1 Year MBA in UK is a twelve month program that deals with business administration. Offered by some of the top universities in the UK, the candidates must have Bachelor’s Degree in a relevant field of study to pursue one-year MBA Program in the UK. Candidates need to take GMAT score 600 or higher along with 3.0-3.5 GPA score for admission. The tuition fees for 1-year MBA Program in the top universities of the UK is between € 28,000 (INR 25,27,944) and € 71,000 (INR 64,10,145). 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. The median salary earned is € 38,000 (INR 34,15,434) starting from € 20,000 (INR 17,97,597) annually to rising as high as € 74,000 (INR 66,51,109) for experienced professionals.
1 Year MBA in UK Highlights
Here are the highlights of the 1 Year MBA in UK listed below:
| Program | 1 Year MBA in UK |
| Program Type | Full time |
| Program Duration | 1 year |
| Eligibility Criteria | 3.0-3.5 GPA | 3 years of work experience | Bachelor degree |
| Proof of English Language Proficiency | IELTS- 6.0-6.5 |
| Entrance Exams | GMAT- 590 to 700 |
| Tuition Fees Range | € 28,000 (INR 25,27,944) to € 71,000 (INR 64,10,145) |
| Average Salary | € 38,000 (INR 34,15,434) |
| Top Recruiters | Amazon, PwC, RBC, Citi, KPMG |
1-Year MBA in UK Areas of Specialization
Here are some of the top areas of specialization in 1-Year MBA in UK listed below:
- Human Resource Management: Focuses on managing and developing the organization's workforce, including recruitment, talent acquisition, employee relations, and performance management.
- Business Strategy: Explores frameworks and methodologies for developing and implementing strategic plans to achieve a competitive advantage in the market.
- Consulting: Equips students with problem-solving skills and analytical tools to work as management consultants, assisting organizations in improving performance, efficiency, and profitability.
- Accounting: Concentrates on financial reporting, auditing, managerial accounting, and financial analysis, preparing students for careers in finance, auditing, or financial management.
- Organizational Behavior: Studies individual and group dynamics within organizations, exploring topics such as leadership, motivation, team dynamics, and organizational culture.
- Operations Management: Focuses on managing production and service delivery processes, optimizing efficiency, quality, and supply chain management.
- Information Technology: Integrates business and technology knowledge to understand how technology can be leveraged to improve organizational performance and drive innovation.
- Global Banking and Finance: Explores global financial markets, banking operations, risk management, and investment strategies, preparing students for careers in the banking and finance sector.
- General Management: Offers a broad overview of various business functions, including finance, marketing, operations, and strategy, providing a well-rounded understanding of business management.
- Entrepreneurship: Equips students with the skills and knowledge to identify business opportunities, develop business plans, and navigate the challenges of starting and managing a new venture.
- Information Management: Focuses on managing information systems, data analytics, and leveraging technology to enhance decision-making and organizational effectiveness.
- Environmental Management and Sustainability: Concentrates on integrating sustainability principles into business strategies, addressing environmental challenges, and promoting sustainable practices.
1-Year MBA in UK vs Two year MBA
Here is a table comparing 1-Year MBA in UK vs two year MBA:
| Parameters | 2 Years MBA | 1 Year MBA |
|---|---|---|
| Academic Background | A Bachelor's degree with at least 50% marks in Business or related field from a recognized university. | An undergraduate degree is required with good knowledge in quantitative areas or has a Bachelor’s degree in Business or Economics |
| Work Experience Required | 3 to 5 years | Minimum 3 years |
| Other essential requirements | GMAT- 700+ |TOEFL- at least 100 | IELTS 7.0 | GMAT-600+ | TOEFL/IELTS scores |
| Career Goals | Account Manager, Brand Manager, Consultant, Marketing Manager, Project Manager, Entertainment Manager, etc. | Managers in multiple positions |
| Popular Destinations | USA, UK, Canada, Australia, Germany etc. | USA, UK, Canada, Australia, Singapore, Germany etc. |
| Curriculum | The first year of MBA is dedicated to fundamental management subjects such as Marketing, Accounting, Organizational Behavior, Economics. Second-year is dedicated to specialization depending upon your electives. | Focuses on foundational areas and specialist skills in domains such as Finance, Accountancy, etc. |
| Fees | € 23,000 (INR 2043938) to € 90,000 (INR 7998021) | € 28,000 (INR 25,27,944) to € 71,000 (INR 64,10,145) |
Why Study 1-Year MBA in UK
The one year MBA in UK is the most popular program provided by most Universities in the UK. Some of the reasons why students should study 1 year MBA Program in UK are as follows:
- Top Universities: 1-Year MBA is available in some of the top world universities like the University of Oxford and the University of Cambridge, that have a QS World Ranking of 4 and 2, respectively.
