Learn about affordable top MBA colleges in UK, Living cost of MBA in UK for Indian Students, smart ways to save money in UK and MBA jobs in UK
UK universities develop the best knowledge and professional practices for Indian students to help them become leaders in the global market. There are options for a low-cost MBA in the UK for international students. Indian students have now become the largest community of international students in the UK.
Due to the stricter UK student visa regulations for students bringing dependents, there is a 23% decrease in the number of Indian student visas in June 2024(1).
Despite this, the UK government has always welcomed Indian students for study abroad education. An MBA in the UK has shown high ROI as international students in the UK advance their business careers.
Read the blog to find out about the MBA in UK cost, specializations, financial planning, and figures for living costs for international students.
How Much Does It Cost For MBA in UK?
Studying in the UK requires planning finances like financial aid, funds, fees, and living costs. Choosing a one-year MBA program covers a two-year education in just one, reducing the total cost for two years into just one year’s cost.
The below given figures are variable and students should check the official university website.
Tuition Fees
UK tuition fees are more affordable for international students than in other countries. They range from 19000 pounds to 60000 pounds a year (INR 21 lakhs to 66 lakhs). Top-ranking programs cost around 37000 pounds to 115000 pounds, while many others offer affordable fee structures.
Cost of Living
The average cost of living in the UK for an international student is around 1000 to 1600 pounds. Annual living expenses are around 15000 to 16,800 pounds in London and 10000 to 15000 pounds for the rest of the UK.
| Item | Cost in British pounds for London | Cost in British Pounds for the rest of the UK |
| On Campus accommodation with bills | 664 | 848 |
| Rent | 2264 | 725 |
| Bills | 370 | 80-140 |
| Groceries | 200 | 80-150 |
| Transportation | 103 | 54-103 |
Additional Costs
- Entertainment: 50-100 pounds
- Immigration Health Surcharge with UK National Health Service: 470 pounds
- Student Visa: 348 pounds
- Sim: 10 to 30 pounds
- Internet 40 pounds
Read more in Detail: How Much Money Is Required to Study in UK?
Top MBA Colleges in the UK: Deadlines, Fees
Top Business Programs for international students in the UK are world-ranked. Below are the top MBA colleges in the UK with QS MBA Ranking and cost of MBA in the UK in Indian Rupees.
| QS MBA ranking | University Name | Last date of application | MBA Fees |
| 4 | London Business School | 3 January 2025 | 115,000 pounds |
| 9 | Cambridge Judge Business School | 6 January 2025 | 74,000 pounds |
| 18 | Oxford Said Business School | 6 January 2025 | 83,770 pounds |
| 20 | Imperial College Business School | 31 March 2025 | 67,500 pounds |
| 36 | Warwick Business School | May 21, 2025 | 57,500 pounds |
| 49 | Manchester Alliance University | 2 June, 2024 | 48,000 pounds |
| 64 | University of Edinburgh | 29 January 2025 | 40,900 pounds |
MBA Specializations and Fees
Some popular specializations offered by MBA colleges in the UK are:
- MBA in Technology Management
This course develops leaders that bridge the gap between management and technology. These managers work on technology and products that are connected to management.
Relevant profiles: Technology Manager, IT Manager
Tuition Fee: 20610 to 21,845 pounds
- Engineering Management
This course is about engineering methods and techniques of business management systems. There is a demand for qualified engineering managers.
Relevant Profiles: Business Analyst, Operations Manager
Tuition fee: 20,765 pounds
- MBA in Global Management
Students are empowered global leaders and have international exposure to business markets and multinationals.
Relevant Profiles: Management Consultant, Entrepreneur
Tuition Fee: 42,500 pounds
- MBA in General Management
Students incorporate business skills and real-world experience. They work on organization growth and industry-based expertise. Relevant Profiles: Marketing Manager, Business Development Manager
Tuition Fee: 19,200 pounds
- MBA in Marketing
Marketing Managers supervise the marketing strategy, customer relationship, and branding. MBA Marketing UK students assess consumer behavior and organization. Students work on market research and sales.
Relevant Profiles: Digital Marketing Assistant, marketing manager
Tuition Fee: 17000 pounds
- MBA in Consulting
Graduates work on strategy, growth, and business. They work with companies and governments with business knowledge and analysis.
