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MBA in UK (United Kingdom) – Which are the Top 30 MBA Colleges in 2021?

An MBA or Master of Business Administration in the UK (United Kingdom) is generally for 12 months. However, some colleges offer more than 12 months program like London Business School. Many UK universities offer an MBA program, and the average fee can range from £23,000 – £90,000. Some of the top institutions that offer MBA in UK include, University of Warwick,  University of Edinburgh, University of Oxford, and the University of Cambridge.

In this article, we highlight top universities and colleges to pursue an MBA in UK. We also discuss career opportunities and salary post-MBA and how the COVID-19 pandemic has affected the Business Schools in the United Kingdom.

MBA in UK 2021

Here is a brief overview of what you can expect if you plan to study an MBA in UK:

Duration1 – 2 years
Competitive GMAT Score600+
Work experience2-3 years generally
Fees£34,831
Top MBA collegesSome of the Top MBA Colleges in the UK are London Business School, Oxford Business school, Cambridge Judge, Imperial College of Business, and Durham Business School.
MBA in UK – Average Salary£53,351
MBA SpecializationFinance and Accounting, Marketing, Entrepreneurship and Innovation, International Business, Project Management, Information System, etc.
MBA SkillsProblem Solving, working with others, Comprehension and Logic, Oral Communication and Presentation, Managing the Self, Data Analysis, and Interpretation.
MBA in UK JobsPost-MBA in the UK, you can work as a Chief Executive and Senior Officials, Marketing and Sales Director, Information Technology Director, Financial Managers and Director, Advertising and Public relations director, Management consultant, and many more.
Cost of LivingIt Depends on Where you Live. In 2020, London was ranked among the ten most expensive cities to live in Europe.

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MBA in UK - United Kingdom

Top 30 MBA Colleges in UK 2021

Take a look at top MBA universities and colleges in the UK 2021. Here are the top 30 MBA programs in the UK with their full-time MBA cost, duration, intake, and type of MBA program they offer: 

MBA Colleges
in the United Kingdom
Duration
(Months)
Full-time
MBA Cost 
LocationIntakeType of MBA
London Business School (LBS)15-21£87,900LondonAugustFull-time and Executive MBA
Oxford Business School (2018)12£63,000OxfordSeptemberFull-time and Executive MBA
Cambridge Judge Business School12£59,000CambridgeSeptemberFull-time and Executive MBA
Imperial College Business School12£53,500LondonSeptemberFull-time, part-time, Executive, Distance learning
Warwick Business School (WBS)12£43,950CoventrySeptemberFull-time and Executive MBA, Distance learning
Alliance Manchester Business School18£44,000ManchesterAugustFull-time and Part-time MBA
Edinburgh Business School12£32,500EdinburghSeptemberFull-time and Executive MBA
Cass Business School12£46,000LondonSeptemberFull-time and Executive MBA
Cranfield School of Management13£39,000CranfieldSeptemberFull-time and Executive MBA
Durham Business School12£31,500DurhamSeptemberFull-time, Executive, and Distance Learning
Lancaster University Management School 12£33,000LancasterSeptemberFull-time and Executive MBA
Aston Business School12£25,850BirminghamJanuary and
September
Full-time, part-time, and executive MBA, Distance Learning
Leeds Business School12£30,000LeedsSeptemberFull-time and Executive MBA , Distance Learning
Birmingham Business School12£28,980BirminghamSeptemberFull-time, part-time, and executive MBA, Distance Learning
Nottingham Business School (NTU)12£18,500NottinghamSeptemberFull-time and Executive MBA, Distance Learning
Strathclyde Business School12£31,450GlasgowSeptemberFull-time, part-time, and executive MBA, Distance Learning
Bath School of Management12£37,500BathSeptemberFull-time and Executive MBA
Brunel Business School12£23,565MiddlesexJanuary and SeptemberFull-time and Executive MBA, Distance learning
Exeter Business School12£30,000ExeterSeptemberFull-time and Executive MBA
Westminster Business School12£19,000Central LondonJanuary and SeptemberFull-time
Hult Business School12£54,600LondonSeptemberFull-time and Executive MBA
Kingston Business School12£23,500KingstonJanuary and
September
Full-time, Part-time, and Executive MBA
University of Liverpool12£18,000LiverpoolSeptemberFull-time and Part-time MBA, Distance learning
Aberdeen Business School12£19,800AberdeenSeptemberFull-time and Part-time MBA, Distance learning
Cardiff Business School12£28,450CardiffSeptemberFull-time, part-time, and Executive MBA
Nottingham University Business School12£24,975NottinghamSeptemberFull-time, Part-time, and Executive MBA
Sheffield University Management School12£25,850SheffieldSeptemberFull-time, Part-time, and Executive MBA
Salford Business School12£17,550SalfordJanuary, June, and
September
Full-time and Executive MBA
Henley Business School12£35,000ReadingSeptemberFull-time, Executive MBA, distance learning
Essex Business School12£19,000ColchesterOctoberFull-time and Executive MBA

