MBA in UK cost varies as per different top universities in UK. There are more than 100 universities in UK to offer top MBA courses. The annual UK MBA fees for tuition for top universities in UK vary from 28,700-71,440 GBP (INR 29,90,778-74,44,426). Candidates must fulfill the MBA acceptance rate in UK to apply to the top universities. The cost of living in UK on average for international students is approximately 12,000 GBP (INR 12,50,316) per annum. Candidates must bear the pre-arrival cost in UK which includes IELTS, TOEFL, PTE and UK Visa application fees. Candidates can attain scholarships, internships or part-time jobs to reduce the average cost of MBA in UK. The students get a huge return on investment after pursuing MBA in UK. The average annual salary of MBA graduates in UK after completing the program is 57,000 GBP (INR 59,53,155).
Factors Influencing the MBA in UK Cost
There are various universities offering low cost MBA in UK for international students. Candidates can attain MBA colleges in UK with low fees to bear the expense of living in UK. Applicants can apply for MBA in UK without Work Experience. There are various factors that influence the MBA in UK for Indian students fees. UK MBA fees depend on the pre-arrival costs, tuition fees, application fees and cost of living in UK. Here given below a detailed overview of the factors affecting the UK MBA fees for Indian students:
Pre-Arrival Cost
Pre-arrival cost of MBA in UK for Indian students includes the exam fees and visa application fees. Candidates must bear the pre-departure expenses before pursuing MBA in UK. However, candidates can also apply for MBA in UK without GMAT or IELTS. The table below highlights the pre-arrival cost of doing MBA in UK:
| Categories | Cost |
|---|---|
| IELTS Fees | INR 16,500 |
| TOEFL Fees | INR 16,900 |
| PTE Fees | INR 15900 |
| GMAT Fees | 217 GBP (INR 22,564) [For Test Center]
236 GBP (INR 24,622) [Online] |
| GRE Fees | INR 22,550 [GRE General Test]
INR 14,500 [GRE Subject Test] |
| UK Student Visa (Tier 4 General visa) | 363 GBP (INR 37,855) |
| Skilled Worker Visa | 625 GBP (INR 65,191) per person for up to 3 years
1,235 GBP (INR 1,28,818) per person for more than 3 years. |
Tuition Fees for Top Universities for MBA in UK
MBA course fees in UK vary as per different colleges. Candidates applying to these universities must meet the MBA requirements in UK. The table below highlights the top MBA colleges in UK with fees for tuition per annum:
| Name of University | Annual Tuition Fees |
|---|---|
| University of Warwick | 49,950 GBP (INR 52,05,996) |
| University of Cambridge | 64,000 GBP (INR 66,70,345) |
| University of Manchester | 47,000 GBP (INR 48,98,535) |
| Oxford University | 71,440 GBP (INR 74,44,426) |
| University of Edinburgh | 38,500 GBP (INR 40,11,904) |
| Imperial College London | 61,500 GBP (INR 64,08,864) |
| Lancaster University | 36,000 GBP (INR 37,51,530) |
| University of Bath | 37,500 GBP (INR 39,07,844) |
| Cranfield University | 44,195 GBP (INR 46,05,524) |
| Nottingham University | 28,700 GBP (INR 29,90,778) |
Application Fees for MBA in UK
UK MBA colleges fees include one-time fees for application. Candidates must pay the application fees within MBA in UK admissions deadlines MBA in UK for international students fees for application in top universities is as follows:
| Name of University | Application Fees |
|---|---|
| University of Warwick | 80 GBP (INR 8,336) |
| University of Cambridge | 165 GBP (INR 17,193) |
| University of Manchester | 60 GBP (INR 6,252) |
| Oxford University | 150 GBP (INR 15,630) |
| University of Edinburgh | Deposit fee: 1500 GBP (INR 1,56,309) |
| Imperial College London | 150 GBP (INR 15,630) |
| Lancaster University | 40 GBP (INR 4,168) |
| University of Bath | 100 GBP (INR 10,421) |
| Cranfield University | Deposit Fee: 3,000 GBP (INR 3,13,000) |
| Nottingham University | 50 GBP (INR 5,217) |
MBA in UK Cost of Living
Cost of studying MBA in UK also depends on the expenses of living. The average living MBA cost in UK for Indian students includes accommodation, transportation, food and personal expenses. MBA fees in UK for Indian students are estimated on the basis of the candidates’ location of studying in UK. Candidates can opt for cheapest MBA in UK to be financially stable. The table below depicts the cost of living in UK as per different top universities:
| Name of University | Annual Cost of Living |
|---|---|
| University of Warwick | 14,499 GBP (INR 15,10,675) [includes off-campus accommodation, internet, travel, food, books, clothing, sports membership, socializing, mobile phone and TV license] |
| University of Cambridge | 17,668 GBP (INR 18,40,859) [includes accommodation costs and living expenses] |
| University of Manchester | 15,355 GBP (INR 15,99,845) [includes accommodation, meals, clothes, travel and other expenses] |
| Oxford University | 22,080 GBP (INR 23,00,527) [includes accommodation, meals, personal items, social activities, study costs and other expenses] |
| University of Edinburgh | 21,564 GBP (INR 22,46,765) [includes off-campus accommodation, transportation, meals, utility, entertainment, groceries and clothes] |
| Imperial College London | 19,580 GBP (INR 20,39,831) [includes off-campus accommodation, transportation, meals and personal expenses] |
