Cost of MBA in UK [2024] - Free Guide for Indian Students
Updated on 15 October, 2024
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Pursuing an MBA in the United Kingdom (UK) is a great option for building a global management career. But before you make the next move, you should know the cost of an MBA in the UK. Learn what expenses you can incur while studying an MBA in the UK.
Table of Contents
MBA in UK: A Glance
Affordable MBA fees in the UK make it a popular choice among Indian students. Full-time MBA programs typically last between 12 and 24 months, whereas part-time MBA ranges between two and three years. Also, students can pursue 1+1 MBA programs, offering a comprehensive learning experience.
There are multiple electives like management operations, human resources, finance, information systems, and marketing that you can opt for. Along with thinking about the right MBA specialization, you would need to pick the best B-schools. And knowing the cost of an MBA in the UK is advisable. This blog post covers all the essential expenses that you might incur: pre-departure expenses, tuition fees, and more.
Cost of Studying an MBA in UK
With a robust portfolio of specializations, an MBA is designed to hone an individual’s soft skills demanded by blue-chip companies – leadership, empathy, and global awareness – as well as the nuts and bolts of business. This makes it paramount to look for the right B-school.
The average cost of an MBA in the UK may start from £30,000/year and go up to £100,000/year or more at premier institutions. For instance, the University of Birmingham charges £32,580 for its one-year program, while the London School of Business charges £109,700 for its 15–21-month program.
Pre-Departure Expenses for MBA in UK
It is not just about covering the MBA fees in the UK for Indian students. Some pre-departure costs add up to the cost of an MBA in the UK. These include the following:
| Category | Costs |
| TOEFL iBT® Test Registration | £165 (₹16,900) |
| IELTS | £158 (₹16,250) |
| GMAT Fees** | Delivered at a Test Center: £223 Delivered Online: £244 |
| GRE® Test | £220 (₹22,550 approx.) |
| Student Visa Costs | £490 |
Source: Official Websites
** Effective 31st March 2023, 18% GST will be additionally applicable.
Top MBA Colleges/B-Schools in UK with Fees
Here are some of the leading MBA colleges in the UK with fees, as per the QS Global MBA Rankings 2023.
| B-School Name | Rank |
Tuition Fees Range (Full Coursework)* |
Program Type |
| London Business School | 5 |
£109,700-£224,600 | Full-time and Executive MBA(EMBA) |
| Judge Business School | 12 |
£69,000-£88,900 | Full-time and EMBA |
| Chicago Booth School of Business | 13 |
£65,700-£120,281 | Full-time, Weekend, Evening and EMBA |
Saïd Business School
|
16 |
£78,510-£106,540 | Full-time, 1+1 MBA Program and Executive MBA |
| Imperial College Business School | 21 |
£45,700-£69,000 | Full-time, Online Global MBA, Weekend and EMBA |
| Warwick Business School | 35 |
£37,400-£53,750 | Full-time, EMBA, Accelerator, and Global Online MBA |
Alliance Manchester Business School
|
47 |
£29,000-£47,000 | Global Executive, Full-time, and Global Part-time MBA |
| University of Edinburgh Business School | 56 |
£31,410-£40,900 | Full-time, Part-time EMBA, and Online MBA |
| Cranfield School of Management | 87 |
£27,000-£44,195 | Full-time, EMBA, Senior Leader Apprenticeship + EMBA, and Cranfield MBA Dual Degree |
| Durham University Business School | 94 |
£15,000-£37,500 | Full-time MBA, Durham-EBS EMBA, and Durham MBA (Online) |
*Source: Official Website
Popular Read:
Affordable Universities for MBA in UK with fees
Here are some universities that offer a relatively affordable cost of an MBA in the UK.
| University | Tuition Fees* |
| Ulster University | £15,250 |
| University of Worcester | £15,800 |
| York St John University | £10,800 |
| University of Bolton | £14,450 |
| Bath Spa University | £20,265 |
| London South Bank University | £16,900 |
| University of Gloucestershire | £16,560 |
| London Metropolitan University | £16,500 |
*Source: Official Website
Cost of Living in UK
Apart from the tuition fees and pre-departure expenses, you would need to bear other cost of living expenses in the UK as well. Here are some other MBA expenses in the UK that you should take into account.
| Category | Monthly Costs* |
| Accommodation | £664–848 for student halls (including bills) £554–750 for rooms in private accommodation (without including bills) |
| Utility Bills (Gas, water, electricity, TV license, and broadband) | £80–140 |
| Groceries | £80–150 |
| Public Transportation | £54–103 |
| Restaurant Meal | £15–16 |
| Mobile Phone Bill | £18 (SIM only) |
| Student gym membership | £15–20 |
*Source: British Council
Cost of MBA in UK vs. Other Countries
Here is an approximate comparison of the cost of an MBA in the UK vis-à-vis other countries.
| Country | Average Annual Cost Range |
| USA | $70,000–$125,000 (₹58.14- ₹99.66 lakh) |
| UK | £30,000–£80,000 (₹30.34 - ₹80 lakh) |
| Australia | AUD$33,600–AUD$126,00 (₹ 17.66-₹66.22 lakh) |
| Canada | CA$27,397 – CA$56,328 (₹16.63–₹34.20 lakh) |
| Germany | €15,000 – €39,000 (₹13 – ₹34 laks) |
| France | €48,000– €98,500 (₹ 41–₹86 lakh) |
Be Financially Prepared to Pursue MBA in UK
This guide will help you estimate the cost of an MBA in the UK along with other associated living costs. You can thus arrange sufficient funds to cover the same during your stay in the country. Here’s to a successful MBA sojourn in the UK and a flourishing career ahead.
Read more about study in UK:
FAQs
Is an MBA in the UK for Indian students expensive?
MBA programs are relatively less expensive in the UK than in many other countries due to the shorter course lengths. At the same time, there are several affordable MBA programs available in the country as well. Premier institutions charge higher fees for applicants, too. It all depends on the institution one wishes to apply to and the type of program. In the UK, it costs around £30,000 to £80,000 annually.
Are there affordable universities for an MBA in the UK?
Yes, there are several affordable universities for pursuing an MBA in the UK. Some of them include Ulster University, the University of Highlands and Islands, the University of Gloucestershire, York St John University, and the University of Bolton.
Are there scholarships for studying for an MBA in the UK for Indian students?
There are several scholarship options for Indian students applying for MBA programs in the UK. These include the Chevening Scholarship program (one-year study program, covering tuition fees, monthly stipend, travel costs, an arrival allowance, etc.), Commonwealth/UK Government Scholarships for full-time masters programs at UK universities (covers tuition fees, living stipend, airfare, travel costs, etc.), and the GREAT scholarship (one-year postgraduate study, covering £10,000 in tuition fees).
What is the average cost of studying for an MBA in the UK?
The average cost of studying for an MBA in the UK can range between £30,000 to £100,000 or higher, depending on the institution and the type of program.
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