Did you know a GMAT score of 700+ can make your application stand out for MBA in UK? We can help you achieve that score. Try out our FREE Trial and get access to FREE Online GMAT Preparation resources and material. We are the most reviewed Online GMAT Preparation Company with more than 1970 reviews on GMATClub.

MBA in UK – Top 10 MBA Programs in 2021

Based on the QS Ranking 2021, we have ranked the top 10 MBA Colleges in the UK. The average MBA Cost for the top 10 MBA Program is £50,483, whereas the average Salary is £93,659.

Here is a list of Top 10 MBA Program in the United Kingdom (UK) 2021:

  1. London Business School (LBS)
  2. Oxford Business School
  3. Cambridge Judge Business School
  4. Imperial College of Business
  5. Warwick Business School
  6. Alliance Manchester Business School Cranfield
  7. University of Edinburgh Business School
  8. Cass Business School
  9. Cranfield School of Management
  10. Durham Business School

London Business School (LBS)

  • GMAT Score: 701
  • Duration: 15-21 Months
  • Full-time MBA Cost: £87,900
  • Average MBA Salary: £83,295
  • Top Industry Post-MBA: Consulting
  • Location: London
  • Intake: August

Take a look at LBS MBA Essay Tips for 2021 intake

Oxford Business School

  • GMAT Score: 685
  • Duration: 12 Months
  • Full-time MBA Cost: £63,000
  • Average MBA Salary: £72,618
  • Top Industry Post-MBA: Financial Services
  • Location: Oxford
  • Intake: September

Take a look at Oxford MBA Essay Tips for 2021 intake 

Cambridge Judge Business School

  • GMAT Score: 691
  • Duration: 12 Months
  • Full-time MBA Cost: £59,000
  • Average MBA Salary: £99,753
  • Top Industry Post-MBA: Industrial Management
  • Location: Cambridge
  • Intake: September

Check out Oxford vs. Cambridge MBA program here 

Imperial College of Business

  • GMAT Score: 600+
  • Duration: 12 Months
  • Full-time MBA Cost: £53,500
  • Average MBA Salary: £1,00,177
  • Top Industry Post-MBA: Consulting
  • Location: London
  • Intake: September

Warwick Business School

  • GMAT Score: 660
  • Duration: 12 Months
  • Full-time MBA Cost: £43,950
  • Average MBA Salary: £55,214
  • Top Industry Post-MBA: Consulting
  • Location: Coventry
  • Intake: September

Alliance Manchester Business School Cranfield

  • GMAT Score: 600+
  • Duration: 18 Months
  • Full-time MBA Cost: £44,000
  • Average MBA Salary: £1,24,000
  • Top Industry Post-MBA: Consulting
  • Location: Manchester
  • Intake: August

University of Edinburgh Business School

  • GMAT Score: 600+
  • Duration: 12 Months
  • Full-time MBA Cost: £32,500
  • Top Industry Post-MBA: Technology and Financial Services
  • Location: Edinburgh
  • Intake: September

Cass Business School

  • GMAT Score: 600+
  • Duration: 12 Months
  • Full-time MBA Cost: £46,000
  • Top Industry Post-MBA: Consulting
  • Location: London
  • Intake: September

Cranfield School of Management

  • GMAT Score: 680
  • Duration: 13 Months
  • Full-time MBA Cost: £39,000
  • Location: Cranfield
  • Intake: September