- High Demand for Professionals: Graduates of one-year MBA Program are in high demand by multi-national companies like Barclays and Amazon and are hired within three months of the completion of the course.
- High Salary Package: Students acquiring one-year MBA from the UK are given a high salary package starting at € 20,000 (INR 17,97,597) which can go as high as € 74,000 (INR 66,51,109). The average annual salary of a one-year MBA Graduate is € 38,000 (INR 34,15,434) annually.
- Innovative Curriculum: The curriculum for one-year MBA Program in the UK is challenging and helps to get a better understanding of current business modules and topics like leadership development.
- Affordable: Compared to the salary package for one-year MBA Graduates, the course has an affordable tuition fee, reduced opportunity cost and low out-of-pocket living costs.
Top Universities for 1-Year MBA in UK
1-year MBA in UK is the most popular program for international students that equips students with the necessary planning and management skills in a company. Given below is a list of the top universities providing one-year MBA Program in the UK:
| Name of University | Course Fee |
|---|---|
| University of Oxford | € 71,440 (INR 64,21,017) |
| University of Cambridge | € 64,000 (INR 57,52,311) |
| Imperial College London | € 61,500 (INR 55,27,611) |
| University of Edinburgh | € 38,500 (INR 34,60,374) |
| University of Manchester | € 47,000 (INR 42,24,353) |
| University of Glasgow | € 35,000 (INR 31,45,795) |
| University of Birmingham | € 32,580 (INR 29,28,286) |
| University of Sheffield | € 29,950 (INR 26,91,902) |
| University of Leeds | € 33,000 (INR 29,66,035) |
| University of Exeter | € 39,000 (INR 35,05,314) |
Admission for 1-Year MBA in UK
Admissions for one-year MBA in the UK is conducted online. The admission process for the same has been listed below:
Eligibility Criteria for 1-Year MBA in UK
The eligibility criteria for pursuing one-year MBA Program in Universities of the UK have been listed below:
- Students must have a three or four year Bachelor’s Degree in a relevant field of study with good academic standing.
- Students must have a minimum GPA of 3.0 on a 4.0 scale. This is equal to a percentage of 60% in Indian standards.
- Students must provide Proof of English Language Proficiency to the Universities by submitting their TOEFL or IELTS Scores. The eligibility details for each test will be provided on the official website of the universities.
- Students must submit their GRE/GMAT Score Cards to the universities. Generally, a GMAT Score and GRE Score of at least 600 and 150, respectively is needed for admission to top Business Schools in the UK.
- Students must have a work experience certificate of at least two years for admission to 1-year MBA Program at universities in the UK.
Admission Document Required for 1-Year MBA in UK
All international students must provide the following list of documents at the time of admission to one-year MBA Program at different Universities of the UK:
- Academic mark sheets for Secondary, Higher Secondary and Graduation Level
- Proof of English Language Proficiency – TOEFL and IELTS Scores
- GRE and GMAT Score cards
- At least two Letters of Recommendation from former Employer or College Faculty.
