Best 10 Business Schools in UK for MBA 2024

Updated on 15 October, 2024

Kanika Pruthi

Kanika Pruthi

Sr. Content Writer & Study Abroad Expert

Best 10 Business Schools in UK for MBA 2024

The UK is one of the most preferred destinations when it comes to choosing a business school abroad. The best business schools in the UK attract students from far and wide - all looking for top-class education that will significantly boost their careers. 

Universities in the UK are well-known for their rigorous education standards, innovative teaching, and diverse connections within industries. 

The best-known UK MBA business schools are London Business School, Said Business School (University of Oxford), and Judge Business School (University of Cambridge), which consistently rank high in global business school rankings, ensuring quality education for students. 

In addition, the international setting of UK business schools offers a chance like no other for students to meet with peers from around the world and develop an insight into the global outlook which is not enough merely anywhere else.

Why Pursue MBA in UK

Pursuing an MBA in the UK offers numerous advantages. The UK is home to a diverse range of industries and a global business hub, providing students with unparalleled networking opportunities. 

The MBA programs are designed to equip students with practical knowledge and skills, often through close collaboration with leading businesses. Moreover, the cultural diversity and international exposure offered by UK business schools prepare students to excel in the global market.

List of MBA Specializations

You will find many types of specializations at MBA colleges in the UK for Indian students. The syllabus of MBA in UK usually covers general management principles and specialized operations areas. Some specializations include the following: 

  1. Finance
  2. Financial Management and Accountancy
  3. Operations Management
  4. Organizational Behavior
  5. Marketing
  6. Human Resource Management
  7. Information Technology
  8. Strategy
  9. Entrepreneurship
  10. Executive MBAs- Ideal for those already in careers looking for global knowledge and exposure. These programs usually span 15-24 months on average. 
  11. International Business

Top 10 Business Schools/ Universities for MBA in UK

QS Global MBA Rankings 2024*

University

Type of MBA

Duration

Average GMAT Score for Admission**

4

London Business School

Full-time and Executive MBA

15- 21 months

708

18

Oxford Business School

(Oxford University)

Full-time and Executive MBA

12 months

690

=9

Cambridge Judge Business School

Full-time and

Cambridge Executive MBA

12 months

691

36

Warwick Business School

(The University of Warwick)

Full-time and Executive MBA, Distance learning

12 months

660

20

Imperial College of Business

 

Full-time, part-time, Executive, Distance learning

12 months

600+

101-110

Durham University Business School

Full-time, Executive, and Distance Learning

12 months

600+

82

Cranfield School of Management

Full-time and Executive MBA

12 months

600+

64

University of Edinburgh Business School

Full-time, Executive, and Distance Learning

12 months

600+

49

Alliance Manchester Business School

(University of Manchester)

Full-time, part-time, Executive, Distance learning

15-18 months

600+

Source: QS Global MBA Ranking 2024

MBA in UK: Eligibility Criteria

  • Undergraduate Degree with minimum upper second class (i.e., 60%-69% marks) in honors subject
  • IELTS with a minimum score of 7.5
  • TOEFL (iBT) 110
  • GMAT 600+
  • Minimum 2 or 3 years work experience excluding internships.

MBA in UK: Admission Process

The admission process for MBA programs in the UK typically involves several key steps:

  • Application Form: Complete the online application form of the chosen business school.
  • Entrance Exams: Submit GMAT or GRE scores as required by the institution.
  • Work Experience: Many programs require a minimum of 2-3 years of professional experience.
  • Personal Statement: Write a compelling personal statement outlining your career goals and reasons for choosing the program.
  • References: Provide letters of recommendation from professional or academic contacts.
  • Interview: Attend an interview, which may be conducted in person or online.
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Cost of Studying at Top Business Schools in UK

The cost of studying at a top business school in the UK can vary significantly based on the institution and program. On average, tuition fees for MBA programs range from £30,000 to £60,000 per year. 

Additional costs include living expenses, which can amount to £10,000 to £15,000 annually, depending on the city. Some of the top business schools also offer financial aid and scholarships to help offset these costs.

Types of MBA Programs 0ffered by UK Business Schools

Type of MBA Program

Description

Full-Time MBA

The intensive program is typically completed in 1 year.

Part-Time MBA

A flexible program designed for working professionals, usually completed in 2-3 years.

Executive MBA (EMBA)

Tailored for senior executives with significant work experience, often delivered in a modular format.

Global MBA

Includes international study modules and collaboration with global business schools.

Online MBA

Offers flexibility with online courses, suitable for working professionals and international students.

Top Universities in the UK

University of Warwick Durham University University of Edinburgh
Cambridge University Fees Duke University in the UK The University of Buckingham
University of Manchester SOAS University of London Bournemouth University
University of Greenwich Ranking Queen Margaret University University of Reading

MBA in UK Fees: Top Universities, their Average Fee & QS Ranking

University

Average Course Fees*

QS Ranking 2025

London Business School

£109,700

NA

University of Roehampton

£13,900

NA

Oxford Business School (Oxford University)

£106,540

#3

Cambridge Judge Business School

Cambridge Executive MBA: £78,800

Global Executive MBA: £86,600.