Durham Business School

  • GMAT Score: 600+
  • Duration: 12 Months
  • Full-time MBA Cost: £31,500
  • Average MBA Salary: £1,20,556
  • Top Industry Post-MBA: Technology and Financial Services
  • Location: Durham
  • Intake: September

MBA in UK – Job Market and Salary

MBA UK Salary and Jobs

Some of the highest-paying jobs in the UK include:

  • Chief Executive and Senior Officials
  • Marketing and Sales Directors
  • Information Technology Director
  • Financial Managers and Directors
  • Advertising and Public relations directors

Generally, a degree in business-related subjects and few years of experience is required to get a job for the roles mentioned above.

In addition to the degree, employers also look for individuals with leadership skills. An MBA degree can help you gain in-depth knowledge in a particular field and gain managerial and leadership skills.

Thus, with an MBA degree, you can work your way up to these roles.

Know the value of your MBA investment – is an MBA worth it? 

According to PayScale, the Average Salary for an MBA graduate in the UK is approx. £53,351. Some of the job roles where grads earn the most are:

MBA in UK – Highest paying jobsAverage MBA Salary
Chief Executive Officer (CEO)£96,000
Project Manager£41,000
Management Consultant£64,000
Operations Manager£46,000
Business Development Manager£44,000
Marketing Manager£39,000
Finance Manager£48,000

Companies in the UK that hire MBA Graduates

Here are some top companies that hire MBA graduates in the UK:

Top Companies (UK)Average MBA Salary
HSBC£21,000-£281,000
Barclays Bank£38,000-£94,000
EY£45,000-£238,000
JPMorgan Chase & Co.£39,000-£145,000

Learn more about Post-MBA Salary and factors affecting the average salary in 2021. 

MBA in UK – Impact of COVID-19 Pandemic on Business Schools

As per the GMAT test-taker data, the percentage of candidates sending their GMAT score to European business schools shows sustainable growth till 2019.

After the onset of the COVID-19 pandemic, one of the major concerns for international candidates is the travel ban (60%), followed by the job market (48%) due to higher investment in education and expectations of career advancement. Overall, international students’ concern level is high, and many UK institutions address these concerns to their prospective students.

For instance, Imperial College London has advised its prospective students to contact the international student support team if they face difficulties obtaining or renewing their visa to study. If there is a delay in getting a visa, the college will analyze the situation and may allow you to start your program later.

Similarly, the University of Manchester has extended the deadline to receive transcripts and other international students’ documentation.

We cannot deny that the COVID-19 pandemic has led to chaos. However, universities and colleges in the United Kingdom are trying to sail through this time. Employers remain confident about graduate management talent skills and are confident that the hiring projection will rebound in 2021. The Median Salary for MBA graduates is expected to be at $105,000.

Learn more about the Covid-19 pandemic impact on Business schools and MBA applicants and students.

Cost of Living for Indian and International Students

Cost of living United Kingdom MBA

As an Indian or international student, one of the things that may concern you is the cost of living in the UK. As discussed earlier, an MBA in UK can range from £23,000 – £90,000. However, this is not the only cost you need to incur. You need to consider things like rent, food, utilities, etc.

The cost of living in the UK depends on where you live. If you decide to live in London, you will be paying much more than the other parts of the country.

Here is the ranking of the UK cities based on the cost of living index. London ranks number #1 with a high cost of living, rent, Grocery, and restaurants index.

Who can apply for MBA in UK?

MBA in UK requirements Eligibility

Both domestic and international students are admitted to the MBA universities in the UK. According to Prospective Students Survey 2019, around 8% of domestic and 92% of international students applied for MBA in UK.

Each college has specific entry requirements. However, generally, you are required to have:

  • A graduate degree of 3-year duration
  • If you do not possess either an honors degree or professional qualifications, you are welcome to apply, but you usually require a GMAT score of at least 550 points.

Candidates not meeting any of these requirements may, in exceptional cases, be considered for admission where there is strong supporting education or experience. All such issues will be at the discretion of the selected MBA Program.