- Up-to-Date CV or Resume
- Work Experience Certificate
- Proof of Funds
- Recent passport-sized Photographs
- Passport or Proof of Identification
- Statement of Purpose (SOP)
Application Fee for 1-Year MBA in UK
Given below are the application fee for 1-year MBA in top universities of the UK:
| Name of University | Application Fee |
|---|---|
| University of Oxford | €150(INR 13309) |
| University of Cambridge | €165(INR 14640) |
| Imperial College London | €150(INR 13309) |
| University of Edinburgh | No application fee |
| University of Manchester | No application fee |
| University of Glasgow | €25(INR 2218) |
| University of Birmingham | €50 (INR 4436) |
| University of Sheffield | No application fee |
| University of Leeds | No application fee |
| University of Exeter | No application fee |
Admission Deadline for 1-Year MBA in UK
Students applying for one-year MBA in the UK must be careful to submit their applications in the given deadlines. Given below are the application deadlines for 1-year MBA in top universities of the UK:
| Name of University | Application Deadline 2023 |
|---|---|
| University of Oxford | March 22 (Closed) |
| University of Cambridge | May 22 (Closed) |
| Imperial College London | May 15 (Closed) |
| University of Edinburgh | July 5 |
| University of Manchester | May 7 (Closed) |
| University of Glasgow | July 26 |
| University of Birmingham | July 1 |
| University of Sheffield | June 9 |
| University of Leeds | June 30 |
| University of Exeter | April 30 (Closed) |
Admission Requirement for 1-Year MBA in UK
All international students must sit for Study Abroad Exams to be eligible for admission to one-year MBA Program in universities of the UK. Given below are minimum scores in Study Abroad Exams for pursuing 1-year MBA Program at universities in the UK:
| Name of University | Score Requirement | ELP Requirement |
|---|---|---|
| University of Oxford | GMAT- 685 | TOEFL- 100 IELTS-7.0 |
| University of Cambridge | GMAT- 691 | TOEFL- 110 IELTS-7.5 |
| Imperial College London | GMAT- 600+ | TOEFL- 92 IELTS-6.5 |
| University of Edinburgh | GMAT- 600+ | TOEFL- 100 IELTS-7.0 |
| University of Manchester | GMAT-670 | TOEFL- 90 IELTS-6.5 |
| University of Glasgow | GMAT- 590 | TOEFL- 90 IELTS-6.5 PTE- 60 |
| University of Birmingham | GMAT- 590 | TOEFL- 95 IELTS-7.0 |
| University of Sheffield | GMAT- 600+ | TOEFL- 88 IELTS-6.5 |
| University of Leeds | GMAT- 600+ | TOEFL- 88 IELTS-6.5 |
| University of Exeter | Not required | TOEFL- 100 IELTS-7.0 |
1-Year MBA in UK Living Cost
All international students willing to pursue one-year MBA in the UK must calculate the cost of living in the UK. Below is the breakdown of the cost of living in the UK. The average cost of living in the UK is around €13,200 to 15,600 annually.
| Expenses | Cost(Annually) |
|---|---|
| Accommodation | € 691.11(INR 61,260) |
| Transportation | € 92.15(INR 8,168) |
| Food Shop | € 85.23(INR 7,555) |
| Water, Electricity & Gas | € 52.98(INR 4,696) |
| Clothing | € 48.38(INR 4,288) |
| Bank charges | € 34.56(INR 3,063) |
| Phone and Internet | € 31.09(INR 2,756) |
| Personal Care | € 13.82(INR 1,225) |
| Others | € 24.19(INR 2,144) |
1-Year MBA in UK Scholarships
Given below is a list of the scholarships provided in one-year MBA Program for international students by different universities in the UK:
| Name of University | Eligibility | Name of Scholarship | Amount Granted |
|---|---|---|---|
| University of Oxford | Excellent academic record, Future potential and aptitude, evaluation of the personal statement and the referees’ reports | Rewley Scholarships | € 20,000 (INR 17,97,597) |
| Said Business School Foundation Scholarships | € 25,000 (INR 22,46,996) | ||
| Reaching Out MBA (ROMBA) LGBTQ+ Fellowships | € 20,000 (INR 17,97,597) | ||
| Laidlaw Scholarships | € 31,000 (INR 27,86,275) | ||
| University of Cambridge | Academic achievements, work experience | Cambridge Society Bombay Scholarships | € 2,782 (INR 2,50,000) |
| The Forté Foundation Fellowship | € 32,000 (INR 28,76,155) | ||
| Aga Khan Foundation | Variable | ||
| Chevening Scholarships | |||