#5

The University of Warwick

£49,950

#=69

Imperial College of Business

£ 61,500

#2

Durham University Business School

£35,000

#=89

Cranfield School of Management

£39,000 

NA

University of Edinburgh Business School

£38,500

#27

Alliance Manchester Business School (University of Manchester)

£47,000

#=34

Source: QS Ranking 2025

Best Business Schools in UK for Undergraduate

University

Notable Programs

University of Oxford

Business Management

University of Cambridge

Economics and Management

London School of Economics

Management

University College London

Management Science

University of Warwick

International Business

Read More: Best Universities in UK for MBA

Top Business Schools in UK for Masters

Business School

Notable Programs

London Business School

MBA, Masters in Finance

University of Cambridge (Judge)

MBA, Masters in Entrepreneurship

University of Oxford (Said)

MBA, Masters in Financial Economics

Imperial College Business School

MBA, Masters in Business Analytics

Warwick Business School

MBA, MSc in Marketing

Scholarships for International Students at UK Business Schools

Scholarship Name

Description

Chevening Scholarships

Fully funded scholarships for international students to study in the UK.

Commonwealth Scholarships

Scholarships for students from Commonwealth countries.

GREAT Scholarships

Scholarships for students from specific countries, funded by the UK government.

University-specific Scholarships

Various scholarships offered by individual universities for international students.

Global Study Awards

Scholarships for international students to support their studies in the UK.

Read More About Scholarships in UK
Fully Funded Scholarships in UK for International Students Chevening Scholarship  Commonwealth Scholarship
GREAT Scholarship Scholarships for MS in UK University of Manchester Scholarships for Indian Students

Job Opportunities in UK after MBA 

Graduates from top UK business schools have access to a wide range of job opportunities across various industries. The UK’s vibrant economy and strong connections with global businesses provide an ideal environment for MBA graduates to launch their careers. Popular sectors include finance, consulting, technology, and healthcare. 

Additionally, the UK's strategic location and international connections make it a gateway to European and global markets, further enhancing employment prospects for MBA graduates.

Learn More About Jobs in UK
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Subject Background

Master of Business Administration (MBA) is a popular management and leadership course in the United Kingdom. The course duration is usually between 12 and 21 months. It is also one of the highest-paying degrees in the country, with average salaries going up to even 100,000 pounds for skilled graduates. 

The best MBA colleges in the UK for Indian students usually offer diverse specializations ranging from finance and accounting to entrepreneurship. 

The MBA universities in the UK admission process varies, and so do the MBA universities in the UK requirements. Many colleges ask for work experience of 2-3 years while all of them require bachelor’s degrees or equivalent programs. Several MBA colleges also require GMAT scores and scores in English Proficiency Tests like IELTS (minimum score of 6.0-6.5). 

Top Companies

Given below are some top companies that hire MBA graduates in UK along with the compensation:

Top Companies (UK)

Average Salary*

HSBC

₤21,090 to ₤92,602 

Barclays Bank

₤23,348 to ₤77,073

EY

₤25,195 to ₤92,282

JPMorgan Chase & Co.

₤32,713 to ₤102,641

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Conclusion

Pursuing an MBA in the UK offers a multitude of benefits, from high-quality education and international exposure to excellent job opportunities. The UK's business schools are renowned for their rigorous academic programs and strong industry connections, providing students with the skills and networks needed to succeed in the global business environment. 

For those looking to advance their careers and gain a competitive edge, an MBA from a UK institution can be a transformative experience.

Are You Planning To Study In United Kingdom?

Dreaming of studying in the UK? Let upGrad be your guiding light to a remarkable academic journey! Discover a wide range of undergraduate and postgraduate programs across prestigious UK universities.

 

  • Diverse programs across renowned universities.
  • Personalized guidance from experienced mentors.
  • Immerse in rich cultural heritage and vibrant environment.
  • Global opportunities through industry connections.
  • World-class education with top faculty and facilities.

FAQs on Top Business Schools in UK

Which is the best university to pursue MBA in the UK?

There are several leading institutions for pursuing an MBA program in the UK. 

These include the University of Oxford (Said Business School), the University of Cambridge (Judge Business School) London Business School, the University of Warwick (Warwick Business School) and the University of Manchester’s Alliance Manchester Business School. The Imperial College Business School is also a good option for aspirants.

Is the UK good for MBA?

The United Kingdom is considered one of the best global destinations to pursue an MBA. Degrees from the country are recognized worldwide and have helped several skilled graduates find employment in leading MNCs and corporate companies across diverse industries. 

MBAs are coveted programs in the United Kingdom owing to the highly-rated curriculum and effective industry interface. MBAs are coveted in the United Kingdom due to the highly-rated curriculum and effective industry interface.

Is MBA in the UK expensive?

One-year MBA programs cost approximately 10,000-15,000 GBP at leading institutions. Yet, MBA courses are costlier at reputed universities like Cambridge and Oxford. Costs may increase by 45,000 GBP in these cases.

Which MBA is in-demand in the UK?

Marketing MBAs are in demand throughout the United Kingdom. It has become one of the most coveted academic specializations in the course. 

Marketing majors get employment at leading corporates with handsome average salaries. Other popular MBA specializations include international business and finance.

Which area in the UK has the most job opportunities?

London, being the financial and business hub of the UK, offers the most job opportunities, especially in sectors such as finance, consulting, technology, and media. Other cities like Manchester, Birmingham, and Edinburgh also provide substantial job prospects, particularly in industries such as manufacturing, healthcare, and education.

Did you find this article helpful?

Kanika Pruthi

Sr. Content Writer & Study Abroad Expert

Kanika has 5+ years of experience as a writer and content developer. She has written for a wide range of industry verticals, including hospitality, restaurants, non-profits, finance, IT, HR, technology, payroll, and education. She has worked as a creator for a few leading companies and has also helped brands grow through her creative writing.

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