| Lancaster University | 10,401 GBP (INR 10,83,704) [includes on-campus accommodation, food, toiletries, transport, books, clothes, TV license, phone bill, laundry and sport membership] |
| University of Bath | 20,453 GBP (INR 21,33,910) [includes accommodation, food, toiletries, household goods, utility bills, clothes, travel, leisure, TV license, mobile phone and health costs] |
| Cranfield University | 9,650-11,600 GBP (INR 10,06,808-12,10,154) [includes accommodation, food, travel, books and general expenses] |
| Nottingham University | 12,844 GBP (INR 13,39,933) [includes living expenses minus accommodation] |
ROI
Candidates attain various jobs in UK after MBA with a high salary package.UK university MBA fees can be well managed by good return on investment. Oxford University, University of Cambridge and Imperial College London offer a huge return on investment to the students as compared to other universities. It is recommended to the candidates for attaining these universities to get a better ROI to bear the average MBA fees in UK. The table below highlights the ROI of the top MBA universities in UK:
| Name of University | Annual Tuition Fees | Annual Cost of Living | Total Expense | Annual Salary | ROI |
|---|---|---|---|---|---|
| University of Warwick | 49,950 GBP (INR 52,05,996) | 14,499 GBP (INR 15,10,675) | 64,449 GBP (INR 67,21,183) | 57,000 GBP (INR 59,53,155) |
113% |
| University of Cambridge | 64,000 GBP (INR 66,70,345) | 17,668 GBP (INR 18,40,859) | 81,668 GBP (INR 85,19,227) | 143% | |
| University of Manchester | 47,000 GBP (INR 48,98,535) | 15,355 GBP (INR 15,99,845) | 62,355 GBP (INR 65,04,600) | 109% | |
| Oxford University | 71,440 GBP (INR 74,44,426) | 22,080 GBP (INR 23,00,527) | 93,520 GBP (INR 97,55,596) | 164% | |
| University of Edinburgh | 38,500 GBP (INR 40,11,904) | 21,564 GBP (INR 22,46,765) | 60,064 GBP (INR 62,65,613) | 105% | |
| Imperial College London | 61,500 GBP (INR 64,08,864) | 19,580 GBP (INR 20,39,831) | 81,080 GBP (INR 84,57,807) | 142% | |
| Lancaster University | 36,000 GBP (INR 37,51,530) | 10,401 GBP (INR 10,83,704) | 46,401 GBP (INR 48,40,111) | 81% | |
| University of Bath | 37,500 GBP (INR 39,07,844) | 20,453 GBP (INR 21,33,910) | 57,953 GBP (INR 60,45,106) | 102% | |
| Cranfield University | 44,195 GBP (INR 46,05,524) | 11,600 GBP (INR 12,10,154) | 55,795 GBP (INR 58,20,004) | 98% | |
| Nottingham University | 28,700 GBP (INR 29,90,778) | 12,844 GBP (INR 13,39,933) | 41,544 GBP (INR 43,33,475) | 73% |
Tips for Reducing the MBA in UK Cost
MBA fees in UK for international students is quite expensive. There are certain tips to lessen the MBA in UK fees for Indian students. The tips for reducing the MBA in UK cost are as follows:
- Candidates can attain part-time jobs to manage the cost of MBA in UK.
- International students can apply for paid internships in UK to earn extra money.
- Must find the cheapest MBA in UK for Indian students to study with the lowest MBA fees in UK.
- Candidates can look for offers, coupons, discount cards etc. to manage the living cost in UK.
- Applicants can apply for MBA Scholarships in UK or grants to manage the MBA fees in UK.
MBA in UK cost depends on various factors like pre-arrival costs, tuition fees, application fees and living costs. Candidates need to apply for certain means for reducing the MBA cost in UK. There are numerous scholarships, part-time jobs and internships available for students to manage the living cost and MBA fees in UK. Candidates get to earn huge ROI after completing the course in UK. The good return on investment enables the students to bear the MBA fees in UK with ease.
FAQs
Ques: How much does MBA in UK cost?
Ans. The annual UK MBA fees for tuition for top universities in UK vary from 28,700-71,440 GBP (INR 29,90,778-74,44,426).
Ques: Why is an MBA so expensive in UK?
Ans. The universities in UK make investments in expert faculties. The professors are highly knowledgeable and experienced. This makes the MBA program in UK quite expensive.
Ques: How can I reduce my MBA fees?
Ans. Candidates can choose affordable universities and can apply for scholarships and internships to reduce the MBA fees in UK.
Ques: What are the requirements for MBA in UK?
Ans. Candidates must need a bachelor's degree, GMAT scorecard, IELTS scorecard, and 3 years of work experience for studying MBA in UK.
Ques: Is UK costly for Indian students?
Ans. UK is highly expensive for Indian students. Candidates enrolled in top universities have to pay tuition fees ranging from 28,700-71,440 GBP (INR 29,90,778-74,44,426). Moreover, the average living cost in UK is approximately 12,000 GBP (INR 12,50,316) per annum.
Ques: How much CGPA is required for MBA in UK?
Ans. Candidates need a GPA of 3.5 or above to apply for MBA in UK top universities.
Ques: What is the salary for MBA freshers in UK?
Ans. The average annual salary of MBA freshers in UK after completing the program is 57,000 GBP (INR 59,53,155).
Ques: Which type of MBA is in demand in UK?
Ans. MBA in Marketing is in high demand in UK.
Ques: How much is UK student visa Tier 4 fees?
Ans. Candidates need to pay 363 GBP (INR 37,855) for applying for a UK student visa Tier 4.
Ques: Is MBA cheaper in UK or USA?
Ans. UK MBA is relatively cheaper than MBA programs in USA.
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