| Imperial College London | Excellent academic background, record of professional achievement, strong track record of leadership , The overall strength of your application and interview performance, including references | Anne Seagrim Accommodation Scholarships | € 10,000 (INR 8,98,800) |
| University of Edinburgh | Academic qualifications, nature and level of work experience, and answers to the questions in our Scholarship Application Form | MBA Diversity Scholarships | € 5,000 (INR 4,49,399) |
| MBA Achievement Scholarships | |||
| MBA Merit Scholarships | |||
| MBA LGBTQ+ Scholarships | |||
| University of Manchester | Excellent performance, diverse professions, potential to become future alumni | Alliance MBS Women in Business Scholarships | Variable |
| Manchester Merit Scholarships | |||
| University of Glasgow | High academic achiever (1st Class Honours), successfully passed your interview and received an unconditional offer or conditional only upon IELTS for the MBA, financial circumstances may also be taken into consideration. | The Glasgow MBA Scholarship | € 13,500 (INR 12,13,378) |
| Chevening Scholarships | Variable | ||
| Sanctuary Scholarships | |||
| University of Glasgow Chancellor's Award | € 5,000 (INR 4,49,399) | ||
| University of Birmingham | Academic achievements, work experience | Full-time MBA Scholarships | Variable |
| Commonwealth Shared Scholarships | |||
| JN Tata Endowment Loan Scholarships | |||
| University of Sheffield | offer to study the Sheffield MBA, conditional or unconditional, offered a place through the exceptions process cannot be considered for a scholarship. | Sheffield MBA Scholarship Scheme | € 10,000 (INR 8,98,800) |
| International Postgraduate Scholarship | € 2,000 (INR 1,79,760) | ||
| International Merit Postgraduate Scholarship | Variable | ||
| University of Leeds | Classified as an International student for fee purposes, eligible Business Masters programme, self-funding student , excellent academic track record, excellent professional and personal skills, potential to contribute to the social and cultural diversity | Leeds Alumni Bursary | |
| MBA Excellence Scholarship | |||
| Sanctuary Scholarship | € 10,000 (INR 8,98,800) | ||
| University of Exeter | first degree, work experience and career aspirations, qualify for The Exeter MBA, minimum of three years’ experience | Better World Scholarships | Variable |
| Academic Excellence Scholarships |
Jobs After 1-Year MBA in UK
MBA is a one-year course that is focused on business administration. The annual median salary after 1-year MBA in the UK is € 38,000 (INR 34,15,434). The average annual salary for entry level jobs is € 20,000 (INR 17,97,597) and € 74,000 (INR 66,51,109) for most experienced workers. Given below is a list of job profiles and average annual salaries after one-year MBA in the UK:
| Job Profile | Average Annual Salary |
|---|---|
| Finance Analyst | € 42,151 (INR 38,05,550) |
| Human Resources Manager | € 45,000 (INR 40,62,768) |
| Equity Portfolio Specialist | € 67,044 (INR 60,52,982) |
| Client Success Specialist | € 31,798 (INR 28,70,842) |
| Field Marketing Manager | € 51,024 (INR 46,06,637) |
| Information Technology Manager | € 58,654 (INR 52,95,502) |
| Consumer Strategy Manager | € 69,900 (INR 63,10,833) |
| Risk Management Business Specialist | € 62,241 (INR 56,19,350) |
| Business Intelligence Manager | € 62,084 (INR 56,05,394) |
Top Recruiters for 1-Year MBA in UK
Given below are some of the top recruiters for one-year MBA Graduates in the UK:
- Deloitte
- Morgan Stanley
- Barclays
- Amazon
- Huawei
- Alexander Sloan
- Sopra Steria
- Willis Towers Watson
- Howden
- Mars Wrigley
- HSBC
- Accenture
- PricewaterhouseCoopers
Work Permit
After completion of 1-year MBA Program from a UK university, international students can opt to remain in the UK and work full-time for an employer. The students must possess a Graduate Visa or a Skilled Worker Visa in order to work in the UK. The former is issued for a maximum period of two years and is applicable for most jobs in the UK. The latter is issued for a maximum period of 5 years before it can be renewed and allows the students to study and work for all eligible jobs in the UK.