  • A minimum of 2-3 years of work experience is required for most of the universities in the UK for doing an MBA. Some universities also provide admission opportunities to fresh graduates. Few of them are:
    • Anglia Ruskin University
    • University of Bedfordshire
    • Coventry University
    • University of East London
    • Glyndwr University
    • Leeds Beckett University
    • University of Derby
    • University of Northampton
    • Staffordshire University

A GMAT score is not a mandatory requirement in many cases. But having a good GMAT score gives you an edge if you do not have a par education qualification and can help you get a Scholarship. Start your GMAT Preparation with the most reviewed online GMAT Prep company with more than 2000 reviews on GMATClub. Try out our FREE Trial.

For international students, an English Language test is also required.

MBA in UK – Visa Requirements

MBA UK Visa Requirements

An international student or an Indian student needs Tier 4 (General) Student Visa to pursue Full Time MBA program in UK.  Once admitted, the school becomes the candidate’s visa sponsor and offers them a Confirmation of Acceptance for Studies number to support their visa application.

The applicant also needs to provide proof of sufficient funds. You can even work while studying MBA in UK. Twenty hours a week is allowed time to work in term period, and full-time during non-study periods.

You can also bring your dependents (husband, wife, unmarried partner, or children under 18 years of age).

Learn more about the Visa requirements for UK.

Can an Indian Student apply for jobs in the UK after an MBA?

Yes. A full-time program graduate who completed the Tier 4 visa qualification qualifies for an exemption from the Resident Labour Market Test. So, the employers can easily hire them and sponsor their Tier 2 work visa.

The Graduate visa route that launches in the Summer of 2021 will allow the students to stay in the UK for two years after completing their studies. Check out the Work Visa requirement in the United Kingdom.

Scholarship Opportunities

MBA UK Scholarships and Financial Aid

The cost of attending college in the UK can be high after considering the cost of living. But there are several financial resources available to students in the UK like – Scholarships and Student Loans.

There are many scholarships awarded to international students by both government and MBA colleges.

To avail the government scholarship for a one-year master program including MBA, you require:

  • An undergraduate degree
  • At least two years of eligible work experience
  • English language requirements

If you are from a developing commonwealth county, you can avail of a master’s government scholarship. Check the eligibility here.

You can even get a Scholarship from UK universities. Some are merit-based, some are need-based, and some of them are available just because you are an international student. For instance, the Imperial College of Business offers Imperial Business School scholarships to applicants applying for an MBA program with a good GMAT score, your professional references, and your performance during the admissions process.

Check with your MBA college regarding the type of Scholarship, amount, and eligibility.

Student loans are another type of financial aid that you can get. However, it applies to the UK, EU, and EEA students.

Did you know a high GMAT score can get you a scholarship? For instance, Imperial College offers a scholarship of £5,350 to candidates who achieve an overall GMAT score of 750. We can help you achieve a 700+ on the GMAT. Try out our FREE Trial and get access to FREE GMAT resources and material.

FAQs- MBA in UK

How much does MBA cost in UK?

The MBA cost in UK can range from £23,000 – £90,000. The average cost at top 10 MBA colleges in UK is £50,483.

Which MBA course is best in UK?

MBA being the most sought after business program is offered by many UK universities. Some of the top MBA courses are offered by London School of Business, Oxford Business School, Cambridge Judge Business School, Imperial College of Business, and many more.

Which other country is best for MBA?

Some of the top countries to study an MBA program are USA (United States), Australia, Canada, Germany, New Zealand, and India.

Do I require a GMAT Score to study MBA in UK?

A GMAT score is not a mandatory requirement in many cases. However, a good GMAT score gives you an edge if you do not have a par education qualification and can help you get a scholarship. A competitive GMAT score for an MBA in UK is 600+.

Can I pursue an MBA in the UK without work experience?

Yes. It is not mandatory to have work experience for pursuing an MBA from the UK. However, most of the top MBA colleges do require MBA applicants to have previous work experience. Minimum 2-3 years of work experience is required for most of the universities in UK. Some of the universities that offer admissions to international applicants without work experience are Coventry University, Cardiff University, Leeds Beckett University, University of London – Cass Business School, etc.

What are the requirements to pursue an MBA in UK?

Every MBA college in UK has its specific entry requirement. However, generally, you are required to have:
1. A graduate Degree with a 50-60% score
2. Language Proficiency
3. GMAT/GRE Score
4. Work experience

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