Relevant Profiles: Financial Consultant, HR consultant
Tuition Fee: 37500 pounds
- MBA in Human Resource Management
MBA in HR in the UK has a strong potential for higher salaries. HR is responsible for workplace activities, employee orientation, recruiting, and company growth.
Relevant Profiles: HR Analyst, Talent Acquisition Manager
Tuition Fee: 37500 pounds
Affordable MBA Colleges in the UK
Top B school’s fees range from 37,000 pounds to 115,000 pounds. However, many Business schools offer affordable program options for international students while maintaining academic excellence:
- Glasgow University (19,800 pounds)
The college provides practical learning of entrepreneurship, international business, supply chain management, and business sustainability in interactive classes.
- University of West London (18500 pounds)
The college is in the top 30% of universities in the UK. The MBA program is designed for career progress and knowledge of managerial positions.
- Leeds Beckett University (18,000 pounds)
Gain knowledge of a managerial position in business, strategic analysis, marketing, financial analytics, ethical decision-making, and managerial skill set.
- York St John University (11,800 pounds)
Accredited MBA program with Executive and General MBA.
- University of Wolverhampton (11,550 pounds)
Students learn about Finance, marketing, and sustainable strategic management from a global perspective.
- London Metropolitan University (9,300 pounds)
The university offers practical learning with social responsibility in an affordable fee range.
- University of Wales Trinity Saint David (7300 pounds)
Students broaden their knowledge and skills in an international qualification.
- University of Worcester (8180 pounds)
Known for its strong focus on student satisfaction and employability, the university offers a wide range of courses across various disciplines.
- Bath Spa University (9,930 pounds)
Students learn leadership, economics, global business, and management skills.
- Teesside University, Middlesbrough (10,250 pounds)
Students are business leaders and entrepreneurs and have skill acumen in the modern world.
Financial Aid and Scholarships for MBA in the UK
Students can manage the cost of doing MBA in UK are:
| Scholarship | Value | Criteria |
| Skoll MBA Scholarship by Said Business School | 78,510 pounds | Entrepreneurship skill and world transformation |
| The Cambridge MBA Bursaries | 15,000 pounds, 50% Cambridge tuition fee | Leadership, academic performance, professional achievement |
| Cranfield MBA Diversity Scholarship | 10,000 pounds | Diversity, academic and professional potential, minorities |
| Masters in Finance Merit Scholarship | 50% tuition fees In LBS | Leadership, diversity, academic and professional performance |
| Purposeful Leader MBA Scholarship | Full-time tuition fee | Belief in Transformation |
| Adara Foundation Scholarship | 50% tuition fees | African nationality, GMAT, academic achievement, concern for Africa’s development, female |
| Oxford Said Future Leaders Scholarship | 40,000 pounds | Career, academic results, leadership, communication, school ambassador |
| Chevening Scholarship | Tuition Fees, monthly stipend | Leadership and excellence |
| GREAT scholarships | 10,000 pounds | Networking, academic achievement |
Read More: Guide To UK Scholarships for Indian Students
Education Loans
Education Loans have a flexible structure and cover your tuition fees and living expenses. It helps cover the total MBA in UK cost including of top institutions and living facilities in the UK. Students need to start applying for an education loan soon after they receive an offer letter from a UK university. The Indian banks and institutions offering education loans for a UK education are:
| Bank name | Maximum loan limit | Interest Rate |
| Bank of Baroda | 150 lakhs | 10.4- 11.15% |
| Punjab National Bank | Subject to repaying potential | 9.45- 11% |
| State Bank of India | 1.5 crore | 10.0- 10.50% |
| Bank of India | 150 lakhs | 10.90% |
| Axis Bank | 75 lakhs | 13.50% |
| ICICI | 20 lakhs | 13% |
| HDFC | 20 lakhs | 14% |
| Gostudy Loans | 1.5 crores | 9.5 to 11% |
Documents Required for an Education Loan
Before starting the education loan process, a student must retrieve the following documents:
- Bank Loan application form
- Proof of Identity and permanent address
- Passport size photographs
- Proof of salary (if any)
- Financial documents
- Income and tax order for the last two years
- Six months bank statements
- Co-borrower’s liabilities and assets (if any)
- Marksheet from the last examination in India
- Scholarship letters, if any
- Foreign exchange permit
- Proof of enrollment or an offer letter from a UK university
- List of total UK MBA tuition fees
- Proof of age
How to Save Money while Studying in the UK?
