MBA in UK Cost in 2024-25: Tuition Fees, and Living Cost
The United Kingdom is known for its MBA courses, most of which last only one academic year unlike in other countries such as the USA, Australia, Canada, Germany, etc. All those looking forward to pursuing an MBA in the UK and pondering over its cost can wade through the article to get informed about the MBA fees in the UK and check out the universities offering an MBA in the UK along with their rankings & fees.
An MBA in the UK can transform a student's career path by flooding him with lucrative work opportunities that are both challenging and rewarding. Students who wish to give a promising start to their careers start off their journey by pursuing an MBA in the best business schools in the world. For that reason, the UK along with others remains a favourite destination for students that provides some of the top MBA colleges, with 6 of its colleges ranked in the top 50 MBA colleges in the world by the QS Global MBA Rankings 2024 and student-friendly cities with a lot of part-time work opportunities. In this article, we will present the cost of MBA in UK at some of the renowned universities.
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MBA in UK
The 1-year duration MBA in the UK not only saves time but also helps students spend less than what they would have to in a lengthier MBA.
Students graduating from UK universities and B-schools are some of the most employable in the world. As per reports, out of every 10 overseas students, 7 have stated that obtaining their education from the UK helped them progress well, get promoted earlier, and earn more. The country owns many of the world’s top MBA institutions such as London Business School, Cambridge Judge Business School, Oxford Saïd Business School, Imperial College Business School, etc. Graduates from these institutes have done exceptionally well and obtained great positions in some of the top MNCs in the world.
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UK MBA schools and colleges offer students some of the most diverse and best faculty with expertise in different specialisations. Also, with the blend of multiculturalism, global exposure, academic excellence, and tactical positioning, students gain a remarkable experience in the country.
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Cost of MBA in UK 2024-25
Shelling out money is one of the major concerns which bother students while planning to study abroad. While the tuition fees for an MBA course in the UK depend upon the location of your university/college and your level of study, generally the MBA fee range for overseas students may be anywhere between £35,000 up to £60,000 (INR 35,50,516 to INR 60,83,082) per annum or for the whole programme. Although this may appear affordable to many there are many top universities that charge over £1,00,000 (INR 1,01,38,470).
In such cases, financial assistance such as scholarships and grants become your savior as many of these may even cover 100% of your study-abroad expenses. You may also check the Education Loan for MBA Abroad to make your academic journey more secure.
Let us now have a look at the top 10 MBA universities in the UK along with their duration and annual tuition fees.
| MBA Cost in UK 2024-25 | ||
|---|---|---|
| University | Duration | Tuition Fee (Full Programme Fee) |
| Shiksha Grade: C++ |
15-21 Months | ₹84.85 Lakh |
| Cambridge Judge Business School, Cambridge Shiksha Grade: A++ |
1 Year | ₹81.90 Lakh |
| Said Business School, University of Oxford Shiksha Grade: A++ |
1 Year | ₹92.72 Lakh |
| Imperial College Business School Shiksha Grade: A++ |
1 Year | ₹74.71 Lakh |
| Shiksha Grade: A+ |
1 Year | ₹59.49 Lakh |
| Shiksha Grade: A+ |
18 or 15 Months | ₹41.62 Lakh |
| University of Edinburgh Business School Shiksha Grade: A++ |
1 Year | ₹45.27 Lakh |
| Cranfield School of Management Shiksha Grade: C++ |
1 Year | ₹51.36 Lakh |
| Durham University Business School Shiksha Grade: A |
1 Year | ₹41.51 Lakh |
| Shiksha Grade: B++ |
1 Year | ₹53.13 Lakh |
Read: Top 10 Colleges for Executive MBA Programs
Top MBA Colleges in the UK
While there are a number of good MBA institutes in the UK offering excellent education and return on investment, we have listed below the top 20 of them that feature in the QS Global MBA Rankings, 2024, both overall and in the United Kingdom.
