MBA in UK Cost in 2023: 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 cost in the UK and check out the universities offering an MBA in the UK along with their rankings & fees.
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 is 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.
Read: MIM vs MBA in UK: Which Course is Better in 2024?
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, 2023, both overall and in the United Kingdom.
| University | QS Global MBA Rankings 2023 | QS Global MBA Rankings 2023 (in UK) |
|---|---|---|
| London Business School, London | #2 | #1 |
| Cambridge (Judge), Cambridge | #6 | #2 |
| Oxford (Said), Oxford | #7 | #3 |
| Imperial College Business School, London | #9 | #4 |
| Warwick Business School, Coventry | #15 | #5 |
| Manchester (Alliance) | #19 | #6 |
| University of Edinburgh Business School, Edinburgh | #23 | #7 |
| Cranfield School of Management, Cranfield | #28 | #8 |
| Durham University Business School, Durham | #30 | #9 |
| City’s Business School, London | #31 | #10 |
| Leeds University Business School, Leeds | #37 | #11 |
| Lancaster University Management School, Lancaster | #41 | #12 |
| Southampton Business School, Southampton | #42 | #13 |
| Nottingham University Business School, Nottingham | #45 | #14 |
| Bath School of Management, Bath | #47 | #15 |
| University of Strathclyde Business School, Glasgow | #48 | #16 |
| Birmingham Business School, Birmingham | #50 | #17 |
| Aston Business School, Birmingham | #51-60 | #18 |
| Brunel Business School, London | #51-60 | #19 |
| Exeter Business School, Exeter | #51-60 | #20 |
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% |
Cost of MBA in UK
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 which charge over £1,00,000 (INR 1,01,38,470).
In such cases, financial assistance such as scholarships and grants become your saviour 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.
Read: Top 10 Colleges for Executive MBA Programs
Let is now have a look at the top 10 MBA universities in the UK along with their duration and annual tuition fees.
| University | Duration | Tuition Fee |
|---|---|---|
| London Business School | 15-21 Months | £109,700 (INR 1,11,28,331) Full-Fee |
| Cambridge (Judge) | 1 Year | £69,000 (INR 69,99,588) Full-Fee |
| Oxford (Said) | 1 Year | £78,510 (INR 79,64,314) Full-Fee |
| Imperial College Business School | 1 Year | £61,500 (INR 62,38,764) Full-Fee |
| Warwick Business School | 1 Year | £53,750 (INR 54,52,578) Full-Fee |
| Manchester (Alliance) | 18 or 15 Months | £47,000 (INR 47,67,836) Full-Fee |
| University of Edinburgh Business School | 1 Year | £40,900 (INR 41,49,032) Full-Fee |
| Cranfield School of Management | 1 Year | £44,195 (INR 44,83,287) Full-Fee |
| Durham University Business School | 1 Year | £35,000 (INR 35,50,516) Full-Fee |
| City’s Business School | 1 Year | £50,500 (INR 51,22,887) Full-Fee |
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
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 2023 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
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