For a happy and pleasant student life in the UK, students should plan the cost of doing MBA in UK beforehand:
Enjoy Student Discounts: Student discounts are everywhere- gyms, restaurants, supermarkets, cinemas, and online platforms. The National Union of Students TOTUM Card membership and UNidAYS offers many discounts.
Shop student-friendly: Morrisons, Lil, and Aldi are low-cost supermarkets for university students in the UK. TooGoodToGo sells unsold items at a reduced price.
Cook at home: Cooking at home instead of dining out at expensive food outlets will save wonderful amounts of money.
Buy second-hand textbooks, clothes, and utility items: Useful second-hand textbooks can be bought on Amazon or eBay. Buy second-hand clothes and other stuff online or from charity shops. You can also sell used stuff for extra pocket money.
Smart energy saving: Electricity bills can go high for a student if not used efficiently.
Get a National Railcard: This will save you 30 percent of train travel costs on every journey. Link your Oyster Card and National Railcard for 34 percent off on London Underground and Docklands Light Railway services. Do not travel at peak times when you won’t get discounts and the prices are higher.
Plan Your Finances: Planning your finances means you have control over your spending, and you won’t need to spend more than what you need. Creating a budget will give you a clearer awareness of where you can cut costs and what you don’t need.
Part-time Jobs: You can find many part-time jobs or internships for your niche. You can work as a librarian, Assistant, online tutor, babysitter, and much more.
Popular Job Positions After MBA in the UK
UK MBA is renowned and in demand among top recruiters and multinationals. Popular jobs in the UK after an MBA and the average salary is given below.
| Position | Average MBA salary | Job Description |
| Consultant | 40,000 pounds | A consultant carries out strategic thinking, helps with your goals, has analytical skills, and advises for a specialization. |
| Finance Manager | 57,041 pounds | Finance Managers manage business forecasts, financial statements, and market trends. |
| Business Analysts | 45,472 pounds | Business processes and products are analyzed through data. |
| Marketing Manager | 46,996 pounds | Marketing managers perform brand management and strategic operations. |
| HR Officer | 27,524 pounds | HR Officer supervises employee operations, smooth workplace, performance, orientation, recruitment, and training. |
| IT Manager | 55,268 pounds | An IT manager manages, oversees, controls, and plans information technology systems. |
| Entrepreneur | 47,756 pounds | An entrepreneur starts a business and products while bearing risks and receiving economic value. |
| Management Consultant | 40,000 pounds | Advises organizations on improving processes, performance, profit, goals, and managing finances. |
| Healthcare Consultant | 18324 to 108732 pounds | A healthcare consultant helps organizations and services to improve performance efficiently. |
| Investment Manager | 32,976 to 149,280 pounds | Provides consultations to clients for financial management, investment management, and risk management. |
| Financial Analyst | 34,247 pounds | Builds models, analyzes data, predicts outcomes, analyzes economic trends, and makes forecasts to make financial decisions for companies or clients. |
Conclusion
MBA in the UK is renowned and gives expertise, international exposure, and good ROI. To enjoy a great student life with confidence, you must choose the right program, financial aid options, and the right decisions to live comfortably as an international student in the UK.
FAQs
What are the cheapest MBA fees in the UK?
The UK has some affordable options for international students that range from 8000 pounds to 20,000 pounds. Some universities that offer such courses are University of Glasgow, Leeds Beckett University, and University of Wolverhampton.
Is a one-year MBA in the UK worth it?
Yes. It is an advanced course that gives students expertise and knowledge while opening a wide range of career opportunities. It enables students to pursue a fast-track MBA career. The cost of two years of UK education is covered in just one year. A one-year MBA has the same quality as a two-year MBA program.
Can I study MBA in the UK without IELTS?
Yes, you can study in uk without IELTS. While having an English language proficiency is compulsory, you can opt for alternatives like TOEFL, Cambridge test, and Oxford test offered by MBA colleges.
What is the cost of an MBA in an Open University?
The cost of a Global Online MBA in Open University for international students is 17000 to 24000 pounds.
Is an MBA cheaper in the USA or the UK?
MBA in the UK is much cheaper than in the USA, as MBA costs for two years in the USA for top business schools go up to 1 crore. The affordable programs in the UK are much cheaper.
Read More in Details: UK vs. USA for International Students