| University | QS Global MBA Rankings 2024 |
|---|---|
| London Business School, London | #4 |
| Cambridge (Judge), Cambridge | #9 |
| Oxford (Said), Oxford | #18 |
| Imperial College Business School, London | #20 |
| Warwick Business School, Coventry | #36 |
| Manchester (Alliance) | #49 |
| University of Edinburgh Business School, Edinburgh | #64 |
| Cranfield School of Management, Cranfield | #82 |
| Durham University Business School, Durham | #101-110 |
| City’s Business School, London | #101-110 |
| Leeds University Business School, Leeds | #111-120 |
| Lancaster University Management School, Lancaster | #121-130 |
| Southampton Business School, Southampton | #131-140 |
| Nottingham University Business School, Nottingham | #151-200 |
| Bath School of Management, Bath | #141-50 |
| University of Strathclyde Business School, Glasgow | #151-200 |
| Birmingham Business School, Birmingham | #151-200 |
| Aston Business School, Birmingham | #151-200 |
| Brunel Business School, London | #151-200 |
| Exeter Business School, Exeter | #201-250 |
Read: MBA at Imperial College Business School (ICBS)vs London Business School (LBS)
Top B-Schools in the UK for International Students: Complete University Guide
| University | Complete University Guide: Business & Management Studies Rankings 2024 | Graduate Prospects |
|---|---|---|
| University of Oxford | #1 | 96% |
| King’s College London, University of London | #2 | 96% |
| University of Bath | #3 | 91% |
| UCL (University College London) | #4 | 87% |
| University of Warwick | #5 | 90% |
| London School of Economics & Political Science (LSE) | #6 | 82% |
| University of Exeter | #7 | 86% |
| University of St. Andrews | #8 | 57% |
| Durham University | #9 | 85% |
| City, University of London | #10 | 89% |
| University of Leeds | #11 | 86% |
| Loughborough University | #12 | 85% |
| University of Manchester | #13 | 85% |
| University of Bristol | #14 | 89% |
| The University of Edinburgh | #15 | 75% |
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MBA Graduate Salary in UK
The list below features the top 10 MBA colleges in the UK and their average graduate salaries. Also can be found are the names of companies or employers who have absorbed graduates from these institutes post-MBA.
| University | Average Graduate Salary |
|---|---|
| London Business School | £94,343 Recruiters: Google, Amazon, McKinsey, Goldman Sachs |
| Cambridge (Judge) | £75,198 Citi, Amazon, McKinsey & Company, Bain & Company |
| Oxford (Said) | £78,895 Amazon, KPMG, HSBC, Cognizant, Deloitte, EY |
| Imperial College Business School | £68,441 Amazon, TikTok, Uber Eats, PwC, HSBC, Deloitte, EY, Boston Consulting Group |
| Warwick Business School | £70,746 Amazon, Genpact, HSBC, EBay, JP Morgan, Capgemini, Gartner |
| Manchester (Alliance) | £98,300 |
| University of Edinburgh Business School | £93,200 Google, KPMG, Deloitte, Amazon, Citibank, Salesforce |
| Cranfield School of Management | £1,24,086 |
| Durham University Business School | £1,17,289 Hitachi, Boeing, P&G, Airbus, PwC, Diageo, EY |
| City’s Business School | £85,000 Bain & Company, Blackrock, EY, Maersk, Malayamart, Quanta Computers, PwC, Comcast, Ardian, Swoop |
Cost of Living in UK 2024-25
If you're planning to move to the UK for higher education and no dependant would accompany you, you may be required to pay a monthly living cost of £1300 to £1400 in London. Other cities apart from London would need you to shell out around £900 to £1300. These costs will cover one's groceries, accommodation, bills, and other related spending. Budgeting your stay is important as the living amount is affected by many other factors such as your lifestyle, miscellaneous expenditures, entertainment, etc. Go through Cost of Living in UK for International Students in 2024 to get an in-depth idea about your living expenditure.
For more details related to studying abroad and foreign admissions, reach out to Shiksha Study Abroad Counsellors for free
Read: Top Courses after MBA Abroad
Cost of MBA in UK FAQs
Q. How much does an MBA cost UK?
A. The cost of MBA in UK varies from departments, rankings and universities. The typical cost of MBA in UK varies from INR 36 lakhs to INR 83 lakhs (at top b-schools) for the full-time MBA degree.
Q. Which colleges provide cheapest MBA in UK for Indian students?
A. The universities providing the cheapest MBA courses in UK include the Teesside University, Staffordshire University, Leeds University, University of Bolton and the London School of Commerce.
Q. Is an MBA from UK valuable in India?
A. Yes, an MBA from UK can be valuable in India for the following reasons:
- The business schools in the UK are renowned for their academic excellence and international perspectives and thus they open doors to several work and job opportunities for their graduates worldwide.
- An MBA in UK focuses and works on improving the practical skills of the students making them industry-ready and sufficient enough for future business problems.
- With its large number of alumni spread across different nations, MBA graduates from the UK benefit from a strong social and professional network.
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- Universities in UK174 Universities
- Universities in USA1028 Universities
- Universities in Canada173 Universities
- Universities in Australia121 Universities
- Universities in Ireland33 Universities
- Universities in New Zealand70 Universities
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