ROI for Top Colleges for 1-Year MBA in UK
The Return on Investment (ROI) for top Universities on Average Annual Salary for one-year MBA in the UK is listed below:
| Name of the University | Tuition Fees | Cost of Living | Total Expenditure | Average Annual Salary | ROI |
|---|---|---|---|---|---|
| University of Oxford | € 71,440 (INR 64,21,017) | € 23,120 (INR 20,78,022) | € 94,560 (INR 85,00,837) | € 38,000 (INR 34,15,434) | 40% |
| University of Cambridge | € 64,000 (INR 57,52,311) | € 19,891 (INR 17,87,800) | € 83,891 (INR 75,40,111) | 45% | |
| Imperial College London | € 61,500 (INR 55,27,611) | € 20,664 (INR 18,57,277) | € 82,164 (INR 73,84,888) | 46% | |
| University of Edinburgh | € 38,500 (INR 34,60,374) | € 23,904 (INR 21,48,488) | € 62,404 (INR 56,08,862) | 61% | |
| University of Manchester | € 47,000 (INR 42,24,353) | € 15,475 (INR 13,90,891) | € 62,475 (INR 56,15,241) | 61% | |
| University of Glasgow | € 35,000 (INR 31,45,795) | € 14,256 (INR 12,81,327) | € 49,256 (INR 44,27,122) | 77% | |
| University of Birmingham | € 32,580 (INR 29,28,286) | € 16,696 (INR 15,00,634) | € 49,276 (INR 44,28,920) | 77% | |
| University of Sheffield | € 29,950 (INR 26,91,902) | € 22,193 (INR 19,94,704) | € 52,143 (INR 46,86,605) | 73% | |
| University of Leeds | € 33,000 (INR 29,66,035) | € 17,808 (INR 16,00,580) | € 50,808 (INR 45,66,616) | 75% | |
| University of Exeter | € 39,000 (INR 35,05,314) | € 20,574 (INR 18,49,188) | € 59,574 (INR 53,54,502) | 64% |
The cost of 1-year MBA Program in the UK is cheap when compared to the ROI and high demand for professionals in multi-national companies. International students willing to pursue one-year MBA Program in the UK should definitely go for it.
FAQs
Here are 10 FAQs and answers about 1-year MBA in UK:
Ques. What is a 1-year MBA?
Ans. A 1-year MBA is a Master of Business Administration degree that can be completed in one year. 1-year MBA programs are typically offered by top business schools in the UK.
Ques. What are the benefits of doing a 1-year MBA in UK?
Ans. There are many benefits to doing a 1-year MBA in UK. These include: opportunity to study at a top business school in the world, chance to network with other talented and ambitious students from around the world, opportunity to learn from world-class faculty, and chance to gain the skills and knowledge necessary to succeed in today's global economy.
Ques. What are the requirements for admission to a 1-year MBA program in UK?
Ans. The requirements for admission to a 1-year MBA program in UK vary from school to school. However, most programs require applicants to have a bachelor's degree from an accredited university, a minimum GPA of 3.0, and GMAT scores of at least 600.
Ques. What are the costs of a 1-year MBA program in UK?
Ans. The cost of a 1-year MBA program in UK varies from school to school. However, the average cost is around £20,000.
Ques. What are the career prospects for graduates of 1-year MBA programs in UK?
Ans. The career prospects for graduates of 1-year MBA programs in UK are excellent. Graduates of these programs typically go on to work in top management positions in a variety of industries, including finance, consulting, and technology.
Ques. What are the different types of 1-year MBA programs in UK?
Ans. There are two main types of 1-year MBA programs in UK: full-time and part-time. Full-time MBA programs are typically more rigorous and require students to be fully committed to their studies. Part-time MBA programs are designed for students who are already working and who want to pursue their MBA degree on a part-time basis.
Ques. How do I apply for a 1-year MBA program in UK?
Ans. To apply for a 1-year MBA program in UK, you will need to submit an application to the school of your choice. The application process typically includes submitting your resume, transcripts, GMAT scores, and letters of recommendation.
Ques. What are some of the top business schools in UK that offer 1-year MBA programs?
Ans. Some of the top business schools in UK that offer 1-year MBA programs include: London Business School, Imperial College Business School, University of Cambridge Judge Business School, University of Oxford Said Business School, University of Warwick Business School.
Ques. What are some of the scholarships available for 1-year MBA programs in UK?
Ans. There are a number of scholarships available for 1-year MBA programs in UK. These scholarships are typically awarded based on academic merit, extracurricular activities, and financial need.
Ques. What are some of the resources available to help me find a 1-year MBA program in UK?
Ans. There are a number of resources available to help you find a 1-year MBA program in UK. These resources include: Association of MBAs (AMBA), Financial Times Global MBA ranking, QS World MBA ranking and US News & World Report Best Business Schools ranking.
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