business School
  • Monash Business School
 

Popular Programs

  • Finance
  • Marketing
  • Entrepreneurship
 

Eligibility Criteria

  • Bachelor’s degree with minimum 60% score
  • GMAT: 550-700
  • IELTS: 6.0-6.5; TOEFL: 64-96
  • Work Experience (If applicable)
Course Duration
  • Full-Time: 1.5-2 Years
  • Part-Time: 3-5 Years
Cost of Studying
  • $(35,000 – 55,000)

Germany

Germany is the best choice for students from India since the tuition fees in most of the public universities in Germany are completely free. The country offers state-of-the-art infrastructure and extensive research opportunities, which makes it the ideal place for Indian students to study the Masters in Business Administration. Moreover, many educators could teach German courses in English to attract Indian as well as international students.

Top 5 Universities
  • Frankfurt School of Finance & Management
  • Mannheim Business School
  • WHU (Otto Beisheim)
  • ESMT Berlin
  • EU Business School
Popular Programs
  • Engineering Management
  • Executive MBA
  • Leadership & Supply Chain Management
Eligibility Criteria
  • Bachelor’s Degree (3/4-year study)
  • GMAT Score: 550-600
  • IELTS:6.0-6.5; TOEFL: 90-100
  • Relevant Work Experience
Course Duration
  • Full-Time: 1-2 Years
  • Part-Time: 2-3 Years
Cost of Studying
  • $(18,000 – 42,000)

Top MBA Specializations

If a student wants to study MBA abroad, the most important condition for a student would be the stream selection. After finalizing the course via careful R&D, the next step would be studying the course description and the eligibility criteria for the selected course. For enrolling as an MBA student, the common feature for all courses is writing a GMAT for MBA. So, the student, irrespective of the nationality, has to write the GMAT abroad for an overseas MBA education. Considering the necessity factor, the upcoming list highlights the in-demand, top MBA programs:

  • MBA in General Management
  • MBA in Finance
  • MBA in Business Administration
  • MBA in Human Resource Management
  • MBA in Marketing Management
  • MBA in Strategy/Strategic Management
  • MBA in Entrepreneurship

Scholarships for MBA Abroad for Indian Students

Apart from course details, another attribute that students note down is the cost of studying for MBA education. The abroad tuition fee is considerably higher compared to the home country. So, most of the students work part-time to reduce their financial burden that they’re enduring. To ease the burden, the universities provide scholarships and reduce the tuition fees. So, the following list shows the scholarships from the best countries for MBA education, country-wise:

1.Scholarships in The USA

    • Stanford Knight-Hennessy Scholars Program
    • Harvard Business School Scholarships
    • McKinsey Award
    • Joseph Warton Fellowship
    • Judith L. and William G. Bollinger Fellowship

2.Scholarships in The UK

    • Charles Wallace India Trust Scholarships
    • Chevening Scholarships
    • Commonwealth Masters Scholarships
    • GREAT Scholarships
    • Inlaks Scholarships

3.Scholarships in Canada

    • Ontario Graduate Scholarship Program
    • Haskayne Entrance Donor Scholarships
    • Ivey MBA Scholarships in Canada
    • Alberta MBA Scholarships
    • Rotman School of Management Scholarships

4.Scholarships in Australia

    • ANU MBA Scholarships
    • Curtin International Scholarships – Merit Scholarships
    • Melbourne MBA Scholarships
    • Monash International Leadership Scholarships
    • Adelaide MBA Scholarships

5.Scholarships in Germany

    • DAAD Scholarships
    • ESMT MBA Scholarships
    • Dean’s Excellence Scholarships
    • Women in Business Scholarships
    • Asia Scholarship

High Paying Jobs in the Best Countries for MBA Abroad

After completing MBA, there are variety of job opportunities for students with MBA graduation who done abroad. These job opportunities are not just like asylum seeking. They are high-paying white-collar jobs that most of them want to employ. So, the following shows the potential lucrative jobs for MBA grads:

  • Business Development Managers
  • Business Analysts
  • Consulting Mangers
  • Investment Bankers
  • Corporate Finance Managers
  • Senior Financial Analysts
  • Business Consultants
  • Marketing Managers
  • Compensation Analysts

MBA Salary in Abroad Per Month

The salary for an MBA graduate is subjective based on factors like location, designation, nature of office, and so on. Therefore, to provide a more comprehensive view, the following table outlines the average salary in the top countries:

Top Countries Average Salary (USD/month) Average Salary (USD/year)
USA 9583 115,000
UK 10,625 127,504
Canada 6139.29 73,671.50
Australia 5326 63,913.15
Germany 16169.25 194,031.25

Conclusion

On the whole, management education is always in demand in today’s globalized world since productivity measures the success of a country. Keeping that in mind, this blog has shown the best countries for MBA education. If you want to leapfrog your education towards abroad and don’t know where to start, start with CanApprove.

Frequently Asked Questions (FAQ)

Which country has high demand for MBA?
The United States of America has the high demand for MBA education.
What are the types of MBA one can pursue abroad?
There are 5 types of MBA: Full-time, Part-time, One -year, Executive and Dual MBA courses one can pursue abroad.
Which MBA specialization is best in abroad?
There are many specializations in MBA. Out of those, MBA in Finance is considered best in abroad.
Is GMAT needed for MBA Abroad?
Yes. It is necessary to take the aptitude tests like GMAT. If not GMAT, there is another test like GRE.
Which MBA has highest salary abroad?
MBA in International Business receives the highest salary since BDMs are required for a company or LLP to move the business smoothly, across borders.